Page 55 - Ipo Market

All eyes on Buffett, Son India stakes as Rs 1.15-trillion lock-ups end

While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the stocks

Global Health IPO subscribed 26%; Five Star IPO to open on Nov 7

The IPO of Bikaji Foods subscribed 67 per cent on Thursday, the first day of the issue

Festival season may bring cheer to IPO market, say investment bankers

Rs 9,000 crore worth of issues lined up over the next six weeks

Stricter disclosure norms may trigger DRHP filing rush in next two months

Industry players expect companies to advance their DRHP filings before new rules kick in

Markets regulator to restart review of $440 mn Digit Insurance IPO: Report

SEBI has agreed with Digit's reasoning and decided to remove the IPO's "abeyance" status from Monday and restart the review process, the two sources said

Gold Plus Glass Industry, Uniparts India get Sebi's nod to float IPOs

Float glass maker Gold Plus Glass Industry and engineering solutions provider Uniparts India have received capital markets regulator Sebi's approval to raise funds through initial public offerings (IPOs). The two companies, which had filed preliminary IPO papers with the Securities Exchange Board of India (Sebi) in April, obtained observation letters from the regulator during September 22-23, an update with the markets watchdog showed on Monday. In Sebi's parlance, the regulator's observation implies its go-ahead to launch an initial share-sale. Going by the draft papers, Gold Plus Glass Industry's IPO comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale (OFS) up to 1,28,26,224 equity shares by promoters and existing shareholders. As a part of the OFS, promoters -- Suresh Tyagi and Jimmy Tyagi -- will offer up to 10,19,995 equity shares each and investor PI Opportunities Fund-I will sell up to 1,07,86,234 equity shares. The company propose

Harsha Engineers makes strong debut, lists at 36% premium to issue price

Post listing, the stock moved 45 per cent higher to Rs 480 on the NSE and BSE, as against its issue price of Rs 330 per share.

Street signs: No let-up as stocks feel squeeze, the great IPO rush & more

Market players say issues have bunched up on account of companies rushing to hit the market before expiration of the result filing deadline

Sebi working on new ASBA-like payment system for secondary trades: Buch

Sebi's planned move could upend Rs 30,000-crore broking industry

Mankind Pharma files for IPO, could be second largest among pharma firms

The offer for sale is expected to be anywhere between Rs 5000-5500 crore, say sources

Harsha Engineers International IPO subscribed 10.35 times on Day 2 of issue

The company allotted 68.4 lakh shares at Rs. 330 per share

Should you subscribe to Harsha Engineers IPO? Here's what analysts say

Harsha Engineers IPO: Its exports make up nearly two-thirds of its revenue, and it supplies its products to customers in over 25 countries across North America, Europe, Asia, South America, and Africa

It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr

In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months

Tech companies likely to lead primary market revival in India: HSBC

Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.

Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue

TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore

DreamFolks Services IPO: Grey market premium jumps 15% on strong demand

In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price.

How to apply for an IPO and check allotment?

Companies go to the primary markets to raise money through IPO. Some of the IPOs are well-received while others are not. So, how do we apply for an IPO? Our next report tells.

Pharma company Innova Captab files draft papers with Sebi for IPO funding

Pharmaceutical company Innova Captab Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, Manoj Kumar Lohariwala, Vinay Kumar Lohariwala and Gian Parkash Aggarwal will sell 32 lakh shares each. At present, promoters -- Manoj and Vinay -- hold 39.66 per cent and 30.08 per cent stake, respectively, in the company, while Gian owns a 30.23 per cent holding in the pharma firm. Besides, the company may consider pre-IPO placement of equity shares aggregating up to Rs 80 crore. If such a placement is undertaken, the size of the fresh issue will be reduced. Of the Rs 400 crore proposed to be raised through fresh issuance of equity shares, Rs 180.5 crore will be used for payment of

15-yr record in IPO filing with Sebi belies market volatility, shows data

This high number of DRHP filing - or intent shown by companies to go public - paints a bullish picture.

Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round

Says that isn't a good thing as an IPO comes with great responsibilities; points to pressure from VCs as a reason for IPO move by companies