Page 17 - Ipo

Indian realty companies building up over Rs 15,000 crore IPO pipeline

Robust housing sales growth after the pandemic has prompted leading developers to unleash relevant inventory across markets, experts said

Kent RO, 3 others get Sebi nod for IPOs: Here's all you need to know

Upcoming IPOs: These companies are collectively expected to raise around ₹2,500 crore through their public issues

Karamtara Engineering gets Sebi nod for ₹1,750 cr IPO; check key details

Karamtara Engineering plans to raise ₹1,750 crore through a combination of fresh issue and offer for sale

TReDS platform M1xchange eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25

M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh crore. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is ...

Sebi relaxes stance on the IPOs of companies with high public float

Sebi has clarified that large public shareholding alone does not violate listing norms, paving the way for IPOs from firms like HDB Financial, Hero FinCorp, and Vikram Solar

Scoda Tubes shares make flat D-Street debut, list at ₹140 on BSE

The listing price of Scoda Tubes was significantly below grey market estimates of ₹160

Lalit Suri Hospitality Group eyes IPO after 2026 amid expansion plans

Co looking at Management Contracts and Religious Tourism

With an eye on IPO, 5 startups in process of reverse-flipping: Bay Capital

Metrics such as customer acquisition cost (CAC), lifetime value (LTV) and retention rates are now well understood, making it easier for startups to communicate their value propositions

Aegis Vopak Terminals shares make muted D-Street debut, list at 6% discount

Aegis Vopak Terminals shares listed at ₹220 on the BSE, against the issue price of ₹235

BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares

The IPO will be a pure offer for sale (OFS) with no issuance of new shares. CIL plans to offload up to 465.7 million equity shares through the offering

Prostarm Info Systems IPO subscribed 97x; Scoda Tubes offer booked 8.11x

The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer Scoda Tubes fetched 8.11 times subscription on the second day of bidding on Thursday

Fintech firm Razorpay completes reverse flip from US to India ahead of IPO

Fintech firm Razorpay has moved its parent company's domicile from the US to India as it gears up for an IPO, joining the growing trend of Indian startups relocating home

Unified Data-Tech shares make positive D-Street debut, list at 4% premium

Unified Data-Tech shares listed at ₹285 on the BSE SME platform, against the issue price of ₹273

Anchor lock-in expiry to unlock ₹21 billion worth shares by September 2025

The counters of Ajax Engineering, Dr Agarwal's Health Care, Ather Energy, and Hexaware Technologies will be among the major companies in the main board space to see their lock-in periods expire

IPO-bound ed-tech firm Imarticus Learning acquires MyCaptain in ₹50 cr deal

Prior to MyCaptain, in April 2023, Imarticus Learning acquired Hero Mindmine, the training arm of Hero Group

Prostarm Info Systems IPO receives 12.65x subscription on day-2 of offer

The Rs 168-crore initial share sale of integrated power solution company Prostarm Info Systems received 12.65 times subscription on day two of the bidding on Wednesday. The initial public offering (IPO) received bids for 14,16,94,842 shares, as against 1,12,00,000 shares on offer, as per NSE data. The non institutional investors category got subscribed 27.23 times, while the quota for Retail Individual Investors (RIIs) fetched 13.04 times subscription. The Qualified Institutional Buyers (QIBs) part received 1.03 times subscription. The IPO has a fresh issue of 1.6 crore equity shares. The price band for the offer is fixed at Rs 95-105 per share. Prostarm Info Systems intends to utilise Rs 72.50 crore of the total IPO proceeds towards funding capital requirements of the company, Rs 17.95 crore for payment of debt and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives as well as for general corporate ...

Blue Water Logistics IPO Day 2: Check subscription, GMP, and other details

Blue Water Logistics IPO subscribed 1.88 times. The issue received 1,285 applications from retail investors for 12,85,000 shares

Hero FinCorp receives Sebi's go-ahead to float Rs 3,668 crore IPO

Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has received Sebi's go-ahead to float a Rs 3,668 crore Initial Public Offering (IPO), an update with the markets regulator showed on Wednesday. The proposed IPO is a combination of fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by investor shareholders, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are -- AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. As per the update, Hero FinCorp, which filed its preliminary IPO papers with Sebi in August, obtained its observations on May 22. In Sebi's parlance, obtaining observations means its go-ahead to launch the public issue. Going by the draft papers, proceeds from the fresh issue will be used to increase the company's capital to meet future funding needs for lending ...

NSE valuation nears ₹6 trillion in unlisted market on IPO speculation

Sebi's circular issued on Monday has asked exchanges to submit their proposals before June 15

HDB Financial Services likely to get Sebi nod for $1.5 billion IPO

The Securities and Exchange Board of India's approval is set to be made public in the coming weeks, the people said, asking not to be named discussing a private matter