Page 55 - Latest Updates on IPO
Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding
The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process
 "Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding")
Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO
Joyalukkas, which focuses mainly on Southern India, is the latest to delay or pull its IPO plans amid market volatility and stubbornly high inflation
 "Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO")
China eases overseas listing rules, paving way for IPO rebound
The CSRC reiterated that Chinese companies seeking to sell shares abroad would have to register with the regulator after a transition period
 "China eases overseas listing rules, paving way for IPO rebound")
Sebi introduces issue summary document for filing IPO papers in XBRL format
Sebi introduced the issue summary document for filing papers pertaining to IPO and for further issue of securities in XBRL format
 "Sebi introduces issue summary document for filing IPO papers in XBRL format")
IPO-bound Swiggy names Delhivery chief, two others as independent directors
New appointments will strengthening governance, says food delivery platform
 "IPO-bound Swiggy names Delhivery chief, two others as independent directors")
Little rain in the IPO desert: First dry spell since July 2022, shows data
Not a single penny got raised from initial public offerings and follow-on public offers (FPO) last month
 "Little rain in the IPO desert: First dry spell since July 2022, shows data")
Dubious distinction: AEL first to cancel share sale after full subscription
As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore
 "Dubious distinction: AEL first to cancel share sale after full subscription")
FirstMeridian files new draft papers for IPO; cuts issue size to Rs 740 cr
Staffing firm FirstMeridian Business Services Ltd has refiled preliminary papers with capital markets regulator Sebi and reduced its IPO size to Rs 740 crore from Rs 800 crore planned earlier
 "FirstMeridian files new draft papers for IPO; cuts issue size to Rs 740 cr")
Ankit Nagori-led Curefoods aims to expand cloud kitchens across India
Curefoods is expecting to reach annual recurring revenue (ARR) of Rs 1000 crore ($122 million) by the end of this year and it aims to be ready for an IPO in 18 months
 "Ankit Nagori-led Curefoods aims to expand cloud kitchens across India")
PE/VC investments dip 29% YoY to $54.2 bn in 2022 amid funding woes
Despite this decline, 2022 marks the second-best year for PE/VC investments in India to date; dip largely due to smaller deal sizes amid stable volumes
 "PE/VC investments dip 29% YoY to $54.2 bn in 2022 amid funding woes")
By March, we'll be closer to pre-Covid levels: ESAF Small Finance Bank MD
Thomas says the bank expects to bring the microfinance portfolio down to 60 per cent of its book
 "By March, we'll be closer to pre-Covid levels: ESAF Small Finance Bank MD")
High-frequency traders must be highly cost-conscious while choosing brokers
Platform reliability, time to meet margin calls are other key criteria for traders while selecting a broker
 "High-frequency traders must be highly cost-conscious while choosing brokers")
Nykaa stock now a more attractive 'buy', analysts positive but divided
Through financial modelling, experts arrive at a fair value that ranges between Rs 145 and Rs 360
 "Nykaa stock now a more attractive 'buy', analysts positive but divided")
Sebi asks PayMate India to refile IPO papers with certain updates
Currently, promoter and promoter group hold 66.70 per cent stake in the company and the rest is with public shareholders
 "Sebi asks PayMate India to refile IPO papers with certain updates")
Avalon Technologies, Udayshivakumar Infra get Sebi's approval to float IPO
In Sebi's parlance, its observation implies its go ahead to launch the initial share-sale
IT solutions firm Rashi Peripherals files Rs 750-cr IPO papers with Sebi
The company may consider a private placement of equity shares for up to Rs 150 crore. If such placement is completed, the fresh issue size will be reduced
 "IT solutions firm Rashi Peripherals files Rs 750-cr IPO papers with Sebi")
Sebi returns Lava Intl's draft IPO papers; asks to refile with updates
The proposed IPO comprises fresh issuance of equity shares worth up to Rs 500 crore and an offer for sale (OFS) component of 4,37,27,603 equity shares
Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO
Pharmaceutical companies Innova Captab Ltd and Blue Jet Healthcare have received Sebi's go-ahead to raise funds through initial public offering (IPO)
 "Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO")
From Paytm to Zomato, start-ups see fresh round of selling; stock falls
Market players said the selling could be because of fears around further sell-downs by existing investors
 "From Paytm to Zomato, start-ups see fresh round of selling; stock falls")
Archean Chemical hits highest level since debut; up 51% against issue price
The stock rallied 7% to hit a new high of Rs 612.70 in the intra-day trade today