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Shadowfax Technologies, a leading logistics and delivery service provider based in Bangalore, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The total issue size is expected to be in the range of ₹2,000 crore to ₹2,500 crore. As per the DRHP, the IPO is likely to […]

The Ministry of Finance has asked PSU to list their subsidiaries on the stock markets. About 15 companies are preparing for the IPO. The Ministry issued the directive as a component of a broader plan to increase returns on state-owned capital, unlock value, and strengthen governance. These banks are likely to launch IPOs of subsidiaries […]

PhonePe, India’s leading digital payments platform and a subsidiary of Walmart Inc., is preparing to file its draft red herring prospectus (DRHP) with Indian regulators by early August. The company aims to raise up to $1.5 billion through an initial public offering (IPO), which could value the fintech major at approximately $15 billion, according to […]

Ecommerce platform, Meesho, is getting ready to submit a confidential IPO application in Mumbai in the coming weeks. Moving its headquarters from Delaware USA to India can be considered a necessary step in the process. The estimated IPO issue size for Meesho is $700 to $800 million. Despite difficult market conditions, the Softbank backed startup […]

National Securities Depository Ltd (NSDL), the first electronic securities depository in India, is proceeding with its IPO to raise Rs 3421.6 crores. As per the DRHP, 50.1 million shares will be included in the offer. The IPO is set as an offer for sale by the current shareholders that include State Bank of India, National […]

Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a ₹ 220 crores Initial Public Offering (IPO). The issue closes today, May 30, 2025. The IPO is oversubscribed close to 7 times. The retail investors have applied for over 384 lakh shares against the 55 lakh shares […]

Nikhil sharing his view on the market – Zee business channel 

India volatile: Rupee fell to 61.19, sensex shed 309.90 pts By Ravi Ranjan Prasad Jul 08 2013 , Mumbai The volatile rupee touched a low of Rs 61.19/20 to a dollar intra-day on Monday, forcing stock market investors to go short with no support for the currency forthcoming. Sensex shed 309.90 points to hit the day’s […]

Discount broking makes a comeback By Ravi Ranjan Prasad Feb 03 2013 , Mumbai Brokerages offer flat rates, low broking charges to woo clients Discount broking is slowly making a comeback to the Indian capital market. Quite popular in the west, discount broking offers a better option for traders with fixed broking charge per trade and […]