Page 30 - Latest Updates on IPO
IPO-bound OYO reports first ever net profit of Rs 229 crore in FY24
OYO's adjusted Ebitda grew by 215 per cent to reach nearly Rs 877 crore in FY24, up from about Rs 277 crore in FY23, the travel tech platform reported in its annual report
 "IPO-bound OYO reports first ever net profit of Rs 229 crore in FY24")
Ola Electric's impressive stock market debut putting Modinomics to test
The Bengaluru-based startup is being closely watched as a proxy for the country's factory ambitions
 "Ola Electric's impressive stock market debut putting Modinomics to test")
Interarch Building Products Ltd to open Rs 600-cr IPO on August 19
The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 4.447 mn shares valued at Rs 400 crore, at the upper end of the price band
 "Interarch Building Products Ltd to open Rs 600-cr IPO on August 19")
Inventurus Knowledge Solutions files draft papers for IPO, seeks Sebi's nod
Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders
 "Inventurus Knowledge Solutions files draft papers for IPO, seeks Sebi's nod")
Stock derivatives now under surveillance norms; FirstCry to debut on Tue
According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%
 "Stock derivatives now under surveillance norms; FirstCry to debut on Tue")
Pre-IPO allotments lose favour amid market buoyancy and larger float sizes
Opt to sell shares during IPO instead on hopes of better valuations
 "Pre-IPO allotments lose favour amid market buoyancy and larger float sizes")
OYO's parent Oravel Stays raises Rs 1,457 crore in latest funding round
The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at Rs 29, consistent with the valuation of the recent raise in Series G
 "OYO's parent Oravel Stays raises Rs 1,457 crore in latest funding round")
Lemon Tree plans to list its subsidiary Fleur Hotels to reduce debt
The management of the hotel chain told investors on its conference call that 90% of its debt lies in Fleur Hotels
 "Lemon Tree plans to list its subsidiary Fleur Hotels to reduce debt")
Ola Electric Mobility rises 20% on debut on electric vehicle optimism
Firm's valuation at Rs 40K cr despite tepid response to IPO
 "Ola Electric Mobility rises 20% on debut on electric vehicle optimism")
FirstCry IPO subscribed 12 times; Ceigall India slips on stock market debut
FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others
 "FirstCry IPO subscribed 12 times; Ceigall India slips on stock market debut")
FirstCry's parent Brainbees Solutions IPO subscribed 11% on Day 1 of offer
The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares
 "FirstCry's parent Brainbees Solutions IPO subscribed 11% on Day 1 of offer")
Bajaj Housing Finance, four others get Sebi's approval to go public
Sebi has also issued the observation letter or approval to IPOs of four other companies, including Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail
Ola Electric IPO fully subscribed on Day 2, retail portion booked 3 times
The electric two-wheeler maker has already allotted 364 million shares - worth Rs 2,763 crore - to anchor investors at Rs 76 apiece, the top end of the price band
 "Ola Electric IPO fully subscribed on Day 2, retail portion booked 3 times")
Ceigall India's IPO subscribed 13.75 times on last day of share sale
The Rs 1,252.66-crore initial share sale received bids for 30,68,91,912 shares against 2,23,13,663 shares on offer, as per NSE data
 "Ceigall India's IPO subscribed 13.75 times on last day of share sale")
Baazar Style Retail raises Rs 37 cr from Volrado Partners in pre-IPO round
With this, the IPO-bound company's fresh issue size has been reduced to Rs 148 crore, from Rs 185 crore earlier
Street signs: Rs 12,000 crore IPO gauntlet, regulatory quake, and more
The Securities and Exchange Board of India's proposed tightening of derivatives trading rules is expected to have a profound impact on stock exchanges
 "Street signs: Rs 12,000 crore IPO gauntlet, regulatory quake, and more")
Hero FinCorp files for Rs 3,668 crore IPO; Akums IPO subscribed over 50x
Among the selling shareholders for Hero FinCorp are AHVF II Holdings (Apollo Management), Apis Growth, Link Investment Trust, and Otter
 "Hero FinCorp files for Rs 3,668 crore IPO; Akums IPO subscribed over 50x")
Infra company Ceigall India's IPO subscribed 61% on Day 1 of offer
The Rs 1,252.66-crore initial share sale received bids for 1,35,07,627 shares against 2,23,13,663 shares on offer, as per the NSE data
FirstCry IPO to open on Tuesday; sets price band at Rs 440-465 per share
The IPO comprises a fresh fund raise worth Rs 1,666 crore and a secondary share sale worth Rs 2,528 crore
 "FirstCry IPO to open on Tuesday; sets price band at Rs 440-465 per share")
FirstCry to raise $501 million in IPO, targets valuation of $2.9 billion
It said it will use the proceeds from the offering to fund acquisitions, international expansion and set up new stores
 "FirstCry to raise $501 million in IPO, targets valuation of $2.9 billion")