Page 52 - Initial Public Offerings Ipos

Medi Assist files IPO papers with Sebi again; public issue entirely an OFS

Medi Assist Healthcare Services has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial share sale. This is the company's second attempt to go public. Earlier, it had filed draft papers with the Securities and Exchange Board of India (Sebi) in May 2011, for floating an IPO but deferred the maiden public issue amid pandemic-induced rough market conditions. According to the fresh draft red herring prospectus (DRHP) filed on Friday, the initial public offering (IPO) is entirely an offer for sale of up to 2.8 crore equity shares of Medi Assist by promoters and existing shareholders. Those selling shares in the offer for sale include Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity Fund I. Since the issue is completely an OFS, the company will not receive any proceeds and all the funds will go to the selling shareholders. Explaining

Rishabh Instruments' IPO to open on Aug 30; price band fixed Rs 418-441

Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO). The maiden public issue will open for subscription on August 30 and close on September 1, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP). Asha Narendra Goliya, Narendra Rishabh Goliya (HUF), Rishabh Narendra Goliya, and SACEF Holdings II will offload shares of the company in the OFS. Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes. The company through its IPO will fetch Rs 469.10 crore - Rs 490.78 crore at the lower and upper end of the price band, ...

SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore

Three Indian family investment offices have reportedly picked up stakes in the SoftBank-backed e-commerce firm

HDFC Bank to sell 2% stake in NSDL IPO; IDBI Bank to sell 22.2 mn shares

In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders

IPO fundraising shrinks, block deals robust during first half of CY23

So far in 2023, 7 companies have completed their IPOs and raised a cumulative Rs 6,910 crore. By comparison, 16 companies had raised a record Rs 40,310 crore during the same period last year

Tata Technologies IPO: Read to know everything about the company, listing

The Tata Motors subsidiary Tata Technologies filed for Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 9. Check out the full IPO details here.

Mankind Pharma IPO to open next week: Check price band, GMP, other details

Mankind Pharma IPO GMP: According to reports, the IPO is commanding a great market premium of Rs 80 per share today

Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend

On Monday, shares of Avalon Technologies enjoyed Rs 30 premium in the grey market, which translated to a likely listing price of Rs 465 apiece on the upper price band

OYO pre-files draft paper for IPO; likely to list around Diwali: Report

Oravel Stays - which operates hospitality tech firm OYO - on Friday pre-filed its Draft Red Herring Prospectus with stock market regulator Sebi, sources said. Sources close to the company told PTI OYO may launch its initial public offering (IPO) around Diwali this year. Unlike the traditional route where companies have to launch the IPO within 12 months from the Sebi approval, or final observation; in the pre-filing route, an IPO can be floated within 18 months from the date of Sebi's final comments. This route also provides flexibility to change primary issue size by 50 per cent till the Updated Draft Red Herring Prospectus (UDRHP) stage. Explaining the rationale for filing through the pre-filing route, a source said, "The market continues to be highly volatile globally and to an extent in India as well. Filing through the pre-filing route will give OYO some leeway on the timing of the listing, as well as on fine-tuning the issue size, basis the market conditions, to between USD 4

Infinium, MOS, Exhicon, Sancode IPOs to be launched today; check details

All the IPOs belong to the Small and Medium Enterprises (SME) segment

SPC Lifesciences files draft papers with Sebi for initial public offer

Pharmaceutical ingredients maker SPC Lifesciences Ltd has filed preliminary papers with the capital market regulator Sebi to raise funds through an initial public offering. The Initial Public Offering (IPO) consists of fresh issuance of equity shares worth Rs 300 crore and an Offer For Sale (OFS) of 89.39 lakh equity shares by promoter -- Snehal Rajivbhai Patel -- according to the draft red herring prospectus. The company may consider a pre-IPO placement aggregating up to Rs 60 crore and if such a placement is completed, then the fresh issue size will be reduced. The proceeds from the fresh issue will be used to pay debt, to support working capital needs and to fund capital expenditure requirements for setting up Phase-2 at its Dahej facility in order to expand product offerings of pharmaceutical intermediates, and for general corporate purpose. Gujarat-based SPC Lifesciences is a leading manufacturers of advanced intermediates for certain key active pharmaceutical ingredients. Th

Udayshivakumar Infra IPO: Shares to be allotted today; learn how to check

Udayshivakumar Infra IPO listing date: The shares of the IPO are expected to be listed on the bourses on April 3

Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month

Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions

Udayshivakumar Infra IPO opens today: Check GMP, other key details here

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

After the Paytm's IPO fiasco, Sebi has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus (DRHP) with certain updates. Apart from OYO, the firms whose draft papers have been returned by the regulator are -- Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group; home-grown mobile maker Lava International; B2B payments and services provider Paymate India; Fincare Small Finance Bank India and integrated services company BVG India, according to an analysis of data with Sebi . The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10). Together, these companies were hoping to raise at least

Initial public offering of Udayshivakumar Infra to kick off on Mar 20

The initial share sale of Udayshivakumar Infra Ltd is set to open for public subscription on March 20. The three-day initial public offering (IPO) would conclude on March 23. The bidding for anchor investors would open on March 17, the red herring prospectus (RHP) filed with Sebi showed on Tuesday. The IPO consists of fresh issue of equity shares aggregating to Rs 66 crore. Proceeds of the issue will be used to fund incremental working capital requirements and general corporate purposes. "With the Nifty down by around 10 per cent from the peak and underperforming other markets in 2023, the sentiments have turned negative. This is not a favourable time for IPOs, however, attractively priced IPOs will attract investors," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Udayshivakumar Infra is in the business of construction of roads. It bids for roads, bridges, canals, and industrial area construction projects in Karnataka, including government ...

Natural stones firm Global Surfaces sets IPO price at Rs 133-140 per share

Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, on Friday said it has set a price band of Rs 133-140 a share for its Initial Public Offering (IPO). The initial share sale, which opens for subscription on March 13, will close on March 15, the company said in a statement. The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters -- Mayank Shah and Sweta Shah. Funds raised through fresh issuance will be used for setting up the company's proposed facility -- Global Surfaces FZE -- in Dubai. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO. Half of the issue size has been reserved for qualified institutional buyers, up to 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Unistone Capital is the sole book running lead manager to the issue. The equity shares of the company will

Tata Technologies submits IPO papers with Sebi to raise capital via OFS

Currently, Tata Motors holds 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings which is a singapore-based investement firm managed by Tata Capital Advisors owns 8.96 per cent

Elin Electronics makes muted market debut; shares settle nearly 8% lower

Shares of electronics manufacturing services company Elin Electronics made a muted market debut on Friday and ended nearly 8 per cent lower against the issue price of Rs 247. The stock made its debut at Rs 243, a decline of 1.61 per cent against the issue price on the BSE. During the day, it fell 8.66 per cent to Rs 225.60. Shares of the company ended at Rs 227.80, lower by 7.77 per cent. At the NSE, the share of the company made its debut at Rs 244, lower by 1.21 per cent. It ended with a decline of 7.18 per cent at Rs 229.25. The company commanded a market valuation of Rs 1,131.24 crore on the BSE. In traded volume terms, 6.75 lakh shares of the company were traded at the BSE and over 80.19 lakh shares on the NSE during the day. The Initial Public Offer (IPO) of Elin Electronics was subscribed 3 times last week. The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore. The price range for the offer was Rs 234-2

Radiant Cash Management Services IPO subscribed 11% on second day

The initial public offer of Radiant Cash Management Services was subscribed 11 per cent on the second day of subscription on Monday. The initial share-sale received bids for 29,76,450 shares against 2,74,29,925 shares on offer, as per NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 16 per cent, while the portion for Retail Individual Investors (RIIs) received 12 per cent subscription and non-institutional investors 3 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 60 crore and an offer for sale of up to 33,125,000 equity shares. The price range for the offer is at Rs 94-99 a share. Based on the upper band of the share price, the IPO is expected to fetch Rs 388 crore. IIFL Securities, Motilal Oswal Investment Advisors and YES Securities are the managers to the offer.