Page 41 - Latest Updates on IPO
Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years
Flipkart Internet, the marketplace arm of the e-commerce giant, recently reported a 42 per cent growth in operating revenue for FY23 at Rs 14,845 crore
 "Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years")
Ahead of IPO, Medi Assist mobilises Rs 351 crore from anchor investors
The company has allotted 84.08 lakh equity shares to 36 funds at Rs 418 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website
 "Ahead of IPO, Medi Assist mobilises Rs 351 crore from anchor investors")
Road to listing may get easier: Sebi expert panel for relaxing IPO norms
India Inc may get more flexibility to alter issue size, bring in promoter contribution
 "Road to listing may get easier: Sebi expert panel for relaxing IPO norms")
Jyoti CNC Automation IPO booked 38.5x on last day of subscription
Sebi warns Fortis for delaying disclosures about lawsuit in US
 "Jyoti CNC Automation IPO booked 38.5x on last day of subscription")
Medi Assist Healthcare fixes price band for IPO at Rs 397- Rs 418
Bids for the offer can be made for a minimum of 35 equity shares and in multiples of 35 thereafter
 "Medi Assist Healthcare fixes price band for IPO at Rs 397- Rs 418")
Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing
The Sajjan Jindal-led JSW group is likely to list its cement business after the general elections
 "Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing")
Sebi puts Manappuram Finance's arm Asirvad Micro Finance IPO on hold
Reacting to the development, shares of Manappuram Finance plunged as much as 7.45% to a low of Rs 163.40 apiece on the BSE on Wednesday
 "Sebi puts Manappuram Finance's arm Asirvad Micro Finance IPO on hold")
Tata Group to explore IPO for its auto component arm, Tata Autocomp Systems
Tata Autocomp Systems is wholly owned by Tata Group entities, with Tata Sons holding approximately 21%, and the remaining stake held by Tata Industries Ltd
Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr
Earlier in 2021, it had targeted to raise Rs 1,900 cr but withdrew due to weak market conditions
 "Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr")
Sequoia-backed MobiKwik refiles DRHP with Sebi for Rs 700 crore IPO
Previously, in 2022, MobiKwik planned to raise Rs 1,900 crore through its IPO, comprising a fresh issue of shares of up to Rs 1,500 crore and an offer for sale of up to IRs 400 crore
 "Sequoia-backed MobiKwik refiles DRHP with Sebi for Rs 700 crore IPO")
Indian fintech funding declines 63%; raises total $2 bn: Tracxn Report 2023
Despite the decline, the Indian fintech sector has retained its position as the third-highest funded globally in 2023
 "Indian fintech funding declines 63%; raises total $2 bn: Tracxn Report 2023")
US-based fund manager Invesco marks up Swiggy's valuation to $8.3 billion
Besides Invesco, US-headquartered asset management firm Baron Capital had also marked up the value of its stake in Swiggy to $8.54 billion in August last year
 "US-based fund manager Invesco marks up Swiggy's valuation to $8.3 billion")
Sanstar files IPO papers with market regulator Sebi to raise funds
The company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced
 "Sanstar files IPO papers with market regulator Sebi to raise funds")
Cybersecurity firm TAC considering IPO in 2024 among options to raise funds
Company provides services to NPCI, BSE and NSE and has clients abroad
 "Cybersecurity firm TAC considering IPO in 2024 among options to raise funds")
Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics
Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata
 "Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics")
Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding
The funding saw participation from marquee investors, who include former HDFC chairman Deepak Parekh, HDFC Securities chairman Bharat Shah, and MD of Macleods Pharmaceuticals Rajendra Agarwal
 "Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding")
The SME IPO boom needs to last for the sake of future billionaires
The 161 businesses which are listed in the SME segment of Indian stock exchanges allocated nearly 94 per cent of the money raised to meet company requirements
 "The SME IPO boom needs to last for the sake of future billionaires")
SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO
PI Opportunities Fund-1 is expected to offload over 36 per cent stake and Mahindra & Mahindra would sell over 5 per cent stake as part of the IPO
 "SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO")
Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO
Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company
 "Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO")
Year Ender: 10 big events that shaped the Indian corporate world in 2023
From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant
 "Year Ender: 10 big events that shaped the Indian corporate world in 2023")