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BY STRATEGY DIRECTOR, ROB MCGOWAN.
A few days ago, Adidas CEO Kasper Rorsted announced that the brand would be pursuing the goal of their marketing becoming 100% digital.
A trained marketer, Mr Rorsted stuck the knife in to more ‘traditional’ channels during an interview with an American TV station, announcing “Digital engagement is key for us; you don’t see any TV advertising anymore”.
Working, as I do, in an insight driven media agency, this troubles me. Despite the many recent scandals involving digital attribution and measurement across all the major platforms, ‘digital’ continues to enjoy a commanding stake at the top table of marketing.
Putting the issues of measurement to one side, I am potentially more confused about the assertion from Mr Rorsted that TV is no longer important. Earlier this month, Thinkbox posted the results of their analysis of video consumption in the UK for 2016. These showed that TV accounts for 94% of video advertising, and 75% of total video viewing.
You Tube accounts for 0.7% of total ad viewing and all other online video (including facebook) accounts for 5.2% in case you were wondering.
To be fair, the figures for viewing video on TV have dropped since last year – from 76% to 75%. I hardly think that this signals the death of TV.
I also think it is strange to announce that you will be going digital only without also providing the facts and figures as to why (to be fair, he may well have done to his board, in which caser I humbly back down).
It seems like channels are being put before strategy. Zaid Al-Qassab, the top marketer from BT was in the press recently expressing his frustration at the dominance of ‘digital’ in the vernacular of marketers; “We need to stop saying the word ‘digital’. When marketing was growing in the first half of the 20th Century, particularly around print, we didn’t call them paper marketers did we? The word just has nothing to do with consumers” he told Marketing Week.
The last part of his quote is, for me, the most important. Unless a detailed analysis of the consumer, their media consumption habits, the market you operate in and the product set you hold suggests that digital is the only way forward it seems foolish for me to announce that as your strategy.
Why handicap yourself in already hyper-competitive times`?
Look at the data, do your research, speak to your customers. I bet the less fashionable channels – TV, print, outdoor etc will still figure highly in their consciousness.


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- April 12, 2022
An estimated $8million worth of rare and beautiful coins have been revealed for an upcoming auction held by The Royal Mint, the original maker of UK coins, and Taisei Coins, Japan’s largest numismatic firm. The numismatic giants have joined forces to offer the global coin collecting community the opportunity to bid on the impressive range in the upcoming international auction, taking place at the Tokyo International Coin Convention 2022.
An exceptional international Auction
The Royal Mint and Taisei Coins have now opened online registration for the auction allowing potential bidders the opportunity to browse...

domain: news


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Snap Inc., the parent of Snapchat, is creating its own marketing spectacle by only selling its new camera glasses in vending machines set up in random locations around the country.
The company began selling the glasses, named Spectacles, which look like retro sunglasses and allow users to take photos and record video, one day last week in L.A. in a vending machine called a Snapbot, according to Wired. Since then the vending machines have traveled across the country, landing in remote pop-up locations for a day and appearing to quickly sell out of the $129.99 glasses.
The company announces the location about 24 hours ahead and recently directed people to a blue whale in Catoosa, Okla.
When prospective buyers walk up to the machine, it turns on and will allow them to virtually try on different colors of the glasses before buying.
The glasses capture 10 seconds of circular video at a time, when the user presses a button on the side, and the images captured sync with the Snapchat app. The battery on the Spectacles lasts for about a day and it can be recharged in the Spec’s case.
This is the first hardware product for Snap, which is better known for its photo app Snapchat.
The launch of the product comes as Snap has reportedly filed confidentially to go public, in an offering that could value the company at $25 billion.


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By Claus Hetting, Wi-Fi NOW CEO & Chairman
No announcement, no press release, no fanfare of any kind – but it does appear that Intel last week released what we believe is the world’s first Wi-Fi 6E (6 GHz) client device. Meanwhile reliable rumour has it that Samsung’s new Galaxy S21 Ultra will be 6E-capable. The new Samsung phone will be released inside of a couple of months, Android Police says.
With no announcement of any kind, it emerged last week (from various sources including this one) that Intel has begun delivering what we believe is the world’s first Wi-Fi 6E capable device in the shape of an M.2-format card that can be installed into compatible desktops or laptops.
The product has been named ‘M.2 2230 Desktop Wireless Kit’ and ships from China – you can order it from this online reseller. If you want your desktop or laptop PC to actually connect to a network using 6E technology, your are of course going to need a Wi-Fi 6E Access Point. The only 6E-capable Wi-Fi AP thus far released – that we know of – is this unit from ASUS released just a few weeks ago. So yes, if you want to get started on 6 GHz Wi-Fi networking already today, it is indeed already possible with commercially available equipment.
Meanwhile – as we’ve already alluded to in a previous post – Samsung is as expected on track to become the world’s first phone maker with a 6E product. According to exclusive fresh rumours from the Android Police publication Samsung will incorporate 6 GHz Wi-Fi into their flagship Galaxy S21 Ultra product. Android Police says the Galaxy S21 launch is just ‘a few months out’.
The Wi-Fi chipset platform for the Samsung Galaxy S21 Ultra is – as always – provided by Broadcom, who also supplies Wi-Fi technology to Apple. Thus Broadcom continues to supply the world’s two largest phone manufacturers with Wi-Fi technology.


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The competent authorities have put many regulatory requirements in place over the years to control the flow and quality of packaging materials and waste produced and made available to consumers. All this is part of a circular economy dynamic which consists of accelerating the change of our production model and our consumption to limit waste and preserve natural resources through recycling, reuse and reuse of products. as well as by the development of products from renewable resources (bio-based products). Several laws have been published in the European Union (Directive 94/62 / EC, Directive 2008/98 / EC, EU Directive 2018/852, EU Directive 2019/904, etc.) and in France (law n ° 2015-992; law n ° 2018-938 and law n ° 2020-105) to support this environmental transition. The latest is the French anti-waste law for a circular economy, law n ° 2020-105 of February 20, 2020 (AGEC), in response in particular to EU Directive 2008/98 / EC, Directive 2018/852 and EU Directive 2019 / 904, which aim to transform our linear economy system (produce, consume and dispose) into a circular economy with innovative and sustainable business models, products and materials.
Follow general rules fixed at the EU level AND satisfy rules fixed at the national level, particularly in accordance with the organisation of material waste by eco organisms; as an example, Targets in particular on product recycling have therefore been set by the European Union (EU Directive 2018/852) according to a well-defined timetable. France has taken more restrictive measures in the case of plastic packaging by setting a goal of moving towards 100% recycling of these products by 2025 and by ending single-use plastic packaging by 2040 to favor the reuse and reuse of manufactured products.


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Brazil-based payments processor StoneCo has registered for an IPO of its Class A common shares in the US.
The filing has been made with the US Securities and Exchange Commission, but has not come into effect.
Goldman Sachs & Co, J.P. Morgan Securities and Citigroup Global Markets are serving as global coordinators for the offering.
StoneCO is a POS terminal developer in Brazil which provides companies with handheld payment processors. The platforms support transactions from MasterCard, Visa, American Express, Hiper, and elo, among others.
The company’s platform also includes a mobile app which supports clients with their sales and business management, with tools including real-time reporting.
Earlier in the month, Funding Circle launched its IPO on the London Stock Exchange, reaching £300m. Following the offerings, the company was valued at £1.5bn.
Last month, Brazil-based P2P SME lender Nexoos reportedly raised $530,000 in its pre-Series A round. Investors included the Brazilian family office Loyall and the funds will be used the company’s acquisition of a Brazilian banking license.
Brazil’s FinTech sector was dominated by WealthTech companies last year, with the space accounting for 66 per cent of capital. According to data by FinTech Global, payments and remittance companies only received a 2 per cent share of capital deployed.


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Cannazon market link offerlarge spectrum of goods dark web 2020. Apr 23, 2019 Another dark web marketplace bites the dust --Wall Street Market. "Investigators were ableto shut down the marketplace and turn off the of the Wall Street Market, the second largest dark web exchange. Jan 14, 2021 Bitcoin initially became popular as a way to pay for illegal goods on the dark web marketplace the Silk Road. See Information in Action. It's a Darknet marketplace on the TOR network which lets you buy products and substances which either are illegal, hard to come by or controlled. President Biden hits the road to go on offense against rising prices and falling poll numbers, Senator Elizabeth Warren joins Marketplace. Marketplace. Marketplace url: wall street market darknet url House Market Alternative.
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By J Buxton Cited by 108 43 The FBI described Silk Road as 'the most sophisticated and extensive criminal marketplace link darknet market on the. Internet' with a turnover of wall street market darknet url billion and generation of. Wall Street Market Exit Scams Then BKA Announces Seizure DarkOwl Vision indicates the marketplace went offline sometime in early March. The other big dark web marketplace --the Dream Market-- previously Cyber forensics course specialists reported that Wall Street Market. The marketplaces, Wall Street Market and Valhalla (Silkkitie), largest illegal online marketplacewere detained in the wall street market darknet url. In Germany. From the notorious Silk Road to smaller copycat sites, how the German administrators of Wall Street Market, another darknet marketplace.
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As a voice actor, he has over fifty audiobooks to his credit. Status- (online) The World Market is the latest renowned CC shop on the darknet links marketplace. Payments Cards & Mobile is the go-to market intelligence hub for global payments news, research and consulting. You need to be security and anonymity-conscious while accessing these markets, and the process of doing so begins much before you type the URL for any of these markets on your browser. The legacy of the AlphaBay and Hansa marketplaces recently had the darknet community momentarily excited over the prospects that Hansa was returning with the administrators seeking donations to assist with the cost to rebuild the servers and interface. Once betrayed, it's hard to bring herself to trust again. Attorney General Jeff Sessions called AlphaBay's seizure "the largest dark Web criminal market takedown in history. Prosecutors say they wall street market darknet url were able to identify Oliveira-Annibale by connecting his online persona with forum comments and pictures he posted years earlier. What do Abraham Lincoln, Fyodor Dostoyevsky, Louis Pasteur, Frederick Douglass, Florence Nightingale, and John D. Tor-hidden online narcotics store, ‘The Farmer’s Market’, brought down in multinational sting. In fact, a whole team of officers took turns impersonating the two admins, so that when wall street market darknet url disputes between buyers and sellers escalated beyond the moderators' authority, undercover agents were ready to deal with them even more efficiently than the real admins had.
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The NFT of 'the world's first Twitter post', which was sold for more than 300 million yen a year ago, is on sale, but the bid amount is less than 1 million yen.
Jack Dorsey posted the 'World's First Twitter Post' in 2006 at auction as a non-fungible token (NFT) for $ 2,915,835 (at that time). It was sold at a rate of about 111 million yen). Then, in April 2022, the winning bidder again auctioned the 'world's first Twitter post' NFT, but the highest bid at the time of writing the article was only $ 6,247.
In March 2021, Twitter co-founder
'Jack Dorsey's First Tweet' NFT Went on Sale for $ 48M. It Ended With a Top Bid of Just $ 280
https://www.coindesk.com/business/2022/04/13/jack-dorseys-first-tweet-nft-went-on-sale-for-48m-it-ended-with-a-top-bid- of-just-280 /
Jack Dorsey's first-tweet NFT is no longer worth millions --Protocol
This is the 'world's first Twitter post' posted by Mr. Dorsey on March 22, 2006.
just setting up my twttr— Jack ⚡ (@jack) March 21, 2006
In March 2021, Dorsey's 'World's First Twitter Post' was put up for auction as an NFT that could identify the owner of digital data as a unique item. In the end, the NFT was sold by Iranian crypto entrepreneur Sina Estavi for $ 2,915,835.
'The oldest existing Twitter post' can be auctioned for over 270 million yen-GIGAZINE
On April 7, 2022, Estavi announced that he would put the world's first Twitter-posted NFT in an auction and donate 50% of his revenue to the charity Give Directly. At this time, Mr. Estavi estimated the donation amount to be more than 25 million dollars (about 3.13 billion yen), and expected that the NFT would be sold for more than 50 million dollars (about 6.26 billion yen). pattern.
I decided to sell this NFT (the world's first ever tweet) and donate 50% of the proceeds ($ 25 million or more) to the charity @GiveDirectly— Estavi (@sinaEstavi) April 6, 2022
???? https://t.co/cnv5rtAEBQ pic.twitter.com/yiaZjJt1p0
In response to this tweet, Dorsey said, 'Why don't you make it 99%?'
why not 99% of it?— Jack ⚡ (@jack) April 7, 2022
The 'world's first Twitter post' NFT was listed with the expectation of a significant price increase, but if you check the auction page at the NFT market giant OpenSea , the highest bid at the time of writing the article is only $ 6247. Far from being far below $ 50 million, it's less than one-400th of the winning bid a year ago.
Estavi told Coindesk, a crypto-related media, in a WhatsApp message, 'If a good offer comes in, I may accept it and never sell it,' he abandons the sale. It suggests the possibility.
Although NFTs grew significantly in 2021, some criticized NFTs as 'just a tech-savvy elite MLM .' In addition, many fraud cases related to NFT projects have been reported , and in 2022, a total of 200 million yen of NFTs were stolen at OpenSea.
Regarding the NFT of 'the world's first Twitter post', which is the topic of this time, 'People claim to' own 'tweets made by others and sell them, but the tweets are Twitter and the poster. It is managed by, and this logic is strange. ' One person said, 'This is like claiming that I own Hagia Sophia (a mosque in Turkey) and can sell it. I don't. This is anyone other than the Turkish people. It's not a thing, 'he said, pointing out that if Mr. Dorsey deletes the tweet, the NFT would be meaningless.
In addition, Mr. Estavi was arrested in Iran in May 2021 after purchasing the NFT of 'the world's first Twitter post', and the virtual currency exchange CryptoLand that he owned was closed. In addition, it has been announced that the Bridge Oracle token deployed by Estavi will be renewed from the Tron blockchain to the Binance smart chain and token swap will be performed, but this process will take several months.
in Web Service, Posted by log1h_ik


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UK: Pawnbroker Abermarle & Bond continues deal search after buyer walks away
Cash-strapped pawnbroker Albemarle & Bond’s bid to secure a rescue deal has been dealt a blow after a potential buyer walked away.
Albemarle said it was still in talks with a number of other interested parties following the withdrawal of corporate turnaround firm Better Capital, whose investments include parcel delivery firm City Link and fashion business Jaeger.
The pawnbroker put itself up for sale in early December after its trading was hit by a slump in gold prices and rising competition in a sector that has more than doubled in size over the past five years.
It has been trading at a loss in recent months and is in danger of breaching financial covenants while it looks to secure its future before the end of a three-month reprieve from its lenders at the start of February.
Rival chain H&T is understood to be one of a number of trade and financial buyers that have formally lodged interest in buying Albemarle.
Albemarle, which also trades as Herbert Brown, has reduced the size of its estate to under 200 sites, having closed its pop-up gold buying stores.
It said today: “The board of Albemarle & Bond understands that Better Capital has withdrawn its interest in the company’s formal sales process. The board confirms that the formal sales process is ongoing and that it is continuing discussions with a number of interested parties.”
- 1 14 players that could solve Town's left-sided problem
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- 4 Community sadness after death of man who was found in river
- 5 Former Suffolk poultry farm site could be converted into homes
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The company recently revealed that measures taken to remain within its £53.5 million borrowing limit included a clampdown on lending through its Speedloan and online arm, as well as a “programme of exceptional smelting” of gold items bought by its stores.
It has also seen a mass exodus of board directors, with five of its six non-executives recently quitting with immediate effect - leaving chairman and former chief executive Greville Nicholls as the only remaining non-executive at the pawnbroker.


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Upcoming IPOs in India 2021
Twenty eight companies have already made their maiden offers till July 2021, including Zomato, Barbeque Nation Hospitality Limited, PowerGrid InVit, Comstar, PSU NBFC, IRFC and Brookfield India REIT.
After a strong performance by the IPO segment in 2020, experts and analysts are hopeful that the buoyancy will continue in the new year.
If we look at the list of upcoming IPOs in 2021, it includes nearly 31 companies from different industries, including some Indian tech-startup giants.
Upcoming IPOs in 2021
The market trends are expected to remain strong about the forthcoming IPOs. See the upcoming IPO list below:
|IPO||Tentative Issue Size (in Rs. Crores)||Tentative Issue Date|
|Sansera Engineering||1282.98||14 September 2021|
|Ruchi Soya||4,300||September 2021|
|Aditya Birla Sun Life AMC||3,000||September 2021|
|Star Health and Allied Insurance Co. Ltd.||3,000||September 2021|
|Arohan Financial||1,800||September 2021|
|Penna Cement||1,550||September 2021|
|Utkarsh Small Finance Bank||1,350||September 2021|
|Fincare Small Finance Bank||1,330||September 2021|
|ESAF Small Finance Bank||998||September 2021|
|Shriram Properties||800||September 2021|
|Shri Bajrang Power and Ispat Ltd.||700||September 2021|
|Studds Accessories||450||September 2021|
|Paras Defence||200||September 2021|
|Nykaa||3,500 - 4,000||2021-22|
|PharmEasy||3,000 - 3,700||2021|
|Gemini Edibles and Fats||2,500||2021|
|CMS Info Systems||2,000||2021|
|SAMHI Hotels||1,800 - 2,000||2021|
|MedPlus Health Services||1,639||2021|
|Fino Payments Bank||1,330||2021|
|Paradeep Phosphates||1,225 + OFS||2021|
|Supriya LIfescience Ltd.||1,200||2021|
|Srei Equipment Finance||1,100||2021|
|Apeejay Surrendra Park Hotel||1,000||2021|
|Inspira Enterprise India Ltd.||800||2021|
|Medi Assist Insurance TPA Pvt. Ltd.||850||2021|
|Fusion Micro Finance||600 + OFS||2021|
|Seven Islands Shipping||600||2021|
|Latent View Analytics||600||2021|
|Hinduja Leyland Finance||500||2021|
|VLCC Health Care||300 + OFS||2021|
|Annai Infra Developers||200-250||2021|
|Go Colors||125 + OFS||2021|
|Popular Vehicles and Services||150 + OFS||2021|
|Tarsons Products||150 + OFS||2021|
|Prudent Corporate Advisory Services||₹ To Be Updated||2021|
|Tracxn Tech||₹ To Be Updated||2021|
|Sapphire Foods||₹ To Be Updated||2021|
|Urban Company||₹ To Be Updated||2021|
|Aakash Educations||₹ To Be Updated||2021|
|Century Metal Recycling||₹ To Be Updated||2021|
|HDB Financial||₹ To Be Updated||2021|
|HP Adhesives||₹ To Be Updated||2021|
|*Both, the issue size and date, is tentative and might vary once the issue goes live in the markets.|
The upcoming IPO list looks long. Here is a glimpse of all the companies that are planning to debut in the public market.
Sansera Engineering is a leading auto-component maker in India, which is in line to go public next. This public issue will have a total valuation of Rs. 1282,98 crores, and it will contain only an offer for sale of 17,244,328 equity shares of existing stakeholders. The face value of Sansera Engineering IPO is Rs. 2 per share. This is Sansera Engineering’s 2nd attempt to launch an IPO. Previously, they applied and received approval from SEBI in 2018 but did not see it through.
Ruchi Soya is gearing up for a follow-on offer of Rs. 4300 crores to lower Patanjali’s share to 75% or below. Patanjali acquired the manufacturer of Nutrela soya chunks in 2019 via the insolvency court and listed on the bourses again in January 2020. Its shares climbed approximately 8000% in six months of being listed. Patanjali will dilute at least 9% of its stake in the company to comply with SEBI’s norms since it’s planning to launch its IPO by this year’s end.
Aditya Birla Sun Life
Aditya Birla Sun Life IPO, which was kept in abeyance before, received the go ahead from SEBI on 7 August 2021. The company is gearing up to float its Rs. 3,000 crore IPO and hopes to get its shares listed soon. The IPO comprises a total 3.88 crore shares, out of which there will be an OFS of 28.51 lakh shares from Aditya Birla Capital, alongside Sun Life AMC’s 3.6 crore equity shares. The IPO will likely launch in September.
Star Health is India’s first standalone insurance provider, with an impressive roster of overseas travel, personal accident, and health policies as well as Bancassurance. In FY20, the company has underwritten premiums worth Rs.6865 crores, clocking Rs.1889 crores in net worth. Star Health filed the DRHP with market regulator, SEBI on 22 July 2021 for an IPO comprising Rs. 2000 crores in fresh issuance and 60 million offer-for-sale shares.
Arohan Financial has filed with SEBI for Rs. 1800 crore IPO. The small finance lender plans to collect Rs. 850 crores from fresh shares. The remaining comprises secondary components of 2,70,55,893 equity shares. The IPO is likely to open in August 2021. Arohan Financial specialises in offering microfinancing to the unbanked population. According to a 2020 report, they had 2.21 million active borrowers in 17 states, including twelve of India’s fourteen low-income states.
Penna Cement is one of the well-known cement manufacturers of India, with an annual production capacity of 10 million tonnes. It has a strong presence in Southern and Eastern India. The company has received a get-go from SEBI to launch an IPO. This public offering will be worth Rs. 1550 crores, comprising fresh issue equity shares of Rs. 1300 crores and an OFS of Rs. 250 crores. The dates and price band of this public offering are not announced yet.
Shri Bajrang Power & Ispat Limited
Shri Bajrang Power & Ispat Limited is planning to launch a public offering of Rs. 700 crores as per the DRHP filed by the company with SEBI. This IPO will comprise 41,18,000 fresh issue equity shares at face value of Rs. 10 each share. The company will use its proceeds from this public offering to fund working capital requirements and paying current debts.
Fincare Small Finance Bank
The Bengaluru based small finance bank is eyeing an IPO size of Rs 330 crore. Starting in 2017, the bank achieved the highest growth rate between FY18 and FY20. It offers a hoard of banking products, including savings account, current account, FD, recurring deposits, NRI's FD, microloans, gold loans, loan against property, two-wheeler loan, and institutional finance.
ESAF Small Finance Bank
ESAF Small Finance Bank has filed DRHP to raise nearly Rs. 998 crores from their public offer. The offer contains Rs 800 crores of primary issues. The rest is an offer for sale from stakeholders such as Bajaj Allianz and PNB MetLife. ESAF Small Finance Bank is relatively new to the small finance segment, starting in 2016. They have grown fast in the last four years, and currently, have 400 branches and over 4000 employees. On 31st March 2019, their after-tax profit stood at Rs 111.11 crores.
Shri Bajrang Power & Ispat Limited
Shri Bajrang Power & Ispat Limited is planning to launch a public offering of Rs. 700 crores as per the DRHP filed by the company with SEBI. This IPO will comprise 41,18,000 fresh issue equity shares at face value of Rs. 10 each share. The company will use its proceeds from this public offering to fund working capital requirements and paying current debts.
MobiKwik on 12 July 2021 filed a DRHP with plans to raise Rs. 1900 crores through its IPO. The offer will contain fresh share issues worth Rs. 1500 crores. It will further comprise an offer for sale worth Rs. 400 crores by promoters and select shareholders. Founded in 2009, MobiKwik is one of India’s leading digital payment companies. As per its Annual Report 2020, the company currently serves 3 million retailers and around 120 million users across India.
One of the leaders in India's defence and space research segment, Paras Defence, is going public with an IPO of Rs. 200 crores. It will include equity shares of Rs. 120 crores and OFS of 17,24,490 shares from present investors. The company is also considering a pre-IPO allotment of Rs. 35 crores. The face value of Paras Defence IPO will be Rs. 10 per equity share, but its price band is not available yet. Proceeds from this public issue will be used to meet capital expenditure requirements.
Aditya Birla Sun Life AMC
Aditya Birla Sun Life AMC is ready to hit the IPO route with a Rs 1500 - 2000 crore valuation. The company is involved in offering portfolio management, offshore fund management, and alternative investment services.
Life Insurance Corporation India (LIC) Ltd.
Finance Minister, Nirmala Sitharaman cleared the roadblocks of LIC divestment, and now the largest state-owned life insurance company is set to issue initial public offering shares in 2021. Once launched, it will be the largest IPO launch in India close to a value of Rs 7,000-8,000 crores. The Union government plans to raise Rs 2.1 lakh crores from the divestment of LIC and IDBI Bank will offload around 90,000 shares of LIC.
The Indian e-commerce payment and Fintech company plans to roll out a Rs 160 billion IPO and will file draft papers with SEBI in July. They will raise money by selling primary and secondary shares, offering an exit to its investors. The company is aiming at a post-IPO valuation of USD 24-25 billion.
PolicyBazaar is the fifth Indian start-up that has plans to roll out its IPO in 2021. The PolicyBazaar IPO is expected to be of around Rs. 6,500 crore in size and will comprise a mix of OFS and fresh share issue. As per regulatory filings, existing investors will be able to sell their shares directly via exchanges. Founded in 2008, PolicyBazaar is a leading online life and general insurance aggregator. PolicyBazaar’s parent company PB Fintech converted itself into a public limited company to move forward with the company’s IPO.
The IPO size of Bajaj Energy is expected to be around Rs 5,450 crores, including Rs 5,150 crores fresh shares. The company is one of the major private limited thermal power generation companies with a gross installed capacity of 2,4330 MW. The company is looking to acquire Lalitpur Power's 1980 MW plant from the funds from the proceeds. The remaining fund will be used to meet other general expenses.
Adani Wilmar, one of the major FMCG players in the Indian market filed its DRHP with SEBI on 2 August 2021 to float its IPO. The initial public offer will comprise an issue of fresh equity shares, without any secondary issue. The company is hoping to raise Rs. 4,500 crores via its IPO. Adani Wilmar, by the year 2027, is hoping to become the largest food company in the country. It is hoping to achieve its feat by listing its shares in the public market.
Nykaa is one of the tech-startups eyeing the public investment route in 2021-22. Founder Falguni Nayar said to a newspaper source that Nykaa might hit the market with a Rs. 3500 - Rs. 4000 crore IPO offer. It initially planned to launch a public offer during 2020 but delayed it due to COVID-19 pandemic. The IPO will put Nykaa's valuation at $4.5 billion. Currently, the company is looking to achieve overall profitability before it hits the IPO route. It has recently raised an undisclosed amount which valued the company at USD 1.8 billion.
They are an online marketplace where buyers can buy medicines from local pharmacies and book diagnostic tests. Pharm Easy has applied for an IPO size of Rs 3,000- 3,700 crore to take the company's value to USD 3 billion.
The economic passenger airline plans to raise Rs 3,600 crore through a maiden public offer. They have filed necessary documents in this regard with the market regulator, SEBI.
Aditya Birla Sun Life
Aditya Birla Sun Life IPO, which was kept in abeyance before, received the go ahead from SEBI on 7 August 2021. The company is gearing up to float its Rs. 2,000 crore IPO and hopes to get its shares listed soon. The IPO comprises a total 3.88 crore shares, out of which there will be an OFS of 28.51 lakh shares from Aditya Birla Capital, alongside Sun Life AMC’s 3.6 crore equity shares. The IPO will likely launch in September.
Gemini Edibles and Fats
The manufacturer of ‘Freedom’ sunflower edible oil is all set to launch its Rs. 2500 crore IPO. The company is the second one in this particular sector that is gearing up to go public, after Adani Wilmar. The entire issue will be an offer for sale and the company will not receive any proceeds from the divestment. One of its investors, Golden Agri International Enterprises, is diluting stakes worth Rs. 750 crore in this IPO.
CMS Info Systems
One of India’s leading finance companies. CMS Info Systems Ltd. has filed an IPO comprising an offer for sale worth Rs. 2000 crore. The promoter, Sion Investment Holdings is divesting its shares. The promoter had acquired CMS Info Systems in 2015. CMS is a company involved in cash and ATM management, ATM maintenance and installation services, and more.
SAMHI is an asset manager and hotel owner that operates in the institutional ownership model. Courtyard and Fairfield by Marriott in Bengaluru and Four Points by Sheraton Visakhapatnam are among the 27 hotels across 12 Indian cities that the company is currently managing. The approximate IPO size of Rs 1,800-2,000 crores will contain fresh issues of Rs 1,100 crores.
MedPlus Health Services
One of the leaders in the pharma retail chain industry - MedPlus, filed its IPO with SEBI on 18 August 2021. The company is all set to raise Rs. 1639 crores via an initial share sale. The initial public offer will comprise an issue of fresh equity shares worth Rs. 600 crores, alongside an offer for sale of Rs. 1038.71 crore by its shareholders and promoters.
Ixigo, one of India’s leading travel booking app is planning to go public with an initial public offer of Rs. 1600 crore. Existing investors like Micromax, Elevation Capital are looking to exit partially from the company with this IPO, while one of its previous investors, MakeMyTrip has already exited. The company is aiming to raise Rs. 750 crore via an initial fundraise and Rs. 850 crore via an offer for sale as a part of this IPO.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is a fast-growing small finance bank in the nation. They have filed with SEBI seeking approval for Rs 1,350 crore IPO, consisting of up to Rs 750 crores in primary issues and Rs 600 crores in an offer for sale.
Fincare Small Finance Bank
Another small finance bank, Fincare Small Finance Bank, had filed draft papers with SEBI in May. They are planning to mobilise Rs 1,330 crores, including Rs 330 crores in fresh shares and Rs 1000 crores in OFS. Thanks to its digital-first approach, Fincare Small Finance Bank achieved the highest growth rate between FY18 and 20 amongst the small finance banks in the country.
Fino Payments Bank
Fino Payments Bank filed its draft red herring prospectus with SEBI to float an initial public offer. The bank is looking to raise Rs. 300 crore via an initial sale of fresh equity issues, alongside an offer for sale of 15.60 million shares. The proceeds from the initial share sale will be utilised to boost its Tier 1 capital base and meet requirements in the future.
Sterlite Power Transmission, backed by billionaire Anil Agarwal has filed its DRHP with SEBI for a Rs. 1250 crore IPO. The company, founded in 2009 has 25 sold and current projects under its portfolio, spanning 13,700 circuit kilometres. The company is also considering a pre-IPO fundraising round for shares worth up to Rs. 200 crores.
Paradeep Phosphates, one of India’s leading fertiliser companies has filed its draft red herring prospectus. The company’s initial public offering will comprise a fresh issue of equity shares worth Rs. 1255 crores. Zuari Agro and the Government of India are divesting their shares in the company. The offer for sale is for 120,035,800 shares, having a face value of Rs. 10 each.
Supriya LIfescience Ltd.
The company proposed to raise Rs 1200 crore in an IPO offering that will combine Rs 200 crore in primary issues and Rs 1000 crore in an offer for sale. The IPO is scheduled for FY22.
RateGain, a SaaS based travel and hospitality services provider, filed its DRHP with SEBI to float its IPO. The tentative size of RateGain’s IPO is going to be Rs. 1200 crores, of which Rs. 400 crores will be fresh issue of equity shares and the rest will comprise and offer for sale of 2.26 crore shares. The proceeds from this IPO will be utilised to foster organic growth via integration of artificial intelligence, technology innovation and more.
Srei Equipment Finance
Kolkata-based Srei Equipment Finance offers loans for buying equipment that are used in construction and infrastructure development projects. They are looking to raise Rs 2000 crores from the IPO market.
Apeejay Surrendra Park Hotels
The hotel chain may raise Rs 1,000 crores from the market in IPO. The issue will contain fresh scrips worth Rs 400 crores and offer for sale of up to Rs 600 crores worth of shares.
Inspira Enterprise Pvt. Ltd.
Inspira Enterprise Pvt. Ltd. is looking to raise Rs. 800 crores via an IPO. This IPO will comprise an OFS of Rs. 500 crore from its existing promoters and shareholders and a Rs. 300 crore fresh issue of equity shares. The proceeds from this share will be used to fund working capital and the rest will be utilised for debt repayment.
Bengaluru-based Shriram Properties will soon join others in the public market. They have submitted papers to raise Rs 800 crores from the market, containing both fresh equities and offer for sale shares. The company dominates the south-Indian market with a presence in several cities, although Bengaluru and Chennai are its two major markets. Among other cities, they have a presence in Kolkata. The realtor builds mixed-used properties and specialises in mid-market affordable houses.
Medi Assist Insurance TPA Pvt. Ltd.
They have received approval from SEBI to float an IPO that consists of an offer for sale of 2. 80 million equity shares. It is the first time a third party insurance administrator company is issuing an initial public offering in the Indian market.
SJS Enterprises is looking to raise Rs. 800 crores via its IPO. The company filed its DRHP with SEBI on 29 July 2021 for an initial public offer comprising an offer for sale of Rs. 688 crores. The company will not be receiving any proceeds from this offer.
Keventer Agro, a flagship of the Keventer Group, is looking to float its initial public offer. The company wants to raise about Rs. 800 crores via its IPO. After the IPO, the company’s total valuation might reach Rs. 2500 crores. Keventer Agro is one of the largest food and beverage companies in Eastern India. Its turnover is about Rs. 1000 crores.
Chemspec Chemicals announced a Rs. 700 crore IPO on 15 July 2021 in an effort to boost its brand image and enhance its visibility in the market. Its IPO will consist of a pure sale offer by its existing promoters and shareholders. The company is one of the country’s most renowned manufacturers of critical additives in FMCG products. It generated a revenue of Rs. 505.91 crores in the FY2021, while its net profits stood at Rs. 81.08 crores.
Muthoot Microfin IPO
The company is one of the fastest-growing NBFC-MFI and the fifth largest in the nation. They focus on providing micro, sustainability loans to women in the rural sectors. According to a CRISIL report, they had 1.2 million active borrowers in FY18. Their IPO will contain both fresh issues and offered shares from promoters.
Fusion Microfinance, one of India’s banks in the microlending sector is looking to raise more than Rs. 600 crores via an initial public offer. The Warburg Pincus backed financial lender has filed its IPO papers with SEBI to raise Rs. 600 crores through fresh equity shares, alongside an OFS from its existing promoters and shareholders.
Seven Islands Shipping
Seven Islands Shipping, operational since 2003 in the segment of cargo shipping for crude oil, is the third-largest seaborne logistic company in India in terms of deadweight tonnage. They manage a fleet of twenty vessels with a total deadweight capacity of 1,105,682 metric ton.
Latent View Analytics
Latent View Analytics, a start up engaged in providing data analytics related services is gearing up to launch its IPO late in 2021. The company has filed its DRHP with SEBI, with its initial share sale comprising fresh equity shares worth Rs. 474 crores, alongside an offer for sale. Proceeds from this IPO will be utilised to fund working capital of its subsidiaries, bolster inorganic growth and increase its capital base.
Hinduja Leyland Finance
It is the financing arm of the commercial vehicle market Ashok Leyland. HLF is looking to raise around Rs 500-700 crores from the IPO market. The offer containing both primary and secondary components will find its way to the market in the near to mid-term.
The company manufactures helmets, motorcycle accessories and riding gears. In 2020 the company had approximately 30 percent market share. It aims to increase its portion to 40 percent in the next three years.
VLCC Health Care
One of India’s largest homegrown beauty and wellness brands, VLCC Health Care is all set to launch its IPO. The company filed its DRHP with SEBI in August 2021 and is looking to raise Rs. 300 crores via fresh equity shares, alongside an OFS from its existing shareholders and promoters. Proceeds from this IPO will be utilised to set up wellness centres across India and in the Gulf Cooperation Council region.
Harsha Engineering is the most significant player in its domain in making bearing cages occupying 50 percent of the market share in India. Harsha Engineering enjoys a 5-6 percent share in the global market in the segment of organised brass, steel, and polyamide cages. They are looking to raise Rs 370 crores in fresh issues and will also release 1,325,000 shares in secondary components.
Annai Infra Development
The company operates in areas of engineering, procurement and construction of water management and irrigation segments. The approximate IPO size is Rs 200-250 crores.
Go Colors, one of the subsidiaries of Go Fashion (India) has filed a draft red herring prospectus with SEBI to raise funds via an IPO. The company’s IPO will comprise a fresh issue share worth Rs. 125 crores alongside an offer for sale of 12.88 million shares by its existing promoters and shareholders. The proceeds from this IPO will primarily be utilised to establish 120 new brand outlets by FY2023.
They are producers of a wide variety of chemical and organic fertilisers. Over the years, the company has expanded its operation and product base and enjoys leadership positions in several product segments. Their IPO will be a combination of both primary and offer for sale shares.
Popular Vehicles and Services
One of the leading companies engaged in automotive dealerships, Popular Vehicles and Services, is looking to raise funds via its IPO. The initial public offer will comprise issuance of equity shares worth Rs. 150 crores and an Offer for Sale of 4,266,666 shares. The company will utilise the proceeds from this IPO to repay its existing debts.
Tarsons Products Ltd.
Tarsons Products Ltd. one of the leading life sciences companies in India is looking to raise funds via an IPO. Its DRHP says that the IPO will comprise sale of fresh equity shares worth Rs. 150 crores and an offer for sale of 13.20 million shares. The firm is engaged in the production of a range of laboratory equipment.
Sansera Engineering’s IPO will comprise only an offer for sale of 17,244,328 shares by existing promoters and shareholders. This is the company’s second attempt to get listed. Sansera had earlier filed a DRHP with SEBI in 2018. The issue size of the IPO is unknown.
Prudent Corporate Advisory Services
One of India’s renowned mutual fund distributors, Prudent Corporate Advisory Services, is looking to launch its IPO in the latter half of 2021. The IPO will comprise an offer for sale of 8,549,340 shares, at a face value of Rs. 5 each. The offer will also include a reservation for purchase by Prudent Corporate’s eligible employees.
Tracxn Technologies has filed a DRHP with SEBI to float its IPO. While the date for the IPO is still unknown, it will most likely take place in the latter half of 2021. The IPO will comprise an OFS of 38,672,208 shares by existing shareholders and promoters. The company is a SaaS based market intelligence provider.
After Devyani International, Sapphire Foods, an operator of Pizza Hut and KFC outlets, is all set to launch its IPO. The IPO will be entirely an offer for sale of 17,569,741 shares. The company is one of the largest franchisees of Yum! Brands and is backed by several renowned marquee investors.
Urban Company is a gig marketplace organising blue-collar jobs helping customers find a wide range of services from beauty and salon, home improvement, home cleaning, and more. The company's Co-founder, Abhiraj Singh Bhal, recently said that an IPO is a near possibility for their company.
Aakash Educations IPO
Aakash Educational Services provides comprehensive test preparatory services to students appearing for the 12th board exam and other competitive exams. They also offer foundation courses to students between class 8 and 10. The first centre was formed in 1988, and in 2018 Aakash Education was operating in 103 cities through 170 classroom centres.
Century Metal Recycling IPO
CMR commenced its business in 2006, and from the beginning, it maintained high paced growth by leveraging the latest technology. It is the largest in the nation producing aluminium and zinc die-cast alloys with a combined capacity of 218,000 metric tonnes.
HDB Financial IPO
The non-banking financial arm of HDFC Bank enjoys a robust market valuation due to the strong backing of HDFC Group, which owns a 95.1 percent stake in the business. They have decided to watch the market amid rising cases of COVID-19 before floating the IPO.
HP Adhesives is the leading producer of solvent cement in Asia. Overall, it offers nearly 25 products, primarily catering to the real estate sector. The company filed its DRHP with SEBI recently for an IPO comprising approximately 41.40 lakh fresh shares and 457200 offer-on-sale shares.
Recent IPOs in 2021
|IPO||Issue Size (in Rs. Crores)||Price Band||Issue Date||Lot Size|
|Vijaya Diagnostic||₹1895.04 Cr||₹522 - 531||1-Sept-2021||28|
|Ami Organics||₹569.64||₹603 - 610||1-Sept-2021||24|
|Devyani International||₹1,838 Cr||₹86 - 90||4-Aug-2021||165|
|Krsnaa Diagnostics||₹1,213.33 Cr||₹933 - 954||4-Aug-2021||15|
|Windlas Biotech Pvt. Ltd.||₹401.54 Cr||₹448 - 460||4-Aug-2021||30|
|Exxaro Tiles||₹161.09 Cr||₹118 - 120||4-Aug-2021||125|
|Rolex Rings||₹731.00 Cr||₹880 - 900||28-July-2021||16|
|Glenmark Lifescience||₹1,200 Cr||₹695 - 720||27-July-2021||20|
|Tatva Chintan||₹500 Cr||₹1073 - ₹1083||16- July- 21||13|
|Zomato||₹9,375 Cr||₹72 - ₹76||14- July- 21||195|
|Clean Science and Technology Ltd.||₹ 1,546 Cr||₹ 800-900||7- July-21||16|
|G R Infraprojects Ltd.||₹ 963.28 Cr||₹828-837||7- July-21||17|
|India Pesticides||₹800 Cr||₹296||23-June-21||59|
|KIMS Hospitals Ltd.||₹2,413 Cr||₹825||16-June-21||18|
|Dodla Dairy Ltd.||₹520.18||₹428||16-June-21||35|
|Sona Comstar||₹5,550 Cr||₹285-291||14-June-21||51|
|Shyam Metallics||₹909 Cr||₹303-306||14-June-21||45|
|Power Grid InvIT||₹7,734.99 Cr||₹99 - ₹100||29-April-21||1100|
|Macrotech Developers Limited||₹ 2,500 Cr||₹483 - ₹486||07-Apr-21||30|
|Barbeque Nation Hospitality Limited||₹ 452 Cr - ₹ 453 Cr||₹498 - ₹500||24-Mar-21||30|
|Nazara Technologies Limited||₹ 582 Cr - ₹ 583 Cr||₹1100 -₹1101||17-Mar-21||13|
|Suryoday Small Finance Bank Ltd||₹577 Cr - ₹581 Cr||₹303 - ₹305||17-Mar-21||49|
|Kalyan Jewellers||₹ 1,175 Cr||₹86 - ₹87||16-Mar-21||172|
|Craftsman Automation Limited||₹823 Cr - ₹824 Cr||₹1488 - ₹1490||15-Mar-21||10|
|Laxmi Organics||₹600 Cr||₹129 - ₹130||15-Mar-21||115|
|Anupam Rasayan||₹760 Cr||₹553 - ₹555||12-Mar-21||27|
|Easy Trip Planners Limited||₹510 Cr||₹186 - ₹187||08-Mar-21||80|
|MTAR Technologies||₹595 Cr - ₹596 Cr||₹574 - ₹575||03-Mar-21||26|
|Heranba Industries||₹625.24 Cr||₹626 - ₹627||23-Feb-21||23|
|RailTel Corporation Of India Limited||₹ 811 Cr - ₹ 819 Cr||₹93 - ₹94||16-Feb-21||155|
|Nureca Limited||₹ 100 Cr||₹396 - ₹400||15-Feb-21||35|
|Brookfield India REIT||₹3,800.00 Cr||₹274 - ₹275||03-Feb-21||200|
|Stove Kraft Limited||₹ 411.80 Cr - ₹ 412.63 Cr||₹ 384 - ₹385||25-Jan-21||38|
|Home First Finance Company India||₹1,153.72 Crore||₹517 - ₹518||21-Jan-21||28|
|Indigo Paints Limited||₹1,168 Cr - ₹1,169 Cr||₹1488 - ₹1490||20-Jan-21||10|
|Indian Railway Finance Corporation||₹ 4,455 Cr - ₹ 4,633 Cr||₹25 - ₹26||18-Jan-21||575|
Vijaya Diagnostic IPO opened on 1 September 2021 and was subscribed 4.54x on its closing day. The company had filed initial preliminary papers with SEBI on 7 June 2021 to raise funds via an initial public offering. Even though early forecasts for this IPO looked promising, Vijaya Diagnostic made a tepid debut on Dalal Street. Vijaya is a healthcare service centre based out of Hyderabad. The company runs 80 diagnostic centres in 13 cities across India, alongside 11 reference laboratories.
Ami Organics develops over 250 intermediates for active pharmaceutical ingredients (APIs). The company’s IPO opened on 1 September 2021 and closed on 3 September 2021. During these 3 days, Ami Organics IPO was oversubscribed by 64.54 times.
Devyani International IPO opened on 4 August and closed on 6 August 2021. During this time it received total bids for 13,13,79,21,555 shares, as compared to 11,25,69,719 shares on offer. Devyani International Ltd. is the largest franchisee of Pizza Hut, KFC, and Costa Coffee and also the biggest Indian quick-service restaurant company to register on the Swiggy platform. The company was looking to raise up to Rs. 1838 crores via its IPO.
Pune-based Krsnaa Diagnostics is the largest diagnostic service provider in India, leading in Pathology and Radiology. It presently operates across 14 Indian states such as Maharashtra, Rajasthan, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu. The company’s IPO opened on 4 August and closed on 6 August 2021. During this time, the IPO received bids for 69,83,95,230 shares over the 71,12,099 shares that were on offer. On the last day of its bidding, Krsnaa Diagnostics IPo was subscribed 98.2 times on the last day of its IPO.
Windlas Biotech Pvt. Ltd.
The Windlas Biotech IPO which opened on 4 August 2021 was fully subscribed on the very first day it opened for offer. The company received 22.47x bids for its shares on offer. The company had also received Rs. 120.46 crores from its anchor investors before its issue opened. Windlas Biotech is among the top five operatives in the pharmaceutical formulations contract development and manufacturing organisations (CSMO) segment.
The Exxaro Tiles IPO, which opened on 4 August 2021 received tremendous response on the very first day and was fully subscribed within a few hours. As per data available on the exchanges, the company received bids for 25.96 crore shares, against its 1.14 crores shares on offer. Exxaro’s IPO marked the first public offer in the ceramics industry in a span of 10 years.
Rolex Rings’ Rs. 731 crore IPO opened on 28 July 2021 and received bids amounting to 74,16,00,096 shares against 56,85,556 shares that were on offer. The company is expected to get listed on 11 August 2021. Rolex RIngs is regarded as one of the top 5 foreign companies operating in India. It’s engaged in automotive component manufacturing, offering an assorted roster of products. It serves the commercial vehicle, passenger car, two-wheeler, industrial machinery, and railway segments, among others.
Glenmark Lifesciences IPO
The IPO contained primary issues of Rs 1,160 crores and another part of 7.31 million OFS shares from parent Glenmark. The IPO opened on 27 July 2021 and closed on 29 July 2021. The IPO was subscribed nearly 45 times. They are a leader in producing active pharmaceutical ingredients (API). In 2019 and 2020, revenue from API production was 84.16 and 89.87 percent, respectively.
Tatva Chintan Pharma IPO
Tatva Chintan Pharma Chem Limited closed its initial public offering on 20 July 2021, after being subscribed 180.36 times. The offer comprised issue of fresh equity shares amounting to Rs. 225 crores and an offer for sale worth Rs. 275 crores. This chemical manufacturing company is one of the largest Indian manufacturers of SDAs for zeolites. It exports to more than 25 countries globally, including China, the USA, South Africa, the UK, and Germany. In FY2020, exports accounted for 76% of its total revenue.
Zomato floated its Rs 9,375 crore IPO on 14 July 2021. The subscription window remained open until July 16, 2021. During this period, Zomato IPO was subscribed 38.25 times. Zomato operates in India and 24 other countries, including Sri Lanka, Slovakia, and South Africa, reaching nearly 10,000 cities. Along with Swiggy, Zomato owns a significant share in India's online food delivery segment.
Clean Science and Technology Ltd. IPO
Clean Science is involved in producing specialty chemical products using in-house technology that is eco-friendly and cost-effective. Their IPO, which opened on 7 July for three days, received 93.41 times subscription on the final day.
G R Infraprojects Ltd. IPO
G R Infraprojects Ltd. IPO opened on 7 July 2021. It was a pure offer for sale issue of 1,15,08,704 equity shares to offer exit to current promoters and shareholders. The offer was oversubscribed in all categories and received 102.58 times subscription in total.
Indian Pesticides IPO
The agro-chemical technical company launched its IPO on 23 June 2021, closing two days later on 25 June. Indian Pesticides IPO was subscribed 29.04 times during this window. Indian Pesticides is one of the fastest growing companies in its sector in India in terms of volume in FY 20. Indian Pesticide is the sole producer of formulations like folpet and thiocarbamate herbicide in India (among the top five globally).
KIMS Hospitals IPO
KIMS Hospitals IPO, with an issue size of Rs. 825 crores, was open for subscription between 16 June 16 and 18 June. It was subscribed 3.86 times during this period. KIMS is a multi-specialty, multi-disciplinary corporate healthcare group operating in Telangana. It offers specialty and super-specialty treatment in 25 branches of healthcare with a focus on tier- 1, 2, and 3 cities with nine hospitals under its brand.
Dodla Dairy IPO
Dodla Dairy, a leading player in the dairy segment, made an impressive debut with its IPO on 16 June 2021. Its shares started trading at Rs. 550 on the NSE, which was 28.50% higher than Rs. 428, its initial issue price. The company’s Rs. 520 crore IPO was subscribed 45.61 times. According to a CRISIL report, Dodla Dairy was the second-largest private player in the industry in December 2020 regarding daily raw milk procurement.
Sona Comstar IPO
Sona Comstar’s Rs. 5,500 crore IPO was subscribed 2.28 times after bidding started on 14 June 2021. Following this, the company got listed under both BSE and NSE on 24 June 2021 and managed to make a lukewarm debut. Sona Constar’s scrip noted a 3.92% and 3.44% increase over its issue price on BSE and NSE, respectively. The company is a leader in auto component manufacturing, catering to the global EV market. It produces highly engineered, mission-critical components and supplies to OEM manufacturers in the US, Europe, China, and India.
Shyam Metalics and Energy IPO
Shyam Metallics rolled out an IPO issue of Rs. 909 crore on 14 June 2021, and was subscribed 121 times, during the 2-day bidding period. It then proceeded to make a decent debut on both NSE and BSE, with the scrip getting listed at 24.28% and 19.93% over the issue price, respectively. The company proposes to use the proceeds from the offer to repay debt and meet general corporate expenses.
PowerGrid Infrastructure Investment Trust InvIT IPO
Powergrid Corporation of India, belonging to the 'Maharatna' category, is a PSU responsible for constructing, managing, and distributing power supply across the nation. They are the largest power transmission company in India. Powergrid launched Invit IPO to raise capital funding to finance its infrastructure projects. The offer was subscribed 4.83 times in the retail segment in April 2021.
Macrotech Developers (Lodha Developers) Limited IPO
The Rs 2,500 crore IPO from Lodha received 1.4 times subscription on the last day. Macrotech released its issues in the price band of Rs 483-486.
Barbeque Nation Hospitality Limited IPO
Barbeque Nation IPO is backed by the heavyweight Rakesh Jhunjhunwala. The Rs. 453 crore IPO had equity shares priced at Rs.498-Rs.500 with a market lot of 30 shares. It received 5.98 times subscription on the last day.
Nazara Technologies IPO
Nazara Technologies IPO received 175.46 times subscription, making it the second most successful IPO launch in 2021 after MTAR Technologies IPO. Investors oversubscribed in all three segments of qualified institutional buyers, non-institutional investors, and retail.
Suryoday Small Finance Bank IPO
Suryoday Small Finance Bank is operative in Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu, Delhi, Karnataka and some union territories. It plans to launch an IPO worth Rs 400 crores containing two crores equity shares (1.6 crores in fresh equities and rest in OFS shares).
Kalyan Jewellers IPO
Known jewellery brand Kalyan Jewellers said it is planning to raise Rs 1,750 crores from the market through IPO. The offer will contain both fresh shares and offer for sales scrips from the current promoters. Founded in 1993, the brand has 137 showrooms spread in India and Gulf countries.
Craftsman Automation IPO
The auto component manufacturer's IPO offer will contain fresh issues worth Rs 150 crores and 45.21 lakh shares in OFS.
Laxmi Organic Industries IPO
The IPO size is Rs 800 crores, containing Rs 500 crores of fresh issues and remaining OFS shares. Laxmi Organics is a specialty chemicals company. Its peers Rossari Biotech and Chemcon Specialty made stock exchange debut in 2020, and both were oversubscribed 80 and 149 times respectively.
Anupam Rasayan IPO
The Indian IPO market saw another successful launch with Anupam Rasayan IPO that hit the market in March and was subscribed 31 times. The company is engaged in cotton synthesis and specialty chemicals production with two business verticals - life science-related specialty chemicals and other specialty chemicals.
Easy Trip Planners IPO
Easy Trip Planners' IPO received a whopping 159 times subscription in its three day subscription period. Easy Trip Planners is the second largest online travel agent in the nation regarding gross revenue earning. The agency offers a host of services related to ticket booking, hotel booking, holiday planning, packages, bus tickets, cab booking, and value-added services like travel insurance.
MTAR Technologies IPO
MTAR Technologies is a leader in the precision engineering industry, involved in producing mission-critical precision components. The public market debutant made a solid listing with a healthy oversubscription of 200.79x.
Heranba Industries IPO
Heranba Industries launched a Rs 625 crores IPO in the price range of Rs 626-627 to increase its post-issue implied market capital to Rs 2,505-2,509 crore. Gujarat based Heranba Technologies produces crop protection chemicals with clear market leadership in developing synthetic pyrethroids, like cypermethrin, deltamethrin, and lambda-cyhalothrin.
Railtel Ltd. IPO
RailTel plans to raise Rs 700 crores from the market by divesting 8.66 crores offer for sale shares. The company is one of the Mini Ratna companies involved in providing network and infrastructure services to railways.
Nureca Limited IPO
Operating in the space of wellness and healthcare, Nureca is one of the fastest-growing business in the domain. The IPO was subscribed 39.93 times and received 166.65 times subscription in the retail segment.
Brookfield India REIT IPO
Brookfield REIT, backed by Canadian alternative investment company Brookfield Asset Management, gained 2.4 percent listing gain against its issue price of Rs 275. The offer received 7.94x subscriptions on debut.
Stove Kraft Limited IPO
Kitchen appliance manufacturer and supplier Stove Kraft's IPO gained 21 percent on the listing. The IPOs were launched in the price band of Rs 385 and debuted in BSE at Rs 467, pegging the company's market capitalisation value to Rs 1,429 crore.
Home First Finance Company IPO
Mortgage financier Home First Finance raised Rs 1,153.72 crores in IPO by launching its shares in the price band of Rs 517 and Rs 518. The company targets first time home buyers in the middle and low-income group sections in the urban areas. It has a strong presence in Maharashtra, Gujarat, Karnataka and some other states of India.
Indigo Paints IPO
Sequoia Capital backed Indigo Paints IPO opened on January 20, containing fresh scrips and OFS shares from promoters and investors. The issue size was Rs 1,176 crores with fresh issues worth Rs 300 crores.
Indian Railway Finance Corporation (IRFC) IPO
The fifth of the railway companies launched IPO offers as the first company in 2021. The Union government decided to divest five of the railway companies in 2017. The proceeds from the IPO, comprising fresh issues worth 118.8 crores and OFS, will help bolster the capital base to meet the railways' borrowing requirements in the future.
IPO in 2020: At a Glance
Over the last few years, the Indian IPO segment has gained prominence as a robust, emerging marketplace. 2020 particularly proved to be a good year for companies launching IPOs despite being a pandemic hit year.
Several IPOs launched during 2020 received massive oversubscription. Mrs Bectors IPO, the last IPO of 2020, received a whopping 198 times subscription and around 15 companies hauled south of Rs 25,000 crores during the year.
|Company||Issue Size (in Rs. Crores)||Price Band||IPO Date||Lot Size|
|Antony Waste Handling Cell Limited||₹ 300 Crore||₹ 313 - ₹ 315||21-Dec-20||50|
|Mrs. Bectors Food Specialities Limited||₹ 540.54 Cr||₹ 286 - ₹ 288||15-Dec-20||50|
|Burger King India Limited||₹ 804 Cr - ₹ 810 Cr||₹ 59 - ₹ 60||02-Dec-20||250|
|Gland Pharma||₹ 6,445 Cr To ₹ 6,480 Cr||₹ 1490 - ₹ 1500||09-Nov-20||10|
|Equitas Small Finance Bank||₹ 510 Crore To ₹ 518 Crore||₹ 32 - ₹ 33||20-Oct-20||450|
|UTI AMC||₹ 2152 Crore To 2160 Crore||₹ 552 - ₹ 554||29-Sep-20||27|
|Mazagaon Dock||₹ 413 Crore To 444 Crore||₹ 135 - ₹ 145||29-Sep-20||103|
|Computer Age Management Services (CAMS)||₹ 2,244.33 Crore||₹ 1229 - ₹ 1230||21-Sep-20||12|
|Chemcon Speciality Chemicals Ltd.||₹ 317 Crore To 318 Crore||₹ 338 - ₹ 340||21-Sep-20||44|
|Route Mobile Limited||₹ 600 Crore||₹ 345 - ₹ 350||09-Sep-20||40|
|Happiest Minds Technologies||₹ 698 - 702 Cr||₹ 165 - ₹ 166||07-Sep-20||90|
|Mindspace Business Parks REIT||₹ 4,500 Cr.||₹ 274 - ₹ 275||27-Jul-20||200|
|Rossari Biotech Limited||₹ 494 - 496cr||₹ 423 - ₹ 425||13-Jul-20||35|
|SBI Cards And Payment Services Ltd.||₹ 10,340.79 Cr||₹ 750 - ₹ 755||02-Mar-20||19|
It won't be wrong to mention that COVID-19 outbreak put a temporary damper in Indian IPO performance. There was four months-long dry spell between April and June when there were no IPO launches. Several companies during this time also delayed their plans to enter the market. However, once lockdown restrictions were lifted, the market picked up fast. The strong turnaround gave hope to companies and investors, which resulted in heavy participation in some of the offers.
The market is showing strong trends of recovery as COVID-19 vaccine has hit the market. More companies will try to catch the tide when investor sentiment is up, and the market is buoyant with high liquidity.
Around 30 companies are expected to go public in 2021. The above list contains names of some of those. However, it is a list of tentative IPOs and possibly will change as new updates will come. We suggest you keep visiting the page from time to time for more information on upcoming IPOs.
However, before investing in any IPO, always read the prospectus carefully and run due diligence to weigh the pros and cons of the offer.
FAQs on upcoming IPOs
How can one apply in upcoming IPOs online?
Log in to the console and enter required and UPI handle details before placing the bid. All IPO application is supported by ASBA or Application Supported by Blocked Amount, which allows the bank to block the amount for the bid value until the IPO.


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Tesla PR says announcement is incorrect.
Tesla is currently putting the final design touches of the Model 3, and Paris Motor Show has announced the car will be displayed at the show in early October. The most affordable vehicle from the EV company was revealed on March 31 at a special event held at its design center in Hawthorne, California, and was now confirmed by the organizers of the one of the biggest auto shows to make appearance in Paris in less than a month.
“At the Paris Motor Show, for the first time, the American automaker will display its most affordable model,” the official site of the event says (translated from French).
But soon after the announcement appeared on the official site of the Paris Motor Show it was… taken down. Electrek reports it reached out to Tesla to find out whether the automaker plans to bring the first prototypes of the Model 3 or new versions with the final design, and a representative for the company briefly explained the announcement is “incorrect.” So, it’s no longer available on the website of the show.
Electrek also asked whether Tesla has plans to bring the Model 3 for an European debut in Paris, but the representative did not answer.
In June, Tesla CEO Elon Musk hinted the production version of the electric sedan could debut before the end of the year at a special “big” event towards the end of 2016. Hopefully, the unveiling will bring final specifications of the car, which was already confirmed to have a 0 to 62 miles per hour (0-100 kilometers per hour) acceleration in less than six seconds and a range of up to 215 miles (346 kilometers) on a single charge.
Currently, Tesla has more than 375,000 pre-orders for the Model with production expected to start next year, when the company will assemble between 100,000 and 200,000 units. The EV manufacturer wants to produce 500,000 Model 3s in 2018 and a total of one million vehicles from all its models by the end of the decade.


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According to a report at The Wall Street Journal, the company says that OUR Walmart is seeking recognition from Walmart and, by law, may only demonstrate and protest for 30 days before collecting signatures to hold an employee vote. A company spokesman is cited as saying:
We cannot allow the UFCW to continue to intentionally seek to create an environment that could directly and adversely impact our customers and associates.
For its part, the UFCW says the protests are not supporting unionization but calling attention to working conditions at Walmart, which the union accuses of retaliating against workers who complain about pay and other conditions at the stores.
OUR Walmart has called for walkouts at Walmart stores on Black Friday, the day after Thanksgiving, and traditionally the biggest shopping day of the year. Walmart has about 1.4 million U.S. employees at more than 4,500 locations. Union protests so far have involved a few hundred workers at fewer than 50 stores.


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TouchPad fire sale notwithstanding, webOS has pretty much been on life support since August 18. Will it be moved to a different hospital or booted back into the street? We'll find out soon, according to AppleInsider. The site quotes "people familiar with the company's plans" as saying HP will hold a meeting today that "may reveal its future plans for selling or spinning off the [webOS] group."
AppleInsider reckons a sell-off is more likely than a spin-off, simply because webOS seems ill-equipped to fend for itself in the marketplace. As the site points out, even Microsoft is facing an uphill battle to push Windows Phone 7 amid heavy competition from Android, iOS, and other, smaller players.
Who could buy webOS? Believe it or not, VentureBeat reported last month that Amazon was in "serious negotiations" to snap up the business from HP. The story went so far as to say the e-tail giant was "closest to finalizing the deal, among a handful of contenders." Amazon is clearly serious about getting into the tablet arena, as evidenced by the freshly announced Kindle Fire—and it's also shown a reluctance to adopt pre-cooked software. While the Kindle Fire runs Android, it has a custom user interface and heavily emphasizes Amazon's own software. Amazon pushing its own mobile operating system doesn't sound like such a stretch.
|Friday night topic: what are you giving for Christmas?||73|
|Notes from TR's next-gen storage testing||19|
|Today's Steam deals include AC Unity, Borderlands: The Pre-Sequel||25|
|Deal of the week: A Radeon R9 290X for $280, a 960GB SSD for $339, and more||1|
|RRAM breakthrough could lead to 1Tb chips built on 28-nm tech||19|
|The TR Podcast 167.5 bonus edition: You guys ask us stuff!||3|
|AC Unity season pass holders can now redeem their free game||13|
|Our bonus TR live stream is up right now!||3|


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Celebrating the company’s decision to relocate and expand in New Jersey, Acting Governor Kim Guadagno today joined officials from Haier America to celebrate the official opening of the company’s newly renovated 56,000-square-foot headquarters in Wayne, NJ. This relocation will bring 200 jobs to New Jersey.
“Businesses always have a choice when it comes to location, and today we applaud Haier America’s decision to move to New Jersey -- a decision that proves that the Garden State is an ideal home for business, offering unique location options that companies are looking for,” said Acting Governor Guadagno. “We proudly welcome them to our state and wish them continued success for years to come.”
In October 2013, after considering sites in neighboring states, Haier America announced they had signed a 13-year lease and made the decision to relocate from Manhattan to Wayne without any state tax incentives. The company will make an estimated $3 million capital investment in the site.
The new facility will house 200 employees with room for future expansion and includes administrative offices, product and future technology showrooms, training centers and customer service operations.
“I believe that, under the leadership of this state’s administration and its senior members of the Legislature, New Jersey is growing into one of the most business friendly climates in the United States, and our company is excited to play a part in the state’s economic growth,” said Adrian Micu, President and CEO of Haier America. “Haier America is on course to become a brand-name presence in the U.S. marketplace and our move signifies not only our growth to date, but a commitment to increase our market share. As Haier America grows, so will its workforce in New Jersey.”
Haier America is a subsidiary of the multinational Haier Group, a global leader in home appliances and consumer electronics. The Haier Group employs more than 70,000 people around the world and distributes products in more than 100 countries and regions with global revenues reaching $29.5 billion in 2013. Haier America also has a sales, warehouse and logistics center in Edison, which opened in 2004.
Businesses considering a move or in need of assistance are encouraged to call New Jersey's Business Action Center at (866) 534-7789 or visit the State's Business Portal at www.newjerseybusiness.go


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Sysco, the US foodservice giant and parent company of Brakes, is consolidating its five specialist UK wholesale businesses.
Sysco Speciality Group will bring together Fresh Direct, M&J Seafood, Fresh Fayre, Wild Harvest and KFF. It said the move would enable customers to source fresh produce, fish, deli, ingredients and regional food in the same order.
At a time when the foodservice industry is struggling to cope with the HGV driver shortage, Sysco said it had invested significantly in increased stock levels, technology, logistics and infrastructure.
“Sysco Speciality Group offers a unique new proposition for UK hospitality operators,” said CEO Raj Tugnait.
“Many customers are requesting consolidated deliveries of specialist fresh produce and ingredients. In addition, they will benefit from improved efficiency, cost savings and expertise, without having to compromise on quality, range, specialist service or expertise. This innovative solution will also protect the environment through fewer deliveries.”
He added: “We continue to support some of the UK’s leading foodservice brands by helping them navigate their way through the many new challenges they face, such as accurately predicting volumes, and the industry wide staff and skills shortages.”


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Luxury car sales have fallen steeply in India, with major international players selling significantly fewer units than last year.
In January, Mercedes sold just 79 cars, down from 330 in December 2008 and down 78 per cent over January last year. Japan's third largest carmaker, Nissan, managed just four cars in January. Nissan sells its X-Trail sports utility vehicle and the sedan Teana in India.
"There is a sheer drop in luxury car sales. See the kind of discounts carmakers are offering — Mercedes has been giving discounts of up to ₹3 lakh for the past two months. Yet, sales haven't picked up," said a Mumbai-based dealer, who requested anonymity.
The luxury car segment, which was up 69 per cent in December 2008 from December 2007, is down almost 35 per cent in January 2009 from January 2008. Compared with 567 in the last month of 2008, the combined sale of luxury carmakers is down to 413 in the first month of 2009.
Only Audi, buoyed by its A4, has managed to clock a decent 114 cars in January, a growth of 126 per cent over the same month last year.
It grew from 85 cars in December 2008 to 114 in January 2009, according to a survey from JD Power Asia Pacific, a market research firm.
Mercedes acknowledged the drop and chalked out a plan to counter flagging sales. "Our initiatives in 2009 will be aimed at reinforcing our leadership position. Monthly comparisons don't necessarily reflect market trends," said Wilfried Aulbur, MD and CEO, Mercedes-Benz India.
Mercedes was upstaged by BMW, the other carmaker to buck the trend with its upgraded line of diesel sedans. It sold 223 cars, up
11 per cent from last January and the 180 it sold in December.


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What’s Going On Here? Click ‘read more’ for the latest intel.
What’s Going On Here? Click ‘read more’ for the answer, and a rendering of what’s coming. (Photo by John T. Ward. Rendering by Richard Arzberger. Click to enlarge.)
By JOHN T. WARD
For the second time in recent weeks, a craft beer operation has confirmed plans for a microbrewery in downtown Red Bank.
And according to Google Maps, it’s less than 500 feet away from the first.
There’s new construction underway on a narrow, vacant lot on Shrewsbury Avenue in Red Bank, where a pharmacist, Ritesh Shah, won approval last year to erect a four-unit apartment building with an independently owned drugstore on the ground floor. An architect’s rendering is at right.
Shah was not immediately available for comment on the estimated completion date of the project, which is next door to Lino’s Mexican Café. (Photos by John T. Ward. Click to enlarge)
Traveling America “with the purpose of feeding and supporting everyone, everywhere,” according to their Facebook page, the collective just had to make a stop at Jay and Bob’s Secret Stash, the comic book store on Broad Street, they told redbankgreen. (Photo by Trish Russoniello. Click to enlarge)


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Ford of Europe is celebrating a significant growth in Europe’s two largest markets in March. Led by incentives, Ford’s sales grew 39.6 percent to 28,300 units last month in Germany, Europe’s No. 1 market. Sales in Italy, Europe’s second largest market, grew 21.7 percent to 23,800 units.
In the United Kingdom, Ford’s sales fell by 21,000 to 62,300.
Nonetheless, France and Spain helped boost sales of the Fiesta and Ka minicars. Fiesta had its best sales month in Germany since 1998 and the Ka had its best month since 2002.
The Fiesta was Ford’s overall bestseller across Europe with 52,800 units sold in March, bringing sales to 170,000 units since its launch in autumn of 2008.
– By: The Daily Auto Editor


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Businesses Face Staff Shortages as Restrictions Ease
Since March 2020, the UK has faced a series of restrictions and lockdowns aiming to limit the spread of Covid-19. Now, as the country begins to ease away from limitations on going out to eat and drink, there is another issue facing the service industry, one of the hardest-hit sectors during the pandemic: staff shortages. Research suggests a 77% increase in vacancies, while applications for these positions have nosedived by 82%.
Revellers have been rushing to book a fun-filled summer as Covid restrictions lessen. At present, there are more than double the pre-covid numbers of events available to the public, and the amounts of bookings have skyrocketed by more than 1000%, according to ticket companies.
On the 21st of June, the UK is supposed to cast off the last remaining rules associated with the pandemic. This will mean that all limits related to people mixing at large events will be lifted, marking an end to the past year’s restrictions.
While this is cause for celebration for many, for those operating businesses and working in the service industry, it is instilling dread. The severity of the impact of the pandemic on this sector has left it with a real problem; there is far fewer staff in these jobs.
Experts say that about 50% of the pre-covid workforce is available in the industry at present. This may spell disaster for many establishments, considering the rise in bookings. Many staff who once worked at bars and clubs have moved on to other professions after lengthy periods of furlough. Now, there is a scramble in the industry to find the staff it desperately needs as we move closer to the 21st of June.
How to Find Staff
With many struggling to staff their establishments, there are some ways that your business could stand out to prospective employees before the 21st of June.
Some restaurants and pubs are offering rewards to their staff for bringing in new employees. For example, the Hawksmoor restaurant group has taken to offering up to £2,000 bonuses should their employees recommend their friends for jobs. Others have been offering gift cards to customers if they suggest candidates for positions.
Such tactics are likely out of reach for most businesses that are struggling financially in the sector. One approach, in this case, might be to enlist expert job advertisers like Hiring People. Using their advertising template and their services to improve reach when you advertise a job could help fill some gaps in the diminishing workforce. Outsourcing some of the recruitment can also help businesses save money, as it can free up time within a company for other, more pressing matters.
How the Sector Will Fare
Overall, it is not yet known how the service industry will react when restrictions are removed completely. For many, however, there is a lot of uncertainty and fear that they will survive the period. As the strain on establishments grows with the increased footfall to pubs and restaurants, the industry desperately needs staff to meet demand.


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Increase in disposable income, presence of multiple Indian brands, entry of more and more Chinese smartphone makers and exclusive online distribution of smartphones are some of the reasons that are driving the growth in the Indian smartphone market. In the past, when there were only features phones, the use of smartphones was a fantasy to the middle class and a reality for the rich. Feature phones were vital source of communicating when people were not that tech savvy and the only reason of owning a phone was to call or message someone. But now, smartphones have rapidly become a viable alternative to products like feature phones, Personal Digital Assistants (PDAs) and laptops; offering components such as voice and SMS coupled with mobile internet applications, multimedia functionality, high speed data processing capabilities and inbuilt GPS capabilities. The smartphone market in India is one of the fastest growing markets in the world and not so surprisingly this is attracting many global manufacturers to enter this space. According to a recently published report of Actual Market Research, "India Smartphone
Market Outlook, 2020", Chinese smartphone vendor BK Electronics, who has brands like Oppo and Vivo in India, has entered the top ten manufacturers list in FY 2016-17 and have seized a market share of more than 10% in terms of total shipments. Oppo and Vivo are sub-brands owned by BBK Electronics, which has been one of the biggest OEMs in the electronics industry. Oppo entered in the year 2013 and Vivo entered in the Indian market in 2014. Both these brands are catering to the premium smartphone segment in the country. Due to a margin payout that is 5-6% more than what the other international or local mainstream brands offer, both the brands have been emerging as the trade favourites among sellers in India. Moreover, they are shelling a higher amount in terms of payment for display space and branding. All of this is creating rapid inroads for both these brands into the smallest of neighbourhood stores where Samsung and domestic brands used to rule. Hence, the Chinese intrusion on the Indian smartphone market has started to give tough competition to the domestic as well international brands like Samsung, Micromax and Intex. Entry of these Chinese phone makers made domestic brands suffer in their market shares during the last financial year 2016-17. Both the brands are now making investments on product service and the price is bound to be cheaper for the consumer on a like-to-like basis than the mainstream brands without any compromise on quality. Vivo increasingly focused on the Indian market and has recently been appointed the exclusive sponsor for the IPL tournaments replacing long time brand Pepsi. Oppo also had a tie-up with popular India TV reality show ''Bigg Boss'' to reach the common household on a daily basis. Looking purely from numbers, Vivo and Oppo seem to be doing exactly what is required to earn such growth by strategising to be on the top of mind. Within a span of 2-3 years since their entry in India, Oppo and Vivo have made such a remarkable development in India that almost every mobile store has a promotional banner of either Vivo or Oppo. Another Chinese brand, Xiaomi has taken the Indian smartphone market by storm. Even though, it entered the market with a primary focus on online sales and minimalistic product portfolio, the brand managed to earn the hype and market share in FY 2016-17. From FY 2015-16 to 2016-17, the company's shipment increased by almost 67%, indicating the fact that Xiaomi is all geared up to take on the domestic as well as international smartphone manufacturers. Major companies operating in the smartphone market of India are Samsung Electronics India Private Limited, Lenovo (India) Private Limited, Apple India Private Limited, Xiaomi Technology India Private Limited, Micromax Informatics Limited, Intex Technologies (India) Limited, Oppo Mobiles India Private Limited, Vivo Mobile India Private Limited, Panasonic India Private Limited and Asus India Private Limited.


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Galaxy 5 security foiled
A Berlin-based researcher said he has managed to fool the fingerprint-based security system on Samsung Electronics Co’s new Galaxy S5 smartphone using wood glue and a picture of the original print. Ben Schlabs, who works for Security Research Labs, said the trick is identical to the one hackers used to unlock Apple Inc’s iPhone 5s last year. The S5 flaw is potentially more serious, because Schlabs said he was also able to trick the electronic payment app PayPal, which uses Samsung’s fingerprint authentication. Schlabs said users concerned about security can choose to use a strong password instead of the convenient but flawed fingerprint system.
Real-estate hikes pause
China’s new-home price increases eased across the country last month amid tighter credit that prompted developers to give discounts. Home prices from the first-tier cities to those less affluent all weakened last month, according to the National Bureau of Statistics. Prices in Beijing rose 10 percent from a year earlier, the slowest since April last year, while those in Shanghai added 13 percent, the smallest since June. Prices rose in 56 cities last month from a month earlier, compared with 57 in February, data showed.
Nokia recalls tablet chargers
Nokia on Thursday recalled 30,000 chargers for its Lumia 2520 tablet due to risk it could give customers an electric shock. The AC-300 charger, manufactured by a third-party supplier, was sold in Austria, Britain, Denmark, Finland, Germany, Russia, Switzerland and the US. The Lumia 2520 is the first tablet by Nokia. “The plastic cover of the charger’s exchangeable plug could come loose and separate,” the Finnish company said in a statement. “If loose and separated, certain internal components pose a hazard of an electric shock if touched while the plug remains in a live socket.”
GE posts Q1 results
General Electric Co’s (GE) new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, due to the sale of NBC Universal during that period. The company said on Thursday that its industrial divisions, especially oil and gas, performed well and that the global economic environment was improving. The company earned US$3 billion on revenue of US$34.18 billion in the year’s first three months, down from US$3.5 billion on revenue of US$34.94 billion during the same period last year. On a per share basis, GE earned US$0.30.
GM sold 2.42m cars in Q1
General Motors Co (GM) said it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race. The Detroit automaker said its sales grew 2 percent worldwide from January through March. The company was led by 13 percent growth in China. However, sales fell 2 percent in North America. Sales leader Toyota has yet to release first-quarter numbers, but said it is on the way to selling 10.1 million vehicles this year. Volkswagen said it sold 2.4 million vehicles in the first quarter, up almost 6 percent. Toyota finished first last year with a record 9.98 million sales. GM finished second and Volkswagen third.


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- Your Consultant
- Green Growth
|Tech goals rising for a digital decade, illustration photo|
Six years ago, when the government released its 2016-2020 economic restructuring plan, digitalisation and the digital economy still remained new concepts to policymakers.
However, these have become some of the key phrases in the country’s draft plan for economic restructuring during 2021-2025, with an overall goal to make Vietnam a nation strong in digitalisation in many key sectors of the economy.
The National Assembly (NA) has adopted a landmark resolution on economic development for 2021-2025, which set a relatively high economic growth rate of 6.5-7 per cent a year, with the country set to become a higher middle-income nation by 2025.
Under the resolution, per capita GDP by the middle of the decade is expected to be $4,700-5,000, while the ratio of the processing and manufacturing industry in GDP is set to be over 25 per cent; the ratio of the digital economy in GDP at 20 per cent; and the ratio of total factor productivity in economic growth will likely be 45 per cent. Labour productivity is projected to increase by over 6.5 per cent annually.
|Targets for Vietnam’s digital economy over the next decade |
Basic targets by 2025
- Vietnam will be among the top 70 nations in e-government in the UN Department of Economic and Social Affairs’ E-Government Development Index (EGDI);
- Digital economy will account for 20 per cent of GDP;
- Ratio of the digital economy in each industry will reach at least 10 per cent;
- Annual labour productivity will increase by at least 7 per cent;
- Vietnam will be among the top 50 nations in information;
- Vietnam will be among the top 50 nations in global competition;
- Vietnam will be among the top 35 nations in innovation.
Basic targets by 2030
- Vietnam will be among the top 50 nations in e-government in EGDI;
- Digital economy will account for 30 per cent of GDP;
- Ratio of the digital economy in each industry will reach at least 20 per cent;
- Annual labour productivity will increase at least 8 per cent;
- Vietnam will be among the top 30 nations worldwide in information, global competition, and innovation.
Source: National programme on digital transformation until 2025, with a vision to 2030
Fostering a digital economy
“Digital transformation (DT) will be implemented drastically, with construction of a digital economy, a digital government, and a digital society in the 2021-2025 period,” said a government report on Vietnam’s economic restructuring plan just submitted to the NA for discussion. “Economic restructuring must be considered a pivotal and persistent task that must be implemented in concert among sectors and from the central to the grass roots levels. It must rely on science and technology, innovation, and DT.”
The plan is scheduled for adoption on November 12.
Last year, the Politburo promulgated a conclusion on overcoming the impacts of COVID-19 for national economic recovery and development. The conclusion underlined the need for Vietnam to develop a digital government, a digital economy, and a digital society with renovation and application of science and technology. “Resources are gathered to develop a number of shared technological platforms and national key database systems,” the conclusion stated. “It is necessary to boost the formulation of policy frameworks and complete legal frameworks for new business models and for DT.”
Also last year, the government approved a national programme on DT until 2025, with a vision to 2030. This programme lays a firm foundation for implementing the current economic restructuring plan.
Along with the Politburo’s hallmark Resolution No.52-NQ/TW released in September 2019 on a number of guidelines and policies to actively participate in the Fourth Industrial Revolution, the programme is a big addition to Vietnam showing its strong determination to become a digital economy, in which new products, services, solutions, and business models are accepted in tandem with the country’s gradual completion of legal frameworks.
“The government will create new policies to stand ready to accept and pilot new technological solutions controllably. There must be a culture of accepting and piloting new things,” stated Prime Minister Pham Minh Chinh. “Vietnam’s technological digital businesses are the key developers of infrastructure, platforms, services, and solutions of DT. They will have to master core technology and then expand their presence to the global markets.”
Vietnamese enterprises are to be facilitated to cooperate with global tech giants in order to research, develop, transfer, and apply new technologies and models in Vietnam.
In its digital economy development programme, the government will aim to develop four types of digital businesses – major trade and service groups to shift to digital technology investment and core technology; IT businesses revolving around research and development (R&D) and production; digital startups to create new products; and businesses with innovation in digital technology.
Notably, Vietnam will shift from assembly and processing to create Make-in-Vietnam products. Moreover, the country will research, develop, and master all technologies, and produce digital equipment such as smartphones, smart TVs, tablets, and Internet of Things (IoT) equipment in service of society, while meeting all technical standards on ensuring cybersecurity and cybersafety.
Jeff Paine, managing director of the Asia Internet Coalition (AIC), told VIR that Vietnam is full of potential to become a digital economy. In recent years, Vietnam has taken steps to attract local talent back home. This has enabled a burgeoning entrepreneurial scene, where start-ups and small businesses that leverage technology have emerged.
“With the ongoing trade war between the US and China, Vietnam also is well poised to meet demand if companies shift production capacity out of China into other Southeast Asian economies like Vietnam,” Paine said. “The opportunities from these developments are enormous, as the availability of local tech talent in a country with almost 100 million people will create a foundation upon which global tech companies can invest and develop innovative products and services for both local and regional markets. Grab, which opened an R&D centre in Ho Chi Minh City in 2017, is an example.”
Minister of Planning and Investment Nguyen Chi Dung said that to foster a digital economy with strong DT, assisting businesses to digitalise themselves counts most.
“We will remove institutional obstructions at all levels, with pilot implementation of new issues. We must accelerate DT, effectively tap into and use digital resources, and encourage innovation in order to increase the economy’s productivity, effectiveness, and competitiveness.”
“There will be an increase in tax-related incentive policies for boosting DT and application of scientific and technological advancement and innovation,” Minister Dung said.
The Ministry of Planning and Investment (MPI) is drafting a decision in which R&D is one of the criteria for foreign-invested enterprises (FIEs) to enjoy special incentives.
To enjoy a honeymoon corporate income tax (CIT) rate for a few decades, FIEs should earmark about 0.5-2 per cent of their annual profit for R&D, and the ratio of labourers in R&D among the FIE’s total employees should be 1-3 per cent.
“This is expected to enable Vietnam to become a high-tech hub and attract much more foreign investment,” said Do Nhat Hoang, director-general of the MPI’s Foreign Investment Agency.
Currently, the popular CIT rate is set at 20 per cent. However, it is likely that under the new policy, if any FIE develops new projects in Vietnam that meet criteria in high technologies and R&D, they will be offered a 5 per cent CIT for well over three decades.
Currently, many FIEs have been operating their R&D hubs in Vietnam, such as Singapore’s Grab, South Korea’s Samsung, Sweden’s ABB, and Germany’s Bosch. For example, Samsung is constructing a $220 million R&D centre in Hanoi. Once completed, its research workforce in Vietnam will increase from 2,200 to 3,000, with research capacity to be enhanced in product development and in new technologies such as AI, IoT, and big data.
According to the AIC, Vietnam’s open policies have enabled it to attract leading global technology companies who have traditionally chosen the country as a place to build major manufacturing facilities that supply equipment and products to the world, creating more jobs and developing human capital.
“Today, we are seeing a shift higher up the technology value chain, to software development and digital application-based services. These foreign investments are critical to Vietnam, especially for transfer of knowledge and international best practices, which will support the development of a local ICT industry that is globally competitive,” Paine said.
The government is aiming to see DT in all sectors of the economy. By 2025, all enterprises will have received training on DT, and at least 100,000 businesses will have received technical and financial support in DT.
“The government will have special policies to help enterprises increase their spending on R&D by 50 per cent of their total expenditure,” stated the government report. “It is expected that by 2025, the number of firms with renewed technology will annually rise 15 per cent on average.”
The International Labour Organization suggests that 70 per cent of jobs in Vietnam are at risk of automation. Sectors with a very high proportion of jobs at risk of automation include agriculture, forestry, and fisheries (83.3 per cent at risk); manufacturing (74.4 per cent); food and beverages (68 per cent); garments and textiles (85 per cent); electronics (75 per cent); sales and repairs of motor vehicles (84.1 per cent); and general retail (70 per cent).