Page 41 - Ipo

Capital Small Finance Bank fixes Rs 445-468 as price band for its IPO

Capital Small Finance Bank on Friday fixed Rs 445-468 per share as the price band for its Rs 523-crore initial public offer opening on February 7. The issue consists of Rs 450 crore of fresh issue and the remaining Rs 73 crore of offer for sale through which promoters and external investors will dilute 5 per cent of their pre-issue holdings. The Jalandhar-based bank, which began operations in 2016 after converting itself from a local area bank, is 24 per cent owned by the promoter family led by Sarvjit Singh Sarma and his family, which will come down by to 18.4 per cent post issue, its managing director and chief executive Sarma told PTI here. Oman India Joint Investment Fund II is the single largest external shareholder in the bank, with a 9.5 per cent stake, which will sell its 20 per cent or 8,36,728 shares of its pre-issue holding. External investors own 40 per cent of the bank. American Capital, which owns 5 per cent, will divest 10 per cent or 1,51,153 equity shares, and Amic

Nova Agritech shares jump nearly 43.39% to Rs 58.79 in debut trade

The stock listed at Rs 56, up 36.58 per cent from the issue price on the BSE. It later jumped 43.39 per cent to Rs 58.79

Blackstone's Aadhar Housing Finance targets $600 million India IPO: Report

Aadhar plans to file its IPO papers with India's market regulator within the next two weeks, both sources said

BLS E-Services IPO sails through on Day 1: Here's all you need to know

BLS E-Services Rs 311 crore IPO was subscribed up to 2.5 times as of 11:30 AM on Day 1 of the offer period.

Faasos, Behrouz Biryani's parent Rebel Foods aiming to get listed in 2025

With this, Rebel Foods would become the country's first cloud kitchen business to go public

Transform Rural India to list on SSE; Nova Agri IPO subscribed 109 times

The SSE enables investors subscribe to zero coupon zero principal (ZCZP) bonds of non-profit organisations (NPOs), which are backed with robust standards of social impact and financial reporting

Market regulator Sebi probing three IPOs for inflating subscriptions

MUMBAI (Reuters) -India's market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received

AC-maker EPACK Durable IPO subscribed 77% on first day of subscription

The Initial Public Offering (IPO) has a fresh issue of Rs 400 crore and an offer-for-sale of up to 1,04,37,047 equity shares. The IPO has a price range of Rs 218-230 a share

Bansal Wire Industries files draft papers to mobilise Rs 745 crore via IPO

The maiden public issue is an entirely fresh issue of equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday

Bansal Wire Industries files draft papers to mobilise Rs 745 cr via IPO

Steel wire manufacturer Bansal Wire Industries Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 745 crore through an Initial Public Offering (IPO). The maiden public issue is an entirely fresh issue of equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Industries is engaged in the business of manufacturing and exporting steel wires. It operates in three broad segments -- high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire. Also, the company plans to add a new segment of specialty wires through its upcoming plant in Dadri, which will help it grow and expand its market presence in the upcoming fiscals. The company's total income increased at a CAGR of 28 per cent to Rs 2,422.56 crore in fisc

Reddit may launch IPO in March, nearly 3 years since its initial filing

Delays in IPO launch may be due to unstable market conditions and Reddit's goal to 'come closer to profitability'

Reddit to launch IPO, first social media offering since Pinterest, in March

It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB

KRN Heat Exchanger files draft papers with Sebi to raise funds via IPO

KRN Heat Exchanger and Refrigeration Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO). The initial share sale is entirely a fresh issue of 1.93 crore equity shares with no Offer for Sale (OFS) component, draft red herring prospectus (DRHP) filed with Sebi showed on Thursday. Funds will be used for investment in wholly-owned subsidiary KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, in Rajasthan. The company manufactures fin and tube type heat exchangers for the heat ventilation air conditioning and refrigeration industry. According to the Dun and Bradstreet Research Report, the Indian market for heat exchanges reached USD 625 million per annum in 2022, with an annual industry turnover increasing by a CAGR of 10 per cent between 2019 and 2022. Holani Consultants is the sole book-running lead manager to the issue.

Officer's Choice whisky maker Allied Blenders files IPO papers with Sebi

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, has refiled preliminary papers with the capital markets regulator Sebi to raise Rs 1,500 crore through an Initial Public Offering (IPO). The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, draft papers file with Securities and Exchange Board of India (Sebi) showed on Thursday. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria, Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Out of the total proceeds from the fresh issue, Rs 720 crore will be used for the payment of debt, besides a portion will be used for general corporate purposes. As of December 2023, the company had a debt of around Rs 808 crore, according to the draft papers. With a market share of 8.2 per cent in Indian-Made Foreign Liquor (IMFL) in fiscal 2023, Allied Blenders and Distillers had earlier filed draft

Medi Assist healthcare IPO subscribed 54% on first day of bidding

Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners

Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years

Flipkart Internet, the marketplace arm of the e-commerce giant, recently reported a 42 per cent growth in operating revenue for FY23 at Rs 14,845 crore

Ahead of IPO, Medi Assist mobilises Rs 351 crore from anchor investors

The company has allotted 84.08 lakh equity shares to 36 funds at Rs 418 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website

Road to listing may get easier: Sebi expert panel for relaxing IPO norms

India Inc may get more flexibility to alter issue size, bring in promoter contribution

Jyoti CNC Automation IPO booked 38.5x on last day of subscription

Sebi warns Fortis for delaying disclosures about lawsuit in US

Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing

The Sajjan Jindal-led JSW group is likely to list its cement business after the general elections