Page 24 - Initial Public Offering Ipo

Hyundai Motor India's shares decline 6% in debut after record IPO

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

Deepak Builders IPO receives 4.12 times subscription on 1st day of offer

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of subscription on Monday. The Rs 260 crore initial public offer received bids for 3,69,59,389 shares against 89,67,061 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 6.12 times subscription while the category for non-institutional investors got subscribed 4.26 times. The Qualified Institutional Buyers (QIBs) part attracted 52 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. Price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book running lead manager to the offer.

Niva Bupa Health Insurance, Paras Healthcare get Sebi's nod to float IPOs

Health insurer Niva Bupa Health Insurance Company Ltd and Paras Healthcare Ltd, which runs the hospital chain under the 'Paras Health' brand, have received Sebi's go ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Monday. Niva Bupa Health Insurance Company is looking to garner Rs 3,000 crore through an initial share sale involving fresh issuance of equity shares and Offer for Sale (OFS) component. Paras Healthcare is aiming to raise Rs 400 crore through fresh issuance of equity shares, besides there is an OFS component. The two companies, which filed their draft IPO papers with the Securities and Exchange Board of India (Sebi) during July-August, obtained its observations on October 18, the update showed. In Sebi's parlance, obtaining observation means its go ahead to float the public issues. The equity shares of both companies proposed to be listed on the BSE and NSE. Going by the draft papers, the proposed IPO of Niva

Afcons Infrastructure fixes price band of Rs 440-463 per share for IPO

Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Monday said it has fixed a price band of Rs 440-463 per share for its Rs 5,430-crore Initial Public Offering (IPO), which will open for subscription on October 25. The IPO is a mix of fresh issue worth up to Rs 1,250 crore and an offer of sale up to Rs 4,180 crore, Afcons Infrastructure said here. The issue will close on October 29. The issue price has been fixed in the range of Rs 440-463 apiece and investors can bid for a minimum of 32 equity shares and in multiples of 32 thereafter, the company said. The proceeds from fresh issuance to the extent of Rs 80 crore will be utilised for capital expenditure for purchase of construction equipment; Rs 320 crore for funding long term working capital requirements and Rs 600 crore for prepayment or scheduled repayment of a portion of certain outstanding borrowings, among others, it said. Investors including GIC Singapore, Enam Holdings (Akash Bhanshali), Synergy Capital, 360 One,

Hyundai's historic India IPO signals new era for multinational listings

Hyundai's compatriot LG Electronics Inc. is also reported to be preparing for a potential IPO of its Indian unit

SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO

Defence equipment manufacturer SMPP Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 4,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 580 crore and an offer for sale (OFS) of equity shares worth up to Rs 3,420 crore by promoter Shiv Chand Kansal, according to the draft red herring prospectus (DRHP) filed on Friday. At present, Kansal holds 50 per cent stake in the company. The company may consider a pre-IPO placement of securities valued at Rs 116 crore. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue will be utilised primarily for capital expenditure of Rs 437.04 crore, which includes constructing buildings, land development, and procuring plant and machinery for a planned ammunition manufacturing facility through investment in a subsidiary. The remaining amount will be allocated for general corporate purposes. SMPP is a

Gautam Solar plans Rs 1,000 crore IPO to expand manufacturing capacity

Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project. The proposed solar cell line is part of the company's plan to expand its solar module manufacturing capacity to 5 GW by 2025, Gautam Solar said in a statement. "Rs 1,000 crore solar cell expansion plan will be funded through an IPO to be launched in the next 12-18 months, supporting further development and innovation," it said. This expansion will occur in three phases, with the first phase set for completion in November 2024, followed by the second and third phases in January and April 2025, respectively. According to the company, the IPO will drive the company's growth by setting up a 2 gigawatt (GW) solar cell manufacturing plant to bolster solar module production and achieve the 5 GW target within the stipulated time. "As India targets achieving 500 GW of renewable energy by 2030, our expansion

Tokyo Metro likely to raise $2.3 billion in Japan's biggest IPO in 6 years

One of Tokyo's two major subway operators, Tokyo Metro is set to announce the pricing later today and list on the Tokyo Stock Exchange on Oct 23

China Resources Beverage files for $649 mn Hong Kong IPO, largest in city

China Resources Beverage's Hong Kong IPO is set to be larger than tea drinks firm Sichuan Baicha Baidao Industrial's $330 million raising in April

Hyundai India starts $3.3 billion IPO in country's largest ever share sale

Hyundai will not issue new shares in the IPO, in which its South Korean parent will sell up to 17.5 per cent of its stake in the wholly-owned unit that will be valued at up to $19 billion

Hyundai Motor India's growth engine roars on SUVs, capacity expansion

The carmaker's short-term gains may stall in neutral over high valuations

Hyundai India plans Rs 32,000 cr expansion, aims for 1.1 mn units by 2028

IPO-bound Hyundai India plans to invest in boosting production capacity, developing new products and platforms, and launching new models

Hyundai India plans Rs 32,000 cr expansion, aims for 1.1 mn units by 2028

IPO-bound Hyundai India plans to invest in boosting production capacity, developing new products and platforms, and launching new models

Garuda Construction IPO allotment today: Check status, latest GMP here

Here's where you can find out allotment status and GMP of Garuda Construction and Engineering IPO

Garuda Construction IPO gets subscribed 7.55 times on final day of offer

The initial public offering (IPO) of Garuda Construction and Engineering has received 7.55 times on the final day of the share sale on Thursday. The initial share sale received bids for 15,03,44,299 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The category meant for Retail Individual Investors (RIIs) got subscribed 10.81 times while the quota for non-institutional investors received 9.03 times subscription. The portion for Qualified Institutional Buyers (QIBs) garnered 1.24 times subscription. Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors. It has fixed a price band of Rs 92-95 per share for its IPO. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 100 crore will be u

India's regulatory reform could hasten homecoming of IPO-bound startups

Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home

India's regulatory reform could hasten homecoming of IPO-bound startups

Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home

Garuda Construction IPO gets subscribed 4.1 times on 2nd day of offer

The initial public offer of Garuda Construction and Engineering got subscribed 4.10 times on the second day of share sale on Wednesday. The initial share sale received bids for 8,16,77,366 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 6.73 times while the quota for non-institutional investors received 2.58 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription. Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on Thursday. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the pri

Hyundai to invest $3 bn IPO proceeds to enhance R&D, new car development

The IPO, which will be India's biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division

Partners Group-backed KinderCare prices US IPO in range to raise $576 mn

Oregon-based KinderCare, one of the largest providers of early childhood education centers in the US, operates more than 1,500 centers with a capacity of more than 200,000 children