Page 20 - Initial Public Offerings

I-banking fees dip in nine months to September as smaller deals dominate

Even some big-ticket deals such as the LIC IPO did not generate higher fees

Tracxn Technologies' IPO gets subscribed 23% on first day of offer

The Initial Public Offering (IPO) of Tracxn Technologies received 23 per cent subscription on the first day of offer on Monday. The IPO received bids for 49,56,520 shares against 2,12,69,714 shares on offer, according to a NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.23 times. The category for non-institutional investors received 4 per cent subscription. The IPO of up to 3,86,72,208 equity shares is in a price range of Rs 75-80 a share. Market intelligence platform Tracxn Technologies on Friday said it has raised a little more than Rs 139 crore from anchor investors. At the upper end of the price band, the IPO is expected to garner Rs 309 crore. The Bengaluru-headquartered company operates on a Software as a Service (SaaS) model and is among the leading market intelligence providers for private company data. Tracxn was launched in 2015 by Neha Singh and Abhishek Goyal who have had their stints as venture capitalists at Sequoia and Accel Partners,

Festival season may bring cheer to IPO market, say investment bankers

Rs 9,000 crore worth of issues lined up over the next six weeks

Electronics Mart IPO subscribed 72x on strong institutional interest

QIB portion subscribed nearly 170 times

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Tracxn Technologies IPO to open Oct 10; sets price band at Rs 75-80/share

Private market intelligence platform Tracxn Technologies on Tuesday said it has fixed a price band of Rs 75-80 per share for its Rs 309-crore initial public offering (IPO). The initial share-sale will open for public subscription on October 10 and close on October 12, the company said in a statement. The IPO will be entirely an offer-for-sale (OFS) of 38,672,208 equity shares by promoters and investors. The OFS will see sale of up to 76.62 lakh shares each by promoters Neha Singh and Abhishek Goyal, up to 12.63 lakh shares each by Flipkart founders Binny Bansal and Sachin Bansal. Up to 1.09 crore shares will be offloaded by Elevation Capital, 40.2 lakh shares by Accel India IV Mauritius, 21.81 lakh shares by SCI Investments V, 2.07 lakh shares by Sahil Barua, among others. At the upper end of the price band, the IPO is expected to garner Rs 309 crore. The Bengaluru-headquartered company operates on a software as a service (SaaS) model and is among the leading market intelligence

Sebi clears slew of proposals; mandates tighter disclosure norms for IPOs

Buch said several decisions taken by the Sebi board were aimed at liberalisation and promoting market development

New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO

Under the new mechanism, non-banking finance companies (NBFCs) are providing up to Rs 8 lakh on a margin amount of Rs 2 lakh for a flat fee of Rs 2,000, said industry sources.

IPO watch: Companies taking longer to go public after Sebi approval

The stock market regulator usually attempts to respond to IPO documents in 30 days

Sebi likely to step up disclosure norms for IPOs of new-age companies

Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar

Sula Vineyards eyes double-digit revenue growth in next five years

The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO

Sula Vineyards eyes double-digit revenue growth in next five years

The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO

As US' IPO market languishes, stock listings head east to booming China

Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show

Harsha Engineers most subscribed IPO this calendar year with 75x mop up

Enthused by the 40% grey market premium, investors have placed bids worth more than Rs 40,000 crore on the offer

Smaller i-banks join big-fat IPO party; large players get picky

Many are beefing up their investment banking teams and pitching for deals which otherwise would have gone to larger banks

It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr

In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months

Tamilnad Bank IPO subscribed 1.5x on Day 2, issue closes Wednesday

The priced band for the IPO is Rs 500-525 per share

Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue

TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore

SAT dismisses plea opposing Tamilnad Mercantile Bank's Rs 830 cr IPO

Three shareholders of TMB had sought a stay on the share sale, aggrieved by TMB's decision to drop the OFS component

Tamilnad Mercantile settling all disputes, keen on opening branches: CEO

Lender waiting for RBI to ease restrictions, says K V Rama Moorthy about his expansion plans