Page 11 - Ipo India

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

ESAF Small Finance Bank reduces the size of its IPO to Rs 629 crore

The IPO now includes an issue of fresh equity shares amounting to Rs. 486.74 crore and an offer for sale (OFS) of Rs. 142.3 crore

Utkarsh SFB sets price band of Rs 23-25 per share for its July 12 IPO

The offering includes a provision to reserve 1% of the total issue size for its employees, equating to Rs. 5 crore shares

'Not possible' to straitjacket probe timelines: Sebi to Supreme Court

Legal experts said Sebi, in the 46-page affidavit submitted on Monday, is trying to play down the need for an overhaul in its functioning

ideaForge Technology IPO subscribed 106x; Cyient booked 67x on final day

Market players said the high demand was on optimism that both the issues will generate a huge listing day pop

Afcons Infrastructure plans to raise up to Rs 8,000 crore through IPO

The group was also planning to sell Gopalpur Port to raise upto $2 billion but the transaction has not materialised so far

ICICI Securities surges 10% on buyback plan, valuation hits Rs 20,000 cr

Board to meet on July 29 over proposal; Drone maker Ideaforge Tech's IPO subscribed 3x on heavy retail interest

Street Signs: Likely vacuum at Sebi, drone maker IdeaForge IPO, and more

Shares of drone maker ideaForge Technology are commanding a premium of nearly 70 per cent in the grey market ahead of its initial public offering

Tata Play's confidentially filed IPO gets market regulator Sebi go-ahead

Following the issuance of the observation letter, Tata Play will now have to file an updated draft red herring prospectus (UDRHP-1) before it launches its IPO

Pencilmaker Doms Industries looks to go public to raise $300 million

RR Group launched the stationary brand Doms in 2006 and later consolidated its operations based in Umbergaon and renamed as Doms

OYO pre-files draft paper for IPO; likely to list around Diwali: Report

Oravel Stays - which operates hospitality tech firm OYO - on Friday pre-filed its Draft Red Herring Prospectus with stock market regulator Sebi, sources said. Sources close to the company told PTI OYO may launch its initial public offering (IPO) around Diwali this year. Unlike the traditional route where companies have to launch the IPO within 12 months from the Sebi approval, or final observation; in the pre-filing route, an IPO can be floated within 18 months from the date of Sebi's final comments. This route also provides flexibility to change primary issue size by 50 per cent till the Updated Draft Red Herring Prospectus (UDRHP) stage. Explaining the rationale for filing through the pre-filing route, a source said, "The market continues to be highly volatile globally and to an extent in India as well. Filing through the pre-filing route will give OYO some leeway on the timing of the listing, as well as on fine-tuning the issue size, basis the market conditions, to between USD 4

Sebi returns Go Digit General Insurance IPO papers; firm to refile

Markets regulator Sebi has returned the preliminary IPO papers of Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, and now the company is looking to refile the documents with certain updates. The company had filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in August 2022 to raise funds through an initial public offering (IPO). Go Digit's proposed IPO comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 10.94 crore equity shares by a promoter and existing shareholders. In the OFS, Go Digit offers to sell 10,94,34,783 equity shares. According to an update with Sebi on Tuesday, the markets regulator has returned the draft papers on January 30. In a statement, the insurance company said the DRHP (Draft Red Herring Prospectus) has been returned in terms of Sebi's ICDR (Issuance of Capital and Disclosure Requirements) rules, which exempts rights granted under employee

Sebi returns OYO's draft IPO papers, asks to refile with certain updates

Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm OYO, to refile the draft IPO papers with certain updates. The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO). OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs 8,430 crore IPO. The proposed offering consists of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore. According to an update with Sebi's website on Tuesday, the markets regulator returned the company's draft red herring prospectus (DRHP) on December 30, 2022 and asked the firm to refile it with applicable updates/ revisions. However, the regulator has not elaborated on the updates or revisions required in the draft documents. Earlier, the company had filed an addendum to its DRHP which included its financials for the first half of FY23. It reported a profit of Rs 63 crore for

Mamaearth parent files papers for IPO, co-founders to dilute stake

Honasa Consumer was valued at $1.2 bn in January, making it the first unicorn of 2022

Market volatility forces many companies to let go of their IPO plans

Industry players say some companies plan to re-file their DRHPs so that they can have another stab at listing

TMS Ep332: Indian economy, Delhi Metro, IPO outlook, carbon-neutral IEX

What does 2022 tell about Indian economy in 2023? How Delhi Metro transformed the city's landscape? Will IPO investors remain steadfast in 2023? How IEX became a carbon-neutral platform? Answers here