Page 28 - Initial Public Offering (ipo)

Paytm closes above Rs 1k mark after 3 yrs; firm value crosses Rs 64k cr

Shares of Paytm have rallied nearly 30 per cent in the past one month

International Gemmological IPO gets 72% subscribed on second day of offer

The initial share sale received bids for 42,406,035 shares against 58,560,902 shares on offer, as per NSE data

Laxmi Dental secures Sebi approval to raise funds by launching IPO

Dental products company Laxmi Dental Ltd has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP). As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company. Besides, the company may consider raising Rs 30 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. As per the update, Laxmi Dental, which filed preliminary IPO papers with Sebi in September, obtained its observation on December 12. In Sebi's parlance, obtaining observation means its go-ahead to float the public issue. Going by the draft papers, proceeds from the fresh issue will be kept aside for investment in subsidiar

LG mulls raising India unit valuation to $15 bn from $13 bn ahead of IPO

The company is planning to start a formal roadshow for LG Electronics India Pvt's IPO within the next two months and is targeting a listing in the first half of 2025

GK Energy files draft IPO papers with Sebi, aims to raise Rs 500 cr

Solar-powered agricultural water pump systems provider GK Energy Ltd has filed preliminary papers with markets regulator Sebi to garner funds through an initial public offering (IPO). The proposed IPO of the Pune-based firm is a combination of fresh issue of shares worth Rs 500 crore and an Offer-for-Sale (OFS) of 84 lakh equity shares by selling shareholders, the draft red herring prospectus (DRHP) showed. The company plans a pre-IPO placement of shares aggregating to Rs 100 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. According to the draft papers filed on Friday, proceeds from the fresh issue to the tune of Rs 422.46 crore will be used to fund its long-term working capital requirements and the remaining funds for general corporate purposes. GK Energy Ltd is a leading pure play provider of engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. These solar-powered agricultural water pump

Eleganz Interiors files draft papers with NSE Emerge to raise funds via IPO

Eleganz Interiors, a leading provider of interior fit-out solutions provider, on Saturday said it has filed draft papers with NSE Emerge to mobilise funds via an initial public offering. The initial public offering (IPO) is entirely a fresh issuance of up to 60.05 lakh shares, each with a face value of Rs 10, the company said in a statement. The shares of the company will be listed on the SME platform of the National Stock Exchange (NSE) Emerge, according to the draft red herring prospectus. Vivro Financial Services is the sole book-running lead manager, while Bigshare Services is the registrar for the IPO. Mumbai-based Eleganz intends to leverage its existing footprint and expand its presence in these key regions to further solidify its market position. Proceeds from the issue worth Rs 25 crore will utilised by the company to repay outstanding debt and Rs 30 crore to fund working capital needs. The remaining funds will be used for general corporate purposes. Eleganz offers a ..

Mamata Machinery IPO to open on Dec 19; price band at Rs 230-243 a share

Packaging machinery manufacturer Mamata Machinery Ltd on Friday fixed a price band of Rs 230-243 per share for its Rs 179 crore initial share sale opening for public subscription on December 19. The public issue will conclude on December 23 and the bidding for anchor investors will open for a day on December 18, the company announced. The Gujarat-based company's initial share sale is entirely an Offer For Sale (OFS) of 73.82 lakh equity shares, by promoters, worth Rs 179.38 crore at the upper end of the price band. Those selling shares under the OFS are -- Mahendra Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP. Since it's an OFS, the company will not receive any proceeds from the public issue, and the entire fund will go to the selling shareholders. The company stated that the objective of the initial share sale is to gain the advantages of listing the equity Shares on the stock exchanges. Additionally, the company .

Last day to subscribe Sai Life Sciences IPO: Check GMP, subscription status

The subscription window for Sai Life Sciences IPO will close today. Here are details on subscription status, gmp

IGI IPO subscription opens today: GMP up 18%; Should you bid or avoid?

International Gemmological Institute IPO GMP is up 17.99 per cent at Rs 492 per share against the upper end of the price band of Rs 417

IGI IPO subscription opens today: GMP up 18%; Should you bid or avoid?

International Gemmological Institute IPO GMP is up 17.99 per cent at Rs 492 per share against the upper end of the price band of Rs 417

Jungle Camps India IPO allotment today: Check status, GMP, and more

Jungle Camps India's unlisted shares are trading at Rs 132 per share, reflecting a grey market premium (GMP) of Rs 60 or 83.33 per cent from the IPO's upper price band of Rs 72

Vishal Mega Mart IPO sails through; subscribed 1.53 times on Day 2

The Rs 8,000-crore IPO of Vishal Mega Mart will end on December 13

Identical Brains Studios announces IPO on Dec 18 to raise Rs 20 crore

Visual Effects (VFX) firm Identical Brains Studios on Thursday said it is gearing up to raise Rs 20 crore through an initial public offering (IPO) on December 18. The announcement comes after NSE Emerge granted in-principle approval for the IPO earlier this month. The three-day public issue will conclude on December 20, the company announced. The Mumbai-headquartered company's public issue will comprise a fresh issuance of 36.94 lakh equity shares with a face value of Rs 10 each. Proceeds from the IPO will be utilized to expand and enhance the company's operations. This includes renovating the existing office and studio in Andheri, establishing a new branch office in Lucknow, and setting up a Color Grading Digital Intermediate (DI) and Sound Studio at a new branch office in Andheri. Additionally, the funds will be used to purchase essential equipment such as computers, storage systems, and software to upgrade existing facilities. The remaining portion of the proceeds will be alloc

Rebel Foods raises $210 million funding ahead of planned 2026 IPO

Rebel Foods was founded by McKinsey & Co. alumnus Jaydeep Barman with the goal of building a range of online-only brands

Mobikwik subscribed 7x on Day 1; Vishal, SaiLife get tepid responses

Meanwhile, the IPOs of SaiLife and Vishal Megamart were subscribed 0.84 times and 0.5 times, respectively

Vishal Mega Mart IPO Day 1: Check subscription status, GMP & other details

Vishal Mega Mart IPO Day 1: The IPO which opened for subscription today (December 11), is a complete offer for sale (OFS) comprising 1,025,641,025 shares

MobiKwik's $67 mn IPO fully sold in first hour as retail investors rush in

Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold

Mobikwik IPO opens today: GMP zooms 49%; should you park your money?

Mobikwik IPO GMP today: Mobikwik shares were trading at Rs 415 apiece, reflecting a grey market premium (GMP) of Rs 136 or 48.75 per cent per share

Investment bank DAM Capital Advisors gets Sebi's nod to launch IPO

Investment bank DAM Capital Advisors has received Sebi's go ahead to float an initial public offering (IPO), an update with the markets regulator showed on Tuesday. The proposed IPO is solely an offer-for-sale (OFS) of 3.2 crore equity shares, with no fresh issue component, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS are promoter Dharmesh Anil Mehta, investors Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services and Narotam Satyanarayan Sekhsaria. Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than the company. DAM Capital Advisors, which filed preliminary papers with Sebi in September, obtained the regulator's observations on December 4, the update showed. In Sebi's parlance, obtaining the observations means its go ahead to launch the public issue. In its draft papers, the company stated that it plans to go public in a bid to achieve the benefit

Power producer Continuum Green Energy files for Rs 3,650 crore IPO

The government is aiming to add at least 500 giga watts of clean energy by 2030 to reduce carbon emissions