Thursday, November 28
Food delivery giant Swiggy Ltd has raised Rs 5,085 crore from anchor investors ahead of its initial public offering (IPO), which opens on Wednesday.Marquee funds who participated in the anchor round include Kotak MF, ICICI Prudential MF, Fidelity, Nomura, Axis MF, HDFC Life, ICICI Pru Life, Invesco, HSBC, Citigroup, Bofa Securities, Bandhan Multi Cap, Tata Large Cap, Societe Generale, Avendus, Tata Large Cap, SBI MF among others.The issue comprises a fresh equity sale of Rs 4,499 crore with an offer for sale (OFS) for 17,50,87,963 equity shares.The company has fixed the price band at Rs 371-390 per share, where investors can bid for 38 shares in one lot and in multiples thereafter.Ahead of the issue opening, the company's shares were trading with a GMP of Rs 12 in the unlisted market. This
Oil India’s second-quarter profit surged more than five times to Rs 1,834 crore in this financial year from Rs 325 crore a year earlier on an exceptional provision last year.The company’s revenue declined 7% year-on-year to Rs 5,519 crore in the July-September period. Profit before exceptional items and tax fell 10% to Rs 2,305 crore for the quarter. The company had provided for an exceptional item of Rs 2,363 crore in the year-ago quarter.Its operating margin fell to 30.4% from 34.9% a year earlier.Oil India’s operating profit on both oil and gas sales fell from a year earlier. Operating profit in oil fell 23% to Rs 1,467 crore and in gas by 25% to Rs 571 crore.Ahead of the earnings announcement, Oil India shares closed 4.87% higher on the BSE on Tuesday, when the benchmark Sensex e
