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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...

Likhitha Infrastructure Ltd | Expert advice, invest in IPO or stay away

  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...

Likhitha Infrastructure IPO | Initial Public Offering Details

  The closing date for the initial public offering (IPO) of the oil and gas pipeline infrastructure service provider Likita Infrastructure has been extended to October 7, 2020. Also, its original scope has been revised to Rs 116-120. The issue of Rs 61 crore was to close on Thursday, October 1, 2020.   As per information available on the National Stock Exchange, 'BRLM (Book Running Lead Managers), which is managing the issue of Likita Infrastructure, informed the stock market than the issue closing date has been extended to October 7, 2020. The price range has also been revised from Rs 117-120 to Rs 116-120 per share.   Likhitha Infrastructure IPO Details     IPO Open Date September 29, 2020 IPO Close Date October 7, 2020 IPO Issue Type Book Built Issue IPO IPO Issue Size 5,100,000 Equity Shares of 10 rupee (aggregating up to 61.20 Cr rupee) Fre...

Mindspace business park REITs IPO 13 times full, plans to raise Rs 4,500 crore, QIB shows interest

Mindspace Business Park REITs initial public offering has received tremendous response. It closed 13 times the last day. The IPO, which opened on July 27, closed on Wednesday. It was targeted to raise Rs 4,500 crore from the market. REIT is owned by K. Near Raheja Group and Blackstone. This is the second IPO of any real estate investment trust (REIT) in India.   REIT  stands for Rear Estate Investment Trust. It invests in commercial real estate. Earnings are shared among investors as the real estate price rises. For this, the company distributes dividend and interest. REIT funds have to invest at least 80% in compiled and revenue generated projects. It distributes 90% of its cash flow to investors. Going by the history of returns, India's only writ Embassy Office Parks REIT has given 27.4 per cent returns since listing in March 2019.   However, the impact of the boom in the equity market is visible on the IPO and other issues. Earlier, the Rs 500-crore Rosary Biotech IPO ...