Stocks of four IPOs recently listed fall before anchor lock-in expiry
Four companies who made their stock market debut last month saw their shares fall, just before the lock-in period ended for anchor investors. Krsnaa Diagnostics and Windlas Biotech lost between one and three percent during Thursday's trade. On the other hand, the Nifty Smallcap 100 index rose 0.64 percent. All four companies will be able to lock in their anchor investors for a 30-day period on Monday.
BoAt is planning an IPO and estimates a valuation of almost $1.4 bn
BoAt is one of India's top-selling earwear brands and wearable categories. One of three people spoke on condition of anonymity to say that they are looking at a valuation around $1.4 billion (around Rs10,000 crores) for their IPO, which is expected between March and June next year.
India is looking for foreign institutional investment up to 20% in LIC IPO
According to a government source, the government may allow foreign institutional investments of up to 20% to Life Insurance Corporation. India's largest-ever IPO is expected to be the listing of LIC. The government aims to raise Rs. Its stake sale will bring in 900 billion dollars ($12.24 billion). This will make it easier for fund-raising to be completed for the IPO that the government has planned for the company, most likely during the current financial year. Due to concerns about the ability of the Indian stock markets to absorb such an offering, investors will be offered two portions of the IPO.
Also Read: Latest updates on Online Education
Sansera Engineering IPO will open Sept 14
Sansera Engineering's initial public offering (IPO), will be made available to the primary market starting Tuesday, September 14. The price range for the offer is Rs 734-744 per unit. The Bengaluru-based company's IPO is looking to sell 17,244,328 shares from its existing shareholders and promoters. The OFS is open to existing investors, including Client Ebene and CVCIGP II Employees Ebene. Promoters include Unni Rajagopal, Unni Singhvi and D Devaraj.
Paytm appoints business heads prior to IPO
One97 Communications, the company that owns Paytm's brand, has promoted at least four people to the position as chief business officer (CBO), for its various verticals ahead of its eagerly awaited November-listing.
Read latest Paytm news: Paytm sets up separate subsidiary for its payment aggregator business
According to their Linkedin profiles, founder Vijay Shekhar Sharma's brother Ajay Shekhar Sharma and Ripunjai Gaur were elevated to CBO in the last month from senior vice-president positions.
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