Page 37 - Latest Updates on IPO
Piotex Industries IPO to open on May 10, price fixed at Rs 94 per share
The public offer is entirely a fresh issue of up to 15,39,600 equity shares with a face value of Rs 10 per share, according to the red herring prospectus (RHP)
 "Piotex Industries IPO to open on May 10, price fixed at Rs 94 per share")
FY25 to be best year for Happiest Minds since IPO: Chairman Ashok Soota
Happiest Minds believes it is in a unique position to capitalise on the opportunities presented by GenAI
 "FY25 to be best year for Happiest Minds since IPO: Chairman Ashok Soota")
Irdai imposes a fine of Rs 1 crore on IPO-bound Go Digit Insurance
According to recent general insurance council data, the company had a gross written premium (GWP) of Rs 7,941.1 cr in FY24
 "Irdai imposes a fine of Rs 1 crore on IPO-bound Go Digit Insurance")
Plant-based speciality firm Sanstar gets Sebi's nod to float IPO
The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders
 "Plant-based speciality firm Sanstar gets Sebi's nod to float IPO")
NSE investors may face further delays for its initial public offering
According to industry players, one of the key requirements for approving NSE's IPO is for it to remain free from any tech-glitch for a year
 "NSE investors may face further delays for its initial public offering")
Planning to invest in an IPO of a company: Know details before investing
It is important to note that investing in an IPO requires careful consideration, as it's not a ticket for great return.
 "Planning to invest in an IPO of a company: Know details before investing")
Belstar Microfinance files DRHP with Sebi for Rs 1,300 crore IPO
According to the DRHP, the fresh issue of equity shares is worth Rs 1000 crore, and the offer-for-sale (OFS) is Rs 300 crore by existing investors
 "Belstar Microfinance files DRHP with Sebi for Rs 1,300 crore IPO")
GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers
Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale
 "GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers")
India's IPO market set to break May jinx in Lok Sabha election year
For 1st time during poll cycle since '04, mkts will see IPO frenzy
Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge
Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision
 "Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge")
Aadhar Housing Finance sets IPO price band of Rs 300 to Rs 315 per share
Aadhar HFC provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension
Travel distribution firm TBO Tek eyes Rs 1K cr via IPO; issue to open May 8
The company's maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer-for-Sale (0FS) of up to 1.25 crore equity shares by promoters and investors
 "Travel distribution firm TBO Tek eyes Rs 1K cr via IPO; issue to open May 8")
Indegene sets IPO price band at Rs 430-452, aims to raise Rs 1,842 crore
In financial year 2023, Indegene reported Rs 2,306.13 crore in revenue from operations with a profit of Rs 266 crore
 "Indegene sets IPO price band at Rs 430-452, aims to raise Rs 1,842 crore")
Vodafone Idea's FPO: A Rs 287 crore bonanza for investment bankers
The telecom operator has paid Rs 287 cr to three bankers, second-most ever
 "Vodafone Idea's FPO: A Rs 287 crore bonanza for investment bankers")
Traders complain of glitch in NSE system; Mkts gain for 5th session
IPO of heating equipment maker JNK India received 28.07 times subscription on the closing day of bidding
 "Traders complain of glitch in NSE system; Mkts gain for 5th session")
Swiggy gets shareholder approval for potential $1.2 billion IPO this year
Bengaluru-based Swiggy intends to raise up to Rs 3,750 crore ($450 million) in fresh capital alongside an offer-for-sale (OFS) segment of up to Rs 6,664 crore ($800 million)
 "Swiggy gets shareholder approval for potential $1.2 billion IPO this year")
Microsoft-backed Rubrik prices US IPO above range at $32 per share
Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares, the company said in a statement. This confirmed an earlier Reuters report about the offering details
Cross-margin benefits for index, futures extended; JNK IPO subscribed 49%
The initial public offering (IPO) of heating equipment maker JNK India received 49 per cent subscription on the first day of bidding
Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos
Specialty chemicals company Kronox Lab Sciences has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday
 "Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos")
Vodafone Idea FPO: Here's a step-by-step guide on how to subscribe
Retail investors will need a minimum of Rs 14,278 to bid for one lot of Voda Idea FPO; maximum bid can be for up to 18,172 equity shares at the higher-end of the FPO price band.
 "Vodafone Idea FPO: Here's a step-by-step guide on how to subscribe")