Page 15 - Ipo

Ellenbarrie, Globe Civil shine on market debut; Kalpataru, Raymond subdued

Industrial listings see strong investor response while real estate debuts Kalpataru and Raymond Realty deliver modest or flat returns despite strong sectoral interest

India's IPO market eyes $2.4 bn in offerings in July on confidence revival

So far this year, India continues to the world's No. 2 IPO market with $5.86 billion raised, accounting for the 12 per cent of total proceeds globally, LSEG data shows

Hero Motors files draft papers for ₹1,200 cr IPO; looks to reduce debt

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400, the draft prospectus showed

Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO

Curefoods files for ₹800 crore IPO with investor exits led by Iron Pillar and Accel, even as the firm shows revenue growth and plans brand expansion

Investment bankers pocket just ₹104 crore from HDB Financial IPO

HDB Financial paid investment bankers just 0.83 per cent or ₹104 crore in fees for its ₹12,500 crore IPO-far lower than Hyundai, PayTM and Hexaware precedents

Tenneco Clean Air India files for IPO with Sebi, seeks to raise ₹3000 cr

Tenneco Clean Air India Ltd, part of the US-headquartered Tenneco Group, on Monday filed preliminary papers with capital markets regulator Sebi for a Rs 3,000-crore initial public offering (IPO). The proposed IPO is entirely an Offer for Sale (OFS) by the promoter Tenneco Mauritius Holdings Ltd with no fresh equity issuance, according to the draft red herring prospectus (DRHP). Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO and all funds raised will go directly to the selling shareholder. The objective of the IPO is to achieve the benefits of listing, the draft papers stated. Tenneco Mauritius Holdings Ltd, Tenneco (Mauritius) Ltd, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC are the promoters of the company. Tenneco Clean Air India is part of the Tenneco Group, a US-headquartered automotive component supplier. The company manufactures and supplies critical, highly engineered and technology-intensive clean air,

Silverton Industries files IPO papers, seeks ₹300 cr via fresh issue

Eco-friendly paper manufacturer Silverton Industries has filed draft papers with markets regulator Sebi seeking its approval to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 129.4 crore would be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. An additional Rs 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, Rs 72 crore for the payment of debt and the remaining funds for general corporate purposes. Silverton Industries is into manufacturing and marketing of eco-friendly ...

Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO

Pine Labs' DRHP shows CEO Amrish Rau's net worth may cross ₹1,000 crore as he sells shares via OFS, alongside Peak XV, PayPal, Mastercard and other investors

HDB Financial IPO subscribed 17x on strong institutional demand

HDB Financial's ₹12,500 crore IPO sees overwhelming interest from institutional investors, though modest grey market premium kept retail demand relatively low

Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr

Home and furnishings company Wakefit Innovations Ltd has filed preliminary papers with markets regulator Sebi, seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO of the Bengaluru-based company is a combination of a fresh issue of equity shares aggregating up to Rs 468.2 crore and an offer for sale (OFS) of 5.84 crore equity shares by the selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. As part of the OFS, the promoters -- Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders -- Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I will be offloading shares. Wakefit proposes to utilise the proceeds from the fresh issue worth Rs 82 crore for setting up of 117 new COCO -- Regular Stores and one COCO -- Jumbo Store; Rs 15.4 crore towards ...

Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids

Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day

Pine Labs files DRHP with Sebi for IPO; to raise ₹2,600 cr via fresh issue

Temasek and Peak XV Partners-backed Pine Labs has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth Rs 2,600 crore and an offer for sale (OFS) of more than 14.78 crore shares by investor selling shareholders, according to the draft red herring prospectus (DRHP) filed on Wednesday. Under the OFS, Peak XV Partners, London-based Actis, PayPal, Mastercard Asia/Pacific, Temasek through Macritchie Investments, Invesco, Madison India Capital, MW XO Digital Finance Fund Holdco, Lone Cascade LP, and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. The company plans a pre-IPO placement of shares aggregating to Rs 520 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 870 crore will be used by the company to repay debt and Rs 760 crore will

Netherlands-based firm Prosus sees IPO upside in India as portfolio matures

With $6.5 billion in Indian assets, the Dutch firm eyes near-term returns from listings, including Urban Company and BlueStone, amid sustained tech investment

HDB Financial IPO subscribed 37% on Day 1; HNIs, staff lead bids

HDB Financial's Rs 12,500 crore IPO opened with 37 per cent subscription on Day 1, led by HNIs and employees, while retail and institutional categories lagged

NSE to settle colocation case with Sebi for ₹1,388 cr; clears IPO path

The NSE has agreed to pay ₹1,388 crore to settle the colocation case with Sebi, resolving a major regulatory overhang and paving the way for its long-pending public listing

Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding

The initial public offer of Ellenbarrie Industrial Gases Ltd garnered a 31 per cent subscription on day two of the share sale on Wednesday. The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE. The category for non-institutional investors received 58 per cent subscription, while retail individual investors (RIIs) quota subscribed 37 per cent. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor investors. The Rs 852-crore IPO will conclude on Thursday. The price band has been fixed at Rs 380-400 per share for the issue. The initial public offer (IPO) is a combination of a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of 1.13 crore shares valued at Rs 452.53 crore at the upper end of the price band by promoters - Padam Kumar Agarwala and Varun Agarwal. This aggregates the issue size to Rs 852.53 crore. Proceeds from the fresh issue to the extent of Rs 210 crore will be used for .

HDB Financial Services IPO sees 37% subscription on first day of bidding

The initial public offer of HDB Financial Services Ltd, a subsidiary of HDFC Bank, received 37 per cent subscription on the first day of bidding on Wednesday. The initial share sale got bids for 4,85,98,380 shares against 13,04,42,855 shares on offer, as per NSE data. The category for non-institutional investors attracted 76 per cent subscription while the quota for Retail Individual Investors (RIIs) got subscribed 30 per cent. Qualified Institutional Buyers (QIBs) quota got subscribed 1 per cent. HDB Financial Services mopped up Rs 3,369 crore from anchor investors. The Rs 12,500-crore initial public offering (IPO) will conclude on June 27. The price band for the offer has been fixed at Rs 700-740 per share. At the upper end of the price band, the company is valued at nearly Rs 61,400 crore. The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by the promoter, HDFC Bank. At present, HDFC Bank owns a 94.36

HDB Financial Services raises ₹3,369 crore through anchor allotment

The prominent institutional investors who participated in the anchor allotment included Life Insurance Corporation, ICICI Prudential Mutual Fund, Nippon Life, and Goldman Sachs Funds, among others

Sambhv Steel raises ₹161 crore from anchor investors ahead of IPO launch

Sambhv Steel Tubes on Tuesday said it has mobilised Rs 161.25 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription. WhiteOak Capital Mutual Fund (MF), Motilal Oswal MF, Nuvama Asset Management, Astorne Capital VCC Arven, Citigroup Global Markets Mauritius, Nomura Singapore, Societe Generale, and BNP Paribas Financial Markets, among others have been allotted shares in the anchor round. According to a circular uploaded on BSE's website, Sambhv Steel allocated over 1.96 crore equity shares to 19 entities at Rs 82 per equity share, which is the upper end of the IPO price band. The Rs 540-crore initial public offering (IPO) will open for public subscription on June 25 and conclude on June 27. The price band has been set at Rs 77-82 per share for its issue. The IPO is a mix of fresh issue of equity shares valued at Rs 440 crore and an offer for sale (OFS) of shares worth Rs 100 crore by promoters. Proceeds from the fresh issue will be

Globe Civil Projects IPO gets fully subscribed on day 1 of bidding

The initial public offer of civil construction and infrastructure development company Globe Civil Projects fully subscribed on the first day of bidding on Tuesday and finally ended the session with a 6.96 times subscription. The Rs 119-crore IPO received bids for 8,16,76,623 shares against 1,17,32,392 shares on offer, as per NSE data. The quota for non-institutional investors garnered 8.16 times subscription, and the category for qualified institutional buyers (QIBs) subscribed 8.06 times. The portion for retail individual investors (RIIs) received 5.82 times the subscription. The Initial Public Offer (IPO) of up to 1,67,60,560 equity shares has a price range of Rs 67-71 per share. The issue will close on June 26. Its shares will be listed on BSE and NSE. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery and the remain