Page 52 - Latest Updates on IPO
Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain
CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price
 "Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain")
Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility
So far this year , 23 companies have decided to shelve public offers
 "Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility")
IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue
The company manufactures LED lighting, refrigeration lights and other products
 "IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue")
IKIO Lighting IPO subscribed 6.83 times on second day of share sale
The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday
 "IKIO Lighting IPO subscribed 6.83 times on second day of share sale")
Canara Bank initiates process to launch IPOs of two non-core arms: Report
If listed, Canara Robeco AMC will be the fifth mutual fund to list after HDFC, Nippon Life, UTI, and Aditya Birla
 "Canara Bank initiates process to launch IPOs of two non-core arms: Report")
Byju's announces plans for Aakash IPO in 2024 amid funding crunch
Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm
 "Byju's announces plans for Aakash IPO in 2024 amid funding crunch")
Noida-based IKIO Lighting's IPO to kick off on June 6; check details here
The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters -- Hardeep Singh and Surmeet Kaur
E-com firm Meesho hints at IPO in 2025; focus shifts to generating profits
In FY22, Meesho saw its revenues jump 4.5 times year-on-year to Rs 3,232 crore, while its losses rose even more steeply by 7.5 times to Rs 3,247 crore
 "E-com firm Meesho hints at IPO in 2025; focus shifts to generating profits")
Top headlines: Centre may delay ECGC IPO; G7 sets net zero target at 2050
Business Standard brings you top news at this hour
 "Top headlines: Centre may delay ECGC IPO; G7 sets net zero target at 2050")
Centre likely to push ECGC IPO to next year amid global uncertainties
The ongoing Russia-Ukraine war and tightening of monetary policy by important central banks internationally are expected to adversely impact the valuation of ECGC if the IPO is launched now
Sebi proposes to cut down IPO listing timeline to 3 days from 6 days
The Securities and Exchange Board of India (Sebi) has sought comments from the public till June 3 on the proposal
 "Sebi proposes to cut down IPO listing timeline to 3 days from 6 days")
Potential spin-off: Sony weighs finance arm IPO to fuel investment push
Its shares rose 6.4 per cent in Tokyo, their biggest jump in six months
Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr
The hospital chain operates in Thane, Pune and Indore under the "Jupiter" brand with a total bed capacity of 1,194 as of December 2022
 "Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr")
JSW Infrastructure files DRHP with Sebi, plans to raise Rs 2,800-cr via IPO
Firm plans to retire debt, fund port projects through the public offer's proceeds
 "JSW Infrastructure files DRHP with Sebi, plans to raise Rs 2,800-cr via IPO")
Nexus Select Trust REIT IPO subscribed 28% on first day of offer
The offer includes fresh issue of units worth up to Rs 1,400 crore and an Offer For Sale (OFS) of up to Rs 1,800 crore
Reformation's IPO Push Bets on Going Green in $200 Eucalyptus Pants
The company, started in 2009 as a vintage boutique in Los Angeles, doubled sales over the past four years, with revenue topping $300 million
 "Reformation's IPO Push Bets on Going Green in $200 Eucalyptus Pants")
Mankind Pharma Ltd surges 23% in Mumbai debut after a $529 mn IPO
Mankind's deal marks the return of mid-to-large-sized debuts in India
 "Mankind Pharma Ltd surges 23% in Mumbai debut after a $529 mn IPO")
Should you subscribe to Nexus Select REIT IPO? Here's what brokerages say
On Tuesday, shares of Nexus Select enjoyed a premium of Rs 5 in the grey market, which translated to a likely listing price of Rs 105 apiece on the upper price brand
 "Should you subscribe to Nexus Select REIT IPO? Here's what brokerages say")
TPG-backed RR Kabel files for IPO to raise up to $27.5 million
Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million
Alibaba Group's global online commerce arm weighs US IPO, says report
The e-commerce giant is in the early stages of consideration and the IPO's size is yet to be determined, the report added
 "Alibaba Group's global online commerce arm weighs US IPO, says report")