Page 105 - Latest Updates on IPO
With Happiest Minds, 77-year-old Ashok Soota hits IPO jackpot a second time
Happiest Minds, which gets almost all of its revenue from digital services, is one of two IPOs this week to woo Indian investors
 "With Happiest Minds, 77-year-old Ashok Soota hits IPO jackpot a second time")
Route Mobile IPO fully subscribed on day 1, most bids from retail investors
The funds raised will be utilized to repay debt, make strategic acquisition and purchase office premises in Mumbai. The price band for the IPO is Rs 345 to Rs 350 per share
 "Route Mobile IPO fully subscribed on day 1, most bids from retail investors")
Happiest Minds IPO subscribed 151 times, sees bids worth Rs 58,000 cr
Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital
 "Happiest Minds IPO subscribed 151 times, sees bids worth Rs 58,000 cr")
Bombay HC directs UTI AMC to include staff liabilities in IPO prospectus
The liabilities could amount to Rs 1,250 crore, with bulk arising out of pension dues to 1,200-odd former employees, as per estimates by staff associations
 "Bombay HC directs UTI AMC to include staff liabilities in IPO prospectus")
Initial public offering mania in China creates 3 new billionaires in a week
Initial public offerings have been an important channel for wealth creation in China
Bain-backed flash memory chipmaker Kioxia launches $3.6 billion IPO
Bain, which initially planned to list Kioxia last year, pushed back the listing because of deteriorating market conditions
September may see end of one-month IPO drought with five hitting the market
Despite supportive markets, August saw no new offerings
Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector
Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus
 "Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector")
PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion
The company's foray into financial services is going to play a key role in the firm becoming profitable and going public
 "PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion")
German Covid-19 vaccine developer CureVac to raise up to $213 mn in US IPO
German biotech CureVac B.V., which is in early stages of testing its coronavirus vaccine, said on Monday it expects to raise up to $213 million in its U.S. initial public offering (IPO).
 "German Covid-19 vaccine developer CureVac to raise up to $213 mn in US IPO")
Mindspace REIT IPO sees 13 times more demand than shares on offer
Mindspace REIT has already allotted units worth Rs 2,644 crore to anchor investors
 "Mindspace REIT IPO sees 13 times more demand than shares on offer")
Mindspace Business Parks REIT IPO fully subscribed a day before close
The price band for the REIT offering is Rs 274-Rs 275 per unit
 "Mindspace Business Parks REIT IPO fully subscribed a day before close")
Rossari Biotech shares soar 75% on debut on the back of huge demand
The last company to list following an IPO was SBI Cards on March 16
 "Rossari Biotech shares soar 75% on debut on the back of huge demand")
Rossari Biotech to launch Rs 500 cr initial public offering on Monday
Rossari has reduced the fresh issue component from Rs 150 crore to Rs 50 crore
UTI MF looks to bury the ghosts of the past as it finally goes public
The 3rd fund house to go public will succeed if legacy issues are put to rest; Industry insiders say that till now UTI has high brand recall in smaller cities, when investors consider a MF portfolio
 "UTI MF looks to bury the ghosts of the past as it finally goes public")
UTI AMC yet to resolve pension issue of former staff as IPO nears
Employee association plan to move court if corrective action is not taken
 "UTI AMC yet to resolve pension issue of former staff as IPO nears")
Three Life Insurance Corp unions urge govt not to divest stake in insurer
According to them, LIC today is managing assets in excess of Rs 32 trillion
 "Three Life Insurance Corp unions urge govt not to divest stake in insurer")
Online used car seller Vroom raises $467.5 million in upsized US IPO
Vroom priced its IPO at $22, above the initially marketed range of $18 to $20
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
 "Is India's richest man Mukesh Ambani betting on US-China tech war?")
Covid-19 impact: PE/VC investments hit 12-quarter low at $5.1 billion
At $2.2 billion, large deals declined by over 70 per cent on a year-on-year basis in the same period
 "Covid-19 impact: PE/VC investments hit 12-quarter low at $5.1 billion")