Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said. JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
FirstCrys IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through issuance of new shares and divestment of 54 million shares from existing investors.
Northern Arc Capital Limited files Draft Red Herring prospectus with SEBI for IPO to raise funds through issue of equity shares worth Rs 500 crore; offer for sale includes LeapFrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Augusta Investments II, Eight Roads Investments Mauritius II, Dvara Trust, 360 ONE Special Opportunities Fund, and Sumitomo Mitsui Banking; net proceeds to be used for onward lending to under-served households and businesses in India.
Dindigul Farm Products intends to start with production line of butter and hence it will be utilising Rs 12.22 crore from the net proceeds towards purchase of plant and machinery for production of butter.
Ola IPO: While Ola boasts a dominant market position and ambitious growth plans, potential hurdles like financial stability, fierce competition, and evolving government policies cast a shadow on the promising future.