Due to the ongoing Corona virus pandemic, Burger King IPO has been postponed until further updates.
Bang bang OLA IPO. This is the buzz in the market.
Ola is planning for massive IPO. Watch this space for more details.
ANI Technologies the holding company of OLA is planning vigorously to make this issue a hit.
Already it has reported good improvement in bottom line.
After block buster CSB IPO Next on line is Ujjivan Bank IPO.
Price per share is Rs.36 to 37
IPO closes on December 4th.
Minimum purchase quantity is 400
HDFC Bank has become the first bank in India to cross 7 Lakh Market cap. HDFC bank has joined the elite club of Reliance Industries and TCS which have already crossed 7 lakh crore milestone.
There are market whispers that govt of india is planning to dilute its stake in Indian oil corporation (IOC) below the 50% mark.
The move is aimed to raise resources for the govt.
Vodafone has reported a heavy loss due to one time provisioning.
Vodafone banks heavily on the govt support now. Meanwhile Vodafone has completely written off its Indian investment in its books .￼
Are you interested in investing in Aramco IPO ?
Being in India, you have the possibility to invest in the IPO. Government has a way to do this. You can use Liberalised Remittance Scheme (LRS).
Under this scheme, Indians are allowed to transfer USD $250,000 during a financial year to another country, which can be used to buy stocks and debt instruments in foreign markets.
An other options is to invest through professional wealth managers. Fund houses like DSP, ICICI Prudential Mutual Fund, Franklin Templeton offer products which invests in Global companies.
After a long wait, MEDPLUS has launched IPO process.
Nature of Business: Online and Offline Pharmacy chain. The company currently operated 1750 pharmacies in major cities in 7 states. Company wants to utilise the proceeds for opening 3000 more pharmacies.
IPO Size: 700 Crores INR
Shareholding: Promoters hold 77% while Azim Premji is holding 13%
Financial Results: Medplus expects 2800 crores topline and an EBITA of 85 crores for this financial year.
Sun TV shares crash due to poor quarterly results even though growth was seen in both top line and bottom line. Growth was less than the expectations.
Advertising revenue was down 4% from a year ago at ₹350 crore. Subscription revenue rose 17% to ₹400 crore, but was below market estimates. Other expenses also had surged to 135%.