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...
The IPO of Hyderabad-based Oil and Gas Pipeline Infrastructure Service Provider Company Likhita Infrastructure Limited has also opened from September 29, 2020. Investments can be made in this till October 7, 2020. The company aims to raise Rs 61.20 crore through an IPO. Uniston Capital Private Limited is the book running lead manager for the issue. The price band per share for the IPO has been fixed at Rs 116 to 120. There will be a fresh issue of up to 51,00,000 equity shares in this IPO, which is 25.86 per cent of the shareholding after the issue. The company was founded by Srinivasa Rao Gaddipati and his daughter Likhita Gaddipati is a co-promoter. The company has over two decades of experience in laying pipeline networks and building-related facilities and providing operation and maintenance services to city gas distribution companies. The company's projects are spread across 16 states and 2 union territories of Union of India. As of July 31, 2020, the company's or...