If you have missed investing in the IPO of companies this week, then you do not have to worry. Actually, Yatra Online Limited has got approval to bring Initial Public Offering (IPO).
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If you are looking for IPOs of companies this week (IPO), then you do not need to worry. Actually, Yatra Online Limited has got the approval of Securities and Exchange Board of India (SEBI) to bring Initial Public Offering (IPO). Yatra Online Inc., the parent company of Yatra Online Limited, gave this information. As per the draft documents, the company will raise Rs 750 crore in fresh shares under the IPO. shares will issue. Apart from this, an offer for sale (OFS) of 93,28,358 equity shares will also be made.
Where will the company use the money received from IPO?
Nasdaq-listed Yatra Online Inc said in a statement that Yatra Online Limited received approval from markets regulator SEBI on November 17 in respect of the IPO documents submitted in March. The company will use the funds raised from the IPO for strategic investments, acquisitions and business expansion.
Let us tell you that since the Corona period, new investors have increased more towards the stock market. Apart from investing money in shares, there are many other ways to earn in the stock market. Here investors can also earn well by investing money in IPO.
26 companies brought IPO so far in 2022
Let us tell you that according to the data available on the stock markets, so far in the year 2022, 26 companies have brought IPOs to raise Rs 48,000 crore. Last year, Rs 1.19 lakh crore was raised from 63 IPOs. Market experts said that the IPO market has been weak in 2022 due to volatility in the secondary market.
Earlier on Friday, the listing of Bikaji Foods and Global Health took place. Both the shares opened with a better gain compared to the issue price of the IPO. The share of Bikaji Foods opened at 321 on BSE. The issue price of the stock was kept at Rs 285-300, which means the stock got listed at a premium of 7 per cent over its issue price. The stock had touched a high of Rs 335 in the first hour of trading. That is, on the lot size of 50 shares, the investor got a profit of Rs 1750 on the application of Rs 15 thousand. The issue of the company opened on 3 November and closed on 7 November.
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