Author: Deal Street Asia Online News

Hyundai India’s record $3.3b IPO subscribed 18% on day 1 of biddingInstitutional investors including BlackRock and Fidelity snapped up shares worth $9…

Hyundai Motor India’s $3.3 billion IPO was 18% subscribed on the first day of bidding on Tuesday, led by employees who placed orders for four-fifths of the shares reserved for them in the country’s largest share sale yet. The three-day share sale, the first by an automaker in India in two decades, ends on Thursday.… Continue reading Hyundai India’s record $3.3b IPO subscribed 18% on day 1 of biddingInstitutional investors including BlackRock and Fidelity snapped up shares worth $9…

Tokyo Metro said to be raising $2.3b in Japan’s biggest IPO in six yearsThe IPO was more than 15 times oversubscribed.

Tokyo Metro is expected to raise 348.6 billion yen ($2.3 billion) after pricing its initial public offering at the top end of its range, according to two sources familiar with the matter, in the largest IPO in Japan for six years. The IPO was more than 15 times oversubscribed, said the sources, with the firm’s… Continue reading Tokyo Metro said to be raising $2.3b in Japan’s biggest IPO in six yearsThe IPO was more than 15 times oversubscribed.

BlackRock, Fidelity snap up Hyundai India shares in record $3.3b IPOThe Government of Singapore and BlackRock together picked up stakes worth a total …

Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country’s largest share offering yet. The Government of Singapore and BlackRock together picked up stakes worth a total of $77.3 million, while Fidelity bought shares worth… Continue reading BlackRock, Fidelity snap up Hyundai India shares in record $3.3b IPOThe Government of Singapore and BlackRock together picked up stakes worth a total …

India: Quick commerce heroes look to ride on food delivery againSwiggy, Zepto, and Blinkit are taking a second shot at instant food delivery.

In India’s red-hot quick commerce industry, the competition is no longer just about delivering groceries or daily essentials in a jiffy. The likes of Swiggy, Zepto, and Zomato’s Blinkit are now slugging it out to deliver freshly prepared meals to your doorstep in less than 15 minutes. Go to Source

India Digest: Anicut raises $11m for private credit fund; Perceptyne snags $3mAnicut Capital has raised $11m through the GIFT City Structure.

Multi-asset investment firm Anicut Capital said on Monday that it has raised $11 million through the GIFT City Structure for its third Private Credit Fund. Separately, Perceptyne, a deeptech, AI-first robotics startup, said it has raised $3 million in seed funding. Anicut raises $11m for private credit fund Multi-asset investment firm Anicut Capital has raised… Continue reading India Digest: Anicut raises $11m for private credit fund; Perceptyne snags $3mAnicut Capital has raised $11m through the GIFT City Structure.

Indian fine jewellery maker GIVA shines with $30m extended Series B roundThe funding round facilitated the partial exit of A91 Partners and India Quot…

Indian fine jewellery retailer GIVA Jewellery on Monday said it has raised Rs 255 crore ($30.4 million) in its extended Series B round led by Premji Invest, Epiq Capital, Edelweiss Discover Fund, and the top management of GIVA. The funding round, comprising 35% primary investment and 65% secondary investment, facilitated the successful partial exit of… Continue reading Indian fine jewellery maker GIVA shines with $30m extended Series B roundThe funding round facilitated the partial exit of A91 Partners and India Quot…

Hyundai India flags off $3.3b IPO in country’s largest ever share saleHyundai will not issue new shares in the IPO.

Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country’s largest ever share offering and world’s second biggest IPO in 2024. The IPO shows that India’s red hot capital markets show no sign of cooling,… Continue reading Hyundai India flags off $3.3b IPO in country’s largest ever share saleHyundai will not issue new shares in the IPO.