Page 50 - Initial Public Offering (ipo)

Jeweller Joyalukkas said to plan $400 million IPO next year: Report

Joyalukkas may file a draft prospectus by end of November or early December: report

Top headlines: Ola selects banks for IPO; PhonePe now an insurance broker

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Ami Organics IPO to open on Sep 1; sets price band at Rs 603-610 per share

Speciality chemicals maker Ami Organics on Friday said it has fixed a price band of Rs 603-610 a share for its Rs 570-crore initial share sale. The three-day initial public offer (IPO) will open on September 1 and conclude on September 3, the company announced in a virtual press conference. The IPO comprises a fresh issue of equity shares worth Rs 200 crore and an offer for sale of up to 60,59,600 equity shares by existing shareholders. The company has reduced its fresh issue size to Rs 200 crore from Rs 300 crore after raising Rs 100 crore in a pre-IPO placement. At the upper end of the price band, the initial share sale is expected to fetch Rs 569.63 crore. Proceeds from the fresh issue will be used towards repayment of certain debt and funding working capital requirements. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Ami Organics is one of the lea

China may ban overseas IPOs for tech firms with data security risks: Report

The ban is also expected to be imposed on companies involved in ideology issues, said the person, declining to be identified as the matter is private.

No word from Sebi on Adani Wilmar IPO being kept in abeyance: Adani Group

The Adani Group has said that it has not received any formal communication from the Securities & Exchange Board of India (SEBI) with respect to Adani Wilmar initial public offering (IPO) observations being kept in abeyance.

Footwear retailer Metro Brands files IPO papers with Sebi

Footwear retailer Metro Brands Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale of 21,900,100 equity shares by selling shareholders, according to the draft red herring prospectus (DRHP). The company will consider a pre-IPO placement aggregating up to Rs 10 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds of the fresh issue will be used towards expenditure for opening new stores of the company, under the "Metro", "Mochi", "Walkway" and Crocs brands and for general corporate purposes. The company-backed by ace investor Rakesh Jhunjhunwala, is an Indian footwear retailer targeting the economy, mid and premium segments in the footwear market. It opened its first store under the Metro brand in Mumbai in 1955, and have since evolved into a one-stop shop for all footwear

'Markets on fire': 2021 may turn out to be India's year of IPO, says RBI

The successful Initial Public Offerings (IPOs) by new age companies in the recent months are a reflection of bullishness about Indian technology, it said.

Top headlines: Govt's settlement with Cairn, hurdle in Paytm's $2.2 bn IPO

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KFC, Pizza Hut operator Sapphire Foods files IPO papers with Sebi

On Monday, Sapphire Foods announced that it raised Rs 1,150 crore funds through a mix of primary and secondary rounds from private equity funds

IPO-bound Paytm to expand ESOP pool to 61 mn shares through EGM on Sep 2

The startup is backed by Berkshire Hathaway Inc. and Jack Ma's Ant

Top headlines: Cloudtail to stop operations; Oyo gets IPO process going

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SoftBank-backed Oyo shortlists 3 investment banks for $1.2-bn IPO: Report

The hotel aggregator, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs, cost cuts and losses during the global health crisis

Nuvoco Vistas garners Rs 1,500 cr from anchor investors ahead of IPO

The initial public offering (IPO) comprises fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise.

Top headlines: Retail rush for 4 IPOs, lenders worried over RIL-Future deal

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Chemplast Sanmar IPO to open on Aug 10; price band at Rs 530-541/share

The initial share sale will conclude on August 12

US regulator freezes Chinese company IPOs over risk disclosures: report

The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) and other sales of securities by Chinese companies

Didi Global denies media report it plans to go private after $4.4 bn IPO

Shares in Didi, which jumped as much as 40% to $12.42 in premarket trading after the report, pared gains after trading opened on Wall Street.

Windlas Biotech IPO to open on Aug 4; price band set at Rs 448-460/share

Windlas Biotech, manufacturer of pharmaceutical formulations, on Thursday said it has fixed a price band of Rs 448-460 a share for its initial share-sale. The three-day initial public offer (IPO) will open on August 4 and conclude on August 6, the company announced in a virtual press conference. The IPO comprises fresh issuance of equity shares worth Rs 165 crore and and an offer for sale of up to 5,142,067 equity shares. As a part of the OFS, Vimla Windlass will offload 11.36 lakh equity shares, and investor Tano India Private Equity Fund II will sell 40,06,067 equity shares. At the upper end of the price band, the initial share-sale will fetch Rs 401.53 crore. The proceeds from the IPO will be utilised for purchasing of equipment required for capacity expansion of the facility at Dehradun Plant -IV and addition of injectables dosage capability at the facility at Dehradun Plant-II. It will also be used for funding incremental working capital requirements, repayment/ prepayment o

Sebi mulls IPO reforms on book building, price band aspects

The Sebi chief said the regulator is examining the minimum shareholding and public float at a concept level.

Top headlines: L&T Q1 net profit soars; Tata Motors Q1 net loss narrows

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