Page 72 - Latest Updates on IPO
RR Kabel acquires Luminous' home electrical business, plans IPO in Q4 2023
Luminous' HEB consists of fans and lights and would help RR Kabel enter into the premium segment of this category
 "RR Kabel acquires Luminous' home electrical business, plans IPO in Q4 2023")
Mobility firm Chartered Speed plans Rs 600 cr IPO for fleet, EV expansion
From the current 1000-odd fleet of buses, of which roughly 5% are EVs, the firm is looking to add another 1,000-1,200 buses in the next one to one and a half years
 "Mobility firm Chartered Speed plans Rs 600 cr IPO for fleet, EV expansion")
OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm
The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities
 "OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm")
India's 'Unicorn couple' eyes first start-up IPO within a year
OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering (IPO) in six months to a year
 "India's 'Unicorn couple' eyes first start-up IPO within a year")
Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
 "Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%")
Gold Plus Glass Industry files draft papers with Sebi to launch IPO
Gold Plus Glass Industry is one of the leading float glass makers in India, with 16 per cent share of manufacturing capacity in fiscal 2021.
 "Gold Plus Glass Industry files draft papers with Sebi to launch IPO")
Market does not appreciate ambivalence: Nazara CEO Manish Agarwal
In a Q&A, he dwells on his company's journey the past one year, the gaming market in India and the company's future plans
 "Market does not appreciate ambivalence: Nazara CEO Manish Agarwal")
Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz
The firm now aims for a US listing in 2023 instead of this year, say sources. This would be the biggest consumer tech IPO in India
 "Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz")
'Will get stock grants only when m-cap crosses IPO level,' says Paytm CEO
Paytm shares declined due to volatile market conditions, says Vijay Shekhar Sharma
 "'Will get stock grants only when m-cap crosses IPO level,' says Paytm CEO")
DCX Systems files draft papers with Sebi to raise up to Rs 600 cr via IPO
The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting
Hariom Pipe Industries' IPO subscribed 7.93 times on final day
The issue, which kicked off for subscription on March 30, concluded on April 5
 "Hariom Pipe Industries' IPO subscribed 7.93 times on final day")
Hariom Pipe Industries' IPO receives 3.44 times subscription on Day 4
The issue, which kicked off for subscription on March 30, will be open till April 5
IPOs and buybacks go missing from 2021-22 disinvestment drive
The number of buybacks dropped from seven in FY21 to just one in FY22.
 "IPOs and buybacks go missing from 2021-22 disinvestment drive")
Bonds to IPOs: A hundred firms pull $45 bn of deals since war in Ukraine
These include initial public offerings, bonds or loans and acquisitions
 "Bonds to IPOs: A hundred firms pull $45 bn of deals since war in Ukraine")
KFin Tech files for Rs 2,400-cr IPO, provides exit for General Atlantic
KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms
Hariom Pipe IPO subscribed 1.9x on Day-2 on heavy retail interest
Small investor portion gets 4.7x subscription; company looks to raise Rs 130 crore in fresh capital
Vedantu on track to be 'IPO-ready' in 18-24 months
Vedantu experienced "12 times" growth on its key metrics amid the pandemic. The company now sees "hyper growth", making way for "growth" post-COVID.
 "Vedantu on track to be 'IPO-ready' in 18-24 months")
Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs
The Centre has missed its revised divestment target for the second time in three years even after slashing the target by 55 per cent to Rs 78,000 crore in the Union Budget
 "Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs")
Delhivery aims IPO for Q1 as market sentiment improves for large offerings
Offer is pegged to be around Rs 7,000 crore, rides on a positive outlook for sector
 "Delhivery aims IPO for Q1 as market sentiment improves for large offerings")
After 2021 boom, how 2022 could be a year of reckoning for Indian startups
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
 "After 2021 boom, how 2022 could be a year of reckoning for Indian startups")