Page 45 - Initial Public Offering (ipo)

Top headlines: Farmers hail repeal of farm laws; govt may tax crypto gains

Business Standard brings you the top stories on Friday

Top headlines: Paytm stock sinks 27% on debut; govt accepts Cairn's offer

Business Standard brings you the top stories on Thursday

AGS Transact Tech to use Rs 600 cr of IPO proceed to retire debt

AGS Transact Technologies, which leads the online payments space at fuel stations and is among the largest players in ATM and cash management services, will use Rs 600 crore of the Rs 800-crore-fully offer-for-sale issue to retire debt. Ravi Goyal, chairman & managing director of AGS, told PTI that the company has Rs 1,100 crore mostly long term debt, and post-IPO, it will come down to around Rs 500 crore as they will pay back Rs 600 crore and the remaining Rs 200 crore will come to the company. Currently, Goyal and his family own 95 per cent of the city-based firm, and the rest is with employees through Esops. The merchant bankers are yet to arrive at a valuation, which will decide how much the promoters will dilute their stake, he said. Goyal said debt rose after he bought out private equity firms Actis and TPG in 2018, which had invested Rs 410 crore in 2012 for 42 per cent equity. In 2018, they were bought out for Rs 450 crore. The Rs 800-crore IPO consists of Goyal selling 8

Sensex slips 314pts, Nifty ends below 17,900; RIL drops 2%, pvt banks fall

Maruti and Asian Paints were the top gainers among the Sensex 30 stocks, up 2.3 per cent each

Tarsons Products IPO subscribed 3.58 times on second day

The Rs 1,023.84-crore IPO received bids for 38,807,802 shares against 10,844,104 shares on offer, according to NSE

EMudhra files draft papers with Sebi to raise funds through IPO

The company has filed preliminary papers with Sebi

Policybazaar gains 23% on debut; Sigachi soars 3.7x

At the last closing price, Policybazaar parent PB Fintech was valued at Rs 54,000 crore. The company has raised Rs 3,750 crore in fresh capital in its IPO

Labware maker Tarsons Products IPO subscribed 1.1x on Day-1

The offer consists of Rs 150 crore of fresh fund raise and an OFS of Rs 874 crore

India's Paytm prices stock at top of range in $2.5 billion IPO

The success of the IPO is seen as a precursor for more big-ticket public floats to come in the next year

Top headlines: Oct retail inflation up marginally; Hindalco Q2 net surges

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Five Star Business Finance files Rs 2,752-crore IPO papers with Sebi

The IPO is an entirely an offer for sale (OFS) by existing shareholders and promoter group entities

Latent View IPO subscribed 23.22 times on Day 2 of offer

The Rs 600-crore IPO received bids for 40,69,77,264 shares against 1,75,25,703 shares on offer

Paytm finds buyers, but no blow-out demand in India's largest IPO

Institutional investors bid for 2.79 times the shares reserved for them, while retail investors bid for 1.66 times

Top headlines: Paytm IPO subscribed 1.89 times; Nykaa makes stellar debut

Business Standard brings you the top stories from today

Top headlines: Paytm IPO subscribed 48% on Day 2; M&M Q2 net surges 8-fold

Business Standard brings you the top stories from today

Questions-and-answers site Quora prepares for IPO in early 2022: Report

Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, say sources

Fintech firm Paytm signs up over 100 institutional investors for IPO

BlackRock Global Funds, Canada Pension Plan Investment Board and Abu Dhabi Investment Authority were among the investors

Sigachi Industries IPO subscribed 101.91 times on last day of the offer

The initial public offer of the company received a whopping 101.91 times subscription

Fino Payments Bank subscribed two times on last day, HNI response tepid

IPO was Rs 300 crore fresh fund raise, Rs 900 crore secondary share sale by promoter Fino Paytech; bank will use fresh proceeds to augment tier-1 capital base

Beauty startup Nykaa's IPO attracts bids of nearly $33 billion

The company received bids for 40 times the number of shares it plans to sell to anchor investors in its IPO