28th Dec 2021
Rainbow Hospitals, one of India’s foremost multi-specialty paediatric hospital chains, has filed the draft red herring prospectus (DRHP) with SEBI for a Rs.2,000 crore IPO. The IPO will comprise of Rs.280 crore raised via fresh issue and an offer f
27th Dec 2021
The Zee Sony merger at $7 billion may be the biggest merger in the Indian media space till date. However, like most such large merger and acquisition deals, there is a penalty clause on both the parties if they subsequently decide to walk out of the
HP Adhesives had a strong listing on 27th December and listed at a premium of 14.96. However, even with the strong listing, the stock made further gains through the day and closed much stronger. The stock not only closed above the issue price but al
TBO Tek Ltd, a travel services provider, has filed draft red herring prospectus (DRHP) with SEBI for its proposed Rs.2,100 crore IPO. The IPO will comprise of a fresh issue of Rs.900 crore and an offer for sale of Rs.1,200 crore by the promoters and
Protean e-Gov Technologies, formerly known as NDL e-Governance Infrastructure, has filed the draft red herring prospectus (DRHP) for its proposed Rs.1,300 crore IPO. The IPO will entirely be an offer for sale where the existing early investors will t
The Rs.1,100 crore IPO of CMS Info Systems, consisting entirely of an offer for sale (OFS) if Rs.1,100 crore, was subscribed 1.95X overall at the close of bidding on 23 December. The basis of allotment will be finalized on 28 December. If you have ap
It was a tense weekend for the equity investors and depositors of RBL Bank as the CEO Vishwavir Ahuja proceeded on indefinite leave. There were no reasons given and Rajeev Ahuja was appointed as interim CEO in his place. What was more interesting
Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volumes. Such
24th Dec 2021
Just a week before the card tokenization norms were to take effect for all online card transactions, the RBI has decided to put off the implementation by 6 months. Now, instead of 01st January 2022, the new norms for card tokenization will be applica
India’s second largest sports footwear brand, Campus Shoes, will shortly file its draft red herring prospectus (DRHP) with SEBI for its proposed IPO. Campus Activewear plans to raise around Rs.1,800 crore and it will entirely be by way of an offer
Data Patterns (India) had a strong listing on 24th December and listed at a premium of 46.33. However, the stock could not hold on to the aggressive listing due to the weak sentiments in the market and gave up gains. The stock still closed well abov
In a continuation of the recent trend of consolidation in the Indian mutual fund segment, L&T Mutual Fund will be sold to HSBC Mutual Fund for a consideration of $425 million or approximately Rs.3,200 crore. In the last few years, severa
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