Page 26 - Latest Updates on IPO
Hyundai Motor India IPO allotment: Check status; GMP shows weak listing
Hyundai Motor IPO Allotment: Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960
 "Hyundai Motor India IPO allotment: Check status; GMP shows weak listing")
Share Market Today: Bajaj Auto Q2 nos, Oil falls, Hyundai Motor IPO Day 2
At 6:30 AM, GIFT Nifty Futures were trading about 49 points lower at 25,069, suggesting a negative start for Indian markets.
 "Share Market Today: Bajaj Auto Q2 nos, Oil falls, Hyundai Motor IPO Day 2")
Hyundai IPO subscribed 18% on Day 1; LIC MF reduces minimum SIP limits
Shares of Garuda Construction and Engineering ended with a 12.5 per cent gain on Tuesday
 "Hyundai IPO subscribed 18% on Day 1; LIC MF reduces minimum SIP limits")
IPO-bound Hyundai Motor India raises Rs 8,315 cr from anchor investors
42.4 mn shares allotted to 225 funds at Rs 1,960 apiece
 "IPO-bound Hyundai Motor India raises Rs 8,315 cr from anchor investors")
IPO-bound OYO rejigs top leadership; COO shifted to advisory role
OYO's Global COO and Chief Product Officer Abhinav Sinha to be in an advisory role from January 2025, the company said
 "IPO-bound OYO rejigs top leadership; COO shifted to advisory role")
Bank stocks climb 1% making it best performing sector; Hyundai IPO in focus
The excitement around India's largest IPO is being dampened by evident weakness in demand for cars in India as well globally
 "Bank stocks climb 1% making it best performing sector; Hyundai IPO in focus")
Swiggy's $271 mn Esop plan benefits top brass before $1.25 bn IPO launch
The Esop grants have a vesting period ranging from one to eight years, meaning that the actual value of the stock awards will depend on Swiggy's performance post-IPO
 "Swiggy's $271 mn Esop plan benefits top brass before $1.25 bn IPO launch")
Partners Group-backed KinderCare prices US IPO in range to raise $576 mn
Oregon-based KinderCare, one of the largest providers of early childhood education centers in the US, operates more than 1,500 centers with a capacity of more than 200,000 children
 "Partners Group-backed KinderCare prices US IPO in range to raise $576 mn")
NSDL gets Sebi nod for IPO over a year after filing offer document
At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake
 "NSDL gets Sebi nod for IPO over a year after filing offer document")
Suraksha Diagnostic gets Sebi's go ahead to raise funds through IPO
As per the draft papers, the company will not receive any proceeds and all the funds will go to the selling shareholders as the issue is completely an OFS.
 "Suraksha Diagnostic gets Sebi's go ahead to raise funds through IPO")
IPO-bound food delivery app Swiggy launches XL EV fleet for bulk orders
Swiggy's new XL fleet includes 20 specially designed electric vehicles that cater to large orders
 "IPO-bound food delivery app Swiggy launches XL EV fleet for bulk orders")
Afcons Infrastructure likely to opt for Rs 4,000 cr pre-IPO placement
Pre-IPO placements occur after filing the offer document. The amount raised through this route results in a reduction of the IPO size to that extent
 "Afcons Infrastructure likely to opt for Rs 4,000 cr pre-IPO placement")
Vishal Mega Mart, ACME Solar Holdings get Sebi's go ahead to float IPOs
Gujarat-based Mamata Machinery's initial share sale is entirely an OFS of 73.82 lakh equity shares by promoters, DRHP showed
822 IPOs globally aimed to raise $65bn till August; India tops APAC tally
Investors, the report suggests, are shifting towards larger, more valuable IPOs at the global level despite the reduced number of listings thus far in 2024
 "822 IPOs globally aimed to raise $65bn till August; India tops APAC tally")
SME IPO bet, aerial arts: Top personal finance stories of the week
What risks investors face when they back small and medium enterprises and how aerial art is becoming a popular fitness culture
 "SME IPO bet, aerial arts: Top personal finance stories of the week")
Swiggy files for IPO, aims to raise Rs 3,750 crore through fresh issue
Sources, however, added that the company may decide to upsize the fresh issue component by another Rs 5,000 crore, taking the total fresh issue component up to Rs 11,600 crore
 "Swiggy files for IPO, aims to raise Rs 3,750 crore through fresh issue")
Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore
Swiggy's long-awaited public listing comes amid a booming IPO market, with 198 companies having raised $7.1 billion in the year to Sept.4, more than double the amount for the same period last year
 "Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore")
Bourses call for better checks by merchant bankers on IPO-bound SMEs
Over 80 merchant bankers apprised about discrepancies, lack of background checks on firms
 "Bourses call for better checks by merchant bankers on IPO-bound SMEs")
Wow Momo plans to go public in 2 years, takes cues from Domino's for IPO
India's $5 billion fast-food sector has seen significant growth, driven by rising demand among low- and middle-income families
 "Wow Momo plans to go public in 2 years, takes cues from Domino's for IPO")
Rahul Dravid, Zaheer Khan, Karan Johar invest in Swiggy ahead of IPO launch
Swiggy previously secured investments from Bollywood stars like Madhuri Dixit and Amitabh Bachchan, along with entrepreneur Ritesh Malik, during its pre-IPO funding rounds