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Lenskart's IPO is generating significant discussion. Deepak Shenoy, CEO of Capitalmind Asset Management, noted the drama and unpredictability of IPO markets, drawing parallels to Honasa's IPO. Lenskart's valuation has raised eyebrows, with some fund houses clarifying their investment decisions. The eyewear retailer's IPO opened for subscription recently.
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News and Media
Pine Labs, an Indian fintech company, has reduced its initial public offering size. Existing investors will sell fewer shares, and the company will raise less new capital. The IPO is scheduled for November 7 to November 11. This move comes as India sees a busy primary market with several other tech firms also planning listings.
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News and Media
Phoenix Mills Ltd. witnessed a significant 39% surge in its consolidated net profit, reaching Rs 303.99 crore in the second quarter of the current fiscal year. This impressive growth was fueled by a substantial increase in total income, which climbed to Rs 1,146.21 crore. The company, a prominent developer of retail-led mixed-use projects, saw its profits rise from Rs 218.
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News and Media
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