Page 46 - Latest Updates on IPO
Updater Services makes weak debut; lists 5% below issue price
Shares got listed at Rs 285, a 5 per cent below its issue price of Rs 300 per share on the National Stock Exchange.
 "Updater Services makes weak debut; lists 5% below issue price")
Azad Engineering Ltd submits application for Rs 740 cr IPO with Sebi
Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO)
 "Azad Engineering Ltd submits application for Rs 740 cr IPO with Sebi")
Popular Vehicles and Services Ltd files IPO papers with Sebi again
Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale
 "Popular Vehicles and Services Ltd files IPO papers with Sebi again")
Agilus Diagnostics files draft papers with Sebi to raise funds via IPO
Since the IPO is entirely an OFS, the entire proceeds will go to the existing shareholders
 "Agilus Diagnostics files draft papers with Sebi to raise funds via IPO")
IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore
Rally in small and midcap funds leads to a spurt in activity
 "IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore")
Updater Services IPO subscribed 2.9 times on final day of subscription
The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data
Oyo to report first profitable quarter in Q2 FY24 at Rs 16 crore PAT
The company's revenue from operations in FY23, Agarwal added, stood at approximately Rs 5,463 crore in FY23 up from Rs 4,781 crore in FY22, marking a 14 per cent increase
 "Oyo to report first profitable quarter in Q2 FY24 at Rs 16 crore PAT")
Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh
In March, the regulator had extended the deadline from March 31 to September 30
 "Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh")
JSW Infra IPO subscribed 43%; SME stocks to come under surveillance
Updater Services IPO subscribed 6 per cent on day 1
 "JSW Infra IPO subscribed 43%; SME stocks to come under surveillance")
Regulatory relook: Move to push firms away from in-house RTAs on the cards
Sebi looking to increase networth requirement, other measures; may float discussion paper
 "Regulatory relook: Move to push firms away from in-house RTAs on the cards")
Brokerages recommend JSW Infra IPO, cite firm's govt contracts among risks
Sajjan Jindal company is the third listing by the JSW Group and it comes after a gap of 13 years
 "Brokerages recommend JSW Infra IPO, cite firm's govt contracts among risks")
Inspire Films to launch IPO during Sept 25-27, plans to raise Rs 21.20 cr
"Following the IPO, the company's shares will be listed on the NSE Emerge platform on October 9, 2023," it added
 "Inspire Films to launch IPO during Sept 25-27, plans to raise Rs 21.20 cr")
SAMHI Hotels gains 14% on stock market debut; Zaggle Prepaid slips 3.5%
Samhi Hotels raised Rs 1,200 crore by issuing fresh shares in the IPO
 "SAMHI Hotels gains 14% on stock market debut; Zaggle Prepaid slips 3.5%")
Samhi Hotels to Sai Silks: Subscriptions drop as IPOs get bunched up
Deterioration in market sentiment, investment fatigue also to blame
 "Samhi Hotels to Sai Silks: Subscriptions drop as IPOs get bunched up")
Sai Silks IPO subscribed 33 % on day 2 of bidding, RIIs subscribed 26%
The initial share sale received bids for 1,27,49,966 shares against 3,84,86,309 shares on offer, as per NSE data
 "Sai Silks IPO subscribed 33 % on day 2 of bidding, RIIs subscribed 26%")
Sai Silks Kalamandir's IPO subscribed 33% a day ahead of its close
Sai Silks is looking to raise Rs 600 crore in fresh capital, which will be used to set up 30 new stores and two warehouses to help fuel its growth
Instacart founder Apoorva Mehta exits with $1.1 bn fortune after IPO
The transition marks the end of Mehta's 11-year tenure with the company he co-founded in 2012
 "Instacart founder Apoorva Mehta exits with $1.1 bn fortune after IPO")
RR Kabel gains 15% on debut, Yatra Online's IPO manages to scrape through
The stock hit a low of Rs 1,141 and a high of Rs 1,213 on the BSE. Shares worth nearly Rs 1,900 crore got traded on NSE and BSE of the company
 "RR Kabel gains 15% on debut, Yatra Online's IPO manages to scrape through")
Signature Global raises Rs 318.5 cr from anchor investors ahead of IPO
In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share
Signature Global raises Rs 318.5 cr from anchor investors ahead of IPO
In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share
