Page 30 - Ipo

Samhi Hotels to Sai Silks: Subscriptions drop as IPOs get bunched up

Deterioration in market sentiment, investment fatigue also to blame

Sai Silks IPO subscribed 33 % on day 2 of bidding, RIIs subscribed 26%

The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 33 per cent on the second day of offer on Thursday. The initial share sale received bids for 1,27,49,966 shares against 3,84,86,309 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) received 51 per cent subscription while the quota for non-institutional investors got subscribed 27 per cent. The portion for Retail Individual Investors (RIIs) was subscribed 26 per cent. The public issue has a fresh issue of up to Rs 600 crore and an offer for sale of up to 2,70,72,000 equity shares. The price range for the offer is Rs 210-222 a share. At the upper end of the price band, the IPO will fetch about Rs 1,201 crore. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It has four store formats -- Kalamandir, VaraMahalakshmi S

Sai Silks Kalamandir's IPO subscribed 33% a day ahead of its close

Sai Silks is looking to raise Rs 600 crore in fresh capital, which will be used to set up 30 new stores and two warehouses to help fuel its growth

Instacart founder Apoorva Mehta exits with $1.1 bn fortune after IPO

The transition marks the end of Mehta's 11-year tenure with the company he co-founded in 2012

RR Kabel gains 15% on debut, Yatra Online's IPO manages to scrape through

The stock hit a low of Rs 1,141 and a high of Rs 1,213 on the BSE. Shares worth nearly Rs 1,900 crore got traded on NSE and BSE of the company

Signature Global raises Rs 318.5 cr from anchor investors ahead of IPO

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Signature Global raises Rs 318.5 cr from anchor investors ahead of IPO

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Instacart valuation zooms above $14 billion after stock pops 43% in debut

The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round

Domestic mutual funds anchoring more listings as issue sizes shrink

Have subscribed to shares worth Rs 2,850 cr as 'cornerstone investors' in 20 IPOs so far in FY24

R R Kabel to list on Wed, become 1st to debut within 2 days of IPO closure

Wires and cables manufacturer R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday --becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, R R Kabel will become the first company to list in the T+2 timeline -- the second working day after the issue closing on September 15. Capital markets regulator Sebi in August halved the timeline for listing of shares on stock exchanges after the closure of IPOs to three days (T+3) from six days (T+6). The new listing timeframe will be voluntary for all public issues opening on or after September 1 and mandatory for all issues after December 1, 2023. The reduction in timelines for listing and trading of shares will benefit both issuers as well as investors. Issuers will have faster access to the capital raised, thereby enhancing the ease of doing business while the investors wil

OYO's growth 'incredibly strong', can't give timeline for IPO: Troy Alstead

Profitability 'starting point' ensure growth, says independent director of hospitality major

Zaggle Prepaid IPO subscribed 12.57 times on last day of subscription

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd was subscribed 12.57 times on the last day of subscription on Monday. The initial share sale got bids for 24,28,83,090 shares against 1,93,26,761 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) was subscribed 16.73 times while the portion for non-institutional investors received 8.85 times subscription. The quota for retail individual investors got subscribed 5.94 times. The IPO had a fresh issue of up to Rs 392 crore and offer for sale of up to 10,449,816 equity shares. The company's IPO had a price range of Rs 156-164 a share. Zaggle Prepaid Ocean Services on Wednesday said it mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products, an

Ebanx to integrate India's UPI payments later this year, US IPO in works

Since its founding in 2012, Curitiba-based Ebanx has focused on cross-border transactions for clients like Spotify Technology SA, Airbnb Inc. and Alibaba Group Holding Ltd

Yatra Online IPO receives 30% subscription on second day of bidding

The initial public offer of travel company Yatra Online received a 30 per cent subscription on the second day of the issue on Monday. The Rs 775-crore IPO received bids for 94,27,005 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors (RIIs) was subscribed 1.34 times while the quota for non-institutional investors received a 9 per cent subscription and the qualified institutional buyers (QIBs) portion was subscribed 6 per cent. The initial public offer has a fresh issue of up to Rs 602 crore and an offer for sale of up to 1,21,83,099 equity shares. The price range for the offer is Rs 135-142 a share. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore toward

RR Kabel subscribed 19x; Lukewarm response for Samhi Hotels & more

Fintech player Zaggle Prepaid Ocean Services' initial public offering (IPO) received 43 per cent subscription on the second day of bidding

SoftBank left millions on the table to engineer a win for Masayoshi Son

as he and other top executives met with bankers to plot this week's initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch

Weekend Bites: FM's wish, 15 yrs since Lehman fell, Taper Tantrum, Apple

In which we munch over the week's platter of news and views

R R Kabel's Rs 1,964 cr IPO subscribed 18.69 times on final day of bidding

The initial share sale of wires and cables manufacturer R R Kabel was subscribed 18.69 times on the final day of subscription on Friday. The Rs 1,964-crore Initial Public Offering (IPO) received bids for 24,88,98,328 shares against 1,33,17,737 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 52.26 times. The quota for non-institutional investors attracted 13.23 times subscription while the portion for Retail Individual Investors (RIIs) was subscribed 2.13 times. The IPO had a fresh issue of up to Rs 180 crore and offer for sale of up to 17,236,808 equity shares. Price band for the offer was at Rs 983-1,035 a share. On Tuesday, the TPG-backed firm said it mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units -- one cable and wire unit each at Waghodia in Gujarat and at Silvassa in Dadra and Nagar Haveli, and a commercial lightings plant in Bengaluru. It also has a fast moving electrical goo

Yatra Online's Rs 775 crore IPO subscribed 11% on first day of bidding

The Initial Public Offering (IPO) of travel company Yatra Online Ltd was subscribed 11 per cent on the first day of bidding on Friday. The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors received 55 per cent subscription while the quota for non-institutional investors got subscribed 3 per cent. The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares. The IPO is in the price range of Rs 135-142 per share. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The initial public offering (IPO) of RR Kabel was subscribed 1.4 times on Thursday, the second day of the issue. The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent