Page 112 - Latest Updates on IPO
Street signs: HNIs bet on Polycab IPO; Abakkus fund's success, and more
During the 2014 general election, the primary market had seen a lull with only one IPO between April 2014 and July 2014
 "Street signs: HNIs bet on Polycab IPO; Abakkus fund's success, and more")
Polycab India IPO subscribed 71% on opening day
The IPO comprises second share sale worth Rs 945 crore
 "Polycab India IPO subscribed 71% on opening day")
Rs 1,200-crore Metropolis Healthcare IPO subscribed 6 times
The price band for the IPO is Rs 877-880 per share
 "Rs 1,200-crore Metropolis Healthcare IPO subscribed 6 times")
Sebi extends phase 1 deadline of UPI for retail IPO investors till June 30
The timeline for implementing phase 2 and phase 3 shall remain unchanged from the date of completion of phase 1
Metropolis IPO garners 9% subscription on Day 1
A day earlier, the diagnostics company had allotted shares worth Rs 530 crore to two dozen anchor investors at Rs 880 apiece
US radio company iHeartMedia tunes into IPO as it nears bankruptcy exit
iHeartMedia did not disclose the size of share offering or set a price range
 "US radio company iHeartMedia tunes into IPO as it nears bankruptcy exit")
Rail Vikas Nigam's Rs 477-crore IPO subscribed 8% on first day of bidding
At the top end, Rail Vikas will be valued at Rs 3,962 crore
MSTC extends IPO till March 20, price range revised to Rs 120-128 per share
MSTC had earlier priced the IPO between Rs 121 and Rs 128 per share
Sebi's move to allow UPI route for IPO payments faces teething problems
The proposed process aims to increase efficiency, eliminate the need for manual intervention, and reduce the duration from issue closure to listing by up to three working days
 "Sebi's move to allow UPI route for IPO payments faces teething problems")
Asia to dominate global stock markets, IPO over the next 10 years
In terms of dollar value, emerging markets would add more than $17 trillion in growth, compared with $14 trillion in developed markets
 "Asia to dominate global stock markets, IPO over the next 10 years")
DIIs race ahead of foreign peers as anchors in initial public offerings
DIIs contributed nearly 51 per cent of the Rs 7,837 crore of anchor money invested in IPOs last year, data from PRIME Database shows
A fifth of recently listed SMEs see sharp fall in revenue growth after IPO
Data analysed from Capitaline shows that of the 97 SMEs that got listed on the SME platform in 2017, around a dozen companies' net sales fell in the range of 11-93% in FY18
 "A fifth of recently listed SMEs see sharp fall in revenue growth after IPO")
IPO launches fell in last two pre-election periods, will 2019 be different?
I-bankers say the uncertain market environment is not conducive for raising capital
 "IPO launches fell in last two pre-election periods, will 2019 be different?")
Antony Waste Handling Cell files for IPO worth Rs 435-million with Sebi
Proceeds of the issue will be utilised towards reduction of the aggregate outstanding borrowings of the company on a consolidated basis, and for general corporate purposes
Govt planning IPOs for two rail PSUs by March-end to meet divestment target
The government is likely to divest 10% each in RVNL and IRFC
 "Govt planning IPOs for two rail PSUs by March-end to meet divestment target")
Uniparts India files draft IPO papers with markets regulator Sebi
Axis Capital, Motilal Oswal Investment Advisors and SBI Capital Markets will manage the company's public issue
 "Uniparts India files draft IPO papers with markets regulator Sebi")
IPOs of small and medium enterprises see a record run so far this year
133 SME offerings mobilised Rs 22 bn so far this year
Streamcast eyes London IPO, JPMorgan, HSBC Holdings poised for role
Discussions about an IPO are at an early stage and Streamcast
Aavas Financiers to Garden Reach, volatility spike takes a toll on IPOs
Aavas's Rs 17.3-bn IPO fails to garner full subscription a day after PSU firm Garden Reach extends closing date
 "Aavas Financiers to Garden Reach, volatility spike takes a toll on IPOs")
Garden Reach Shipbuilders & Engineers' Rs 3.4 bn IPO to open on Sept 24
Retail investors applying in the IPO will be offered a discount of Rs 5 per share