Page 22 - Initial Public Offerings

What is the difference between an IPO and FPO?

An initial public offer (IPO) and a follow-on public offer (FPO) are two types of public issues available to investors. Here is a breakdown of the differences between the two.

Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers

Nandan Terry, part of the Chiripal group, has decided to withdraw its Rs 255-crore initial public offering (IPO). The IPO was slated to be entirely a fresh issue of equity shares. Proceeds of the issue were to be used for payment of debt, for funding working capital requirements and general corporate proposals. The company had filed the Draft Red Herring Prospectus (DRHP) for the proposed IPO on December 10, 2021 with the Securities and Exchange Board of India (Sebi). However, the draft offer documents for the IPO were withdrawn on June 7 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday. Incorporated in 2015, Ahmedabad-based Nandan Terry is a fully vertically integrated company engaged in the manufacturing terry towels and towelling products. The company also sells the cotton yarn manufactured at its units. Earlier, Uma Converter withdrew its proposed Rs 36-crore IPO on May 30. The company had filed the DRHP in July

Over 4.5-million IPO mandates created via UPI in May, shows data

In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows

40% IPOs this year failed investors amid weak secondary market conditions

Weak secondary market conditions weigh on listing-day performance

Investment bankers ride on record IPOs in FY22 to mint bumper pay

Bonuses in FY22 ranged from 100 to 200% of annual pay

Adanis commit $75 million in Borouge's $2-billion IPO, says report

Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO

Logistics firm Delhivery tests mood for India IPOs after LIC's muted debut

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal

Street signs: IPOs continue to roll on, no data for new HNI category & more

This week, three initial public offerings (IPOs) hit the market

Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times

LIC IPO issue price set at Rs 949; may get listed on Tuesday: Report

The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9

SC refuses interim relief on pleas seeking stay on LIC IPO share allotment

The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders.

Delhivery may hit a valuation hurdle amid near term concerns: Brokerages

However, Delhivery's growth opportunities, its business model and revenue trajectory are positive triggers, say brokerages

Delhivery raises Rs 2,346 cr from anchor investors as IPO opens today

Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year

Small investors push LIC IPO over the line; FPIs invest less than Rs 4k cr

Move to have a separate quota for policyholders proves a game-changer, say experts

Inox Green Energy board approves proposal to raise Rs 900 cr via IPO

The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore

Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings

Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes

Venus Pipes & Tubes sets IPO price band at Rs 310-326 a share

The initial share-sale will be open for public subscription on May 11 and conclude on May 13

Prudent Corporate Advisory Services prices IPO at Rs 595-630 per share

The Ahmedabad-based firm's IPO will open from May 10 to May 12

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9

Sees participation from 3.6 mn individual investors; policyholders lead

Positive start: LIC's mega share sale subscribed 67% on first day

Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market