Page 27 - Ipo

NSDL gets Sebi nod for IPO over a year after filing offer document

At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake

Suraksha Diagnostic gets Sebi's go ahead to raise funds through IPO

Integrated diagnostic chain Suraksha Diagnostic Ltd has received Sebi's go ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The Kolkata-headquartered company's proposed IPO consists of an Offer-for-Sale (OFS) of up to 1.92 crore equity shares by promoters and investor shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP). Under the OFS, promoters -- Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and investors -- OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal and Santosh Kumar Kejriwal will offload shares. The company, which had filed preliminary IPO papers in July, obtained the regulator's observation on September 30, the update showed. In Sebi's parlance, obtaining its observations means the regulator's go ahead to float the public issue. As per the draft papers, the company will not receive any proceeds and all the funds will go to the selling shareholders as

IPO-bound food delivery app Swiggy launches XL EV fleet for bulk orders

Swiggy's new XL fleet includes 20 specially designed electric vehicles that cater to large orders

Afcons Infrastructure likely to opt for Rs 4,000 cr pre-IPO placement

Pre-IPO placements occur after filing the offer document. The amount raised through this route results in a reduction of the IPO size to that extent

Vishal Mega Mart, ACME Solar Holdings get Sebi's go ahead to float IPOs

Three companies -- supermart major Vishal Mega Mart, renewable energy firm ACME Solar Holdings and packaging equipment manufacturer Mamata Machinery -- have received Sebi's clearance to raise funds through initial public offerings (IPOs), an update with the regulator showed on Monday. On the other hand, the regulator has returned the draft offer document of manpower services company Innovision, whose proposed IPO was a mix of fresh issuance of shares worth Rs 315 crore and an Offer For Sale (OFS) of up to 11.81 lakh shares. Before that, Hyundai MotorIndia Ltd, the Indian arm of South Korean automaker Hyundai, and food and grocery delivery major Swiggy received Sebi's nod on September 24 to float IPOs. Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale, while the IPO of Swiggy has been pegged at over Rs 10,000 crore. Going by Sebi's update on Monday, Mega Mart took the ...

822 IPOs globally aimed to raise $65bn till August; India tops APAC tally

Investors, the report suggests, are shifting towards larger, more valuable IPOs at the global level despite the reduced number of listings thus far in 2024

SME IPO bet, aerial arts: Top personal finance stories of the week

What risks investors face when they back small and medium enterprises and how aerial art is becoming a popular fitness culture

Swiggy files for IPO, aims to raise Rs 3,750 crore through fresh issue

Sources, however, added that the company may decide to upsize the fresh issue component by another Rs 5,000 crore, taking the total fresh issue component up to Rs 11,600 crore

Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore

Swiggy's long-awaited public listing comes amid a booming IPO market, with 198 companies having raised $7.1 billion in the year to Sept.4, more than double the amount for the same period last year

Bourses call for better checks by merchant bankers on IPO-bound SMEs

Over 80 merchant bankers apprised about discrepancies, lack of background checks

Wow Momo plans to go public in 2 years, takes cues from Domino's for IPO

India's $5 billion fast-food sector has seen significant growth, driven by rising demand among low- and middle-income families

Rahul Dravid, Zaheer Khan, Karan Johar invest in Swiggy ahead of IPO launch

Swiggy previously secured investments from Bollywood stars like Madhuri Dixit and Amitabh Bachchan, along with entrepreneur Ritesh Malik, during its pre-IPO funding rounds

Bajaj now third most valued finance group; overtakes State Bank of India

Bajaj Housing Finance, which more than doubled on listing day, added Rs 1.36 trillion to the group's mcap

Spice brand MTR's owner Orkla exploring IPO in 2025, says top executive

The company is looking to expand its play in the international market-with a focus on Gulf Cooperation Council (GCC) countries

NTPC Green Energy files draft papers for around Rs 10,000 crore IPO

Senior management of the company confirmed the development, but the spokesperson declined to comment

Tata Sons rules out IPO plans despite push from shareholder SP group

Holding co prepays Rs 21,813 crore debt in FY 2024 to declassify itself as NBFC upper layer

Northern Arc Capital IPO got subscribed 9.98 times on Day 2 of offer

The initial public offer of non-bank financial institution Northern Arc Capital Ltd got subscribed 9.98 times on the second day of bidding on Tuesday. The share sale received bids for 21,43,97,349 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors received 21.71 times subscription while the Retail Individual Investors (RIIs) part got subscribed 10.82 times. The portion meant for Qualified Institutional Buyers (QIBs) garnered 20 per cent subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company will conclude on September 19. The price has been fixed in the range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue si

PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale

PMEA Solar IPO: The funds raised through the fresh issue will be allocated towards capital expenditure and debt repayment

Bajaj Housing Finance surges 2.4x on debut, adds Rs 79K cr in market value

BHF's strong debut follows strong demand for its shares during its Rs 6,560 crore IPO, which saw 67 times more demand than shares on offer and garnered record Rs 3.2 trillion worth of bids

Western Carriers IPO gets subscribed 4.83 times on Day 2 of subscription

The Kolkata-based company's initial public offering (IPO) is available for subscription in the price range of Rs 163-172 per share