Upcoming IPO

  India is the second-largest cement-producing country. India’s cement industry is likely to witness a healthy growth trend in the coming years’ on-demand revival in the post-Covid-19 era. Infrastructure development with new roads, highways, and freight corridors and the boost to affordable housing in the recent budget.  Against this backdrop, Penna Cements, a Hyderabad-based cement manufacturing company, has filed a draft red herring prospectus (DRHP) with SEBI to come up with an Initial Public Offering (IPO). It is one of the largest cement companies in India that are held privately. As the rally in the equity markets continues amid the second wave of the Covid-19 pandemic, IPOs continue to attract investors. Here is all you need to know about the  Penna Cement IPO launch date, the Penna Cement IPO price and how to apply for the Penna Cement IPO. IPO Information Penna Cements has filed papers with SEBI for an initial share offering amounting to Rs. 1,550 Crores in a second attempt to

Lava International IPO, GMP Today, Share Price, Allotment Date will be discussed here. Let’s have a look at the company’s history, financial positions, promoters, and other relevant information, as well as the LAVA International IPO release date, IPO offer price, subscription, LAVA International Limited IPO allotment, grey market price, and other relevant information. Lava International IPO GMP Today F&S claims to be the world’s fifth-biggest feature phone business, with a market share of 5.0 percent. They are a prominent end-to-end focused mobile phone and mobile handset solutions firm with operations in several countries, headquartered in India. F&S claims to be India’s third-largest feature phone business, with a 13.4 percent market share in terms of sales volume in the fiscal year 2021. They have operations in Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia, and Nepal, among other rising markets. THE COMPANY’S PROMOTERS ARE HARI OM RAI, SHAILENDRA NATH R

Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. They assist travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science-led innovations on their OTA platforms, comprising their websites and mobile applications.  Their vision is to become the most customer-centric travel company, by offering the best customer experience to their users. Their focus on travel utility and customer experience for travellers in the ‘next billion user’ segment is driven by technology, cost-efficiency and their culture of innovation has made them India’s leading travel ecosystem for the ‘next billion users’. Their OTA platforms allow travellers to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced

Wellness Forever Medicare Limited are India’s third-largest retail pharmacy and wellness network by number of stores, with a leading position in western India in terms of total revenues. They operate a large omnichannel, hyperlocal retail network under their “Wellness Forever” brand, serving as a one-stop solution for their customers’ wellness needs with most of their stores operating 24x7. They opened their first drugstore in 2008, and have expanded their retail footprint to a total of 236 stores in 23 cities across the Indian states of Maharashtra, Karnataka and Goa serving a registered customer base of 6.7 million customers as of June 30, 2021. They focus on providing their customers with a retail experience that goes beyond simply purchasing medicines and key necessities. They offer a wide assortment of merchandise comprising approximately 91,500 pharmaceutical and wellness products, and each of their stores features an average of approximately 13,000 products per store, including

The IPO of B2B e-commerce platform Udaan has the potential to impress investors. In a chat with Business Standard's Nivedita Mookerji, Udaan's CEO Vaibhav Gupta tells us about his IPO plans and more Q1: I will begin by asking you about the Budget – any takeaways from the Union Budget? Anything for the start-up universe? Ans: Union Budget 2022 was a growth-oriented Budget emphasised on fundamental investments in economy, including the digital economy Q2: Anything related to IPOs that you got from the Budget? Any indications from there? Ans: Indian IPO market, over the last nine months, have achieved a milestone for startups in the country Public market is showing appetite for digital companies that are taking a forward looking view of the economy Q3: Udaan is headed for an IPO. You made an announcement also. Last year you said in 18 to 24 months, you will be going for an IPO. So, what’s the preparation like? Is it likely to come in 2023? Ans: Timeline ballpark for IPO is 18 to 2

After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move LIC IPO : Dubbed as the country’s Aramco moment, the Initial Public Offering of  Life Insurance Corporation of India has moved a step  The issue is set to dwarf the record $2.4 billion IPO of Paytm last year. Created by the merger and nationalisation of 245 Indian and foreign insurers and provident societies in 1956, LIC has been a household name in India for decades now. Here are key things you should know about the impending IPO  Text on screen - How big is LIC LIC is India’s biggest life insurer with 286 million policies, 115,000 employees, 1.34 million individual agents and more than 2000 branches. It has a 64.1% market share in terms of premium and a 66.2% market share in terms of new business premium. It manages $528 billion of assets, more than the total size of India’s mutual fund

The root of the dispute between IPO bound Oyo and Zostel lies in a failed buyout deal 6 years ago, which Zostel claims was binding on Oyo. Oyo IPO : In a breather to IPO-bound Oyo, the Delhi High Court rejected Zostel's plea claiming 7% shareholding in Oyo. The Softbank-backed  Oyo  has been in a legal tussle with Zo Rooms after the latter filed a case in the Delhi HC last year to restrain Oyo from going for a listing. The root of the dispute between the two parties lies in a failed buyout deal 6 years ago, which Zostel claims was binding on Oyo. Other than transfering 7% shareholding to an escrow account, the HC also rejected the plea seeking Oyo altering shareholding pattern by IPO or other fundraise. The court said there was 'no fruit' to protect under section 9. The HC also asked why Zostel had not  focussed on taking steps towards 'specific performance' of term sheets as mentioned in the arbitration order. In a statement Oyo said: "While we await for the f