Page 21 - Initial Public Offerings

Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of Rs 250-265 per share for its initial public offering (IPO), which will open for subscription on June 27. The initial share sale will conclude on June 30 and the bidding for anchor investors will open on June 26, the company said in a statement. Cyient DLM's IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component. The company has already undertaken a private placement of 40.75 lakh equity shares worth Rs 108 crore. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as for general corporate purposes. The company said that 75 per cent of the issue has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for the retail .

Exploring M&A opportunities in overseas markets; plan to launch IPO: Vinsys

IT services company Vinsys on Wednesday said it is exploring acquisition opportunities in overseas markets, including the US and the UK, to expand its global reach and also announced plans to launch its maiden public issue. Pune-based Vinsys offers customised courses for sectors such as BFSI, telecom, and government departments, where training for IT and processes is essential. It has a team of over 800 professionals certified by major tech companies and institutions. The company clocked a revenue of Rs 157.30 crore and a net profit of Rs 16.02 crore during the last fiscal year, Vinsys said in a statement. Currently, Vinsys operates in the UAE, Oman, Malaysia, Singapore, Nigeria, Kenya, the UK, and the US. As part of the expansion plan, the company said it is actively seeking inorganic growth opportunities to expand its reach in new markets, including the US and the UK, while continuing to consolidate its position in the Middle East. The company also plans to open a new corporate

Mankind Pharma to make market debut on Tuesday following a successful IPO

The IPO had seen strong demand from institutional investors even as the retail quota had remained undersubscribed

Nexus Select Trust's Rs 3,200 crore REIT IPO to hit capital market on May 9

Global investment firm Blackstone-sponsored Nexus Select Trust will hit the capital market on May 9 to raise up to Rs 3,200 crore through its retail REIT initial public offering (IPO). This will be India's first REIT (Real Estate Investment Trust) IPO backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all backed by office assets. Nexus Selct Trust has filed its offer document with market regulator SEBI for its IPO. According to the offer document, the total size of the public issue is Rs 3,200 crore, which includes fresh issue of units worth up to Rs 1,400 crore and offer for sale (OFS) of up to Rs 1,800 crore. Earlier, the company had planned to raise up to Rs 4,000 crore from its proposed REIT public issue. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with Sebi to launch its retail REIT public issue. Nexus Select Trust has a portfolio of 17 operational shopping malls acros

Mankind Pharma's Rs 4,326-crore IPO garners bids worth Rs 50,000 crore

The Rs 4,326-cr offering garnering bids worth nearly Rs 50,000 cr

Online used to be 99% of revenues, share is coming down: FreshToHome CEO

'If you look at it, the size of the industry is around Rs 3 trillion, which is roughly around $50 billion'

IPO of Avalon Technologies subscribed 2.21 times on final day of offer

The offer comprised new shares worth Rs 320 crore and an offer for sale component of Rs 545 crore

IPO of Avalon Technologies subscribed 3% on first day of issue

The retail investor portion of the issue was subscribed 16 per cent

Indian IPO pipeline strong, other markets 'pretty dead': Link group execs

Number of IPOs happening in India probably equal to aggregate everywhere else combined, says Australia-headquartered firm

Fourth quarter of 2022-23 sees lowest IPO fundraising in 9 yrs: Report

Thirty-seven Indian corporates raised Rs 52,116 crore through main board IPOs in financial year 2022-23, less than half of the Rs 1.11 lakh (all-time high) mobilised by 53 IPOs in 2021-22

Avalon Technologies IPO opens next week: Check GMP, other details here

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

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

OYO launches accelerator programme for first-generation hoteliers

It will provide technology, relationship managers, financial support, and access to OYO's network

Credit Suisse sees First Boston IPO by 2025 amid investor search

Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares

Global Surfaces IPO opens today: GMP, subscription status, all details here

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Divgi TorqTransfer Systems IPO Subscribed 38% on second day of offer

At the upper end of the price band, the issue could raise to Rs 412 crore

Sebi asks PayMate India to refile IPO papers with certain updates

Sebi has asked B2B payments and services provider PayMate India to refile the documents for the initial public offering with certain updates. PayMate India had filed the Draft Red Herring Prospectus (DRHP) for a Rs 1,500 crore-IPO with the Securities and Exchange Board of India (Sebi) in May 2022. The proposed Initial Public Offering (IPO) comprises fresh issue of equity shares worth Rs 1,125 crore and an Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according to the draft papers. The company's promoters -- Ajay Adiseshan and Vishvanathan Subramanian and investors -- as well as Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings are to sell shares through the OFS. Besides, certain existing shareholders are offering to offload shares through this route. Currently, promoter and promoter group hold 66.70 per cent stake in the company and the rest is with public shareholders. According to an update on Sebi's websi

Avalon Technologies, Udayshivakumar Infra get Sebi's approval to float IPO

Electronic manufacturing services provider Avalon Technologies and construction firm Udayshivakumar Infra have received capital markets regulator Sebi's go ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their respective preliminary IPO papers with the markets regulator during August and September 2022, obtained observation letters from it on January 16, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. In Sebi's parlance, its observation implies its go ahead to launch the initial share-sale. Going by the draft papers, the IPO of Avalon Technologies comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders. The company may consider raising Rs 80 crore through a pre-IPO placement, and if such a placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the fresh issue would be u

IT solutions firm Rashi Peripherals files Rs 750-cr IPO papers with Sebi

The company may consider a private placement of equity shares for up to Rs 150 crore. If such placement is completed, the fresh issue size will be reduced

Sah Polymers IPO subscribed 17.46 times on last day of offer: NSE data

The initial public offer of Sah Polymers was subscribed 17.46 times on the last day of subscription on Wednesday. The initial share-sale received bids for 9,79,44,810 shares against 56,10,000 shares on offer, as per data available with the NSE. The Retail Individual Investors (RIIs) part was subscribed 39.78 times, the category for non-institutional investors received 32.69 times subscription and Qualified Institutional Buyers (QIBs) 2.40 times. The Initial Public Offer (IPO) had a fresh issue of 1.02 crore equity shares. Price range for the offer was at Rs 61-65 a share. Pantomath Capital Advisors was the manager to the offer. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. The equity shares are proposed to be listed on the BSE and NSE.