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Reliance Jio IPO: India's Biggest IPO Coming Soon? Valuation, ARPU, and Latest News

  New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process.   Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
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UTI AMC Ltd IPO - Initial Public Offer Details

  UTI AMC Ltd IPO - Initial Public Offer Details   UTI Asset Management Company will offer its IPO for subscription on 29 September 2020. The company plans to raise 3,000 crore through this issue. The public issue will see the sale of 3,89,87,081 equity shares by State Bank of India, Life Insurance Corporation of India (LIC), Punjab National Bank, Bank of Baroda and T Rowe Price International. UTI Asset Management Company had fixed the price band for its IPO on September 24, 2020 at Rs 552-554 per share.   UTI AMC Ltd IPO Details     IPO Open Date September 29, 2020 IPO Close Date October 1, 2020 Issue Type Book Built Issue IPO Issue Size 38,987,081 Equity Shares of 10 rupee (aggregating up to 2,159.88 Cr rupee) Face Value 10 rupee per equity share IPO Price 552 to 554 rupees per equity share Market Lot size...
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Chemcon IPO - Chemcon Speciality Chemicals Limited, Initial Public Offer Details

  Chemical maker Chemcon Specialty Chemicals Limited is also bringing its IPO. Chemcon's IPO will open for subscription on September 21, 2020, and will close on September 23, 2020. Its price band has been kept at Rs 338–340 per equity share. The date of bidding and allocation for Anchor Investors is September 18, 2020. The company has targeted to raise a total of Rs 318 crore from this IPO.   The company was formed in 1988, Chemcon Specialty Chemicals Ltd is a manufacturer of special types of chemical products, which are HMDS and CMIC. Its product portfolio includes oilfield chemicals (calcium bromide, sodium bromide, and zinc bromide), pharma, silanes and chemicals contract manufacturing. Chemcon manufactures special chemicals such as hexamethyldisilazane (HMDS) and chloromethyl isopropyl carbonate (CMIC). They are mainly used in the pharma industry. The company also produces inorganic bromide used in the oilfield industry as a supplemental fluid. The company not only doe...
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IPO News | Kalyan Jewelers filed a document with SEBI

  Kalyan Jewelers, a leading jewellery sector company, is planning an IPO. For this, the company has filed a draft Red Hearing Prospectus (DRHP) with capital market regulator SEBI. Through this, the company plans to raise Rs 1,750 crore. According to DRHP, the IPO will have a fresh issue of Rs 1,000 crore and Rs 750 crore will be under Offer for Sale. The offer will be from promoters TS Kalyanraman and Hydel Investment. Kalyanraman will sell shares worth Rs 250 crore while Hydel will sell shares worth Rs 500 crore. The funds raised through the fresh issue will be used by the company for the needs of working capital and for general corporate purposes.   The promoters currently hold 76 per cent stake in the company. While Warburg holds a 24 per cent stake. Warburg invested Rs 1,200 crore in Kalyan Jewelers in 2014. After this, in 2017 it had imposed another 500 crore rupees. The company's revenue in the quarter of March 2020 was Rs 10,101 crore, an increase of 3.3 per cent f...
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