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IPO Listing Time
Home and furnishings company Wakefit Innovations Ltd is gearing up to launch its initial public offering (IPO) on December 8 to raise around Rs 1,400 crore. The company's maiden public offering is a combination of a fresh issue of equity shares aggregating up to Rs 377.1 crore and an offer-for-sale (OFS) of 4.67 crore shares by the selling shareholders, according to the red herring prospectus (RHP). As part of the OFS, the promoters -- Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders -- Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP and Paramark KB Fund I -- will be offloading shares. Market sources said that the total issue size would be around Rs 1,400 crore. The IPO of the Bengaluru-based company will conclude on December 10, and anchor investors will be allocated shares on December 5, the RHP noted. Wakefit proposes to utilize the proceeds from the fresh issue, worth Rs 31 crore, for setting up 11
Shiprocket Co-Founder and CEO Saahil Goel sees the upcoming IPO is a key milestone reflecting internal discipline, scale and governance, and believes it will set the logistics tech company on a new growth trajectory with India's direct-to-consumer, online and quick commerce space poised to boom. Shiprocket, backed by marquee investors like Temasek, Zomato and Paypal, had submitted its draft red herring prospectus (DRHP) with Sebi via the confidential route earlier this year, an increasingly popular option among Indian startups as it allows vital financial and strategic information to remain undisclosed during the initial review while the firm obtains necessary feedback from the regulators. Goel told PTI in an interview said the IPO will be an important milestone as it "institutionalises" the company that has evolved from being a shipping partner to an end-to-end e-commerce enablement platform for Indian merchants. According to Goel, it brings discipline, and aligns stakeholders for
The initial share sale of Emmvee Photovoltaic Power Ltd was subscribed 17 per cent on the second day of bidding on Wednesday. The initial public offering (IPO) received bids for 1,33,70,613 shares against 7,74,27,183 shares on offer, according to the details available with the NSE. The part for retail individual investors received 61 per cent subscription, while the portion for non-institutional investors was subscribed 11 per cent. The category for qualified institutional buyers subscribed 6 per cent. On Monday, solar photovoltaic modules and solar cells maker Emmvee Photovoltaic Power Ltd has mobilised Rs 1,305 crore from anchor investors. The Rs 2,900-crore initial public offering (IPO) will conclude on November 13. The company has fixed a price band at Rs 206-217 per share. At the upper end, the company is targeting a valuation of over Rs 15,000 crore. The IPO comprises a fresh issue of shares worth Rs 2,143.86 crore and an offer for sale (OFS) of shares valued at Rs 756.14 c
The initial public offering of edtech unicorn PhysicsWallah received a lukewarm response from investors by garnering only 13 per cent subscription, a day before it closes on Thursday. The bid will close on November 13. The Rs 3,480-crore initial share sale received bids for 2,38,20,601 shares against 18,62,04,143 shares on offer, according to the NSE data. The portion for retail individual investors received 58 per cent subscription, while the quota for non-institutional investors was subscribed 6 per cent. However, qualified institutional buyers bid for just 6,302 shares out of 10,11,55,340 on offer. On Monday, PhysicsWallah said it has raised Rs 1,563 crore from anchor investors. This will be the first major pure-play edtech company to list on the country's bourses. The company fixed a price band of Rs 103-109 per share for its IPO, which may peg its valuation at over Rs 31,500 crore at the upper end. The IPO comprises a fresh issue of equity shares worth Rs 3,100 crore and a