Page 39 - Ipo News Today

It has set a price band of Rs 430 to Rs 452 per share for the IPO; proceeds will fund debt repayment and capital expenditure

India Business News: MUMBAI: Ola Cabs is laying off 10% or close to 200 employees as part of its restructuring exercise ahead of a planned initial public offering (IPO), s.

Boult IPO: "Were proud of the fact that we have penetrated every state in India, we are live at over 4,000 points of sales." Marking its debut globally, Boult tapped into the US and UK markets in May 2023, and in January 2024, it set foot in Nepal. It received great responses from all the geographies, the young entrepreneur said.

SaaS companies have typically viewed the US market as more favourable to list, but with better valuations and growth expectations, the Indian market is attracting some of them.

The company received a capital markets regulator nod in August last year. The IPO comprises fresh equity issue worth up to Rs 750 crore and offer for sale (OFS) of up to 2.93 crore equity shares by existing investors.

The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.

Engineering solutions provider Diffusion Engineers has re-filed its preliminary IPO papers with markets regulator Sebi by incorporating a new financial statement.

SEBI had sought 25 KPIs, of which FirstCry provided only 5-6 in its first set of filings. The refilling will reflect FirstCrys updated performance, until December 2023, instead of September 2023, as was the case earlier.

Morgan Stanley, which led the Reddit and Astera Labs IPOs, expects 10 to 15 more tech offerings this year and a "better year" in 2025.

Private equity firm Carlyle and Brighton Park Capital, a private investment firm that specializes in software, information services, technology-enabled services and healthcare sectors, have tweaked their ......