New Delhi: Realty firm Signature Global (India) Ltd has received a nod from capital markets regulator Sebi for its initial public offer (IPO) to raise up to Rs 1,000 crore to clear debt and land acquisition. In July, Signature Global, which focuses on affordable and mid-housing segments, had filed the Draft Red Herring Prospectus (DRHP) … Read more
Mumbai: Integrated logistics firm JM Baxi plans to file initial document for its planned ₹2,500-crore IPO this month, said its managing director Dhruv Kotak. The company is part of the 106-year-old JM Group which operates container terminals, container freight stations and inland container depots. It also offers shipping agency services. “Somewhere around the end of … Read more
New Delhi: The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday. In an interview with PTI, Tuhin Kanta Pandey, Secretary to the Department … Read more
New Delhi: IT solution provider Inspira Enterprise India has received markets regulator Sebi‘s go-ahead to raise Rs 800 crore through an initial public offering (IPO). The initial share-sale consists of fresh issuance of equity shares to the tune of Rs 300 crore and an offer of sale (OFS) of of equity shares worth Rs 500 … Read more
SoftBank-backed Snapdeal adds FMCG veteran Ullas Kamath and brand expert Anisha Motwani as directors on board as it plans to file IPO papers with the market regulator Sebi soon. Ullas Kamath is the joint managing director of Jyothy Labs, while Anisha Motwani has worked as a World Bank consultant on the Swachh Bharat Programme, Solar … Read more
NEW DELHI: Homegrown electronics company Lava International filed the draft red herring prospectus for its planned initial public offer (IPO) with Sebi. The company plans to raise Rs 500 crore from the primary market. Along with that, its shareholders will also sell a total of 43,727,603 shares during the IPO. The company said it might … Read more
New Delhi: IPO-bound Sterlite Power Transmission returned to black in the financial year ended on March 31, 2021, after it reported Rs 362.92 crore net profit for the year against a net loss of Rs 517.71 crore in the previous year. The Vedanta Group company reported a 10 per cent rise in income from operations … Read more
New Delhi: Rakesh Jhunjhunwala-backed Start Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with Sebi for an initial public offering. The initial stake sale will consist of issuance of fresh equity shares aggregating to Rs 2,000 crore and offer for sale (OFS) of up to 60,104,677 equity shares by the … Read more
Mumbai: Low fare carrier Go Airlines has filed its draft red herring prospectus, ahead of its planned IPO. The IPO is managed by ICICI Securities, Citigroup and Morgan Stanley. According to the DRHP, the airline wants to raise Rs 3,600 crore via a fresh issue of shares. ET had reported last Saturday that the DRHP … Read more