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Etihad profit more than triples to almost $500 mn ahead of expected IPO
VCCircle
ยท
5m ago
Medial
Etihad Airways reported a substantial net profit increase to $476 million last year, driven by $5.7 billion in passenger and $1.1 billion in cargo revenue. With operational improvements, the airline is poised for an IPO, potentially involving a 20% stake sale. Owned by Abu Dhabi's wealth fund ADQ, Etihad aims to enhance its global presence amid regional diversification. Recent expansions include new destinations and a terminal, boosting capacity for future growth.
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India's Tata Technologies IPO oversubscribed within hours of first day of bids
Reuters
ยท
1y ago
Medial
India's Tata Technologies' initial public offering (IPO) has been oversubscribed within hours of bidding, indicating strong demand for the Tata Group's first public float in almost two decades. The IPO, priced between 475-500 rupees, has received bids worth 55.23 billion rupees ($663.47 million) as of Wednesday afternoon, surpassing the 45 million shares on offer. Investors have bid for more than 110.4 million shares, oversubscribing the IPO by 2.45 times.
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Tata Group doubles revenue, triples profit and market cap in five years with Rs 5.5 lakh crore โfuture fitโ push: N Chandrasekaran
Economic Times
ยท
16d ago
Medial
Tata Group, under Chairman N Chandrasekaran, nearly doubled its revenue and more than tripled its net profit and market capitalization over five years by investing โน5.5 lakh crore to become "future fit". The group's FY25 revenue reached โน15.34 lakh crore with a net profit of โน1.13 lakh crore and a market cap of โน37.84 lakh crore. TCS remained the major profit contributor, and Tata Sonsโ revenue rose by 24% despite a dip in net profit.
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SaaS Unicorn Fractal Eyes $500 Mn IPO, To File DRHP By November
Inc42
ยท
10m ago
Medial
Fractal, a company offering AI and advanced analytics solutions to Fortune 100 companies, plans to raise $500 million through its IPO at a minimum valuation of $3.5 billion. The IPO is expected to take place in Q1 2025 and will likely involve a combination of fresh equity shares and offer for sale.
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Indiaโs Renewable Energy Capacity Triples as It Eyes 500 GW Target by 2030
OutlookIndia
ยท
2m ago
Medial
India's renewable energy capacity has tripled over the last decade, reaching 232 GW, including large hydropower plants, up from 75.52 GW in 2014. The country aims for a 500 GW target by 2030, reflecting strong growth in clean energy. Solar energy capacity has grown significantly, now exceeding 108 GW from 2.82 GW, while wind energy has more than doubled. India is also expanding its solar cell and wafer production to reduce import dependence.
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Fractal To File DRHP By Sep For $600 Mn IPO At $3 Bn Valuation
Inc42
ยท
1y ago
Medial
The enterprise tech startup Fractal is planning to go public on the Indian stock market at a valuation of approximately $3 billion. The company's initial public offering (IPO) is expected to raise between $500 million and $600 million, with existing investors selling a significant portion of their shares. Fractal specializes in artificial intelligence and advanced analytics solutions, catering to Fortune 500 companies.
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Accel nets over $300 mn from selling Freshworks shares
The Arc Web
ยท
1y ago
Medial
Accel, a venture capital firm, has sold a stake of 6.7% in SaaS unicorn Freshworks over the past year, according to filings. The firm divested about 20 million shares, with an estimated return of $260 million to $500 million. Despite Freshworks' shares currently trading lower than its IPO price, Accel is still expected to make substantial profits. Accel originally invested in Freshworks in 2011 and still holds over 13% of the company, which has a market cap of $5.5 billion. Accel has also had successful exits from companies like Flipkart, realizing $1.7-1.8 billion from a $100 million investment.
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Infra.Market Lines Up 8 Investment Bankers For $700 Mn IPO
Inc42
ยท
11m ago
Medial
Infra.Market has chosen Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, and others to serve as advisors for its initial public offering (IPO). The IPO is expected to be valued between $500 million and $700 million but may increase depending on market conditions. Established in 2016, Infra.Market operates a construction product marketplace and oversees the entire value chain from manufacturing to logistics.
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Physics Wallah Selects 4 Investment Bankers For $500 Mn IPO
Inc42
ยท
10m ago
Medial
- Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan have been shortlisted as bankers for Physics Wallah's upcoming IPO. - The proposed IPO is expected to include a combination of fresh issuance of shares and offer for sale. - The deal size is yet to be finalized but may aim to raise between $400 Mn to $500 Mn. - Physics Wallah recently raised $210 Mn in a funding round led by Hornbill Capital, effectively doubling its valuation to $2.8 Bn.
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Exclusive: Construction Unicorn Infra.Market Looks To Raise $60 Mn Debt
Inc42
ยท
1y ago
Medial
Mumbai-based construction startup Infra.Market plans to raise around $60 million (INR 500 crore) in debt over the next two months. The company aims to secure working capital ahead of this year. This announcement follows Infra.Market's recent debt funding of $12 million from SK Finance and Kairus Dadachanji. In FY23, the startup achieved sales of INR 11,846.5 crore, a 90% increase from the previous year, but saw a 17% drop in net profit to INR 155.2 crore. With a valuation of $2.5 billion, Infra.Market has raised over $600 million in funding so far.
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Zepto triples annualised GOV to $3B in eight months ahead of IPO
YourStory
ยท
6m ago
Medial
Zepto, a quick commerce unicorn, has tripled its annualised gross order value to $3 billion in eight months, with revenue for FY24 doubling to Rs 4,454 crore. Co-founder and CEO Aadit Palicha credits this to the team's discipline and execution, with plans for profitability soon. Founded in July 2021, Zepto competes with firms like Swiggy Instamart and Blinkit. Preparing for an IPO, it aims to raise over $500 million while enhancing domestic shareholding.
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