Page 62 - Latest Updates on IPO
Stricter disclosure norms may trigger DRHP filing rush in next two months
Industry players expect companies to advance their DRHP filings before new rules kick in
 "Stricter disclosure norms may trigger DRHP filing rush in next two months")
Sebi clears slew of proposals; mandates tighter disclosure norms for IPOs
Buch said several decisions taken by the Sebi board were aimed at liberalisation and promoting market development
 "Sebi clears slew of proposals; mandates tighter disclosure norms for IPOs")
Airox Technologies files Rs 750-cr IPO papers with markets regulator Sebi
Airox Technologies has a market share of 50-55%, in terms of operational private hospital PSA medical oxygen market, as of fiscal 2022, according to the draft papers
 "Airox Technologies files Rs 750-cr IPO papers with markets regulator Sebi")
Retail IPO applications down by over 50% in H1FY23, shows data
Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr
 "Retail IPO applications down by over 50% in H1FY23, shows data")
Enviro Infra Engineers, Udayshivakumar Infra file IPO papers with Sebi
Two companies -- Enviro Infra Engineers Ltd and Udayshivakumar Infra Ltd -- have filed preliminary papers with capital markets regulator Sebi to raise funds through Initial Public Offerings (IPOs)
IPO mop-up plunges 32% to Rs 35,456 cr in H1FY23: Report
But according to Prime Database, the IPO pipeline is strong with 71 issues worth Rs 1.05 trillion having Sebi approvals and another 43 worth about Rs 70,000 cr are awaiting approval
Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet
The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information
 "Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet")
Volkswagen readies Porsche IPO in one of Europe's largest listings
Volkswagen was nearing the finish line as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing
 "Volkswagen readies Porsche IPO in one of Europe's largest listings")
Electronics Mart India IPO to open on Oct 4; price band at Rs 56-59/share
Consumer durables retail chain Electronics Mart India Ltd on Wednesday said it has fixed a price band of Rs 56-59 a share for its Rs 500 crore initial public offering (IPO)
 "Electronics Mart India IPO to open on Oct 4; price band at Rs 56-59/share")
Porsche IPO poised to price at top end of range, say bookrunners
Volkswagen, Europe's largest carmaker and Porsche's owner, said earlier this month it would price preferred shares at 76.50-82.50 euros, giving a valuation of up to 75 bn euros
Harsha Engineers soars 47% on debut after strong demand for shares in IPO
At the last close, the company was valued at Rs 4,424 crore
 "Harsha Engineers soars 47% on debut after strong demand for shares in IPO")
IPO watch: Companies taking longer to go public after Sebi approval
The stock market regulator usually attempts to respond to IPO documents in 30 days
Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up
CLOSING BELL: In the broader markets, the BSE MidCap index fell 2.85 per cent, and the BSE Smallcap index declined 3.33 per cent
 "Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up")
China EV maker Leapmotor set to raise $800 mn in Hong Kong IPO: Report
While that is less than the $1.03 bn the EV maker had said it was aiming to raise in its regulatory filings last week, the IPO would still be Hong Kong's largest this year
 "China EV maker Leapmotor set to raise $800 mn in Hong Kong IPO: Report")
Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules
Company promoters bought shares even when they held more than 75 per cent
How ASBA will benefit investors trading via non-bank-backed brokerages
The Sebi has embarked upon an ambitious plan to implement an IPO-like payment system for secondary market trading
 "How ASBA will benefit investors trading via non-bank-backed brokerages")
Sebi likely to step up disclosure norms for IPOs of new-age companies
Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar
SoftBank cuts valuation of IPO-bound Oyo by 20% to $2.7 bn: Report
'We are confident that the speculations about valuation markdown are patently incorrect,' an OYO spokesperson said in a statement
 "SoftBank cuts valuation of IPO-bound Oyo by 20% to $2.7 bn: Report")
Sula Vineyards eyes double-digit revenue growth in next five years
The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO
 "Sula Vineyards eyes double-digit revenue growth in next five years")
Sebi working on new ASBA-like payment system for secondary trades: Buch
Sebi's planned move could upend Rs 30,000-crore broking industry