Page 116 - Latest Updates on IPO
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
 "NSE selects four ibanks for IPO")
IPO windfall for RBL Bank staff
Employees likely to net around Rs 1,400 cr from ESOPs
 "IPO windfall for RBL Bank staff")
Fundraising via IPOs tops Rs 10,000 cr
The amount raised by the 16 companies so far during the current year has seen over 100% jump as compared to the same period in 2015
 "Fundraising via IPOs tops Rs 10,000 cr")
Advanced Enzyme soars 30% on debut
The stock ended at Rs 1,172 a share, up Rs 276 on the NSE compared to its issue price of Rs 896 apiece
Two IPOs to hit mkts this week; target to mop up Rs 1,100-cr
Since the beginning of 2016, as many as 14 IPOs have already hit the capital markets
 "Two IPOs to hit mkts this week; target to mop up Rs 1,100-cr")
Sleepwell parent Sheela Foam files Rs 510-cr IPO papers
Sheela Foam is looking at a valuation of $400-500 mn; will dilute 15% stake in offer for sale
Funds anchor IPOs, then sail off after debuts
Anchor investors cannot sell their shares for 30 days from the date of allotment, while IPO investors can sell them on listing day
 "Funds anchor IPOs, then sail off after debuts")
BSE starts process to accept shares for IPO
Shareholders invited to deposit all or part of their holding in demat form in escrow account by Aug 22
Robust listings whet retail appetite in IPOs
In 2016, six of the twelve issues that hit the market have seen retail investors bidding for more than three times the shares on offer
Over 60% newly-listed cos stay above IPO price; Ujjivan shines
The share of Ujjivan Financial Services, which made its stock market debut in May, is trading about two times higher than IPO price
IPO market in fast lane, companies mop up Rs 7,775 cr in Jan-Jun
The period has seen more than half of the 11 newly-listed stocks trading at a higher premium over the issue price
Intex, third-largest smartphone maker, planning to go public
It garners about 15% revenue from its consumer durables business
 "Intex, third-largest smartphone maker, planning to go public")
Quess Corp's Rs 400-cr IPO to kick off tomorrow
The firm, promoted by Ajit Isaac and Thomas Cook (India), has fixed a price band of Rs 310-317 a share with Rs 10 face value
Foreign i-bankers latch onto large IPOs
Four of the six bankers shortlisted for the Rs 16,000-crore Vodafone IPO - Bank of America Merrill Lynch, UBS, Deutsche Bank and HSBC - are foreign names
 "Foreign i-bankers latch onto large IPOs")
IPOs worth Rs 6,000 cr set to hit market in next two months
RBL Bank, Mahanagar Gas, GVR Infra Projects, Larsen and Toubro Infotech are some of the firms going public
BSE IPO: Fewer i-bankers likely now than in 2012
Sources said number to be less than 10, compared with 14 in 2012
 "BSE IPO: Fewer i-bankers likely now than in 2012")