[ad_1] BENGALURU: Electric scooter maker Ather Energy closed its Rs 2,981-crore initial public offering (IPO) with a total subscription of 1.4times on Wednesday. This capped a three-day bidding window that saw strong interest from retail and institutional investors.The issue marked the first listing of the 2025-26 and the first major tech-led consumer IPO since 2023-24,…
[ad_1] MUMBAI: With total fund mobilisation at $2.8 billion, India was among the top markets for IPOs during the Jan-March period, a report by global consultancy major EY said. India had a 22% share of global IPO activity. Despite a decline in volume, the percentage of profitable IPO companies surged, reflecting strong market fundamentals, EY…
[ad_1] Urban Company files draft papers for IPO NEW DELHI: Urban Company has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to raise Rs 1,900 crore. According to its Draft Red Herring Prospectus (DRHP), the IPO will comprise a fresh issue of shares worth Rs…
[ad_1] NEW DELHI: Food and grocery platform Swiggy launched its 10 minutes meals and beverage delivery service Bolt on Friday, currently available key locations in Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore.The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require…
[ad_1] NEW DELHI: The Indian market is set to witness several companies go public in the next two months, including Hyundai Motor India, Swiggy, and NTPC Green Energy. Merchant bankers estimates that they collectively aims to raise approximately Rs 60,000 crore via their IPOsAfcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and…
[ad_1] MUMBAI: Oyo is acquiring US-based G6 Hospitality, the economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate in a $525 million all-cash deal, the startup said on Saturday.Oyo has been expanding its footprint in the US since its launch in the region in 2019…
[ad_1] Bharti Hexacom IPO: The initial public offering (IPO) of Bharti Hexacom opened for subscription on Wednesday. The Bharti Hexacom IPO has been opened for subscription following a successful anchor round, where prominent investors such as Capital Group, Fidelity Funds, ADIA, and Morgan Stanley showed strong interest, contributing over Rs 1,900 crore. Bharti Hexacom IPO…
[ad_1] MUMBAI: Shapoorji Pallonji Group‘s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction IPO in at least a decade. The company, which the construction-to real-estate group acquired from ICICI Bank in the early 2000s, hopes to raise Rs 7,000 crore…
[ad_1] Genetic medicines company Metagenomi Technologies said on Thursday it is aiming for a valuation of $563 million in its US initial public offering (IPO), a number that is at the low end of its initial target range. The company, backed by Moderna and Bayer Healthcare , plans to raise about $93.8 million by selling…
[ad_1] Swiggy, one of India’s leading food delivery platform, announced plans to cut nearly 400 jobs across various teams. According to a report by The Economic Times, this significant downsizing, representing roughly 6% of Swiggy‘s workforce in India. According to the report, the layoffs are expected to impact employees across technology teams, call centres and…
