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Snapdeal drops IPO plan, withdraws DRHP - Jammu Kashmir Latest News | Tourism

New Delhi, Dec 9: E-commerce player Snapdeal has shelved its plan for IPO through which it was planning to issue fresh equity shares worth Rs 1,250 crore amid weak market conditions, the company has said. The company had earlier announced placing over 3 crore shares for an offer for sale under its IPO plan. The company has not decided on any fresh timeline for the IPO. When contacted, a Snapdeal spokesperson said: “Considering the prevailing market conditions, the company has […]

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Snapdeal defers Rs 1,250-crore IPO, here is the REASON

Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell-off in tech stocks worldwide.

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IPO - Snapdeal defers IPO plan, withdraws draft red herring prospectus (DRHP)

It joins the likes of Boat, PharmEasy and Droom, who have shelved their IPO plans

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Snapdeal Defers Rs 1,250 Crore IPO Plan Citing Current Market Situation

Snapdeal spokesperson said the company may reconsider an IPO in the future, depending on its need for growth capital and market conditions.

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Snapdeal files draft red herring prospectus with SEBI for IPO

The sale by the SoftBank-backed entity comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares

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SoftBank Is The Largest Shareholder of IPO-Bound Snapdeal

SoftBank will offload the highest number of shares in the Snapdeal IPO. SoftBank’s Starfish I Pte Ltd will offload up to 2.4 Cr shares.

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Snapdeal files DRHP for IPO to raise Rs 1,250 crore via fresh issue

Snapdeal plans to use Rs 900 crores from the primary issue of Rs 1,250 crores to facilitate organic growth.

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Snapdeal IPO News: Snapdeal Files Papers For IPO, Valuation Of About $1.5 Bllion

Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges.

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Snapdeal files papers with Sebi to raise funds via IPO

New Delhi: E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses...

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Snapdeal files papers with Sebi to raise funds via Initial Public Offer

The public issue comprises fresh issuance of equity shares worth 1,250 crore and an offer for sale of 3.07 crore equity shares

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