Page 39 - Ipo

Plant-based speciality firm Sanstar gets Sebi's nod to float IPO

Plant-based speciality products company Sanstar Ltd has received Sebi's go-ahead to float an initial public offering, an update with the markets regulator showed on Tuesday. The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the draft red herring prospectus (DRHP). According to market sources, the IPO size is expected to be Rs 425-500 crore. Also, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced The Ahmedabad-based company, which filed its draft IPO papers with Sebi in January this year, obtained its observations on April 30, as per the update. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. Going by the draft papers, proceeds from the fresh issue will be utilised to fund the capital expend

NSE investors may face further delays for its initial public offering

According to industry players, one of the key requirements for approving NSE's IPO is for it to remain free from any tech-glitch for a year

Planning to invest in an IPO of a company: Know details before investing

It is important to note that investing in an IPO requires careful consideration, as it's not a ticket for great return.

Belstar Microfinance files DRHP with Sebi for Rs 1,300 crore IPO

According to the DRHP, the fresh issue of equity shares is worth Rs 1000 crore, and the offer-for-sale (OFS) is Rs 300 crore by existing investors

GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers

Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale

India's IPO market set to break May jinx in Lok Sabha election year

For 1st time during poll cycle since '04, mkts will see IPO frenzy

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

Aadhar Housing Finance sets IPO price band of Rs 300 to Rs 315 per share

Aadhar HFC provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension

Travel distribution firm TBO Tek eyes Rs 1K cr via IPO; issue to open May 8

Travel distribution firm TBO Tek Ltd is looking to raise Rs 1,000 crore through its initial share sale, which will open for public subscription on May 8. The Initial Public Offering (IPO) will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP). The company's maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer-for-Sale (0FS) of up to 1.25 crore equity shares by promoters and investors. According to market sources, OFS size could be around Rs 600 crore, taking the total IPO size to Rs 1,000 crore. Those selling shares in the OFS are promoters -- Gaurav Bhatnagar, Manish Dhingra and LAP Travel -- and investors-- TBO Korea and Augusta TBO. Proceeds from the fresh issue will be used for the growth and strengthening of the platform by adding new buyers and suppliers, and unidentified inorganic acquisitions, besides, a portion will be used for general ...

Indegene sets IPO price band at Rs 430-452, aims to raise Rs 1,842 crore

In financial year 2023, Indegene reported Rs 2,306.13 crore in revenue from operations with a profit of Rs 266 crore

Vodafone Idea's FPO: A Rs 287 crore bonanza for investment bankers

The telecom operator has paid Rs 287 cr to three bankers, second-most ever

Traders complain of glitch in NSE system; Mkts gain for 5th session

IPO of heating equ­ip­ment maker JNK India received 28.07 times subscription on the closing day of bidding

Swiggy gets shareholder approval for potential $1.2 billion IPO this year

Bengaluru-based Swiggy intends to raise up to Rs 3,750 crore ($450 million) in fresh capital alongside an offer-for-sale (OFS) segment of up to Rs 6,664 crore ($800 million)

Microsoft-backed Rubrik prices US IPO above range at $32 per share

Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares, the company said in a statement. This confirmed an earlier Reuters report about the offering details

Cross-margin benefits for index, futures extended; JNK IPO subscribed 49%

The initial public offering (IPO) of heating equ­ip­ment maker JNK India received 49 per cent subscription on the first day of bidding

Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos

Specialty chemicals company Kronox Lab Sciences has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday

Vodafone Idea FPO: Here's a step-by-step guide on how to subscribe

Retail investors will need a minimum of Rs 14,278 to bid for one lot of Voda Idea FPO; maximum bid can be for up to 18,172 equity shares at the higher-end of the FPO price band.

Heating equipment maker JNK India's set to open its IPO on April 23

Heating equipment maker JNK India Ltd is set to open its initial public offering (IPO) on April 23. The initial share-sale will conclude on April 25 and the bidding for anchor investors will open for a day on April 22, according to the red herring prospectus (RHP) filed on Tuesday. The IPO is a combination of fresh issue of equity shares worth up to Rs 300 crore and an Offer-for-Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder. Those offloading shares in the OFS are promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd and Mascot Capital and Marketing Pvt Ltd. -- and a shareholder Milind Joshi. Proceeds from the fresh issue will be used for funding working capital requirements and for general corporate purposes. JNK specialises in process-fired heaters, commanding a market share of about 27 per cent within the Indian heating equipment market for new order bookings during fiscal year 2023, according to F&S Report. As of ..

Metal recycling startup Runaya aims to generate $1 bn in revenue by FY30

The company is also looking at an IPO. But Agarwal said, it was not an urgent priority. It would happen whenever the timing is right

Swiggy converts to public limited company ahead of stock market debut

Ahead of filing its draft IPO papers, Swiggy is intensifying efforts to enhance its financial performance and reduce cash burn