Page 48 - Initial Public Offering (ipo)

Investment bankers see 58% decline in earnings, shows data

Most companies had to hit pause on their fund-raising plans amid a sharp fall in the stocks, more so for those in the broader market.

PKH Ventures files draft papers for IPO with Sebi

PKH Ventures, a construction and hospitality firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The public issue comprises fresh issuance of 1.826 crore equity shares and an Offer For Sale (OFS) of 0.983 crore shares by its promoter, according to the Draft Red Herring Prospectus (DRHP). The company may also consider a pre-IPO placement of 15 lakh equity shares. Proceeds of the issue will be used to invest in subsidiaries -- Halaipani Hydro Project Pvt Ltd and Garuda Construction -- funding long-term working capital requirements, for funding strategic acquisitions and investments, among others. The Mumbai-based company has three business verticals -- construction and management, hospitality and management services. For the financial year ended March 31, 2021, the company had a profit after tax of Rs 51.63 crore while the total income stood at Rs 265 crore. IDBI Capital Markets & Securities and BOB Capital

Market swings throw Indian firms' 2022 listing plans off track

Firms will now require to update their financials

Corrtech International files draft papers with Sebi to raise funds via IPO

Corrtech International is one of the leading focused providers of pipeline laying solutions including hydrocarbon pipeline laying works in India

Banks, corporate treasuries dial in for LIC IPO, signal all-round interest

The country's largest public offer has seen strong interest from investors who queued up to be part of the roadshows organised by the Centre's battery of merchant bankers.

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

What does a delayed LIC IPO mean?

The govt's plan to mop up over Rs 60,000 cr by selling 5% stake of LIC this financial year seems to have hit a roadblock, because of the war in Ukraine. Find out the implications of this delay

IPOs to watch out for once the primary market starts buzzing

LIC, Delhivery, PharmEasy among deals to be keenly followed by the market

Sebi tightens IPO valuation scrutiny, jolts start-ups eyeing listings

Sebi's push comes after the flop listing of SoftBank-backed payments firm Paytm's $2.5 billion IPO in November

Noida-based EbixCash files DRHP for Rs 6,000 cr IPO of fresh shares

The company may also consider raising further equity including a rights issue of up to Rs 1,200 crore. If this placement is completed, the fresh issue size will be reduced

Hope volatility in markets recedes for LIC IPO launch: DIPAM secretary

There are certain external factors affecting the markets because of the conflict in Europe, and the government is watching the situation carefully, the official said

LIC IPO: Govt to take call in best interest of investors, says DIPAM Secy

In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale

Top headlines: PM calls for dialogue on Ukraine, 800 drugs to get costlier

Fund manager Mark Mobius says he sees more downside in equity markets amid the invasion of Ukraine. More on that in our top headlines.

Top headlines: India skips UNSC vote on Russia, LIC IPO pricing in limbo

Russia-India defence sales face looming sanctions. More on that in our top headlines.

Top headlines: US to consult India on Ukraine, India Inc faces margin dip

The Centre will wait and watch how the Russia-Ukraine crisis affects the stock markets before taking a call on deferring the IPO of LIC. More on this in our top headlines.

Tech cos going public, ESG key challenges to capital markets: Sebi chief

Sebi chief Ajay Tyagi on Thursday said the increasing trend of new age technology companies, which are generally loss making, accessing public market is a key challenge to the capital markets

LIC IPO will test India's market depth, says Moelis India's Manisha Girotra

"The LIC IPO will suck liquidity from the market. That's another reason that you will see the markets getting volatile," said Girotra.

LIC says PMJJBY policyholders are not eligible for 'quota benefits'

LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO

Top headlines: Putin accelerates Ukraine crisis; India set to unlock data

LIC has not paid any dividends in nearly three years, something that may have helped shore up the insurer's net worth ahead of its IPO. More on that in our top headlines.

Archean Chemical Industries files paperwork with Sebi to launch IPO

Archean is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world