Page 18 - Initial Public Offerings

Kaynes Technology gains 18% on debut, adds Rs 103 to end at Rs 690 a share

The stock hit a high of Rs 787 and a low of Rs 675 on the BSE before close

Paytm stock crashes 11% to end at all-time low of Rs 477 a share

Macquarie report says the fintech firm could face headwinds with the entry of Jio Financial Services, which may focus on consumer and merchant lending, the mainstay of Paytm's business

Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery

The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20

M&As to drive hospital expansion in uncharted territory, say experts

Inorganic expansion gives instant market share in a new geography, greenfield works better in markets where a chain already has a presence, say industry players and analysts

Rating agencies raise red flag: QIP monitoring may hit disclosure wall

Disclosures around utilisation of issue proceeds not as exhaustive as IPOs: Rating agencies

Debutants put up a good show; Medanta soars 24%, Bikaji Foods up 6%

Medanta's stock hit a high of Rs 424.65 and a low of Rs 390.55 on the NSE, where Rs 2,000 crore worth of shares changed hands

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Keystone Realtors' IPO gets tepid response, oversubscribed 2x

Retail portion just half covered; institutional investor and HNI portions subscribed 3.8x and 3x, respectively

FHRAI writes to Sebi to stop OYO from launching IPO after CCI penalty

Federation of Hotel & Restaurant Associations of India on Tuesday said it has written to Sebi to stop OYO from launching its IPO in the wake of a penalty imposed by the Competition Commission of India on the hospitality and travel-tech firm for unfair business practices. OYO, however, said the Federation of Hotel & Restaurant Associations of India (FHRAI) is misrepresenting the CCI order and the letter to Securities and Exchange Board of India (Sebi) is to distract attention from the executive committee meeting of FHRAI being held as null and void by the NCLT, which has also ordered a court-monitored AGM of the hospitality industry body. In October this year, the Competition Commission of India (CCI) slapped penalties totalling more than Rs 392 crore on online travel firms MakeMyTrip, Goibibo, and hospitality services provider OYO for indulging in unfair business practices. "Now that OYO has been found guilty of indulging in anti-competitive and unfair business practices ...

Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

Firms pre-filing for IPOs may get to market to institutional investors

New clause to help issuers gauge institutional investor demand

Investors react positively to LIC's good showing in second quarter

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago

Inox Green Energy Services' Rs 740-crore IPO subscribed 85% on Day 2

The initial share-sale of Inox Green Energy Services, a subsidiary of Inox Wind, was subscribed 85 per cent on the second day of offer on Monday. The Rs 740-crore IPO received bids for 5,70,13,780 shares against 6,67,21,310 on offer, as per NSE data. Retail Individual Investors (RIIs) category was subscribed 2.93 times, Qualified Institutional Buyers (QIBs) portion received 47 per cent subscription and non-institutional investors got 23 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 370 crore and an offer for sale of up to Rs 370 crore. The public subscription will conclude on Tuesday and has a price range of Rs 61-65 a share. Inox Green Energy Services has collected Rs 333 crore from anchor investors. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine ...

Keystone Realtors' Rs 635-crore IPO subscribed 8% on Day 1 of offer

The Initial Public Offering (IPO) of Keystone Realtors, which sells properties under the brand 'Rustomjee', was subscribed 8 per cent on the first day of subscription on Monday. The Rs 635-crore IPO received bids for 7,24,599 shares against 86,47,858 shares on offer, according to an update available with the NSE. The category meant for Retail Individual Investors (RIIs) was subscribed 12 per cent and the quota for non institutional investors got 11 per cent subscription. The initial public offering has a fresh issue of up to Rs 560 crore and an offer for sale of up to Rs 75 crore. Price range for the offer is at Rs 514-541 a share. Keystone Realtors on Friday said it has collected a little over Rs 190 crore from anchor investors. The company intends to utilise the net proceeds towards funding the repayment/prepayment of borrowings to the tune of Rs 341.6 crore as well as towards funding the acquisition of future real estate projects and general corporate purposes. Founded in 199

Inox Green Energy's Rs 740-crore IPO subscribed 46% on Day 1 of offer

The initial share sale of Inox Green Energy got subscribed 46 per cent on the first day of subscription on Friday. The Initial Public Offering (IPO) received bids for 3.05 crore shares against 6.67 crore shares on offer, according to NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.03 times while the category for Qualified Institutional Buyers (QIBs) received 47 per cent subscription. The quota for non-institutional investors got subscribed 5 per cent. Inox Green Energy Services, a subsidiary of Inox Wind, said on Thursday that it has collected Rs 333 crore from anchor investors. The Rs 740-crore initial public offering (IPO) of Inox Green comprises a fresh issue and an offer for sale of Rs 370 crore. The company has fixed a price band of Rs 61-65 per share for its IPO. Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine generators and common ...

SoftBank Vision Fund loses $7.2 billion on back of tech writedowns

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

Archean Chemical Industries IPO subscribed 32.23 times on Day 3 of offer

The initial public offering of Archean Chemical Industries was subscribed 32.23 times by the close of the subscription period on Friday. The Initial Public Offering (IPO) received bids for 64,31,70,528 shares against 1,99,57,325 shares on offer, according to data available with the National Stock Exchange (NSE). The quota meant for Qualified Institutional Buyers (QIBs) received 48.91 times subscription, while the non-institutional investors category was subscribed 14.90 times and Retail Individual Investors (RIIs) was subscribed 9.96 times. The IPO consists of a fresh issue of equity shares aggregating up to Rs 805 crore and an Offer For Sale (OFS) of up to 1.61 crore shares by the promoter and investors. The price range for the offer is Rs 386-407 per share. On Monday, the company raised Rs 658 crore from anchor investors. The firm plans to use the proceeds of the fresh issue for the redemption of Non-Convertible Debentures (NCDs) issued by it. Archean is focused on producing a

Kaynes Technology's IPO subscribed 1.10 times on Day 2 of offer

The initial share sale of Kaynes Technology India Ltd got subscribed 1.10 times on the second day of subscription on Friday. The Initial Public Offering (IPO) received bids for 1,14,70,150 shares against 1,04,70,246 shares on offer, according to NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 2.45 times while the category for non-institutional investors was subscribed 77 per cent. The portion for Retail Individual Investors (RIIs) received 47 per cent subscription and that for employees got subscribed over three times. On Wednesday, Kaynes Technology had raised Rs 257 crore from anchor investors. The company's IPO comprises fresh issue of equity shares worth Rs 530 crore and an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder. The price band for the issue is Rs 559-587 per share. Proceeds from the fresh issue will be used to repay debt, funding capital expenditure for its manufacturing facilities at Mys

Kaynes Technology's IPO subscribed 23% on Day 1 of offer: NSE data

The initial share sale of Kaynes Technology India Ltd got subscribed 23 per cent on the first day of subscription on Thursday. The Initial Public Offering (IPO) received bids for 24,29,325 shares against 1,04,70,246 shares on offer, according to NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 52 per cent while the category for Retail Individual Investors (RIIs) received 12 per cent subscription. The portion for non-institutional investors was subscribed 10 per cent and that for employees got subscribed a little over two times. On Wednesday, Kaynes Technology raised Rs 257 crore from anchor investors. The company's IPO comprises fresh issue of equity shares worth Rs 530 crore and an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder. The price band for the issue is Rs 559-587 per share. Proceeds from the fresh issue will be used to repay debt, funding capital expenditure for its manufacturing facilities

Archean Chemical Industries IPO subscribed 1.41 times on Day 2 of offer

The initial share sale of Archean Chemical Industries was subscribed 1.41 times on the second day of offer on Thursday. The Initial Public Offering (IPO) received bids for 2,81,97,180 shares against 1,99,57,325 shares on offer, according to data available with the National Stock Exchange (NSE). The portion for Retail Individual Investors (RIIs) was subscribed 2.94 times, non-institutional investors received 2.07 times subscription and Qualified Institutional Buyers (QIBs) portion got subscribed 54 per cent. The IPO consists of a fresh issue of equity shares aggregating up to Rs 805 crore and an Offer For Sale (OFS) of up to 1.61 crore shares by the promoter and investors. The price range for the offer is at Rs 386-407 per share. On Monday, the company raised Rs 658 crore from anchor investors. The firm plans to use the proceeds of the fresh issue for the redemption of Non-Convertible Debentures (NCDs) issued by it. Archean is focused on producing and exporting bromine, industria