Page 90 - Latest Updates on IPO
Windlas Biotech off to a weak start, lists at 5% discount to issue price
The stock listed at Rs 437, 5 per cent below its issue price of Rs 460 on the NSE
 "Windlas Biotech off to a weak start, lists at 5% discount to issue price")
Go Fashion files IPO papers with Sebi, plans to raise Rs 125 cr
The IPO comprises fresh issue of equity shares worth up to Rs 125 crore and an offer-for-sale of up to 12,878,389 equity shares by promoter and existing shareholders, as per draft red herring prospect
 "Go Fashion files IPO papers with Sebi, plans to raise Rs 125 cr")
Inspira Enterprise files draft papers with Sebi to raise Rs 800-cr via IPO
The initial share-sale consists of fresh issuance of equity shares to the tune of Rs 300 crore and an offer of sale of of equity shares worth Rs 500 crore by Prakash Jain, Manjula Jain Family Trust
Market intelligence platform Tracxn Technologies files IPO papers with Sebi
Private Market Intelligence Platform Tracxn Technologies has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).
 "Market intelligence platform Tracxn Technologies files IPO papers with Sebi")
CarTrade IPO fully subscribed; Nuvoco, Aptus Chemplast 16-30%
CarTrade Tech fully subscribed, Nuvoco Vistas Corporation subscribed 30 per cent, while Aptus Value Housing and Chemplast Sanmar subscribed 24 per cent and 16 per cent respectively
 "CarTrade IPO fully subscribed; Nuvoco, Aptus Chemplast 16-30%")
A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son
Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn
 "A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son")
Chemplast Sanmar IPO: Should you bet on a company with negative net worth?
Chemplast Sanmar IPO: Sustainability of financial performance and strong cash flow would be the key catalyst for valuation re-rating, say analysts
 "Chemplast Sanmar IPO: Should you bet on a company with negative net worth?")
Strong financials vs pricey valuations: Should you bid for Aptus Value IPO?
Aptus Value IPO: Aptus is an entirely retail-focused housing finance company (HFC) in India, which primarily serves low-and-middle-income self-employed customers in rural and semi-urban markets
 "Strong financials vs pricey valuations: Should you bid for Aptus Value IPO?")
CarTrade IPO subscribed 41% on Day-1 on strong retail interest
The bulk of the bids came from retail investors
 "CarTrade IPO subscribed 41% on Day-1 on strong retail interest")
Nuvoco Vistas IPO: Analysts' take, grey market trend & all you need to know
Nuvoco Vistas IPO: Despite healthy operational performance, higher depreciation and interest cost have led to an inconsistent performance at the PAT level for Nuvovo Vista
 "Nuvoco Vistas IPO: Analysts' take, grey market trend & all you need to know")
Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest
The Rs 731-crore IPO generated bids worth Rs 66,744 crore
 "Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest")
Rolex Rings makes strong debut, lists at 39% premium over issue price
Rolex Rings listed at Rs 1,250 as against issue price of Rs 900 per share on the NSE
 "Rolex Rings makes strong debut, lists at 39% premium over issue price")
Call for clarity: Investors reach govt door, seek LIC IPO details
Investors have been keen to know the embedded value of India's largest insurer, and the value of new businesses, which are yet to be determined
 "Call for clarity: Investors reach govt door, seek LIC IPO details")
Why it is not so easy for a retail investor to make money in an IPO
Allotment could be low, and expected listing-day gains can quickly morph into losses if sentiment takes a turn for the worse
 "Why it is not so easy for a retail investor to make money in an IPO")
Sebi halves the post-IPO lock-in period for promoters to 18 months
Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)
 "Sebi halves the post-IPO lock-in period for promoters to 18 months")
Heavy retail rush for 4 IPOs puts banking system under pressure
According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages
 "Heavy retail rush for 4 IPOs puts banking system under pressure")
China set to impose $1-billion fine on Meituan over antitrust issues
Firm asked to revamp operations and end exclusivity pacts with some merchants
 "China set to impose $1-billion fine on Meituan over antitrust issues")
Windlas Biotech IPO oversubscribed 22.46 times on closing day
The Rs 401.53-crore offer had a price range of Rs 448-460 per share
 "Windlas Biotech IPO oversubscribed 22.46 times on closing day")
Sebi board decides to reduce minimum lock-in period for promoters post IPO
The market regulator reduced the lock-in period to 18 months from 3 years under some conditions
Chemplast Sanmar IPO to open on Aug 10; price band fixed at Rs 530-541
The company aims to raise Rs 3,850 crore through the IPO, which will include Rs 1,300 crore fresh issue and offer for sale up to Rs 2,550 crore by promoters