Page 71 - Latest Updates on IPO
Rainbow Medicare subscribed 29% on Day-1 on retail interest
The multi-speciality hospital chain had allotted shares worth Rs 470 crore to anchor investors on Tuesday
 "Rainbow Medicare subscribed 29% on Day-1 on retail interest")
Veranda Learning Solutions IPO subscribed 74% on first day of offer
The initial public offering of Veranda Learning Solutions Limited received 74 per cent subscription on the first day on Tuesday
 "Veranda Learning Solutions IPO subscribed 74% on first day of offer")
Veranda Learning Solutions' Rs 200-cr IPO to open on March 29
The company has set the price band for its IPO between Rs 130-137 per share.
Veranda Learning IPO subscribed 3.5 times on Day 3
Veranda has raised Rs 200 crore in fresh capital, which will be used to repay debt and for expansion
Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE
The 20-per-cent divergence in the first day closing price exposed the chinks in the price discovery process, especially for smaller companies
 "Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE")
Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO
Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band
 "Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO")
Rainbow Children Medicare IPO opens tomorrow: Here's what analysts suggest
Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels.
 "Rainbow Children Medicare IPO opens tomorrow: Here's what analysts suggest")
Footwear shares rally upto 18% after Campus IPO opens for subscription
Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).
 "Footwear shares rally upto 18% after Campus IPO opens for subscription")
LIC board to meet Tuesday for IPO dates, issue likely opens May 4
The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion
 "LIC board to meet Tuesday for IPO dates, issue likely opens May 4")
Campus garners 37% topline from online sales in first nine months of FY22
The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the offer for sale route on Tuesday at a price band of Rs 278-292 per share
 "Campus garners 37% topline from online sales in first nine months of FY22")
Valuation of IPO-bound LIC based on global peers' m-cap, return prospects
The government believes LIC's valuation would surge, following the insurer's lisiting
 "Valuation of IPO-bound LIC based on global peers' m-cap, return prospects")
Rainbow Children's Medicare IPO to open on April 27: Check details here
The issue opens April 27 and closes April 29, anchor investors can bid on April 26
No performance riders on ESOP grants to founders of India's new-age firms
Experts question why such endowments in India's new-age companies are not comprehensively linked with performance targets
 "No performance riders on ESOP grants to founders of India's new-age firms")
Pantomath Group launches Rs 500 cr pre-IPO fund in maiden closed-end series
The fund has garnered 25% of target corpus. Simultaneous to the first closing, the fund has confirmed to have made its first investment as well
 "Pantomath Group launches Rs 500 cr pre-IPO fund in maiden closed-end series")
Godavari Biorefineries says will launch over Rs 700-cr IPO 'at right time'
Godavari Biorefineries Ltd CEO and Managing Director Samir Somaiya told PTI that the company has already received the market regulator Sebi's final approval for its initial public offering (IPO)
Campus shoes IPO expected to hit in May; company to expand distribution
Campus Activewear plans to expand its distribution network and deepen its footprints in western and southern regions
Jewellery retailer Senco Gold files Rs 525-cr IPO papers with Sebi
Jewellery retailer Senco Gold Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 525 crore through an initial public offering (IPO).
 "Jewellery retailer Senco Gold files Rs 525-cr IPO papers with Sebi")
Jewellery retail chain Senco plans Rs 525-cr IPO, files DRHP with SEBI
Its revenue from operations grew at a CAGR of 9.92% from Rs 2420 crore as of March 31, 2020 to Rs 2660 crore as of March 31 2021, the document said
Govt shortlists up to 60 anchor investors for LIC's share sale
Price discovery estimates insurer's value at around Rs 7 trillion
 "Govt shortlists up to 60 anchor investors for LIC's share sale")
Hariom Pipe surges 50% on debut, ends at Rs 231 vs offer price of Rs 153
The Harini Pipe stock was locked in the 5 per cent upper circuit on both exchanges
 "Hariom Pipe surges 50% on debut, ends at Rs 231 vs offer price of Rs 153")