Page 19 - Ipo

Hindalco-owned Novelis delays IPO amid weak market conditions, shares fall

The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services

Investors subscribe Kronox Lab Sciences IPO 24.57 times on 2nd day of offer

The initial public offer of Kronox Lab Sciences received 24.57 times subscription on the second day of bidding on Tuesday. The IPO got bids for 16,45,99,160 shares against 66,99,000 shares on offer, as per NSE data. The quota for non-institutional investors got subscribed 52.92 times while the category for Retail Individual Investors (RIIs) fetched 24.52 times subscription. The portion for Qualified Institutional Buyers (QIBs) received 3.39 times subscription. The Initial Public Offer (IPO) has an offer for sale of up to 95,70,000 equity shares. The price range for the IPO is Rs 129-136 a share. Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors. Pantomath Capital Advisors is the manager to the offer. The company's equity shares are proposed to be listed on the BSE and NSE. Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio has more than 185 products. The products a

Sebi seeks additional IPO disclosures to speed up clearance process

After a co files for IPO, Sebi may seek additional details from merchant bankers, and the companies can also file addendums to their draft documents based on clarifications sought by market regulator

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

Kronox Lab Sciences IPO opens today for bids; check price bands, GMP

Kronox Lab Sciences IPO price band is set at Rs 129 to Rs 136 per share. The minimum lot size for an application is 110 shares

Indian bankers get ready for IPO surge as elections come to a close

The year's largest IPOs are likely yet to come, such as South Korea's Hyundai Motor Co.'s first-time share sale of its India unit, which could raise about $2.5 billion

Molbio Diagnostics prepares for IPO in FY25 to raise Rs 2,200-2,400 crore

Molbio Diagnostics became Goa's first startup to achieve unicorn status in September 2022 following a Rs 680 crore investment from Temasek and MOPE, plans to launch the IPO in November

Aimtron Electronics IPO opens today; check price bands, lot size, GMP

Aimtron Electronics initial public offering (IPO) is set to open for subscription on Thursday, May 30, 2024. This is a book-built issue aiming to raise Rs 87.02 crores

Ztech India IPO subscription opens today; price bands, lot size, GMP here

On Tuesday, May 28, Ztech India secured Rs 10.61 crore from anchor investors by offering them a total of 9,64,800 shares

Hindalco Industries looks to garner $945 million via Novelis US IPO

To offload 45 mn shares, or 7.5% stake, at $18-21 apiece; values arm at $12.6 bn

Hyundai Motor adds Kotak, Morgan Stanley for possible record India IPO

Hyundai Motor India Ltd. plans to file for an IPO in June, International Financing Review reported earlier Monday, when it also said Kotak and Morgan Stanley were joining the syndicate

Beacon Trusteeship's IPO opens on May 28; check price bands, lot size, GMP

Beacon Trusteeship's initial public offering (IPO) is set to open for subscription on Tuesday, May 28, 2024

Sebi mandates 10-minute video disclosure for companies launching IPOs

"The content of the AV must be factual, non-repetitive, non-promotional and shall not be misleading in any manner," said Sebi

IPO Alert: Awfis Space Solutions opens today: Should you subscribe?

Awfis Space Solutions IPO opens for subscription on May 22, 2024, and closes on May 27, 2024. The allotment for the IPO is expected to be finalised on Tuesday, May 28, 2024

Stock market volatility: It is a good time to rebalance equity portfolio

Equities offer the best potential for wealth building over the long term. Investors need to invest time and effort in acquiring skills to improve their stock selection, timing, money management skill

Rulka Electricals IPO oversubscribed 13.7 times on day 2; check price, GMP

Rulka Electricals SME IPO's present GMP on May 17th, 2024 is Rs 235. With a price band of Rs 235.00, Rulka Electricals SME IPO's estimated listing price is Rs 470 with an expected listing gain of

Awfis Space Solutions' IPO to open on May 22, at Rs 364-383 per share

Flexible workspace solutions company Awfis Space Solutions Ltd on Thursday fixed a price band of Rs 364-383 per share for its Rs 599 crore initial public offering. The company's maiden public issue will open on May 22 and conclude on May 27 and the bidding for anchor investors will open for a day on May 21, according to a statement. Awfis Space Solutions' proposed initial public offering (IPO) is a combination of fresh issue shares to the tune of Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the total IPO size to Rs 599 crore. Promoter Peak XV Partners Investments V (formerly known as SCI Investments) and shareholders Bisque Limited and Link Investment Trust will offload shares in the OFS. At present, Peak XV holds 22.86 per cent stake in Awfis Space Solutions, Bisque and Link Investment Trust own 23.47 per cent and 0.36 per cent stake, respectively, in the company. Proceeds from the fresh issue woul

Go Digit IPO Day 2 subscription status: Issue booked 67% so far, GMP dips

Go Digit IPO Day 2: The grey market premium (GMP) of Go Digit Insurance has fallen to Rs 15 from Rs 45 on May 15

Aadhar Housing stages flat market debut at Rs 314 on BSE

Aadhar Housing Finance made a flattish stock market debut on Wednesday with its shares of housing finance company (HFC) getting listed at Rs 315 per share ,a 0.22 per cent discount

Healthcare tech firm Indegene shares rally over 26% in debut trade

Shares of healthcare tech firm Indegene Ltd on Monday ended with a premium of over 26 per cent against the issue price of Rs 452. The stock listed at Rs 659.70, up 45.95 per cent from the issue price on the BSE. It later ended at Rs 570.65, rallying 26.25 per cent. On the NSE, it started the trade at Rs 655, registering a gain of 44.91 per cent. The stock ended at Rs 569.50, up 25.99 per cent. The company's market valuation stood at Rs 13,614.40 crore. In volume terms, 22.73 lakh shares of the company were traded on the BSE and 356.45 lakh shares exchanged hands on the NSE during the day. The Initial Public Offer (IPO) of Indegene got subscribed 69.71 times on the closing day of bidding on Wednesday last week. The Rs 1,841.75 crore IPO had a fresh issue of up to Rs 760 crore and an offer-for-sale of up to 2,39,32,732 equity shares. The price band for the offer was Rs 430-452 a share. Funds raised through the fresh issue would be used to pay debt, fund capital expenditure requir