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MUMBAI: PhonePe has secured go ahead from markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), said people aware of the matter. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). An OFS allows existing company shareholders to offload…
The Securities and Exchange Board of India (Sebi) has “in-principle” agreed to the settlement plea filed by the National Stock Exchange (NSE) in the long-running unfair market access case, a development that could finally clear the regulatory hurdle for the country’s largest stock exchange to launch its much-delayed initial public offering (IPO), reported PTI.Sebi chairman…
The initial public offering of Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, was subscribed 33.6 times on the second day of bidding on Monday, reflecting strong demand from non-institutional and retail investors, exchange data showed.The Rs 1,071-crore issue received bids for 11,65,79,29,200 shares against 34,69,46,500 shares on offer, according to data available with…
OpenAI CEO Sam Altman has revealed that he has zero interest in leading a publicly traded company, despite acknowledging that the ChatGPT maker will likely need to go public to secure capital and manage growth. Speaking on the “Big Technology Podcast” last month, Altman said, “Am I excited to be a public company CEO? 0%.”…
SS Retail files papers for Rs 500 crore IPO NEW DELHI: Mobile retail company SS Retail has filed preliminary papers with capital markets regulator Sebi to raise Rs 500 crore through its initial public offering (IPO). The company’s maiden public offering will be a combination of fresh issue of shares worth Rs 300 crore, along…
NEW DELHI: Popular quick e-commerce firm Zepto filed its preliminary papers on Saturday with Securities Exchange Board of India (Sebi), aiming to raise Rs 11,000 crore via initial public offering (IPO).The company, founded by Stanford university dropouts, is using a confidential route for its stock market debut planned for next year, according to officials cited…
IT electronics refurbishing company EPW India on Saturday said it has raised Rs 9.04 crore from anchor investors ahead of the launch of its initial share-sale for public subscription. The company has allotted over 9.32 lakh equity shares to Resonance Opportunities Fund, Universal Golden Fund and Getfive Opportunity Fund – I at an anchor investor…
ICICI Prudential Asset Management Company (AMC) made a strong debut at the stock market on Friday, with a premium of 20%. The share is available for trading at both benchmark indices, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). On NSE, ICICI Prudential AMC stock was trading at 2,605.10, up 5.10 points or…
The richest man in the world could more than double his $460.6 billion fortune if SpaceX succeeds in going public next year at a valuation of $1.5 trillion.SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest…
Image used for representative purposes SpaceX is reportedly proceeding with an internal share sale that values Elon Musk‘s space technology company at approximately $800 billion, potentially setting the stage for the largest initial public offering in history.According to a company communication cited by Bloomberg on Friday, SpaceX is considering a public listing in 2026. The…
