Page 53 - Ipo Market

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

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

Micro, macro and geopolitical factors favouring Indian markets: Ajay Saraf

Markets activity will be robust but be careful around large events, says the head of Investment Banking and Institutional Equity at ICICI Securities

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

TPG-backed RR Kabel sets price band at Rs 983-1,035 per share

At the upper end, the issue size works out to Rs 1,964 crore, making it the second-largest IPO of the year after Mankind Pharma

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

Fintech player Razorpay eyes international expansion, IPO in 2-3 years

The company, which entered Malaysia last year, is eyeing markets such as Indonesia, Vietnam, and the Philippines for expansion into the South East Asia region

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

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

Street Signs: T+3 for IPOs is optional, grey market premium at 25% & more

Hotel stocks are expected to rise due to a robust demand outlook, thanks to significant events happening in the country

5 rules to change from 1st September 2023, here's all you need to know

Five significant changes are going to take place from the first day of September 2023. These changes will directly affect your pocket, and it is important to know these changes

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

Market structure to face shorter IPO timeline test: Industry players

Players in ecosystem will have to work overtime to ensure success

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