Page 116 - Latest Updates on IPO
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
 "In last two months, approvals for IPOs worth Rs 2,500 cr lapsed")
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
 "Text book publisher S Chand files papers for IPO")
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")
Three IPOs to hit markets in Sept to raise Rs 7,000 cr
Bidding for shares in L&T Technology will open tomorrow, while the same for GNA Axles would begin on Sept 14 and of ICICI Prudential Life on Sept 19
 "Three IPOs to hit markets in Sept to raise Rs 7,000 cr")
BSE files draft prospectus for public offer
29.95 mn shares, or 27.43% stake, in the exchange will be sold
 "BSE files draft prospectus for public offer")
HNI demand for IPO loans sees surge
Robust appetite from rich investors has driven down financing costs to as low as 5%
 "HNI demand for IPO loans sees surge")
NSE selects four ibanks for IPO
Citi, JM, Kotak, Morgan Stanley selected as joint global co-ordinators
IPO windfall for RBL Bank staff
Employees likely to net around Rs 1,400 cr from ESOPs
 "IPO windfall for RBL Bank staff")