At his home in Koramangala, where conducted most of his meetings then, he’d dribble out bits of information about the new company that he was building. Over the years, I’ve had the opportunity to meet him several times. And a few things stood out for me. First, he was always judicious with time. This meant that he not only said no to meetings sometimes but when he did meet, he made sure everyone was prepared. He’d almost always be on time. … [Read more...] about Happiest Minds: An IPO that flew under the radar in startup land
Ipo
Happiest Minds IPO day 2: Issue subscribed 8.4 times, retail portion at 39 times
"At the upper end of the price band of Rs 166, the issue is valued at a P/E of 27x at FY20 EPS at Pre-IPO and at a P/E of 34x on post IPO EPS of Rs 4.88. We believe the issue is priced at a premium owing to its robust business model and major presence in Digital IT space. The recent fancy for companies with differentiated business model instills confidence on this issue. The international peers which have a similar businesses model are trading at a P/E valuation of around 65x," said Ajcon Global report made by Akash Jain, MBA (Financial Markets), Vice – President Research, which recommended subscribing the issue for listing gains. … [Read more...] about Happiest Minds IPO day 2: Issue subscribed 8.4 times, retail portion at 39 times
Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO
The woman taking over TikTok at the toughest time Rajnath Singh speaks to ex-Navy officer who was attacked in Mumbai Sonia Gandhi leaves for US for routine medical check-up, to miss first half of Parliament session … [Read more...] about Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO
Route Mobile IPO day 1: Issue fully subscribed, retail investors portion 1.8 times
The respone from retail investors remained good so far, as their reserved portion witnessed 1.8 times subscription. The portion set aside for non-institutional investors subscribed 46.56 percent and that of qualified institutional buyers 1.21 percent. … [Read more...] about Route Mobile IPO day 1: Issue fully subscribed, retail investors portion 1.8 times
Zomato plans to file for IPO in 2021 first half
If the IPO does happen, it will be the first among India’s modern consumer internet startups, and India’s first internet IPO since companies such as Infoedge (which owns Naukri.com) and MakeMyTrip. Infoedge is also a shareholder in Zomato. … [Read more...] about Zomato plans to file for IPO in 2021 first half
