New Delhi: To check any misuse of funds raised through IPOs, regulator Sebi plans to make it mandatory for all companies to appoint a monitoring agency to keep a tab on use of the capital raised through share sale. Under the present norms, such a monitoring agency — which could be a bank or…
Tag: IPO
Seed stage investor Idein Ventures to back 16 Indian start-ups in 2017
Idein Ventures – which recently invested in Hyderabad-based medical tourism startup Oxa – is betting big on India startups with a mandate to invest in 16 companies this year. The VC firm invests in UAE and is exploring global companies in the US apart from expanding into Israel. Idein Ventures, w…
At Rs 51.25 cr Euro India IPO biggest ever on SME platform
Mumbai: Surat based Euro India Fresh Foods (Euro India) completed the biggest IPO on any of the SME platforms in India with a Rs 51.25 crore offer. On Friday, the stock was listed on NSE Emerge platform at Rs 82.35 and closed at Rs 89.95. The shares were offered at Rs 78, a release from [……
BSE SME Exchange at the heart of the small scrip blockbuster: Ajay Thakur
“Manufacturing sector drives momentum; Maharashtra & Gujarat big traffic drivers” Blockbusters are not the sole preserve of Bollywood. Mumbai is home to another creative blockbuster in the making. Most importantly this blockbuster is taking shape on the might of the small scrip. Small and med…
SME IPO update : Manomay Tex India to soon list on BSE SME
Manomay Tex India Ltd (MTIL) will be listing soon on the BSE SME platform. The BSE SME IPO will open for subscription on March 15, 2017 and will close for subscription on Mar 20, 2017. MTIL is engaged in manufacturing and sale of denim fabrics with a national presence and exposure to internationa…
एनएसई व बीएसई के SME प्लेटफॉर्म में मजबूती
देश के छोटे व मझोले उद्यम (एसएमई) अपनी बढ़त की खातिर रकम की जरूरत के लिए इक्विटी पर ज्यादा ध्यान दे रहे हैं। उद्योग के जानकारों ने कहा कि सरकार और एक्सचेंजों की तरफ से की गई पहल एसएमई क्षेत्र को इक्विटी के जरिए रकम जुटाना ज्यादा आसान बना दिया है, जो मोटे तौर पर […]
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Logistics tech start-up Delhivery may rake in $100 mn in pre-IPO funding
Mumbai: Five-year-old e-commerce logistics startup, Delhivery may close a $100 million or Rs 670 crore pre-IPO fund raise which has attracted the interest of private equity biggie Carlyle group, China’s Fosun and Goldman Sachs Investment Partners, people familiar with the matter. The Gurgao…
Three SME IPOs to hit capital market to raise about Rs 39 cr
To tap upbeat investor sentiment, three Small and Medium Enterprises (SMEs) – Nitiraj Engineers, Global Education and Tanvi Foods – will come out with their initial public offerings (IPOs) this Februrary to raise about Rs 39 crore. Besides, the initial share sale plan of Krishana Phos…
Ford to invest $1 bn in Artificial Intelligence start-up
Ford Motor Co. is investing $1 billion over the next five years in artificial intelligence startup Argo AI to help build the brains of its robot cars. The Pittsburgh company, founded last year, specializes in robotics and virtual driver systems. It will compliment Ford’s autonomous vehicle …
BSE creates history! Lists at Rs 1,085, 34.62% premium over issue price
New Delhi: Asia’s oldest stock exchange BSE created history on February 3rd, as its shares got listed at a 34.62 per cent premium on rival NSE at Rs 1,085 compared with an issue price of Rs 806. At 10.02 am, the stock was trading 40.19 per cent higher at Rs 1,130. This is the first-ever [……