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In an interesting move, the government of India on Monday has filed updated draft papers with SEBI pertaining to its initial public offer. The updated filing by the government also incorporates the financials of LIC for December 2021 quarter. The

Corrtech International, a company engaged in providing pipeline laying solutions to institutional and corporate customers, has filed its draft red herring prospectus (DRHP) with SEBI for its proposed IPO. The filing of the DRHP was done by Corrtech I

If you are wondering as to why the stock of Ruchi Soya Industries is down nearly 10 in early trades on Monday, 21st March, it is due to the FPO pricing. For instance, the follow-on public offer (FPO) of Ruchi Soya has been set in the price band of R

Hyderabad based Rainbow Children’s Medicare, which had filed its draft red herring prospectus (DRHP) with SEBI during the last quarter of the previous year, has got SEBI approval. Normally, SEBI takes about 2-3 months to approve the IPO draft appli

The government of India now has time till the 12th of May to launch the LIC IPO without seeking any fresh approvals. The current approval for the LIC IPO given by SEBI will be valid till 12th May and during this period, the government can go ahead wi

The dates for the follow-on public offer (FPO) of Ruchi Soya have finally been announced. It had been in the works for a long time but had to be repeatedly put off due to unfavourable market conditions. Now, the company has announced that the Rs.4,30

CDSL, Century Textiles, and ERIS have witnessed volume burst in the last 75 minutes of the trade. As the saying goes, the first, as well as the last hour of each trading session, is the most important and active in te

Sachin Bansal hardly needs any introduction in start-up circles in India. He was the co-founder of Flipkart along with Binny Bansal before they exited the company by selling their stake to Wal-Mart. Sachin Bansal had used some of these funds to bankr

In what would go down as the quickest approval of a draft red herring prospectus filed by a potential issuer, SEBI cleared the IPO of Life Insurance Corporation of India in 22 days flat. This was despite the changes that happened at the top in SEBI.

As of now, the final word from the government is still awaited on the LIC IPO. They were supposed to announce the actual LIC IPO details last week, but that has already passed and hopefully the details should be divulged in the current week. How

In the last few years, applying for an IPO with your trading account has almost become like a breeze. The IPO allotment process and the listing dates have been substantially compressed and everything is automated and digitally driven. Amidst these sl

Biocon Biologics, the biosimilar unit of the Biocon group, is planning an IPO in the next 18 to 24 months. However, prior to the IPO, Biocon Biologicals plans to substantially expand its valuations by acquiring the biosimilars business of Viatris Inc