Page 49 - Initial Public Offering (ipo)

Dodla Dairy's IPO to open on Jun 16; price band set at Rs 421-428/share

Dodla Dairy is a leading dairy company in south India

Shyam Metalics' Rs 1,107-cr initial public offering to open on Jun 14

The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday. The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on June 11, they said. The IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer-for-sale to the tune of Rs 450 crore by existing shareholders, according to the draft red herring prospectus. Those participating in the OFS are Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles. Going by the draft papers, the company intends to utilise the net proceeds from the fresh issue for repayment or prepayment of Rs 470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd; and for other general corporate purposes. Shyam Metalics and Energy, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its

Paytm shares soar over 80% in grey market on hopes of a killing in IPO

The Ant Group-backed firm has got in-principle nod from its board to raise Rs 22,000 cr; IPO is expected to hit the market before end of calendar year

Glenmark arm, Emcure, 3 other pharma cos line up Rs 7,000-cr IPOs

The healthcare sector is in the limelight for the second consecutive year

Investors can expect upside in long term from Rs 3,600-cr GoAir IPO

Fresh funds will reduce pressure on balance sheet but a lot will depend on the company's ability to return to growth

GoAir banks on low-cost structure, promoter backing for successful IPO

The company has filed DRHP to raise Rs 3,600 crore

Fincare Small Finance Bank files Rs 1,330-cr IPO papers with Sebi

Digital lender Fincare Small Finance Bank has filed preliminary papers with capital market regulator Sebi to raise Rs 1,330 crore through an initial share-sale.

Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday

The price band for the IPO is 99-100 per unit of Rs 100 each

Grab's Nasdaq debut to test its $40 bn valuation, set roadmap for SPACs

The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia.

Tamilnad Mercantile Bank plans IPO of up to Rs 1,200 crore this fiscal

The Tamilnad Mercantile Bank will turn 100 this year

The Contrarian Mr Khattar

Heads of car companies are known by the models they launch. Khattar launched several. Most notably, the Swift and Dzire, remade Maruti into their own image as modern, peppy, and cheery little cars

Arohan Financial Services, Dodla Dairy get Sebi's go ahead for IPO

Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi's go-ahead to float initial share-sales. The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday. Sebi's observation is very necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO), and rights issue. Arohan Financial Services plans to raise between Rs 1,750 crore and Rs 1,800 crore, as per market sources. The public offer of the Aavishkaar Group promoted company comprises a fundraise through a fresh issuance of shares amounting to Rs 850 crore, according to Draft Red Herring Prospectus (DRHP). In addition, the company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private ...

China's ByteDance says it has no recent plans for public listing

The firm conducted a thorough study

India records 22 IPOs worth over $2.5 bn in January-March period

The trend is likely to stay bullish in the current quarter also, according to a report.

Glenmark Pharma arm files paperwork for IPO with market regulator

Glenmark Pharmaceuticals on Saturday said its wholly-owned arm Glenmark Life Sciences has filed paperwork to go public

Grab considering secondary Singapore listing after US SPAC merger: report

SGX has mainly only seen large IPOs from real estate investment trusts.

Cryptocurrency exchange Coinbase jumps 11% day after Nasdaq debut

The firm had a high-profile debut on the Nasdaq

Lodha group's Rs 2,500 crore IPO subscribed 35% on penultimate day

Most of the bids so far have come from qualified institutional buyers (QIB)

Macrotech Developers' IPO draws mixed response from brokerages

The firm is one of India's largest developers by residential sales value for FY14 to FY20. Its core business is residential real estate development with focus on affordable and mid-income housing

Tatva Chintan Pharma Chem files Rs 450-cr initial public offering papers

Specialty chemical manufacturing company Tatva Chintan Pharma Chem has filed preliminary papers with capital markets watchdog Sebi to raise Rs 450 crore through an initial share sale. The initial public offer (IPO) comprises fresh issuance of equity shares worth Rs 225 crore and an offer of sale to the tune of Rs 225 crore by existing promoters and shareholders, according to draft red herring prospectus (DRHP). Proceeds from the fresh issue would be used towards fundingcapital expenditure requirements for expansion of the company's Dahej manufacturing facility; up-gradation of an R&D facility in Vadodara; and general corporate purposes. In addition, the company said it expects to receive the benefits of listing equity shares on the stock exchanges including enhancing visibility and brand image among existing and potential customers and creating a public market for equity shares in India. Vadodara-basedTatva Chintan is a speciality chemical manufacturing company. The companyexport .