Page 59 - Ipo

Analysts positive on Bank Nifty, advise picking up stocks on dips

Bank Nifty index has been outperforming the benchmark Nifty. It has gained 4% in the past one month and 16% YTD. In comparison, Nifty is up less than 2% both on a one-month and YTD basis

Global Health Limited's IPO to open on November 3: Red Herring Prospectus

The initial share sale of Global Health Limited, which operates and manages hospitals under the Medanta brand, will open for public subscription on November 3. The Initial Public Offering (IPO) will conclude on November 7, according to the Red Herring Prospectus (RHP). The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale of up to 5.08 crore equity shares. As a part of the OFS, Anant Investments, an affiliate of private equity major Carlyle Group and Sunil Sachdeva (jointly with Suman Sachdeva), will offload equity shares. At present, Anant Investments holds 25.67 per cent shareholding in Global Health and Sachdeva owns 13.43 per cent stake in the company. Proceeds from the fresh issue will be used to pay debt and general corporate purposes. Founded by Naresh Trehan, a renowned cardiovascular and cardiothoracic surgeon, Global Health is a leading private multi-speciality tertiary care providers in the North and East regions of ...

DCX Systems sets price band at Rs 197-207/share for its Rs 500 cr IPO

DCX Systems, a manufacturer of cables and wire harness assemblies, on Friday announced a price band of Rs 197 to Rs 207 per share for its Rs 500-crore initial public offering (IPO). The initial share-sale will open for public subscription on October 31 and conclude on November 2, the company said. The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. Apart from the fresh issue, the IPO comprises an offer-for-sale of equity shares to the tune of up to Rs 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. According to the company, 75 per cent of the issue size has been reserved for qualified institutional investors, 15 per cent for non-instituti

Pricing pressure: Sebi should avoid over-regulation

The idea of asking independent directors to justify pricing does not make sense

New issue pricing onus may put independent directors in a spot: Experts

Experts feel Sebi diktat may deter those with non-financial background from joining boards

What is lock-in period?

Anchor investors are offered shares in an IPO a day ahead of its primary market debut. But they cannot offload it for the next 30 days. It is called the lock-in period. This report tells more about it

Kaynes Technology gets Sebi's go ahead to float IPO to raise funds

Kaynes Technology India Limited (KTIL) has received capital markets regulator Sebi's go ahead to raise funds through an Initial Public Offering (IPO). The IPO consists of a fresh issue of equity shares aggregating to Rs 650 crore, and an Offer For Sale (OFS) of up to 72 lakh equity shares by a promoter and an existing shareholder, according to the Draft Red Herring Prospectus (DRHP). The OFS comprises sale of up to 37 lakh equity shares by promoter Ramesh Kunhikannan and up to 35 lakh equity shares by existing shareholder Freny Firoze Irani. The company, which filed preliminary IPO papers with Sebi in April, obtained its observations letter on October 6, an update with the regulator showed on Monday. In Sebi's parlance, the observation implies its go ahead to launch IPO. Going by the draft papers, proceeds from the fresh issue worth Rs 130 crore will be used to repay debt and Rs 98.93 crore will be utilised for funding capital expenditure for its manufacturing facilities at Mysore

Tracxn Technologies' IPO gets subscribed 23% on first day of offer

The Initial Public Offering (IPO) of Tracxn Technologies received 23 per cent subscription on the first day of offer on Monday. The IPO received bids for 49,56,520 shares against 2,12,69,714 shares on offer, according to a NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.23 times. The category for non-institutional investors received 4 per cent subscription. The IPO of up to 3,86,72,208 equity shares is in a price range of Rs 75-80 a share. Market intelligence platform Tracxn Technologies on Friday said it has raised a little more than Rs 139 crore from anchor investors. At the upper end of the price band, the IPO is expected to garner Rs 309 crore. The Bengaluru-headquartered company operates on a Software as a Service (SaaS) model and is among the leading market intelligence providers for private company data. Tracxn was launched in 2015 by Neha Singh and Abhishek Goyal who have had their stints as venture capitalists at Sequoia and Accel Partners,

Tracxn Technologies IPO: High attrition, losses keep analysts apprehensive

Tracxn Technologies IPO review: Attrition continues to remain at elevated levels. The company's bottom-line performance has been disappointing in the last three years. It turned profit positive in Q1

The bells of Dalal Street welcome nine new SME IPOs today; what are these?

The first nine months of 2022 have already seen 87 SMEs make their IPOs, earning a total of Rs 1,460 crore

Tracxn Technologies garners Rs 139 crore from anchor investors

The company's Initial Public Offering (IPO) will be entirely an Offer For Sale (OFS) of 38,672,208 equity shares by promoters and investors

Sensex, Nifty end flat after choppy day; Titan up 5%, Varroc Engg tanks 7%

CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM

Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip

CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers

Top headlines: Rupee rises 29 paise; Tracxn Technologies IPO to open Oct 10

The initial share-sale will open for public subscription on October 10 and close on October 12, the company said in a statement

Sebi penalises 10 firms for diverting IPO proceeds in Birla Pacific case

Capital markets regulator Sebi has imposed penalties totalling Rs 3.42 crore on 10 entities, including Birla Pacific Medspa and Yashovardhan Birla, for violating listing agreements as well as diverting proceeds from the initial public offer of Birla Pacific Medspa Ltd. The regulator imposed a fine of Rs 1.07 crore on Birla Pacific Medspa Ltd, Rs 32 lakh on Abhijit Desai, Rs 26 lakh on PVR Murthy and Rs 25 lakh each on Yashovardhan Birla, Venkateshwaralu Nelabhotla, Mohandas Adige, Anoj Menon, Rajesh Shah, Upkar Singh Kohli and Tushar Dey. The order came after Sebi conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7-15, 2011. The scrip of BPML was listed on BSE on July 7, 2011, after the IPO was open for subscription from June 20-23, 2011. The price of the scrip had seen sharp volatility on the listing day, closing at Rs 25.35, 154 per cent more than the issue price of Rs 10 per share, Sebi said in an order on September .

Deltatech Gaming, Pristine Logistics get Sebi's go-ahead to float IPO

Deltatech Gaming Ltd and Pristine Logistics & Infraprojects Ltd have received Sebi's go-ahead to raise funds through an initial public offering (IPO). The two companies, which filed their preliminary IPO papers with Sebi during May and June, obtained its observation letter on September 30, an update with the markets watchdog showed on Monday. In Sebi's parlance, its observation implies its nod to launch an IPO. Going by the draft papers, Deltatech Gaming's Rs 550-crore IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter Delta Corp Ltd. Proceeds worth Rs 150 crore from the fresh issuance will be utilised for organic growth through marketing and business promotion activities, to attract new gamers and retain the existing ones, Rs 50 crore will be used for strengthening the technology infrastructure to develop new capabilities, maintain and manage its existing platform and general corporate purposes. The ...

Stricter disclosure norms may trigger DRHP filing rush in next two months

Industry players expect companies to advance their DRHP filings before new rules kick in

Airox Technologies files Rs 750-cr IPO papers with markets regulator Sebi

Medical equipment manufacturer Airox Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) of equity shares by promoters -- Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal, according to the draft red herring prospectus (DRHP). Under the OFS, Sanjay and Ashima will offload equity shares worth Rs 525 crore and Rs 225 crore respectively. Airox Technologies, manufacturer of (Pressure swing adsorption) oxygen generator, has a market share of 50-55 per cent, in terms of operational private hospital PSA medical oxygen market, as of fiscal 2022, according to the draft papers. The company facilitates the penetration of on-premise PSA (Pressure swing adsorption) oxygen generators in Indian hospitals with nearly 872 installed and operational PSA oxygen generators, as of March 2022. PSA oxygen generators are the equipment that produce oxygen with purity usin

Retail IPO applications down by over 50% in H1FY23, shows data

Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr

Enviro Infra Engineers, Udayshivakumar Infra file IPO papers with Sebi

Two companies -- Enviro Infra Engineers Ltd and Udayshivakumar Infra Ltd -- have filed preliminary papers with capital markets regulator Sebi to raise funds through Initial Public Offerings (IPOs). With these, the total number of companies filing draft IPO papers with the Securities and Exchange Board of India (Sebi) reached 8 in this month. The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Funds raised through the issue will be used to meet the working capital requirements and general corporate purpose. Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of Water and Wastewater Treatment Plants and Water Supply Scheme Projects for government authorities/bodies. Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore. Proceeds of the issue will be used to fund .