Tag: IPO

Paytm IPO oversubscribed almost 2 occasions: FIIs flood difficulty, home mutual funds and HNIs present least curiosity – Occasions of India

NEW DELHI: Paytm’s Rs 18,300-crore IPO on Wednesday was oversubscribed 1.89 occasions with international institutional buyers flooding the problem with presents whilst home mutual funds and excessive web price people largely stayed away from the preliminary public providing. The corporate is prone to debut on the inventory change on 18 November. The IPO acquired bids […]

Aditya Birla Sun Life AMC IPO fully subscribed on Day-2

The initial public offer of Aditya Birla Sun Life AMC Limited was fully subscribed on the second day on Thursday. The Rs 2,768.25-crore initial share sale received bids for 2,99,46,460 shares against 2,77,99,200 shares on offer, translating into 1.08 times subscription, according to an update on the NSE. The qualified institutional buyers (QIBs) category was subscribed 6 percent, […]

New IPOs to help add $400 bn to m-cap in three years, India to be the 5th largest market globally: Goldman Sachs

Mumbai: New initial public offerings (IPOs) will help add $400 billion to the overall market capitalisation over the next three years, an American brokerage said on Monday. The estimate comes on the back of a surge in IPO activity in the last few months, which has seen companies raise $10 billion from public markets since the beginning […]

Paytm creates new company for its online payments business as per RBI guidelines

IPO-bound Paytm will turn its payment aggregator business into a new subsidiary Paytm Payments Services Limited. This follows a directive from the Reserve Bank of India (RBI). The company is seeking approval of the same from its shareholders through an Extraordinary General Meeting on September 23. This will include Paytm’s online payment gateway business. The move to transfer payment aggregator […]

BillDesk cofounder on Prosus deal; pre-IPO boost for Paytm

BillDesk, the Indian fintech firm that predates the word ‘fintech’, will soon be acquired by global tech investor Prosus in a $4.7 billion all-cash deal. MN Srinivasu, one of the firm’s co-founders, told us why BillDesk said yes to Prosus and what the future has in store for the company he helped build 21 years ago. Also in […]

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