Topic
drhp
Finance Jio Platforms IPO Announced at Reliance AGM; DRHP to Be Filed with SEBI Today
Mukesh Ambani announced at Reliance Industries' 49th AGM that Jio Platforms has approved its DRHP for an IPO, to be filed with SEBI. The IPO comprises a fresh issue of up to 27 crore equity shares, expected to be India's largest public issue, with funds raised directly by the company. The listing could unlock significant value, with analysts estimating a valuation of ₹8-10 lakh crore.
Business NSE Files DRHP for $2-Billion IPO; Tiger Global, SBI Among Major Sellers
The National Stock Exchange has filed its draft red herring prospectus with Sebi for an estimated $2-billion IPO, nearly nine years after its first attempt was stalled by the co-location controversy. The issue is entirely an offer for sale, with Tiger Global, SBI, IDBI Bank, and others selling shares. The exchange received a no-objection certificate from Sebi earlier this year, clearing the final regulatory hurdle.
Finance Zepto Files Updated DRHP for $1 Billion IPO, Targets July Listing at $10 Billion Valuation
Quick-commerce player Zepto on Monday filed its updated draft IPO papers with market regulator Sebi, moving closer to a public listing targeted in July. The startup seeks to raise up to Rs 8,010 crore through fresh shares, while existing investors including Nexus Venture Partners and Contrary will sell up to 11.3 crore shares in the offering. The total issue size is estimated at $1 billion, and the company is targeting a valuation of about $10 billion.