Paytm Money rolls out feature to help people invest in IPOs instantly

 

Paytm Money, an entirely claimed auxiliary of computerized monetary administrations stage Paytm, has revealed an IPO speculations highlight, which will permit speculators to take an interest in open contributions immediately.

Through this, speculators will have the option to apply for most recent IPOs by means of UPI ID, connected to their financial balances to finish the application cycle. The organization is utilizing the UPI foundation to offer a turnaround season of 3-4 days for consummation of the whole cycle.

"The Indian startup environment has a developing hunger for entering the capital market with more organizations needing to raise capital from a more extensive arrangement of financial specialists through open posting. In like manner, financial specialists are likewise progressively ready to enhance their portfolio. This presents a major chance and we expect to make the cycle more available to our kinsmen," said Varun Sridhar, CEO, Paytm Money.

The administration, which is accessible on both the Paytm Money site and the application, offers an interface to make changes, drop or resend the offering application inside the IPO window. It is furnished with highlights which assist financial specialists with following impending IPOs, see organization history and subtleties, download plan, and check the presentation of past IPOs.

"Sooner rather than later, we intend to dispatch IPO subsidizing, subordinates exchanging, edge money and a large group of other worth added highlights to make contributing consistent and advantageous," added Sridhar.

Burger King India to file for Rs 1,000-crore IPO this week: Details here

The logo of Burger King is seen outside a shop in Vienna in Vienna, Austria, October 1, 2016. REUTERS/Leonhard Foeger/File Photo

International News
Burger King India, a major player in the domestic quick service restaurant (QSR) space, will file a document for an initial public offer (IPO) this week with the Securities and Exchange Board of India (Sebi), said people with direct knowledge of the development.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore, which will be used to fuel the burger chain’s expansion plan.
Assuming the regulatory approval process takes the usual time, Burger King India would list early next year, joining rivals Jubilant FoodWorks (operator of the Domino’s Pizza chain) and Westlife Development (master franchisee of McDonald’s in the western and southern markets) in going public. Typically, Sebi takes between four and six weeks to vet and clear an IPO document.Everstone owns and operates Burger King’s branded restaurants across India and Indonesia, as part of its food and beverage Asia portfolio. Everstone has invested in more than 30 portfolio companies in the consumer and consumer-led sectors across India and Southeast Asia.
Investment bankers said taking Burger King India public was part of Everstone’s strategy to liquidate its investment. In May, Everstone-backed non-banking financial company IndoStar Capital Finance had raised Rs 1,844 crore through an IPO. In 2017, the PE firm's education sector-focused publishing company S. Chand and Co got listed in a Rs 729-crore IPO. An email sent to Everstone seeking comment remained unanswered.

Edelweiss, Kotak Mahindra Capital, JM Financial, and CLSA are the investment bankers managing the Burger King IPO.Market players said Burger King India could command attractive valuations, given the investor preference for consumer-oriented brands. Also, the listed QSR players trade at lofty price-to-earnings multiples. Jubilant Foodworks now trades at 51 times its estimated one-year forward earnings....READ MORE

Factbox: How Uber and Lyft compare on key financial metrics

Company News
Uber Technologies Inc's initial public offering filing on Thursday contains data that will be key to selling itself to investors. The share sale follows a public offering by rival ride-sharing service Lyft Inc last month, whose shares have dropped to about $61 from an IPO price of $72.
Here are how the two companies compare on key metrics from Uber's filing

REVENUE

Uber had $11.3 billion in 2018 vs Lyft $2.2 billion.Uber's growth has been slowing relative to Lyft due to scandals and aggressive discounting by Lyft.Lyft's revenue more than doubled between 2017 and 2018 while Uber's grew around 41 percent.

MARKET SHARE

Uber has lost market share but remains the leader.Uber has 65 percent share in North America while Lyft says it has 39 percent in the United States.

ADJUSTED EBITDA

Both Uber and Lyft lose money though Uber has trimmed its losses in recent years.Uber's adjusted loss before interest, taxes, depreciation and amortisation was just over $1.8 billion in 2018 compared to $2.6 billion in 2017.Lyft lost $950 million in 2018 on the same basis.

MONTHLY ACTIVE USERS


 Uber has 91 million monthly active users compared to Lyft's 18.6 million.Uber's number includes customers of additional services beyond ride sharing.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Metropolis Healthcare open to acquisitions; IPO to hit Street on Wednesday

Company News

Diagnostic firm Metropolis Healthcare, which is launching its Rs 1,200 crore initial public offering (IPO) next week, is open to make further acquisitions in this space. The company has used the inorganic route to growth in its initial years and made around 25 acquisitions in the past 18 years.

Sushil Shah, chairman of Metropolis Healthcare, said if a good acquisition opportunity came up, they were open to evaluate it. “We are growing at a decent pace and generating good free cash flow. With the IPO, around 50-60 per cent debt at the holding company level would be gone. It is also easier to raise funds when an entity is listed. Therefore, as and when a good opportunity comes up, we would be better prepared to crack the deal,” he said.

The Rs 650-crore company is focussing on business-to-customer (B2C) expansion in the coming years and would need to bolster its retail presence. “We have made several acquisitions in the past. These have all been leaders in the markets where they operated. It helps to make a strategic entry into a market,” said Ameera Shah, daughter of Shah.

She said that from a 43 per cent share of revenue from the B2C segment, Metropolis was targeting to take that up to 60 per cent in the coming years.

At present, it draws a significant chunk (57 per cent) of revenues from the business -to-customer, which comprises hospital outsourced pathology tests and institutional sales.


 According to Frost & Sullivan, the Indian diagnostics market was valued at about Rs 59,600 crore in the FY18, and is projected to grow at Rs 80,200 crore by FY20, driven by favorable changes in demographics, improvements in health awareness, increased spend on preventive care and wellness, increase in medical tourists, increase in lifestyle-related ailments and rising penetration of insurance in India.