EXECUTIVE EDUCATION IPO

Specialised hiring in demand; Reliance’s spacetech bet

Happy Thursday! Tech firms are moving away from mass hiring and scouting specialised talent. This and more in today's ETtech Morning Dispatch.

Trade deal windfall for Indian IT; Trump's warning shot

India’s software exports are set to get a boost from the latest trade pact with the UK. This and more in today's ETtech Top 5.

Manipal Health buys Sahyadri Hospitals for Rs 6,400 crore

Manipal Health Enterprises, backed by Temasek and TPG Capital, has acquired Sahyadri Hospitals from Ontario Teachers Pension Plan for ₹6,400 crore, strengthening its presence in Western India. This acquisition will increase Manipal's bed count to 12,000 nationwide. OTPP made a 2.6 times return on its investment in Sahyadri, which operates 11 facilities across Maharashtra.

NPCI ups RuPay card play; India off YC radar

Happy Wednesday! The National Payments Corporation of India (NPCI) is rolling out fresh incentives to encourage banks to issue more RuPay credit cards. This and more in today’s ETtech Morning Dispatch.

Global Interactive Technologies (GITS) stock jumps 135% — what’s fueling the surprise rally and is it a smart buy now?

Global Interactive Technologies stock is making headlines after skyrocketing over 135% in a single day. With no official news or earnings to back the move, investors are buzzing about what’s really going on behind the scenes. Massive trading volume, speculation of a tech breakthrough, and a recent company clarification have fueled the rally. This story dives deep into what triggered the GITS stock explosion, why traders are going all in, and what it could mean for your portfolio.

Shadowfax preps IPO filing; O-1A over H-1B

Happy Friday! Logistics firm Shadowfax is set for a confidential IPO filing in a month. This and more in today’s ETtech Morning Dispatch.

Dubai and Abu Dhabi’s haven status tested by Mideast crisis

The UAE has remained resilient amid escalating Middle East tensions, continuing to attract global capital and maintain economic stability despite the recent Iran-Israel-US confrontation. After Iran struck a US base in Qatar and the UAE briefly closed its airspace, business quickly returned to normal in Dubai and Abu Dhabi.

NBFCs put IPO plans on fast track, could raise over Rs 30,000cr

Non-bank lenders in Mumbai are preparing for a surge of IPOs, driven by favorable regulatory changes, lower interest rates, and an improving credit cycle. Several NBFCs, including SK Finance, Avanse Financial, and Tata Capital, are planning to raise significant capital through public offerings.

Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details

Globe Civil Projects' IPO garnered strong interest on Day 2 so far, with overall subscription reaching 11.08 times, driven by robust demand from NIIs and retail investors. The IPO’s grey market premium (GMP) suggests a potential 17% listing gain, while analysts have advised a ‘subscribe for long term’ stance, citing a fully priced issue.

Globe Civil Projects IPO grey market premium rises to 20%. Check subscription status, and other details here

Globe Civil Projects’ IPO GMP: IPO opened for subscription on June 24 and is currently seeing strong interest from NIIs. The Rs 67–71 per share issue aims to raise funds for working capital, equipment purchases, and general purposes. Bajaj Broking has given it a ‘subscribe for long term’ rating, despite highlighting concerns over FY23 de-growth and valuation.

Online edtech platform Physics Wallah appoints Ajinkya Jain as Group General Counsel

Physics Wallah Ltd has appointed Ajinkya Jain as the Group General Counsel, Company Secretary, and Compliance Officer. Jain brings extensive experience from Unicommerce eSolutions Ltd and PharmEasy. Alakh Pandey, CEO of Physics Wallah, emphasizes the importance of Jain's legal and corporate governance expertise in their expansion and innovation efforts in the education sector.

Highway Infrastructure, Jaro Education file DRHPs with Sebi to raise funds through IPO

Indore-based Highway Infrastructure Ltd (HIL) has filed a DRHP with Sebi for an IPO to raise Rs 105 crore, with a focus on tollway collection leveraging advanced technology. Jaro Institute of Technology Management & Research also filed for an IPO, aiming to raise Rs 170 crore for marketing and debt repayment.

Winny Immigration IPO opens today: Check issue size, price band, GMP and other details

Winny Immigration's SME IPO, aiming to raise Rs 9.13 crore, opened for subscription and will close on June 24 on the NSE SME platform.

Mangesh Ghogre quits Nomura, goes to the US with Einstein visa

An investment banker with 18 years of experience, Ghogre joined Nomura to head the equity capital markets business in June 2016. Under his leadership, Nomura has emerged as a top IPO player, having completed 27 IPOs. Some of the marquee deals include the $2.7 billion LIC IPO, $1.4 billion SBI Card IPO, $750 million Sona Comstar IPO, $1.5 billion HDFC Life IPO, $1 billion Bajaj Finance QIP, $750 million SBI Life OFS and the $500 million Blackstone block deal in Sona Comstar.

We didn't want to time the market: Veranda Learning CEO Suresh Kalpathi

The Chennai-based company, which plans to list on the exchanges on April 7, has set the price band for the initial public offering at Rs 130-Rs 137 per share.

Adapting to Industry Demands: Upskilling as the Way Forward in 2022

Executive Education can power India’s Economic Evolution

Unacademy to issue $40 million in stock options to teachers over next few years

Typically, stock options or ESOPs are reserved for a company's permanent staff and is used as a tool to attract talent for fledgling startups and even bigger technology firms.

Education firms have lessons to learn, investors can wait

In December, Zee Learn called off its proposed merger with the company after reports surfaced that Tree House abruptly closed down hundreds of its play schools.

NBFCs ride IPO rush as demand for funds soars

After the success of recent IPOs, experts expect upcoming public issues, including those of insurance companies, to see similar demand.