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<ul><li><keyword id="11263285" type="UNKNOWN" weightage="20" keywordseo="devyani-international-ipo">Devyani International IPO</keyword> opens on August 4 and closes on August 6.</li><li>Demat account, trading application and UPI ID are mandatory if you are applying for an initial public offering (IPO).</li><li>KFC and Pizza Hut operator <keyword id="142256" type="COMPANY" weightage="20" keywordseo="Devyani-International">Devyani International</keyword> is looking to raise over ₹1,400 crore crore through the public issue.</li></ul>Amid this initial public offering (IPO) season, how to fill IPOs have been one of the most asked questions. So let’s get into the alternatives to apply for an IPO easily. Devyani International is the upcoming IPO that will open on August 4. It is the largest franchisee of Yum Brands in India, which operates quick service restaurant (QSR) brands such as Pizza Hut and KFC, besides its own brands. To invest in these IPOs, you need to apply to buy a ‘lot of shares’ from the market. The bidding for these IPOs is usually open for three days particularly during market hours. For Devyani International IPO the bidding will open on August 4 and close on August 6. A Demat account, a trading application like Zerodha, Angel Broking etc and UPI ID on BHIM app are necessary if you want to invest conveniently in an IPO. Unified payment interface (UPI) is a banking system for money transfers on payment apps like Google Pay, PhonePe and so on. One of the simplest ways to track IPOs and invest in them is through trading platforms. Here’s how you can do it through Zerodha’s Kite application, which is meant for trading stocks and commodities. <ul><li>Login to the mobile app and select the IPO option under the console. If you’re logging in through desktop, then go to console -- portfolio -- IPO.</li><li>You will find a list of IPOs that are open for investment. Select the IPO you want to invest in.</li><li>Enter your UPI ID from the BHIM app. Ensure your UPI ID is mapped to your personal bank account.</li><li>Enter the lot size (number of shares required to buy in one lot) announced by the company.</li><li>Tick on the cut off price for more chances of allotment of shares as it indicates investor’s willingness to subscribe to shares at any price discovered within the price band. Cut off price is the issue price.</li><li>Retail investors can bid for a maximum of three lots.</li><li>After this step, click on the check box to confirm and submit.</li><li>The last step is to accept the mandate request for proceeding with IPO on your BHIM UPI app. Once you accept the mandate, the amount of funds for IPO will be blocked till the allotment.</li><li>Now wait till the allotment date of shares to see if you have received the lot size you bid for.</li></ul>If you have invested through broking firm like Upstox, here are the 5 simple steps to invest in an IPO: Step 1: Login to the Upstox application or website with your credentials. Step 2: Select the IPO that you want to invest in and create an IPO application. Step 3: Add up to 3 bids within the price range. Step 4: Confirm your application. Step 5: Accept the UPI mandate and block funds on your mobile UPI app Another way to invest is through your bank. This option is generally available between 5 a.m. and 11 a.m. on the bank’s website. Here’s how to do it: <ul><li>Log in to your bank’s net banking account.</li><li>Go to the investment section and select the IPO option.</li><li>Fill your investment and bank account details to complete the verification process.</li><li>Later select the IPO you want to apply for.</li><li>Enter the number of shares and bid price.</li><li>Read and accept ‘terms and conditions’ documents.</li><li>Submit your application.</li></ul>SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/as-vodafone-idea-shares-dive-10-and-more-heres-a-look-at-what-analysts-had-to-say-about-it-prospect-in-recent-weeks/articleshow/84999673.cms">As Vodafone Idea shares dive 10% and more, here's a look at what analysts had to say about it prospect in recent weeks </a><a href="https://www.businessinsider.in/stock-market/news/devyani-international-exxaro-tiles-krsnaa-diagnostics-and-windlas-biotech-ipos-are-opening-tomorrow/articleshow/85000565.cms">Devyani International, Exxaro Tiles, Krsnaa diagnostics, Windlas biotech IPOs are opening tomorrow</a><a href="https://www.businessinsider.in/stock-market/news/devyani-international-exxaro-tiles-krsnaa-diagnostics-and-windlas-biotech-ipos-are-opening-tomorrow/articleshow/85000565.cms"></a>

Devyani International IPO: Here’s how to apply via banks and apps like Zerodha, Upstox

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Hello! AI-powered pick-up lines? The app Rizz can decode your screenshots and offer advice on <a target="_blank" href="https://www.businessinsider.com/rizz-dating-app-ai-analyzes-text-screenshot-conversations-advice-2024-6">how best to respond during the early stages of dating</a>.Another reminder: Our sale on a Business Insider subscription ends Thursday. <a target="_blank" href="https://l.businessinsider.com/a/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=09e71820f9884ddeae25eb3a8bf27b9b&amp;_e=-c2KdQ4c9AephanR0OQED_K3lDQCHXYHwFdhW0rGeOVLUExU1wrGHBtCPWxVeJsakWG372Av2__zJFiIxevQwibAC3H3SHD0B474d_-hCztU18hsIocAZhtodYOi-B_-7rRnsTXLx-oxVqK60r4sFsb2vTVNFCZGulp0Aoz5LxKe8FMzc-kvT58ayKO6NEikurz7arS5_6vYmRJPrmO0Ze6FDwHV8nyfkaWCp0P2s_lnl9YVJV2nuxZKWBcHtvCp4i_mWFTrAjavVLDKCQX1QAZdfR_HcK5Nv7ErkgOryVAuRsiI5fXx3JjVMO60S2aFddfZa6IFPIfJsjz7v0c_CQF5afeQUHJp-W2smVlOeLooJiq0uUmig_J9lJ8vLD8VItmdGh9ouSBFMcSKsEOVbQ%3D%3D">More details here</a>.In today's big story, we're looking at how <a target="_blank" href="https://www.businessinsider.com/companies-posting-fake-job-listings-search-resume-2024-6">the next job you apply for might be fake</a>.What's on deck:<ul><li>Markets: Charles Schwab said stocks are giving an <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-extreme-concentration-sp500-record-2022-bear-market-schwab-2024-6">incoming bear market</a>.</li><li>Tech: This is what top VCs are excited about — and sick of — <a target="_blank" href="https://www.businessinsider.com/vcs-whats-hot-whats-not-ai-investing-2024-6">when investing in AI</a>.</li><li>Business: A former SAP account manager is breaking her NDA <a target="_blank" href="https://www.businessinsider.com/former-sap-employee-breaks-nda-speaks-out-workplace-sexual-assault-2024-6">to speak out about a workplace sexual assault</a>.</li></ul>But first, send me your résumé.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="aaaa97e9-6431-43a3-bc36-7797048e9192">The big story</h3><h2 id="8583ac82-562d-4168-b435-351bcb059f8c">Now (not really) hiring</h2><div type="image" title="photo illustration of 'we are hiring'" height="574" width="1176" msid="111292453" hostid="261" sizebytes="38798"></div>Corporate America has gotten so bad that companies are posting jobs they don't intend to fill.A recent survey of hiring managers by Resume Builder found three in 10 companies have active <a target="_blank" href="https://www.businessinsider.com/companies-posting-fake-job-listings-search-resume-2024-6">fake job listings</a>, writes Business Insider's Tim Paradis. And there is zero shame in their game, as nearly 70% of hiring managers said fake job posts were "morally acceptable."In fact, some companies justify the move as a way to help their employees. Posting jobs can give workers the impression the company is growing and signal to burnt-out employees that help is on the way.Except, you know, it's not.It's another knock for people navigating an incredibly frustrating labor market. While employment is still relatively low, <a target="_blank" href="https://www.businessinsider.com/how-unemployment-rate-job-growth-looked-in-may-2024-6">sitting at only 4%</a>, the job market is also pretty stagnant.<a target="_blank" href="https://www.businessinsider.com/hiring-slump-professional-white-collar-jobs-recession-high-salary-2024-4">High-paying white-collar roles</a> aren't readily available, and people aren't quitting as much as they once were. (Goodbye, Great Resignation; hello, <a target="_blank" href="https://www.businessinsider.com/big-stay-workplace-productivity-points-to-economic-growth-jobs-loyalty2024-3">Big Stay</a>.)<div type="image" title="woman at job fair" height="764" width="1116" msid="111292445" hostid="261" sizebytes="40798"></div>Even if you find a legitimate job posting, it doesn't get much easier.With the power firmly back in employers' hands, <a target="_blank" href="https://www.businessinsider.com/job-seekers-careers-interviews-assessments-hiring-2024-6">the hiring process has become a marathon</a>, writes BI's Alexandra Bacon. Multiple interview rounds, personality tests, and on-site assessment days drawn out across several months have become the norm.And even then, you might still get ghosted!It's an issue that's particularly relevant for entry-level roles, which are also under threat of being automated away by AI.Maybe that's why so many young people are feeling depressed and disconnected from their peers. Beaten down by the process, some are opting to wait things out. Last year, roughly 20% of people aged 15 to 24 were NEETs, <a target="_blank" href="https://www.businessinsider.com/gen-z-millennial-neets-happy-idle-until-finding-right-job-2024-6">not in education, employment, or training</a>.Some might argue companies taking their time to hire is a good thing in the long run. Better to make sure they get the right candidate than rush to fill positions that don't ultimately work out, which could lead to layoffs. Workers were also spoiled with the 2021 job market, where candidates <a target="_blank" href="https://www.businessinsider.com/great-resignation-pay-gap-new-hires-earning-more-2022-5">named their prices</a>.Workers can claim back some power even in the current environment. Thanks to some states' pay transparency laws, job postings (even if they aren't real) give current employees an idea of how their salary compares to what their company is advertising for other roles.And a fake job posting might be a blessing in disguise. After all, do you really want to work for a company willing to do that in the first place?<h2 id="2101d2d8-2f67-49bd-b693-e16c0b643374">3 things in markets</h2><div type="image" title="Photo illustration of a laptop with wires and the Citi logo." height="1200" width="2400" msid="111292447" hostid="261" sizebytes="140578"></div><ol><li>Citi Wealth's tech is a dumpster fire. The bank's tech isn't exactly highly regarded — leading to an accidental $900 million transfer in 2020 — but it's a<a target="_blank" href="https://www.businessinsider.com/citi-wealth-tech-problems-andy-sieg-2024-6"> real problem for Citi's struggling wealth business</a>. An audit estimates it'll cost at least $500 million to overhaul Citi Wealth's patchwork technology.</li><li>It's showtime for Nvidia investors. The AI darling's annual shareholder meeting is today. It comes after a tumultuous few days in the market that saw it shed more than $400 billion in market cap. For some it was a hiccup, but others worry it could signal a <a target="_blank" href="https://www.businessinsider.com/nvidia-shareholder-meeting-value-crashes-stock-price-sell-off-2024-6">bubble preparing to pop</a>. Nvidia's dominance could also be tested by <a target="_blank" href="https://www.businessinsider.com/nvidia-cuda-software-gpu-ai-chips-cerebras-ipo-2024-6">a competitor's approaching IPO</a>.</li><li>Bad news bears. <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-extreme-concentration-sp500-record-2022-bear-market-schwab-2024-6">Stocks are looking "eerily similar"</a> to the last bear-market crash in 2021, Charles Schwab said this week. Although the market is flourishing at the index level, individual stocks aren't doing so hot. That means a bear market could be on the horizon.</li></ol><h2 id="720397f3-d6c0-415d-a2c7-64c07cf5a6bd">3 things in tech</h2><div type="image" title="Boxing gloves with the apple and meta logos" height="1500" width="2000" msid="111292451" hostid="261" sizebytes="258524"></div><ol><li>Apple's beef with Meta isn't going anywhere. One day after the Wall Street Journal reported that Apple was in talks with Meta for an AI deal, Apple corrected, telling Bloomberg it <a target="_blank" href="https://businessinsider.com/post/preview?svapi&amp;post_id=667aebc75c62a271edbae01e">wasn't going to partner with Mark Zuckerberg's company</a> any time soon.</li><li>These are the types of AI startups investors want to fund next. BI asked nine VCs <a target="_blank" href="https://www.businessinsider.com/vcs-whats-hot-whats-not-ai-investing-2024-6">what they're most excited about in AI</a> and what they're tired of. The most desirable startups are building AI's infrastructure, working with unstructured data, and revolutionizing software development. Investors said they're ready to move on from large-language models since big players dominate the space.</li><li>Microsoft's AI CEO works closely with these execs. <a target="_blank" href="https://www.businessinsider.com/microsoft-ai-mustafa-suleyman-works-closely-with-these-executives-2024-6">An internal Microsoft tool</a> that tracks employee interactions has revealed which executives work with new AI CEO Mustafa Suleyman the most. It also shows 12 execs who report directly to Suleyman, including Inflection AI cofounder Karén Simonyan.</li></ol><h2 id="140a809b-9346-4b8c-8ffb-972046d3c37e">3 things in business</h2><div type="image" title="Image of a statue thinking and a briefcase." height="2000" width="4000" msid="111292443" hostid="261" sizebytes="134326"></div><ol><li>The real problem with work isn't pay or perks, but lack of purpose. <a target="_blank" href="https://www.businessinsider.com/american-employees-disengaged-work-meaningless-fake-email-jobs-2024-6">Americans increasingly feel their jobs are meaningless</a>, and their dissatisfaction makes them more likely to quit. The feeling is especially prevalent among Gen Z and millennials.</li><li>A former SAP employee breaks her NDA. After Ashley Kostial reported being raped by a colleague during a work trip, she felt pressured to sign two nondisclosure agreements — one with SAP and its subsidiary, Ariba, and one with her insurance provider, Aetna. <a target="_blank" href="https://www.businessinsider.com/former-sap-employee-breaks-nda-speaks-out-workplace-sexual-assault-2024-6">She's decided to risk coming forward now</a> because she views the NDAs she signed as unjust — and wants to see the use of NDAs ended for other victims of sexual assault.</li><li>Wind power stays winning. A millennial who switched from working on oil rigs to wind turbines says he's been <a target="_blank" href="https://www.businessinsider.com/jobs-wind-turbines-career-switch-oil-gas-renewable-energy-2024-6">promoted faster in renewable energy</a> thanks to the sector's rapid expansion. Employment in wind is expected to triple by 2030 in the UK, where he lives, and it's the fastest-growing career in the US.</li></ol><h2 id="dc08a178-73f9-4904-a434-10f84abe7b21">In other news</h2><ul><li><a target="_blank" href="https://www.businessinsider.com/david-einhorns-files-lawsuit-against-james-fishback-2024-6">David Einhorn is suing the former employee who claimed to be his head of macro. Here are the most eye-catching parts of Greenlight's lawsuit</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/tal-alexander-stepping-down-official-partners-real-estate-brokerage-2024-6">Tal Alexander announces he will step away from his brokerage firm amid rape allegation</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/trump-biden-debate-commercials-earn-millions-for-cnn-other-networks-2024-6">CNN stands to make millions from the Trump-Biden debate, but its rivals could make even more</a>.</li></ul><h2 id="73407def-310c-4497-a58e-8148ce800c81">What's happening today</h2><ul><li>Julian Assange attends his sentencing hearing after agreeing to plead guilty to espionage charges.</li><li>Russian judicial proceedings against detained Wall Street Journal reporter Evan Gershkovich begin in secret.</li><li>Paris Hilton, who spent nearly two years in residential treatment facilities as a teenager, testifies in Congress on child welfare.</li><li>"The Bear" season 3 drops on Hulu.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Annie Smith, associate producer, in London. Amanda Yen, fellow, in New York.

That job you're applying for might be fake

<ul><li>The IPO of Devyani International opened on August 4 and closed on August 6.</li><li>Devyani International Limited is the largest franchisee of <keyword id="268892" type="COMPANY" weightage="20" keywordseo="Yum-Brands">Yum brands</keyword> in India.</li><li>The IPO had received a good response from investors given it was subscribed 116.69 times on the last day of bidding.</li></ul>The allotment status of the initial public offering (IPO) of Devyani International Limited, which ended on 6 August 2021 is to be finalised on August 11, 2021. The size of the IPO is ₹1400 crore. The refund will be initiated on August 12 and the shares will be credited to the account on August 13. The price band of the shares was ₹86-90. The company will likely be listed on August 16, 2021. An initial public offering is the sale of a company’s initial stock to the general public. To invest in an IPO, an individual should own a demat or trading account. Devyani International is the largest franchisee for Costa coffee, <keyword id="6376241" type="ORGANIZATION" weightage="20" keywordseo="kfc">KFC</keyword> and <keyword id="58553" type="COMPANY" weightage="20" keywordseo="Pizza-Hut">Pizza Hut</keyword> stores in India. The IPO had received good response from investors given it was subscribed 116.69 times on the last day of the bidding. There are two websites to check the <keyword id="11263285" type="UNKNOWN" weightage="20" keywordseo="devyani-international-ipo">Devyani International IPO</keyword> allotment. One is through the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE</a> website and the other is through the <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">Link Intime</a> website. How to check Devyani International IPO allotment at Linkintime? <ul><li>Log in to the <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">Link Intime</a> website.</li><li>Select the IPO name (Devyani International IPO). </li><li>Choose the option from <keyword id="437599" type="PERSON" weightage="20" keywordseo="PAN-number">Pan Number</keyword>, Application Number or Demat Account number.</li><li>Add the details as per your selection.</li><li>Click on the search button to see the Devyani International IPO allotment.</li></ul>How to check Devyani International IPO Allotment at BSE? <ul><li>Log in to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE</a> website in the same way. </li><li>Select the issue type as Equity and the IPO name as Devyani International Limited. </li><li>After typing the application number and pan number, click on the search button to view the Devyani IPO allotment.</li></ul>This can be done through your demat account by checking the credited shares in the account. Or it can be checked through the bank account from which you applied. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/freshtohome-and-bluestone-backer-iron-pillar-is-planning-to-bring-assets-worth-1-billion-under-management/articleshow/85161486.cms">FreshtoHome and BlueStone-backer Iron Pillar is planning to bring assets worth $1 billion under managemen</a> <a href="https://www.businessinsider.in/tech/news/google-is-now-using-chrome-as-another-security-layer-for-account-sign-ins/articleshow/84975356.cms">Google is now using Chrome as an added security layer for account sign-ins</a>

Devyani International IPO: Here’s how to check the allotment status and more

<ul><li>Shares of <keyword id="142256" type="COMPANY" weightage="20" keywordseo="Devyani-International">Devyani International</keyword> listed at a premium of over 56% compared to its issue price of ₹90. </li><li>The issue was subscribed 117 times, with non-institutional investors leading the fray. </li><li>The market capitalisation of Devyani International stood at ₹16,956 crore post listing. </li></ul>Shares of Devyani International listed at a premium of 56% as the <keyword id="58553" type="COMPANY" weightage="20" keywordseo="Pizza-Hut">Pizza Hut</keyword> and <keyword id="6376241" type="ORGANIZATION" weightage="20" keywordseo="kfc">KFC</keyword> operator debuted on the stock exchanges on Monday. After the listing, the total market capitalisation of Devyani International stood at ₹16,956 crore, according to data from BSE. As of 10:05 a.m., share price of Devyani International was hovering around ₹131, up by 45% over the issue price of ₹90 per share. The grey market premium was hovering at ₹55 per share – a premium of over 61% on the issue price. In total, the Pizza Hut operator’s initial public offering (IPO) received an overwhelmingly positive response from investors – the issue was subscribed 117 times, with non-institutional investors taking the lead. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Subscription </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">95.27x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">213.06x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">39.48x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">4.7x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">116.7x </td></tr></tbody></table> Devyani International operates 692 stores across 155 cities in India. It also has operations in Nepal and Nigeria. Broadly, its business is divided into three verticals – Pizza Hut, KFC and Costa Coffee. Pizza Hut and KFC together contribute over 80% to the company’s revenue. The company believes the <keyword id="11866450" type="UNKNOWN" weightage="20" keywordseo="qsr-channel">QSR channel</keyword> is expected to witness a significant rebound in the future due to rapid urbanisation and proliferation of internet and scarcity of time for meals owing to busier lifestyles played key roles in the growth of popularity of western fast food in India. Quick-service restaurant is an eating establishment primarily focused on the provisions of meals or soft drinks, with limited or no table services. The total IPO size of Devyani International is ₹1,838 crore, which consists of a fresh issue of ₹440 crore. It intends to use the proceeds of the issue to repay ₹357 crore worth debt. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/pizza-hut-kfc-costa-coffee-operator-devyani-international-is-coming-with-new-ipo-in-india/articleshow/84575084.cms">Pizza Hut, KFC, Costa Coffee operator Devyani International to raise an estimated ₹1,400 crore through IPO</a> <a href="https://www.businessinsider.in/stock-market/news/devyani-international-ipo-heres-how-to-check-the-allotment-status/articleshow/85172719.cms">Devyani International IPO: Here’s how to check the allotment status and more</a>

Devyani International shares debut at over 56% premium as the Pizza Hut and KFC operator lists on stock exchanges

Watch out for 4 IPOs opening on August 4— here’s a snapshot for each of the companies selling shares tomorrow

<ul><li>The <keyword id="6354424" type="General" weightage="20" keywordseo="world-bank" source="Orion">World Bank</keyword> is inviting applications for its Bank Internship Programme, which is a part of their Summer Internship Programme 2022.</li><li>The tenure for the internship is five months, starting from May to September.</li><li>The last date to apply for the opportunity is January 31, 2022.</li></ul>The World Bank is inviting applications for its Bank Internship Programme, which is a part of their Summer Internship Programme 2022. The tenure for the internship is five months, starting from May to September in Washington, DC. The online application form is already out and the last date to apply for the opportunity is January 31, 2022. The internship is available in development operations and other business units such as human resources, communications, accounting. However, the duration and availability in any unit depends on the global institution. “The internship allows individuals to bring new perspectives, innovative ideas and research experience into the Bank's work, while improving skills in a diverse environment. In addition, it is a great way to enhance CVs with practical work experience,” says the World Bank on their official website. Eligibility criteria for the internship programme — <ol><li>Candidates must have an undergraduate degree and be enrolled in a full-time graduate study programme (PhD or master’s) with plans to return to school full-time.</li><li>There is no age limit for the programme.</li><li>Candidates should be fluent in English. However, knowledge of languages such as French, Spanish, Russian, Arabic, Portuguese, and Chinese is desirable.</li><li>Women candidates with diverse professional and academic backgrounds are encouraged to apply.</li></ol>Other important information The institution will pay an hourly salary to all interns and will provide an allowance toward travel expenses up to $3,000 at the discretion of the manager. These travel expenses can only include transport expenses (airfare) to or from the duty station city. Interns are responsible for their own accommodations. How to apply for the internship programme? <ol><li>Candidates will have to fill out an online application form <a href="https://login.worldbankgroup.org/worldbankgroupb2c.onmicrosoft.com/b2c_1_wb-bankinternship_sisu/oauth2/v2.0/authorize?client_id=d128c6ac-1d90-4a89-92f9-430cdaea9bfe&amp;redirect_uri=https%3A%2F%2Fwbgbip.worldbank.org%2Fbipform.aspx&amp;response_type=code%20id_token&amp;scope=openid%20profile%20offline_access%20https%3A%2F%2Flogin.worldbankgroup.org%2Fworldbankgroupb2c.onmicrosoft.com%2Foauth2%2Ftoken%3Fp%3DB2C_1_wb-bankinternship_SISU%2Fread%20https%3A%2F%2Flogin.worldbankgroup.org%2Fworldbankgroupb2c.onmicrosoft.com%2Foauth2%2Ftoken%3Fp%3DB2C_1_wb-bankinternship_SISU%2Fwrite&amp;state=OpenIdConnect.AuthenticationProperties%3DQ9OACpZR84EEtJZHR8rzeIOhNQGmWixsjX7EsddFkX9G1sdxvWp4DwE4ahQmQBrFYRvHFKjSSg9Gf1HYVd68pUNdZe05e-fwzDaab2fvbhcqReONyf8oVIoHE2Er5Ly3wDn1PcPNDOedPvnQd6koWNs6wdPG7xNzqqmLc1HL22NYHLyulIel1F9_YSz-bTyzENDjN1ZyFG9vpQKuZu7P_8H_V_x1bRew1Qx6vqbuJw0IWBxaGX-AwMOSCpLJsKJl&amp;response_mode=form_post&amp;nonce=637749724133656722.MTRiNzgxNmItZGM3Ni00MTE4LWIyZjMtYzc0ZDdkNjExMGM2ZGJjNWZiNzAtOTgyOS00YjYyLThkZTAtODVhMWFhODEyYmFl&amp;x-client-SKU=ID_NET461&amp;x-client-ver=5.4.0.0">here</a>. Please complete the application within 90 minutes in one single session to avoid a system timeout.</li><li>Applicants must upload these documents — Curriculum Vitae (CV) or resume, Statement of Interest, proof of enrollment in a graduate degree. Note: Each file should not exceed more than 5 MB and should be in one of the following formats: .doc, .docx, or .pdf</li><li>Once you submit your application, you will not be able to make any further changes/updates.</li><li>Upon submission of your application you will receive an email confirmation providing you with your application number.</li></ol>Shortlisted candidates will be contacted or notified by the hiring managers. Candidates should note that they will hear from the managers only when they are shortlisted. Candidates can seek more information <a href="https://www.worldbank.org/en/about/careers/programs-and-internships/internship">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/after-giving-up-on-90-minute-delivery-five-years-ago-due-to-lack-of-profitability-grofers-is-now-chasing-10-minute-delivery/articleshow/88253221.cms">After giving up on 90-minute delivery five years ago due to lack of profitability, Grofers is now chasing 10-minute delivery</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/metro-brands-ipo-gmp-and-why-analysts-say-subscribe-for-long-term/articleshow/88252982.cms">The grey market is losing interest in Metro Brands’ IPO, but the analysts are still gung ho ⁠— here’s what the data have to say</a>

Internship at the World Bank — Checkout criteria, how to apply and other details

<ul class="summary-list"><li>Once ChatGPT hit the scene at the end of 2022, Wall Street ramped up its efforts in AI.</li><li>Business Insider has reported on how some of finance's biggest names are approaching the new tech.</li></ul><a target="_blank" href="https://www.businessinsider.com/generative-ai-threat-to-saas-companies-software-as-a-service-2023-5">Generative AI</a> has had Wall Street abuzz since the introduction of Open AI's ChatGPT in late 2022.Business Insider has been reporting on how some of finance's biggest players are approaching artificial intelligence, from how it might impact jobs to how to use it to cut costs and ramp up efficiencies. It might even be the sector to <a target="_blank" href="https://www.businessinsider.com/top-investment-bankers-for-generative-ai-acquisitions-capital-raising-advice">end the drought in dealmaking.</a>Experts in the space are in high demand as banks and investment giants race to understand and implement AI. However, there's a level of trepidation, and most are early in experimenting with different use cases.Here is what we know about how Wall Street is embracing AI:<h2>Banks accelerated their AI research and use cases due to the rise of ChatGPT</h2>We identified 17 of the top AI executives and technologists to know at the country's biggest banks.<ul><li><a target="_blank" href="https://www.businessinsider.com/artificial-intelligence-executives-at-goldman-sachs-jpmorgan-bofa-citigroup-morgan-stanley">How the 6 biggest US banks are thinking about AI and the 17 executives leading the strategy</a></li></ul>JPMorgan CEO Jamie Dimon said banks can win the AI battle against fintech in an earnings call this fall. Dimon laid out his vision for how America's largest bank will win this race through data. Meet the leaders of that mission.<ul><li><a target="_blank" href="https://www.businessinsider.com/jpmorgan-ai-strategy-execs-new-data-analytics-team-2023-6">Jamie Dimon says he's out to win the AI arms race. See who he's put in charge of this critical mission.</a></li></ul>Goldman Sachs' chief information officer and head of machine learning quants say we are at an inflection point with AI. Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. Marco Argenti and Dimitris Tsementzis outlined three areas where the bank is experimenting with LLMs.<ul><li><a target="_blank" href="https://www.businessinsider.com/goldman-sachs-marco-argenti-generative-ai-use-cases-tech-banking-2023-3">Inside Goldman Sachs' plans for AI, from helping non-tech workers do more with software to streamlining how code is documented</a></li></ul>Deutsche Bank is aggressively experimenting with AI capabilities to transform the bank.The bank is on a hiring spree, trying to more than double its AI employee base of around 300, but uncertainty around regulation, talent wars, and the cost of scaling the tech won't make it easy.<ul><li><a target="_blank" href="https://www.businessinsider.com/deutsche-bank-to-launch-generative-ai-tools-hire-hundreds-engineers-2023-9">Deutsche Bank wants to transform its business with generative AI. The German bank's tech chief lays out its strategy as it hires hundreds.</a></li></ul>For a look into how America's biggest banks have been thinking about innovating through AI, just take a look at the patents they've filed through the years. Data from consultancy Evident shows how banks are using the tech in everything from trading to UX.<ul><li><a target="_blank" href="https://www.businessinsider.com/wall-street-ai-patents-use-cases-trading-user-experience-2024-3">How Wall Street's biggest banks are actually looking at using AI, according to patent filings</a></li></ul>AI is entering the deal room. Investment bankers at nine top firms predict that AI will trigger a wave of M&amp;A and IPOs. Here are 11 bankers poised to lead the AI revolution for Wall Street.<ul><li><a target="_blank" href="https://www.businessinsider.com/top-investment-bankers-for-generative-ai-acquisitions-capital-raising-advice">Wall Street is gearing up for an AI shopping spree. Meet 11 bankers poised to come out on top.</a></li></ul><h2>Hedge funds have been on an AI hiring tear as firms look to solidify their teams and strategies</h2>Top AI executives at hedge funds are tasked with setting their companies' AI agendas and ensuring that research and tech development progress is shared across the firm. These execs aren't always responsible for building the technology. For some, their role is influencing—or advocating for — its use among internal stakeholders, like portfolio managers, business leaders, and fund founders.<ul><li><a target="_blank" href="https://www.businessinsider.com/ai-top-hedge-funds-11-experts-2023-11">How 9 hedge funds, including Millennium and AQR, are thinking about AI — and the 11 experts leading the charge</a></li></ul>Bridgewater plans to launch a fund next July that will be driven by AI. The fund's AIA Labs is working to replicate every stage of the investment process with machine learning. The firm's co-chief investment officer and chief scientist outlined the plans of the world's largest hedge fund.<ul><li><a target="_blank" href="https://www.businessinsider.com/bridgewater-building-ai-fund-machine-learning-greg-jensen-2023-11">One of Bridgewater's top investors explains why the world's largest hedge fund is handing the investment process over to AI in a new fund</a></li></ul>Balyasny Asset Management is in the midst of building the AI equivalent of a senior analyst. Charlie Flanagan, the head of applied AI at the $21 billion hedge fund, broke down his plan to amass a collection of bots to automate grunt work for analysts.<ul><li><a target="_blank" href="https://www.businessinsider.com/balyasny-hedge-fund-ai-proactive-analysis-bots-2024-1">How $21 billion Balyasny is building an AI equivalent of a senior analyst</a></li></ul>Man Group, the largest publicly listed hedge fund with $161.2 billion in assets under management, launched a new data and machine learning group focused on generative AI in October. Tim Mace, who heads the department, outlined new capabilities his team is developing.<ul><li><a target="_blank" href="https://www.businessinsider.com/man-group-new-ai-team-plans-alpha-assistant-2023-11">The new AI head at Man Group, the largest publicly listed hedge fund, breaks down his plans to change how investors work</a></li></ul>Interviews with 11 AI executives, recruiters, vendors, and consultants working on Wall Street lifted the hood on the cultural challenges hedge funds might face as they use their deep pockets to lure in AI talent. These leaders can struggle to gain the trust of business leaders and break into investment teams, and AI researchers have struggled with hedge funds' penchant for secrecy.<ul><li><a target="_blank" href="https://www.businessinsider.com/hedge-funds-artificial-intelligence-talent-culture-clash-citadel-2024-2">Inside the rocky marriage of hedge funds and top AI talent</a></li></ul><h2>Other asset managers are also trying to figure out how AI can boost their dealmaking and investment skills</h2>As private equity giants place insurance firms at the center of their private-credit businesses, Blackstone is hoping AI will give it a leg up to capture more of the market. Here's how the firm is giving its insurance clients an edge with revved-up risk management capabilities.<ul><li><a target="_blank" href="https://www.businessinsider.com/heres-how-blackstone-using-ai-win-more-insurance-clients-2024-2">How Blackstone is using AI to win over big insurance companies hungry for private credit</a></li></ul>Swedish PE giant EQT built an AI engine called Motherbrain that has changed how its investors source deals. ChatGPT enables the investing giant to take the next step with its AI ambitions.<ul><li><a target="_blank" href="https://www.businessinsider.com/eqt-using-chatgpt-artificial-intelligence-boost-vc-pe-businesses-2023-2">EQT is using ChatGPT 'to make cyborgs' out of its dealmakers. Here's how.</a></li></ul>AllianceBernstein has been building a team focused on AI and data science since 2017.Andrew Chin, AB's head of investment solutions and data science, talked to BI about how the asset manager uses AI to get an edge, save analysts hours of work, and improve risk management.<ul><li><a target="_blank" href="https://www.businessinsider.com/alliancebernstein-ai-and-data-science-strategy-2023-8">How $704 billion money manager AllianceBernstein uses AI across everything from research to operations to save hundreds of thousands</a></li></ul><h2>AI is shaking up the tech talent market on Wall Street, from creating new jobs to changing what it takes to be a coder.</h2>Banks, hedge funds, and private equity firms are switching into hiring gear thanks, in part, to a seemingly insatiable demand for AI. Five recruiters outline the most in-demand tech roles on Wall Street<ul><li><a target="_blank" href="https://www.businessinsider.com/hottest-wall-street-tech-jobs-and-pay-according-recruiters-2024-4">Here are the most in-demand tech roles on Wall Street and how much they pay, according to 5 top recruiters</a></li></ul>AI is creating entirely new jobs on Wall Street. Here's one, which has some private equity firms shelling out pay packages of up to $2 million to drum up AI at portfolio companies.<ul><li><a target="_blank" href="https://www.businessinsider.com/private-equity-firms-hiring-ai-execs-portfolio-companies-2024-4">Private equity firms are 'clamoring' to hire AI executives with some offering pay packages of up to $2 million</a></li></ul>Blackstone recently hired an AI exec from Walmart to apply the technology at its some 230 portfolio companies.<ul><li><a target="_blank" href="https://www.businessinsider.com/blackstone-hires-walmart-data-exec-apply-ai-portfolio-companies-2024-4">From Walmart to Wall Street: Blackstone hires AI whiz to supercharge its portfolio companies</a></li></ul>AI is redefining what it takes to be a software engineer on Wall Street. Top tech execs from Goldman Sachs and Citi open up about why they want their developers to have liberal arts degrees.<ul><li><a target="_blank" href="https://www.businessinsider.com/wall-street-wants-engineers-liberal-arts-degrees-philosophy-psychology-2024-4">What does Goldman Sachs want in a coder? For them to have studied philosophy.</a></li></ul>Business Insider spoke to five industry experts to get their take on how ChatGPT and its underlying tech could be applied to various sectors of financial services.<ul><li><a target="_blank" href="https://www.businessinsider.com/how-chatgpt-could-be-used-on-wall-street-investing-dealmaking-2023-2">ChatGPT could upend jobs across Wall Street. Here's how 6 areas of finance, from investment banking to wealth management, might be impacted.</a></li></ul>AI could improve the lives of investment bankers by taking on some tedious tasks, but it can also make it harder to break into and alter the skills required for entry.<ul><li><a target="_blank" href="https://www.businessinsider.com/how-ai-will-change-the-investment-banking-career-path-2023-9">How AI will change the job of the junior banker and raise the bar to entry</a></li></ul>As financial firms' AI strategies come into focus, they're hiring more technologists with specialized skills. For those who want to land an AI job on Wall Street, here's everything you need to know about how tech skills and roles are changing.<ul><li><a target="_blank" href="https://www.businessinsider.com/ai-shaping-future-tech-jobs-wall-street-2023-10">The biggest banks are fighting over AI talent. Here are the roles finance firms are looking to hire for, and what skills you need to get them.</a></li></ul><h2>Startups are looking to capitalize on Wall Street's AI fever.</h2>Wall Street firms know the pains of having to satisfy regulators, but advancements in AI are introducing a whole new level of scrutiny and complexity. Meet this startup, which automates some of the most time-intensive parts of the risk management process.<ul><li><a target="_blank" href="https://www.businessinsider.com/validmind-pitch-deck-fintech-ai-risk-startup-point72-ventures-2024-3">Here's the pitch deck this AI risk management startup used to raise $8 million in a round led by Point72 Ventures</a></li></ul>Louisa AI is a startup built to suggest potential deals for investment bankers and venture capital investors. The fintech, which was born inside Goldman Sachs by a former Goldman managing director, has suggested $800 million in deal values per quarter across a handful of clients.<ul><li><a target="_blank" href="https://www.businessinsider.com/louisa-ai-pitch-deck-5-million-dealmaking-fintech-2024-3">See the pitch deck that helped a former Goldman Sachs exec raise $5 million for an AI-powered networking startup that feeds deal ideas to bankers.</a></li></ul>Wall Street has a reputation for a hard-charging work culture, something that every junior banker learns in their life. Gabe Stengel was one such banker, sometimes staying up until 5 a.m. to create earnings summaries or to pull together presentations for superiors while at Lazard. Stengel knew there had to be a better way.<ul><li><a target="_blank" href="https://www.businessinsider.com/rogo-pitch-deck-seed-fintech-ai-2024-2">See the pitch deck that helped former investment bankers raise a $7 million seed round for their generative 'AI consigliere' to bankers and analysts</a></li></ul>

Here's everything we know about how Wall Street is adopting AI

<ul><li>The IPO of Tega Industries was subscribed 4.6 times on the first day of issue on December 1.</li><li>Tega is looking to raise ₹600 crore from this IPO, which is entirely an offer for sale of 1.3 crore equity shares.</li><li>Retail investors can bid for a minimum of 33 shares with an investment of ₹14,949 per share.</li></ul>The initial public offering (IPO) of Tega Industries, a manufacturer of consumables for the mining industry, was subscribed 4.6 times on the first day of issue on December 1. The public issue reported a strong demand from non-institutional buyers as well as retail investors, who oversubscribed the shares. The company received quite an underwhelming response from qualified institutional buyers (QIB) on day 1. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investor category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription (times) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutions </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.07 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.17 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.51 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.67 </td></tr></tbody></table>Source: BSE Tega is looking to raise ₹600 crore from this public issue, which is entirely an offer for sale of 1.3 crore equity shares by promoters and existing shareholders. The company’s grey market premium (GMP) was at ₹370 apiece in the grey marker on December 1, representing a hike of ₹60 from a day ago. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stakeholders </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Offer for Sale </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Madan Mohan Mohanka </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">33.14 lakh equity shares </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manish Mohanka </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.63 Lakh equity shares </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> TA Associates </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">96.92 lakh equity shares </td></tr></tbody></table>The company’s shares are likely to list on the stock market on December 13, 2021. The price band for the public issue has been set at ₹443 to ₹453. Retail investors can bid for a minimum of 33 shares with an investment of ₹14,949 per share. Tega Industries provides customised solutions to the mining, bulk material handling and transportation industry like manufacturing of wear resistant lining components required for grinding, sizing and others. It has a product portfolio of more than 55 mineral processing and material handling products. The company has six manufacturing sites, including three in India — Dahej in Gujarat, Samali and Kalyani in West Bengal, and three sites in major mining hubs of Chile, South Africa and Australia. SEE ALSO <a href="https://www.businessinsider.in/india/news/international-flights-from-india-will-not-be-resuming-on-december-15-due-on-concerns-of-new-covid-19-variant/articleshow/88029203.cms" data-type="tilCustomLink">International flights from India will not be resuming on December 15 due to concerns of new COVID-19 variant</a> <a href="https://www.businessinsider.in/personal-finance/news/here-is-how-you-can-link-your-pan-before-applying-for-the-lic-ipo/articleshow/88032810.cms" data-type="tilCustomLink">Do you own an LIC policy? Here is how you can link your PAN before applying for the LIC IPO</a> <a href="https://www.businessinsider.in/india/news/serum-institute-seeks-drug-regulators-approval-to-start-booster-doses-of-covishield/articleshow/88034074.cms" data-type="tilCustomLink">Serum Institute seeks drug regulator's approval to start booster doses of Covishield</a>

Tega Industries’ IPO oversubscribed on Day 1 — GMP at ₹370

<ul><li>The retail investors have subscribed to the <keyword id="6515163" type="General" weightage="20" keywordseo="fino-payments-bank-ipo" source="Orion">Fino Payments Bank IPO</keyword> 2.73 times on the first day of IPO bidding process.</li><li>The firm is looking to raise ₹1,200 crore through the public listing including an offer for sale worth ₹900 crore.</li><li>The Navi Mumbai-based fintech company <keyword id="3526030" type="General" weightage="20" keywordseo="fino-payments-bank" source="Orion">Fino Payments Bank</keyword> will be the first payments bank to get listed on the stock exchanges, that too while making profits.</li></ul>Today (November 1) is the second day to subscribe to the initial public offering (IPO) of Navi Mumbai-based fintech company Fino Payments Bank. The IPO has been subscribed 0.5 times on the first day of the IPO. The retail investors have subscribed 2.73 times to the IPO. The company is looking to raise ₹1,200 crore through public listing including ₹900 crore through an offer for sale of 1.56 crore shares and ₹300 fresh issue of 52 lakh shares. The price band of the IPO is set at ₹560-577 per share. The IPO opened for subscription on October 29 and will end on November 2. Promoter Fino Paytech will sell 52 lakh shares in the IPO. The bank plans to utilise the net proceeds from the fresh issue towards augmenting its tier-I capital base to meet its future capital requirements. Analysts are <a href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-ipo-opens-today-heres-what-analysts-are-saying-about-it/articleshow/87346627.cms">positive </a>on the fintech industry and believe they are poised to grow in the future. “Fintech companies' demand is poised for growth on the back of rising internet penetration, higher disposable income, development of technology, low-cost infrastructure, government initiatives like UPI, etc. We believe Fino Bank is one of the key beneficiaries of opportunities in the sector,” said analysts at Religare Broking. The company <a href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-will-be-the-first-fintech-startup-in-india-to-get-listed-on-the-bourses-and-it-is-profitable/articleshow/87280457.cms">claims </a>to be the first profitable player in the payments bank space to hit the Indian stock market. Paytm is another payments bank firm in line to get listed soon. Although Paytm has received SEBI’s nod, it is yet to announce dates to launch its initial public offering (IPO). “We are the only scheduled payment bank, which is profitable, we have set up the bank on very low capital,” said Rishi Gupta, managing director and chief executive officer (CEO) of the payment bank. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/paytm-ipo-will-open-on-november-8-to-raise-2-4-billion/slidelist/87357511.cms">Things to know about Paytm before placing a bet on its IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/rbi-is-hiring-125-interns-for-its-summer-internship-next-year-checkout-the-details-and-how-to-apply/articleshow/87358727.cms">RBI is hiring 125 interns for its summer internship next year — Checkout the details and how to apply</a>

Fino Payments Bank IPO has been subscribed 0.5 times so far, today is the second day to subscribe

<ul><li>Shares of <keyword id="10938100" type="PERSON" weightage="20" keywordseo="exxaro-tiles">Exxaro Tiles</keyword> listed at a premium of 5% compared to its issue price of ₹120. </li><li>The issue was subscribed 22.65 times, with retail investors leading the fray. </li><li>The market capitalisation of Exxaro Tiles stood at ₹564 crore post listing. </li></ul>Shares of Exxaro Tiles listed at a premium of 5% as the vitrified tiles maker debuted on the stock exchanges on Monday. After the listing, the total market capitalisation of Exxaro Tiles stood at ₹564 crore, according to data from BSE. As of 10:15 a.m., the share price of Exxaro Tiles was hovering around ₹126.10, up by 5.1% over the issue price of ₹120 per share. The grey market premium was hovering at ₹15 per share – a premium of over 12% on the issue price. In total, the vitrified tiles maker’s initial public offering (IPO) received a positive response from investors – the issue was subscribed nearly 23 times, with retail investors taking the lead. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Subscription </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">17.67x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">5.36x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">40.05x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">2.53x </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">22.65x </td></tr></tbody></table> The Exxaro Tiles issue was open for subscription from August 4 to August 6. The company received bids for 25.96 crore shares as against 1.14 crore shares on offer. The issue was subscribed 22.65 times. Overall, the IPO helped the company raise ₹161 crore. Of these proceeds, Exxaro Tiles intends to repay ₹50 crore debt and use ₹45 crore to meet its working capital requirements, with the rest going towards general corporate purposes. Exxaro Tiles is engaged in the manufacturing and marketing activities of vitrified tiles. It manufactures double charge vitrified tiles and glazed vitrified tiles made from ceramic materials i.e., clay, quartz, and feldspar. Its product portfolio consists of more than 1000 different designs of tiles in 6 sizes. Topaz Series, Galaxy Series, and High Gloss Series are some of the well-established products of the company. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/shares-of-devyani-international-listed-at-a-premium-of-over-56-compared-to-its-issue-price-of-90/articleshow/85360370.cms">Devyani International shares debut at over 56% premium as the Pizza Hut and KFC operator lists on stock exchanges</a> <a href="https://www.businessinsider.in/stock-market/news/exxaro-tiles-ipo-how-to-check-allotment-status-listing-date-and-more/articleshow/85182666.cms">Exxaro Tiles IPO: How to check allotment status, listing date and more</a>

Exxaro Tiles shares debut at a 5% premium as the vitrified tiles maker posts a lukewarm listing on stock exchanges

<ul class="summary-list"><li>Language-learning app <keyword id="1107203" type="PERSON" weightage="60" keywordseo="Duolingo">Duolingo</keyword> has filed for an <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> on the <keyword id="6357328" type="UNKNOWN" weightage="60" keywordseo="nasdaq">Nasdaq</keyword> under the ticker symbol "DUOL".</li><li>The company did not confirm how much it was seeking to raise in its IPO or what its target share price is. </li><li>In the first quarter of 2021, Duolingo saw 97% growth compared to the same quarter in 2020. </li></ul>Language-learning app Duolingo filed for an initial public offering on the Nasdaq under the ticker symbol "DUOL" on Monday, but did not disclose its valuation or share price targets, Securities and Exchange Commission <a href="https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&amp;CIK=0001562088&amp;owner=include&amp;count=40amp;count=40">documents</a> show. The app, whose last confirmed valuation was $2.4 billion in last November, advertised its revenue and subscriber growth to potential investors in the SEC documents alongside its position in the market.The app maker noted 97% revenue growth to $55.4 million in the first quarter of 2021, compared to the same period last year, where the app made $28.1 million. In 2020, Duolingo saw 129% year-over-year revenue growth, as revenue more than doubled from $70.8 million in 2019 to $161.7 million in 2020. The app noted losses worth $13.5 million in the first quarter of this year, compared to $2.2 million in the Q1 of 2020.As of March 31st 2021, Duolingo reported 40 million monthly users and 1.8 million paying subscribers. 72% of its revenue came from subscriptions, which unlock an ad-free experience and additional features on the app. Duolingo, which is backed by CapitalG, which falls under the umbrella of Google's parent company Alphabet, offers users free access to courses in 40 languages, including endangered ones, and focuses on gamifying the learning experience to attract and motivate users. Additionally, it offers the Duolingo English Test that can, for example, be used by international students to prove their English proficiency when applying for university in English-speaking countries. 11% of the app's revenue came from these tests and other revenue combined in the first quarter of 2021. The remaining 17% of revenue was made through advertising.Within the <keyword id="681694" type="ORGANIZATION" weightage="60" keywordseo="Language-learning">language learning</keyword> market, online education is the fastest growing segment and will grow to $47 billion in 2025, up from $12 billion in 2019, according to HolonIQ data cited by Duolingo in its IPO prospectus. Goldman Sachs, Allen &amp; Company, Evercore ISI and Barclays will lead Duolingo's IPO offering. Two classes of stocks will be for sale, with class A shares being equivalent to one vote and class B shares equal ling 20 votes, the SEC filing shows. Earlier this week, Renaissance Capital data showed that <a href="https://markets.businessinsider.com/news/stocks/ipo-market-record-stock-outlook-performance-deal-forecast-busiest-renaissance-2021-6-1030560242">the second quarter of 2021 was the busiest quarter for IPOs since 2000</a> and that IPOs have staged a comeback after falling steeply in May this year. On average, IPOs saw returns of 34% in the last quarter. The headline has been amended to reflect Alphabet does not back Duolingo directly, but rather indirectly through its CapitalG fund.

Language-learning app maker Duolingo files for an IPO

The <keyword id="64822" type="ORGANIZATION" weightage="20" keywordseo="International-Olympic-Committee">International Olympic Committee</keyword> (<keyword id="6354733" type="UNKNOWN" weightage="20" keywordseo="ioc">IOC</keyword>) has set up a 24-hour helpline, called 'Mentally Fit Helpline', for athletes competing in Tokyo to help them overcome stress and anxiety due to bio-bubble life at the Games. A joint initiative of the IOC and the <keyword id="381222" type="ORGANIZATION" weightage="20" keywordseo="International-Paralympic-Committee">International Paralympic Committee</keyword> (<keyword id="6360844" type="ORGANIZATION" weightage="20" keywordseo="ipc">IPC</keyword>), the helpline will be available during and for up to three months after the Games. World No. 2 tennis player Naomi Osaka had in May raised the issue of the impact of the pandemic on the mental health of sportspersons. The Japanese player had pulled out of the French Open before her second-round match, saying she had anxiety issues while speaking to the media and that she had "suffered a long bout of depression." That had set the tennis world talking about the mental wellbeing of sportspersons, and the IOC's helpline is an effort to help athletes tackle such problems. The helpline will be staffed by counsellors, who can provide help, advice, and support in over 70 languages, said a report on IOC's official website. "The helpline offers in-the-moment clinical support, structured short-term counselling, practical support and, if needed, guidance to the appropriate IOC reporting mechanisms in the case of harassment and/or abuse. The service is free and can be accessed via phone, email, instant messaging or the iConnectYou app." Athletes who register with the helpline during the Games will benefit from six structured short-term counselling sessions providing on-the-spot clinical support for up to three months post-competition. The helpline is in addition to the <keyword id="11666871" type="UNKNOWN" weightage="20" keywordseo="mental-health-support-services">mental health support services</keyword> in place during the Games (including the presence of onsite psychologists and psychiatrists in the Village Polyclinic). SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/tatva-chintan-pharma-chem-ipo-heres-how-to-apply-via-banks-and-apps-like-zerodha-upstox/articleshow/84462586.cms">Tatva Chintan Pharma Chem IPO: Here’s how to apply via banks and apps like Zerodha, Upstox</a> <a href="https://www.businessinsider.in/education/news/these-are-some-of-the-universities-that-offer-free-education-for-international-students/slidelist/84463712.cms">Planning to study abroad? These are some of the universities that offer a free education for international students</a>

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