Page 23 - Initial Public Offerings

Didi Global faces SEC investigation for $4.4-billion US IPO

Didi's shares were down 7% in US pre-market trading, deepening an 85% loss since its initial public offering in the summer of last year

LIC IPO sees 27% subscription in two hours, muted non-institutional demand

The non-institutional category, consisting of corporates, individuals, and others has seen muted demand, with only 5 per cent subscription so far

LIC may file preliminary IPO prospectus today, price band on Wednesday

LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata

Rainbow Children's Medicare IPO to open on April 27: Check details here

The issue opens April 27 and closes April 29, anchor investors can bid on April 26

No performance riders on ESOP grants to founders of India's new-age firms

Experts question why such endowments in India's new-age companies are not comprehensively linked with performance targets

Government likely to take a call on timing of LIC IPO within this week

The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore shares in the country's largest insurer was originally planned for in March, but was postponed in view of the geopolitical tension. The government has time till May 12 to launch the IPO without filing fresh papers with markets regulator Sebi. The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told PTI. LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. There were estimates made in certain quarters that LIC's market valuation would be about

Govt shortlists up to 60 anchor investors for LIC's share sale

Price discovery estimates insurer's value at around Rs 7 trillion

Veranda Learning shares debut on mixed note; settle with 17% premium on BSE

The initial public offering of Veranda Learning Solutions Limited was subscribed 3.53 times late last month

DCX Systems files draft papers with Sebi to raise up to Rs 600 cr via IPO

The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting

Hariom Pipe Industries' IPO subscribed 7.93 times on final day

The issue, which kicked off for subscription on March 30, concluded on April 5

Hariom Pipe Industries' IPO receives 3.44 times subscription on Day 4

The issue, which kicked off for subscription on March 30, will be open till April 5

KFin Tech files for Rs 2,400-cr IPO, provides exit for General Atlantic

KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms

Hariom Pipe IPO subscribed 1.9x on Day-2 on heavy retail interest

Small investor portion gets 4.7x subscription; company looks to raise Rs 130 crore in fresh capital

Agrochem firm Hemani Industries files draft papers for Rs 2,000-cr IPO

The IPO will comprise fresh issue of equity shares aggregating up to Rs 500 cr and an Offer For Sale of equity shares worth up to Rs 1,500 cr by its promoters

HMA Agro Industries files initial papers for Rs 480-crore IPO

Aryaman Financial Services is the book running lead manager for the IPO

Jewellery chain Joyalukkas India files DRHP for Rs 2,300-crore IPO

Joyalukkas clocked a profit of Rs 471.75 crore in FY21 as against Rs 40.71 crore in the year-ago period

Sachin Bansal-led Navi Technologies plans Rs 4,000 cr IPO, filing DRHP soon

ICICI Securities, BofA and Axis Capital are the investment banks handling the share sale

Facebook-backed Meesho targets early 2023 for IPO: Report

In September, Meesho raised $570 million at a valuation of $4.9 billion in a Series F funding round led by Fidelity Management & Research Company and B Capital Group

MFs to keep powder dry as LIC IPO likely to hit the market next month

As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets

Five reasons why the LIC IPO could be India's Aramco moment

When Aramco came out with the world's biggest IPO, the Saudi govt raised $25.6 billion by diluting just 1.5%, valuing the company at $1.7 trn; Indian govt plans to divest 5% for $8.7 bn in LIC