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TBO Tek IPO subscribed 86.70 times on the last day of subscription receiving 80,50,71,440 share applications against offered 92,85,816 shares. Subscription by Portion as per BSEIndia data: Retail: 25.74 times QIB: 125.51 times NII: 50.60 times While the price band for the share was ₹875 and ₹920 per equity share, TBO.COM is trading at a grey market premium of ₹535 and is expected to open around a price of ~₹1450 making roughly 58% in returns for its shareholders. 🔗 More Information about the #IPO: https://lnkd.in/d_H8QvSs 🔗 Pre-IPO boost by Anchor investors: https://lnkd.in/dJNC9TST Note: No Reco. Kindly connect with your RIA before any investing decision. I am Faraz Wadhwania, I write about #startups, #vcfunding, #investments, #fundraising, #venturecapital, #privateequity, #familyoffice etc. React/Share + Follow + Send Connection Request + 🔔

DG Innovate's Exit from the London Stock Market: A Shift in Strategy In a surprising turn of events, British car battery company DG Innovate (DGI) has decided to exit the London Stock Exchange, just weeks after securing £500,000 from investors. #Announcement #British #Delisting #London #Market #startup #stock #Targets

Mach9 co-founded by Haowen Shi, Alexander Baikovitz, Zachary Sussman, and Michael M., announced that they had raised a $12 million seed round led by Quiet Capital, with participation from new and existing investors, including Overmatch Ventures, Amar Hanspal, Gokul Rajaram, and others! Read the announcement from #TechCrunch in the news section on colaeb.com

FirstCry.com (BrainBees Solutions Ltd.)'s public offering ran from August 6 to 8, priced at Rs 440-465 per share with a minimum bid of 32 shares. The IPO size was Rs 4,193.7 crore, including a Rs 1,666 crore fresh issue and a Rs 2,527.7 crore offer for sale (OFS). SoftBank Group Corp. sold 20,318,050 shares worth Rs 944.79 crore, Premji Invest offloaded 8,601,292 shares worth Rs 399.96 crore, and NewQuest sold 4,141,043 shares worth Rs 192.56 crore. SoftBank emerged as the largest shareholder with a 25.52% stake. In FY24, FirstCry's revenue rose 15.1% to Rs 6,480.8 crore, while losses decreased by 33.8% to Rs 321.5 crore. #firstcry #ipo #stocks #startups #shares #returns #venturecapitals #investors #offerforsale #freshissue #shareholders #financials #fy24

🚀 Exciting News for ixigo! ixigo's market cap has surged nearly 80% following its recent IPO. Shares opened at a 48.5% premium above the issue price, soaring from Rs 93 to Rs 165.72, raising Rs 740 crore with an impressive 98.3x oversubscription. Key investors Peak XV Partners and Elevation Capital made hefty 8.2X and 13X returns respectively, while Micromax Informatics Ltd's also scored 10.88X return on its original investment from the company. ixigo reported an operating revenue of Rs 491 crore and a profit of Rs 65.7 crore during the first nine months of FY24, showcasing strong financial health. #Ixigo #IPO #MarketCap #TheKredible #Entrackr #StartupNews #NSE #BSE

“After BJP’s victory in Maharashtra, the market seems to be celebrating too! With election-related funds flowing back and the grey market buzzing, the IPO space is regaining its momentum. Exciting times ahead for investors! 🚀📈 #BJPMaharashtraVictory #IPO #StockMarketBuzz #GreyMarket #MarketMomentum #FinanceTrends #InvestmentOpportunities” #startup

What’s driving the IPO frenzy in India? From two-dealer showrooms to billion-dollar unicorns, everything’s up for grabs. But what’s fueling this rush, and how do companies know it’s the ‘golden time’ to go public? In a panel discussion at MoneyX 2024 on the topic- “The Great Indian Exit Saga: IPOs, Secondaries & Beyond”, industry veterans like Rajesh Sawhney, Founder & CEO of GSF Accelerator, and Tej Kapoor, Director-Investments of ICICI Venture weigh in on India’s IPO boom. With strong fundamentals and consumer growth driving companies toward public markets, the conversation explores how $20 billion flowing in monthly through SIPs is reshaping the landscape for IPOs. Tune in for insider perspectives on which sectors might lead this IPO wave and what it takes to succeed in today’s market. MoneyX 2024- Presented by Inc42, Powered by Peak XV Partners, Venture Catalysts++ | India's 1st Multi-Stage VC, Mobavenue, In association with Bower and our ecosystem partner IVCA #MoneyX #IPOs #StartupEcosystem #Inc42 #PublicMarkets

Shiprocket raised ₹219 crore ($26 million) in an extension of its Series E funding round, bringing its valuation to ₹10,195 crore ($1.21 billion): 1️⃣ Key investors include KdT Ventures, MUFG, Tribe Capital, SAI Global, and Huddle Collective. 2️⃣ Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket provides logistics and supply chain solutions to over 150,000 businesses. 3️⃣ In FY 2024, Shiprocket achieved a 21% increase in revenue, but reported a ₹595 crore loss, indicating a need for cost optimization. 4️⃣ Despite competition, Shiprocket's latest funding highlights strong investor confidence in its growth potential and market position. Read The Full Article Here: https://lnkd.in/gS6ZG5zy #EntrepreneurshipStudio #Shiprocket

Transatlantic growth equity investor Kennet Partners has secures €266M for its largest fund to date, Kennet VI. With this cash, It has already started investing in B2B SaaS firms throughout #Europe, such as Fluid Topics in France and Screendragon in the #UK and #Ireland. Kennet VI expands upon the profitable investment strategy and five-fund track record of its predecessor. With more than 25 years of expertise, It has demonstrated success in a number of market cycles. Raised as part of a fruitful collaboration with Edmond de Rothschild Private Equity that commenced in 2017. The bank's international clientele has first dibs on the Kennet VI fund, which has Edmond de Rothschild as a cornerstone investor. The fund also has commitments from Bpifrance, Federated Hermes Private Equity, and British Patient Capital. François-Xavier Vucekovic, Hillel Zidel, Michael Elias, Alex Taylor-Harris, Solenne Niedercorn-Desouches, Hillel Zidel, Jonathan Hewitson Read more - https://lnkd.in/g-RbMvQS To share your startup story write us on - contact@startuprise.co.uk #Kennet #Venturecapital #B2B #Saas #news #funding #startup

🚀Pausefika news: The Surprising Second Wind of SPACs 📈 If you follow me here on LinkedIn, you know that as an entrepreneur, I'm interested in Special Purpose Acquisition Companies (SPACs) as a faster track towards an IPO. However, as a private investor, I avoid them like the plague (cf. Fisker, Lordstown Motors, Workhorse, Canoo, Lucid Motors, Arrival, Faraday Future, Mullen Automotive, Polestar, or VINFAST SPACs). Despite being written off too quickly, SPACs have seen a resurgence since January. The expected decline in interest rates in the US and the need for equity capital from unicorns are contributing to their revival. Since January, SPACs have raised $3.4 billion from investors, according to Dealogic, and this figure is expected to grow further by the end of the year. With new SPAC rules going into effect, the market is showing a tepid comeback. Investors are bidding up shares of older SPACs, some of which have been searching for deals for years. 2024 is on pace to outdo 2023 in terms of dollars raised through the IPO market. Halfway through this year, SPACs have already raised $2.5 billion, compared with $3.8 billion for the entirety of 2023. The average size of the SPAC IPO is slightly bigger, too, at $156.5 million compared with $124.1 million in 2023. While the numbers are still tepid compared to the heady days of 2020 and 2021, optimists persist. Out of 118 SPACs that have found a partner but not yet merged, the returns are negative for only four companies. The top-performing SPAC is Ault Disruptive Technologies, whose shares are up 69 percent since launch in December 2021. Despite the realities, a few older SPACs that haven’t even found a partner are also showing double-digit returns. New Providence Acquisition Corp. II has a return on investment of more than 40 percent since it was launched in November 2021. What do you think about the future of SPACs? Share your thoughts and connect with experts on Pausefika to stay updated on the latest developments. #SPACs #Investment #Finance #IPO #Pausefika #Polestar