Leading integrated steel company Shri Bajrang Power and Ispat Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial share sale.
The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, people familiar with the matter said
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India's first home-grown mapping company is looking to list in the public market at a Rs 6,000-crore valuation
The IPO rush will continue in September with two more companies Vijaya Diagnostic Centre and Ami Organics launching their initial share-sales on Wednesday to raise a total of Rs 2,465 crore.
The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million
Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak
The IPO will open on September 1 and conclude on September 3
A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold.
The IPO is entirely an offer for sale of 35,688,064 equity shares by the promoter and investors
Vijaya Diagnostics, Arohan Financial Services, Penna Cement, Shri Bajrang Power and Ispat are the companies likely to come out with their IPOs in September
The company, backed by SoftBank Vision Fund and Carlyle Group Inc., is targeting a Mumbai listing before March next year, said the people with knowledge of the matter
Overall, HNIs have profited in 16 out of 27 IPOs in 2021
Aptus Value Housing Finance, Chemplast Sanmar latest to make tepid debuts
Any strategic investment would be subject to a cap, though it's unclear at what level that would be set, according to a person familiar with the matter
Around two-thirds of overall IPO clients have been onboarded from three states - Gujarat, Rajasthan and Maharashtra
Without disclosing the reason, Sebi said "issuance of observations kept in abeyance" with regard to the IPO of Gemini Edibles & Fats India according to an update on the Sebi's website as of August 20
Almost 52 per cent of IPO investors sold shares on the listing day while another 20 per cent sold the allotted shares within the first week of listing, an analysis by Motilal Oswal Financial Services.
The government is also planning a big advertisement campaign for the listing of the IPO
The Adani Group has said that it has not received any formal communication from the Securities & Exchange Board of India (SEBI)