Monday, December 04, 2023
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Ipo

The D2C beauty and wellness company's IPO was subscribed 7.61 times on its final day, receiving bids for 22 crore shares against the issue size of 2.89 crore shares

The roadshow has been launched as the firm is planning to launch an IPO with a $52 billion valuation

The newly launched Aqualogicas brand focuses on consumer centricity and customisation for Indian skin, catering to over 1.2 million consumers

It is company's second attempt to go public

The company has allocated 37.93 lakh equity shares to 31 funds at Rs 672 apiece, aggregating the transaction size to Rs 255 crore, according to a circular uploaded on the BSE website

The IPO for Byju's tutoring services division was previously planned for 2023, which was postponed as the edtech decacorn battled various challenges

The digital payments unicorn has its work cut out if it wants to convince investors that it is on a sustainable profitability track, which warrants its valuation

At present, the company has 40 hotels in Rishikesh, Haridwar, Srinagar (Uttarakhand), Kedarnath, Joshimath, and Uttarkashi, which will be doubled to 80 hotels

The fund will invest in profitable SME (small and medium enterprises) with high-potential opportunities in unorganised sectors

The fund would seek to generate long-term capital appreciation by investing in a diversified portfolio of up to 30 businesses