Page 16 - Latest Updates on IPO
Globe Civil Projects IPO gets fully subscribed on day 1 of bidding
The ₹119-crore IPO received bids for 8,16,76,623 shares against 1,17,32,392 shares on offer, as per NSE data
 "Globe Civil Projects IPO gets fully subscribed on day 1 of bidding")
Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025
The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal
 "Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025")
Ellenbarrie Industrial raises ₹256 crore from anchors investors before IPO
The ₹852-crore initial public offering (IPO) will open for public subscription on June 24 and conclude on June 26. The price band has been set at Rs 380-400 per share for the issue
 "Ellenbarrie Industrial raises ₹256 crore from anchors investors before IPO")
PhonePe eyes $1.5 billion IPO, draft papers likely by early August
Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley have been enlisted to manage PhonePe's IPO
 "PhonePe eyes $1.5 billion IPO, draft papers likely by early August")
Oswal Pumps share slips 7%, falls below IPO price after lacklustre debut
Shares of Oswal Pumps slipped 7 per cent to ₹580, falling below its issue price ₹614 on the BSE in Monday's intra-day trade.
 "Oswal Pumps share slips 7%, falls below IPO price after lacklustre debut")
Decision on merger with Biocon Biologics soon, says Siddharth Mittal
We are talking about the GLP-1 opportunity and our strong franchise in insulins. There is a huge demand in the global diabetes-obesity segment, said Siddharth Mittal
 "Decision on merger with Biocon Biologics soon, says Siddharth Mittal")
Street Signs: Nifty's new conquest, SME bankers under regulatory scalpel
The Nifty 50 index broke new ground, closing "decisively" above the 25,000 mark for the first time since September 2024
 "Street Signs: Nifty's new conquest, SME bankers under regulatory scalpel")
Arisinfra Solutions subscribed 2.6x; Sambhv Steel prices IPO at ₹77-₹82
Sambhv Steel IPO is a mix of fresh issue of equity shares valued at ₹440 crore and an offer for sale of shares worth ₹100 crore by promoters
 "Arisinfra Solutions subscribed 2.6x; Sambhv Steel prices IPO at ₹77-₹82")
Ellenbarrie sets IPO price at ₹380-400; Arisinfra subscribed 1.3x on Day 2
The Rs 852-crore IPO is a mix of fresh issue worth Rs 400 crore and an offer for sale of Rs 452 crore
 "Ellenbarrie sets IPO price at ₹380-400; Arisinfra subscribed 1.3x on Day 2")
Reverse-flipping and startup IPOs get boost as Sebi relaxes norms
Sebi allows ESOP, convertible security holding at DRHP stage, relaxes PSU delisting, FPI norms; proposes fee transparency, simplifies documents for investors
 "Reverse-flipping and startup IPOs get boost as Sebi relaxes norms")
Urban Company swings to profit ahead of planned IPO as revenue jumps 38%
Home services platform posts ₹240 crore profit in FY25, driven by tax credit and strong user retention
 "Urban Company swings to profit ahead of planned IPO as revenue jumps 38%")
Arisinfra Solutions' IPO receives 24% subscription on day 1 of offer
The retail investor segment was subscribed 1.04 times on the first day, while non-institutional investor participation stood at 19 per cent of the allocated quota
 "Arisinfra Solutions' IPO receives 24% subscription on day 1 of offer")
Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors
The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component
 "Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors")
Oswal Pumps IPO subscribed 34 times; QIBs bid 88 times the quota
The ₹1,387-crore IPO saw strong interest from institutional and HNI investors, with proceeds earmarked for expansion, subsidiary investment, and debt repayment
 "Oswal Pumps IPO subscribed 34 times; QIBs bid 88 times the quota")
Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks
The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors
 "Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks")
Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore
The issue will open for subscription on June 24 and will close on June 26, the company said in a statement
 "Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore")
StarBigBloc Building gets shareholders' approval to raise funds via IPO
Incorporated in 2015, BigBloc Construction is one of the largest and only listed AAC block manufacturers in India, with a 1.3 million cubic meters annual capacity across plants
 "StarBigBloc Building gets shareholders' approval to raise funds via IPO")
Cordelia Cruise owner files DRHP, NSEIX inks MoU with CSE, and more
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement to invest $60 million in Motilal Oswal Alternates' India Business Excellence Fund V G
 "Cordelia Cruise owner files DRHP, NSEIX inks MoU with CSE, and more")
PLI auto scheme for e2Ws needs to be revisited: Ather Energy cofounder
PLI should've been directed at startups - the real pushers of innovation, Tarun Mehta said
 "PLI auto scheme for e2Ws needs to be revisited: Ather Energy cofounder")
Fidelity marks up Lenskart to $6.1 bn ahead of planned $10 bn IPO
Fidelity raises Lenskart's valuation to $6.1 billion as the eyewear startup prepares to go public with a $1 billion raise and a target valuation of $10 billion
 "Fidelity marks up Lenskart to $6.1 bn ahead of planned $10 bn IPO")