Page 31 - Ipo

Wires maker R R Kabel IPO subscribed 1.39 times on Day 2 of bidding

The Initial Public Offering (IPO) of wires and cables manufacturer R R Kabel was subscribed 1.39 times on the second day of bidding on Thursday. The Rs 1,964 crore IPO received bids for 1,85,71,364 shares against 1,33,17,737 shares on offer, as per NSE data. The category for non-institutional investors received 2.1 times subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 1.65 times. The portion for Retail Individual Investors (RIIs) was subscribed 95 per cent. The IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 17,236,808 equity shares. The IPO has a price range of Rs 983-1,035 per share. R R Kabel's IPO was subscribed 25 per cent on the first day of bidding on Wednesday. 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 lig

SoftBank-backed Arm raises $4.87 billion in biggest IPO of the year

At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations. Underwriters have the option of buying as many as 7 million additional shares

Over Rs 7,000 crore IPOs on launchpad as Nifty50 crosses 20,000 mark

Bankers said some of the companies hitting the markets have been waiting to launch their issues for a while

RR Kabel IPO subscribed 25% on day 1, price band at Rs 983 to Rs 1,035

The fresh issue component of the IPO is only Rs 180 crore and the remaining is secondary share sale by promoters and TPG

Wire maker R R Kabel IPO subscribed by 25% on first day of bidding

The Initial Public Offer (IPO) of wires and cables manufacturer R R Kabel Limited was subscribed 25 per cent on the first day of bidding on Wednesday. The IPO received bids for 32,78,072 shares against 1,33,17,737 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed 36 per cent and the portion for non-institutional investors received 29 per cent subscription. The IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 1,72,36,808 equity shares. Price range for the offer is Rs 983-1,035 per share. At the upper end of the price band, the issue will fetch up to Rs 1,964 crore. On Tuesday, TPG-backed RR Kabel Ltd said it has mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units - one each cable and wire units in Waghodia in Gujarat and in Silvassa in the Union Territory of Dadra and Nagar Haveli, and a commercial lightings plant in Bengaluru and one each fast moving electrica

RR Kabel IPO off to slow start on Day 1; Should you subscribe?

The company plans to raise up to Rs 1,964 crore from its maiden share sale in the price band of Rs 983 - Rs 1,035. Offer closes on Friday.

Updater Services receives Sebi's approval to go-ahead to float IPO

Integrated facilities management company Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale (OFS) of up to 1.08 crore equity shares by a promoter and existing shareholders. Under the OFS, Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA will be selling shares of the company. Updater Services Ltd, which filed its draft papers in March, said that it will also consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced. In July, the company revised its OFS size from 1.33 crore equity shares to up to 1.08 crore equity shares by its promoter and investor-selling shareholder. Updater Services obtained its observations letter on September 4, an update with the ...

Updater Services receives Sebi's approval to float IPO of Rs 400 cr

Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 1.33 crore equity shares by a promoter and existing shareholders. Those who will be selling shares in the OFS are Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA. Also, the company may consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced. Updater Services Ltd, which filed its draft papers with the markets regulator in March, obtained its observations letter on September 4, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, obtaining an observation letter implies its approval to float the initial share

Share sale of travel service provider Yatra Online IPO to open on Friday

The initial share sale of travel service provider Yatra Online Ltd will open for public subscription on Friday. The three-day Initial Public Offering (IPO) will conclude on September 20 and the bidding for anchor investors will open on September 14 and for retail on September 15, according to the Red Herring Prospectus (RHP) filed on Friday. The online travel company had raised Rs 62 crore from a rights issue and allotted 26.27 lakh shares at a price of Rs 236 per share, which was a part of pre-IPO placement. Hence, the size of the fresh issue of Rs 750 crore has been reduced by Rs 148 crore, including the pre-IPO placement of Rs 62.01 crore, and accordingly, the fresh issue is Rs 602 crore. The company has revised its Offer For Sale (OFS) component from 93.28 lakh equity shares to 1.22 crore equity shares after its promoter, THCL Travel Holding Cyprus Ltd offloading more shares in the issue. The OFS now comprises up to 1.17 crore equity shares by THCL Travel Holding Cyprus Ltd an

Water infra player EMS Ltd IPO subscribed 3.71 times on Day 1 of offer

The initial public offer of water and sewerage infra player EMS Ltd got subscribed 3.71 times on the first day of the sale on Friday, riding on huge demand from non-institutional and retail investors. The share sale received bids for 4,00,47,140 shares against 1,07,87,431 shares on offer, as per data available with the NSE. The category for non-institutional investors was subscribed 5.97 times while the Retail Individual Investors (RIIs) part received 4.72 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 9 per cent. The IPO had a fresh issue of up to Rs 146.24 crore and Offer for Sale up to 82,94,118 equity shares. Price range for the offer is Rs 200-211 a share. The company offers water and sewerage infra solutions, including laying the sewerage network to build sewerage and water treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan. EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors. Proceeds from

Hospital chain Jupiter Life IPO subscribed 63.72 times on last day of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 63.72 times on the last day of subscription on Friday, helped by huge demand from institutional buyers. The public issue received bids for 54,14,60,120 shares against 84,97,169 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) received 187.32 times subscription, while the quota for non-institutional investors got subscribed 34.75 times and that of Retail Individual Investors (RIIs) was subscribed 7.73 times. The IPO had a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The initial public offering had a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane,

Wire and cables maker RR Kabel aims to raise $236 million via IPO

The Mumbai-based company, backed by private equity firm TPG, will issue new shares worth Rs 180 crore, as per its prospectus dated Sept. 6

EMS Ltd raises Rs 96.37 crore from anchor investors ahead of its IPO

EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors ahead of its Initial Public Offering (IPO) that starts on Friday. The water and sewerage infra player has decided to allocate 45.67 lakh equity shares to six entities at Rs 211 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Abakkus Diversified Alpha Fund, Saint Capital Fund, Meru Investment Fund, Bofa Securities Europe, Morgan Stanley Asia Singapore Pte and NAV Capital VCC- NAV Capital Emerging Star Fund are among the anchor investors. The IPO comprises fresh issue of equity shares worth Rs 146.24 crore and an Offer For Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh. Currently, Singh holds 97.81 per cent stake in the company. In the pre-IPO placement round, the firm had raised Rs 33.76 crore leading to a reduction in fresh issue size to Rs 146.24 crore from Rs 180 crore planned earlier. At the upper price band, the company

Hospital chain Jupiter Life IPO subscribed 3.3 times on day two of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 3.30 times on day two of bidding on Thursday. The IPO received bids for 2,80,31,300 shares against 84,97,169 shares on offer, according to NSE data. The portion for non-institutional investors was subscribed 6.63 times, the quota for Retail Individual Investors (RIIs) was subscribed 3.08 times and the category for Qualified Institutional Buyers (QIBs) received 1.12 times subscription. The IPO has a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The offer is in a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the 'Jupiter' brand with a total bed capacity of 1,194 as of De

Ratnaveer Precision Engineering IPO subscribed 21.77 times on 2nd day

The Initial Public Offering (IPO) of Ratnaveer Precision Engineering received 21.77 times subscription on the second day of the share sale on Tuesday, driven by encouraging demand from institutional investors. The IPO received bids for 25,66,70,250 shares against 1,17,88,000 on offer, as per NSE data. The category for non-institutional investors was subscribed 42.22 times, the portion for Retail Individual Investors (RIIs) got subscribed 23.05 times and the quota for Qualified Institutional Buyers (QIBs) received 4.21 times subscription. The IPO is a combination of fresh issue and offer for sale. The offering of 1,68,40,000 equity shares has a fresh issue of 1,38,00,000 equity shares and offer for sale of up to 30,40,000 equity shares. The price range for the offer is Rs 93-98 per share. The company is a stainless steel washer manufacturer and supplier. Unistone Capital Private Ltd is the manager to the offer.

Arm Ltd's IPO expectations tempered as roadshow kicks off: Report

The SoftBank Group Corp.-owned chip unit now seeks to raise $5 billion to $7 billion, down from as much as $10 billion it previously sought, Bloomberg News reported

Jyoti CNC Automation files papers to raise Rs 1,000 crore via IPO

CNC machine manufacturer Jyoti CNC Automation Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The company's maiden public issue is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. The company may consider a pre-IPO placement of equity shares worth Rs 200 crore. If such placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the issue would be used for debt payment, funding long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is one of the leading manufacturers of computer numerical control (CNC) machines and has customers in varied sectors. The company's customers include ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, Turkish Aerospace, Uniparts India Ltd, Tata Advances System Ltd, Tata Sikorsky Aerospace Ltd, Bha

SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

Rishabh Instrument IPO subscribed 32x; Arkade Developers files DRHP

As of July 31, Arkade had developed 1.8 million square feet of residential property. Its revenue in FY23 stood at Rs 224 crore

Jupiter Life Line Hospital announces IPO, plans to mop up Rs 869 crore

The company has disclosed that approximately Rs 500 crore from the public offering will be allocated towards debt repayment