Page 2 - India Ipo

Innova Captab's IPO to open on Dec 21: Price band at Rs 426-448 per share

Integrated pharmaceutical company Innova Captab on Monday fixed a price band of Rs 426-448 per share for its Rs 570-crore initial public offering (IPO). The issue will open on December 21, and conclude on December 26, the company said. The maiden public issue comprises a fresh issue of equity shares worth up to Rs 320 crore and an offer-for-sale (OFS) of up to 55.80 lakh equity shares by promoters and selling shareholders. Those selling shares in the OFS are -- Manoj Kumar Lohariwala, Vinay Kumar Lohariwala, and Gian Parkash Aggarwal. At the upper end of the price band, the IPO is likely to fetch Rs 570 crore. Proceeds from fresh issuance worth Rs 144.40 crore will be utilised for debt payment, Rs 23.60 crore for investment in the subsidiary UML, and Rs 72 crore for funding working capital requirements. Besides, a portion will be used for general corporate purposes. Half of the issue has been reserved for qualified institutional buyers, 35 per cent for retail investors and the .

Paytm pre-IPO investors seem not in a hurry to sell, say analysts

Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank, Elevation Capital and Alibaba, do not seem to be in a hurry to exit the company as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after end of lock-in period but that had a minimal impact on the stock. Market participants have been speculating on Paytm, post expiry of lock-in for pre-IPO investors. "Paytm's lock-in expiry had no impact on the share price as the company's robust performance continues to impress investors." Avinash Gorakshakar, Director, Research, Profitmart Securities, said about Paytm. Paytm's pre-IPO investors like Warren Buffet, SoftBank, Elevation Capital, Alibaba are long-term investors. SoftBank's Masayoshi Son is reportedly not in a hurry to exit from its investments like Paytm, PB Fintech, Delhivery. The investor doesn't want to trigger panic selling. Rahul Sharma, co-founder, Equi

Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

Tamilnad Bank IPO subscribed 1.5x on Day 2, issue closes Wednesday

The priced band for the IPO is Rs 500-525 per share

IPO-bound Delhivery has promising growth potential: Samco Securities

The Indian logistics business is poised for tremendous expansion, and the IPO-bound Delhivery, with its focus on the fast-growing e-commerce market, has promising growth potential ahead of it

'Indian investors satisfied with performance of their investments in 2021'

Encouraged by the performance of their investments in 2021, semi-urban and rural investors are willing to allocate a higher proportion of their savings to financial assets: Groww survey

IPO activity headed for record year; India could exceed $5-bn 2017 target

There has been particularly strong activity in the insurance sector due to regulatory changes