Page 17 - Latest Updates on IPO
With an eye on IPO, 5 startups in process of reverse-flipping: Bay Capital
Metrics such as customer acquisition cost (CAC), lifetime value (LTV) and retention rates are now well understood, making it easier for startups to communicate their value propositions
 "With an eye on IPO, 5 startups in process of reverse-flipping: Bay Capital")
Aegis Vopak Terminals shares make muted D-Street debut, list at 6% discount
Aegis Vopak Terminals shares listed at ₹220 on the BSE, against the issue price of ₹235
 "Aegis Vopak Terminals shares make muted D-Street debut, list at 6% discount")
BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares
The IPO will be a pure offer for sale (OFS) with no issuance of new shares. CIL plans to offload up to 465.7 million equity shares through the offering
 "BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares")
Prostarm Info Systems IPO subscribed 97x; Scoda Tubes offer booked 8.11x
The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer Scoda Tubes fetched 8.11 times subscription on the second day of bidding on Thursday
 "Prostarm Info Systems IPO subscribed 97x; Scoda Tubes offer booked 8.11x")
Fintech firm Razorpay completes reverse flip from US to India ahead of IPO
Fintech firm Razorpay has moved its parent company's domicile from the US to India as it gears up for an IPO, joining the growing trend of Indian startups relocating home
 "Fintech firm Razorpay completes reverse flip from US to India ahead of IPO")
Unified Data-Tech shares make positive D-Street debut, list at 4% premium
Unified Data-Tech shares listed at ₹285 on the BSE SME platform, against the issue price of ₹273
 "Unified Data-Tech shares make positive D-Street debut, list at 4% premium")
Anchor lock-in expiry to unlock ₹21 billion worth shares by September 2025
The counters of Ajax Engineering, Dr Agarwal's Health Care, Ather Energy, and Hexaware Technologies will be among the major companies in the main board space to see their lock-in periods expire
 "Anchor lock-in expiry to unlock ₹21 billion worth shares by September 2025")
IPO-bound ed-tech firm Imarticus Learning acquires MyCaptain in ₹50 cr deal
Prior to MyCaptain, in April 2023, Imarticus Learning acquired Hero Mindmine, the training arm of Hero Group
 "IPO-bound ed-tech firm Imarticus Learning acquires MyCaptain in ₹50 cr deal")
Prostarm Info Systems IPO receives 12.65x subscription on day-2 of offer
The initial public offering (IPO) received bids for 14,16,94,842 shares, as against 1,12,00,000 shares on offer, as per NSE data
 "Prostarm Info Systems IPO receives 12.65x subscription on day-2 of offer")
Blue Water Logistics IPO Day 2: Check subscription, GMP, and other details
Blue Water Logistics IPO subscribed 1.88 times. The issue received 1,285 applications from retail investors for 12,85,000 shares
 "Blue Water Logistics IPO Day 2: Check subscription, GMP, and other details")
Hero FinCorp receives Sebi's go-ahead to float Rs 3,668 crore IPO
Going by the draft papers, proceeds from the fresh issue will be used to increase the company's capital to meet future funding needs for lending activities
NSE valuation nears ₹6 trillion in unlisted market on IPO speculation
Sebi's circular issued on Monday has asked exchanges to submit their proposals before June 15
HDB Financial Services likely to get Sebi nod for $1.5 billion IPO
The Securities and Exchange Board of India's approval is set to be made public in the coming weeks, the people said, asking not to be named discussing a private matter
Ahead of IPO, Scoda Tubes raises Rs 66 crore from anchor investor
As per the circular, Scoda Tubes allotted 47,14,200 equity shares to these anchor investors at Rs 140 a piece, which is also the upper end of the price band
Fleetx raises ₹113 crore in Series C, aims for profitability and IPO
Fleetx will use the fresh capital to enhance product capabilities, double ARR, expand enterprise sales, and move towards profitability and IPO readiness within a year
 "Fleetx raises ₹113 crore in Series C, aims for profitability and IPO")
Coal India files draft papers for CMPDIL IPO to offload 7.14 crore shares
This move follows Coal India's announcement that draft papers for both CMPDIL and BCCL would be filed soon; only CMPDIL's IPO is in motion for now
 "Coal India files draft papers for CMPDIL IPO to offload 7.14 crore shares")
Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size
The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year
 "Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size")
Fusion CX files IPO papers with Sebi; seeks to raise Rs 1,000 crore
Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries
 "Fusion CX files IPO papers with Sebi; seeks to raise Rs 1,000 crore")
CIEL HR posts 35% profit growth, expands HR tech ahead of planned IPO
IPO-bound CIEL HR reports ₹14.67 crore net profit and ₹1,504.5 crore revenue in FY25, driven by tech-enabled HR solutions and two strategic acquisitions
OYO restarts IPO talks, eyes Q4 listing at $6-7 billion valuation
The company started informal discussions last month and is now calling for pitches, according to a person familiar with the development
 "OYO restarts IPO talks, eyes Q4 listing at $6-7 billion valuation")