Page 89 - Latest Updates on IPO
Top headlines: India works on multi-variant vax; Tesla plans India sales
Business Standard brings you the top headlines of the day
 "Top headlines: India works on multi-variant vax; Tesla plans India sales")
Govt plans WAPCOS initial public offering by March, says official
The government is also in the process of selling up to 25 per cent stake in National Seeds Corporation (NSC) through IPO
 "Govt plans WAPCOS initial public offering by March, says official")
Ami Organics IPO subscribed 64.5x, Vijaya 4.5x
The average applications for IPOs in July stood at 2.6 million, while that in August was about a million, said bankers.
 "Ami Organics IPO subscribed 64.5x, Vijaya 4.5x")
Snapdeal plans $350-400 million IPO, eyes valuation of up to $2.5 billion
Recently, Snapdeal said it saw huge traction in the sale of kids' apparel, a jump of 493 per cent in the sixth month period between January and July
 "Snapdeal plans $350-400 million IPO, eyes valuation of up to $2.5 billion")
Ami Organics IPO subscribed 64.54 times on closing day of subscription
The initial public offer of specialty chemicals maker Ami Organics was subscribed 64.54 times on the closing day of subscription on Friday
 "Ami Organics IPO subscribed 64.54 times on closing day of subscription")
Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
 "Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%")
Ami Organics IPO subscribed 5x, Vijaya Diagnostic 0.5x on Day-2
Ami is a pharma-focused specialty chemicals firm; Vijaya Diagnostic is among the largest diagnostic chains in southern India
 "Ami Organics IPO subscribed 5x, Vijaya Diagnostic 0.5x on Day-2")
LIC IPO: Govt floats fresh RFP for legal adviser as law firms shy away
In new tender, DIPAM specifies three-year time limit for validity of the financial bids
 "LIC IPO: Govt floats fresh RFP for legal adviser as law firms shy away")
Ami Organics IPO subscribed 1.9x, Vijaya Diagnostic 0.3x on Day-1
While Ami is a pharma-focused specialty chemicals firm, Vijaya Diagnostic is among the largest diagnostic chains in southern India
 "Ami Organics IPO subscribed 1.9x, Vijaya Diagnostic 0.3x on Day-1")
Vijaya Diagnostic IPO: Why brokerages suggest subscribing to the issue
The diagnostic market in Telangana and Andhra Pradesh, Vijaya's strong base, is projected to grow to Rs 12,000 - 13,000 crore by FY13, reports suggest
 "Vijaya Diagnostic IPO: Why brokerages suggest subscribing to the issue")
Ami Organics' Rs 570 crore IPO kicks off: Should you apply?
At the higher price band of Rs 610, Ami Organics is demanding a P/E multiple of 41.2x (to its FY21 EPS of Rs 14.8), which is at discount to the peer average of 48.3x
 "Ami Organics' Rs 570 crore IPO kicks off: Should you apply?")
Homegrown firm MapmyIndia files draft papers for IPO with Sebi
MapmyIndia, which powers Apple maps in India, has filed draft papers with the domestic market regulator for an initial public offering
 "Homegrown firm MapmyIndia files draft papers for IPO with Sebi")
August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers
Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept
 "August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers")
Rupee continues to rise on Fed Chair Powell's take on taper
Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies
 "Rupee continues to rise on Fed Chair Powell's take on taper")
Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show
The stock has 219 per cent against its issue price of Rs 130 per share
 "Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show")
166 current and former employees of Paytm convert ESOPs to shares
IPO-bound Paytm has one of the largest ESOP pools in the startup ecosystem, and has given out ESOPs as rewards and benefits to employees, who have contributed to the growth of the company
 "166 current and former employees of Paytm convert ESOPs to shares")
Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Almost 52 per cent of IPO investors sold shares on the listing day while another 20 per cent sold the allotted shares within the first week of listing, an analysis by Motilal Oswal Financial Services.
RateGain Travel files draft papers with Sebi to raise funds via IPO
RateGain is among the leading distribution technology companies globally and the largest Software as a Service (SaaS) company in the hospitality and travel industry in India
 "RateGain Travel files draft papers with Sebi to raise funds via IPO")
MedPlus Health Services files Rs 1,639 cr IPO papers with Sebi
Pharmacy retail chain MedPlus Health Services has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,639 crore through an initial share-sale
Devyani Int'l makes strong debut, lists at 57% premium over issue price
The stock listed at Rs 141, a 57 per cent per cent premium over the issue price of Rs 90 per share on the BSE and the NSE
 "Devyani Int'l makes strong debut, lists at 57% premium over issue price")