A city-based entrepreneur, who tasted great success after a game developed by his company became wildly popular and topped a worldwide ranking for a brief period in 2019, is mulling to list his startup venture on the London Stock Exchange. Funcell Games and two other group companies created eight games that help the entity gain popularity in the US and the UK, the firm s promoter and CEO Abhishek Malpani said. The flagship game of the company has been Idle Human which topped the world ranking in the industry for seven consecutive days in August 2019 and is popular in the US, the UK, Australia and Canada. It still witnesses 20,000 downloads every day, he told PTI.
The Securities and Exchange Board of India (SEBI) has approved Paytm Payments Bank Limited s @Paytm unified payments interface (UPI) handle to enable payment mandates for initial public offerings (IPO) application. This will allow users to invest in capital markets through various brokerage platforms using their @Paytm UPI handle. Paytm Payments Bank has entered into a partnership with Paytm Money to enable payment mandates for IPO applications. Paytm Money, Paytm s stocks and mutual fund investment platform, aims to get more than 10 million users and 75 million yearly transactions in the coming financial year. “By enabling @paytm UPI to apply for IPO we are giving millions of investors the ease of seamless, secure, and rapid payments to help enhance their financial portfolio. We believe that every Indian has a right to access capital markets and benefit from the burgeoning list of successful companies which are listing in the stock market,” said Satish Gupta, MD and CEO
Speciality chemicals manufacturer Laxmi Organic Industries initial public offer was subscribed 2.28 times on the first day of subscription on Monday. The initial public offer (IPO) received bids for 7,42,26,635 shares against 3,25,58,138 shares on offer, according to data available with the NSE. The portion meant for qualified institutional buyers (QIBs) was subscribed 1 per cent, non-institutional investors 49 per cent and those for retail individual investors (RIIs) 4.34 times. The initial public offer aggregating up to Rs 600 crore comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore. The price range for the Mumbai-based company s offer is Rs 129-130 per share.
The initial public offer of speciality chemicals company Anupam Rasayan India was subscribed 3.64 times on the second day of subscription on Monday. The Rs 760-crore issue received bids for 3,53,30,067 shares against 97,01,809 shares on offer, as per NSE data. The portion for qualified institutional buyers (QIBs) was subscribed 37 per cent, non-institutional investors 1.39 times and retail individual investors (RIIs) 6.60 times. The price range for the offer, which started on Friday, has been fixed at Rs 553- 555 per share. Anupam Rasayan had on Wednesday raised Rs 225 crore from anchor investors. The initial public offer (IPO) is an entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt.
Read more about Auto parts maker Craftsman Automation IPO subscribed 55% on Day 1 on Business Standard. The initial public offer of auto component maker Craftsman Automation received 55 per cent subscription on the first day of bidding on Monday.