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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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