Page 86 - Latest Updates on IPO
Dr Agarwals Eye Hospitals lines up Rs 1,000 cr investment, IPO in 24 months
Is expanding its footprint across the country, adding 100 eye hospitals and 500 outreach centres in three years
 "Dr Agarwals Eye Hospitals lines up Rs 1,000 cr investment, IPO in 24 months")
Four reasons why global brokerage Bernstein is bullish on IPO-bound Oyo
In the note Bernstein highlights structural drivers for the company
 "Four reasons why global brokerage Bernstein is bullish on IPO-bound Oyo")
What is an IPO and how does the process work?
What is an initial public offering (IPO)? What is the process for bringing an IPO? How to invest in IPO? How much time does it take for a company to go public? Here's a lowdown
 "What is an IPO and how does the process work?")
Shrinking price bands may trigger Sebi rule on keeping minimum 5% gap
The move is to facilitate the so-called book building process used for price discovery during IPOs
Rossari Biotech hikes prices, sees 50% jump in revenue, profit this fiscal
Rossari Biotech is expecting to close FY'22 with at least 50 per cent growth in both topline and bottomline on the back of rising demand and a substantial price hike that will help boost margins
 "Rossari Biotech hikes prices, sees 50% jump in revenue, profit this fiscal")
MobiKwik bullish on core business, buy-now-pay-later launched in May 2019
The firm currently has 22.3 mn pre-approved BNPL users and is handling over 4 mn such transactions a year. It is seeing 14x growth from a year ago
 "MobiKwik bullish on core business, buy-now-pay-later launched in May 2019")
Govt push on Air India sale slows down other privatisation proposals
Next on the Centre's priority list is listing insurance behemoth LIC
 "Govt push on Air India sale slows down other privatisation proposals")
Fino Payments Bank gets Sebi nod for initial share saleto raise Rs 1,300 cr
Markets regulator Sebi has given its nod for the initial public offering of Fino Payments Bank, which is looking to raise around Rs 1,300 crore
Volvo plans $2.9 billion IPO to fund electric vehicle transformation plans
Volvo and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm
 "Volvo plans $2.9 billion IPO to fund electric vehicle transformation plans")
LIC to file draft IPO papers with Sebi by November, says FinMin official
Once the draft red herring prospectus (DRHP) is filed, merchant bankers will hold global and domestic road shows for investors by January, the official said
 "LIC to file draft IPO papers with Sebi by November, says FinMin official")
Coal giant NTPC said to plan IPOs of three units, could raise $2 billion
The company is also looking to sell its stake in NTPC-SAIL Power Co, a joint venture with Steel Authority of India Ltd. for supplying electricity to the steelmaker's mills and townships
 "Coal giant NTPC said to plan IPOs of three units, could raise $2 billion")
Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake
In the DRHP, the firm says its app has been downloaded 100 million times and its major focus geographies are India, Malaysia, Indonesia and Europe
 "Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake")
Aditya Birla Sun Life AMC IPO subscribed 5.2x, mops up Rs 10,374 cr
Institutional investor portion subscribed 10.4 times, HNI 4.4 times and retail portion was subscribed 3.22 times
Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO
Plans to raise Rs 1,500-1,600 cr; This is the second pharmacy chain to file for IPO after Hyderabad-based MedPlus, which filed its DRHP with Sebi in August
 "Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO")
Megha Engineering and Infrastructure sees prospects in PSU disinvestments
The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML
 "Megha Engineering and Infrastructure sees prospects in PSU disinvestments")
Aditya Birla AMC IPO fully subscribed on strong retail interest
The retail portion has already been subscribed 2x, HNI by 40%, and institutional investor portion by 6%
 "Aditya Birla AMC IPO fully subscribed on strong retail interest")
Sebi ruling on DVR cheers startups, but can it stop international listings?
Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights
 "Sebi ruling on DVR cheers startups, but can it stop international listings?")
Aditya Birla Sun Life AMC IPO subscribed 56% on Day-1
A day earlier, the asset manager had allotted shares worth Rs 789 crore to anchor investors at Rs 712 apiece
Sensex ends 254 points lower, Nifty below 17,750; HDFC, RIL top drags
Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent
 "Sensex ends 254 points lower, Nifty below 17,750; HDFC, RIL top drags")
Improving business prospects, divestment make analysts bullish on PSU stks
In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses
 "Improving business prospects, divestment make analysts bullish on PSU stks")