ET : Eyewear retailer Lenskart Solutions has set the Street abuzz with a blockbuster response for its IPO, attracting bids worth over Rs 1 lakh crore despite concerns that its valuation might be too steep. The company’s Rs 7,278 crore issue received an overwhelming response from all investor categories.
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June 11 SUMMARY The CNBC TV18 article highlights a robust IPO pipeline for 2025 in India, with 72 companies having received SEBI clearance to raise ₹1.4 lakh crore. Key details of Prominent IPOs HDB Financial Services: Plans to raise ₹12,500 crore through a mix of ₹2,500 crore fresh issue and ₹10,000 crore offer for sale (OFS) by HDFC Bank. Hero FinCorp: Approved for a ₹3,668 crore IPO, with ₹2,100 crore as a fresh issue and ₹1,568 crore via OFS. Vikram Solar: Cleared for a...
May 22 About the Company Borana Weaves Ltd., established in 2020 and based in Surat, Gujarat, specializes in manufacturing unbleached synthetic grey fabric. This fabric serves as a foundational material for further processing in industries like fashion, home décor, and technical textiles. The company has invested in advanced water jet loom technology to enhance production efficiency and product quality. IPO Details Issue Size: ₹144.89 crore (entirely fresh issue of 67.08 lakh equity shares) Price Band:...
June 16 India’s second-largest passenger vehicle maker South Korea’s Hyundai is to launch an IPO to raise around 25000 crore rupees or 3 billion dollars by the sale of 17.5% of the parent company’s stake. Based on this data, Hyundai India is expected to be valued between $22-$28 billion. It would be India’s biggest IPO so far as the last IPO as big as Hyundai was of LIC when it raised $2.7 bn in 2022. The issue is entirely an offer for sale by the parent company which is expected to sell 14 to 15...
May 02 You would be familiar with Eyewear brand Lenskart. The company was founded in 2010 by Peyush Bansal and his friends Amit Chaudhary and Sumeet Kapahi with the aim of revolutionizing the eyewear industry by providing customers with high-quality, affordable eyewear. Since it was founded it has received numerous investments. In 2011, IDG Ventures India invested $4 million in the company. In January 2015, the company raised ₹135 crore from venture capitalist companies like TPG Growth, TR Capital and IDG Ventures India....
May 01 The month of may is filled with many IPOs. Lets have a look on them. The first is the Indegene IPO who will launch its IPO on May 6. This company helps the emerging biotech and medical device companies develop products and get them to the market. It provides digital services to the life sciences industry. The issue size is Rs 1,842-crore and the price band has been fixed at Rs 430-452 per share. The IPO closes on May 8, comprises a fresh issue of equity shares worth Rs 760 crore and an...
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