Page 4 - Ipo Valuation

Pharma firm Innova Captab IPO subscribed 1.40 times on first day of offer

The initial public offer of integrated pharmaceutical company Innova Captab got subscribed 1.40 times on the first day of subscription on Thursday. The Rs 570 crore initial share sale received bids for 1,27,25,196 shares against 90,78,010 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 2.12 times subscription while the quota for non-institutional investors was subscribed 96 per cent. The category for Qualified Institutional Buyers (QIBs) received 44 per cent subscription. The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 320 crore and an Offer for Sale of up to 55,80,357 equity shares. The IPO comes in a price range of Rs 426-448 a share. Innova Captab on Wednesday said it has collected Rs 171 crore from anchor investors. Proceeds from fresh issuance worth Rs 144.40 crore will be utilised for payment of debt, Rs 23.60 crore for investment in the subsidiary, UML, Rs 72 crore for funding working capital requirements

RBZ Jewellers IPO receives 16.86 times subscription on last day of offer

The Rs 100 crore-initial share sale of RBZ Jewellers received 16.86 times subscription on the closing day of bidding

Byju's Aakash Educational Services IPO valuation likely to hit $4 billion

May pick the lead bank in 2 weeks and DRHP expected in Jan-Feb

Decoding the KPI conundrum of new-age companies hitting the public market

Tech start-ups do not reveal important numbers to back their narratives of consumer flywheels and unrelenting growth

What does the country's largest IPO of LIC mean for investors and govt?

After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move

The government has hit 5 sixes in a row with this Budget: Shankar Sharma

The markets gave a thumbs up to the budget. In an interview with Business Standard, Vice-Chairman and Joint Managing Director at First Global, Shankar Sharma, shared his views on this year's budget

Ongoing market turmoil not to impact IPO valuation: Vedant Fashion

The ongoing correction in capital market has not dented valuation of Kolkata-based ethnic wear major Vedant Fashions' initial public offer that aims to raise Rs 3,149 crore

Paytm, Star Health IPOs show retail investors' psyche: Analysts

Paytm's IPO was subscribed 1.89 times and Star Health's offer was subscribed 79 per cent

Exxaro Tiles makes tepid debut; lists at 5% premium over issue price

Exxaro Tiles is engaged in manufacturing and marketing vitrified tiles that are used mainly for flooring solutions

IPO Street: Zomato proposed offering ranks third on the league table

The largest-ever fresh fundraising through an IPO was by Reliance Power at Rs 10,123 crore in 2008

SBI Cards IPO: Why analysts suggest subscribing despite rich valuation

Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.

I-bankers, brokers divided over BSE IPO valuation

Brokers expect pricing at Rs 600 apiece; bankers believe IPO could fetch Rs 450 a share