Page 27 - Initial Public Offerings

DreamFolks' IPO subscribed 1.96x on Day 1, retail portion booked 8x

The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x

Startups increasingly raising venture debt as investors fear funding winter

Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle

We back companies where tech is an enabler, not the hero: C4D Partners CEO

Our crucial thesis is that the business model is woven around a societal problem, said CEO Agarwal

Dreamfolks Services' downsized IPO opens for subscription on Wednesday

The company's IPO is entirely an offer for sale by existing shareholders

Hong Kong's AMTD, whose stock soared 32000%, faces regulatory scrutiny

The previously unreported probe by Hong Kong's securities watchdog into AMTD Group Co., which is run by former UBS Group AG banker Calvin Choi, predates the US listing of its unit AMTD Digital Inc

Syrma SGS Technology IPO subscribed 32.61 times on final day of bidding

The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday. The Rs 840 crore-IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 87.56 times subscription, non institutional investors was subscribed 17.50 times and Retail Individual Investors (RIIs) 5.53 times. The IPO had a fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares. The offer was priced in the range of Rs 209-220 per share. On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor investors. It was the first company to tap the primary market in two-and-a-half months. Prior to this, the IPO of Aether Industries was open for public subscription during May 24-26. The net proceeds from the fresh issue will be utilised for funding capital expenditure requirements to expand manufacturing, R&D ..

Weak demand: Syrma SGS Technology IPO subscribed 2.27 times

The qualified institutional buyer portion was subscribed 71 per cent. Retail and the two categories meant for high networth individuals garnered over three times subscription

Syrma SGS Technology IPO: Issue subscribed 85% on the second day

Retail investor portion of the issue was subscribed 1.5 times, while high net-worth individual portion was subscribed 63 per cent

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

Financial freedom for Indians: What it means and how to achieve it

Three experts explain how planning and patience can you give the cushion of savings, investments, and cash on hand

China IPO market trounces the world with record $58 billion boom

Initial public offerings on mainland exchanges have climbed to $57.8 billion so far in 2022, the largest ever for such a period

Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends

Start-ups with no 'promoter' may face pressure

Sai Silks files IPO draft papers with Sebi; eyes up to Rs 1,200 cr

Ethnic apparel retailer Sai Silks (Kalamandir) Limited has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 1,200 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 600 crore and an offer for sale of up to 18,048,440 equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP). The net proceeds of the fresh issue will be used for establishing 25 new stores, setting up two warehouses, supporting working capital requirements, payment of debt and general corporate purposes. As per market sources, the issue size is expected to be Rs 1,200 crore. Motilal Oswal Investment Advisors, Edelweiss Financial Services and HDFC Bank are the book-running lead managers to the issue. The equity shares are proposed to be listed on BSE Limited and National Stock Exchange (India) Limited. Sai Silks is one of the leading retailers of ethnic apparel, particularly sar

Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022

The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn

Battered by three decades of controversy, TMB looks back to the future

The storied bank hopes to put its troubles behind it with its impending IPO

'Rational man' regulation: A farce

People who circle junkyards for matching hubcaps will buy mutual funds without reading the prospectus

One year of startup listings: Exuberance tapers as firms lose grip on gains

After Zomato's promising start, global tech meltdown halts listing gravy train

Unacademy 'not efficient' in finances, will shut some businesses: CEO

Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup

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