Page 96 - Latest Updates on IPO
Dodla Dairy IPO: Should you subscribe to the issue?
The IPO, analysts said, is valued at 16.5 times FY21 earnings and looks reasonable compared with peers, although some concerns on the earnings growth front linger
 "Dodla Dairy IPO: Should you subscribe to the issue?")
Shyam Metalics' IPO fully subscribed 3.65 times, Sona BLW 27% on Day 2
Shyam Metallics has been priced between Rs 303 to 306 per share while Sona BLW has priced its IPO between Rs. 285 - Rs. 291 per share.
 "Shyam Metalics' IPO fully subscribed 3.65 times, Sona BLW 27% on Day 2")
Ruchi Soya buys biscuits, noodles unit from Patanjali for Rs 65 cr
Ruchi Soya to use FPO fund to repay debt
 "Ruchi Soya buys biscuits, noodles unit from Patanjali for Rs 65 cr")
Anupam Rasayan clears debt worth Rs 530 cr from recent IPO proceeds
Anupam Rasayan has repaid debt worth Rs 530 crore from the net proceeds of its recently completed initial public offering and will clear an additional Rs 30 crore debt by next quarter
 "Anupam Rasayan clears debt worth Rs 530 cr from recent IPO proceeds")
Sona Comstar IPO: Should you subscribe to the issue?
The issue consists of a fresh sale of Rs 300 crore and an offer for sale (OFS) worth Rs 5,250 crore, of shares held by Singapore Topco, an affiliate of the Blackstone group
 "Sona Comstar IPO: Should you subscribe to the issue?")
Shyam Metalics IPO: Growth outlook outweighs valuation concern, say experts
The nearly two decade old company has opened its three-day public offer (between June 14 and 16) at a price band of Rs 303-306 per share
 "Shyam Metalics IPO: Growth outlook outweighs valuation concern, say experts")
IPO buzz on the Street as dozen finserv players line up Rs 55,000 cr issues
As Paytm board reportedly approving a share sale plan running north of Rs 22,000 crore,IPO market is set for a big days as over a dozen finserv players are set to mop up over Rs 55,000 cr this fiscal
 "IPO buzz on the Street as dozen finserv players line up Rs 55,000 cr issues")
Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing
Didi, one of the largest investments in SoftBank Group Corp.'s portfolio, accelerated its listing plans after its business rebounded as the coronavirus pandemic ebbed in China.
 "Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing")
After muted debut, shares of this travel company are up 100% in a month
Easy Trip Planners have rallied 127% in the past one month on anticipation that pent up demand would boost the travel and tourism segment
 "After muted debut, shares of this travel company are up 100% in a month")
LG Energy moves ahead on South Korea IPO that IFR says may raise $10-$12 bn
LG Energy and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size
 "LG Energy moves ahead on South Korea IPO that IFR says may raise $10-$12 bn")
Zomato names Chief People Officer Akriti Chopra as co-founder ahead of IPO
Not the first time Zomato has made an exec a co-founder; Mohit Gupta, CEO of food delivery business and Gaurav Gupta, COO, were so named earlier
 "Zomato names Chief People Officer Akriti Chopra as co-founder ahead of IPO")
Auto parts supplier Sona Comstar to launch Rs 5,550-crore IPO next week
Price band at Rs 285-291 a share; fresh sale of Rs 300 cr and OFS worth Rs 5,250 crore, of shares held by Singapore Topco, Blackstone affiliate
Two-month IPO drought set to end with Shyam Metalics Rs 909 cr offer
Steelmaker prunes size issue by 18%, to launch IPO next week
 "Two-month IPO drought set to end with Shyam Metalics Rs 909 cr offer")
Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources
IPO will foster public and institutional investors' trust, and seal the company's position as India's largest fintech player
 "Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources")
Shyam Metalics sets price band at Rs 303-306 for Rs 909 crore-IPO
Integrated metal producing company Shyam Metalics and Energy on Tuesday fixed a price band of Rs 303-306 a share for its Rs 909 crore-initial public offer (IPO)
 "Shyam Metalics sets price band at Rs 303-306 for Rs 909 crore-IPO")
Paytm sends 'offer for sale' to staff as it moves ahead with $3 bn IPO
Paytm's public market debut will include a mix of new and existing shares to meet regulatory obligations.
 "Paytm sends 'offer for sale' to staff as it moves ahead with $3 bn IPO")
IPO-bound Paytm narrows losses to Rs 1,701 cr, reduces expenses in FY21
Revenue from operations fell 14.5 per cent to Rs 2,802.41 crore during the year, according to the Ant Financial-backed company's annual report
 "IPO-bound Paytm narrows losses to Rs 1,701 cr, reduces expenses in FY21")
LIC: Govt may seek proposals from investment banks for mega IPO in June
An offering could happen as soon as March 2022, say sources
 "LIC: Govt may seek proposals from investment banks for mega IPO in June")
Boom in Chinese companies listing in the US halts as market declines
A bike-sharing platform, a podcaster and a cloud computing firm are among corporates holding off plans.
 "Boom in Chinese companies listing in the US halts as market declines")
Retail investors miss rally in Gland Pharma; stock up 118% over IPO price
At the time of its IPO, retail investors bid for only 24 per cent or 0.24 times of the shares set aside for them
 "Retail investors miss rally in Gland Pharma; stock up 118% over IPO price")