Page 70 - Latest Updates on IPO
Sebi proposes confidential 'pre-filing' of IPO documents to safeguard info
Sebi is seeking comments from the public on its new proposal by June 6
 "Sebi proposes confidential 'pre-filing' of IPO documents to safeguard info")
Venus Pipes IPO fully subscribed within first few hours of opening
The category meant for retail investors received 2.59 times subscription, while the portion for non-institutional investors got subscribed 34% and QIBs 30%
 "Venus Pipes IPO fully subscribed within first few hours of opening")
Delhivery IPO opens today. Should you invest? What brokerages say
Major risks to the operating model of the logistics player include its heavy reliance on e-commerce, despite diversifying into other industry verticals, analysts say
 "Delhivery IPO opens today. Should you invest? What brokerages say")
Prudent Corporate IPO subscribed 36% on Day-1 on retail interest
The retail investor portion was subscribed 71%. A day earlier, form allotted shares worth Rs 160 cr to anchor investors
 "Prudent Corporate IPO subscribed 36% on Day-1 on retail interest")
Venus Pipes raises Rs 50 cr from anchor investors, allots 1.52 mn shares
Deal done at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments
 "Venus Pipes raises Rs 50 cr from anchor investors, allots 1.52 mn shares")
Rainbow Medicare slumps 17% on debut in worst IPO listing in CY22 so far
Stock end at Rs 450, Rs 92 below issue price of Rs 542 a share
 "Rainbow Medicare slumps 17% on debut in worst IPO listing in CY22 so far")
Campus Activewear stock soars 29% on debut, ends the day with 27% gains
The stock ended at Rs 371.7, with a gain of Rs 79.7 over the issue price of Rs 292 per share
 "Campus Activewear stock soars 29% on debut, ends the day with 27% gains")
LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey
The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said
 "LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey")
Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings
Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes
 "Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings")
Delhivery's Rs 5,235-cr IPO to open on May 11; price band set at Rs 462-487
Logistics company's anchor allotment on May 10 will demonstrate interest among investors for tech startups, say experts.
 "Delhivery's Rs 5,235-cr IPO to open on May 11; price band set at Rs 462-487")
LIC IPO fully subscribed on day 2 of opening; offer closes on May 9
Sees participation from 3.6 mn individual investors; policyholders lead
 "LIC IPO fully subscribed on day 2 of opening; offer closes on May 9")
Prudent Corporate Advisory Services fixes IPO price at Rs 595-630 per share
The three-day initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company
 "Prudent Corporate Advisory Services fixes IPO price at Rs 595-630 per share")
Positive start: LIC's mega share sale subscribed 67% on first day
Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
 "Positive start: LIC's mega share sale subscribed 67% on first day")
LIC IPO opens today. Should you subscribe? What brokerages suggest
While LIC policyholders are entitled to Rs 60 discount over the issue price, the retail investors will be offered the issue at a discount of Rs 45 per equity share
 "LIC IPO opens today. Should you subscribe? What brokerages suggest")
LIC's $2.7-billion IPO set to be the fifth-biggest globally in CY22
Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's)
 "LIC's $2.7-billion IPO set to be the fifth-biggest globally in CY22")
Rainbow Children's Medicare's IPO subscribed 12.4x on institutional push
Institutional demand for IPOs of both Rainbow Medicare and Campus Activewear, which closed this week, have been strong. Experts say this is a healthy sign for LIC's IPO, which opens next week
Rainbow Medicare IPO subscribed 55% on second day of issue
The institutional portion was subscribed by 10 per cent, the retail investor portion by 82 per cent
Campus Activewear IPO subscribed 51.75 times as brokerages recommend buy
The company had fixed a price band of Rs 278-292 per share in the IPO
LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion
Valuation fair and attractive; won't dilute stake for a year: Govt
 "LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion")
Campus Activewear subscribed 3.2x on day-2 in HNI, retail interest
Wealthy investor portion subscribed 5.6 times, retail by 3.9 times, and the portion reserved for employees by 1.4 times. The institutional portion was subscribed 13%