Page 21 - Initial Public Offering (ipo)

India's IPO market loses steam as global jitters, tensions deter investors

Avanse Financial and Anthem Biosciences are among firms, including LG's India unit, set to delay IPO plans amid weak market sentiment, according to investment bankers

India's IPO market loses steam as global jitters, tensions deter investors

Avanse Financial and Anthem Biosciences are among firms, including LG's India unit, set to delay IPO plans amid weak market sentiment, according to investment bankers

Street Signs: India and US markets align, IPO engine revs in silence, more

US markets held steady from September to February

Priority Jewels files draft papers with Sebi to mop-up funds via IPO

Priority Jewels Ltd, has filed preliminary papers with markets regulator Sebi seeking its nod to launch an initial public offering (IPO). The Mumbai-based company's IPO is completely a fresh issue of 54 lakh equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday. Proceeds from the fresh issue to the extent of Rs 75 crore will be utilized for payment of debt, besides, a portion will be used for general corporate purposes. Founded in 2007, Priority Jewels designs, manufactures and sells a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery. It sells directly to independent jewellers and jewellery chains in India as well as select international markets. It supplies its products to leading jewellery chains, including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri and Senco Gold. It has two jewellery manufacturing ...

Priority Jewels files draft papers with Sebi to mop-up funds via IPO

Priority Jewels Ltd, has filed preliminary papers with markets regulator Sebi seeking its nod to launch an initial public offering (IPO). The Mumbai-based company's IPO is completely a fresh issue of 54 lakh equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday. Proceeds from the fresh issue to the extent of Rs 75 crore will be utilized for payment of debt, besides, a portion will be used for general corporate purposes. Founded in 2007, Priority Jewels designs, manufactures and sells a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery. It sells directly to independent jewellers and jewellery chains in India as well as select international markets. It supplies its products to leading jewellery chains, including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri and Senco Gold. It has two jewellery manufacturing ...

Sebi proposes mandatory demat before IPO filings to plug regulatory gaps

Sebi highlighted that dematerialisation eliminates inefficiencies and risks associated with physical share certificates, such as loss, theft, forgery, and delays in transfer and settlement

Duroflex to push ahead with IPO, eyes double-digit revenue growth

Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85 per cent of its revenue from mattresses

Duroflex to push ahead with IPO, eyes double-digit revenue growth

Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85 per cent of its revenue from mattresses

Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes

The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares

Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes

The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares

Ather IPO sees 16% subscription, ABSL AMC Q4 profit up 10%, and more

On Friday, Ather allocated shares worth Rs 1,340 crore to anchor investors

Street signs: Banking stocks run out of steam, Sebi's shift to e-office

The Securities and Exchange Board of India (Sebi), based in Mumbai's Bandra Kurla Complex, is set to overhaul its operations by adopting a fully digital 'e-office' system

Prestige Hospitality Ventures files DRHP to raise ₹2,700 cr through IPO

The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹1,700 cr and an offer for sale of shares worth up to ₹1,000 cr by the parent company, Prestige Estates Projects

Ather Energy garners Rs 1,340 cr from anchor investors ahead of IPO

Electric two-wheeler maker Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors days ahead of the launch of its initial share sale for public subscription. The Ather Energy IPO opens for public subscription on April 28. Some of the key anchor investors who were allocated shares include Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, Eastspring Investments, Morgan Stanley Investment Management and Societe Generale. PSBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Invesco MF, Aditya Birla Sun Life Insurance, ITI MF and Union MF are among the anchor investors. According to a circular uploaded on BSE's website, the electric two-wheeler maker has allotted 4.17 crore shares to 36 funds at Rs 321 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 1,340 crore. The Rs 2,981-crore public issue, with a price band of Rs 304 to Rs 321 a piece, will be available for pu

IPO Alert! Prestige Hotel Ventures files draft papers with Sebi; details

Prestige Hotel Ventures has filed its draft papers with market regulator Sebi to raise funds via IPO

Ather Energy sets IPO price band in range of ₹304 to ₹321 per share

The Tiger Global-backed company trimmed its IPO size on Tuesday to ₹2,626 crore ($308.3 million), down from its initial aim of raising ₹3,100 crore

From 96% holding to a sliver: How Gensol promoters made swift exit

Sebi order alleges misleading disclosures, fraudulent trades, fund diversions helped promoters offload their stake onto unsuspecting investors

Flipkart ends WFH policy, asks staff to be in office 5 days a week

Company adopted remote work at the onset of Covid-19 in 2020, ends practice as it preps for IPO

Waste-to-energy firm SAEL aims for public listing within next 12 months

SAEL, a firm that converts agricultural waste into clean energy, is gearing up for a public listing within the next 12 months, its CEO Laxit Awla said. The company is in the process of identifying merchant bankers to manage its maiden public issue. Speaking about the planned public issue, Awla told PTI that the proceeds from the IPO will be utilized to scale up SAEL's operations, with a focus on expanding its cell manufacturing capabilities, Independent Power Producer (IPP) business, and waste-to-energy initiatives. Awla highlighted that SAEL is the world's only 100 per cent paddy-based biomass waste-to-energy operator and the largest single industrial offtaker of paddy straw globally. Through its 11 biomass plants spread across Punjab, Haryana, and Rajasthan totalling 165MW of installed capacity, the company processes nearly 2 million tonne of agricultural waste annually, he said. This conversion results in clean and reliable green power, helping to combat air pollution, improve

Ahead of IPO, Zepto appoints Airtel's Akhil Gupta to company board

Currently, Zepto's board includes co-founders Aadit Palicha and Kaivalya Vohra, alongside Avra founder Anu Hariharan and Nexus Venture Partners co-founder and managing director Suvir Sujan