Page 47 - Ipo

Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report

As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.

This newly listed stock has zoomed nearly 100% against its issue price

Shares of Plaza Wires were locked in the upper circuit for the sixth straight day on the BSE

Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times

The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer

InGovern Research Services writes to Sebi over TD Power IPO disclosures

Proxy firm says regulator should probe omissions of material facts and misstatements in 2011 IPO prospectus

Share lock-in period of nearly 17 IPOs to end this month, shows data

In most cases, it is the end of the 30-day lock-in period that anchor investors (on half their shares) have to observe

MCX shares hit record highs; Krystal Integrated Services files IPO papers

Krystal Family Holdings owns 100 per cent stake in the company

Stock price of these 5 recently listed IPOs hit lowest levels since debut

The stock price of Sai Silks (Kalamandir) (down 10% at Rs 220.05) and Updater Services (down 3% at Rs 276.16) fell below their issue price in intra-day trade on Monday.

Joyalukkas to open 40 new showrooms in India, abroad in next 2 years

Leading jewellery firm Joyalukkas India Pvt Ltd plans to invest about Rs 2,400 crore in the next two financial years to open 30 new showrooms in India and ten outlets abroad, according to Chairman and Managing Director Joy Alukkas. The company is also preparing for an IPO (initial public offering) for further expansion of its business, he said. Currently, Joyalukkas has 100 showrooms in India and 60 outlets in ten countries. "We have plans to expand our operations both in India and abroad. We are targeting to open 30 new showrooms in India, while ten outside India in the next two financial years 2024-25 and 2025-26," Joy Alukkas told PTI in an interview. Alukkas said the company will invest on an average about Rs 60 crore on each showroom. "The total investment for opening 40 showrooms will be Rs 2,400 crore," he said. Around 30 showrooms will be opened mostly in north India, while ten of them in other countries including Canada and Australia. The investments will be made from .

Mop-up via pre-IPO placements hits at least 6-year high, shows data

Amount close to Rs 1,000 crore in 2023; bankers say deals now happening closer to IPO price as opposed to deep discounts earlier

EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price

A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS have changed hands in first 25 minutes of trade on the NSE and BSE.

Valiant Labs freezes at upper circuit on debut; up 22% over issue price

At 10:03 AM; shares of Valiant Labs were locked at the 5 per cent upper circuit at Rs 170.25, up 22 per cent over its issue price of Rs 140 per share.

Citi India sees $22 billion in equity capital deals in 2023, says CEO

"Given the interest in India as a market, at some point people will look at both organic and inorganic way to come into the market," Khullar said

Updater Services makes muted market debut, falls 6% below issue price

Shares of integrated facilities management company Updater Services Ltd made a muted market debut on Wednesday, ending the day with a discount of nearly 6 per cent, against the issue price of Rs 300. The stock made its debut at Rs 299.90, lower by 0.03 per cent from the issue price on the BSE. During the day, it declined 6 per cent to Rs 282. The stock ended at Rs 283.85 apiece, down 5.38 per cent. On the NSE, the stock listed at Rs 285, down 5 per cent from the issue price. During the day, it declined 6 per cent to Rs 282. Shares of the company ended at Rs 283 per piece, down 5.66 per cent. The company commanded a market valuation of Rs 1,893.36 crore. In volume terms, 1.86 lakh shares of the company were traded on the BSE and over 22.98 lakh shares were traded on the NSE during the day. The initial public offer of Updater Services was subscribed 2.90 times on the final day of subscription last week. The Rs 640 crore-IPO had a fresh issue of equity shares aggregating up to Rs 4

Reliance Retail Ventures plans another stake sale of $250-300 million

The funds divested in Reliance Retail amount to 11.31 per cent of the stake, for which investors have forked out Rs 57,562 crore

Updater Services makes weak debut; lists 5% below issue price

Shares got listed at Rs 285, a 5 per cent below its issue price of Rs 300 per share on the National Stock Exchange.

Azad Engineering Ltd submits application for Rs 740 cr IPO with Sebi

Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company's IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according to the draft red herring prospectus (DRHP). The OFS consists of the sale of equity shares aggregating up to Rs 170 crore by promoter Rakesh Chopdar, equity shares worth up to Rs 280 crore by Piramal Structured Credit Opportunities Fund and equity shares to the tune of up to Rs 50 crore by DMI Finance. Proceeds from the fresh issues will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes, as per the draft papers filed on Friday. Azad Engineering is one of the key manufacturers of their qualified product lines supplying global original equipment manufacturers (OEMs) in the aerospace and defence, energy, and oil an

Popular Vehicles and Services Ltd files IPO papers with Sebi again

Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale. This is the company's second attempt to go public. Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating an Initial Public Offering (IPO) but deferred the maiden public issue amid uncertain market conditions. According to the Draft Red Herring Prospectus (DRHP) filed on Thursday, the IPO comprises fresh issuance of equity shares worth Rs 250 crore and an Offer For Sale (OFS) of 1.42 crore equity shares by Banyantree Growth Capital II, LLC. Besides, the company is looking to raise Rs 50 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced. Proceeds of the fresh issue will be used for payment of debt and general corporate purposes. The Kerala-based company is a leading divers

Agilus Diagnostics files draft papers with Sebi to raise funds via IPO

Agilus Diagnostics Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The maiden public issue is entirely an offer for sale (OFS) of 1.42 crore equity shares by International Finance Corp, NYLIM Jacob Balls India Fund III LLC, and Resurgence PE Investments Ltd, according to the draft red herring prospectus (DRHP). Since the IPO is entirely an OFS, the entire proceeds will go to the existing shareholders. Agilus Diagnostics, formerly known as SRL Ltd, is one of the largest diagnostics service providers in terms of number of laboratories and the second largest in terms of revenue from operations in India, as of financial year ended March 31, 2023, according to a Crisil report. As of March 31, 2023, it had a network of 413 laboratories out of which 43 laboratories were accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). The company has an international presence acro

IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore

Rally in small and midcap funds leads to a spurt in activity

Updater Services IPO subscribed 2.9 times on final day of subscription

The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday. The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data. The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail individual investors (RIIs) received 1.38 times subscription. The non-institutional investors part got subscribed 85 per cent. The Rs 640 crore IPO had a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 80 lakh equity shares by a promoter and existing shareholders. The price range for the company's IPO was Rs 280-300 a share. Updater Services has raised Rs 288 crore from anchor investors. Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives, and general corporate purposes. The company offers