Markets regulator SEBI has approved the IPO of Adani Wilmar worth Rs 4500 crore. Apart from this, Star Health Insurance’s IPO worth Rs 5500 crore has also been approved.
Markets regulator SEBI has approved the IPO of Adani Wilmar worth Rs 4500 crore.
The country’s IPO market is out. One after the other, many companies are bringing their initial public offering ie IPO. Now Adani Wilmar, a company of Adani Group led by veteran industrialist Gautam Adani, is also going to bring IPO. According to sources in CNBC TV-18, the country’s market regulator SEBI has approved the IPO application of Adani Wilmar. FMCG company Adani Wilmar wants to raise Rs 4500 crore through fresh issue in its IPO.
Let us tell you that Adani Wilmar edible oil brand Fortune (Fortune) manufactures. This company is a joint venture company formed between Adani Group’s flagship company Adani Enterprises and Asian agri business Wilmar International.
Star Health Insurance has also got approval from SEBI
Star Health Insurance has also got approval from SEBI. Apart from this, SEBI has also approved India’s largest private health insurance company Star Health Insurance to bring IPO. Significantly, the share of Star Health in the health insurance market is around 15.8 percent. Significantly, Rakesh Jhunjhunwala, a veteran investor, also has a stake in Star Health Insurance.
Star Health Insurance is looking to raise Rs 5,500 crore through its proposed IPO. The company’s IPO issue will have a fresh issue of Rs 2000 crore while an offer for sale of 6,01,04,677 equity shares will be there. Through this offer for sale, the promoters and existing shareholders of the company will sell their stake.
Indian companies raised $9.7 billion, the highest figure in two decades
This is the highest figure in two decades for a period of 9 months. According to the EY report, a total of 72 IPOs came in the Indian market during January-September. Earlier in 2018, 130 IPOs came in India in the first nine months of the year.