Page 34 - Ipo

Best first half for IPOs in 17 years, 37 firms mop up nearly Rs 32k cr

Unlike the previous election years, bankers said there was more certainty regarding the outcome

Why Hyundai is again eyeing IPO in India, 25 years after its failed attempt

Hyundai needs the money especially for EVs but it could have sold equity in the South Korean parent company, which is much bigger and already listed

Officer's Choice whisky maker Allied Blenders raises Rs 449 cr ahead of IPO

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription. Nippon India Mutual Fund (MF), LIC MF, JM Financial MF, Jupiter India Fund, Societe Generale, Goldman Sachs (Singapore) Pte, Wipro Commercial (India) Ltd and Troo Capital were among anchor investors who were allotted shares, according to a circular uploaded on BSE website. The company has allotted 1.6 crore equity shares to 17 funds at Rs 281 apiece, which is also the upper end of the price band. This translates into a transaction size of Rs 449 crore, it added. The Rs 1,500-crore issue with a price band of Rs 267 to Rs 281 per share will open for public subscription during June 25-27. The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 500 crore by promoters. As a part of the OFS, Bina Kishore ...

Fast fashion retailer Shein filed for London listing in early June: Report

The Chinese-founded company, was valued at $66 billion in a fundraising round last year

Countdown begins: $12 billion pre-IPO shares set to escape lock-up

Release the fortune: Market observers predict surge in block deals as restrictions lift

Armee Infotech files draft papers to raise Rs 250 crore through IPO

IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company's initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes. Armee Infotech services a wide variety of projects for both government/public sector undertakings (PSUs) and private sector with a focus on government/PSU projects. The range of projects undertaken by the company includes supply and installation of IT hardware and software, setting up of smart classes, installing digital infrastructure for public distribution systems, and digitalisation of primary agriculture credit societies, among others. The IT industry pla

Warburg-backed Avanse Financial Services files for Rs 3,500-cr IPO

Avanse is the first education-focused NBFC looking to go public

Managed this fundraise because of biz performance: Zepto CEO Aadit Palicha

We have been able to raise this round purely because of business performance. We are growing 140 per cent year-on-year, said Palicha

Will the Indian stock market tank post the Hyundai IPO? What history suggests

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Allied Blenders IPO to open June 25; Sensex, FTSE rejig on Friday

NSE Indices has launched the thematic index Nifty India Tourism Index

Sebi tightens norms for IPO price discovery to curb manipulation

Introduces critical tweak to weed out fake orders during call auction

EV maker Ola Electric secures market regulator Sebi approval for IPO

Ola Electric is eyeing a $6-7 billion valuation through the offering

Emcure Pharmaceuticals gets market regulator Sebi's approval for IPO

IPO comprises fresh issue of equity shares worth Rs 800 crore and OFS of 13.6 million equity shares by promoters

Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore

Ola Electric IPO: The the first public offering by an EV startup in India includes an offer-for-sale component of 95.2 million shares

DEE Development Engineers IPO subscribed 2.51 times on Day 1 of offer

The initial public offer of piping solutions provider DEE Development Engineers got fully subscribed on the first day of bidding on Wednesday and ended with 2.51 times subscription. The Rs 418 crore initial share sale received bids for 3,74,51,044 shares against 1,49,44,944 shares on offer, as per NSE data. The portion for non-institutional investors received 5.29 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 2.67 times. The category for Qualified Institutional Buyers (QIBs) received 2 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares. The price range for the offer is fixed at Rs 193-203 per share. Dee Development Engineers Ltd on Tuesday said it has mobilised a little over Rs 125 crore from anchor investors. Of the Rs 325 crore fresh issue proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding working capital .

Hyundai's IPO poised to boost already-buzzing Indian automakers' valuations

Local auto stocks have already added $70 billion in market value so far this year, rising nearly 40 per cent - over four times the advance in the country's equity benchmark

Akme Fintrade's Rs 132 crore IPO subscribed 3 times on Day 1 of offer

The initial share sale of non-banking finance company Akme Fintrade (India) Ltd received 3 times subscription on the first day of bidding on Wednesday. The Rs 132 crore initial public offer received bids for 2,36,47,500 shares against 78,65,000 shares on offer, according to NSE data. The quota for non-institutional investors fetched 5.15 times subscription while the Retail Individual Investors (RIIs) part got subscribed 4.16 times. The category for Qualified Institutional Buyers (QIBs) received 2 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1.1 crore equity shares. Price range for the offer is Rs 114-120 per share. Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors. Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states -- Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company's portfolio includes vehicle finance and busine

Akme Fintrade IPO opens today; check price band, GMP, lot size here

The subscription for Akme Fintrade IPO opens on June 19, 2024, and closes on June 21, 2024. The price band for the IPO is set at Rs 114 to Rs 120 per share

Hyundai Motor IPO: Here are the top 10 biggest IPOs in Indian history

If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea

Durlax Top to raise Rs 40 cr via IPO, fixes price at Rs 65-68 per share

Solid surface manufacturer Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange, Durlax Top Surface said in the statement. The company has fixed the price band at Rs 65-68 per share for the issue of 60 lakh shares which will open for subscription from June 19 to June 21, it added. The IPO comprises a fresh issue of 42 lakh shares worth up to Rs 28.56 crore and an Offer for Sale of 18 lakh shares worth up to Rs 12.24 crore. Out of the fresh issue of Rs 28.56 crore, the company plans to utilise Rs 17.50 crore to part finance working capital requirements and Rs 6 crore towards general corporate purposes. Investors can bid for a minimum of 2,000 shares and in multiples thereof. Promot