Page 38 - Initial Public Offering (ipo)

Reliance Retail Ventures may sell another 8-10% stake to prepare for IPO

Further dilution of stake might make its IPO size manageable

Jupiter Hospitals raises Rs 123 cr in pre -IPO round; gets Sebi's nod

Multi-specialty hospital chain Jupiter Life Line Hospitals has mobilised Rs 123 crore from institutional investors in the pre-IPO (initial public offering) round. In addition, the company has received capital markets regulator Sebi's go-ahead to raise funds through its IPO. It received Sebi's observation letter on August 11, an update with the regulator showed on Tuesday. The company issued 16.7 lakh shares at a price of Rs 735 apiece, according to a public announcement. Investors participated in the pre-IPO round include SBI Magnum Children's Benefit Fund, SBI Optimal Equity Fund, SBI Healthcare Opportunities Fund, Neuberger Berman Emerging Markets Equity Fund, Neuberger Berman Europe Holdings LLC and Neuberger Berman Strategic India Equity Master Fund Holdings Ltd. In addition, High Conviction Fund - Series 1, Ashoka India Equity Investment Trust PLC, Think India Opportunities Master Fund LP and DC Ikka Ltd too participated. In May, Jupiter filed its preliminary papers with the

SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore

Three Indian family investment offices have reportedly picked up stakes in the SoftBank-backed e-commerce firm

TVS Supply Chain IPO gets fully subscribed on day two of subscription

The Initial Public Offer (IPO) of TVS Supply Chain Solutions, part of TVS Mobility Group, was fully subscribed on the second day of subscription on Friday. The Rs 880 crore IPO received bids for 2,58,46,384 shares against 2,51,22,289 shares on offer, translating into 1.03 times subscription, as per NSE data. The category for Retail Individual Investors (RIIs) received 3.62 times subscription, the non-institutional investors part got subscribed 1.02 times and the portion for Qualified Institutional Buyers (QIBs) 15 per cent. The IPO has a fresh issue aggregating up to Rs 600 crore and an offer for sale of up to 1,42,13,198 equity shares. The company's IPO is in a price range of Rs 187-197 per share. TVS Supply Chain Solutions on Wednesday said it has mobilised Rs 396 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for inorgani

IdeaForge IPO fully booked on day 1; should you bid? Read what analysts say

According to IPO watch, shares of IdeaForge enjoyed a premium of Rs 450 in grey markets, implying a likely listing price of Rs 1,122 on the upper price band

Govt may file draft papers for IREDA public offering by Sept: DIPAM Secy

The government is planning to file draft papers for an initial public offering of state-owned Indian Renewable Energy Development Agency (IREDA) by September, a top official said. "We have appointed the merchant bankers and they will proceed with valuation. We should be able to file the DRHP in 3-4 months, could be by September," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI. A public sector enterprises under Ministry of New and Renewable Energy (MNRE), IREDA is engaged in the financing of renewable energy and energy efficiency projects. Last month, the Cabinet Committee on Economic Affairs (CCEA) approved the listing of IREDA through an initial public offer (IPO) to part sale the government's stake and raise funds for IREDA through the issue of fresh equity shares. Earlier in March 2022, the government infused Rs 1,500 crore capital in IREDA, which is a non-banking finance company (NBFC). The company posted an all-time high net

Nexus Select Trust's initial public offering garners 5.4 times subscription

The REIT plans to utilise the net proceeds of the fresh issue portion to repay debts and to acq­uire stakes and redeem debt securities in ce­rtain asset special purpose vehicles

Pencilmaker Doms Industries looks to go public to raise $300 million

RR Group launched the stationary brand Doms in 2006 and later consolidated its operations based in Umbergaon and renamed as Doms

Mankind Pharma's initial public offering subscribed 87% on day 2 of issue

Mankind Pharma on Monday allotted shares worth Rs 1,298 crore to 77 anchor investors including 16 domestic mutual funds that participated through 41 schemes

Mankind Pharma IPO opens today: Check GMP, price band, other details here

Mankind Pharma IPO listing date: The IPO is likely to list on NSE and BSE on May 8

Sebi takes more stringent approach towards initial public offerings

Regulator insisting firms identify promoter entities wherever possible, say investment bankers

Adani's Rs 20,000-cr FPO subscriber info not available: Sebi to RTI query

"The respondent, in response to the aforesaid queries, informed that the information sought is not available with Sebi," noted the Appellate Authority under the RTI Act

Infinium, MOS, Exhicon, Sancode IPOs to be launched today; check details

All the IPOs belong to the Small and Medium Enterprises (SME) segment

Udayshivakumar Infra IPO: Shares to be allotted today; learn how to check

Udayshivakumar Infra IPO listing date: The shares of the IPO are expected to be listed on the bourses on April 3

Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month

Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions

Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month

Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions

Avalon Technologies IPO opens next week: Check GMP, other details here

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

Avalon Technologies IPO opens next week: Check GMP, other details here

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

Udayshivakumar Infra IPO opens today: Check GMP, other key details here

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

Udayshivakumar Infra IPO opens today: Check GMP, other key details here

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31