Page 10 - Ipo India

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 ...

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

Jupiter Life Line shares soar 46% on debut; SAMHI Hotels subscribed 5.3x

The IPO of Zaggle Prepaid Ocean Services saw over 12 times more demand than shares on offer

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent on Thursday, the first day of its issue

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

Will take a shot at bourses after 3-4 quarters of profit: MobiKwik

Taku said that the company plans on tapping into new investments if it is working on a new product or an inorganic play that requires capital

Cochin Shipyard gains 20%, Sandur Manganese lists on NSE, and more

The initial public offering (IPO) of Jupiter Lifeline Hospitals was subscribed 3.3 times on Thursday, the second day of the issue

Oyo's India CEO, Europe Head resign ahead of company's public listing

OYO refiled its Draft Red Herring Prospectus (DRHP) with the stock market regulator SEBI under the recently introduced pre-filing route in March

Ratnaveer Precision subscribed 94 times, Jupiter Lifeline raises Rs 261 cr

The initial public offering (IPO) of Jupiter Lifeline Hospitals was subscribed 87 per cent on Wednesday, the first day of the issue

Ratnaveer Precision IPO subscribed 18x; Samhi Hotels gets Sebi nod for IPO

Gurugram-based Samhi Hotels and Jaipur-based Motisons Jewellers have received final observation from Sebi

Rishabh Instrument IPO subscribed 32x; Arkade Developers files DRHP

As of July 31, Arkade had developed 1.8 million square feet of residential property. Its revenue in FY23 stood at Rs 224 crore

Antfin sells 3.6% in Paytm; Vishnu Prakash IPO subscribed nearly 10x

Analysts said the selling pressure on the stock could ease over the next few days. Investors are also looking for cues from RIL's annual general meeting (AGM) on Monday

Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times

Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share

Aeroflex raises Rs 103 cr; Vishnu Prakash IPO sets price band at Rs 94-99

Famed investor Ashish Kacholia-backed Aeroflex has priced its issue between Rs 102 to Rs 108. At the top-end, Aeroflex is valued nearly Rs 1,400 crore

CIEL HR plans IPO by Q4 FY24, looks to raise Rs 800 cr for expansion

HR services firm is separately seeking to raise Rs 200 cre through private equity investments

Street Signs: Street buckles up for turbulence, Yatharth GMP at 25% & more

The Morgan Stanley Capital International (MSCI) India Index witnessed a sharp drop of over 9 per cent on Friday

Yatharth Hospital, Trauma Care Services announce IPO to raise Rs 490 cr

The issue will open for subscription from July 26 to July 28 while anchor investors will be able to bid on July 25

Netweb Technologies IPO subscribed more than 2 times on first day of issue

Netweb has set Rs 475-500 as the price band for its maiden share sale. At the upper end of the price band, the company is valued at Rs 2,803 crore, nearly 60 times on FY23 earnings

Utkarsh Small Finance Bank's IPO subscribed 4.2x on day 1 of issue

The company is issuing fresh shares worth Rs 500 crore in the IPO, which will be used for augmenting the bank's tier-1 capital base