Page 14 - Ipo

TruAlt Bioenergy files IPO papers with Sebi as it aims to mop up Rs 750 cr

Leading biofuel producer TruAlt Bioenergy Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issuance of equity shares worth Rs 750 crore and an offer for sale (OFS) of up to 36 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP. The OFS consists of up to 18 lakh equity shares each by Dhraksayani Sangamesh Nirani and Sangamesh Rudrappa Nirani. The company may consider raising Rs 150 crore under the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Out of the proceeds from the fresh issuance, Rs 425 crore will be utilised for funding working capital requirements, Rs 172.68 crore for setting up multi-feed stock operations, besides, a portion will be used for general corporate purposes. Based in Bengaluru, TruAlt Bioenergy focuses on ethanol production, with a daily production capacity of 1,400 ...

Xolopak India files draft papers with NSE Emerge to mobilise funds via IPO

Pune-headquartered sustainable disposable packaging maker Xolopak India on Monday said it has filed draft papers with NSE Emerge to raise funds through an initial public offering (IPO). The IPO comprises a fresh issuance of 52,86,000 equity shares, each with a face value of Rs 10 each, a company statement said. Xolopak India Ltd (XIL), a leading player in sustainable disposable packaging products and India's first manufacturer of organic disposable cutlery and ice cream sticks and spoon products, has filed Draft Red Herring Prospectus (DRHP) with the NSE Emerge, the statement added. Xolopak India logged nearly three-fold growth in its revenue from operations at Rs 31.47 crore in the fiscal year 2023-24, compared to Rs 11.87 crore in FY2022-23 and has posted a net profit of Rs 6.36 crore in FY24, as against Rs 3.48 crore in FY23. As per to the DRHP, the Xolopak India intends to invest Rs 20 crore from the IPO proceeds for the acquisition of equity shares in Atharva Poly-Plast Pvt Lt

Street signs: A new charge to break resistance, Sebi casts the net, more

Sebi has proposed mandating that clearing corporations periodically pass on the interest income earned on cash collaterals to brokers

Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO

Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to Rs 1,590 crore, mainly to reduce debt. The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for repayment/prepayment, in full or in part, of certain borrowings. "We are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of our projects," the DRHP said. The company has a portfolio of 40 ongoing, forthcoming and planned projects comprising 49.77 million square feet area. Of these 25 projects having 22 million square feet are currently underway. While a majority o

IPO-bound OYO reports first ever net profit of Rs 229 crore in FY24

IPO-bound unicorn OYO reported its first-ever net profit at Rs 229 crore during the financial year ended March, as per its latest annual report. Ritesh Agarwal, OYO founder, acknowledged on X (formerly Twitter) on Wednesday that the numbers have exceeded his earlier estimate of Rs 100 crore for the 2023-24 fiscal year. "One big learning for me over the years is under-promise and over-deliver. Our audited results are published post-adoption by the board. The effort of OYOpreneurs has delivered Rs 229 crore net profit, exceeding my earlier estimate of Rs 100 crore," Agarwal tweeted. In a statement, OYO informed that the first-ever net profit comes on the back of eight consecutive quarters of positive Adjusted EBITDA. "OYO's Adjusted EBITDA grew by 215 per cent to reach nearly Rs 877 crore in FY24, up from about Rs 277 crore in FY23," the travel tech platform reported in its annual report. Aiming for global expansion, the company said it has acquired K&J Consulting, which operates ..

Ola Electric's impressive stock market debut putting Modinomics to test

The Bengaluru-based startup is being closely watched as a proxy for the country's factory ambitions

Interarch Building Products Ltd to open Rs 600-cr IPO on August 19

Construction solutions provider Interarch Building Products Ltd on Tuesday said it has fixed a price band of Rs 850-900 per share for its Rs 600-crore initial public offering (IPO). The initial share-sale will open for public subscription on August 19 and conclude on August 21, the company announced. The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 44.47 lakh shares valued at Rs 400 crore, at the upper end of the price band, by the promoters and investor-selling shareholders. This aggregates the total issue size to Rs 600 crore. Proceeds from the fresh issue will be used for capital expenditures, system upgrades, and general corporate purposes. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Further, investors can bid for a minimum of 16 equity shares and in multiples of 16 equity shares ...

Inventurus Knowledge Solutions files draft papers for IPO, seeks Sebi's nod

Inventurus Knowledge Solutions Ltd, which provides healthcare support services, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The company's IPO is entirely an Offer For Sale (OFS) of up to 2.82 crore equity shares by promoters and individual shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP). Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders. The company, which is backed by Rekha Jhunjhunwala and RARE Enterprises, in its draft papers filed on Monday, said that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges. Additionally, the company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity ...

Stock derivatives now under surveillance norms; FirstCry to debut on Tue

According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%

Pre-IPO allotments lose favour amid market buoyancy and larger float sizes

Opt to sell shares during IPO instead on hopes of better valuations

OYO's parent Oravel Stays raises Rs 1,457 crore in latest funding round

Oravel Stays Ltd, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round, sources said. The IPO-bound unicorn has raised nearly Rs 1,040 crore in the Series G funding round. This follows an earlier raise of Rs 416.85 crore in the same series and concludes the round. According to different documents accessed by PTI, the additional equity issuance was approved by 99.99 per cent shareholders in an EGM held on August 8. The capital will be used to support OYO's growth and its global expansion plans, sources said. The additional fund raise values the company at the same valuation of USD 2.4 billion, as the first Series G tranche issued to InCred in July, a source said. The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at Rs 29, consistent with the valuation of the recent raise in Series G. The funding round includes contributions from InCred Wealth, who led the recent fundrai

Lemon Tree plans to list its subsidiary Fleur Hotels to reduce debt

The management of the hotel chain told investors on its conference call that 90% of its debt lies in Fleur Hotels

Ola Electric Mobility rises 20% on debut on electric vehicle optimism

Following the listing of Ola, Aggarwal, who is just 38, has seen his net worth surpass $1.5 billion, cementing his place in the world's youngest billionaires list

FirstCry IPO subscribed 12 times; Ceigall India slips on stock market debut

FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others

FirstCry's parent Brainbees Solutions IPO subscribed 11% on Day 1 of offer

The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares

Bajaj Housing Finance, four others get Sebi's approval to go public

Sebi has also issued the observation letter or approval to IPOs of four other companies, including Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail

Ola Electric IPO fully subscribed on Day 2, retail portion booked 3 times

The electric two-wheeler maker has already allotted 364 million shares - worth Rs 2,763 crore - to anchor investors at Rs 76 apiece, the top end of the price band

Ceigall India's IPO subscribed 13.75 times on last day of share sale

The initial public offer of infrastructure company Ceigall India got subscribed 13.75 times on the last day of share sale on Monday. The Rs 1,252.66-crore initial share sale received bids for 30,68,91,912 shares against 2,23,13,663 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) received 31.50 times subscription while non-institutional investors' part got subscribed 14.40 times. The portion for Retail Individual Investors (RIIs) garnered 3.72 times subscription. The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 684.25 crore and an offer-for-sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue size to Rs 1,252.66 crore. Price range for the offer is Rs 380-401 per share. Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors. Proceeds from the fresh issue will be used

Baazar Style Retail raises Rs 37 cr from Volrado Partners in pre-IPO round

Baazar Style Retail Ltd on Monday said it has mobilised Rs 37 crore from venture-capital fund Volrado Ventures Partners Fund II in a pre-IPO (initial public offering) round. With this, the IPO-bound company's fresh issue size has been reduced to Rs 148 crore, from Rs 185 crore earlier. Additionally, the Kolkata-based company's maiden public issue consists of an Offer-For-Sale (OFS) component of up to 1.68 crore shares by promoter group entities and other selling shareholders, according to the draft red red herring prospectus (DRHP). Under the OFS, Rekha Rakesh Jhunjhunwala will sell 27.23 lakh equity shares, Intensive Softshare Private Ltd will offload 22.40 crore shares and Intensive Finance Pvt Ltd will divest 14.87 lakh shares among others. The offer includes a reservation for subscription by eligible employees. In a public announcement on Monday, Baazar Style Retail said it had undertaken a private placement of 9,56,072 equity shares to Volrado Ventures Partners Fund II at an

Street signs: Rs 12,000 crore IPO gauntlet, regulatory quake, and more

The Securities and Exchange Board of India's proposed tightening of derivatives trading rules is expected to have a profound impact on stock exchanges