Mumbai: Warburg Pincus-backed Ecom Express is looking to enter the primary market with a ₹3,000-crore initial public offering (IPO), according to two people aware of the development. The third-party logistics company has appointed bankers including Kotak Capital, IIFL, Axis Capital, and UBS, according to one of the sources. “Ecom Express has initiated the process for … Read more
Mumbai: The initial public offering (IPO) of Stanley Lifestyles was subscribed 96.98 times on the final day of the offer Tuesday. The ₹537-crore issue of the luxury furniture brand was priced at ₹351-369 per share. The qualified institutional buyer (QIB) portion was subscribed 222.1 times, the non-institutional investor (NII) portion 119.52 times while the retail … Read more
The shares of Akme Fintrade will list on the exchanges on Wednesday. Ahead of the listing, the company’s shares were trading with a GMP of Rs 18 in the unlisted market. Considering the upper price band of Rs 120, the stock is expected to list at a premium of 15% over the issue price. However, … Read more
New Delhi, Allied Blenders and Distillers Ltd, the maker of Officer’s Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription. Nippon India Mutual Fund (MF), LIC MF, JM Financial MF, Jupiter India Fund, Societe Generale, Goldman Sachs (Singapore) Pte, Wipro … Read more
Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty Images Fast fashion giant Shein has confidentially filed for a public listing in London, a person familiar with the matter told CNBC. It marks another twist in the company’s so-far long road … Read more
The primary market continues to thrive post the election with as many as 9 public offers set to be launched next week. Among these, the IPOs of Allied Blenders and Vraj Iron and Steel will open in the mainboard segment. In the SME segment, a total of seven issues will open for subscription next week. … Read more
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and … Read more
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters BEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes … Read more
Market regulator Security and Exchange Board of India (Sebi) on Thursday modified the duration for call auction in pre-open session for IPO and relisted scrips. It was observed that during the call auction in pre-open session for certain IPO and relisted scrips, orders were placed at higher prices in large volumes and a significant portion … Read more
The Securities and Exchange Board of India (Sebi) said JM Financial will continue to face restrictions on acting as lead manager for public debt issues until March 31, next year. The regulator’s order on Thursday follows the earlier restrictions it had imposed on the firm through an interim order issued on March 7, which JM … Read more
