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India’s organized food services market is expected to grow at about 10.5% CAGR to $37 billion over FY2020-25E, capturing a 46% market share, up from 40% at present
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Government may sell up to 5.8 crore shares at the floor price of Rs 680 per share, and raise up to Rs 3,949.34 crore via OFS
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The CarTrade platform allows customers to buy and sell used cars as well as new cars.
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DIL also owns brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar.
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Proceeds from the fresh issue will be used for funding capital expenditure requirements, repay debt and general corporate purpose
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The IPO market is described as a primary market where firms look to access long-term capital
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Edelweiss Financial Services, Axis Capital, ICICI Securities, JM Financial and Yes Securities (India) are appointed as investment bankers to the issue.
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Rolex Rings, Exxaro Tiles, Shriram Properties, Paras Defence and Space Technologies and Arohan Financial Services are among other players which have also filed their initial share sale papers with Sebi
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PowerGrid InvIT is owned by the state-owned PowerGrid Corporation of India.
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The IPO comprises a fresh issue of equity share of the bank worth Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Fincare Business Services