Page 25 - Latest Updates on IPO
Swiggy IPO subscribed 12% on day one; individual investors bid most
Swiggy has already allotted shares worth Rs 5,085 crore to anchor investors, drawn from the QIB quota
 "Swiggy IPO subscribed 12% on day one; individual investors bid most")
Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025
Reliance Retail could be valued between $125 bn and $150 bn at the time of IPO
 "Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025")
Apollo Green Energy prepares for IPO, eyes Rs 10,000 cr portfolio by 2025
Apollo International's renewable energy arm in the EPC sector looks to build its Rs 3,500 crore portfolio before going public in 2025
 "Apollo Green Energy prepares for IPO, eyes Rs 10,000 cr portfolio by 2025")
Apollo Green to launch IPO in 2025; to build Rs 10K cr project portfolio
Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of solar installations
 "Apollo Green to launch IPO in 2025; to build Rs 10K cr project portfolio")
Niva Bupa sets a price band of Rs 70-74 for its Rs 2,200 crore IPO
The IPO is a mix of a fresh issue of up to Rs 800 crore and an offer for sale (OFS) of up to Rs 1,400 crore by Bupa Singapore Holdings Pte Ltd and Fettle Tone LLP
 "Niva Bupa sets a price band of Rs 70-74 for its Rs 2,200 crore IPO")
Street Signs: IPO pulse weakens, TBO Tek's lock-up expiry, and more
The last released net SIP data for July stood at Rs 8,964 crore, with gross inflows reaching Rs 23,332 cr
 "Street Signs: IPO pulse weakens, TBO Tek's lock-up expiry, and more")
HDB Financial Services files draft papers for Rs 12,500 crore IPO
The lender plans to use the proceeds from the IPO to enhance its Tier-I capital base and meet future capital requirements, including those for onward lending
 "HDB Financial Services files draft papers for Rs 12,500 crore IPO")
Swiggy IPO gets bids of $15 bn from big investors like Norges, Fidelity
Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35 billion IPO that will be country's second-biggest stock offering this year
 "Swiggy IPO gets bids of $15 bn from big investors like Norges, Fidelity")
Firms get second shot at IPO jackpot as buoyant markets offer a lifeline
So far in 2024, 68 firms have raised over Rs 1 trillion through IPOs. This is only the second time after 2021 that IPO mop-up is crossing Rs 1 trillion
 "Firms get second shot at IPO jackpot as buoyant markets offer a lifeline")
NTPC Green Energy's Rs 10,000 crore IPO likely to unlock value for parent
NTPC is targeting 60 Gw of renewable energy (RE) capacity by FY32 through NGEL
 "NTPC Green Energy's Rs 10,000 crore IPO likely to unlock value for parent")
Waaree's Hitesh Doshi: The tycoon who began with $60 and is now worth $5 bn
With the listing of the group's solar cell manufacturing arm Waaree Energies Ltd. on Monday in Mumbai, Doshi and his family have joined the ranks of the world's richest people
 "Waaree's Hitesh Doshi: The tycoon who began with $60 and is now worth $5 bn")
A mixed bag for new listings: Waaree Energies up 56%, Deepak Builders dips
Waare's IPO consisted of fresh fundraise of Rs 3,600 crore and an offer for sale of Rs 721 crore. The stock is priced at 53 times its financial year 2024 (FY24) earnings of Rs 1,274 crore
 "A mixed bag for new listings: Waaree Energies up 56%, Deepak Builders dips")
National Stock Exchange's IPO hinges on approval from Sebi, says CEO
The National Stock Exchange of India Ltd., whose initial public offering has faced delays since it initial filing in 2016, needs approval from the Sebi to reapply
 "National Stock Exchange's IPO hinges on approval from Sebi, says CEO")
Hyundai Motor India gets flood of bullish calls amid its weak debut
The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers
 "Hyundai Motor India gets flood of bullish calls amid its weak debut")
Investors subscribe Deepak Builders IPO 12 times offer size on day 2
The Rs 260 crore initial share sale received bids for 10,75,78,932 shares against 89,67,061 shares on offer, according to data available with the NSE
 "Investors subscribe Deepak Builders IPO 12 times offer size on day 2")
Reaching milestone: IPO market roars past Rs 1 trillion mark in 2024
Ample domestic liquidity and encouraging post-listing performance have driven this year's IPO success
 "Reaching milestone: IPO market roars past Rs 1 trillion mark in 2024")
Hyundai Motor India drops 7% in market debut after country's biggest IPO
HMIL's IPO had seen strong response from sovereign wealth funds and domestic mutual funds, but retail and wealthy investors sidestepped the issue amid a selloff in auto stocks and overall markets
 "Hyundai Motor India drops 7% in market debut after country's biggest IPO")
Waaree Energies IPO subscribed 3.3x on day 1; Groww FY24 topline doubles
The Rs 5,430-crore IPO of Afcons Infrastructure, a Shapoorji Pallonji group firm, will open for subscription on Friday
 "Waaree Energies IPO subscribed 3.3x on day 1; Groww FY24 topline doubles")
Striking gold: I-bankers earn record Rs 493 cr from Hyundai Motor India IPO
Fees from handling equity share sales hit Rs 3K cr in 2024
 "Striking gold: I-bankers earn record Rs 493 cr from Hyundai Motor India IPO")
Early-stage VC firm 8i Ventures scores 12X return on M2P Fintech exit
The fintech startup's evolution from a card-issuing platform to a broader banking-as-a-service (BaaS) provider helped drive the returns
 "Early-stage VC firm 8i Ventures scores 12X return on M2P Fintech exit")