Page 3 - Ipo Watch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ideaforge, India's leading drone manufacturer, has opened its initial public offering (IPO) for subscription. The company has raised INR2.54bn ($34m) from anchor investors, including HSBC, Invesco, and Goldman Sachs. The IPO is priced between INR638-672 per share, with analysts arguing it is reasonably valued given the potential for future growth. With a 50% market share in India's unmanned aircraft systems (UAS) industry, the drones made by Ideaforge are suitable for mapping, security, and surveillance. The IPO consists of an issue of equity shares worth INR2.4bn and an offer for sale of 4.8 ...

The initial public offer (IPO) of four companies will open and close this week. These 4 companies include Crayons Advertising, Vasa Denticity, Proventus Agrocom and Hemant Surgical Industries.

Proceeds will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives and general corporate purposes.

Besides Sharma and the Bollywood actors, Mangina Srinivas Rao (previously associated with ITC e-Chaupal and Bill and Melinda Gates Foundation, India) also took a stake in the company, a company press release suggested

Fusion Microfinance IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer of sale (OFS) of 1,36,95,466 shares by promoters and existing shareholders.