Paytm files for mega Rs 16,600 cr IPO with SEBI sify.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sify.com Daily Mail and Mail on Sunday newspapers.
The Rs 9,375-crore public issue will open for subscription on July 14 and close on July 16. Retail investors will have 935 crore shares or 10 per cent of the issue size ear-marked for themselves.
Of the net issue, 75 per cent is reserved for qualified institutional buyers (QIBs), whereas remaining 15 per cent stake will be alloted to non-institutional investors (NIIs).
The loss-making company has stated that it intends to use proceeds from the public issue to fund organic and inorganic growth opportunities. The company said that it is a professionally managed firm and does not have an identifiable promoter.
Zomato’s IPO will be among the first from the list of unicorn start-ups in India and the first of an online food aggregator. The IPO is likely to value the online food aggregator at close to $9 billion.
NEW DELHI: Zomato s Rs 9,375 crore initial public offering (IPO) will hit the market on July 14. This would be the second-biggest IPO since SBI Cards and Payment Services’ Rs 10,341 crore issue in March 2020.
Calendar 2017 s Rs 11,370 crore offering by General Insurance Corporation of India s IPO and the Rs 9,600 crore issue by New India Assurance were some of the mega IPOs of recent years, with the Rs 15,475 crore Coal India issue in 2010 still being the chart topper as the biggest ever.
Here are key things you should know about the Zomato IPO.
When will the Zomato IPO open for subscription?
Zomato IPO will open for subscription on Wednesday, July 14, and will close on Friday, July 16.
Go First: আইপিও আনার পথে Go First - go air files for ipo as go first indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Goldman-backed ReNew Power to list on Nasdaq via $8 billion SPAC deal
The fund proceeds will be used to support ReNew s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt
Chitranjan Kumar | February 24, 2021 | Updated 19:52 IST
ReNew Power s deal with RMG Acquisition Corporation II is expected to close in the second quarter of 2021
ReNew Power, India s biggest renewable power producer, has decided to go public in the US through a merger with a special purpose acquisition company (SPAC) at a valuation of around $8 billion. Goldman Sachs Group-backed ReNew has entered into a merger agreement with RMG Acquisition Corporation II (RMG II) and the combined entity would be publicly listed on the Nasdaq, an American stock exchange. The deal is expected to close in the second quarter of 2021, subject to customary closing conditions.