Year in Review: There’s an Esop fable in startup Inc’s IPO run

Year in Review: There’s an Esop fable in startup Inc’s IPO run

Initial public offerings (IPOs) of eight new-age internet companies this year unlocked over Rs 8,500 crore for employees from their outstanding stock options. Impressive as it is, this pales in comparison to the nearly Rs 34,000 crore in wealth amassed by founders and promoters through equity and share options, as revealed in the companies’ red … Read more

These 5 mutual funds are investing in Zomato IPO: Should investors be worried?

These 5 mutual funds are investing in Zomato IPO: Should investors be worried?

Mutual funds’ enthusiastic participation in last week’s Zomato IPO has raised many eyebrows. The anchor book portion of the public issue saw subscription from 19 mutual fund companies across 74 schemes with varying mandates. Questions are being raised about the clamour to buy shares of a business which is yet to make profits but commands … Read more

Zomato IPO: Info Edge to sell stake worth Rs 750 crore via OFS

Zomato IPO: Info Edge to sell stake worth Rs 750 crore via OFS

MUMBAI: today said that its investee company Zomato has proposed an initial public offering of fresh issue of equity shares and an offer for sale. Info Edge will sell stake worth Rs 750 crore in the initial public offering of the food delivery aggregator via offer for sale, the company said in an exchange filing. … Read more

IPO boom prompts ICICI Bank to hire more investment bankers

IPO boom prompts ICICI Bank to hire more investment bankers

By Baiju Kalesh India’s second largest private lender is making its biggest hiring push in investment banking and institutional equities in four years, as it anticipates a rise in companies going public. The Mumbai-based firm plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total, … Read more