News & Analysis of Unlisted Companies of India – Dharawat Securities

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BoB-backed IndiaFirst Life Insurance files DRHP with Sebi for IPO - October 2022
IndiaFirst Life Insurance has filed its draft red herring prospectus (DRHP) with the capital markets regulator Sebi to launch its initial public offering (IPO). 
Bank of Baroda promoted IndiaFirst Life Insurance Company is a private life insurance player. The Mumbai-based company is among the fastest-growing private life
insurers in terms of new business-insured retirement plan. According to the DRHP, the issue includes a fresh issue of up to Rs 500 crore along with an offer for sale of up to 14,12,99,422 equity shares by the promoters and existing shareholders of the company. Bank of Baroda will sell 8,90,15,734 equity shares, whereas
Union Bank of India will sell 1,30,56,415 equity shares in the OFS. Carmel Point Investments India would offload 3,92,27,273 equity shares during the primary
stake sale. 

Navi Technologies to file for IPO 15 APRIL 2022
Sachin Bansal-promoted Navi Technologies is likely to file papers for a ₹4,000 crore IPO, as per media reports. 
Bansal, who co-founded Flipkart in 2007, holds 97% in Navi. Bansal had invested ₹4,000 crore of his own capital and is expected to 
retain a majority stake after the IPO. The company also plans to raise ₹15,000 crore as debt from the public market in the next two years. 
The public issue will reportedly consist entirely of a fresh issue of shares with no offer-for-sale component.

Fabindia Plans IPO 1 APRIL 2022
According to reports, IPO-bound Fabindia is in talks with environment, social and governance (ESG) funds. 
The management of the clothing and furniture retailer said that it will decide on the investor line-up after the market regulator approves its IPO. 
The company had filed its draft red herring prospectus with SEBI in January this year.

Vikram Solar proposes Rs 2,000 crore public issue 23 MARCH 2022
Vikram Solar is India's second-largest solar energy company by revenue. The company is set to file with Securities and Exchange Board of India draft papers for 
an initial public offering, said bankers. The IPO size is likely to be about ₹2,000 crore. Stocks available. Call 8108303330 for more details.

Oyo investors no to equity dilution may shrink IPO size 23 MARCH 2022
Oravel Stays Pvt. Ltd, which operates hospitality unicorn Oyo Hotels and Homes, plans to trim the size of its initial public offering after its investors dropped their 
plans to sell their holdings through an offer for sale. Stocks available. Call 8108303330 for more details.

Joyalukkas plans IPO to raise up to Rs 2,500 crore 23 March 2022
Kerala-based jewellery retail chain Joyalukkas India will likely file its draft documents for an initial public offering with the capital markets regulator Securities 
and Exchange Board of India (Sebi) within a week.

Reliance Retail: King of India Retail FEBRUARY 27, 2022
Bernstein in a report said Reliance Retail is India's largest organised retailer both in terms of revenue and store network. It has 14,412 stores in India 
spread over 40 million square feet.

NSE IPO likely to be delayed by a year; Sebi said to be in no hurry to give a nod FEBRUARY 21, 2022 
According to insiders, foreign investors in the exchange wanted the bourse to go public a decade ago, but it has been delayed on account of various controversies, 
including the co-location case.

PharmEasy parent API Holdings gets Sebi nod for Rs 6,250-cr IPO FEBRUARY 21, 2022
API Holdings, the parent company of pharmacy platform PharmEasy received markets regulator Sebi's go-ahead to raise funds through initial share sales.

IPO Corner FEBRUARY 15, 2022
To apply for the IPO under the reserved quota, LIC has asked its policyholders to link their policy with the PAN card before 28 February 2022. 
The life insurer has set aside 10% of the issue size for policyholders. 
LIC filed its draft red herring prospectus with the SEBI on Sunday and is likely to launch its public issue in March this year.

The life insurer LIC paid net death claims worth ₹21,325 crore in the first six month of FY22, as per DRHP. 
This is almost 91% of death claims paid in entire pandemic-hit FY21 and higher than FY20 (pre-pandemic levels).

The state-owned insurance behemoth LIC has filed its draft red herring prospectus (DRHP) with the market regulator SEBI. 
According to the DRHP, LIC is the largest insurer in India with a market share of 66% by new business premium in FY21. 
The IPO is likely to be launched in March this year, according to the reports.

According to reports, the draft red herring prospectus (DRHP) of LIC’s mega IPO will be filed over the weekend. 
The board of LIC met today to consider the proposed listing. At, reportedly, over ₹15 lakh crore estimated valuation, 
LIC IPO is all set to be the biggest-ever stock listing in India.

LIC IPO filing FEBRUARY 9, 2022
The long-awaited IPO of LIC may be around the corner. The government will reportedly file the draft papers for the mega IPO with SEBI this week, 
And the issue is expected to be launched in the month of March. 
According to reports, 10% of the LIC IPO issue size is likely to be set aside for policyholders, who may even get a discount on the issue price.

Vedant Fashion IPO Details FEBRUARY 4, 2022
IPO period 4th - 8th February 2022
Price band (per share) ₹824 - ₹866
Lot size 17 shares
Cost per lot ₹14,722

Union Budget 2022 FEBRUARY 1, 2022
Here are the key highlights from today’s budget:
Growth-focused Budget bets big on capital expenditure
Big money outlay for roads, railway, housing
Incentives proposed for SMEs and start-ups
New legislation to replace SEZ laws
Tax proposed on income from virtual digital assets
No change in income tax slabs
RBI to roll out Digital Rupee in FY23
LIC IPO expected shortly

Economic Survey 2022 JANUARY 31, 2022
According to the Economic Survey 2022, India’s GDP is expected to grow by 8-8.5% in FY23.
Here are the key highlights:
The retail inflation stood at 5.2% between April and December 2021.
Industrial production grew 17% between April-Nov’21.
The fiscal deficit for FY22 is at 6.8% of the GDP.
Foreign institutional investors (FII) turned net sellers with outflows of $0.6 billion (about ₹4,500 crore) between April and December ’21.
The delay in LIC IPO as well as BPCL, IDBI Bank stake sales dented divestment target of ₹1.7 lakh crore. 
The government was able to raise only ₹9,330 crore through the divestment route.

Budget Buzz JANUARY 28, 2022
The government has decided that the budget will be paperless this year too. The union budget will be primarily available digitally and 
only a few copies of the document will be printed, according to reports. Also in the wake of the spread of the new virus variant, 
the traditional halwa ceremony has been cancelled. Finance Minister, Nirmala Sitharaman, will unveil the Union Budget 2022 on February 1, 2022, at 11 am

Adani Wilmar IPO Details JANUARY 26, 2022
IPO period 27th - 31st January 2022
Price band (per share) ₹218-₹230
Lot size 65 shares
Cost per lot ₹14,950

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