The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore, according to a circular uploaded on the BSE website.
OYO has appointed investment banks like JPMorgan, Citi and Kotak Mahindra Capital to manage its public issue, they added.
The integrated diagnostic chain that operates in southern India, has fixed the price band of the offer at Rs 522 to Rs 531 per equity share. Bids can be made for a minimum of 28 equity shares and in multiple of 28 equity shares thereafter
This is largely on account of non-cash ESOP expenses which have increased meaningfully in Q1 FY22 "due to significant ESOP grants made in the quarter pursuant to creation of a new ESOP 2021 scheme".
According to the ‘Indian Tech Startup Funding Report, H1 2021' by Inc42, the capital inflow in Indian startups is likely to reach somewhere between $19 billion and $23 billion at the end of the year.
The company plans to raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale
The country's largest power producer is also aiming a 10 per cent reduction in net energy intensity by 2032.
Around 16.66 per cent of the anchor investor portion was allocated to SBI Mutual Fund, DSP Mutual Fund, Aditya Birla Mutual Fund and White Oak Capital Partners each.
The company also has recently forayed into e-commerce with ‘Bharat Bazar’ as its brand name.
Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday
The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.
The IPO offer comprises a fresh issue of up to Rs 50 crore and an offer for sale of up to 1,09,85,444 equity shares by promoters and investors.
Proceeds from the fresh issue will be used to repay debt of the company and its subsidiaries.
According to a TechCrunch report, Delhivery disclosed the finding in its latest regulatory filing that has been led by US-headquartered investment firm Fidelity.
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