Page 57 - Latest Updates on IPO
KFin Technologies IPO subscribed 0.5 times on first day of the issue
KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions
 "KFin Technologies IPO subscribed 0.5 times on first day of the issue")
Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana
Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.
 "Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana")
Mutual funds pivot to IPOs in November amid record number of deals
Invest Rs 3,300 crore in maiden offerings, pull out from secondary market
 "Mutual funds pivot to IPOs in November amid record number of deals")
Surprise corporate actions by Indian tech darlings spur scrutiny
While within the rules, experts not convinced by buyback move of fintech firms
 "Surprise corporate actions by Indian tech darlings spur scrutiny")
IRM Energy files draft papers with Sebi, eyes up to Rs 700-crore via IPO
Gas distribution company IRM Energy Ltd has filed preliminary papers with Sebi to raise up to Rs 700 crore via an initial public offering (IPO)
 "IRM Energy files draft papers with Sebi, eyes up to Rs 700-crore via IPO")
Inox group plans Rs 1,000-crore IPO of cryogenic equipment maker in 2023
InoxCVA's offering may hit primary market next year
 "Inox group plans Rs 1,000-crore IPO of cryogenic equipment maker in 2023")
Disney set to offload entire stake in Tata Play during IPO: Report
Disney's move comes at a time when it is focusing on its broadcast and streaming service businesses in India
 "Disney set to offload entire stake in Tata Play during IPO: Report")
Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO
The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For Sale (OFS) of up to 3.63 crore equity shares by existing investors, according to the DRHP
IPO pipeline in India seen active in 2023 on smaller deals, shows data
Only 2 companies raised more than $500 mn via public offers in 2022
 "IPO pipeline in India seen active in 2023 on smaller deals, shows data")
Landmark Cars IPO subscribed by 3 times on last day of subscription
The Initial Public Offer (IPO) of automobile dealership chain Landmark Cars got subscribed 3.06 times on the last day of subscription on Thursday, helped by huge interest from institutional buyers
 "Landmark Cars IPO subscribed by 3 times on last day of subscription")
Abans Holdings IPO receives 46% subscription on third day of offer
The initial public offering of Abans Holdings, financial services arm of the Abans Group, got subscribed 46 per cent on the third day of offer on Wednesday.
 "Abans Holdings IPO receives 46% subscription on third day of offer")
Indian winemaker Sula's IPO oversubscribed with bids worth $190 million
Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed
 "Indian winemaker Sula's IPO oversubscribed with bids worth $190 million")
Beware of information paucity and liquidity risk in unlisted shares
Even seasoned investors should bet only 5-10% on such securities
 "Beware of information paucity and liquidity risk in unlisted shares")
Brokers fret as secondary market ASBA gains motion with new UPI feature
Blocking money via UPI may lead to 5% decline in float parked with brokers, they fear
 "Brokers fret as secondary market ASBA gains motion with new UPI feature")
KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr
Financial services platform provides solutions to asset managers and corporate issuers
 "KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr")
Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more
Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share
Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore
 "Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share")
Abans Holdings IPO registers 28% subscription on second day of offer
The Initial Public Offer (IPO) of Abans Holdings, financial services arm of the Abans Group, was subscribed 28 per cent on the day two of offer on Tuesday
Landmark Cars IPO receives 17% subscription on first day of offer
The initial public offer of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
Abans Holdings offer subscribed 11% the first day of subscription
The category for non-institutional investors received 12 per cent subscription and retail individual investors (RIIs) part was subscribed 13 per cent