Page 16 - Ipo

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

Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025

The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal

Ellenbarrie Industrial raises ₹256 crore from anchors investors before IPO

Ellenbarrie Industrial Gases on Monday said it has raised Rs 256 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription. HDFC Mutual Fund (MF), Axis MF, Bandhan MF, Tata MF, Motilal Oswal MF, Nippon India MF, HDFC Life Insurance, British multinational Prudential through Eastspring Investments, ICICI Lombard General Insurance, Citigroup Global Markets Mauritius, and Copthall Mauritius Investment, among others, have been allotted shares in the anchor round. According to a circular uploaded on BSE's website, Ellenbarrie Industrial Gases allocated a little over 63.93 lakh equity shares to 28 entities at Rs 400 per share, which is the upper end of the IPO price band. The Rs 852-crore initial public offering (IPO) will open for public subscription on June 24 and conclude on June 26. The price band has been set at Rs 380-400 per share for the issue. The initial public offer is a combination of a fresh issue of shares worth Rs 400 crore and

PhonePe eyes $1.5 billion IPO, draft papers likely by early August

Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley have been enlisted to manage PhonePe's IPO

Oswal Pumps share slips 7%, falls below IPO price after lacklustre debut

Shares of Oswal Pumps slipped 7 per cent to ₹580, falling below its issue price ₹614 on the BSE in Monday's intra-day trade.

Decision on merger with Biocon Biologics soon, says Siddharth Mittal

We are talking about the GLP-1 opportunity and our strong franchise in insulins. There is a huge demand in the global diabetes-obesity segment, said Siddharth Mittal

Street Signs: Nifty's new conquest, SME bankers under regulatory scalpel

The Nifty 50 index broke new ground, closing "decisively" above the 25,000 mark for the first time since September 2024

Arisinfra Solutions subscribed 2.6x; Sambhv Steel prices IPO at ₹77-₹82

Sambhv Steel IPO is a mix of fresh issue of equity shares valued at ₹440 crore and an offer for sale of shares worth ₹100 crore by promoters

Ellenbarrie sets IPO price at ₹380-400; Arisinfra subscribed 1.3x on Day 2

The Rs 852-crore IPO is a mix of fresh issue worth Rs 400 crore and an offer for sale of Rs 452 crore

Reverse-flipping and startup IPOs get boost as Sebi relaxes norms

Sebi allows ESOP, convertible security holding at DRHP stage, relaxes PSU delisting, FPI norms; proposes fee transparency, simplifies documents for investors

Urban Company swings to profit ahead of planned IPO as revenue jumps 38%

Urban Company reports ₹1,144.5 cr revenue, aided by tax credit and operational gains; trims IPO size citing market conditions; aims to tap growing home services market

Arisinfra Solutions' IPO receives 24% subscription on day 1 of offer

The retail investor segment was subscribed 1.04 times on the first day, while non-institutional investor participation stood at 19 per cent of the allocated quota

Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors

ArisInfra Solutions Ltd on Tuesday said it has raised Rs 225 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription. Astorne Capital VCC, Niveshaay Hedgehogs Fund, Citigroup Global Markets Mauritius, Rajasthan Global Securities, Sunrise Investment, Nexus Global Opportunities Fund, Zeal Global Opportunities Fund, Saint Capital Fund, Beacon Stone Capital among others have been allotted shares in the anchor round. According to a circular uploaded on BSE's website, ArisInfra Solutions allocated 1,01,26,946 shares to 15 funds at Rs 222 per equity share, which is the upper end of the IPO price band. The nearly Rs 500-crore IPO will open for subscription on June 18 and conclude on June 20. The price band has been set at Rs 210 to Rs 222 per share for the public issue. The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component. At the upper end of the price band, the company is valued a

Oswal Pumps IPO subscribed 34 times; QIBs bid 88 times the quota

The ₹1,387-crore IPO saw strong interest from institutional and HNI investors, with proceeds earmarked for expansion, subsidiary investment, and debt repayment

Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks

The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors