Proceeds from the issue would be utilised towards repayment or pre-payment of borrowing and general corporate purposes
Tatva has issued fresh proceeds towards funding capital expenditure for company expansion and upgradation of research and development
The shareholders have approved the proposal to raise capital and the fresh issue of shares of up to Rs 12,000 crore during the IPO
Investors are waiting on the side-lines in anticipation of a correction. When everyone fears correction, markets rarely go that way.
The grey market premium has almost halved to Rs 10.50 compared to Rs 18 when the company announced its IPO dates and price band.
Zomato last week said it plans to raise Rs 9,375 crore through an initial share sale that will open for subscription from July 14-16
While last week was a volatile one with the Nifty slipping to 15,630 kind of levels
The IPO proceeds are to be utilised for organic growth, merger and acquisition and other general corporate purposes
Zomato's valuation post-IPO on a fully-diluted basis will be Rs 64,365 crore, far more than the other listed companies in the food segment
Does the current excitement indicate the end of an upcycle? Generally, markets have made intermediate tops when they reach a state of excess