Page 47 - Ipo

Domestic mutual funds anchoring more listings as issue sizes shrink

Have subscribed to shares worth Rs 2,850 cr as 'cornerstone investors' in 20 IPOs so far in FY24

R R Kabel to list on Wed, become 1st to debut within 2 days of IPO closure

Wires and cables manufacturer R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday --becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, R R Kabel will become the first company to list in the T+2 timeline -- the second working day after the issue closing on September 15. Capital markets regulator Sebi in August halved the timeline for listing of shares on stock exchanges after the closure of IPOs to three days (T+3) from six days (T+6). The new listing timeframe will be voluntary for all public issues opening on or after September 1 and mandatory for all issues after December 1, 2023. The reduction in timelines for listing and trading of shares will benefit both issuers as well as investors. Issuers will have faster access to the capital raised, thereby enhancing the ease of doing business while the investors wil

OYO's growth 'incredibly strong', can't give timeline for IPO: Troy Alstead

Profitability 'starting point' ensure growth, says independent director of hospitality major

Zaggle Prepaid IPO subscribed 12.57 times on last day of subscription

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd was subscribed 12.57 times on the last day of subscription on Monday. The initial share sale got bids for 24,28,83,090 shares against 1,93,26,761 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) was subscribed 16.73 times while the portion for non-institutional investors received 8.85 times subscription. The quota for retail individual investors got subscribed 5.94 times. The IPO had a fresh issue of up to Rs 392 crore and offer for sale of up to 10,449,816 equity shares. The company's IPO had a price range of Rs 156-164 a share. Zaggle Prepaid Ocean Services on Wednesday said it mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products, an

Ebanx to integrate India's UPI payments later this year, US IPO in works

Since its founding in 2012, Curitiba-based Ebanx has focused on cross-border transactions for clients like Spotify Technology SA, Airbnb Inc. and Alibaba Group Holding Ltd

Yatra Online IPO receives 30% subscription on second day of bidding

The initial public offer of travel company Yatra Online received a 30 per cent subscription on the second day of the issue on Monday. The Rs 775-crore IPO received bids for 94,27,005 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors (RIIs) was subscribed 1.34 times while the quota for non-institutional investors received a 9 per cent subscription and the qualified institutional buyers (QIBs) portion was subscribed 6 per cent. The initial public offer has a fresh issue of up to Rs 602 crore and an offer for sale of up to 1,21,83,099 equity shares. The price range for the offer is Rs 135-142 a share. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore toward

RR Kabel subscribed 19x; Lukewarm response for Samhi Hotels & more

Fintech player Zaggle Prepaid Ocean Services' initial public offering (IPO) received 43 per cent subscription on the second day of bidding

SoftBank left millions on the table to engineer a win for Masayoshi Son

as he and other top executives met with bankers to plot this week's initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch

Weekend Bites: FM's wish, 15 yrs since Lehman fell, Taper Tantrum, Apple

In which we munch over the week's platter of news and views

R R Kabel's Rs 1,964 cr IPO subscribed 18.69 times on final day of bidding

The initial share sale of wires and cables manufacturer R R Kabel was subscribed 18.69 times on the final day of subscription on Friday. The Rs 1,964-crore Initial Public Offering (IPO) received bids for 24,88,98,328 shares against 1,33,17,737 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 52.26 times. The quota for non-institutional investors attracted 13.23 times subscription while the portion for Retail Individual Investors (RIIs) was subscribed 2.13 times. The IPO had a fresh issue of up to Rs 180 crore and offer for sale of up to 17,236,808 equity shares. Price band for the offer was at Rs 983-1,035 a share. On Tuesday, the TPG-backed firm said it mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units -- one cable and wire unit each at Waghodia in Gujarat and at Silvassa in Dadra and Nagar Haveli, and a commercial lightings plant in Bengaluru. It also has a fast moving electrical goo

Yatra Online's Rs 775 crore IPO subscribed 11% on first day of bidding

The Initial Public Offering (IPO) of travel company Yatra Online Ltd was subscribed 11 per cent on the first day of bidding on Friday. The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors received 55 per cent subscription while the quota for non-institutional investors got subscribed 3 per cent. The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares. The IPO is in the price range of Rs 135-142 per share. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The initial public offering (IPO) of RR Kabel was subscribed 1.4 times on Thursday, the second day of the issue. The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent

Wires maker R R Kabel IPO subscribed 1.39 times on Day 2 of bidding

The Initial Public Offering (IPO) of wires and cables manufacturer R R Kabel was subscribed 1.39 times on the second day of bidding on Thursday. The Rs 1,964 crore IPO received bids for 1,85,71,364 shares against 1,33,17,737 shares on offer, as per NSE data. The category for non-institutional investors received 2.1 times subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 1.65 times. The portion for Retail Individual Investors (RIIs) was subscribed 95 per cent. The IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 17,236,808 equity shares. The IPO has a price range of Rs 983-1,035 per share. R R Kabel's IPO was subscribed 25 per cent on the first day of bidding on Wednesday. On Tuesday, the TPG-backed firm said it mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units -- one cable and wire unit each at Waghodia in Gujarat and at Silvassa in Dadra and Nagar Haveli, and a commercial lig

SoftBank-backed Arm raises $4.87 billion in biggest IPO of the year

At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations. Underwriters have the option of buying as many as 7 million additional shares

Over Rs 7,000 crore IPOs on launchpad as Nifty50 crosses 20,000 mark

Bankers said some of the companies hitting the markets have been waiting to launch their issues for a while

RR Kabel IPO subscribed 25% on day 1, price band at Rs 983 to Rs 1,035

The fresh issue component of the IPO is only Rs 180 crore and the remaining is secondary share sale by promoters and TPG

Wire maker R R Kabel IPO subscribed by 25% on first day of bidding

The Initial Public Offer (IPO) of wires and cables manufacturer R R Kabel Limited was subscribed 25 per cent on the first day of bidding on Wednesday. The IPO received bids for 32,78,072 shares against 1,33,17,737 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed 36 per cent and the portion for non-institutional investors received 29 per cent subscription. The IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 1,72,36,808 equity shares. Price range for the offer is Rs 983-1,035 per share. At the upper end of the price band, the issue will fetch up to Rs 1,964 crore. On Tuesday, TPG-backed RR Kabel Ltd said it has mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units - one each cable and wire units in Waghodia in Gujarat and in Silvassa in the Union Territory of Dadra and Nagar Haveli, and a commercial lightings plant in Bengaluru and one each fast moving electrica

RR Kabel IPO off to slow start on Day 1; Should you subscribe?

The company plans to raise up to Rs 1,964 crore from its maiden share sale in the price band of Rs 983 - Rs 1,035. Offer closes on Friday.

Updater Services receives Sebi's approval to go-ahead to float IPO

Integrated facilities management company Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale (OFS) of up to 1.08 crore equity shares by a promoter and existing shareholders. Under the OFS, Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA will be selling shares of the company. Updater Services Ltd, which filed its draft papers in March, said that it will also consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced. In July, the company revised its OFS size from 1.33 crore equity shares to up to 1.08 crore equity shares by its promoter and investor-selling shareholder. Updater Services obtained its observations letter on September 4, an update with the ...

Updater Services receives Sebi's approval to float IPO of Rs 400 cr

Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 1.33 crore equity shares by a promoter and existing shareholders. Those who will be selling shares in the OFS are Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA. Also, the company may consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced. Updater Services Ltd, which filed its draft papers with the markets regulator in March, obtained its observations letter on September 4, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, obtaining an observation letter implies its approval to float the initial share