Page 60 - Latest Updates on IPO
Awfis aims to double revenue to Rs 600 cr in FY23; IPO by Dec next year
At present, Awfis has 150 centres across 17 cities, comprising about 90,000 desks. It offers a desk in a price range of Rs 7,000-20,000 per month
 "Awfis aims to double revenue to Rs 600 cr in FY23; IPO by Dec next year")
Freshworks faces class action lawsuit in US for false statements during IPO
One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws
 "Freshworks faces class action lawsuit in US for false statements during IPO")
Kaynes Technology IPO set to open on Nov 10; fresh issue size at Rs 530 cr
The company has cut fresh issue size to Rs 530 crore from Rs 650 crore planned earlier
 "Kaynes Technology IPO set to open on Nov 10; fresh issue size at Rs 530 cr")
Global Health IPO subscribed 26%; Five Star IPO to open on Nov 7
The IPO of Bikaji Foods subscribed 67 per cent on Thursday, the first day of the issue
 "Global Health IPO subscribed 26%; Five Star IPO to open on Nov 7")
Fusion Micro Finance IPO subscribed 29% on Day 2 of offer: NSE data
On Tuesday, Fusion Micro Finance said it has raised a little over Rs 331 crore from anchor investors
SBI Mutual Fund's IPO plan shelved for now, says chairman Dinesh Khara
Khara said the planned share sale of the bank's mutual fund subsidiary has been shelved for the time being
 "SBI Mutual Fund's IPO plan shelved for now, says chairman Dinesh Khara")
Fusion Micro Finance IPO receives 12% subscription on Day 1 of offer
Net proceeds of the fresh issue will be used to augment the capital base of the microfinance firm
 "Fusion Micro Finance IPO receives 12% subscription on Day 1 of offer")
Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year
The retail shareholding has increased to 6.37% at the end of September, as compared to 2.79% at the time of listing
 "Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year")
TMS Ep293: OTT apps, Collegium system, IPOs this week, Crypto mining
Do we have a way to regulate OTT apps now? Is it time to rethink the collegium system of judicial appointments? Are the IPOs opening this week worth your money? What is crypto mining? Answers here
 "TMS Ep293: OTT apps, Collegium system, IPOs this week, Crypto mining")
4 IPOs likely to open this week. Which one's worth your money?
Four companies are looking to raise over Rs 4,000 cr this week via IPO. DCX Systems and Bikaji Foods are already seeing investors' interest in the grey market. Do these IPOs deserve your money?
 "4 IPOs likely to open this week. Which one's worth your money?")
Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1
Price band set at Rs 197-207 a share; retail portion sold 8.7x
DCX Systems IPO fully subscribed on Day 1; receives 2.11 times subscription
The Initial Public Offering (IPO) of DCX Systems, manufacturer of cables and wire harness assemblies, received 2.11 times subscription on the first day of offer on Monday.
 "DCX Systems IPO fully subscribed on Day 1; receives 2.11 times subscription")
Four cos set to go public next week; seek to raise over Rs 4,500 cr via IPO
The primary market is heading for a busy time, with four firms, including Global Health, which operates hospitals under the Medanta brand, and Fusion Micro Finance Ltd, lining up their IPOs next week
Fusion Ltd plans to raise about Rs 600 crore by issuing fresh equity shares
Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday
Medanta brand-owner Global Health sets IPO price band at Rs 319-336/share
The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) of up to 5.08 crore equity shares
 "Medanta brand-owner Global Health sets IPO price band at Rs 319-336/share")
Fusion Micro Finance's IPO opens Nov 2, price band Rs 350-368 a share
IPO consists of fresh equity of Rs 600 cr, OFS of 13.69 million shares
Audio gear, wearable tech firm boAt raises $60 mn, defers IPO plan
Funding will be used for the company's plans to the lead smartwatch category, strengthen role in audio
 "Audio gear, wearable tech firm boAt raises $60 mn, defers IPO plan")
Udaan raises $120 mn amid funding winter; plans IPO in 12-18 months
Business-to-business e-commerce firm raises capital from existing investor, was valued at $3.1 billion in January 2021
 "Udaan raises $120 mn amid funding winter; plans IPO in 12-18 months")
Will the primary market revival suck out secondary market liquidity?
As market sentiment turns positive for India, 10 firms are looking to raise Rs 9,000 cr via IPO over the next 45 days. Will the primary market activity suck out liquidity from the secondary markets?
 "Will the primary market revival suck out secondary market liquidity?")
Analysts positive on Bank Nifty, advise picking up stocks on dips
Bank Nifty index has been outperforming the benchmark Nifty. It has gained 4% in the past one month and 16% YTD. In comparison, Nifty is up less than 2% both on a one-month and YTD basis
 "Analysts positive on Bank Nifty, advise picking up stocks on dips")