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Nykaa IPO heavily oversubscribed by anchor investors Indian cosmetics to fashion startup received bids for 40 times the number of shares it plans to sell to anchor investors in its initial public offering (IPO), a source with direct knowledge said on Wednesday, indicating strong interest in the sale. Investment firm Blackrock Capital Group and asset ....
Going ahead, Nat Habit is aiming to be EBITDA profitable over the next 17-18 months. Presently, 55 per cent of the brand’s revenue comes from its own D2C site and the balance comes from e-commerce marketplaces. The brand is seeing 30 per cent of its business come from smaller cities and tier-2 markets. Additionally, it is aiming to reach an ARR of Rs 350-370 crore over the next two years. With a presence in tier 1, tier 2, and tier 3 cities, Nat Habit serves nearly 14 lakh customers and ships 15,000 units per day across 35 product lines ....
Zomato slides closer to listing price; falls 13% in 4 sessions : Rashtra News #Zomato #slides #closer #listing #price #falls #sessions NEW DELHI: For the first time since its market debut, shares have dropped close to their listing price, largely because of non-stop selling in the last four sessions. On Friday, the scrip fell another ....
Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands. Founders of VLCC – Vandana and husband Mukesh Luthra who owned 95% of the company prior to the Carlyle deal – retained a 30% stake with the management team holding 4%. ....
Aditya Arora recommends buying Reliance at Rs 2970, stop loss Rs 2900, target Rs 3070. Cipla at Rs 1471, stop loss Rs 1430, target Rs 1540. He further says that "The whole cement pack and anything related to capital and infrastructure, heavy goods and anything related to realty, infrastructure is doing pretty well." ....