Edtech’s Big Consolidation, ESDS’ Bumper IPO & More
Unacademy Joins The upGrad Campus After months of negotiations and regulatory approvals, upGrad has officially completed the acquisition of rival…
ESDS, an enterprise cloud and AI company, successfully completed its IPO with a subscription rate of 135.88 times the issue size. QIBs accounted for 261.5 times their portion, while NIIs and retail investors subscribed at 192.9 times and 39.7 times, respectively. The company priced its ₹720 Cr IPO in the range of ₹408 to ₹429 per share.
In comparison, Purple Style Labs' IPO saw only 24% subscription on the second day of bidding, with retail investors leading at 93%. Yuma Energy, a battery swapping platform, raised ₹333 Cr in its Series A round led by existing backer Magna International. The company operates over 2,500 charging stations across 18 Indian cities and aims to expand its footprint in the growing Indian EV market.
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