Page 92 - Latest Updates on IPO
Expert panel examining feasibility to introduce SPACs in India: Sebi chief
SPACs or blank cheque companies are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
 "Expert panel examining feasibility to introduce SPACs in India: Sebi chief")
Glenmark Life IPO subscribed 2.8x on Day-1 on strong retail interest
The wholly-owned subsidiary of Glenmark Pharma is issuing Rs 1,060 cr fresh equity and offer for sale of 6.3 million shares worth Rs 453.6 crore
 "Glenmark Life IPO subscribed 2.8x on Day-1 on strong retail interest")
Rolex Rings prices IPO between Rs 880-900 per share; issue opens July 28
The offer comprises a fresh issue of Rs 56 crore and an offer for sale of shares worth Rs 675 crore.
 "Rolex Rings prices IPO between Rs 880-900 per share; issue opens July 28")
Zomato listing: An Infosys moment?
The flood of money gushing into start-ups is a seminal moment for the markets, even if all this new capital is burned
 "Zomato listing: An Infosys moment?")
Zomato listing to provide shot in the arm to startup ecosystem
Market players say strong stock market debut will prompt VC and PE firms to back more domestic startups, apart from motivating more unicorns to resist the temptation to list in the US
 "Zomato listing to provide shot in the arm to startup ecosystem")
At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India
On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India
 "At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India")
Zomato's $1.3 bn IPO to test appetite for India's new tech generation
Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated
 "Zomato's $1.3 bn IPO to test appetite for India's new tech generation")
Zomato to make stock market debut on Friday, four days ahead of schedule
Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline
 "Zomato to make stock market debut on Friday, four days ahead of schedule")
Glenmark Life Sciences to open July 27 with 6.3 mn shares on sale
Anand Rathi Wealth files DRHP with Sebi, IPO will be pure offer for sale
Tatva Chintan Pharma IPO is second-most subscribed this year at 180 times
Is second only to MTAR Tech; Tatva's 3.26-million share offering garnered bids for 588 million shares, generating demand worth Rs 63,713 crore
 "Tatva Chintan Pharma IPO is second-most subscribed this year at 180 times")
Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report
The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.
 "Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report")
Nuvoco Vistas gets Sebi approval to raise Rs 5,000 crore through IPO
Nuvoco Vistas Corporation Ltd, part of the Nirma Group, has received capital markets regulator Sebi's go-ahead to raise Rs 5,000 crore through an initial share sale.
BPCL disinvestment process slows down due to pandemic, LIC IPO: Report
The disposal may only take place as soon as early next year rather than in 2020, one of the people said, asking not to be identified as the matter is private
 "BPCL disinvestment process slows down due to pandemic, LIC IPO: Report")
Govt plans to complete LIC IPO in current fiscal, says B K Karad
The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for Finance Bhagwat Kishanrao Karad said on Monday.
 "Govt plans to complete LIC IPO in current fiscal, says B K Karad")
GR Infraprojects makes stellar debut, lists at 103% premium
The stock more-than-doubled to list at Rs 1,700 over its issue price of Rs 837 per share on the BSE
 "GR Infraprojects makes stellar debut, lists at 103% premium")
In IPO season, rupee caught in the middle of global and local pull
Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.
 "In IPO season, rupee caught in the middle of global and local pull")
Goenka's latest swipe at Zomato fuels debate on bumper IPO despite losses
As RPG Enterprises Chairman Harsh Goenka again took to Twitter to take a swipe at Zomato's mega IPO despite platform running into losses, an online debate has erupted
 "Goenka's latest swipe at Zomato fuels debate on bumper IPO despite losses")
Street signs: Traders eye 16K on Nifty50, Tatva Chintan's GMP at 60% & more
Analysts say, performance of the banking stocks would remain key if the market has to climb higher
 "Street signs: Traders eye 16K on Nifty50, Tatva Chintan's GMP at 60% & more")
Flush with unicorns, India's tech moment to overtake China arrives
India had $6.3 billion of deals for technology startups in the second quarter, while funding to China-based companies dropped 18% from a peak of $27.7 billion in fourth quarter
Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos
Business Standard brings to you the top headlines on Saturday
 "Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos")