Page 47 - Initial Public Offering (ipo)

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

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