Page 48 - Ipo

Share sale of travel service provider Yatra Online IPO to open on Friday

The initial share sale of travel service provider Yatra Online Ltd will open for public subscription on Friday. The three-day Initial Public Offering (IPO) will conclude on September 20 and the bidding for anchor investors will open on September 14 and for retail on September 15, according to the Red Herring Prospectus (RHP) filed on Friday. The online travel company had raised Rs 62 crore from a rights issue and allotted 26.27 lakh shares at a price of Rs 236 per share, which was a part of pre-IPO placement. Hence, the size of the fresh issue of Rs 750 crore has been reduced by Rs 148 crore, including the pre-IPO placement of Rs 62.01 crore, and accordingly, the fresh issue is Rs 602 crore. The company has revised its Offer For Sale (OFS) component from 93.28 lakh equity shares to 1.22 crore equity shares after its promoter, THCL Travel Holding Cyprus Ltd offloading more shares in the issue. The OFS now comprises up to 1.17 crore equity shares by THCL Travel Holding Cyprus Ltd an

Water infra player EMS Ltd IPO subscribed 3.71 times on Day 1 of offer

The initial public offer of water and sewerage infra player EMS Ltd got subscribed 3.71 times on the first day of the sale on Friday, riding on huge demand from non-institutional and retail investors. The share sale received bids for 4,00,47,140 shares against 1,07,87,431 shares on offer, as per data available with the NSE. The category for non-institutional investors was subscribed 5.97 times while the Retail Individual Investors (RIIs) part received 4.72 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 9 per cent. The IPO had a fresh issue of up to Rs 146.24 crore and Offer for Sale up to 82,94,118 equity shares. Price range for the offer is Rs 200-211 a share. The company offers water and sewerage infra solutions, including laying the sewerage network to build sewerage and water treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan. EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors. Proceeds from

Hospital chain Jupiter Life IPO subscribed 63.72 times on last day of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 63.72 times on the last day of subscription on Friday, helped by huge demand from institutional buyers. The public issue received bids for 54,14,60,120 shares against 84,97,169 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) received 187.32 times subscription, while the quota for non-institutional investors got subscribed 34.75 times and that of Retail Individual Investors (RIIs) was subscribed 7.73 times. The IPO had a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The initial public offering had a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane,

Wire and cables maker RR Kabel aims to raise $236 million via IPO

The Mumbai-based company, backed by private equity firm TPG, will issue new shares worth Rs 180 crore, as per its prospectus dated Sept. 6

EMS Ltd raises Rs 96.37 crore from anchor investors ahead of its IPO

EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors ahead of its Initial Public Offering (IPO) that starts on Friday. The water and sewerage infra player has decided to allocate 45.67 lakh equity shares to six entities at Rs 211 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Abakkus Diversified Alpha Fund, Saint Capital Fund, Meru Investment Fund, Bofa Securities Europe, Morgan Stanley Asia Singapore Pte and NAV Capital VCC- NAV Capital Emerging Star Fund are among the anchor investors. The IPO comprises fresh issue of equity shares worth Rs 146.24 crore and an Offer For Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh. Currently, Singh holds 97.81 per cent stake in the company. In the pre-IPO placement round, the firm had raised Rs 33.76 crore leading to a reduction in fresh issue size to Rs 146.24 crore from Rs 180 crore planned earlier. At the upper price band, the company

Hospital chain Jupiter Life IPO subscribed 3.3 times on day two of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 3.30 times on day two of bidding on Thursday. The IPO received bids for 2,80,31,300 shares against 84,97,169 shares on offer, according to NSE data. The portion for non-institutional investors was subscribed 6.63 times, the quota for Retail Individual Investors (RIIs) was subscribed 3.08 times and the category for Qualified Institutional Buyers (QIBs) received 1.12 times subscription. The IPO has a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The offer is in a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the 'Jupiter' brand with a total bed capacity of 1,194 as of De

Ratnaveer Precision Engineering IPO subscribed 21.77 times on 2nd day

The Initial Public Offering (IPO) of Ratnaveer Precision Engineering received 21.77 times subscription on the second day of the share sale on Tuesday, driven by encouraging demand from institutional investors. The IPO received bids for 25,66,70,250 shares against 1,17,88,000 on offer, as per NSE data. The category for non-institutional investors was subscribed 42.22 times, the portion for Retail Individual Investors (RIIs) got subscribed 23.05 times and the quota for Qualified Institutional Buyers (QIBs) received 4.21 times subscription. The IPO is a combination of fresh issue and offer for sale. The offering of 1,68,40,000 equity shares has a fresh issue of 1,38,00,000 equity shares and offer for sale of up to 30,40,000 equity shares. The price range for the offer is Rs 93-98 per share. The company is a stainless steel washer manufacturer and supplier. Unistone Capital Private Ltd is the manager to the offer.

Arm Ltd's IPO expectations tempered as roadshow kicks off: Report

The SoftBank Group Corp.-owned chip unit now seeks to raise $5 billion to $7 billion, down from as much as $10 billion it previously sought, Bloomberg News reported

Jyoti CNC Automation files papers to raise Rs 1,000 crore via IPO

CNC machine manufacturer Jyoti CNC Automation Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The company's maiden public issue is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. The company may consider a pre-IPO placement of equity shares worth Rs 200 crore. If such placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the issue would be used for debt payment, funding long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is one of the leading manufacturers of computer numerical control (CNC) machines and has customers in varied sectors. The company's customers include ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, Turkish Aerospace, Uniparts India Ltd, Tata Advances System Ltd, Tata Sikorsky Aerospace Ltd, Bha

SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

Rishabh Instrument IPO subscribed 32x; Arkade Developers files DRHP

As of July 31, Arkade had developed 1.8 million square feet of residential property. Its revenue in FY23 stood at Rs 224 crore

Jupiter Life Line Hospital announces IPO, plans to mop up Rs 869 crore

The company has disclosed that approximately Rs 500 crore from the public offering will be allocated towards debt repayment

Sunil Mittal's Airtel plans Uganda's biggest IPO to raise $216 million

The offer opens on Wednesday and closes on Oct. 13, according to a prospectus released in the capital, Kampala, on Tuesday. The company will start trading on the exchange on Oct. 31

TPG Capital-backed wires manufacturer RR Kabel gets Sebi approval for IPO

TPG Capital-backed wires and cables manufacturer RR Kabel Ltd has received capital markets regulator Sebi's go-ahead to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an Offer For Sale (OFS) of over 1.72 crore equity shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP). The company, which filed draft IPO papers with the regulator in May, obtained its observations letter on August 24, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, obtaining its observation letter means its clearance to float the public issue. According to the draft papers, Mahendrakumar Rameshwarlal Kabra, Hemant Mahendrakumar Kabra, Sumeet Mahendrakumar Kabra, Kabel Buildcon Solutions Pvt Ltd, and Ram Ratna Wires Ltd are selling shares in the OFS. Apart from these, US-based private equity firm TPG Capital, which holds a 21 pe

Vishnu Prakash IPO subscribed 87.81 times on last day of bidding

The Initial Public Offering (IPO) of Vishnu Prakash R Punglia Ltd was subscribed 87.81 times on the last day of bidding on Monday, helped by strong engagement from institutional buyers. The company is into Engineering, Procurement, and Construction (EPC) works. The Rs 308.88 crore-public issue received bids for 1,92,56,17,350 shares against 2,19,30,000 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 171.69 times subscription while the quota for non-institutional investors got subscribed 111.02 times. The portion for Retail Individual Investors (RIIs) was subscribed 32 times. The IPO had a fresh issue aggregating up to 3.12 crore equity shares with no Offer For Sale (OFS) component. The price range was Rs 94-99 per share. Vishnu Prakash R Punglia had raised Rs 92 crore from anchor investors. Proceeds from the fresh issuance will be utilised for purchasing capital equipment, funding the working capital requirements of the com

Stake sale, IPO plans for retail units in focus for Ambani's AGM speech

His once-a-year speech to investors - similar to Warren Buffett's annual letters to Berkshire Hathaway shareholders - has over time evolved into an highly anticipated pageant

Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr

Group to launch IPO after a gap of 19 years

Reliance Retail Ventures may sell another 8-10% stake to prepare for IPO

Further dilution of stake might make its IPO size manageable

After Bikaji Foods, Bikanervala to go for IPO in next three years

The company Bikaji Foods International has declared revenues of Rs 1966 crore with a value growth of over 22 per cent year or year and with profit after tax of Rs 126.5 crore in FY 23

Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr

Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size in the upcoming maiden public issue. In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement. Accordingly, the size of the fresh issue has been reduced to Rs 146.24 crore from Rs 180 crore planned earlier. Besides, there would be an Offer of Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh. At present, Singh holds a 97.81 per cent stake in the company. In March 2023, EMS Ltd filed draft papers with capital markets regulator Sebi to raise funds through the maiden public issue and has already received Sebi's approval to go ahead with this IPO. Proceeds from the