BankBazaar.com intends to launch its IPO within the next 12 to 18 months. The fintech company has appointed ICICI Securities to advise on its capital raise strategy before filing for DRHP. This round of capital will consist of both fresh and secondary issues. In the meantime, BankBazaar ended FY23 with net revenue of Rs 160 crore, up 60% from FY22 due to a 60% increase in credit card issuances. Bookmark us for the latest business news on our website and get trending topics immediately.
BankBazaar IPO 2023, Here’s the Date, Price & Everything
Three IPOs opened for subscription in March, ending a drought that began in January. This is expected to become a flood as many businesses file HRPs and plan to open subscriptions for their respective public issues.
The following are a few of the businesses that are likely to launch IPOs in FY24 and have filed their DRHPs with Sebi: Aeroflex Ventures, which has documented papers with capital business sectors controller Sebi to raise Rs 350 crore through an Initial public offering.
To raise funds, including Rs 1,000 crore through a new share issue, Samhi Hotels has resubmitted its IPO DRHP to Sebi. An initial public offering (IPO) is anticipated to be launched in FY24 by the state-run Indian Renewable Energy Development Agency (IREDA). ChrysCapital-supported Humankind Pharma intends to raise around Rs 4,500-4,700 crore through an Initial public offering expected to stir things up around town before the current month’s over or right on time one month from now.
Tata Technologies has filed paperwork with Sebi to conduct a public fundraising offer. The final recommendation from the Sebi for JG Chemicals to launch an initial public offering (IPO) was made.
Fintech player Zaggle Prepaid Sea Administrations intends to raise Rs 490 crore through an Initial public offering. Out-of-emergency clinic medical care supplier Healthvista India, with brand Portea to drift Initial public offering, plans to raise to Rs 200 crore through a new issue of value offers and more through a proposal available to be purchased by stripping investors. Cyient DLM intends to issue entirely new equity shares to raise Rs 740 crore.