Page 49 - Latest Updates on IPO
TPG Capital-backed wires manufacturer RR Kabel gets Sebi approval for IPO
Apart from these, US-based private equity firm TPG Capital, which holds a 21 per cent stake in RR Kabel, will partly sell its stake in the company as part of the OFS
 "TPG Capital-backed wires manufacturer RR Kabel gets Sebi approval for IPO")
Vishnu Prakash IPO subscribed 87.81 times on last day of bidding
The Initial Public Offering (IPO) of Vishnu Prakash R Punglia Ltd was subscribed 87.81 times on the last day of bidding on Monday, helped by strong engagement from institutional buyers
 "Vishnu Prakash IPO subscribed 87.81 times on last day of bidding")
Stake sale, IPO plans for retail units in focus for Ambani's AGM speech
His once-a-year speech to investors - similar to Warren Buffett's annual letters to Berkshire Hathaway shareholders - has over time evolved into an highly anticipated pageant
 "Stake sale, IPO plans for retail units in focus for Ambani's AGM speech")
Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr
Group to launch IPO after a gap of 19 years
 "Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr")
Reliance Retail Ventures may sell another 8-10% stake to prepare for IPO
Further dilution of stake might make its IPO size manageable
 "Reliance Retail Ventures may sell another 8-10% stake to prepare for IPO")
After Bikaji Foods, Bikanervala to go for IPO in next three years
The company is making substantial investments in capacity expansion, including setting up a Rs 400 crore plant near Jewar Airport to manufacture and package snack foods
 "After Bikaji Foods, Bikanervala to go for IPO in next three years")
Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr
In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement
Jio Financial hits down limit for third day, Aeroflex subscribed 21 times
Market players expect the selling pressure to continue until the selling by passive funds is fully absorbed
 "Jio Financial hits down limit for third day, Aeroflex subscribed 21 times")
Heating equipment maker JNK India files draft papers with Sebi to float IPO
Those offloading shares in the OFS are of promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd. and Mascot Capital and Marketing Pvt Ltd. -- and shareholder Milind Joshi
TVS Supply Chain shares settle 2% higher than issue price in debut trade
The stock was listed at Rs 206.30, up 4.72 per cent from the issue price on the BSE. During the day, it jumped 5.83 per cent to Rs 208.50
 "TVS Supply Chain shares settle 2% higher than issue price in debut trade")
Stationery maker Doms files draft papers for $145 mn IPO with Sebi
Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA, which holds a 51% stake in the company, is selling shares worth Rs 800 cr
 "Stationery maker Doms files draft papers for $145 mn IPO with Sebi")
Aeroflex Industries IPO subscribed 6.69 times on first day of offer
The IPO has a fresh issue of up to Rs 162 crore and an offer for sale of up to 1.75 crore equity shares
 "Aeroflex Industries IPO subscribed 6.69 times on first day of offer")
Fintech firm Zaggle garners Rs 25 cr from ValueQuest in pre-IPO round
Zaggle filed its draft papers with capital markets regulator Sebi in December 2022 to raise funds through an IPO
 "Fintech firm Zaggle garners Rs 25 cr from ValueQuest in pre-IPO round")
Aeroflex Industries garners Rs 104 cr from anchor investors ahead of IPO
The company has decided to allocate 95.99 lakh equity shares to 15 funds at Rs 108 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website
Shares of Concord Biotech ends 27% higher in debut at $1 bn valuation
The Ahmedabad, Gujarat-based company opened at 900.05 rupees, a 21.5% premium to its initial public offer (IPO) price of 741 rupees
Happy Forgings files IPO papers to raise Rs 1,200-1,300 cr with Sebi
Also, the company may consider a pre-IPO placement of shares aggregating up to Rs 100 crore. If such placement is completed, the fresh issue size will be reduced
Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times
The company has 152 branches spread across 120 cities and 16 Indian states
Fundraising through SME IPOs hits a new high in 2023, shows data
The SME segment is for smaller enterprises raising lower amounts, while the mainboard is for listing larger, more mature companies
 "Fundraising through SME IPOs hits a new high in 2023, shows data")
TVS Supply Chain IPO subscribed 2.8 times on last day of subscription
The company had earlier raised Rs 396 crore from 18 anchor investors
Citi sells TaMo shares worth Rs 2,089 cr, TVS Supply Chain subscribed 55%
The price band for the TVS Supply Chain IPO is Rs 187 to Rs 197 per equity share