Page 61 - Latest Updates on IPO
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
 "Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1")
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
 "Fusion Ltd plans to raise about Rs 600 crore by issuing fresh equity shares")
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
 "Fusion Micro Finance's IPO opens Nov 2, price band Rs 350-368 a share")
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")
Global Health Limited's IPO to open on November 3: Red Herring Prospectus
The initial share sale of Global Health Limited, which operates and manages hospitals under the Medanta brand, will open for public subscription on November 3
 "Global Health Limited's IPO to open on November 3: Red Herring Prospectus")
Samvat 2078: Record-breaking year for IPOs but outlook turns cloudy
The top five issues accounted for nearly two-thirds of the IPO fund raise
 "Samvat 2078: Record-breaking year for IPOs but outlook turns cloudy")
IPO delayed due to Ukraine-Russia war and Omicron wave: Go First
The firm's DRHP expired in August this year and it will need to refile its papers with Sebi to reinitiate the IPO process
 "IPO delayed due to Ukraine-Russia war and Omicron wave: Go First")
DCX Systems sets price band at Rs 197-207/share for its Rs 500 cr IPO
DCX Systems, a manufacturer of cables and wire harness assemblies, on Friday announced a price band of Rs 197 to Rs 207 per share for its Rs 500-crore initial public offering (IPO).
 "DCX Systems sets price band at Rs 197-207/share for its Rs 500 cr IPO")
Tracxn Technologies stock gains on NSE debut, up 17.7% at Rs 94.20 apiece
The stock of the data processing services company got listed at Rs 84.50, a Rs 6 per premium, to its issue price
Pricing pressure: Sebi should avoid over-regulation
The idea of asking independent directors to justify pricing does not make sense
IndiaFirst Life Insurance to file draft papers with Sebi in next few weeks
IndiaFirst Life insurance entered the insurance industry in 2009 as the 23rd private sector life insurance company
 "IndiaFirst Life Insurance to file draft papers with Sebi in next few weeks")
New issue pricing onus may put independent directors in a spot: Experts
Experts feel Sebi diktat may deter those with non-financial background from joining boards
 "New issue pricing onus may put independent directors in a spot: Experts")
What is lock-in period?
Anchor investors are offered shares in an IPO a day ahead of its primary market debut. But they cannot offload it for the next 30 days. It is called the lock-in period. This report tells more about it
 "What is lock-in period?")
Kaynes Technology gets Sebi's go ahead to float IPO to raise funds
Kaynes Technology India Limited (KTIL) has received capital markets regulator Sebi's go ahead to raise funds through an Initial Public Offering (IPO)