Page 26 - Ipo

Apollo Green to launch IPO in 2025; to build Rs 10K cr project portfolio

Apollo Green Energy Ltd (AGEL), part of Apollo International Group, on Tuesday said it is preparing for a public listing next year to support its expansion plans and secure new projects. Also, the company is set to build a Rs 10,000-crore project portfolio by 2025. "With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation's energy needs and promote sustainability. Our upcoming IPO in 2025 will further strengthen our financial base, enabling us to scale our operations and invest in cutting-edge renewable technologies," Sanjay Gupta, CEO, Apollo Green Energy Ltd, said. AGEL is a leading Engineering, Procurement, and Construction (EPC) company specializing in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power. Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of solar ...

Niva Bupa sets a price band of Rs 70-74 for its Rs 2,200 crore IPO

The IPO is a mix of a fresh issue of up to Rs 800 crore and an offer for sale (OFS) of up to Rs 1,400 crore by Bupa Singapore Holdings Pte Ltd and Fettle Tone LLP

Street Signs: IPO pulse weakens, TBO Tek's lock-up expiry, and more

The last released net SIP data for July stood at Rs 8,964 crore, with gross inflows reaching Rs 23,332 cr

HDB Financial Services files draft papers for Rs 12,500 crore IPO

The lender plans to use the proceeds from the IPO to enhance its Tier-I capital base and meet future capital requirements, including those for onward lending

Swiggy IPO gets bids of $15 bn from big investors like Norges, Fidelity

Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35 billion IPO that will be country's second-biggest stock offering this year

Firms get second shot at IPO jackpot as buoyant markets offer a lifeline

So far in 2024, 68 firms have raised over Rs 1 trillion through IPOs. This is only the second time after 2021 that IPO mop-up is crossing Rs 1 trillion

NTPC Green Energy's Rs 10,000 crore IPO likely to unlock value for parent

NTPC is targeting 60 Gw of renewable energy (RE) capacity by FY32 through NGEL

Waaree's Hitesh Doshi: The tycoon who began with $60 and is now worth $5 bn

With the listing of the group's solar cell manufacturing arm Waaree Energies Ltd. on Monday in Mumbai, Doshi and his family have joined the ranks of the world's richest people

A mixed bag for new listings: Waaree Energies up 56%, Deepak Builders dips

Waare's IPO consisted of fresh fundraise of Rs 3,600 crore and an offer for sale of Rs 721 crore. The stock is priced at 53 times its financial year 2024 (FY24) earnings of Rs 1,274 crore

National Stock Exchange's IPO hinges on approval from Sebi, says CEO

The National Stock Exchange of India Ltd., whose initial public offering has faced delays since it initial filing in 2016, needs approval from the Sebi to reapply

Hyundai Motor India gets flood of bullish calls amid its weak debut

The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers

Investors subscribe Deepak Builders IPO 12 times offer size on day 2

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd got subscribed 12 times on the second day of share sale on Tuesday. The Rs 260 crore initial share sale received bids for 10,75,78,932 shares against 89,67,061 shares on offer, according to data available with the NSE. The non-institutional investors part got subscribed 17.39 times while the portion for Retail Individual Investors (RIIs) received 15.93 times subscription. The category for Qualified Institutional Buyers (QIBs) received 1.08 times subscription. The Initial Public Offer (IPO) of Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of share sale on Monday. The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. The price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book-running lead manager to the offer.

Reaching milestone: IPO market roars past Rs 1 trillion mark in 2024

Ample domestic liquidity and encouraging post-listing performance have driven this year's IPO success

Hyundai Motor India drops 7% in market debut after country's biggest IPO

HMIL's IPO had seen strong response from sovereign wealth funds and domestic mutual funds, but retail and wealthy investors sidestepped the issue amid a selloff in auto stocks and overall markets

Waaree Energies IPO subscribed 3.3x on day 1; Groww FY24 topline doubles

The Rs 5,430-crore IPO of Afcons Infrastructure, a Shapoorji Pallonji group firm, will open for subscription on Friday

Striking gold: I-bankers earn record Rs 493 cr from Hyundai Motor India IPO

Fees from handling equity share sales hit Rs 3K cr in 2024

Early-stage VC firm 8i Ventures scores 12X return on M2P Fintech exit

The fintech startup's evolution from a card-issuing platform to a broader banking-as-a-service (BaaS) provider helped drive the returns

Hyundai Motor India IPO allotment: Check status; GMP shows weak listing

Hyundai Motor IPO Allotment: Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960

Share Market Today: Bajaj Auto Q2 nos, Oil falls, Hyundai Motor IPO Day 2

At 6:30 AM, GIFT Nifty Futures were trading about 49 points lower at 25,069, suggesting a negative start for Indian markets.

Hyundai IPO subscribed 18% on Day 1; LIC MF reduces minimum SIP limits

Shares of Garuda Construction and Engineering ended with a 12.5 per cent gain on Tuesday