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IRFC IPO opens Today: IRFC IPO will launch today to raise Rs 4,633 crore, it will close on January 20

The first Initial Public Offer (IPO) will open on January 18 and close on 20. Indian Railway Finance Corporation (IRFC) will raise Rs 4,633 crore

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Policybazaar IPO will open for subscription on November 1, know how much the price band of the issue has been decided

The 2021 IPO season begins today. The first Initial Public Offer (IPO) will open on January 18 and close on 20. Indian Railway Finance Corporation (IRFC) will raise Rs 4,633 crore from the IPO. Its price band has been fixed at Rs 25 – 26. Indigo Paints IPO will also be launched this week, which will open on January 20 and close on January 22.

Can apply for 575 shares

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IRFC is a government company. In this, you can apply for at least 575 shares. 575 shares are held in one lot. A maximum of 13 lots can be applied. Indian Railway Catering Tourism Corporation (IRCTC), a railway company, has already launched an IPO. Rail Development Corporation’s IPO is also coming soon.

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Around 1400 crores raised from anchor investors

IRFC has raised about Rs 1,398 crore from anchor investors on Friday. For this, the company issued 33 crore equity shares to a total of 31 anchor investors at the rate of Rs 26 per share. These anchor investors include HDFC Trustee Company Limited, Nippon Life India Trustee Limited, Government of Singapore, Kuwait Investment Authority Fund, Kotak Mahindra (International) Limited, Goldman Sachs (Singapore) PTE, and Tata AIG General Insurance Company Limited.

178 crore shares will be issued in IPO

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About 178.20 crore shares are being issued in the IPO of the government company. Of this, 118.80 crore shares are the fresh issues, while 59.40 crore shares are being held for an offer for sale (OFS). IRFC is issuing about 13.64% of its entire paid-up capital through this IPO, from which the government plans to raise about Rs 4,633.4 crore. Post-IPO, the government’s stake in the company will come down to 86.4%. In this IPO, 5 million shares will be reserved for IRFC employees. The funds raised from the IPO will be used to meet future capital requirements and general corporate needs for business growth.

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Sequoia will sell a stake in Indigo Paints

Paints sector company Indigo Paints has raised Rs 1,176 crores from IPO. Aimed to raise. Sequoia Capital holds a major stake in Indigo Paints. The company will issue shares for Rs 300 crore. 58.40 lakh shares will be issued through Offer for Sale (OFS). Sequoia Capital and promoters Hemant Jalan will sell their stake in it. The IPO of Indigo Paints will be managed by Kotak Mahindra Capital Company, Edelweiss Financial Services, and ICICI Securities.

The money will be spent on the expansion of manufacturing

The company will use the IPO proceeds to expand the manufacturing unit at Pudukkottai in Tamil Nadu and for general corporate operations. The Pune-based company had three manufacturing units up to September quarter, located in Rajasthan, Kerala and Tamil Nadu.

A total of 16 companies launched IPOs in 2020, under which 31 thousand crore rupees were raised. Earlier in 2019, 17 companies raised a total of Rs 17,500 crore through IPO.

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Net Worth

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Net Worth

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

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Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

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