Page 50 - Ipo

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

Jio Financial hits down limit for third day, Aeroflex subscribed 21 times

Market players expect the selling pressure to continue until the selling by passive funds is fully absorbed

Heating equipment maker JNK India files draft papers with Sebi to float IPO

Heating equipment maker JNK India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth up to Rs 300 crore and an Offer for Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday. Those offloading shares in the OFS are of promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd. and Mascot Capital and Marketing Pvt Ltd. -- and shareholder Milind Joshi. The Mumbai-based company may consider an issue of equity shares aggregating up to Rs 60 crore in the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Going by the draft papers, proceeds from the fresh issue to the tune of Rs 276 crore will be used for funding working capital requirements and a portion will also be used for general corporate ...

TVS Supply Chain shares settle 2% higher than issue price in debut trade

Shares of TVS Supply Chain Solutions Ltd, a part of TVS Mobility Group, ended with a premium of 2 per cent against the issue price of Rs 197 on the debut trade on Wednesday. The stock was listed at Rs 206.30, up 4.72 per cent from the issue price on the BSE. During the day, it jumped 5.83 per cent to Rs 208.50. Shares of the company ended at Rs 200.95, rising by 2 per cent. At the NSE, it began the trade at Rs 207.05, registering a gain of 5.10 per cent. During the day, the stock rallied 5.88 per cent to Rs 208.60 before settling at Rs 201.10, registering an increase of 2 per cent. The company commanded a market valuation of Rs 8,789.75 crore. In terms of traded volume, 17.59 lakh shares were traded at the BSE and over 2.41 crore shares at the NSE during the day. The Initial Public Offering (IPO) of TVS Supply Chain Solutions was subscribed 2.78 times last week. The Rs 880-crore IPO had a price range of Rs 187-197 per share. TVS Supply Chain Solutions is present in over 25 coun

Stationery maker Doms files draft papers for $145 mn IPO with Sebi

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA, which holds a 51% stake in the company, is selling shares worth Rs 800 cr

Aeroflex Industries IPO subscribed 6.69 times on first day of offer

The Initial Public Offering (IPO) of stainless steel flexible hose manufacturer Aeroflex Industries was subscribed 6.69 times on the first day of subscription on Tuesday. The Rs 351 crore-IPO received bids for 15,52,35,730 shares against 2,32,17,667 shares on offer, as per NSE data. The category for non-institutional investors received 14.05 times subscription while the portion for Retail Individual Investors (RIIs) was subscribed 6.67 times and that of Qualified Institutional Buyers (QIBs) was subscribed 1.17 times. The IPO has a fresh issue of up to Rs 162 crore and an offer for sale of up to 1.75 crore equity shares. The price range for the offer is Rs 102-108 per share. On Monday, the company said it collected close to Rs 104 crore from anchor investors. Proceeds from the fresh issue will be utilised for repaying a debt, and funding working capital requirements, and a certain amount will be used for general corporate purposes and acquisitions for inorganic growth, as per the