Synopsis
It is expected to be one of the largest initial public offerings ever for an Internet startup in India
ETtech
Illustration: Rahul Awasthi
Eleven years after it was founded, online food ordering and restaurant discovery platform Zomato took a big step toward a public listing on Wednesday.
It is expected to be one of the largest initial public offerings ever for an Internet startup in India.
A DRHP is a publicly available document of a company that is planning to raise money from the public which it files with the market regulator. It outlines critical information and details about its business operations and financials. This includes details about its promoters, reason for raising money, how the money will be used, risks involved with investing in the company, and so on.
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The online food delivery segment has seen significant growth in the last few years.
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Zomato s FY20 revenue had jumped over two-fold to $ 394 million (around ₹ 2,960 crore) from the previous fiscal.
| Photo Credit:
Sushil Kumar Verma
The online food delivery segment has seen significant growth in the last few years. Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise ₹ 8,250 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity shares worth ₹ 7,500 crore and offer for sale to the tune of ₹ 750 crore by Info Edge (India) Ltd, draft red herring prospectus filed with Sebi showed on Wednesday.
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Pi Ventures said it was targeting to close Fund II this fiscal year.
Domestic family offices, high net-worth individuals and entrepreneurs have evinced interest in the fund, it said.
The firm said it will continue to back companies in the early stage (seed, pre-Series A and Series A) companies and focus beyond digital deep tech startups to space technologies, material sciences, biotech and life sciences.
It plans to back 25 startups through the fund.
“So, the stage remains the same and the entry cheque size will also remain the same. In Fund I, we are going to back 14 companies, and in Fund II we’re likely to back 25 companies, even though the new fund is almost three times in size,” said Manish Singhal, co-founder and managing partner at Pi Ventures.
Aditya Birla Sun Life AMC files DRHP for IPO
April 20, 2021
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Aditya Birla Capital Ltd and Sun Life India will together sell up to 13.50% of the paid-up share capital of ABSL AMC via OFS
Aditya Birla Sun Life AMC, a material subsidiary of Aditya Birla Capital Limited, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering by way of an offer-for-sale of shares.
Aditya Birla Capital has approved sale of up to 28,50,880 equity shares of face value ₹5 each held in ABSLAMC out of the total paid-up share capital of 28,80,00,000 equity shares.
Aditya Birla Sun Life AMC files documents for IPO with markets regulator
Aditya Birla Sun Life AMC Ltd (ABSLAMC), a material subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India, Aditya Birla Capital said
PTI | April 20, 2021 | Updated 11:26 IST
Aditya Birla Capital on Monday said its arm Aditya Birla Sun Life AMC has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to launch its initial public offering (IPO). Aditya Birla Sun Life AMC Ltd (ABSLAMC), a material subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India for an initial public offering by way of an offer for sale (IPO) of shares of ABSLAMC, subject to relevant approvals as required, Aditya Birla Capital said in a regulatory filing.