Topic
listing
Finance SBI Funds Management Listing Makes Employees Crorepatis; Stock Debuts at 7% Premium to IPO Price
SBI Funds Management shares listed at a 6.27% premium on the BSE and at Rs 613.30 on the NSE, with 13 employees holding equity stakes valued at over Rs 1 crore each at the IPO price. Deputy MD Devinder Pal Singh's vested shares alone are worth Rs 121 crore. The IPO was subscribed 42 times, driven by strong institutional demand.
Technology Startup Backers Cash Out Rs 97,000 Crore as Public Markets Become Primary Exit Route
A Business Today report reveals that early investors in Indian listed startups have sold shares worth nearly Rs 97,252 crore since 2021. The exits, spanning IPOs and block deals, underscore public markets as the primary exit route for venture capital and private equity investors after years of backing high-growth companies.
Business Vedanta's Four Demerged Businesses List on Indian Bourses, Unlocking Rs 50,000 Crore
Vedanta Ltd completed a landmark demerger, listing four businesses — aluminium, oil & gas, iron & steel, and power — on bourses. The move unlocked over Rs 50,000 crore in market value, with Vedanta Ltd's market capitalisation reaching Rs 1.2 lakh crore at close.
Business SpaceX IPO Set for Historic $1.77 Trillion Wall Street Debut
SpaceX is preparing for its Wall Street debut, raising approximately $75 billion at $135 per share, giving it an initial valuation of around $1.77 trillion. The IPO is the largest in history and tests market appetite for trillion-dollar futuristic tech companies. The listing has been widely discussed as one of the most anticipated stock market events.
Business Oyo and Coca-Cola Set Sights on Major IPOs Amid Market Challenges
Oyo and Coca-Cola are advancing with IPO plans despite challenging market conditions. Oyo's IPO could raise up to Rs 6,650 crore, while Coca-Cola considers listing its Indian bottler's parent for $1 billion.