IPO Market

For foreign investors looking at India, interesting themes include the country's positioning in AI

Citigroup's India head of investment banking, Rahul Saraf, said more deals should emerge as multinationals reassess portfolios and divest non-core assets

SME IPO activity has rebounded in May despite subdued mainboard markets, supported by retail participation and improved quality of issuers

Jio Platforms and NSE gear up for blockbuster IPOs as exchanges tighten surveillance norms and NSE releases delayed trading payouts

The proposed IPO of InCred Holdings comprises a fresh issue of equity shares aggregating up to ₹1,250 crore and an offer for sale of up to 99,020,833 equity shares

OnEMI Technology IPO received a decent investor response with an overall subscription of 9.50 times, driven by strong participation from qualified institutional buyers

Bagmane REIT IPO has received bids for 157.37 million shares against 147.92 million shares on offer, translating into a subscription of 1.06 times

Applicants can check their OnEMI Technology IPO allotment status on the official NSE and BSE websites, as well as on the registrar's portal, Kfin Technologies

OnEMI Technology IPO comprises a combination of fresh issue of 49.7 million equity shares amounting to ₹850 crore and an OFS of 4.4 million equity shares amounting to ₹75.92 crore

OnEMI's unlisted shares were trading at ₹174.75 per share, commanding a grey market premium of ₹3.75, or 2.2 per cent, over the upper end of the IPO price band of ₹162 to ₹171

Kissht-parent OnEMI Technology has set the price band in the range of ₹162 to ₹171, with a lot size of 87 shares

Investors turn to REITs, InvITs and NCDs for stable returns as IPO activity slows, amid macro uncertainty and a shift towards predictable cash flows

OnEMI Technology Solutions has set the price band in the range of ₹162 to ₹171 per share

Amba Auto Sales & Services operates as an authorised dealer of Bajaj Auto and LG Electronics India under the brand names Amba Bajaj and Amba LG Best Shop, respectively

Adisoft Technologies IPO has been priced in the range of ₹163 to ₹172 per share, with a minimum lot size of 800 shares

Leapfrog Engineering IPO is being offered at a price band of ₹21 to ₹23 per share, with a lot size of 6,000 shares

Firms are looking to increase the total number of positions by 15% to 20%, according to estimates by the executive search firms Sheffield Haworth and Native, compared with last year's growth of 18%

Om Power Transmission IPO received a decent investor interest, achieving an overall oversubscription of 3.3 times, driven largely by strong participation from NIIs

Securities and Exchange Board of India eases IPO norms, allowing firms to cut fresh issue size by up to 50% without refiling DRHP amid volatile markets

Ahead of its IPO, the Om Power Transmission raised ₹45 crore from three anchor investors on April 8, allotting 2.57 million shares at ₹175 each