Page 21 - Ipo Filing

Fast-fashion retail giant Shein may go public with US IPO filing

The Chinese retail giant, now headquartered in Singapore, is estimated to be valued over $60 billion

Explained: India emerges as global leader in the number of IPOs in 2023

The third quarter of 2023 saw a staggering 21 IPOs in the Indian main market, compared to just four in the same quarter of 2022. India has topped the world in terms of the number of initial public off

Leaving legacy through brands built for India: Honasa's Ghazal Alagh

Co-founders Varun and Ghazal Alagh aim to take Indian beauty brands global as they unveil Honasa's initial public offering, eyeing Rs 1,701 crore in funding

Muthoot Microfin, Flair Writing, Happy Forgings get Sebi's nod for IPOs

Three companies -- Muthoot Microfin, Flair Writing Industries, and Happy Forgings -- have received capital market regulator Sebi's approval to raise funds through initial public offerings (IPOs). The three companies, which filed their respective preliminary IPO papers with Sebi during July and August, obtained the regulator's observation letters on October 23-27, an update with the markets watchdog showed on Monday. In Sebi's parlance, obtaining an observation letter means it is the go-ahead to launch the public issue. Shares of these companies are proposed to be listed on the NSE and BSE. As per the draft papers, Muthoot Microfin's public issue will comprise a fresh issue worth up to Rs 950 crore and an offer for sale (OFS) to the tune of Rs 400 crore. Through the OFS route, various stakeholders plan to offload shares worth Rs 400 crore. While Greater Pacific Capital WIV Ltd proposes to offload equities worth up to Rs 100 crore, Thomas John Muthoot, Thomas Muthoot and Thomas Geor

SLMC plans to raise about Rs 700 cr IPO by mid-2024 for business expansion

Sohan Lal Commodity Management Pvt Ltd (SLCM) is planning to launch an initial public offering (IPO) in mid-2024 to raise about Rs 700 crore for business expansion, according to people familiar with the matter. SLCM is in talks with bankers and will seek approval for the IPO plan from the board, the people said, asking not to be identified as the information is private. It is a niche IPO in the agriculture sector. The company is looking at raising funds for the expansion of its NBFC (non-banking financial company) and warehousing business. The funds will be raised from both primary and secondary markets, they said. A representative for SLCM couldn't comment immediately. SLCM's Kissandhan Agri Financial Services Pvt Ltd, established in 2017, has Rs 350 crore of assets under management (AUM) at present and aims to double this in the next 10 years. It has disbursed loans of Rs 2,700 crore so far since inception and aims to reach Rs 5,000 crore-plus by the end of the next fiscal. On t

IRM Energy IPO to open on Oct 18, sets price band at Rs 480-505 per share

IRM Energy on Wednesday announced a price band of Rs 480-505 per share for its initial public offering that will open for subscription on October 18. The Initial Public Offering (IPO), through which the company aims to raise up to Rs 545 crore, will close on October 20. It has a fresh issue of up to 1.08 crore equity shares. Karan Kaushal, the chief executive of the company, said, it plans to use about Rs 307.26 crore from the issue proceeds for funding capital expenditure requirements for developing the city gas distribution network in Namakkal and Tiruchirappalli in Tamil Nadu in the coming years. He also said that Rs 135 crore would be used for prepayment or repayment of some of the outstanding borrowings of the company and for general corporate purposes. The company will mobilise Rs 518.4 crore and Rs 545.4 crore at the lower and upper end of the price band, respectively. The offer also includes reservation for subscription by eligible employees, and a discount of Rs 48 per

Plaza Wires IPO subscribed 27.78 times on day two of subscription

The Initial Public Offering (IPO) of Plaza Wires was subscribed 27.78 times on the second day of subscription on Tuesday. The IPO received bids for 26,37,76,020 shares against 94,96,114 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) was subscribed 118.24 times while the quota for non-institutional investors received 53.06 times subscription and the portion for Qualified Institutional Buyers (QIBs) got subscribed 42 per cent. The offer is a fresh issue of up to 1,32,00,158 equity shares. The price range for the offer is Rs 51-54 a share. The company is in the business of manufacturing, marketing and selling wires, aluminium cables and fast-moving electrical goods like electric fans and water heaters. Plaza Wires has raised Rs 20 crore from anchor investors. Pantomath Capital Advisors is the manager to the offer. The equity shares of the company are proposed to be listed on the BSE and NSE.

Pharma firm Valiant Lab IPO subscribed 29.75 times on last day of offer

The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories received 29.75 times subscription on the last day of bidding on Tuesday. The initial share sale received bids for 22,68,13,020 shares against 76,23,030 shares on offer, according to an update available with the NSE. The portion for non-institutional investors was subscribed 73.63 times while the quota for qualified institutional buyers received 20.83 times subscription. Retail individual investors portion got subscribed 16.05 times. The IPO was an entirely fresh issuance of up to 1.08 crore equity shares. Price range for the offer was Rs 133-140 a share. Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd -- and to meet the working capital requirements of the subsidiary company. Valiant Laboratories is an active pharmaceutical ingredient or bulk drug manufactu

Alibaba starts restructuring with plan to list logistics arm in Hong Kon

In the months since, the company has approved a process to start external financing for its international commerce arm and was also looking to list its cloud unit

Govt owned WAPCOS scraps IPO plans; withdrawal reasons not disclosed

Public sector firm WAPCOS Ltd has decided to shelve its plan for an Initial Public Offering (IPO), through which the government was looking to divest shares. The maiden public issue was slated to be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India. The company had filed its preliminary papers for the proposed IPO on September 26, 2022 with the Securities and Exchange Board of India (Sebi). However, the issue was withdrawn on September 21, 2023, an update with the markets regulator showed on Tuesday. The reasons for the withdrawal were not disclosed. WAPCOS provides consultancy, and engineering, procurement and construction services in the field of water, power and infrastructure sectors. It comes under the Ministry of Jal Shakti. Also, the company provides its services abroad, particularly in South Asia and across Africa in the fields of dam and reservoir engineering, irrigation and flood control. The company's revenue from ..

Rockingdeals Circular Economy files IPO papers to further brand positioning

B2B re-commerce player Rockingdeals Circular Economy Ltd (RDCEL) on Monday said it has filed draft papers to raise funds through an Initial Public Offering (IPO). The shares of the company will be listed on the NSE Emerge, the company said in a statement. The IPO comprises a fresh issue of equity shares of up to 15 lakh equity shares with a face value Rs 10 each through the book-building process. Proceeds from the issue will be utilised towards working capital requirement, brand positioning, marketing, advertising, and general corporate purpose, the company said. The company recently concluded its pre-IPO round comprising a preferential issue of 4,80,130 shares at an issue price of Rs 100 apiece, it said. "We are delighted to reach yet another milestone and get closer to our mission of becoming a publicly listed company," RDCEL Promoter and Managing Director Aman Preet said. Corporate Capital Ventures Pvt Ltd is the book-running lead manager of the IPO. RDCEL is a B2B sourcing .

Updater Services raises Rs 288 cr from anchor investors ahead of IPO

Integrated facilities management company Updater Services Ltd on Friday said it has raised Rs 288 crore from anchor investors days before the launch of its initial public offering (IPO). The firm has allotted 96 lakh equity shares to 18 funds at Rs 300 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website late Friday night. Among the anchor investors that participated in the bidding are Nomura Singapore, Citigroup Global Markets Mauritius Pvt Ltd, BNP Paribas Arbitrage, Societe Generale, ICICI Prudential Mutual Fund (MF), Bandhan MF and Aditya Birla Sun Life Insurance Company. The initial share sale, with a price band of Rs 280-300 per share, will be open for public subscription during September 25-27. The Rs 640-crore IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 80 lakh equity shares by a promoter and existing shareholders. Under the OFS, Tangi Facility ...

Inspire Films to launch IPO during Sept 25-27, plans to raise Rs 21.20 cr

Inspire Films Ltd, a television content company, will launch an initial public offering (IPO) to raise Rs 21.22 crore. The IPO, which will open for subscription during September 25-27, comprises 35.98 lakh shares for Rs 59 a piece with a face value of Rs 10 each, said a statement from the company. A total of 10.24 lakh shares will be allotted to anchor investors and 6.82 lakh shares are reserved for Qualified Institutional Buyers (QIBs). While 5.14 lakh shares are reserved for high net-worth individuals (HNIs), 11.98 lakh shares are meant for retail investors and 1.80 lakh shares for market makers. "Following the IPO, the company's shares will be listed on the NSE Emerge platform on October 9, 2023," it added. The proceeds of the IPO will help Inspire Films to cater to the company's working capital requirements, and general corporate purposes facilitating strategic growth and development and covering the expenses. "With our IPO we will be able to expand our business further and cr

Pharmaceutical firm Valiant Laboratories' IPO to open on September 27

Pharmaceutical ingredient manufacturing firm Valiant Laboratories has decided to launch its initial share sale for public subscription on September 27. The Initial Public Offering (IPO), which is an entirely fresh issuance of 1.08 crore equity shares with no offer for sale component, will be concluded on October 3, according to the red herring prospectus filed with Sebi on Friday. Further, bidding for anchor investors will open on September 26. Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd. -- and to meet the working capital requirements of the subsidiary company. Valiant Laboratories is an active pharmaceutical ingredient or bulk drug manufacturing company with its focus on manufacturing paracetamol, which is used in the treatment of headache, muscle ache, arthritis, backache, toothache, cold and fever. The paracetamol API industry grew from Rs 2,200 cr

Indian Renewable Energy Development Agency files IPO papers with Sebi

As on June 2023, IREDA's portfolio of outstanding term loans stood at Rs 47,206.66 crore. The company's term loans outstanding are spread across 23 states

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

IKIO Lighting sets Rs 606-crore IPO price band at Rs 270-285/share

LED lighting solution provider IKIO Lighting Ltd on Thursday said it has fixed a price band of Rs 270-285 per share for its Rs 606-crore initial public offering (IPO). The issue will be open for public subscription during June 6-8 and the bidding for anchor investors will open on June 5, the Noida-based company said in a statement. The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity stocks by promoters Hardeep Singh and Surmeet Kaur. At the upper end of the price band, the initial share-sale will fetch Rs 606.5 crore. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore will be used in the company's wholly-owned subsidiary, IKIO Solutions, to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. The company said that half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors a

TMS Ep425: Go First, M&M EV, aviation stocks, confidential IPO filing

What does Go First's demise mean for flyers? Can M&M catch up with Tata Motors in EV space? Will IndiGo, SpiceJet fly high as Go First goes off radar? What is confidential IPO filing? Answers here

IPO filings halve in FY23 as outlook for new share sales worsens

Industry players said the IPO market has taken a turn for the worse after a blockbuster FY22 amid fall in valuations

IPO-bound OYO to refile DRHP with updates to Sebi by mid-February

Market regulator asked hospitality company to submit application again, give information on risk factors and litigation