Page 17 - Initial Public Offerings

Abans Holdings, Landmark Cars IPOs get lukewarm response from investors

Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise

IPO pipeline in India seen active in 2023 on smaller deals, shows data

Only 2 companies raised more than $500 mn via public offers in 2022

Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz

Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more

Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday

Paytm in focus as board considers buyback; IIAS raises key concerns

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

Tata Motors to partially sell stake in subsidiary Tata Tech via IPO

The offering could be Tata group's first since listing of TCS in 2004

Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more

Foreign portfolio investors (FPIs) have scaled back their bullish bets, nearly triggering a 500-point fall in the Nifty50 Index

Demat additions lukewarm despite market's extended run in November

About 1.8 million new accounts added, 20% below monthly average for calendar 2022

Uniparts India IPO receives 25.32 times subscription on last day of offer

The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription on Friday. The IPO received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors got 17.86 times subscription and the portion for Retail Individual Investors (RIIs) 4.61 times. The IPO of up to 1,44,81,942 equity shares had a price range of Rs 548-577 a share. On Tuesday, Uniparts India said it has raised Rs 251 crore from anchor investors. Since the IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and

CIEL HR acquires talent assessment company, plans IPO in Q2 of FY24

Skilling solutions firm is in talks to acquire two other professional staffing companies before its goes public

Tata Play becomes first firm to file confidential papers with Sebi for IPO

Offer document open to scrutiny only by regulator, exchanges; the Walt Disney Company-led firm eyeing a Rs 3,000-crore IPO

Dharmaj Crop IPO subscribed 36 times; promising start for Uniparts

It raised Rs 216 crore by issuing fresh equity in the IPO

Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up

Primary market momentum seen sustaining in an otherwise 'lacklustre' month

Aditya Birla Group led incubator buys majority stake in 8 lifestyle brands

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

Surge in bookings, cost cutting fuel 8-fold surge in IPO-bound OYO's Ebitda

Spike in adjusted Ebitda primarily driven by a 23% QoQ rise in Gross Booking Value per hotel in Q2 to Rs 4,00,000; firm still ends with Rs 333 cr loss

Dharmaj Crop IPO subscribed 1.8x on Day-1, QIB portion not fully covered

Retail, HNI fully covered, institutional investor portion subscribed 35%

What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree

In a studied contrarian move, the Ronnie Screwvala-led edtech company is on a hectic expansion spree

Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23

Adani Enterprises to raise Rs 20,000 crore through follow-on public offer

The face value of each Adani Enterprises share would be Rs 1 each and the approval of the shareholders would be taken via postal ballot