Page 32 - Initial Public Offering Ipo

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

Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report

The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17

3 startups look to raise $400 mn as US biotech IPOs gain traction

September was the busiest month for healthcare IPOs this year, Dealogic data showed. Strong debuts by companies such as BioAge Labs and Bicara Therapeutics have also encouraged listings

Dev Accelerator plans Rs 125 cr IPO amid high demand for office spaces

Dev Accelerator Ltd, which provides flexible office spaces, has filed a draft document with Sebi to launch its initial public offering (IPO) to raise around Rs 125 crore. Dev Accelerator (DevX) is promoted by listed entity Dev Information Technology Ltd. DevX's IPO is entirely a fresh issue of 2.47 crore equity shares (face value of Rs 2), with plans to list on both the NSE and BSE. The company proposes to utilise Rs 68.95 crore for "fit-outs" in the new centres and their security deposits. It proposes to use Rs 30 crore towards repayment and/or prepayment (in full or in part) of certain borrowings, according to the draft red herring prospectus (DRHP) filed with markets regulator Sebi. The remaining amount will be allocated for general corporate purposes, including strategic initiatives, strengthening marketing capabilities and brand building exercises, payment of lease liabilities, among others. This capital infusion will enable DevX to expand its footprint in major cities, inclu

Shein likely to hold informal investor meet ahead of planned London IPO

Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year

Hyundai Motor India likely to launch Rs 25,000 crore IPO on Oct 14

Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, is expected to launch its much-awaited Rs 25,000-crore initial share-sale for public subscription on October 14, people familiar with the development said on Thursday. This would be the largest initial public offering (IPO) in India after LIC's initial share sale of Rs 21,000 crore. According to the Draft Red Herring Prospectus (DRHP) filed in June, Hyundai Motor India's proposed IPO is entirely an Offer-for-Sale (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component. Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale. This development marks a significant milestone for the Indian industry, as it is the first automaker's initial share sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003. The South Korean parent is diluting s

Garuda Construction and Engineering's Rs 264 crore IPO to open on Oct 8

Garuda Construction and Engineering Ltd on Thursday said it has fixed a price band of Rs 92-95 per share for its Rs 264-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on October 8 and conclude on October 10, the Mumbai-based company announced. The IPO is a mix of fresh issue of 1.83 crore equity shares and an Offer For 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 utilised for working capital requirements; and balance towards general corporate purposes including unidentified inorganic acquisitions. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 157 equity shares and in multiples of 157 equity shares thereafter

Rahee Infratech files IPO papers with Sebi, aims to raise Rs 420 crore

Rahee Infratech Ltd, an integrated railway civil engineering, manufacturing and construction firm, has filed preliminary papers with markets regulator Sebi for raising funds through an Initial Public Offering (IPO), comprising Rs 420 crore through fresh issuance of shares. Apart from fresh issues, the offer will have an Offer For Sale (OFS) component of 27.8 lakh equity shares by its promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. The Kolkata-based company may also consider raising Rs 84 crore in a pre-IPO placement round. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 50 crore will be utilised for the purchase of machinery, equipment and vehicles; Rs 280 crore for funding the working capital requirements of the company and the rest for general corporate purposes. Rahee Infratech is focused on providing manufacturing and construction services including the design, supply, ..

Varindera Constructions files draft papers to secure Rs 1,200-cr via IPO

Varindera Constructions has filed draft papers with capital markets regulator Sebi to mobilise Rs 1,200 crore through an initial share sale. The proposed IPO (Initial Public Offering) is a mix of fresh issue of equity shares valued at Rs 900 crore and an Offer For Sale (OFS) of shares worth Rs 300 crore by promoters, draft papers filed on Monday showed. Varinder Kumar Garg and Sushma Garg will offload shares worth Rs 201 crore and 99 crore, respectively under the OFS. Proceeds from the fresh issue will be utilised for the purchase of equipment, to support the working capital requirements of the company, payment of debt and for general corporate purposes. Varindera Constructions is an integrated Engineering, Procurement and Construction (EPC) company with experience in the construction of building projects, including residential units, and office complexes, as well as undertaking infrastructure projects such as metro depot and aircraft hangar. In the last 10 fiscal years (ended Mar

Vikram Solar files draft papers to raise Rs 1,500 crore through IPO

Solar module maker Vikram Solar on Tuesday said it has filed draft papers with market regulator Sebi seeking permission to raise Rs 1,500 crore through an initial public offering (IPO). The initial share sale will include fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of up to 17.45 million shares by its promoter group, the Kolkata-based firm said. The issue at a face value of Rs 10 each will include a fixed quota for eligible employees, alongside a discount for those participating in the employee subscription portion, according to the draft red herring prospectus (DRHP) filed by the company. Besides, the company may also consider issuing specified securities up to Rs 300 crore as a "pre-IPO placement", it said. Of the total issue size, up to 50 per cent of shares will be allocated to qualified institutional buyers, 15 per cent to non-institutional bidders, and the remaining 35 per cent will be open for retail subscriptions by individual investors.

AI chip firm Cerebras records threefold revenue jump in US IPO filing

Receding recession fears and a strong equities rally have also rejuvenated the US IPO market in 2024 after two lackluster years

Statsguru: FPI investments rise on India's strong growth outlook, IPO boom

Net investments by FPIs reached a five-quarter high, with a net inflow of over $11 billion as of September 26 in the July-September quarter (Q3) of calendar year (CY) 2024

IPO rush: Hyundai, Swiggy among cos looking to raise Rs 60K cr in Oct-Nov

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs. Munish Aggarwal, Managing Director and Head - Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale. The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas, which is .