Page 115 - Latest Updates on IPO
Snap prices its IPO at $3.4 billion; oversubscribed more than ten-times
Snap priced 200 mn shares on Wednesday at $17 each, above its expected range of $14 to $16 dollars
 "Snap prices its IPO at $3.4 billion; oversubscribed more than ten-times")
Radio City FM operator's Rs 400-cr IPO to open on March 6
Radio City, has a pan-India presence with radio stations in 37 cities
 "Radio City FM operator's Rs 400-cr IPO to open on March 6")
Kolkata-based Bharat Road Network Plan Rs 1,200 crore IPO
It is a road BOT company, focused on development, implementation of roads and highways projects
 "Kolkata-based Bharat Road Network Plan Rs 1,200 crore IPO")
Budget 2017: IPO aspirants look for clarity on capital gains tax
Budget proposes long-term capital gains tax on share sales on which STT is not paid post-2004
UTI MF to initiate selection of bankers for IPO
AMC has already conducted a study to gauge whether the IPO can be executed successfully or not
In last two months, approvals for IPOs worth Rs 2,500 cr lapsed
Disagreement on valuations, poor financial performance, uncertainty in market are possible reasons
Funds find IPO waves too small to surf on
Deploy only 2.5% of their assets in companies listed since 2014
 "Funds find IPO waves too small to surf on")
G R Infraprojects, Shankara Building get Sebi's nod for IPO
IDFC Bank, Equirus Capital HDFC Bank co-manager are the merchant bankers of the issue
Text book publisher S Chand files papers for IPO
Proceeds from the issue would be utilised for repayment and prepayment of loans
Market volatility might upset IPO, govt divestment
The benchmark BSE Sensex has slid about 5% since Nov 8, following the Trump win in America and demonetisation of high-value currency
 "Market volatility might upset IPO, govt divestment")
Decks cleared for UTI AMC IPO
Fund house gets in-principal govt nod; Offer document likely to be filed early-2017; May fetch valuation of $1 billion
 "Decks cleared for UTI AMC IPO")
I-banking fee pool down 40%
Despite record-breaking action in IPO market, overall equity raising activity has slowed
 "I-banking fee pool down 40%")
Indian IPO market heads for mega year; 50 companies raise $2.93 billion in 2016
The report says 16 companies are in the pipeline to be listed domestically in 2017, raising $5.86 billion
Endurance Tech's IPO subscribed 43 times
Good demand from institutions, HNIs
 "Endurance Tech's IPO subscribed 43 times")
Continental Warehousing Corp files IPO papers with Sebi
Proceeds of the fresh issue will be used to retire debt, purchase of equipment and construction of warehouses at Ahmedabad and Panipat
Security and Intelligence Services files IPO papers with Sebi
To raise an estimated Rs 500 crore through an initial public offering
Regulator puts IPO clearance on fast track
Several issues this year have obtained approval in less than 2 months
 "Regulator puts IPO clearance on fast track")
Regulator might reduce IPO-listing gap to four days
Issue likely to be taken up at meeting today
 "Regulator might reduce IPO-listing gap to four days")
IPO fundraising hits six-year high
Maximum since 2010; third time that public offerings have mopped up Rs 20,000 cr in a single year
 "IPO fundraising hits six-year high")
ICICI Pru's IPO subscribed nearly 2 times
The IPO is being offered in a price band of Rs 300-334 per share
 "ICICI Pru's IPO subscribed nearly 2 times")