Page 69 - Latest Updates on IPO
HNI interest sees Ethos IPO scrape through with just 1.03x subscription
Retail investor portion subscribed 82%, HNI was covered 1.48x and institutional investor category received 1.06x subscription
 "HNI interest sees Ethos IPO scrape through with just 1.03x subscription")
Prudent Corporate falls 6% below its issue price despite decent listing
The stock hit an intra-day low of Rs 594.25, down 6 per cent from its issue price.
Paradeep Phosphates IPO scrapes through on Day 3; issue subscribed 1.75x
The retail investor portion of the issue was subscribed 1.37 times, HNI portion was covered 82% and institutional investor category saw three times subscription
Aether Industries' Rs 808-cr IPO to open May 24; price band at Rs 610-642
Proceeds from the fresh issuance will be used to fund the speciality chemicals company's capex requirements for the proposed new project in Surat, fund working capital requirements and to pay debt
Paradeep Phosphates IPO subscribed 51% day before close on retail interest
Retail investor portion subscribed 91%, HNI 20%; institutional investor category received negligible bids
 "Paradeep Phosphates IPO subscribed 51% day before close on retail interest")
Luxury watch player Ethos IPO to open on May 18; price band Rs 836-878
Proceeds from the fresh issuance will be utilised for repayment of debt, funding working capital requirements, opening new stores and general corporate purposes
 "Luxury watch player Ethos IPO to open on May 18; price band Rs 836-878")
Go First plans IPO of up to Rs 3,600 cr by July after deferring for months
The airline plans to increase daily flights, add 10 new aircraft by March 2023
 "Go First plans IPO of up to Rs 3,600 cr by July after deferring for months")
Will govt's divestment enter slow lane after LIC's weak debut?
LIC started its journey at secondary markets on a weak note. While analysts are unperturbed with the stock performance, take a dive into what LIC's weak debut means for this year's divestment target
 "Will govt's divestment enter slow lane after LIC's weak debut?")
Saudi Aramco weighs IPO of trading unit amid oil boom, says report
The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than $30 billion.
 "Saudi Aramco weighs IPO of trading unit amid oil boom, says report")
LIC IPO: How India's biggest public offering ended in a downbeat debut
By Aftab Ahmed and Nupur Anand
 "LIC IPO: How India's biggest public offering ended in a downbeat debut")
Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation
The edtech major has raised about $4.5 billion since it was founded 10 years ago
 "Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation")
Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn
In June 2021, Byju's became India's most valuable unicorn
 "Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn")
LIC to list on bourses today: Check share price and other details
LIC IPO closed on May 9 and shares were allocated to bidders on May 12
 "LIC to list on bourses today: Check share price and other details")
eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20
Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO).
 "eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20")
Delhivery IPO subscribed 1.63x on QIB support, Venus Pipes subscribed 16.3x
The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book
Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
 "Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%")
Prudent Corporate Advisory's IPO scrapes through with 1.22x subscription
The institutional investor portion of the issue was subscribed 1.26 times, high-networth individual portion 99 per cent and retail portion 1.3 times
 "Prudent Corporate Advisory's IPO scrapes through with 1.22x subscription")
Staffing firm FirstMeridian files papers for Rs 800-cr IPO with Sebi
The Bangalore-based HR services platform plans to raise Rs 50 crore in fresh capital through the IPO and the remaining Rs 750 crore will be an offer for sale by existing shareholders
Delhivery IPO subscribed 23%; Venus Pipes sees 4.4 times subscription
Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year
Grocery delivery firm Instacart marches to IPO despite stock market turmoil
The company has confidentially filed documents with the Securities and Exchange Commission to start the process for a stock market listing
 "Grocery delivery firm Instacart marches to IPO despite stock market turmoil")