Page 111 - Latest Updates on IPO
After lukewarm response to Spandana IPO, other MFIs re-evaluate IPO plans
In the next few quarters, at least two other MFIs, Arohan and Muthoot Microfin are planning for an IPO
 "After lukewarm response to Spandana IPO, other MFIs re-evaluate IPO plans")
Sterling & Wilson IPO garners only 92% subscription on the last day
In the IPO, promoters Shapoorji Pallonji Company and Khurshed Yazdi Daruval had put on the block shares worth Rs 2,083 crore and Rs 1,042 crore, respectively
 "Sterling & Wilson IPO garners only 92% subscription on the last day")
Affle India shares gain 15% on debut
The successful listing follows huge demand for the Microsoft-backed firm's IPO, which was subscribed 87 times.
 "Affle India shares gain 15% on debut")
From Khadim to S Chand & Co: 11 cos' market-cap slips below IPO issue size
There could be more pain in store for these stocks as analysts expect the markets to remain under pressure for some more time given the domestic and global developments
 "From Khadim to S Chand & Co: 11 cos' market-cap slips below IPO issue size")
Affle India makes strong debut, lists at 25% premium over issue price
The mobile marketing firm's Rs 459 -crore initial public offer (IPO) received a huge response from investors as the issue was overall subscribed 86 times
 "Affle India makes strong debut, lists at 25% premium over issue price")
Spandana Sphoorty IPO scrapes through, thanks to institutional investors
The 9.8-million share offering received bids for only 10.3 million - 84 per cent of which came from qualified institutional buyers
 "Spandana Sphoorty IPO scrapes through, thanks to institutional investors")
Economic slowdown impact: Over 20 IPOs stare at SEBI approval lapses
Slowdown, volatile market loom over maiden offerings worth Rs 16,500 crore
Sterling and Wilson Solar IPO opens today: Should you subscribe to it?
SWSL is promoted by the Shapoorji Pallonji Group and is the demerged Solar EPC Division of Sterling and Wilson (SWPL).
 "Sterling and Wilson Solar IPO opens today: Should you subscribe to it?")
Sterling and Wilson Solar IPO: Business model, diverse operations key
Shapoorji Pallonji & Company holds a 66% stake in SWS while the rest is held by Khurshed Yazdi Daruvala
 "Sterling and Wilson Solar IPO: Business model, diverse operations key")
Affle India's IPO subscribed 87 times on final day of bidding
The 3.4-million share offering saw bids for 292 million shares
Sterling & Wilson, Spandana slash IPO size amid choppy market conditions
To hit the market next week, Sterling & Wilson and Spandana have cut their issue size by a third
Spandana Sphoorty MFI to launch initial public offering on August 5
The company proposes to utilise the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements
 "Spandana Sphoorty MFI to launch initial public offering on August 5")
Affle (India) IPO opens today: Five things to know before you invest
Key shareholders in Affle (India) include Microsoft Global Finance, a subsidiary of Microsoft Corp, which owns 6.23 per cent stake
 "Affle (India) IPO opens today: Five things to know before you invest")
Street signs: July-rebound theory fails, index funds get popular, and more
Most shares have declined in July amid sharp sell-off by foreign portfolio investors (FPIs) hurt by the increase in tax surcharge
 "Street signs: July-rebound theory fails, index funds get popular, and more")
Second phase of UPI mechanism for IPOs in place; Sebi provides banks list
The second phase of UPI as a payment mechanism commenced from July 1
 "Second phase of UPI mechanism for IPOs in place; Sebi provides banks list")
Polycab India, RVNL: 6 out of 7 IPOs listed in 2019 trade above issue price
These six companies are currently valued at Rs 6,272 crore, 19 per cent higher than the Rs 5,275 crore they collectively raised via IPOs
 "Polycab India, RVNL: 6 out of 7 IPOs listed in 2019 trade above issue price")
Suryoday Small Finance Bank plans up to Rs 1,000 crore IPO by next year
Ahead of this, the SFB will raise Rs 65 crore via increase in promoter shareholding from 27% currently, to 30% by this August
Fund raising via IPOs in first half of 2019 at four-year low
Analysts attribute the tepid H1CY19 to the overall market sentiment, especially the mid-and small-cap segment that underperformed the frontline benchmarks
Five of the six IPOs launched this year yielding returns of up to 21%
Market analysts said that price band of the offers as also the overall trend in market play key role in the success of isssue
Polycab India makes stellar debut, ends at 21% premium over issue price
The oversubscription for Polycab's IPO was also the highest since HDFC AMC's Rs 2,800-crore offering last year
 "Polycab India makes stellar debut, ends at 21% premium over issue price")