Page 68 - Latest Updates on IPO
Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers
Nandan Terry, part of the Chiripal group, has decided to withdraw its Rs 255-crore initial public offering (IPO).
 "Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers")
Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO
The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars
 "Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO")
For the Modi government disinvestment hasn't been about earning money
The Modi government has earned twice as much from disinvestment as all previous governments combined have since 1991
At 1.27 lakh, OYO sees highest daily bookings in May as travel surge builds
Yatra, Booking.com, Ixigo also see business uptick as travel picks up
 "At 1.27 lakh, OYO sees highest daily bookings in May as travel surge builds")
Alibaba's stock slips as big hopes on Ant IPO revival quickly fade
Shares of the e-commerce giant shot up as much as 7% earlier after a Bloomberg News report that China's financial regulators have established a team to assess the fintech giant's share sale plans.
 "Alibaba's stock slips as big hopes on Ant IPO revival quickly fade")
Start-up leaders reap pre-IPO windfall, never mind post-listing fate
Delhivery, Paytm, Zomato, Policybazaar saw a sharp spike in the packages of 'key management personnel' in the year they filed their RHP
 "Start-up leaders reap pre-IPO windfall, never mind post-listing fate")
Sebi clears decks for IPO of 100-year-old lender Tamilnad Mercantile Bank
It's a fresh issue-cum-OFS; Axis Capital, Motilal Oswal Investment Advisors and SBI Capital Markets are book running lead managers
 "Sebi clears decks for IPO of 100-year-old lender Tamilnad Mercantile Bank")
Tuticorin-based Tamilnad Mercantile Bank gets Sebi's nod to float IPO
Going by the draft papers, the bank proposes to utilise the net proceeds from the fresh issue towards augmenting its Tier-I capital base to meet its future capital requirement
 "Tuticorin-based Tamilnad Mercantile Bank gets Sebi's nod to float IPO")
Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round
Says that isn't a good thing as an IPO comes with great responsibilities; points to pressure from VCs as a reason for IPO move by companies
 "Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round")
Street signs: More steam left in mkt, hospitality sector revival, and more
Hotel stocks are back in investor good books, with occupancies returning to pre-pandemic levels
 "Street signs: More steam left in mkt, hospitality sector revival, and more")
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report
 "MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report")
Flipkart promotes several leaders as it gears up for IPO and US listing
These leaders have been instrumental in delivering impact and creating long-term value for the e-commerce giant
 "Flipkart promotes several leaders as it gears up for IPO and US listing")
Centre garners Rs 471 crore from stake sale in Paradeep Phosphates
The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23
 "Centre garners Rs 471 crore from stake sale in Paradeep Phosphates")
Ethos shares sink 9% over issue price on debut, 1.1 mn shares change hands
The poor listing day performance follows lukewarm response to the company's IPO, which had managed to scrape through with just 1.03% subscription
 "Ethos shares sink 9% over issue price on debut, 1.1 mn shares change hands")
IPO subscriptions: Process only money-backed ASBA applications, says Sebi
Latest directive follows instances during LIC's IPO where certain applications had to be cancelled as they didn't have sufficient funds in bank accounts
 "IPO subscriptions: Process only money-backed ASBA applications, says Sebi")
Investment bankers ride on record IPOs in FY22 to mint bumper pay
Bonuses in FY22 ranged from 100 to 200% of annual pay
 "Investment bankers ride on record IPOs in FY22 to mint bumper pay")
Aether Industries' IPO subscribed 6.3 times on final day of offer
Aether's Rs 808-crore offering capped a busy month for IPOs, which saw a cumulative mop up of Rs 30,140 crore by eight companies
Aether Ind IPO subscribed 49% a day before close on sparse overall interest
None of the three investor categories completes quota, with HNI interest being the dullest at 16%
eMudhra IPO subscribed 96% on day 2, issue subscribed 1.7 times
The IPO comprises Rs 200 crore fresh fund raise and Rs 213 crore secondary share sale.
Street signs: Traders eye a Nifty breakout, Aether Industries stock & more
Technical analysts say last week's trading range will act as good support and resistance and the next big directional move will depend on which side the index breaks out
 "Street signs: Traders eye a Nifty breakout, Aether Industries stock & more")