Capital markets regulator Sebi has returned the draft IPO papers of Gretex Share Broking, a move that might delay the company’s initial share sale. The proposed IPO is a combination of a fresh issue of 1.67 crore equity shares and an offer-for-sale (OFS) component of 30.96 lakh shares by selling shareholders. Proceeds from the fresh … Read more
Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according … 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