IPO
- Business
IPO-bound Swiggy’s losses widen to Rs 4,179 cr in FY23, revenue up 45%
New Delhi: Online food delivery platform Swiggy’s net losses expanded to reach Rs 4,179 crore in the financial year ended March 31, 2023. The IPO-bound Swiggy’s operating revenue jumped around 45 per…
- News
Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 via IPO: Report
New Delhi: Homegrown electric two-wheeler manufacturer Ola Electric has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI), a media report said on…
- Middle East
Dubai Taxi to offer 24.99% stake in IPO
Abu Dhabi: Dubai Taxi Company (DTC) has announced the launch of its initial public offering (IPO), offering 624,750,000 shares, which represents 24.99 percent of its capital, Dubai Media Office (DMO) reported. The…
- Hyderabad
ED arrests 3 under PMLA in IPO scam involving Hyderabad firm
Hyderabad: The Directorate of Enforcement (ED) has apprehended Nirmal Kotecha, Pavan Kuchana, and Kishore Tapadia under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with the Initial Public…
- Middle East
Abu Dhabi-based LuLu Group to launch IPO in first half of 2024
Abu Dhabi-based leading hypermarket chain and mall operator in the Middle East, LuLu Group International, expects to launch its initial public offering (IPO) in the first half of 2024. Speaking to media on…
- Middle East
Lulu Group to raise Rs 22,500 crore ahead of IPO listing
Abu Dhabi-based leading hypermarket chain and mall operator in the Middle East, LuLu Group International, is seeking to raise Dirhams 10 billion (Rs 22,500 crore), ahead of a possible initial public offering (IPO)…
- Business
IPO-bound Ola Electric recorded operating loss of $136 mn in FY23: Report
New Delhi: IPO-bound Ola Electric has reportedly recorded an operating loss of $136 million (roughly Rs 1,116 crore) and revenue of $335 million (roughly Rs 2,750 crore), missing its revenue goal disclosed…
- Technology
Alibaba to make significant job cuts amid IPO plans
Hong Kong: Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 percent of its workforce, as it plans separate IPOs for its various business groups. In March, Alibaba Group…
- India
Hindenburg Research’s expose: Adani Group to go forward with planned IPO
As the Adani Group tries to grapple with the Hindenburg Research report that accused them of financial fraud, mounting debts and offshore tax havens, the former has announced that it will go…
- Business
IPO fundraising in India halves in 2022
New Delhi: Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilised by 63 IPOs in 2021, according…
- Business
CarDekho logs Rs 1,600 cr in revenue in FY22, narrows losses by 28%
New Delhi: IPO-bound car search platform CarDekho Group on Monday said it registered 81 per cent growth in consolidated revenue from operations, increasing to Rs 1,598 crore in FY22 from Rs 884…
- Business
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover
New Delhi: Former BharatPe co-founder and managing director Ashneer Grover has revealed he made a cool Rs 2.25 crore from Zomato IPO within 8 minutes of its opening in July last year.…
- Technology
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
New Delhi: As hospitality major OYO firms up plans for its initial public offering (IPO), financial services company Jefferies says that while the company saw one of the strongest first quarters in…
- Business
Bajaj Electronics IPO to remain open till October 7
Mumbai: The Initial Public Offering (IPO) of Electronic Mart India Limited (EMIL), (Bajaj Electronics) will remain open till October 7. The price band for a share of EMIL has been fixed at…
- Business
IPO-bound OYO acquires Denmark’s holiday home chain Bornholmske Feriehuse
London: In line with its commitment to the ‘Invest in Denmark’ initiative, online hospitality major OYO has acquired Europe-based holiday homes operator Bornholmske Feriehuse, which aims to accelerate the growth of travel…
