Sequoia India and Southeast Asia raise $2.85 billion to empower founders
"This fundraise, which comes at a time when markets are starting to cool after a very long bull run, signals our deep commitment to the region and the faith our Limited Partners have in the long-term growth story of India and Southeast Asia," the company said in a statement on Tuesday. The region's startup ecosystem has grown rapidly in the last decade, thanks to the acceleration of digital adoption and rising consumer incomes.
FHRAI asks SEBI to axe Oyo's IPO citing massive losses
FHRAI cautioned that Oyo’s IPO will allegedly wipe out public wealth whereas enriching its founders and key administration. As per reviews, Oyo incurred losses of Rs 3943.84 crore in FY20-21, translating to a lack of over Rs 76,077 each minute. In accordance with the highest lodge business physique, since its inception in 2013, Oyo has been operating in losses and its whole turnover fell a drastic 69 per cent from Rs 13,413 crore in 2020 to Rs 4,157 crore in 2021.
LIC IPO Day 5: Overall issue subscribed 1.79 times
The issue opened for subscription on Wednesday (May 4) and continues to see strong interest from all investor categories. The portion reserved for eligible policy holders was subscribed 5.04 times, reservation for eligible employees was subscribed 3.79 times, retail category was subscribed 1.59 times, the non-institutional category witnessed subscription of 1.24 times, and qualified institutional buyers category saw subscription of 0.67 times.
LIC IPO Day 3: QIB sees halfway mark, NII subscribed 76%, overall issue 1.38 times
The issue opened for subscription on Wednesday, and continues to see a strong interest from all investor categories. The portion reserved for eligible policy holders was subscribed 4.01 times, reservation for eligible employees was subscribed 3.06 times, retail category was subscribed 1.23 times, the non-institutional investor (NII) category witnessed subscription of 0.76 times, and qualified institutional buyers (QIB) category saw subscription of 0.56 times.
LIC IPO Day 2: Issue subscribed 1.02 times, policyholders' quota over 3 times
It received bids for 16.48 crore equity shares against offer size of 16.2 crore equity shares, reports said. The portion alloted for policyholders portion has been subscribed 3.07 times, employees 2.2 times, and retail investors subscribed 92 per cent, while QIBs at 40 per cent. The long-awaited Initial Public Offering (IPO) for the LIC will remain open for subscription till May 9.
Dalal Street in focus as LIC IPO opens for subscription
The long-awaited Initial Public Offering (IPO) for the LIC will remain open to subscription till May 9. The government has brought down the issue size from 5 per cent to 3.5 per cent. It will be a landmark public issue in the history of the Indian capital market and is poised to be India's biggest IPO till date.
Domestic mutual funds invest Rs 4,002 cr in LIC IPO under anchor quota
SBI Mutual Fund reportedly invested around Rs 1,007 crore, becoming the largest investor in the anchor book quota.The insurance major mobilised a total of Rs 5,627 crore from anchor investors on Monday. An anchor investor in an IPO is a qualified institutional buyer (QIB) which invests before the IPO is made available to the public, as per market regulator SEBI's regulations, in order to instill confidence among investors.