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Paytm is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday
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The report says its board may meet on May 28 to formally approve the IPO
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Converting this fund into an open-ended one will give a wider base of investors access to this fund thereby democratizing the IPO opportunities for these investors
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India’s organized food services market is expected to grow at about 10.5% CAGR to $37 billion over FY2020-25E, capturing a 46% market share, up from 40% at present
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Government may sell up to 5.8 crore shares at the floor price of Rs 680 per share, and raise up to Rs 3,949.34 crore via OFS
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The CarTrade platform allows customers to buy and sell used cars as well as new cars.
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DIL also owns brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar.
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Proceeds from the fresh issue will be used for funding capital expenditure requirements, repay debt and general corporate purpose
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The IPO market is described as a primary market where firms look to access long-term capital
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Edelweiss Financial Services, Axis Capital, ICICI Securities, JM Financial and Yes Securities (India) are appointed as investment bankers to the issue.