Star Health raises Rs 3,217 cr from anchor investors ahead of IPO

New Delhi: Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday. The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to Rs 3,217.13 crore, according … Read more

Inspira Enterprise gets Sebi’s go-ahead to raise Rs 800 cr via IPO

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

Realty developer Casagrand plans Rs 1000 cr IPO

Bengaluru: Chennai-based real estate developer Casagrand plans to raise around Rs 1000 crore through an initial public offering to fuel its growth plans next year. The company plans to strengthen its presence in Bangalore and enter the Hyderabad market with an initial investment of Rs 1500 crore. These two markets will contribute 35 per cent, … Read more

Pine Labs gets Wall Street bankers for its IPO, eyes over $6 billion valuation

Payments and merchant commerce firm Pine Labs has appointed Wall Street investment banks Morgan Stanley and Goldman Sachs as advisors for its initial public offering (IPO) in the United States next year, sources aware of the matter said. The India and Southeast Asia-focused e-payments firm is looking at a valuation of around $6 billion through … Read more

Airbnb set for huge day-one pop, value could top $100 billion

By Olivia Carville, Katie Roof and Crystal Tse Airbnb Inc. shares could start trading at more than double the price they sold for in its initial public offering, propelling the home-rental company to a $100 billion-plus valuation and one of the biggest first-day pops on record. The stock will start trading Thursday, with early pricing … Read more

IRFC to launch Rs 4,600 crore IPO this month

MUMBAI: Indian Railway Finance Corporation (IRFC) is likely to launch its initial public offering (IPO) by the end of this month to raise about Rs 4,600 crore, according to bankers. For the first time, the state owned company has made provisions for allotment to anchor investors – this will help garner much more value for … Read more

Nureca files IPO papers with Sebi

Nureca Ltd, which owns the Dr Trust brand, has filed preliminary papers with capital markets regulator Sebi to raise Rs 100 crore through an initial public offering. The IPO comprises issuance of equity shares worth Rs 100 crore, the draft red herring prospectus filed with Securities and Exchange Board of India (Sebi ) showed. Proceeds … Read more

View: The IPO rush in the US illustrates the capital opportunity India is wasting

By failing to take advantage of the surfeit of global capital scouring the world for profitable deployment, the government fails the people of India, in desperate need of growth, incomes and jobs. Synopsis There is an IPO fever raging in the US, apart from Covid-19. It shows that there is a mass of capital out … Read more

Brookfield REIT plans $600 mn IPO

MUMBAI: Global asset management major Brookfield will file for a USD 600 million (around Rs 4,440 crore) initial public offering for its real estate investment trust (REIT), merchant banking sources said on Thursday. The Canadian asset manager is filing the Draft Red Herring Prospectus (DRHP), making it the third REIT to be listed in the … Read more

Angel Broking raises Rs 180 crore from anchor investors ahead of IPO

Mumbai: Angel Broking said on Monday it has raised a total of Rs 180 crore from 12 anchor investors ahead of its initial public offering (IPO) on Tuesday. The retail-focused stock broking company raised funds at Rs 306 per share by allotting 58,82,352 shares to investors, with domestic mutual funds grabbing a majority of shares … Read more