The company currently operates across 24 states and is present in over 170 cities. While Monika Alcobev has established a solid base in major metro…
TFS shares were priced at the upper end of the band at ₹1,100, valuing the company at ₹14,485 crore.
The offering, entirely an offer for sale (OFS), aims to raise Rs 2,000 crore. Since it is fully an OFS by the promoter Kapur Family Trust, the…
This development comes as Rebel Foods undertakes operational restructuring, including the closure of its offices in Gurugram and Bengaluru.
The IPO is structured with up to 50 percent of the offer reserved for qualified institutional buyers (QIBs), at least 35 percent for retail investors…
The IPO is an entirely offer-for-sale (OFS) by the promoter, Kapur Family Trust, with no fresh issue component.
The public issue includes a fresh issue of equity shares worth up to Rs 160 crore, alongside an Offer For Sale (OFS) of up to 11,953,535 equity…
The IPO with a face value of Re 1 is entirely an offer for sale of up to Rs 2,000 crore by Kapur Family Trust. The offer includes reservations for…
The IPO with a face value of Re 1 is entirely an offer for sale of up to Rs 2,000 crore by Kapur Family Trust. The offer includes reservations for…
Viral Bhatt, Founder of Money Mantra, also acknowledged Zomato's strong brand position and diversified business model as key factors offering…
High net worth individuals (HNIs) subscribed to 6 percent of their designated portion, retail investors contributed 54 percent, and employees…
The fresh issue size for Swiggy’s IPO has been revised to Rs 4,499 crore, an increase from the previously proposed Rs 3,750 crore, yet still within…
This adjustment comes as market volatility and the underwhelming debut of Hyundai India affect investor sentiment, according to two sources.
The company is currently getting ready to submit its Draft Red Herring Prospectus (DRHP) to the stock exchange.
According to the DRHP the proceeds of the IPO will be used for investment in its subsidiary Scootsy, for expansion of its dark store network for its quick commerce segment, setting up dark stores, investment in technology and cloud infrastructure and funding its inorganic growth.
Swiggy plans to raise Rs 11,000 crore through a new offering valued at Rs 5,000 crore.
The Bengaluru-based company aims to raise over $1 billion through the IPO, pending approval from India’s Securities and Exchange Board of India (SEBI).
The decision to increase the fundraising target will be discussed at an extraordinary general meeting (EGM) scheduled for October 3, according to a formal notice sent to shareholders.
In comparison, Zomato’s overall revenue for FY24 surged by 71 percent to Rs 12,114 crore. Of this, Rs 6,161 crore came from its food delivery business, while Blinkit added Rs 2,301 crore from quick commerce.
The company aims to raise between $1 billion and $1.2 billion through this offering, making it one of the most substantial IPOs in India this year.
This significant step marks a pivotal moment for the company as it continues to expand its presence in the retail and hospitality sectors across India.
Started in 2014, Swiggy has a valuation of USD 12.7 billion as on April 10, 2024. Its annual revenue stood at USD 1.09 billion as on March 31, 2023.
Swiggy is part of a cohort of modern internet firms aiming to debut on public stock exchanges.
According to the document, losses amounted to 17.3 billion rupees (equivalent to USD 207 million) for the period spanning from April to December 2023, marking the initial nine months of the fiscal year 2023-24.
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