Page 42 - Ipo

FY24: A rewarding year for investors who put their money in IPOs

The S&P BSE IPO Index, a gauge tracking the after-listing performance of newly listed companies, has risen by 69 per cent in this financial year

Ecos (India) Mobility files draft paper with Sebi to mop up funds via IPO

Chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality Ltd has filed preliminary papers with capital markets regulator Sebi to garner funds through an initial public offering (IPO). The maiden public issue is entirely an offer for sale (OFS) of 1.8 crore equity shares by promoters -- Rajesh Loomba and Aditya Loomba -- with no fresh issue component, according to the draft red herring prospectus (DRHP) filed on Thursday. At present, promoters and promoter group entities hold 100 per cent stake in the company. Since it is an OFS, the Delhi-based firm will not receive any proceeds from the IPO and the money will go to the promoters selling shares. The company has been providing chauffeured car rentals (CCR) and employee transportation services (ETS) to corporate customers for more than 25 years. It operates a fleet of more than 9,000 vehicles from economy to luxury cars. It also provides specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for

Shapoorji Pallonji Group's Afcons Infra files papers for Rs 7,000-cr IPO

Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO). The company's mega IPO is a combination of fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 5,750 crore by promoter Goswami Infratech Private Limited. Also, the offer includes a reservation for subscriptions by eligible employees, according to the draft red herring prospectus (DRHP) filed on Thursday. Currently, promoter and promoter group entities own 99.48 per cent stake in Maharashtra-based Afcons Infrastructure. Moreover, the company may consider raising up to Rs 250 crore in the "pre-IPO placement" round. If such placement is completed, the fresh issue size will be reduced. Founded in 1865, Shapoorji Pallonji Group (SP Group) is a diversified institution, and has a leading presence in engineering & ...

Co-working space provider BHIVE eyes IPO at issue size of Rs 500 cr by 2025

Backed by Blume Ventures, BHIVE expanded into the Mumbai-Pune region, securing office space at Adani's tower in BKC with an investment of Rs 25 crore

Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

Trust Fintech has raised Rs 18.05 crore from allocating nearly 1.8 million shares at Rs 101 to anchor investors ahead of the IPO

Street Signs: Shriram Finance and NTPC in spotlight, IPO blues, and more

According to IIFL Alternatives, Shriram Finance is expected to see inflows of nearly Rs 1,300 cr (over 3 days of volumes), while UPL could see outflows of over Rs 700 cr (nearly 5 days of volumes)

Reddit to make stock market debut today, prices IPO at $34/ share

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory the stock market. The company said on Wednesday that it had priced its IPO at USD 34 a share. Shares will begin trading today on the New York Stock Exchange under the ticker symbol RDDT in a market debut likely to spur a flurry of commentary on Reddit's own platform, as well as competing social media outlets. The IPO will test the quirky company's ability to overcome a nearly 20-year history coloured by uninterrupted losses, management turmoil and occasional user backlashes to build a sustainable business. The interest surrounding Reddit stems largely from a large audience that religiously visits the service to discuss a potpourri of subjects that range from silly memes to existential worries, as well as get recommendations from like-minded people. About 76 million users checked into one of Reddit's roughly 100,000 communities in December, according to the regulatory disclosures required .

Krystal Integrated Services lists at 11% premium over its issue price

At 10:01 am; Krystal was quoting at Rs 784.75, after hitting a low of Rs 764.65 on the BSE in intra-day trade. A combined 2.5 million equity shares changed hands on the NSE and BSE

Domino's, Subway supplier Chatha Foods' SME IPO opens today: Check details

Of the total net proceeds, the company aims to use Rs 24.11 crore for setting up a manufacturing facility in Mohali and the remaining amount for general corporate purposes

Birla AMC promoters to sell 11.47% to raise about Rs 1.4K crore

The Aditya Birla Group, which holds a 50 per cent stake in the AMC, will offload 5 per cent, while Sun Life, which has a 36.48 per cent, will sell the remaining 6.47 per cent stake in the OFS

Baazar Style Retail files draft papers with Sebi to raise funds via IPO

Value fashion retailer Baazar Style Retail Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares worth Rs 185 crore and an Offer for Sale (OFS) of up to 1.68 crore by promoter group entities and other selling shareholders, Draft Red Herring Prospectus (DRHP) filed with Sebi showed. Under the OFS, Rekha Rakesh Jhunjhunwala will sell 27.23 lakh equity shares, Intensive Softshare Private Limited will offload 22.40 crore shares and Intensive Finance Private Limited will divest 14.87 lakh shares among others. The offer includes a reservation for subscription by eligible employees. Going by the draft papers filed on Friday, the Kolkata-based company may consider raising Rs 37 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issuance to the extent of Rs 135 crore will

Popular Vehicles' IPO gets subscribed 1.23 times on last day of bidding

The Initial Public Offer (IPO) of Popular Vehicles and Services received 1.23 times subscription on the closing day of bidding on Thursday. The Rs 601.55 crore-IPO received bids for 1,77,74,350 shares against 1,44,15,110 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1.97 times while the category for Retail Individual Investors (RIIs) fetched 1.05 times subscription. The portion for non-institutional investors received 66 per cent subscription. The IPO had a fresh issue of up to Rs 250 crore and an Offer For Sale of up to 1,19,17,075 equity shares. The IPO had a price range of Rs 280-295 a share. On Monday, Popular Vehicles and Services said it has garnered Rs 180.17 crore from anchor investors. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. Popular Vehicles and Services is a leading diversified automotive dealership in the country with a presence across the automotive retail value c

Sebi board may ease IPO norms, approve same-day settlement framework

Exemption to certain FPIs from granular disclosures, passive funds from single co exposure also on anvil

Gopal Snacks booked 9x on final day, received bids for 10.80 crore shares

Ahead of the IPO, Gopal Snacks on Tuesday, 5 March 2024 raised Rs 193.94 crore from anchor investors. The board allotted 48.36 lakh shares at Rs 401 each to 19 anchor investors

Tata Group stocks fall amid IPO uncertainty, m-cap plunged by Rs 27,385 cr

Tata Investment Corporation and Artson Engineering fell 5 per cent each

Street Signs: Easing the IPO fervor, Long road to mkt hour extension, more

The Brokers' Industry Standards Forum (ISF) is confronted with the formidable task of uniting a divided house on the matter of extending market hours

M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more

Shares of Mukka Proteins, an aqua feed producer, surged more than 50 per cent during their trading debut on Thursday

No deficiencies in unit's loan sanctioning after RBI's action: JM Financial

The RBI reviewed the company's books, which showed it had repeatedly helped a group of its customers to bid for various IPO and non-convertible debenture offerings by using loaned funds

JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects

The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022

Fairfax-backed Go Digit receives Sebi's approval to raise funds via IPO

Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the regulator showed on Monday. The approval came after the company's preliminary IPO papers were first filed in August 2022. Go Digit's proposed IPO comprises fresh issuance of shares worth Rs 1,250 crore and an Offer For Sale (OFS) of 10.94 crore shares by promoter Go Digit Infoworks Services and existing shareholders, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issuance would be utilised for the augmentation of the company's capital base and maintenance of solvency levels and for general corporate purposes. Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm. According to an update with the Sebi (Securities and Exchange Board of India) on Monday, the regulator gave its observation on March 1. In Sebi's parlance, obtaining ..