Page 20 - Latest Updates on IPO
If macro conditions hold, IPOs will top 2024's record tally: Sunil Khaitan
'Issuers and investors recognise the need for balanced pricing rather than short-term gains,' says managing director and head of India Financing Group at Goldman Sachs
 "If macro conditions hold, IPOs will top 2024's record tally: Sunil Khaitan")
Sebi bars Synoptics, promoters over IPO fund misuse, probes 20 SMEs
The market regulator also restricted merchant banker First Overseas Capital - the lead manager for Synoptics' IPO - from taking up any new assignments until further notice
 "Sebi bars Synoptics, promoters over IPO fund misuse, probes 20 SMEs")
Ather Energy IPO manages to scrape through; achieves 1.4x subscription
High net-worth individuals (HNIs) subscribed only 66 per cent, while retail and employee portions fared better at 1.78x and 5.4x, respectively
 "Ather Energy IPO manages to scrape through; achieves 1.4x subscription")
With IPO in sight, mattress maker Duroflex aims double-digit revenue growth
The company has identified institutions as a large vector of growth in the coming years. Institutions like colleges, hospitals, hotels etc currently make up a small fraction of the company's revenue
 "With IPO in sight, mattress maker Duroflex aims double-digit revenue growth")
Ather Energy's IPO subscribed 28%; last day of issue on Wednesday
The wealthy investor or high net worth individual portion was subscribed 27 per cent, the retail investor portion was subscribed 1.1 times
 "Ather Energy's IPO subscribed 28%; last day of issue on Wednesday")
KKR-backed InCred said to be in talks with advisers on $470 million IPO
InCred Financial plans to file documents soon for a share offering in Mumbai that might take place by October, the people said
 "KKR-backed InCred said to be in talks with advisers on $470 million IPO")
Kenrik Industries IPO opens today; check lot size, GMP, key dates, more
Shares of Kenrik Industries are expected to be listed on the BSE SME platform on Friday, May 09, 2025, according to the RHP
 "Kenrik Industries IPO opens today; check lot size, GMP, key dates, more")
Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes
The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares
 "Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes")
Canara Robeco Asset Management Company files draft papers for IPO with Sebi
The IPO is entirely an offer for sale (OFS) by state-owned Canara Bank and foreign partner Orix Corp (formerly Robeco Group)
 "Canara Robeco Asset Management Company files draft papers for IPO with Sebi")
India's Canara Robeco Asset Management Company files paper for IPO
Canara Bank will reduce its stake in the asset manager by 13% by selling 25.92 million shares via the listing. ORIX will sell 23.93 million shares
Tankup Engineers IPO day 2 update: Check subscription, GMP, listing date
Tankup Engineers aims to raise ₹19.53 crore through a fresh issue of 1.39 million equity shares
 "Tankup Engineers IPO day 2 update: Check subscription, GMP, listing date")
Ather Energy trims IPO size to Rs 2,626 crore from Rs 3,100 crore
Existing shareholders will offload 11.1 million shares, around half the 22 million shares they planned to sell earlier
 "Ather Energy trims IPO size to Rs 2,626 crore from Rs 3,100 crore")
Flipkart plans India IPO next year, targets up to $70 billion valuation
The Walmart-owned company has initiated steps to relocate its holding company from Singapore to India, a move intended to smooth the path for a domestic listing
 "Flipkart plans India IPO next year, targets up to $70 billion valuation")
IPO-bound Flipkart plans to shift holding company from Singapore to India
Speaking on the development, a Flipkart spokesperson on Monday night said the strategic decision reflects the company's deep and unwavering commitment to India and its remarkable growth
 "IPO-bound Flipkart plans to shift holding company from Singapore to India")
PhonePe's Pincode app starts 24x7 medicine delivery in three cities
Pincode app is transforming the online pharmacy sector through exclusive partnerships with local medical shops, rather than utilising dark stores
 "PhonePe's Pincode app starts 24x7 medicine delivery in three cities")
Ather Energy cuts IPO size by 25% to ₹3,000 crore, delays launch to May
Ather goes ahead with IPO despite global volatility and market slump triggered by Trump's tariff shock; valuation also revised downward
 "Ather Energy cuts IPO size by 25% to ₹3,000 crore, delays launch to May")
Sai Infinium files draft papers with Sebi to raise funds through IPO
The Gujarat-based company's IPO is entirely a fresh issue of 1.96 crore equity shares with no offer-for sale (OFS) component, according to the draft papers filed on Wednesday
 "Sai Infinium files draft papers with Sebi to raise funds through IPO")
SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares
Proceeds from the fresh issue to the tune of ₹37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle
 "SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares")
Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer
The company may also consider a pre-IPO placement of up to ₹192 crore
 "Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer")
Desco Infratech IPO opens today; check price band, lot size, GMP, key dates
Desco Infratech intends to raise ₹30.75 crore at the upper price band through this issue.
 "Desco Infratech IPO opens today; check price band, lot size, GMP, key dates")