IPO Date: Nov 6 to Nov 8 2024
Listing Date: Nov 13 2024
1. Investment in our Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings.
2. Investment in our Material Subsidiary, Scootsy, for: (a) expansion of our Dark Store network for our Quick Commerce segment through setting up of Dark Stores; and (b) making lease / license payments for Dark Stores.
3. Investment in technology and cloud infrastructure.
4. Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of our platform, across our segments.
5. Funding inorganic growth through unidentified acquisitions and general corporate purposes.
MUFG Intime India Pvt Ltd.
Posted on Oct 30th
Fone4 Communications (India) informs about board meeting
Posted on Oct 30th
Currency futures for November expiry trade weaker with 8.46% increase in OI
Posted on Oct 30th
Indian economy responds quite satisfactorily to global headwinds; GDP likely to touch 7% in FY26: CEA
Posted on Oct 29th
Shreeji Global FMCG coming with IPO to raise Rs 85 crore
An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.
Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.
The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.
Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.
The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:
This content is for educational purpose only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
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