Shriram Properties revenue nearly triples to ₹122 cr in Q1 on strong sales

Shriram Properties revenue nearly triples to ₹122 cr in Q1 on strong sales

Shriram Group’s residential developer, Shriram Properties posted a consolidated net profit of ₹10.47 crore in the quarter ending June 30, 2022, compared to a loss of ₹36.74 crore in the same quarter of the previous fiscal. However, the latest quarterly PAT declined by 83.85% from ₹64.83 crore in the preceding quarter. On a year-on-year basis, … Read more

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say

A view of Tenaga Nasional Berhad headquarters in Kuala Lumpur, Malaysia, October 13, 2015. REUTERS/Olivia Harris Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 12 (Reuters) – Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to start the process next year for a potential $1 billion listing of its power generation business, … Read more

James Foster on Taking ZeroFox Public in Hard Economic Times

Network Detection & Response , Next-Generation Technologies & Secure Development , Security Operations ZeroFox Is the First Security Company to Go Public in 2022 After 5 Deals Last Year Michael Novinson (Michael Novinson) • August 8, 2022 James Foster, co-founder, chairman and CEO, ZeroFox James Foster has been swimming against the current for months, taking … Read more

For tech workers who missed IPO payday, time for job market rethink

A banner for Snowflake Inc. is displayed celebrating the company’s IPO at the New York Stock Exchange (NYSE) in New York, US, September 16, 2020. Brendan McDermid | Reuters AI software startup DataRobot may not be a name many in the general public know, but its workers have gone through a well-known problem in the … Read more

IPO: Fear over IPO Street eases, Syrma SGS issue’s the 1st offer after 80 days

Mumbai: The ₹840 crore-initial public offering of engineering and design company Syrma SGS Technology will open for subscription on August 12. This will be the first company to hit the primary market in 80 days as the uncertainty in the market has resulted in fresh offerings drying up. The offer comprises a fresh issue of … Read more

28 companies secure Sebi’s clearance to float IPOs worth ₹45,000 cr in April-July

SEBI has given its nod to 28 companies to raise funds totaling ₹45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over ₹33,000 crores. Among the firms that have secured the regulator’s clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of FIH Mobiles … Read more

Unique Fire debuts on ACE Market at 21 sen

KUALA LUMPUR: Unique Fire Holdings Bhd made its debut on the ACE Market of Bursa Malaysia at 21 sen today from its initial public offering (IPO) price of 26 sen. Unique fire is an investment holding company involved in the assembly, distribution and manufacture of active fire protection systems, equipment and accessories for the built … Read more

Propequity IPO: Real estate data analytics firm, PropEquity, raises Rs 25 crore through IPO

PropEquity, a real estate data, research and analytics firm has raised Rs 25 crore through an initial public offering (IPO), Samir Jasuja, Founder and Managing Director of the company told ET. The company will use the fund to expand its presence in more cities and improve its tech offering. “A lot of developers use our … Read more

zomato: Changing market matrix: Aswath Damodaran re-evaluates Zomato at Rs 35. Read his rationale

Valuation Guru Aswath Damodaran has a new fair value for Zomato, which suggests more pain ahead for the new-age stock. Just over a year after Damodaran pegged its value at Rs 41 on July 21, 2021, he now sees the stock at Rs 35.32. Allowing for the wide ranges of estimates that one can have … Read more

Go First likely to raise money via IPO to manage financial crisis: Report

Go First airline with a fleet size of 57 aircraft is a major player in the Indian aviation sector. While its latest available financial results talk about stressed finances, industry sources said that the airline is likely to raise money through an initial public offering (IPO) with air travel now recovering from the pandemic blues. … Read more