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Cash Ur Drive Marketing's IPO will open for subscription. The company aims to raise Rs 60.79 crore through a fresh issue and offer for sale. The IPO price band is Rs 123 to Rs 130 per share. The IPO will close on August 4. Allotment is expected on August 5.
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News and Media
Renol Polychem's IPO is set to launch on Thursday. Investor confidence is high, supported by robust financial performance. The IPO aims to raise Rs 26 crore through a fresh issue of shares. Anchor investors have already committed Rs 4.03 crore. The funds will be used for capital expenditure, working capital, and debt repayment.
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Jio Financial Services will raise 15,825 crore by issuing convertible warrants. Sikka Ports and Jamnagar Utilities will be issued these warrants. The capital will be used for investments in insurance and lending ventures. Jio has tied up with BlackRock for mutual funds. Jio Financial's board approved the issuance of warrants at Rs 316.50 apiece.
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News and Media
Indian smaller cities are increasingly participating in the IPO market. Data shows a significant rise in the number of companies from these regions going public. They raised substantial funds through IPOs in recent years. This trend is expected to continue, with more companies planning to tap the capital markets.
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News and Media
Anant Ambani is now the executive director at Reliance Industries. Reliance Industries shareholders gave their approval. The RIL board appointed Mukesh Ambani's youngest son on April 25. Anant will serve for five years, starting May 1. He has been on the boards of Jio Platforms and Reliance Foundation. He also serves on Reliance New Energy and Reliance New Solar Energy.
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News and Media
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