Five IPOs to open next week; companies eye close to โน2,600 crore
These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat
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These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat
Jio Platforms Ltd.โs $3.1 billion initial public offering drew strong demand, particularly from institutional investors, as the countryโs biggest-ever share sale defied the drag of a weeklong selloff in Indian equities.
In a rare move for an Indian initial public offering, SBI Securities is offering a leveraged bet on the deal of Jio Platforms Ltd. โ a sign of the intense competition among brokerages as the excitement over the debut is building to a fever pitch.
Carlsberg A/S is preparing to publicly file documents for an initial public offering of its India business, which could raise as much as $700 million, as early as this week, according to people familiar with the matter.
The issue has already drawn $854 million from anchor investors including marquee names such as BlackRock, Fidelity, and Capital Group.
The coming launch of Indiaโs largest-ever initial public offering (IPO) will test investor confidence in the countryโs leading telecoms operator, Jio Platforms, the digital arm of billionaire Mukesh Ambaniโs Reliance Industries. Jioโs public share offer on Wednesday comes close on the heels of an escalating row between Ambani and Elon Musk. The SpaceX founder has accused the Indian industrialist of using monopolistic influence to block Starlinkโs entry into India โ a charge Reliance has denied,...
For generations of Indians, Reliance Industries Ltd. was their introduction to the stock market. Founder Dhirubhai Ambani drew middle-income savers into shares, building a following that endured for decades.