Reliance Jio likely to head for mega IPO in 2025: Jefferies
The note said Jio could list at a USD 112 billion valuation and add 7-15% upside to the Reliance Industries share price.
The note said Jio could list at a USD 112 billion valuation and add 7-15% upside to the Reliance Industries share price.
Hyundai Motor, South Korea's leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data on Sunday, as it has filed for an initial public offering (IPO) worth Rs 25,000 crore for its India unit.
The lot size of the IPO is 161 shares. To bid in the IPO, retail investors will have to invest Rs 14,973.
In its new filings, Baron Capital mentioned that it had increased the value of its share in Swiggy to $87.2 million, up from its original $76.7 million investment in the company, reported TechCrunch on Friday.
The firm, backed by cricketer Virat Kohli and his wife Anushka Sharma, hit many hurdles over compliance issues resulting in a delayed approval for the public offer.
In total, 243 companies were listed on Indian bourses in the year ended December 31, 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data.
For its IPO process, the company is likely to have picked seven investment banks, including Kotak Mahindra Capital, Citi and JPMorgan, Bofa Securities, Jefferies, among others.
E-commerce enablement SaaS platform Unicommerce has filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO).
While FirstCry is likely to list only after the 2024 general elections, Ola Electric's management has already begun roadshows with both domestic and international investors.
According to the reports, the company is looking to list at a valuation of more than $7 billion by early 2024.
