Page 16 - Latest Updates on IPO
Oswal Pumps IPO subscribed 34 times; QIBs bid 88 times the quota
The ₹1,387-crore IPO saw strong interest from institutional and HNI investors, with proceeds earmarked for expansion, subsidiary investment, and debt repayment
 "Oswal Pumps IPO subscribed 34 times; QIBs bid 88 times the quota")
Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks
The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors
 "Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks")
Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore
The issue will open for subscription on June 24 and will close on June 26, the company said in a statement
 "Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore")
StarBigBloc Building gets shareholders' approval to raise funds via IPO
Incorporated in 2015, BigBloc Construction is one of the largest and only listed AAC block manufacturers in India, with a 1.3 million cubic meters annual capacity across plants
 "StarBigBloc Building gets shareholders' approval to raise funds via IPO")
Cordelia Cruise owner files DRHP, NSEIX inks MoU with CSE, and more
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement to invest $60 million in Motilal Oswal Alternates' India Business Excellence Fund V G
 "Cordelia Cruise owner files DRHP, NSEIX inks MoU with CSE, and more")
PLI auto scheme for e2Ws needs to be revisited: Ather Energy cofounder
PLI should've been directed at startups - the real pushers of innovation, Tarun Mehta said
 "PLI auto scheme for e2Ws needs to be revisited: Ather Energy cofounder")
Fidelity marks up Lenskart to $6.1 bn ahead of planned $10 bn IPO
Fidelity raises Lenskart's valuation to $6.1 billion as the eyewear startup prepares to go public with a $1 billion raise and a target valuation of $10 billion
 "Fidelity marks up Lenskart to $6.1 bn ahead of planned $10 bn IPO")
IPO-bound Allchem in legal tussle with Alkem over trademark infringement
IPO-bound Allchem Lifesciences adds legal dispute with Alkem to DRHP as Delhi HC directs both firms to mediation and next hearing is scheduled for 9 July
 "IPO-bound Allchem in legal tussle with Alkem over trademark infringement")
Aten Papers & Foam IPO Day 1: Check subscription, GMP, listing date, more
Aten Papers & Foam IPO is a book building of ₹31.68 crore. The issue is entirely a fresh issue of 3.3 million shares.
 "Aten Papers & Foam IPO Day 1: Check subscription, GMP, listing date, more")
ArisInfra Solutions Ltd sets IPO price band at Rs 210-222 per share
The initial share sale will open for a public subscription on June 18 and conclude on June 20, the company announced
 "ArisInfra Solutions Ltd sets IPO price band at Rs 210-222 per share")
JSW Cement begins roadshow ahead of next month's planned Mumbai IPO
JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week
 "JSW Cement begins roadshow ahead of next month's planned Mumbai IPO")
Indian depository NSDL plans IPO for July, expects to raise $400 million
The listing of NSDL, the country's largest depositary in terms of assets under custody, is being managed by ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc and IDBI Capital
 "Indian depository NSDL plans IPO for July, expects to raise $400 million")
Oswal Pumps prices its IPO in ₹584-₹614 range; opens on June 13
The ₹1,387-crore IPO includes a ₹890-crore fresh issue and ₹497-crore OFS, with funds earmarked for new plants, debt repayment, and Oswal Solar investment
 "Oswal Pumps prices its IPO in ₹584-₹614 range; opens on June 13")
Indian realty companies building up over Rs 15,000 crore IPO pipeline
Robust housing sales growth after the pandemic has prompted leading developers to unleash relevant inventory across markets, experts said
 "Indian realty companies building up over Rs 15,000 crore IPO pipeline")
Kent RO, 3 others get Sebi nod for IPOs: Here's all you need to know
Upcoming IPOs: These companies are collectively expected to raise around ₹2,500 crore through their public issues
 "Kent RO, 3 others get Sebi nod for IPOs: Here's all you need to know")
Karamtara Engineering gets Sebi nod for ₹1,750 cr IPO; check key details
Karamtara Engineering plans to raise ₹1,750 crore through a combination of fresh issue and offer for sale
 "Karamtara Engineering gets Sebi nod for ₹1,750 cr IPO; check key details")
TReDS platform M1xchange eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25
M1xchange, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 trillion
Sebi relaxes stance on the IPOs of companies with high public float
Sebi has clarified that large public shareholding alone does not violate listing norms, paving the way for IPOs from firms like HDB Financial, Hero FinCorp, and Vikram Solar
 "Sebi relaxes stance on the IPOs of companies with high public float")
Scoda Tubes shares make flat D-Street debut, list at ₹140 on BSE
The listing price of Scoda Tubes was significantly below grey market estimates of ₹160
 "Scoda Tubes shares make flat D-Street debut, list at ₹140 on BSE")
Lalit Suri Hospitality Group eyes IPO after 2026 amid expansion plans
Co looking at Management Contracts and Religious Tourism
 "Lalit Suri Hospitality Group eyes IPO after 2026 amid expansion plans")