According to a Bloomberg story citing persons with knowledge of the situation, Muthoot FinCorp, a non-banking financial company focusing on gold loans, is preparing an IPO that may raise to $300 million. Muthoot Fincorp and the listed Muthoot Finance are very different. Despite coming from various branches of the same Muthoot family, they are originally…
The market is expected to witness over half a dozen initial public offerings (IPOs) in June, with a total estimated value of between Rs 8,000 and Rs 10,000 crore. Market sources predict that a mix of large and mid-sized main board initial public offerings (IPOs) will occur in June, even though some of the May…
Data from the Prime Database indicates that about Rs 1.80 lakh crore worth of public issues already have Sebi approval or are awaiting a nod, making 2025 likely to be another record year for IPOs in India. This year’s pipeline includes 28 businesses that, after their public offerings were cleared by the capital market regulator,…
By FY27, the IPO-bound NTPC Green Energy (NGEL) intends to invest Rs 1 lakh crore in new initiatives and capacity expansion in areas like green hydrogen and storage projects. Gurdeep Singh, chairman and managing director, stated on Wednesday that the company, which currently has an operating capacity of 3.3 gigawatts (GW), aims to quadruple that…
The Securities and Exchange Board of India (SEBI) has approved NTPC Green Energy, the company’s renewable energy business, to move on with its eagerly awaited initial public offering (IPO). The company intends to raise Rs 10,000 crore through the issuance, having first submitted its draft documents to SEBI on September 18, 2024. The IPO will…
Comparing the CNX 500 index to the 30 IPOs, just twelve of them, in terms of issue size, were able to provide investors with returns. From a different perspective, 60% of IPOs have not been able to outperform the CNX500 since their introduction. Thirty-one IPOs have had eight negative returns. Reliance Power destroyed the most…
At an Extraordinary General Meeting (EGM) on October 3, the leading food technology company Swiggy got approval from its shareholders to boost the primary issue size of its Initial Public Offering (IPO) from Rs 3,750 crore to Rs 5,000 crore. If additional cash is needed, the corporation has set aside an additional Rs 1,250 crore…
The government of Rajasthan and the state-run power giant NTPC have inked a Memorandum of Understanding (MoU) for the development of 25 GW of renewable energy projects in the state, according to NGEL, a wholly owned subsidiary of NTPC. The business stated in a regulatory filing that the Chief Minister of Rajasthan was present when…
SEBI has approved Hyundai Motor India’s IPO, bringing the company’s intentions to list one step closer. Hyundai India hopes to raise Rs 25,000 crore, or $3 billion, through the offer, regarded as India’s largest public issue. This indicates a $20 billion valuation for Hyundai. According to rumors, the business may be preparing to list in…
According to internal documents, Swiggy, the fast-food delivery and e-commerce company, is preparing to raise about $600 million through a new issuance as part of its first public offering (IPO). From the $450 million that was originally stated, this represents a huge increase. The entire possible financing might be close to $1.4 billion when added…
