Nearly 5,000 current and former employees are set to benefit, with around 500 Swiggy employees to enter the ‘crore-pati’ club when the firm makes its stock market debut, according to sources

Retail portion covered fully on Day 1

Geojit considers Swiggy’s strong brand recall, diversified offerings, integrated app, rapid scaling, consistent innovation, expansion of dark stores, and promising industry outlook.

According to Rajan Shinde, Research Analyst at Mehta Equities, Swiggy’s market cap to sales ratio of 7.8x appears fairly valued compared to competitor Zomato.

Analysts view Swiggy’s diverse portfolio, encompassing food delivery, grocery services, and restaurant reservations, as a competitive advantage over rivals like Zomato.

Swiggy confronts intense competition from Zomato in the food delivery sector, potentially impacting its market share and customer acquisition costs.

Swiggy IPO: Retail portion booked 0.84 times, QIBs 0.28 times, NIIs 0.14 times, and employee portion 1.15 times.

While acknowledging Swiggy’s growth potential in hyperlocal commerce, Bajaj Broking cautions investors about ongoing financial risks.

Swiggy operates in an oligopoly market: Motilal report

Issue subscribed 0.35 times so far with retail investors portion receiving 0.85 times

Thanks to higher participation from retail investors, offer subscribed 0.7 times so far

Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two sources told Reuters

Music experiences will be integrated across other devices like iPhone, Apple Watch, iPad and Mac

QIB, retail portion get response

The retail portion of the IPO emerged as the only fully subscribed category, receiving 1.02 times the shares reserved for retail individual investors (RIIs)

Swiggy IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore

Zinka Logistics IPO, which opens on November 13, will include a fresh issue worth up to ₹550 crore and an offer for sale of up to 20,685,800 equity shares by promoters and selling shareholders

Aims to strengthen commodities segment, predicts market cap to double in 10 years

Reflects investor confidence in renewable energy sector; significant listing gains seen

Raises ₹5,085 crore from institutional investors; company betting big on enhancing quick commerce segement

Large family offices and ultra-high-net-worth individuals, who typically establish their own AIFs and invest via the QIB route but are otherwise ineligible for QIB status individually, will be affected by SEBI guidelines, say experts

The IPO is likely to be in the range of $300-350 million, sources say

Niva Bupa Health Insurance IPO, Niva Bupa IPO GMP Updates November 11, 2024: Track Niva Bupa Health Insurance IPO subscription status here

The retail individual investors’ portion currently leads the subscription status at 2.14 times, with bids for 6.71 crore shares

VC-backed companies are now looking at the euphoria in the market to list and return capital to their investors

The shares have been priced at ₹289, the upper limit of its price range

Logistics major raised ₹501 crore from anchor investors

Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country's biggest-ever maiden share sale.

Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.

The calendar year 2024 is set to go down as the best year for initial public offerings (IPOs) in terms of funds raised. Following the IPOs of food delivery major Swiggy and two other companies slated for next week, this year's total will reach nearly Rs 1.2 trillion, going past 2021's record tally of Rs 1.19 trillion. Swiggy's Rs 11,327 crore IPO, the sixth-largest in India, and solar energy firm Acme Solar Holdings' Rs 2,900 crore IPO opened on Wednesday (Nov 6), while health-tech firm Sagility India's Rs 2,106 crore IPO opened a day earlier.

With global funds ramping up their focus on SEA, the scope for secondary deals go up in the region, said Lee Chong Min.

The post If IPOs are the only exit route in SEA, there’s a problem, says CMIA managing partner appeared first on DealStreetAsia.

What we need is actually abundant exit opportunities for startups, not unicorns, writes Beacon VC investment manager Nat Wittayatanaseth.

The post Guest post: We don’t need a unicorn in Thailand. We need a medium-sized IPO. appeared first on DealStreetAsia.

The Bangkok-listed company had planned to launch an IPO of the subsidiary in the first half of 2020.

The post SCG packaging unit’s $1b Thai IPO put on hold amid coronavirus outbreak appeared first on DealStreetAsia.

Thailand’s third-largest life insurer by assets met last month with potential advisers on the proposed share sale.

The post Thai Life seeks bank pitches for $700m IPO plan appeared first on DealStreetAsia.

Sri Trang Gloves Thailand is seeking to raise funds to increase production capacity.

The post Top Thai medical gloves maker files IPO as pandemic spurs demand appeared first on DealStreetAsia.

England stars Maro Itoje and Mako Vunipola are yet to commit to playing for Saracens in the Championship next season. Two French clubs have already expressed interest in Itoje.

EXCLUSIVE: Billy Vunipola has played a supporting role in rugby's version of House of Cards. The No 8 turned political pawn as his name was touted in promises for World Rugby elections

Shelling of Tripoli's Mitiga airport early on Saturday, part of an intensified barrage of artillery fire on the capital in recent days, hit fuel tanks and damaged passenger planes, the Transport Ministry said in a statement. Mitiga is the last functioning airport in the Libyan capital, though civilian flights stopped in March because of repeated shelling even before the country imposed a lockdown over the coronavirus pandemic. Brega Petroleum Marketing Company, part of the National Oil Corporation, said its jet fuel tanks at Mitiga caught fire after coming under attack and firemen were working to control the blaze.

Although a robust inflammatory response is needed to combat infection, this response must ultimately be terminated to prevent chronic inflammation. One mechanism that terminates inflammatory signaling is the production of alternative mRNA splice forms in the Toll-like receptor (TLR) signaling pathway. Whereas most genes in the TLR pathway encode positive mediators of inflammatory signaling, several, including that encoding the MyD88 signaling adaptor, also produce alternative spliced mRNA isoforms that encode dominant-negative inhibitors of the response. Production of these negatively acting alternatively spliced isoforms is induced by stimulation with the TLR4 agonist lipopolysaccharide (LPS); thus, this alternative pre-mRNA splicing represents a negative feedback loop that terminates TLR signaling and prevents chronic inflammation. In the current study, we investigated the mechanisms regulating the LPS-induced alternative pre-mRNA splicing of the MyD88 transcript in murine macrophages. We found that 1) the induction of the alternatively spliced MyD88 form is due to alternative pre-mRNA splicing and not caused by another RNA regulatory mechanism, 2) MyD88 splicing is regulated by both the MyD88- and TRIF-dependent arms of the TLR signaling pathway, 3) MyD88 splicing is regulated by the NF-κB transcription factor, and 4) NF-κB likely regulates MyD88 alternative pre-mRNA splicing per se rather than regulating splicing indirectly by altering MyD88 transcription. We conclude that alternative splicing of MyD88 may provide a sensitive mechanism that ensures robust termination of inflammation for tissue repair and restoration of normal tissue homeostasis once an infection is controlled.

In 1964, Millie Small made one of only two or three trips back to her homeland, Jamaica, and it is an occasion that is engraved in singer Dennis Alcapone’s heart. He was fortunate enough to have actually seen the sensational My Boy Lollipop singer...

Leading textbook publisher S Chand has priced its initial public offering (IPO) in a price band of Rs 660 to Rs 670 per equity share.