Page 28 - Ipo

Northern Arc Capital IPO fully subscribed on Day 1, 2.86x oversubscribed

The initial public offer of non-bank financial institution Northern Arc Capital received 2.86 times subscription on the first day of the share sale on Monday. The share sale received bids for 6,14,36,709 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors fetched 4.47 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 3.86 times. The Qualified Institutional Buyers (QIBs) part received 2 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 size

Fabtech Technologies files draft papers with Sebi to raise funds via IPO

Fabtech Technologies -- a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry -- has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Mumbai-based company's proposed initial public offering (IPO) is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees, according to the draft red herring prospectus (DRHP). The company may raise up to Rs 10 crore through the pre-IPO round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the IPO to the extent of Rs 120 crore will be used for funding the working capital requirements of the company, and Rs 30 crore for pursuing inorganic growth initiatives through acquisitions, and general corporate purposes. Fabtech Technologies, part of the Fabtech Group was incorporated as Globeroute Ventures Private Ltd. The company demerg

Mutual funds betting big on recently listed and new-age companies

PB Fintech and Delhivery were also among the top 15 most bought stocks, as per an analysis by Nuvama Alternative & Quantitative Research

Northern Arc Capital gets Rs 229 cr from anchor investors ahead of IPO

According to a circular uploaded on BSE's website, the company has allotted 8.702 mn equity shares to 15 funds at Rs 263 apiece, which is also the upper end of the price band

IPOs next week: Bajaj Housing among 14 listings; 5 new offers on radar

The upcoming week is packed with opportunities for investors, starting with the initial public offerings of Arkade Developers, and Northern Arc Capital

Liquidity galore in markets: Spotlight on IPOs in trillion-bid club

Bajaj Housing Finance IPO highlights history's highest-bid public offerings

Bajaj Housing IPO sees record-breaking demand, garners 9 mn applications

Cumulative bids exceed Rs 3.24 trillion

Burma Burma plans IPO by 2027, aims for Rs 300 crore revenue before listing

Burma Burma is also eyeing international markets for expansion, with a focus on the United Arab Emirates (UAE) and the United Kingdom (UK)

Blackstone prepares to take two firms public amid buoyant markets

Files DRHPs for Ventive Hospitality, IGI to raise funds via IPO

Shriram Group to list general insurance arm first, both IPOs in two years

Shriram Group and South African financial services giant Sanlam jointly own Shriram Life Insurance and Shriram General Insurance

Swiggy plans to raise Rs 5,000 crore via fresh issue in upcoming IPO

The Bengaluru-based company had already targeted Rs 6,664 crore through an offer for sale (OFS)

After Ola Electric, e-scooter maker Ather Energy files for $536 million IPO

The IPO is the latest in India's booming stock market that has attracted about 200 companies to raise more than $7 billion through IPOs so far this year, per LSEG data

Bajaj Housing Finance's $782 mn float kicks off busy week for Indian IPOs

This week alone, IPOs of 16 companies open for subscription, including Bajaj Housing Finance's smaller peer Sammaan Capital

Street signs: 10 IPOs raised Rs 17,110 cr, bullfight of exchanges, and more

NSE celebrates 30 years of operations, it recently unveiled sculptures of a bull and human figures on its campus

Swiggy reports Rs 33 crore fraud by ex-employee, files legal complaint

The IPO-bound company engaged an external team to investigate the and filed a legal complaint against the former junior employee for embezzling money

Food aggregator Swiggy strengthens top deck ahead of upcoming IPO

This comes at a time when competition is intensifying in the rapidly growing quick commerce space

Primary driver: How average listing gains are pushing IPO subscriptions

Retail investors would be well advised to approach the market with caution and the exchanges must ensure that only quality issues make it to the market

Premier Energies gains 86% on trading debut; Nifty gains for a 14th day

The benchmark Nifty's winning run continued, with the 50-share index managing to eke out just a 1.15-point gain on Tuesday to end at 25,280

ECOS Mobility IPO GMP surges 40%; experts eye double digit listing gains

ECOS (India) Mobility & Hospitality shares are slated to make their debut on the bourses tomorrow, Wednesday, September 4, 2024. Check listing price prediction here

Bajaj Housing Finance targets nearly $7 bn valuation through $782 mn IPO

As of Aug. 28, about 200 companies have raised $7.11 billion through IPOs this year, more than double in the same period last year, according to LSEG data