Page 97 - Latest Updates on IPO
Will Go Air's IPO initiate sector re-rating? Here's what analysts think
The IPO may not garner expected response as the financial position of the entire sector remains precarious given the unabated rise in Covid-19, and relatively higher oil prices
 "Will Go Air's IPO initiate sector re-rating? Here's what analysts think")
Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself
India's largest airline by market share will use the proceeds to meet debt obligations, pay oil companies.
 "Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself")
Zomato IPO will test Indian investors' unicorn appetite: Analyst's note
Company faces competition in a food services market that is yet to reach global scale.
 "Zomato IPO will test Indian investors' unicorn appetite: Analyst's note")
Sebi proposes rationalising 'promoter group' definition'; moots a concept
Markets regulator Sebi proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods
 "Sebi proposes rationalising 'promoter group' definition'; moots a concept")
Sebi vets stake control in Zomato's IPO papers for China firm's role
Regulator scans startup's prospectus to check if Jack Ma's Ant group will be issued bonus shares/rights shares.
 "Sebi vets stake control in Zomato's IPO papers for China firm's role")
PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times
Institutional and non-institutional portions were subscribed 4.6x and 5.1x
 "PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times")
Chemplast Sanmar files Rs 3,500-cr IPO papers
Chemplast Sanmar Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial share sale
 "Chemplast Sanmar files Rs 3,500-cr IPO papers")
Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO
The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier
 "Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO")
Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday
The price band for the IPO is 99-100 per unit of Rs 100 each
 "Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday")
Info Edge's early investment in Zomato set to deliver sweet returns
According to the DRHP filed by Zomato as part of its initial public offering plan, Info Edge currently owns 1.244 billion shares at an average cost of Rs 1.16 each
 "Info Edge's early investment in Zomato set to deliver sweet returns")
Zomato eyes raising $1.1 bn through initial public offering, files DRHP
The IPO offer includes a fresh issue by the company worth Rs 7,500 crore, and and an offer for sale by the selling shareholder Info Edge
 "Zomato eyes raising $1.1 bn through initial public offering, files DRHP")
Tamilnad Mercantile Bank eyes Rs 1,000-crore IPO by Nov-Dec 2021
The lender's FY21 net profit rose 48% to Rs 603 cr
 "Tamilnad Mercantile Bank eyes Rs 1,000-crore IPO by Nov-Dec 2021")
Discord ends sale talks with Microsoft, likely to pursue IPO: Sources
The messaging platform will focus on building the chat platform and making money from its user base that has grown quickly during the pandemic
Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr
Through the maiden offering Canadian firm Sun Life Financial will divest its 12.56% holding, while Aditya Birla Capital will sell a little less than 1%
 "Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr")
Aditya Birla Sun Life AMC files DRHP with Sebi
The board of Aditya Birla Capital on April 14 had approved the IPO of Aditya Birla Sun Life AMC
 "Aditya Birla Sun Life AMC files DRHP with Sebi")
Glenmark Pharma hits 23-month high on Glenmark Life Sciences IPO plan
ICICI Securities believe this is a positive development for the company and will lead to value unlocking for the shareholder
 "Glenmark Pharma hits 23-month high on Glenmark Life Sciences IPO plan")
Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators
Beijing-headquartered Waterdrop distributes insurance policies online and provides illness crowd-funding
Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November
 "Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny")
Best start to equity capital market activity in three years, shows data
Real estate took second place with a 14.3% share, while materials rounded out the top three with an 11% share
 "Best start to equity capital market activity in three years, shows data")
Barbeque Nation shares soar 18% on debut, get locked in 20% upper circuit
Rally surprised Street as most were expecting subdued listing due to the fresh turbulence in restaurant sector caused by the lockdown imposed in Maharashtra to contain Covid-19 spread
 "Barbeque Nation shares soar 18% on debut, get locked in 20% upper circuit")