It will become the second HR solutions firm to be listed, after Teamlease Services. Teamlease does recruitments and CIEL provides end-to-end HR solutions.
The public offer is expected to comprise a fresh issue of around ₹350 crore and an offer for sale by earlier shareholders, according to investment banking and industry sources. The IPO's lead managers are Ambit, Centrum Capital and HDFC Bank.
This story is from the November 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
HUL's Vim may soon become ₹3K cr brand
Hindustan Unilever (HUL)'s Vim brand, which leads the market in the dishwashing space, is expected to cross the ₹3,000 crore mark soon in sales.
'6e' branding: IndiGo sues M&M arm
IndiGo has taken Mahindra Electric Automobile to Delhi High Court (HC) for infringement of its trademark '6e' in Mahindra's new electric car, the Mahindra BE 6e, which is expected to hit Indian roads in February 2025.
Instamart to double dark stores by March
At the consolidated group level, food and grocery delivery firm Swiggy expects to achieve positive adjusted Ebitda (Earnings before interest, taxes, depreciation, and amortisation) by Q3FY26 (Oct-Dec 2025), said SRIHARSHA MAJETY, managing director (MD) and group chief executive officer (CEO) of Swiggy, and ROHIT KAPOOR, CEO of its food marketplace. In a video interview with Peerzada Abrar and Aryaman Gupta, Majety said he is expecting to see a new wave of opportunities for the quick commerce business. Edited excerpts:
Swiggy's loss in Q2 narrows to ₹626 cr
In first earnings after listing, firm's revenue rises 30%
'Overreach': USISPF, Nasscom object to Sebi's specified digital platform plan
Advocacy group US-India Strategic Partnership Forum (USISPF) and IT trade body Nasscom have flagged concerns over a recent proposal by the markets regulator, Securities and Exchange Board (Sebi), to define Specified Digital Platforms (SDPs).
Promise of free electricity powered AP-Adani deal
The erstwhile Andhra Pradesh government under Jagan Reddy had sought regulatory approval for the controversial Adani Green solar power project in 2021, while proposing to offer 7 gigawatt (Gw) of the procured power \"for free\" to rural areas and agriculture sector, according to filings and submissions reviewed by Business Standard.
MPC meet in spotlight amid speculation over Das' term
Meeting begins today against backdrop of Q2 GDP growth slowdown
Bill to push banking reforms gets LS nod
Proposes up to 4 successive nominations by bank a/c holders
Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake
Tourists visiting the iconic Dal Lake will now enjoy a hassle-free travel experience with the launch of Uber's first water transport service in Asia, aptly named 'Uber Shikara'.
Warmer than normal winters likely this season, says IMD
Nov 2024 among the warmest since 1901
