MobiKwik, the digital financial services platform, has marked a significant achievement by reporting its first-ever full-year profitability for FY24 after 15 years of operating at a loss. The company announced a Profit After Tax (PAT) of ₹14.08 crore, a substantial turnaround from the ₹83.81 crore loss in FY23. This milestone has boosted MobiKwik’s confidence as it prepares for its Initial…
Ola Electric Mobility, India’s leading e-scooter manufacturer, has achieved a significant milestone by reaching a valuation of Rs 58,664 crore ($6.99 billion) after a 20% surge in its stock value on Friday. This impressive leap follows the launch of its new line of e-motorcycles and the company’s strategic plan to cut costs by producing its own batteries.
The company’s entry into the…
Real estate developer Kalpataru has announced plans to raise up to ₹1,590 crore through an initial public offering (IPO). The funds will primarily be used to repay existing loans, with the remainder allocated for general corporate purposes. This IPO will be a fresh issue of shares.
The Mumbai-based company has a robust portfolio, having completed 70 projects across major cities such as Mumbai…
This week’s IPO lineup includes the highly anticipated Saraswati Saree Depot Ltd on the mainboard and four SME issues aiming to raise a total of ₹257 crore from investors. Here’s a detailed look at the new public offers set to open for subscription.
Mainboard IPO
Saraswati Saree Depot Ltd
Issue Size: ₹160 crore
Subscription Dates: August 12 – August 14, 2024
Price Band: ₹152 to ₹160…
Swiggy Instamart, the quick commerce arm of the popular food delivery platform Swiggy, has announced the appointment of Sairam Krishnamurthy as its new Chief Operating Officer (COO). This strategic move comes as Swiggy prepares for its upcoming Initial Public Offering (IPO) and aims to enhance its operations and expansion efforts.
New Role and ResponsibilitiesIn his role as senior vice-president…
Akums Drugs and Pharmaceuticals has launched its much-anticipated Initial Public Offering (IPO), opening today, July 30. The company is offering shares in a price band of ₹646 to ₹679 each, with a minimum lot size of 22 shares and in multiples thereafter. The subscription window for this IPO will remain open until August 1.
Key Details of the Akums IPO:
Issue Size: ₹1,856.74 crore
Price…
