Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3 million), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch that it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a…
Zoho Corporation‘s Chief Scientist, Sridhar Vembu, has issued a sobering assessment of the current state of the Indian IT industry. Known for his candid views on social media, Vembu recently reacted to the disappointing quarterly results of major IT firms like TCS, Infosys, and Wipro, arguing that the downturn is neither just cyclical nor driven…
Zepto founder and CEO Aadit Palicha, in a recent LinkedIn post, highlighted the opportunity in logistics to create a “Delhivery for fruits and vegetables (FnV)”. Gurgaon-based new-age logistics and supply chain company Delhivery services ecommerce and consumer goods firms. “As quick commerce scales, there is a serious opportunity in logistics to build a ‘Delhivery for…
The stake sale may be carried out in multiple small tranches rather than a single offering during the upcoming fiscal year, provided market conditions are favourable, as the Centre aims to maximize the value of its shareholding in the insurer. “The government wants to maximize the value of LIC stock. Given the company’s size and…
Last Updated:December 19, 2024, 18:41 IST The IPOs are Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems. Among the five IPOs, the GMP is highest for Mamata Machinery at 82.3 per cent, while that of Concord Enviro Systems is the lowest at 9.99 per cent. IPO Alert, GMP Today, Subscription…
Shweta Rajpal Kohli, a former employee of venture capital firm Peak XV Partners, on Thursday, launched Startup Policy Forum (SPF) to foster constructive collaboration between founders, policymakers, and regulators. In the initial phase, the forum will limit its members to 100 select startups and may eventually increase its membership count. It already includes prominent startups…
Suraksha Diagnostic Limited raised ₹253 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Thursday, November 28. The company has allocated 57.56 lakh shares to the anchor investors at an allocation price of ₹441 per equity share with a face value of ₹2 apiece. The anchor…
One of the most awaited NTPC Green Energy Ltd’s initial public offering (IPO) is poised to make its Dalal Street debut this week on Wednesday, November 27. The state-owned renewable energy giant is expected to finalise its shares allotment to the investors on Monday, November 25. Successful bidders from the public issue can expect their…
