Page 15 - Latest Updates on IPO
Netherlands-based firm Prosus sees IPO upside in India as portfolio matures
With $6.5 billion in Indian assets, the Dutch firm eyes near-term returns from listings, including Urban Company and BlueStone, amid sustained tech investment
 "Netherlands-based firm Prosus sees IPO upside in India as portfolio matures")
HDB Financial IPO subscribed 37% on Day 1; HNIs, staff lead bids
HDB Financial's Rs 12,500 crore IPO opened with 37 per cent subscription on Day 1, led by HNIs and employees, while retail and institutional categories lagged
 "HDB Financial IPO subscribed 37% on Day 1; HNIs, staff lead bids")
NSE to settle colocation case with Sebi for ₹1,388 cr; clears IPO path
The NSE has agreed to pay ₹1,388 crore to settle the colocation case with Sebi, resolving a major regulatory overhang and paving the way for its long-pending public listing
 "NSE to settle colocation case with Sebi for ₹1,388 cr; clears IPO path")
Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding
The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE
 "Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding")
HDB Financial Services IPO sees 37% subscription on first day of bidding
The ₹12,500-crore initial public offering (IPO) will conclude on June 27. The price band for the offer has been fixed at ₹700-740 per share
 "HDB Financial Services IPO sees 37% subscription on first day of bidding")
HDB Financial Services raises ₹3,369 crore through anchor allotment
The prominent institutional investors who participated in the anchor allotment included Life Insurance Corporation, ICICI Prudential Mutual Fund, Nippon Life, and Goldman Sachs Funds, among others
 "HDB Financial Services raises ₹3,369 crore through anchor allotment")
Sambhv Steel raises ₹161 crore from anchor investors ahead of IPO launch
According to a circular uploaded on BSE's website, Sambhv Steel allocated over 1.96 crore equity shares to 19 entities at ₹82 per equity share, which is the upper end of the IPO price band
Globe Civil Projects IPO gets fully subscribed on day 1 of bidding
The ₹119-crore IPO received bids for 8,16,76,623 shares against 1,17,32,392 shares on offer, as per NSE data
 "Globe Civil Projects IPO gets fully subscribed on day 1 of bidding")
Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025
The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal
 "Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025")
Ellenbarrie Industrial raises ₹256 crore from anchors investors before IPO
The ₹852-crore initial public offering (IPO) will open for public subscription on June 24 and conclude on June 26. The price band has been set at Rs 380-400 per share for the issue
PhonePe eyes $1.5 billion IPO, draft papers likely by early August
Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley have been enlisted to manage PhonePe's IPO
 "PhonePe eyes $1.5 billion IPO, draft papers likely by early August")
Oswal Pumps share slips 7%, falls below IPO price after lacklustre debut
Shares of Oswal Pumps slipped 7 per cent to ₹580, falling below its issue price ₹614 on the BSE in Monday's intra-day trade.
 "Oswal Pumps share slips 7%, falls below IPO price after lacklustre debut")
Decision on merger with Biocon Biologics soon, says Siddharth Mittal
We are talking about the GLP-1 opportunity and our strong franchise in insulins. There is a huge demand in the global diabetes-obesity segment, said Siddharth Mittal
 "Decision on merger with Biocon Biologics soon, says Siddharth Mittal")
Street Signs: Nifty's new conquest, SME bankers under regulatory scalpel
The Nifty 50 index broke new ground, closing "decisively" above the 25,000 mark for the first time since September 2024
 "Street Signs: Nifty's new conquest, SME bankers under regulatory scalpel")
Arisinfra Solutions subscribed 2.6x; Sambhv Steel prices IPO at ₹77-₹82
Sambhv Steel IPO is a mix of fresh issue of equity shares valued at ₹440 crore and an offer for sale of shares worth ₹100 crore by promoters
 "Arisinfra Solutions subscribed 2.6x; Sambhv Steel prices IPO at ₹77-₹82")
Ellenbarrie sets IPO price at ₹380-400; Arisinfra subscribed 1.3x on Day 2
The Rs 852-crore IPO is a mix of fresh issue worth Rs 400 crore and an offer for sale of Rs 452 crore
 "Ellenbarrie sets IPO price at ₹380-400; Arisinfra subscribed 1.3x on Day 2")
Reverse-flipping and startup IPOs get boost as Sebi relaxes norms
Sebi allows ESOP, convertible security holding at DRHP stage, relaxes PSU delisting, FPI norms; proposes fee transparency, simplifies documents for investors
 "Reverse-flipping and startup IPOs get boost as Sebi relaxes norms")
Urban Company swings to profit ahead of planned IPO as revenue jumps 38%
Home services platform posts ₹240 crore profit in FY25, driven by tax credit and strong user retention
 "Urban Company swings to profit ahead of planned IPO as revenue jumps 38%")
Arisinfra Solutions' IPO receives 24% subscription on day 1 of offer
The retail investor segment was subscribed 1.04 times on the first day, while non-institutional investor participation stood at 19 per cent of the allocated quota
 "Arisinfra Solutions' IPO receives 24% subscription on day 1 of offer")
Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors
The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component
 "Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors")