Page 8 - மீத்தேஷ் ஷா News Today : Breaking News, Live Updates & Top Stories | Vimarsana
[YS Learn] How Kochi-based startup Kerala Banana Chips started its fundraising journey with 100X VC
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Solar Analytics Startup Prescinto Raises $3 5 Mn In Seed Round
entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
India: Solar analytics startup Prescinto raises $3.5m in seed funding
Photo: Pixabay
March 17, 2021
Solar analytics startup, Prescinto, has raised $3.5 million as part of a seed round, led by Venture Catalysts. Inflection Point Ventures, Mumbai Angels and LetsVenture also participated as a part of this round.
With the funding, the company plans to expand in international markets like the US with a single-minded focus on performance enhancement.
Prescinto is an artificial intelligence (AI)-powered clean energy Software-as-a-service (SaaS) platform that helps increase production of power for solar power plants. Through its platform, Prescinto claims to increase solar power plant generation by almost 7%.
NEW DELHI: The IPO of Laxmi Organic was subscribed 6.05 times on the second day of the bidding process on Tuesday. The IPO was subscribed 2.28 times on the first day.
The issue received 19,68,68,270 bids as of 5:00 pm, against a total offer of 3,25,58,138 shares.
The issue is priced in the range of Rs 129-130 per share. Dealers of unlisted shares said the stock is trading at Rs 232-235 range in the grey market, meaning a premium of 81 per cent over the upper limit of the band price.
“At Rs 130, the stock is available at 48.8 times FY20 EPS. We believe valuations are on the higher side given it is a commodity business. We also believe that upcoming incremental opportunity from fluoro specialties division for three/four years forward is also largely discounted in the price and thus leaves limited opportunity on the table,” said Mitesh Shah and Dhavan Shah of ICICI Securities.
NEW DELHI: A rush of IPOs from businesses good and not so good, and aggressive pricing of such issues are considered important signs of an ageing bull market.
Dalal Street has currently been seeing strong subscriptions to all kinds of IPOs, many of which have been deemed aggressively priced. Worse, most of the IPOs with lofty valuations are also commanding strong premia in debut trade.
This, some market watchers say, suggests a bubble is building up in the IPO mart. “It’s a no-brainer! Investors are chasing listing gains and are unfazed by valuations. That calls for caution,” say analysts.
vimarsana © 2020. All Rights Reserved.