Page 88 - Latest Updates on IPO
Paras Defence's Rs 171 cr IPO opens Sept 21, price band Rs 165-175
At the top-end, Paras Defence will have a market capitalisation of Rs 683 crore on a post-diluted basis
 "Paras Defence's Rs 171 cr IPO opens Sept 21, price band Rs 165-175")
Sansera Engineering IPO subscribed 11.5x, gets bids worth over Rs 10,000 cr
Sansera's IPO was entirely an offer for sale worth Rs 1,283 crore. At the top-end of the price band, the company's market cap translates to Rs 3,823 crore
 "Sansera Engineering IPO subscribed 11.5x, gets bids worth over Rs 10,000 cr")
Paras Defence IPO to open on Sep 21; sets price band at Rs 165-175/share
Paras Defence and Space Technologies on Thursday said it has fixed a price band of Rs 165-175 a share for its Rs 171-crore initial share sale.
Indian law firms reluctant to advise on mega LIC IPO: Report
LIC's huge size, complexity a deterrent and poor govt fee for law firms another dampener, say law firms
 "Indian law firms reluctant to advise on mega LIC IPO: Report")
Sansera Engineering IPO fully subscribed, issue closes on Thursday
Issue priced at Rs 734-744 a share, is entirely an offer for sale worth Rs 1,283 crore
Govt seeks $109-bn valuation for LIC's mega IPO: Report
Modi govt is pushing ahead with LIC's IPO to help plug a widening budget gap as it aims to raise Rs 1.75 trillion by March through divestments
 "Govt seeks $109-bn valuation for LIC's mega IPO: Report")
More Paytm employees convert ESOPs to shares after shareholders' approval
An additional 40 current and former employees of Paytm have converted their ESOP grants to shares for monetising them in its upcoming Rs 16,600 crore IPO, the digital payments firm said
 "More Paytm employees convert ESOPs to shares after shareholders' approval")
IPO-bound Oyo to become public limited company: Check details here
The company intends to list its equity shares on one or more stock exchanges to enable shareholders with a formal marketplace for dealing with equity shares
 "IPO-bound Oyo to become public limited company: Check details here")
Sensex ends 235 pts off day's high, up 69 pts; ZEEL surges 40% ahead of AGM
Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent
 "Sensex ends 235 pts off day's high, up 69 pts; ZEEL surges 40% ahead of AGM")
LIC IPO: Govt amends fee structure for legal advisors after failed attempt
DIPAM introduces "milestone payments" in RFP; the legal advisors were earlier supposed to get their fee "after successful and satisfactory completion of the transaction"
Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months
The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure
 "Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months")
Udaan names co-founder Vaibhav Gupta as CEO, plans IPO in 18-24 months
The B2B e-commerce platform looks at becoming a publicly listed entity in the next 18-24 months.
Four recently listed IPO stocks dip ahead of anchor lock-in expiry
The 30-day lock-in period for anchor investors ends on Monday for all the four companies
 "Four recently listed IPO stocks dip ahead of anchor lock-in expiry")
Byju's in talks to raise up to $600 million ahead of IPO next year
The Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion
 "Byju's in talks to raise up to $600 million ahead of IPO next year")
LIC IPO bankers quote base fee of Rs 1 crore: Check details here
10 investment banks to divide fee pool; opt to go out-of-pocket
 "LIC IPO bankers quote base fee of Rs 1 crore: Check details here")
Info Edge hits record high on healthy outlook & likely Policybazaar IPO
The company expects that in the post-COVID-19 environment there will be faster absorption of internet-based activities in the domains where it operates
 "Info Edge hits record high on healthy outlook & likely Policybazaar IPO")
Oyo in talks with investment banks for managing its $1.5-bn IPO: Sources
SoftBank-backed Oyo is eyeing valuation range of $14 bn-$16 bn, say sources close to the development
 "Oyo in talks with investment banks for managing its $1.5-bn IPO: Sources")
Govt appoints 10 merchant bankers for managing mega LIC IPO
The bankers include Goldman Sachs (India) Securities, Citigroup Global Markets India, BofA Securities, JP Morgan India
IPO-bound OYO increases authorised share capital to Rs 901 crore
The development comes ahead of proposed initial public offering by OYO, for which a draft red herring prospectus is likely to be filed in the next few months
LIC IPO could result in job losses, social spending, trade union warns
The sale, which is set to be the country's biggest, could value the company at as much as $261 billion, surpassing Reliance Industries Ltd.
 "LIC IPO could result in job losses, social spending, trade union warns")