Page 26 - Latest Updates on IPO
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")
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
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 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")