Page 42 - Initial Public Offering (ipo)

Dharmaj Crop Guard IPO subscribed over 5x on strong retail, HNI interest

The two categories were subscribed around 7 times each; QIB was nearly half covered

Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

Inox Green IPO to open on Nov 11, sets price band at Rs 61-65 per share

Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 11 and conclude on November 15, and the bidding for anchor investors will open on November 10, the company said in a BSE filing. As per the draft papers, the IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of shares aggregating to Rs 370 crore by promoter Inox Wind. Besides, the company may consider a pre-IPO placement. If such a placement is completed, the fresh issue size will be reduced. Inox Green Energy Services, which had filed draft IPO papers with Sebi on June 20, obtained the observation letter from the regulator on September 13. The issuance of an observation letter by Sebi implies its go-ahead to float an IPO. Going by the draft papers, proceeds from the fresh issue will be used for payment of debt and general ...

DCX Systems IPO receives 8.8 times subscription on second day of offer

The company has priced its IPO between Rs 197 to 207 per share

4 IPOs likely to open this week. Which one's worth your money?

Four companies are looking to raise over Rs 4,000 cr this week via IPO. DCX Systems and Bikaji Foods are already seeing investors' interest in the grey market. Do these IPOs deserve your money?

Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1

Price band set at Rs 197-207 a share; retail portion sold 8.7x

DCX Systems IPO fully subscribed on Day 1; receives 2.11 times subscription

The Initial Public Offering (IPO) of DCX Systems, manufacturer of cables and wire harness assemblies, received 2.11 times subscription on the first day of offer on Monday. The IPO received bids for 3,05,65,584 shares against 1,45,11,146 shares on offer, according to NSE data. The category meant for Retail Individual Investors (RIIs) received 8.70 times subscription, while the portion for non-institutional investors got subscribed 2.16 times. Qualified Institutional Buyers (QIBs) quota received 3 per cent subscription. Fresh issue aggregating up to Rs 400 crore and an offer for sale of up to Rs 100 crore. The price range for the offer is at Rs 197-207 a share. On Friday, DCX Systems said it has raised Rs 225 crore from anchor investors. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure and general corpora

SFBs need Rs 4,000 cr capital to maintain 30% CAGR in advances: CareEdge

Capital raising delayed amid volatile markets, lower risk apetite among investors

Busiest week for IPOs this year with four offers set to hit market

The last time four IPOs had hit market was in Dec 2021; latest rush notwithstanding, year 2022 has been lukewarm for IPOs with sustained FPI outflows, spike in volatility, correction in broader mkts

SpaceX could spin off Starlink as public company by 2025: Report

Tech billionaire Elon Musk could spin Starlink off from SpaceX and carry out an initial public offering by 2025, media reports said

New issue pricing onus may put independent directors in a spot: Experts

Experts feel Sebi diktat may deter those with non-financial background from joining boards

Review, GMP, valuations: Should you subscribe to Electronics Mart IPO?

The grey market premium (GMP) on Elecrtonics Mart India's (EMI's) shares was Rs 30-35 apiece, translating into a listing pop of up to 59 per cent

WAPCOS files IPO papers with Sebi as govt sets new divestment targets

Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering. The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India, according to the Draft Red Herring Prospectus (DRHP). WAPCOS provides consultancy, and engineering, procurement and construction services in the field of water, power and infrastructure sectors. It comes under the Ministry of Jal Shakti. The company also provides its services abroad, particularly in South Asia and across Africa in the fields of dam and reservoir engineering, irrigation and flood control. It has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing, as per DRHP. The company's revenue from operations increased 11.35 per cent to Rs 2,798 crore in the financial year 2022 while profit after tax rose 14.47 per cent to Rs 69.16 crore during the same ...

Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules

Company promoters bought shares even when they held more than 75 per cent

It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr

In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months

Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue

TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore

Decoding Azure Power: India's first NYSE-listed renewables company

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

Zomato's weightage in FTSE indices to rise to 24.9% from August 11

Shares of Zomato gained 2 per cent to close at Rs 55.6

28 cos secure Sebi's clearance to float IPOs worth Rs 45k cr in April-July

These firms are yet to announce the launch date of their IPOs and are waiting for the right time to float their issues as current market conditions are challenging, merchant bankers said

Why Zomato's pre-public offer investors are rushing to the exit door

Though stock has crashed 65% from peak, most pre-IPO investors are in-the-money even at beaten-down valuations