Page 91 - Latest Updates on IPO
IPO frenzy: 24 stocks that more than doubled your money in two years
Given the subscription levels of some of the recent IPOs, analysts have started to be cautious and suggest investors do not subscribe to every IPO that hits the Street
 "IPO frenzy: 24 stocks that more than doubled your money in two years")
India rupee hits 6-week top on IPO inflows, record-high stocks
The partially convertible rupee was at 74.17/18 per dollar, as of 0805 GMT, after touching 74.0925 earlier, its strongest since June 22.
 "India rupee hits 6-week top on IPO inflows, record-high stocks")
Should you bid for loss-making Devyani International's Rs 1,800 crore IPO?
At the upper end of the price band, Devyani is offered at 9.5x market capitalisation/sales as per FY21 financial statement, compared to peers like Jubilant Foodworks (15x), Westlife Development (8.8x)
 "Should you bid for loss-making Devyani International's Rs 1,800 crore IPO?")
Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity
Promoters and investors selling shares via OFS upto 43.1 million
 "Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity")
Adani Wilmar files draft papers for Rs 4,500 crore-IPO with Sebi
Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore.
 "Adani Wilmar files draft papers for Rs 4,500 crore-IPO with Sebi")
Zomato's slim ad-spend sets marketing benchmark for firms seeking to list
Despite the frugal ad spends, Zomato's IPO managed to generate bids worth Rs 2.1 trillion
 "Zomato's slim ad-spend sets marketing benchmark for firms seeking to list")
5 pharma/healthcare IPOs to raise over Rs 8,000 cr this month
Riding on huge investor interest in the healthcare sector, five pharma companies are tapping the initial public offering (IPO) market over the next couple of weeks to raise over Rs 8,000 crore.
 "5 pharma/healthcare IPOs to raise over Rs 8,000 cr this month")
NSE seeks Sebi's go-ahead for IPO amid mounting pressure from shareholders
Sources said the market regulator is yet to give a go-ahead to the exchange
 "NSE seeks Sebi's go-ahead for IPO amid mounting pressure from shareholders")
Anil Agarwal's Sterlite Power Transmission hires two banks for IPO
The IPO will mainly consist of new shares, and more bankers may be added as plans progress
 "Anil Agarwal's Sterlite Power Transmission hires two banks for IPO")
US regulators step up scrutiny of IPO hopefuls from China before listing
Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before US regulators will allow them to list their stock
 "US regulators step up scrutiny of IPO hopefuls from China before listing")
KFC, Pizza Hut brand operator eyes Rs 10,823 cr valuation in IPO
Ravi Kant Jaipuria-promoted Devyani International prices its IPO between Rs 86-90
 "KFC, Pizza Hut brand operator eyes Rs 10,823 cr valuation in IPO")
Glenmark Life's Rs 1,500 cr IPO subscribed 45x on strong HNI interest
Rolex Rings subscribed 9.3 times a day before close
Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year
Issue price was Rs 903 per share, IPO had garnered 180x subscription
 "Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year")
Post-IPO, promoter family of Nykaa to continue holding 51% stake
The company has followed an inventory-led model so that the authenticity of the quality of brands was assured
 "Post-IPO, promoter family of Nykaa to continue holding 51% stake")
Centre divests 8% in Hudco, Glenmark Life subscribed 4x on penultimate day
Rolex Rings subscribed 3.5 times on Day-1, Tatva Chintan to list on Thursday
JSW Cement to raise up to Rs 1,500 crore from two global equity investors
Deal structured as a PE deal with compulsorily convertible preference shares issued to the investors; conversion into equity will be based on performance and valuation at the time of IPO
 "JSW Cement to raise up to Rs 1,500 crore from two global equity investors")
Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr
The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.
 "Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr")
Online brokerage Robinhood's meme stock status fuels IPO uncertainty
The trading app's monthly active users surged from 11.7 million at the end of December to 21.3 million as of the end of June
 "Online brokerage Robinhood's meme stock status fuels IPO uncertainty")
Zomato aside, Few loss making firms had post-IPO gains in past 10 years
While 51% of profit-making companies had positive returns one year after IPO, for companies that bore losses in at least one in the previous three years, the proportion was 30%
Zomato IPO has busted myths on startup listings: Info Edge's Bikhchandani
Bikhchandani wrote Zomato's first cheque of Rs 4.7 crore in 2010 and was its only investor in the first four funding rounds.
 "Zomato IPO has busted myths on startup listings: Info Edge's Bikhchandani")