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IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr
Two companies Indian Railway Finance Corporation and Sequoia Capital-backed Indigo Paints are set to hit the market with their initial share-sale offers this week to raise an estimated over Rs 5,800 crore. The companies are expecting to benefit from an equity market, which is flush with liquidity and has seen a sharp increase in new retail investors.
The three-day initial share-sale of Indian Railway Finance Corporation (IRFC) would be open for public subscription during January 18-20, while the IPO of Indigo Paints would open on January 20 and conclude on January 22. IRFC IPO comprises up to 178.20 crore shares, comprising a fresh issue of up to 118.80 crore and offer-for-sale of up to 59.40 crore shares by the government.
LONDON: After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question won t go away: how much is bitcoin actually worth?
The virtual currency barrelled to new highs to rise more than 400% over the past year, before promptly sliding some 20% and then settling around $36,000.
When it started life in 2009 as open-source software, bitcoin was essentially worth zero though within a year it had reached the heady heights of eight cents.
At today s market rates, bloated by a surge in institutional demand, the digital unit s market capitalisation is worth some $670 billion with myriad other crypto coins such as ethereum lifting the sector nominally close to the trillion mark.
IRFC's Rs 4,600 crore IPO to open on January 18, here's all you should know - State-owned IRFC aims to raise Rs 4,634-crore from the IPO. It will be the first public issue of the new calendar year 2021.