Read more about Tide Water, Easy Trip, Prozone Intu, RCom zoom over 100% in a month on Business Standard. Tide Water Oil was locked in the upper circuit for the second straight day, up 5 per cent at Rs 12,030.80 after the company announced a 1:1 bonus, Rs 200 dividend, and a stock split from Rs 5 to Rs 2
Read more about After muted debut, shares of this travel company are up 100% in a month on Business Standard. Easy Trip Planners have rallied 127% in the past one month on anticipation that pent up demand would boost the travel and tourism segment
After two straight days of decline, the Bulls made a comeback on the D-Street, on Thursday, led by broad-based buying, amid weekly options expiry. Among benchmarks, the S&P BSE Sensex ended at 52,300, up 359 points, or 0.7 per cent, while the Nifty50 closed the session at 15,738-mark, up 102 points, or 0.65 per cent. Bajaj Finance, Bajaj Finserv, State Bank of India, IndusInd Bank, and ITC were the top Sensex gainers. The Bajaj twins also recorded their fresh lifetime highs in today s session. On the other hand, Bajaj Auto, Maruti Suzuki, and PowerGrid were the top laggards. Meanwhile, the broader markets extended their outperformance, with the S&P BSE MidCap and SmallCap indices ending the session 1.26 per cent and 1.73 per cent higher, respectively.
India: Travel portal ixigo seeks to raise up to $240m via IPO route
May 25, 2021
Online travel portal ixigo is looking to raise ₹750 crore through a primary issue of shares, as part of its ₹1,500-1,800 crore initial public offering (IPO) expected later this fiscal year, two people aware of the discussions said, requesting anonymity. The company has appointed Kotak Mahindra Bank, ICICI Securities, Axis Capital Ltd and Nomura as its investment bankers, and will file its draft red herring prospectus in July, said one of the two people.
The travel portal, which has so far raised close to $22 million as part of its primary fundraise, will look to give a partial exit to investors through its public offering. ixigo counts Sequoia Capital India, Fosun RZ, Elevation Capital and Micromax Informatics as its investors. The company is also in talks to raise a pre-IPO round in the coming months, they added.