IPO

India’s Largest IPO: Hyundai Submits Draft Papers

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India's Largest IPO: Hyundai Submits Draft Papers for ₹25,000 Crore

Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, today filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO to raise around $3 billion (Rs 25,000 crore). “The objects of the offer are to carry out the Offer for Sale of … Read more

E-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months

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Meesho

Meesho, a burgeoning Indian e-commerce startup, has achieved a significant milestone by reporting its maiden profit and is now setting its sights on a potential stock market debut within the next 12-18 months, according to a senior executive from the company. In the fiercely competitive Indian e-commerce landscape, Meesho has been pitted against giants like … Read more