Meesho To Launch $1 Billion IPO This Year, Selects Morgan Stanley, Citi, Kotak Mahindra Capital As Advisers: Report
2 days, 17 hours ago

Meesho To Launch $1 Billion IPO This Year, Selects Morgan Stanley, Citi, Kotak Mahindra Capital As Advisers: Report

ABP News  

SoftBank-backed e-commerce platform Meesho is reportedly planning to launch its planned initial public offering later this year. The company has already selected Morgan Stanley, Kotak Mahindra Capital, and Citi as its banking advisers, a report by Moneycontrol said. Citing a source familiar with the discussions, the report said that bankers proposed a valuation of $10 billion for Meesho, and talks about adding JP Morgan to the IPO syndicate were ongoing. Valuation and Market Positioning If Meesho achieves a $10 billion valuation at the time of listing, it would represent a significant 2.5X jump from its $3.9 billion valuation in 2024. Financial Growth and Profitability Meesho reported impressive financial growth, with revenue increasing from Rs 3,240 crore in FY22 to Rs 5,735 crore in FY23 and reaching Rs 7,615 crore in FY24.

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History of this topic

Hexaware Technologies IPO opens next week: From risks to financials — 10 key things to know from RHP
1 month, 2 weeks ago

Hexaware Technologies IPO opens next week: From risks to financials — 10 key things to know from RHP

Live Mint  

Hexaware Technologies IPO: The initial public offer of Hexaware Technologies is set to hit the primary market next week on Wednesday, February 12. The price band for Hexaware Technologies IPO has been fixed in the range of ₹674 to ₹708 per equity share of the face value of Re 1. Key Things About Hexaware Technologies IPO Here are key things …

Amagi hires Kotak, Citi, IIFL, Goldman to raise up to ₹3,200 cr in IPO
2 months ago

Amagi hires Kotak, Citi, IIFL, Goldman to raise up to ₹3,200 cr in IPO

Live Mint  

Media technology unicorn Amagi Media Labs has hired Kotak Mahindra Capital, Citigroup, IIFL Capital and Goldman Sachs as investment banks to raise up to ₹3,200 crore in an initial public offering, two people aware of the matter said. The company, which counts NBC Universal, CBS, USA Today and Japan’s Rakuten Group among its clients, is likely to file draft IPO …

Urban Company hires banks for IPO, likely to file by March-end
2 months, 1 week ago

Urban Company hires banks for IPO, likely to file by March-end

Live Mint  

Mumbai: Home services platform Urban Company plans to file draft papers for a ₹3,000 crore initial public offering before the end of the March quarter, three people aware of the development said. The Prosus-backed company has already appointed Kotak Mahindra Capital, Goldman Sachs and Morgan Stanley to manage the IPO, the people said. Urban Company's financial performance Urban Company's consolidated …

Upcoming IPOs: Dr. Agarwal’s and Regreen Excel get SEBI nod to raise funds via public issue
2 months, 2 weeks ago

Upcoming IPOs: Dr. Agarwal’s and Regreen Excel get SEBI nod to raise funds via public issue

Live Mint  

The primary market is all set to witness opening of three new initial public offerings as markets regulator Securities and Exchange Board of India gives its green signal. Dr. Agarwal's, Casagrand Premier and Regreen Excel EPC are among the companies which received approval from the markets regulator to raise funds via IPO. Dr. Agarwal's IPO Dr. Agarwal Health Care, backed …

Star-studded IPO: From Amitabh Bachchan, Shah Rukh, to Tiger Shroff. How many celebs have invested in this realty IPO?
2 months, 3 weeks ago

Star-studded IPO: From Amitabh Bachchan, Shah Rukh, to Tiger Shroff. How many celebs have invested in this realty IPO?

Live Mint  

India's Initial public offering sector is booming, and even Bollywood celebrities can't resist making the best of it. Amitabh Bachchan, Shah Rukh Khan, Raj Kummar Rao, Shah Rukh Khan, Hrithik Roshan, Sarah Ali Khan, and several actors have invested their money in Sri Lotus Developers and Realty Limited which is set to bring its IPO in the market. Sri Lotus …

Will plan IPO only after new business units return more profits: Razorpay’s Shashank Kumar
3 months, 1 week ago

Will plan IPO only after new business units return more profits: Razorpay’s Shashank Kumar

Live Mint  

Razorpay, the fintech major valued at $7.5 billion, completes 10 years of its startup journey this month. In an exclusive interview, co-founder and managing director Shashank Kumar talks about the company’s reverse flip plans, IPO and the way forward, while reminiscing the early days. We have inculcated that as a cultural pillar of the company whether it’s from a governance …

International Gemmological Institute (India) IPO - key things to know about upcoming IPO from RHP
3 months, 2 weeks ago

International Gemmological Institute (India) IPO - key things to know about upcoming IPO from RHP

Live Mint  

Upcoming IPO: The International Gemmological Institute IPO is set to open for public subscription on Friday, December 13, 2024. Here are the key things to know about International Gemmological Institute IPO, asper the company in its Red Herring Prospectus : Price band, lot size The price band is set at ₹397 to ₹417 per share. Key dates IPO opening date: …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
3 months, 2 weeks ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

IPOs to get larger after average size more than doubles to ₹2,000 crore this year: Kotak’s S Ramesh
4 months ago

IPOs to get larger after average size more than doubles to ₹2,000 crore this year: Kotak’s S Ramesh

Live Mint  

Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S Ramesh, managing director and CEO of Kotak Investment Banking. With more large firms and new-age companies looking to list over the next two years, the average IPO size is …

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec
4 months ago

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec

ABP News  

The IPO frenzy seems to not be ending any time soon. The primary market is expected to remain strong with at least 10 firms planning to raise a combined Rs 20,000 crore via maiden issues in the next month, merchant bankers revealed. The companies scheduled to launch their public offers include Vishal Mega Mart, NBFC Avanse Financial Services, International Gemmological …

IPO pipeline to remain strong; 10 companies aim to raise ₹20,000 cr in Dec
4 months ago

IPO pipeline to remain strong; 10 companies aim to raise ₹20,000 cr in Dec

Live Mint  

New Delhi, Nov 24 The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute Ltd expected to raise a combined ₹20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras …

Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore
6 months, 2 weeks ago

Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore

ABP News  

Hexaware Technologies submitted its draft papers for its initial public offering with the Securities and Exchange Board of India. Backed by private equity firm Carlyle Group, the company filed preliminary documents for its maiden offer worth Rs 9,950 crore with the capital markets regulator. If successful, the maiden offering would be the largest in the Indian IT services sector since …

Premier Energies Limited IPO to open tomorrow: All you need to know
7 months ago

Premier Energies Limited IPO to open tomorrow: All you need to know

India Today  

The initial public offering of Premier Energies IPO will open for bidding on Tuesday, looking to raise Rs 2,830.40 crore. Premier Energies' IPO is a book-built issue which includes a fresh issue of 2.87 crore shares, amounting to Rs 1,291.40 crore, and an offer for sale of 3.42 crore shares totalling to Rs 1,539 crore. Premier Energies IPO objectives The …

IPO: Ixigo’s Parent Company Raises Rs 333 Crore From Anchor Investors Ahead Of Maiden Offer
9 months, 2 weeks ago

IPO: Ixigo’s Parent Company Raises Rs 333 Crore From Anchor Investors Ahead Of Maiden Offer

ABP News  

Parent company of Travel booking platform ixigo, Le Travenues Technology Ltd, announced on Friday that it raised funds worth Rs 333 crore from anchor investors, a weekend ahead of the company’s initial public offering. The firm, based out of Gurgaon, allotted 3.58 crore equity shares to 23 funds at the cost of Rs 93 per share, coming up to Rs …

Ixigo IPO opens on June 10: Check price band, lot size, listing date and more
9 months, 3 weeks ago

Ixigo IPO opens on June 10: Check price band, lot size, listing date and more

Hindustan Times  

Ixigo IPO: The initial public offering of Le Travenues Technology- parent company of travel aggregator Ixigo- will open for subscription on June 10. Ixigo IPO: The IPO comprises of fresh issuance of equity shares worth ₹ 120 crore and an offer-for-sale of 6,66,77,674 equity shares by the existing shareholders. Ixigo IPO details The IPO comprises of fresh issuance of equity …

IPO fundraising slumps by 26% in H1 FY24 to ₹26,300 crore, shows data
1 year, 5 months ago

IPO fundraising slumps by 26% in H1 FY24 to ₹26,300 crore, shows data

Live Mint  

In the first half of 2023–24, 31 Indian corporates raised ₹26,300 crore through main board IPOs, a drop of 26% from the ₹35,456 crore raised by 14 IPOs during the same time in 2022–23, according to Prime Database Group's report. In the first half of 2022–2023, total public equity fundraising surged by 69% to ₹73,747 crore from ₹43,694 crore, according …

Meesho posts maiden profit in July, weighs IPO in 12-18 months
1 year, 7 months ago

Meesho posts maiden profit in July, weighs IPO in 12-18 months

Live Mint  

Meesho is looking at a public listing in the next 12-18 months after the e-commerce startup reported its maiden net profit in July, chief financial officer Dhiresh Bansal said. Meesho, which had earlier raised more than $1 billion from Prosus, SoftBank and Facebook, among investors, expects to close the current financial year with 40% growth in revenue run rate, Bansal …

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report
1 year, 8 months ago

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report

ABP News  

Defying global trends, the stock exchanges of India have topped global rankings in terms of the number of initial public offers. As per a report by Ernst and Young, the BSE and the NSE have jointly listed 80 firms till June 2023, which is 33 per cent higher than the 60 IPOs floated a year back. "Defying the global downward …

Meesho doesn’t need to raise money right now, next funding could be via IPO
2 years, 1 month ago

Meesho doesn’t need to raise money right now, next funding could be via IPO

Live Mint  

Online fashion platform, Meesho does not have any plans for fundraising as of now. During this month, the company bagged fundraising of $570 million in a series F funding round led by Fidelity Investments and B Capital Group. If Meesho does plan for raising money in the future, the co-founder said there is a good likelihood that the next round …

Meesho sets eyes on turning profitable before going public
2 years, 6 months ago

Meesho sets eyes on turning profitable before going public

Live Mint  

Meta Platforms and SoftBank-backed Meesho is working on becoming Ebitda-positive by mid-2023 before going public, founder and chief executive Vidit Aatrey said at the company’s town hall meeting. Meesho will focus on gaining a larger market share in India and should onboarding a billion users, and not look at overseas expansion, considering that India’s retail market is likely to hit …

FirstCry May Witness Stake Sale By SoftBank, NewQuest; To Launch IPO In Few Months: Report
2 years, 7 months ago

FirstCry May Witness Stake Sale By SoftBank, NewQuest; To Launch IPO In Few Months: Report

News 18  

Domestic e-commerce company FirstCry, which is going to launch its initial public offering in the next few months, may witness its existing investors, Masayoshi Son-led SoftBank and NewQuest Capital Partners, sell their stakes, according to a media report. Japan’s SoftBank is the biggest investor in FirstCry with a 29 per cent stake and seeks to cut its holding to less …

Sebi Gives Approval To 28 Companies in April-July To Launch IPOs; Check Details
2 years, 7 months ago

Sebi Gives Approval To 28 Companies in April-July To Launch IPOs; Check Details

News 18  

The Securities and Exchange Board of India gave its approval to initial public offerings through which 28 companies plan to raise about Rs 45,000 crore in April-July 2022. The firms that have got the Sebi approval for IPOs include Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group; lifestyle retail brand FabIndia; Blackstone-backed Aadhar Housing Finance; TVS …

IPO fundraising at highest ever in 2021-22
2 years, 11 months ago

IPO fundraising at highest ever in 2021-22

India TV News  

Highlights Total 52 Indian corporates raised an all-time high Rs 1.11L crore through main board IPOs in 2021-22 The 2021-22 IPO amount was over 3.5 times Rs 31,268 cr raised through 30 IPOs in 2020-21 The previous best year was 2017-18 in which Rs 81,553 crore was raised A total of 52 Indian corporates raised an all-time high Rs 1.11 …

IPOs in 2022: List of public issues in pipeline for early next year
3 years, 2 months ago

IPOs in 2022: List of public issues in pipeline for early next year

Live Mint  

The record fundraising spree is expected continue in the new year as more companies seek to launch their share sales after 2021 turned out to be the best year for public issues in two decades for the Indian market. Many new-age digital players are Unicorns like Delhivery, Droom, MobiKwik, Oyo, Pharmeasy, Ixigo, BYJU'S, Foxconn India's unit Bharat FIH Ltd are …

Upcoming IPOs This Week: These Four Companies To Launch IPOs; Check All The Details Here
3 years, 3 months ago

Upcoming IPOs This Week: These Four Companies To Launch IPOs; Check All The Details Here

ABP News  

New Delhi: This week Dalal Street will witness listing of four different companies as they are set to launch their initial public offerings. The upcoming public listing include companies like Rakesh Jhunjhunwala-backed footwear company Metro Brands, distribution technology company RateGain, real estate firm Shriram Properties, and digital map maker MapmyIndia. RateGain Travel, one of the largest software services companies in …

Online medical store PharmEasy targets $842 million IPO
3 years, 4 months ago

Online medical store PharmEasy targets $842 million IPO

The Hindu  

Indian digital healthcare platform PharmEasy filed on Wednesday, November 10, 2021, for an initial public offering of up to 62.50 billion rupees,becoming the latest startup in the country to pursue a domestic stock listing. API Holdings Ltd, PharmEasy's parent, may also consider a further issue of equity shares via a private placement of up to12.50 billion rupees, the company said …

IPO fundraising in India at 13-year high
4 years ago

IPO fundraising in India at 13-year high

Live Mint  

Indian fundraising via IPOs is at a 13-year high as a flood of foreign money and unprecedented interest from mom-and-pop investors spur more listings, making India one of the hottest IPO markets in 2021. India's IPO proceeds this year India's IPO proceeds this year India's IPO proceeds in 2020 India's IPO proceeds in 2020 Heavy foreign investor flows into shares, …

5 IPOs This Week: From Craftsman Automation To Nazara Technologies, Companies Expect To Raise Over ₹3,700 Crore. Check Details
4 years ago

5 IPOs This Week: From Craftsman Automation To Nazara Technologies, Companies Expect To Raise Over ₹3,700 Crore. Check Details

ABP News  

Mumbai: In view of the upbeat market conditions, the initial public offering market has bounced back with almost five companies going public this week. On Monday, two companies including Craftsman Automation and Laxmi Organics Industries will launch their initial share-sale programmes while Kalyan Jewellers India will open the issue on Tuesday. Laxmi Organic Industries: Laxmi Organics' IPO consists of fresh …

More specialty chemical companies line up to launch IPOs
4 years, 3 months ago

More specialty chemical companies line up to launch IPOs

Live Mint  

Unlisted specialty chemical makers are looking to launch initial public offerings in the coming months, after market investors showed a distinct preference for such firms. Surat-based Anupam Rasayan plans to file its draft IPO papers soon, looking to raise up to ₹750-800 crore, said two people aware of the matter. Another specialty chemical maker, Mumbai-based Laxmi Organics, on Tuesday evening …

Companies raise Rs 25,000 cr via IPOs in 2020 so far; next year expected to be equally strong
4 years, 3 months ago

Companies raise Rs 25,000 cr via IPOs in 2020 so far; next year expected to be equally strong

India TV News  

High liquidity and robust interest from investors helped companies raise nearly Rs 25,000 crore through initial share-sales this year so far and 2021 is expected to be equally strong for the IPO market, experts said. In 2020 so far, close to Rs 25,000 crore has already been raised through IPOs and the figure could rise further as Burger King's Rs …

China’s Fosun-owned Gland Pharma gets Sebi nod for proposed ₹6,000 cr IPO
4 years, 5 months ago

China’s Fosun-owned Gland Pharma gets Sebi nod for proposed ₹6,000 cr IPO

Live Mint  

MUMBAI: Gland Pharma Ltd, which is majority owned by China’s Fosun group, has received the Securities and Exchange Board of India’s approval to go ahead with its proposed ₹6,000 crore IPO, a person aware of the development told Mint. The company, backed by China's Fosun Pharma, had filed the draft red herring prospectus for its IPO with Sebi in July. …

IPO Market 2020 Remains Muted, Know Why Companies Are Not Tapping The Market
4 years, 8 months ago

IPO Market 2020 Remains Muted, Know Why Companies Are Not Tapping The Market

ABP News  

₹ The outbreak of coronavirus has hit the economies globally as most companies are yet not back on their feet. In H1 2020, Indian companies managed to raise ₹1.04 trillion from the capital market, according to Prime Database, helped largely by Reliance Industries ₹53,125 crore rights issue. But companies have been reluctant to enter the IPO market.It is an unprecedented …

IPOs trade above issue prices in 2019; 8 out of 11 new stocks give good returns
5 years, 5 months ago

IPOs trade above issue prices in 2019; 8 out of 11 new stocks give good returns

Live Mint  

The primary market has emerged as the cash cow for investors in 2019, amid high volatility in the secondary market, as 70%of the new entrants are trading well above their issue prices, giving returns of up to 95% to shareholders. Out of 11 companies that got listed in 2019, as many as eight have registered smart gains ranging from 7 …

Meesho raises $125 mn in a round led by Naspers
5 years, 7 months ago

Meesho raises $125 mn in a round led by Naspers

Live Mint  

Bengaluru: Social commerce platform Meesho has raised $125 million in a round led by South Africa’s Naspers with participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway, said the company on Monday. Meesho has built a network of more than 2 million ‘social sellers’ across 700 towns in India, along with a distribution channel for …

Indiamart set to become first firm to test IPO market under Modi 2.0
5 years, 9 months ago

Indiamart set to become first firm to test IPO market under Modi 2.0

Live Mint  

Mumbai: IndiaMART InterMESH Ltd, which operates Indiamart.com, one of the largest online listing platforms for small and medium businesses in India, is set to become the first company to test the IPO market in the Modi government’s second tenure. Indiamart’s IPO will The planned timeline makes Indiamart the first company to hit the primary markets with a public offering since …

Meesho in talks to raise funds from DST Global
6 years, 6 months ago

Meesho in talks to raise funds from DST Global

Live Mint  

Bengaluru/New Delhi: Less than three months after raising its last round of funds, Meesho, one of the fastest growing e-commerce companies in the country, has initiated talks to raise a fresh round of capital from investment company DST Global, two people familiar with the matter said. The social commerce firm hasn’t finalised the amount of capital it wants to raise …

India records highest number of IPOs globally in first half of 2018: EY
6 years, 9 months ago

India records highest number of IPOs globally in first half of 2018: EY

Live Mint  

New Delhi: Globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised $3.9 billion in the first half of this year, says a report. According to EY India IPO Readiness Survey Report, globally, Indian exchanges recorded the highest IPO activity in terms of number of deals accounting for 16% of the total issues …

Top investor Rakesh Jhunjhunwala says steering away from Indian IPOs
7 years, 4 months ago

Top investor Rakesh Jhunjhunwala says steering away from Indian IPOs

Live Mint  

Mumbai: Major Indian share investor Rakesh Jhunjhunwala said he is steering clear of all initial public offerings for now as valuations have skyrocketed amid strong inflows and exuberance in equity markets. “There is a lot of froth in the IPO market,” Jhunjhunwala, a billionaire who runs his own asset management firm, said at the Reuters Global Investment 2018 Outlook Summit. …

Vodafone India to postpone DRHP filing of its proposed Rs 20k-cr IPO till end 2016
8 years, 7 months ago

Vodafone India to postpone DRHP filing of its proposed Rs 20k-cr IPO till end 2016

Firstpost  

The filing, previously expected in September or October, is being delayed because Vodafone wants to wait for new rival Reliance Industries to launch its telecoms services Vodafone Group Plc’s Indian unit is likely to delay filing the draft prospectus for its up to $3 billion initial public offering until towards the end of the year, IFR reported on Thursday. The …

IPO investors burn fingers, get poorer by Rs 29,000 cr
13 years, 6 months ago

IPO investors burn fingers, get poorer by Rs 29,000 cr

Firstpost  

Not surprising then that Corporate India’s fund-raising plans seem to have gone slow in 2011 compared to the previous year. The uncertainty in the financial markets, coupled with low returns, has kept investors away and this was evident in the IPO subscription level which was quite tepid. In our analysis, we found out that only 31 companies had raised funds …

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