This is done by the major shareholders of the company looking to offload which includes SBI, LIC, Bank of Baroda, Punjab National Bank, and T. With this IPO, UTI will sell up to 8.25% stake of the company. It is the oldest AMC operating in the Indian arena and becomes the 3rd to be listed on a stock exchange after Nippon India and HDFC AMC. Get a complete and exclusive review on Burger King IPO: Date, Price & Details 3. Along with this, a fresh capital of INR 400 crores shall be raised for the expansion and growth prospects of the company. The major shareholder of the company, Everstone capital plans to sell shares worth INR 600 crores to make a partial exit from the multinational hamburger chain via this IPO.
It holds a close market share of 31% against 42% held by McDonald’s. The fast-food major started its operations in India in 2014 and acts as a direct competitor to McDonalds. The king of Burgers is all set to go public this year.
The dates for the IPO is yet to be disclosed. 80,000-1,00,000 crore, making it the biggest IPO in Indian history. It announced selling off a 10% stake of the company that will raise approximately Rs. It is a fully government-owned entity and the proposal of a public offering was made in The Union Budget of FY 2020. Even after the arrival of many rival brands, it still manages to maintain a positive market share. LIC or Life Insurance Cooperation is the first name that comes up in your mind when talking insurance, isn’t it? In fact, up until the year 2000, LIC was the only option for insurance policies. While there are a lot of new incoming IPOs, let’s discuss the popular 5 that are most awaited by the investors in detail. Simply ask for the IPO details from your broker or financial advisor.You can refer to the Prospectus of the company to understand its analytics,.It is the main time when early investors of the company maximize returns. Every step the company takes affects its stock price on the exchange. It is a big step for any company as the influx of such a huge amount of capital leads to great growth and expansion opportunities. also known as the ‘unicorn’ status and adheres to the other guidelines specified by SEBI. So, can any company go public? Well, No! The going public stage occurs only when a company has reached a minimum net worth of Rs.1 crores in the previous 3 years.
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