Delhivery ipo

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook The initial public offer (IPO) of Syrma SGS Technology, an EMS (Electronic manufacturing services) business player, is opening on Friday (August 12). Syrma intends to raise Rs 840 crore through a primary issue of Rs 766 crore and an offer for sale (OFS) of 3.37 million shares. The company has already raised Rs 110 crore through pre-IPO placements at Rs 290 per share. (image) (image) Industry (image) (image) (image) (image) Key Positives Syrma is one the leading players in the... … [Read more...] about Syrma SGS Technology IPO: Attractive business at an undemanding valuation

- A + A KUALA LUMPUR (Aug 17): Homegrown digital solutions and application development specialist Agmo Holdings Bhd (Agmo) has plans to expand in Singapore, targetting to set-up teams within 18 months of its listing on Bursa Malaysia’s ACE Market on Thursday (Aug 18). Agmo aims to raise RM22.10 million from its initial public offering (IPO). Its chief executive officer Tan Aik Keong said with a dedicated team in the city state, Agmo will be able to focus on growing the business and enhancing its customer relationships there. “We will expand our regional footprint by venturing into Singapore, where the mobile and web application development and digital solutions industries are expected to continue on a strong growth trajectory. “The establishment of our business presence there is expected to increase the group’s profile in the region,” he told Bernama . He said Singapore is a key global financial centre and also a regional base for many technology-related … [Read more...] about Agmo to set up Singapore teams within 18 months of listing

Chamath Palihapitiya - A + A NEW YORK (Aug 17): The news came with little fanfare. It was late on a sleepy summer afternoon last week, and few on Wall Street even seemed to notice the pair of filings when they hit the Securities and Exchange Commission's (SEC) website. In terse, boilerplate language, the documents stated that two special-purpose acquisition companies (SPACs) launched by Chamath Palihapitiya needed to push back the deadlines they had set to make acquisitions. Palihapitiya was in no mood to trumpet the news. There were no tweets, no interviews, none of the braggadocio that came with so many of his big SPAC deals, back when the market was the hot new thing in finance, a sure-fire, money-minting machine, and Palihapitiya was its undisputed king. But if those euphoric moments two years ago represented the peak of SPAC frenzy — a phenomenon created out of the same ingredients (unprecedented monetary and fiscal stimulus) that gave us meme stocks and … [Read more...] about US SPAC king goes silent with his empire shrivelling

Realty firm Signature Global (India) Ltd, which is planning to launch Rs 1,000-crore public issue, posted a net loss of Rs 115.5 crore during the last financial year. Its net loss stood at Rs 86.27 crore in the 2020-21 fiscal year. Its net loss stood at Rs 86.27 crore in the 2020-21 fiscal year. Last month, the Delhi-based firm had filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to raise up to Rs 1,000 crore through an Initial Public Offering (IPO). "We incurred losses after tax of Rs (565.74) million, Rs (862.78) million and Rs (1,155.00) million for fiscal 2020, 2021 and 2022, respectively," Signature Global said in the DRHP. However, total income rose to Rs 939.6 crore in the 2021-22 fiscal year from Rs 154.7 crore in the previous fiscal. Total expenses rose to Rs 1,076 crore in the last fiscal year from Rs 246.65 crore in the 2020-21 financial year. Signature Global focuses on affordable and mid-housing segments with a market share of 19 … [Read more...] about Signature Global posts Rs 115.5 crore net loss in FY22