Page 44 - Initial Public Offering (ipo)

Square Yards plans Rs 1,500 cr IPO; to soon file draft paper with Sebi

The issue would be a mix of fresh issuance and offer for sale (OFS) for existing shareholders

Supriya Lifescience IPO fully subscribed within few hours of opening

On Wednesday, the company raised Rs 315 crore from anchor investors

Syrma SGS Technology files draft papers to raise up to Rs 1,200 cr via IPO

Electronic manufacturing services firm Syrma SGS Technology has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 1,200 crore through an initial public offering (IPO). The public issue comprises fresh issue of shares worth Rs 926 crore, and an offer for sale (OFS) of up to 33.69 lakh equity shares by Veena Kumari Tandon, according to the draft red herring prospectus (DRHP). The company may also consider raising Rs 180 crore via a pre-IPO placement before filing its red herring prospectus and, if that happens, the issue size will be altered accordingly. As per market sources, the company is looking to garner between Rs 1,000 crore and Rs 1,200 crore. The net proceeds from fresh issue will be utilised for funding capital expenditure requirements to expand manufacturing as well as R&D facilities, funding long-term working capital requirements besides general corporate purposes. Syrma SGS is a technology-focussed engineering and design company engaged in .

Metro Brands Ltd IPO subscribed 52% on second day of subscription

The IPO has a fresh issue of Rs 295 crore and an offer-for-sale of up to 2,14,50,100 equity shares

MedPlus Health Services IPO subscribed 70% on first day of subscription

The Rs 1,398.3-crore IPO received bids for 8,762,598 shares against 12,575,154 shares on offer

Footwear retailer Metro Brands IPO receives 27% subscription on first day

The company on Thursday raised more than Rs 410 crore from anchor investors

IPO-bound India firm powering Apple Maps eyes overseas expansion

India earlier this year relaxed centuries-old stringent controls over mapping and other geographic data, providing a boost for companies such as MapmyIndia

Raymond-owned JK Files & Engineering files paperwork for Rs 800-cr IPO

JK Files & Engineering Ltd, a company that is in the business of auto parts, has filed preliminary documents with markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The public issue is entirely an offer of sale (OFS) of equity shares to the tune of Rs 800 crore by promoter Raymond Ltd, according to the draft red herring prospectus filed on Wednesday. At present, Raymond, the country's leading player in suiting and shirting, holds 100 per cent stake in the company. Since the public issue is completely an OFS, the company will not receive any funds raised from the IPO. The company is engaged in the manufacturing of precision engineered components for tools and hardware (files and drills) and marketing of hand tools, power tool accessories and power tool machines and manufacturing of auto components and engineering products -- RNG gears, flexplates and water pump bearings. JK Files & Engineering posted a consolidated profit of Rs 25.46 crore ..

Flipkart IPO 'very much on the cards', no timeline for it: Walmart CFO

Flipkart IPO: Timing will depend on where the business is and market conditions, says Brett Biggs

Top headlines: New rules for international arrivals; Spinny latest unicorn

Business Standard brings you the top stories on Tuesday

FabIndia seeking $500 mn in IPO at $2-bn valuation: Report

Its backers include PremjiInvest, the family office of Azim Premji

MedPlus Health IPO to open on Dec 13 at Rs 780-796/share price band

The bidding for anchor investors will open on December 10

Goldman, Morgan Stanley bid to buy into MapmyIndia's Rs 1k-cr IPO: Report

MapmyIndia's data powers Apple Inc.'s Maps and Amazon.com Inc.'s Alexa voice assistant

Specialty chemical firm Aether plans to file up to Rs 1k-cr IPO next week

Aether Industries caters to the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments

Ride-hailing firm Ola plans IPO in first half of 2022, readies 'super app'

The firm has plans to raise up to $1 billion through an IPO

IPO-bound Metro Brands aims to utilise Rs 250 cr for store expansion

At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years

HC rejects 19-year-old's plea on 'hasty manner in which IPOs are passed'

The counsel for the petitioner claimed that the boy was a retail investor who was seeking a framework to ensure proper functioning of the securities market

Shri Bajrang Power & Ispat to nearly halve debt from Rs 700-cr IPO

Raipur-based integrated steel manufacturer Shri Bajrang Power & Ispat plans to pay back around Rs 400 crore of its long-term debt from the proceeds of its forthcoming Rs 700-crore initial share sale. The company, among the top 10 in terms of installed capacity for iron ore pellets, iron ore beneficiation and sponge iron, has a little over Rs 840 crore of debt, of which nearly half is long-term debt which it plans to repay with the IPO money. After the repayment, the fully family-owned company will be left with around Rs 500 crore of debt, Anand Goel, one of the promoters and the executive director of the company, told PTI. The company is undertaking a Rs 217-crore brownfield expansion which will expand its capacity for sponge iron, steel melting, rolling mill, ferro alloys and captive power. The project is expected to be completed by early January next, said Sandeep Goel, one of the promoters and the chief financial officer, adding the entire capital expenditure was through ...

Kolkata-based Tega Industries' initial public offering to open on Dec 1

The initial share-sale of Tega Industries, manufacturer of consumables for the mining industry, will open for public subscription on December 1.

Jhunjhunwala-backed Star Health looking to raise Rs 7k cr via IPO: Report

The offer will open for subscription on Nov. 30