Page 31 - Initial Public Offering Ipo

Ola Electric's IPO to attract investor bids from Fidelity, Nomura

Ola Electric's roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker

Ola Electric sets price band of Rs 72-76 per share in one of biggest IPO

Ola Electric's roughly $740 million IPO will be the first by an Indian electric vehicle maker

Ola Electric sets price band of Rs 72-76 per share in one of biggest IPO

Ola Electric's roughly $740 million IPO will be the first by an Indian electric vehicle maker

Ola Electric Mobility to launch IPO on August 2 to raise Rs 5,500 crore

Electric two-wheeler company Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D. The initial share sale will conclude on August 6, and the bidding for anchor investors will open for a day on August 1, according to the red herring prospectus (RHP). The company's proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares by promoters and investors, the prospectus showed. Under the OFS, Ola Electric founder Bhavish Aggarwal will offload almost 3.8 crore shares. The price band of the company's maiden public issue will be announced on Monday. For Ola Electric, the IPO will provide the much-needed impetus to invest in enhancing cell manufacturing capacity and research and development on future technologies and products. According to its prospectus, Ola

Ola Electric Mobility to launch IPO on August 2 to raise Rs 5,500 crore

Electric two-wheeler company Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D. The initial share sale will conclude on August 6, and the bidding for anchor investors will open for a day on August 1, according to the red herring prospectus (RHP). The company's proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares by promoters and investors, the prospectus showed. Under the OFS, Ola Electric founder Bhavish Aggarwal will offload almost 3.8 crore shares. The price band of the company's maiden public issue will be announced on Monday. For Ola Electric, the IPO will provide the much-needed impetus to invest in enhancing cell manufacturing capacity and research and development on future technologies and products. According to its prospectus, Ola

Rs 1.9 trillion share sales via IPOs over six years in LTCG tax crosshairs

Due to ambiguity over the applicability of LTCG-which was reintroduced in 2018-several promoters and private equity (PE) firms have refrained from tax payments

Standard Glass Lining Technology files DRHP with Sebi to raise Rs 600 cr

Standard Glass Lining Technology Limited on Friday said it has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offer (IPO). The city-based firm in the DRHP said the public issue comprises a fresh issue of shares with a face value of Rs 10, aggregating up to Rs 250 crore and an offer for sale of 18.444 million shares of Rs 10 each, aggregating up to Rs 350 core. The firm, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors in India, will raise the funds through 100 per cent book building process and use the proceeds from this offer for capital expenditure for repayment of some existing loans, funding inorganic growth, and for general corporate purposes. The company will decide the offer price, floor price and cap price in consultation with BRLMs (Book Running Leader Managers), and on the basis of assessment of market demand

Last day Alert! Sanstar IPO closes today; should you bid? Check GMP & more

The three-day subscription window to apply for the Sanstar IPO, which opened on Friday, July 19, 2024, closes today. Sanstar IPO has been subscribed 13.56 times by July 22, 2024

Clinitech Laboratory IPO opens today: Check subscription, price, date, size

Laboratory IPO comprises a fresh issue of 6,744,000 shares aggregating up to Rs 70.8 crore and is available at Rs 96 apiece

SME IPO: VL Infra issue closes today; check GMP, subscription status & more

VL Infra IPO has been subscribed 292.84 times in the retail category and 140.48 times in the NII category, while the QIB category has received a subscription of 9.31 times as of July 24, 2024

Startup Wiz likely to reject $23 bn acquisition proposal from Google

Wiz's decision to call off the deal will be a setback for Google, which has been investing in its cloud infrastructure

Amazon India in talks for deal with Instamart amid Swiggy's IPO filing

Bengaluru-based Swiggy recently filed with the Securities and Exchange Board of India (Sebi) for a Rs 10,414 crore IPO, one of the largest planned by a new-age internet company

Sanstar IPO opens today; check price band, GMP, should you subscribe?

The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.

Sanstar IPO opens today; check price band, GMP, should you subscribe?

The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.

Supermart major Vishal Mega Mart makes confidential filing for $1bn-IPO

Partners Group, Kedaara Capital-backed retailer becomes the fourth company to take this route

Ola Electric likely to set valuation at around $4.5 billion for IPO

Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year

Sanstar's IPO to open on July 19; sets price band at Rs 90-95 per share

Plant-based speciality products company Sanstar Ltd on Monday said it has fixed a price band of Rs 90 to 95 a share for its Rs 510-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on July 19 and conclude on July 23, the Ahmedabad-based company announced. The IPO is a combination of a fresh issue of 4.18 crore shares and an Offer For Sale (OFS) of 1.19 crore shares by selling shareholders. At the upper end of the price band, the IPO size is pegged at Rs 510.15 crore. Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment and a portion will also be used for general corporate purposes. Sanstar is one of the major manufacturers of plant-based speciality products and ingredient solutions in India. The company's speciality products and ingredients add taste, texture, nutrients and increased ...

Sanstar's IPO to open on July 19; sets price band at Rs 90-95 per share

Plant-based speciality products company Sanstar Ltd on Monday said it has fixed a price band of Rs 90 to 95 a share for its Rs 510-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on July 19 and conclude on July 23, the Ahmedabad-based company announced. The IPO is a combination of a fresh issue of 4.18 crore shares and an Offer For Sale (OFS) of 1.19 crore shares by selling shareholders. At the upper end of the price band, the IPO size is pegged at Rs 510.15 crore. Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment and a portion will also be used for general corporate purposes. Sanstar is one of the major manufacturers of plant-based speciality products and ingredient solutions in India. The company's speciality products and ingredients add taste, texture, nutrients and increased ...

Reliance Jio prepares for IPO in 2025 at $112 billion valuation: Jefferies

Jefferies said Jio might debut with a valuation around $112 billion, potentially contributing a 7%-15% increase in the share price of Reliance Industries

Steel manufacturer Bansal Industries' IPO subscribed 1.76 times on Day 1

The initial public offer of steel wire manufacturer Bansal Wire Industries received 1.76 times subscription on the first day of bidding on Wednesday. The initial share sale received bids for 3,77,76,154 shares against 2,14,60,906 shares on offer, according to NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 2.47 times while the portion for non-institutional investors fetched 2.44 times subscription. The Qualified Institutional Buyers (QIBs) part received 1 per cent subscription. Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors. The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. The issue, with a price band of Rs 243-256 per share, will be open for public subscription during July 3-5. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Indust