Search Results for:Swaraj Singh Dhanjal
Of the six companies that were listed since January, three are trading below their issue price.
Venture capital firm Sapphire Ventures has previously invested in companies such as Paytm, Just Dial and Newgen Software Technologies. The company, which was once the corporate venture capital arm of enterprise software giant SAP, is currently investing out of its third fund with a corpus of $1 billion.
IPO-bound firms raised almost $600 million in 2017, led by the $383-million funding by a Warburg-led consortium in ICICI Lombard General Insurance.
The group is currently raising a $200 million India dedicated fund and has started formal talks to raise its first Africa fund, its seventh till date.
Warburg is selling a 12% stake in Lemon Tree through the IPO. At the upper end of the price band, it will garner about $81.2 million from the share sale.
The proposed IPO will be a mix of primary and secondary share sale, with both Kedaara and Partners Group expected to sell part of their stakes.
Torrent Pharma is readying a €2 billion (Rs16,000 crore) binding bid for Sanofi’s unit Zentiva NV.
GTI Capital, which currently holds a 17.47% stake or 8.93 million shares, is selling 6.4 million shares in the IPO.
Nekkanti Sea Foods looks to raise around Rs750 crore in the IPO.
The company plans to launch operations in UAE, followed by Saudi Arabia and Indonesia.