Page 54 - Latest Updates on IPO
Street Signs: Covid trot to winning run, Avalon Tech's premium, and more
Banking stocks outperformed in the just-concluded financial year (2022-23), with the sectoral gauge gaining 12 per cent, against a 0.6 per cent decline in the benchmark National Stock Exchange Nifty
 "Street Signs: Covid trot to winning run, Avalon Tech's premium, and more")
Oyo pre-files DRHP with Sebi, cuts issue size to $400-600 million
The DRHP was filed under the confidential pre-filing route with a reduced issue size of $400-600 million, all of which will be raised through a primary issuance, in a bid to repay the firm's debt
 "Oyo pre-files DRHP with Sebi, cuts issue size to $400-600 million")
Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year
Byju's acquired AESL in 2021 for about $1 billion. Since then, Byju's said AESL's revenue and profits tripled
 "Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year")
Equity fundraising in FY23 put through Fed wringer; IPO mop-up down 52%
The IPO activity was sporadic in FY23, with 25 of the 37 IPOs taking place in just three months
 "Equity fundraising in FY23 put through Fed wringer; IPO mop-up down 52%")
Fund raise via IPO more than halves to Rs 52,116 cr in FY23 from FY22
Overall public equity fundraising also dropped by 56 per cent to Rs 76,076 crore in the reporting year from Rs 1,73,728 crore in FY22
 "Fund raise via IPO more than halves to Rs 52,116 cr in FY23 from FY22")
Eye on expansion, Haldiram family to invest Rs 2,500 crore in 5 years
Mulls IPO upon the merger of Noida, Nagpur businesses
 "Eye on expansion, Haldiram family to invest Rs 2,500 crore in 5 years")
Alibaba splits into six units, plans new IPOs in historic overhaul
The move frees up the Chinese company's main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts
 "Alibaba splits into six units, plans new IPOs in historic overhaul")
Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh
The firm's annual profit was Rs 14 crore the last year
 "Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh")
Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds
Agarwal projects 19% jump in FY23 revenue to Rs 5,700 crore
 "Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds")
Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month
Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions
 "Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month")
Avalon Technologies IPO opens next week: Check GMP, other details here
Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share
 "Avalon Technologies IPO opens next week: Check GMP, other details here")
Udayshivakumar Infra IPO subscribed 30.63 times on last day of offer
The company's initial public offering (IPO) received bids for over 61.26 crore shares against 2 crore shares on offer, according to data available with the NSE
Global Surfaces makes stellar debut; zooms 23% over issue price
It earns 99% of its revenues from overseas markets like US, Canada and the Middle East. Segment wise, engineered quartz make for 83% of its revenue while natural stones make for 17%
BoB-backed IndiaFirst Life Insurance gets regulator approval for IPO
Company seeks to raise about Rs 500 cr from fresh issue of shares, draft papers say
 "BoB-backed IndiaFirst Life Insurance gets regulator approval for IPO")
Union Cabinet approves listing of IREDA on stock exchange through IPO route
The IREDA is a wholly owned mini-Ratna company, engaged in financing of renewable energy and energy efficiency projects in India
 "Union Cabinet approves listing of IREDA on stock exchange through IPO route")
OYO launches accelerator programme for first-generation hoteliers
It will provide technology, relationship managers, financial support, and access to OYO's network
 "OYO launches accelerator programme for first-generation hoteliers")
Divgi TorqTransfer stock rise; Global Surfaces offer gets fully subscribed
The IPO of Global Surfaces garnered full subscription on Tuesday, a day before its close
Deals plunge by 60% to $1.8 billion in February on deepening funding winter
The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to $1.8 billion in February, shows an analysis
Credit Suisse sees First Boston IPO by 2025 amid investor search
Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares
 "Credit Suisse sees First Boston IPO by 2025 amid investor search")
Tata Tech IPO: After 2 decades a Tata group firm will test public markets
Engineering services company files DRHP; seeks to raise Rs 4,000 cr
 "Tata Tech IPO: After 2 decades a Tata group firm will test public markets")