Tag Archives: Initial Public Offering

Ebixcash has filed draft papers with Securities and Exchange Board of India (Sebi) for ₹6,000 crore IPO. The initial public offering (IPO) comprises of fresh equity issue aggregating up to ₹6,000 crore. Further, the issue includes a reservation of part equity shares for subscription by eligible employees. The employee reservation portion will not exceed 5% of post-issue paid-up equity share capital. Also, the company may explore a pre-IPO placement of up to ₹1,200 crore. If such a placement is completed, the issue size will be reduced.

Around 13 companies are sitting with approvals from (SEBI) for their Initial Public Offering (IPOs), which could result in over Rs 13,000 worth of public issues into the primary market. These companies include Go Air, Pradeep Phosphates, and Fincare Small Finance Bank, which could soon come with the public issues, revealed Axis Capital. Within this financial year, around 24 companies have successfully made their stock exchange debuts.

In all likelihood, the Adani Group may come out with an Initial Public Offering (IPO) for its airport business that is owned Adani Enterprises as Adani Airports Holdings. The airport business may become an entity separate from the holding Adani Enterprises. Before the launch, the Group is looking to raise $500 million on a private placement basis.