CA DHAVAL JASANI’s Post

Funding For Fintech *IPO* - what conditions need to be satisfied for a business to IPO: For a company wishing to issue shares of its stock in the public market and go through an initial public offering (“IPO”), it must obtain the approval of the CMA. The CMA governs the offering of securities through the Saudi Stock Exchange (known as Tadawul) and the Nomu-Parallel Market (alternative platform for companies wishing to go public with lighter listing requirements in comparison to Tadawul). The main listing requirements for companies wishing to be listed in Tadawul are the following: The entity must be organised as a joint-stock company. The issuing entity must be in operation for at least three financial years under substantially the same management. There must be at least 200 shareholders qualifying as “the public” and at least 30% of the issuing entity’s share are offered to the public. The issuing entity must have a minimum market capital of SAR 300 million. Tadawul may also lower the minimum capital upon obtaining CMA’s approval. The issuing entity must appoint two representatives for any issues related to the listing. One representative must be a senior executive and the other must be a member of the entity’s Board of Directors. There has been one notable IPO for fintech companies in the Kingdom that is STC Solutions. STC Solutions, which is a fintech company that provides digital payments solutions and operates as an e-wallet, went public during Q3 2021 offering its shares at SAR 151 for the purpose of raising SAR 3.6 billion for 20% of its shares. The institutional offering was 13,000.3% oversubscribed raising SAR 471 billion. This year IPO has been Rasan Information Technology Co. announced today, May 22, the successful completion of the book-building process for its initial public offering (IPO) on the Saudi Exchange (Tadawul), setting the final IPO price at SAR 37 per share, with 22.74 million ordinary shares allocated, ”, pursuant to Argaam, #FintechNewsSaudiArabia #SMPLAI #SMPLFundI #VentureCapitalFund #StartupFunding #VCFunding #Tech #TechStartup #AIStartup #Innovation #AI #Investments #CapitalRaising #VCs #Founders #Fintech #PropTech #Technology #Funding #Capital #MENA #MENARegion #FamilyOffice #SaudiArabiaFintechNews #MiddleEast #KSA #NorthAfrica #SaudiFintech Chuffed.org Aseel | أصيل Awaed

Understanding the Role of Promoters in an IPO: A Legal Overview Initial Public Offerings #IPOs have witnessed a remarkable growth in India, transforming the country's capital market landscape. The year 2024 has already recorded an impressive performance in IPO fundraising, with companies raising significant capital from the public. In this article, Rupin Chopra, Associate Partner and Shantam Sharma, Associate at S.S. Rana & Co., explore the role of promoters in the IPO process, highlighting their responsibilities, the legal framework that governs their contributions, and the nuances of promoters' contributions in new-age companies and startups. #ssrana #IPOIndia #PromotersContribution #SEBIRules #IPOLegalGuidelines #FundraisingIndia  #IndianStockMarket #StartupsIPO #CapitalMarkets #InvestorProtection #EquityShares #ConvertibleSecurities #IndiaIPO2024 #IPOMarket #LegalInsights #IPORegulations

Booming SME IPOs.. While 2023 was the year of SME IPOs, as predicated ,the trend has only accelerated in 2024. We expect the next 12-15 months to see a massive surge of capital raising through this route. As pointed out in the ET article,the first two months of 2024 have not only seen a surge in the number of IPOs but also a significant ramp up in the average listing ticket size by about 30%. There is also a healthy pipeline funnel we see for movement to mainboard from the listed SME base. If you are the promoter/founder of a startup or MSME, currently with a turnover of 25Cr plus, and looking to raise capital for business expansion, then SME IPO is an extremely viable route to raise capital for the next 12-15 months. We are seeing startups rejecting VC capital offers and exploring the IPO route. The timeline to execute SME IPOs being 3-6 months, the closure times are also quite favorable. One needs to be careful about the players in the market to work with and taking calls on subjective qualitative decisions like listing price, road show budgets etc. We are seeing predatory pricing also where some intermediaries are quoting anywhere in excess of 20% of listing value as fees, without commensurate value addition. There are also a series of actions which an organisation has to take pre and post listing which need to be executed precisely. If you are promoter/founder looking to understand and explore this route for your organization, do reach out to us at 4i Airavat Ventures(4i Group). Along with our market leading partners, we can help you get started on this journey.. #smeipo #ipo #fundraising #india #msmeindia

Breaking News: Penny Software Achieves Remarkable Pre-Series A Funding Success! 💰🚀 ➖ Secured funding from prominent investors like Iliad Partners, GSI, and Knollwood Investments ➖ Existing investors, including Dallah Investment, continue their support ➖ Expected to oversee a staggering $1B+ Gross Transaction Value in 2024 A game-changer in the procurement software industry, poised for regional and global expansion! 🌍✨ Read More: https://lnkd.in/gy7EaH9s #SaaS #Procurement #Startup #FundingRound #SaudiArabia #Expansion #B2B #EnterpriseSoftware #FundingNews #StartupFunding #Rasmal #MENA #BusinessNews

🌍 Vama’s $73 Million Series A Capital Raise – An Exclusive Gateway to Transformational Returns 🌍 To the discerning few: This January, Vama’s $73 million Series A capital raise officially launches, offering accredited investors, venture capitalists, and strategic partners a singular opportunity to engage with one of the most compelling growth trajectories in global finance. As Director of this round, I’m inviting select partners to join a movement designed to reshape the very core of international payments. A Valuation Surge with Unmatched Potential Vama’s current valuation of $140 million is expected to potentially soar over $600 million within the next 45 days. This represents not merely an opportunity but a moment to align with a company poised to redefine an entire industry. For those seeking direct and substantial returns, this is an occasion to act decisively. Capturing a Multi-Trillion-Dollar Market The cross-border digital payments industry is projected to reach several trillion dollars. Vama stands uniquely positioned to seize this potential through our groundbreaking, integrated platform that merges payments and communication, delivering seamless, frictionless solutions worldwide. Our global product launch in January is expected to extend to over 70 countries by mid-2025 — ensuring vast, tangible market access. For Those Who Don’t Already know: What Sets Vama Apart? • Exponential Growth Trajectory: An unmatched rise in valuation paired with global market reach presents exceptional opportunities for value creation. • Direct Market Access: For those looking to harness the explosive growth of cross-border payments, Vama offers a clear path to unparalleled influence and return potential. • A Legacy of Transformation: We are not merely evolving an industry; we are building a future — one rooted in seamless global connectivity and meaningful market disruption. Thank you to everyone who has believed in our vision. The best is yet to come! Best regards, Vincent Dioguardi Vice President of Business Development, Vama Let’s connect and discuss how Vama can revolutionize your financial transactions. Feel free to reach out with any questions or to schedule a demo! Calendly: https://lnkd.in/gnJyxCvY 🔗 Learn more about how private equity can fortify your portfolio and set you on the path to financial success. #Fintech #PrivateEquity #DigitalPayments #Vama #Crowdfunding #GlobalExpansion #Innovation #BankingLicense #FinancialRevolution #InvestorOpportunities This is your moment to partner in a global movement that merges vision with transformative potential. Visit invest.vama.com to explore how you can be part of reshaping how the world transacts — and realize unmatched value creation for years to come.

The NSE has achieved an impressive return of 60% within a year. If you're interested in exploring similar investment opportunities, please visit our website and register. #startup #NSE #finance #PreIPO #IPO #vaasuchalla #beeinvest #stockmarketnews

The VC landscape has become significantly tougher over the last few years, making raising funding considerably more difficult for startups. Meanwhile, the same environment has created new M&A opportunities, as those struggling to find growth or runway are snapped up by companies looking to consolidate. With this in mind, how has funding and M&A activity fared in Q1 2024 for cross-border payments, and what does it tell us about the year ahead? Take a look at our latest analysis piece to find out 👇🏼 https://lnkd.in/eeVbx6MD #FXCIntelligence #Payments #Finance #FinancialServices #Fintech #Crossborderpayments #Acquisitions #GlobalPayments

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24 While FY24 saw #firms from varied sectors tapping the IPO market, #BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total #IPOfundraising, compared with 51% in FY23. #India #stocks #IPOs #IPO #fundraising #funds #raising #finance #companies #startups #Indiancompanies #IndiaInc #financials

Ryde Singapore's home-grown #startup is raising US$12 million from its #ipo on the NYSE. The IPO closed unchanged at US$4 on its opening day. I feel that this is an unusual IPO given the Company only has a 2.5% #marketshare, its small capital raise, and its loss making operations, which suggests there may be some urgency to raise more funds shortly post the IPO in my view. The #ridehailing platform was founded in 2014, and differentiated itself from its competitors such as Grab and Uber by focusing on its #carpooling service. The Company reported losses for 2021-1H2023, and its #auditors raised doubt about the company’s ability to continue as a going concern, as the company’s #workingcapital was negative and its shareholders’ deficiency was close to $5 million as at the end of 2022. The company decided to list in the US instead of Singapore due to greater global recognition, the visibility of US exchanges and higher liquidity. Keen to better understand #valuecreation and #digitalfinance? Register for SMU Academy Professional Certificate in Digital Finance Investing at <https://lnkd.in/g2yjEwHP> to #reskill and #upskill yourself today! Generous SkillsFuture SG subsidies are available for eligible participants. https://lnkd.in/gBUFycGy

Ready to take the next step? Connect with industry experts and advisors who can guide you through the IPO process in Bangladesh. Attend workshops and seminars to gain deeper insights into the Bangladeshi market and regulatory landscape. If you’re still unsure, consider reaching out for a consultation with professionals who specialize in IPOs. They can provide personalized advice and help you determine if an IPO is the right move for your startup. Taking your startup public is a significant milestone, and with careful planning and preparation, it can open doors to new opportunities and growth. Remember, the IPO process in Bangladesh may seem complex, but with the right guidance and resources, you can navigate it successfully. Good luck on your IPO journey! #ipoprocessinBangladesh #IPO #Bangladesh #Business