Page 41 - Latest Updates on IPO
Bansal Wire Industries files draft papers to mobilise Rs 745 crore via IPO
The maiden public issue is an entirely fresh issue of equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday
 "Bansal Wire Industries files draft papers to mobilise Rs 745 crore via IPO")
Bansal Wire Industries files draft papers to mobilise Rs 745 cr via IPO
Steel wire manufacturer Bansal Wire Industries Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 745 crore through an Initial Public Offering (IPO)
 "Bansal Wire Industries files draft papers to mobilise Rs 745 cr via IPO")
Reddit may launch IPO in March, nearly 3 years since its initial filing
Delays in IPO launch may be due to unstable market conditions and Reddit's goal to 'come closer to profitability'
 "Reddit may launch IPO in March, nearly 3 years since its initial filing")
Reddit to launch IPO, first social media offering since Pinterest, in March
It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB
 "Reddit to launch IPO, first social media offering since Pinterest, in March")
KRN Heat Exchanger files draft papers with Sebi to raise funds via IPO
KRN Heat Exchanger and Refrigeration Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO)
 "KRN Heat Exchanger files draft papers with Sebi to raise funds via IPO")
Officer's Choice whisky maker Allied Blenders files IPO papers with Sebi
The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs 500 crore by promoters
 "Officer's Choice whisky maker Allied Blenders files IPO papers with Sebi")
Medi Assist healthcare IPO subscribed 54% on first day of bidding
Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners
 "Medi Assist healthcare IPO subscribed 54% on first day of bidding")
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
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")