Sebi nod for Awfis IPO; Byju's NCLT saga continues
The stock market regulator has greenlit coworking startup Awfis IPO plans. Details on this and more in todays ETtech Top 5.
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The stock market regulator has greenlit coworking startup Awfis IPO plans. Details on this and more in todays ETtech Top 5.
The IPO consists of a fresh issue of Rs 160 crore and an offer-for-sale component of up to 1 crore shares, said a report
The IPO comprises a fresh issue of up to Rs 160 crore and an offer for sale of up to 1 crore equity shares. Under the OFS, Peak XV Partners will sell 50 lakh shares, Bisque Ltd will offload 49 lakh shares and Link Investment Trust will give up 75,174 shares. The company proposes to utilise the net proceeds from the offer towards funding capital expenditure towards the establishment of new centers, working capital requirements, and general corporate purposes.
ICICI Securities, Axis Capital, IIFL Securities and Emkay Global Financial Services are the book running managers to the issue.
The Indian Venture and Alternate Capital Association (IVCA), representing private equity and venture capital funds is seeking government help post RBIs restrictions on alternative investment funds. This and more in the last edition of ETtech Top 5 for 2023! Thanks for reading us every PM.