#ipobound

Flipkart is within the superior levels of securing regulatory approvals to shift its headquarters from Singapore to India, with the transition focused for later this 12 months, TechCrunch has realized, because the Walmart-owned e-commerce big prepares for an Indian IPO subsequent 12 months. The redomiciling course of has acquired in-principle approvals from a Singapore court docket, whereas a…

Government extends IPO-bound LIC chairman’s tenure by one year

The government has extended the tenure of LIC chairman by one year. New Delhi: The government has extended the term of Life Insurance Corporation of India (LIC) Chairman MR Kumar by one more year to ensure hassle-free listing of the company. Besides this, the government has also extended the tenure of one of the managing directors, Rajkumar, by one year. With the extension, MR Kumar will…

IPO-bound OYO increases authorised share capital to Rs 901 crore

Oravel Stays Pvt Ltd, that operates hospitality firm OYO, has approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore, according to a regulatory filing by the hospitality firm. The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draft red herring prospectus (DRHP) is likely to be filed in the next few months,…

Most IPO-bound fintechs are yet to turn profitable

Investor interest is at a high with a number of fintechs announcing plans to tap the equity markets. Commanding a huge customer base, each of these fintechs have turned into success stories in their own segments. The successful listing of food delivery start-up Zomato has firmly put the sector into the limelight. But the question of profitability often remains. Often, burning cash is the way for…