Page 62 - Ipo

TMB sets price band of Rs 500-525 a share: IPO to open on September 5

Offer consists of fresh issue of 15.8 mn equity shares; bank is expected to raise Rs 832 crore at the upper end of the band; stock will start trading on Sept 15

Top headlines: TMB IPO to open on Sep 5; rupee sees biggest gain in 1 year

The Indian rupee notched its biggest one-day gain in a year on Tuesday against a wobbly dollar as local equities saw a rush of foreign investor inflows

SSBA Innovations scraps Rs 105-cr IPO plans; withdraws draft papers

SSBA Innovations, which runs tax portal TaxBuddy, has decided to withdraw its Rs 105 crore Initial Public Offer (IPO). This has become the fourth company to abandon its planned IPO so far this year. Earlier, Stitched Textiles, which owns leading men's wear fashion brand Barcelona; Nandan Terry, part of the Chiripal group and Uma Converter had scrapped their proposed initial share sales. Going by the draft papers, SSBA Innovations' IPO was slated to be an entirely fresh issue of equity shares of up to Rs 105 crore. Out of this, Rs 65.45 crore was proposed to be used to fund user acquisition and business development, Rs 15.22 crore for technological development and balance amount towards general corporate purpose. The company had filed the Draft Red Herring Prospectus (DRHP) for the planned IPO on July 29 with the Securities and Exchange Board of India (Sebi). However, the draft offer documents for the IPO were withdrawn on August 24 and the reasons for the withdrawal have not been

Prasol Chemicals gets Sebi's approval to raise Rs 800 crore via IPO

Specialty chemical company Prasol Chemicals has received capital markets regulator Sebi's go-ahead to raise as much as Rs 800 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an Offer-For-Sale (OFS) of up to 90 lakh equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP). Prasol Chemicals, which filed its preliminary IPO papers with the regulator in April, obtained its "observation" letter on August 23, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. In Sebi's parlance, its observation implies its go-ahead to launch initial share sale. Going by the draft papers, the company may consider a further issue of equity shares aggregating up to Rs 50 crore. If such placement is completed, the fresh issue size will be reduced. As per market sources, the company is likely to raise around Rs 700-800 crore through the IPO. The proceeds from

DreamFolks Services IPO receives 6 times subscription on Day 2 of offer

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the category meant for non-institutional investors 8.40 times and Qualified Institutional Buyers (QIBs) 60 per cent. The IPO of DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription. The initial public offer is entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares. Price range for the offer is at Rs 308-326 a share. On Tuesday, DreamFolks Services had raised Rs 253 crore from anchor investors. It facilitates consumers' access to airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room

DreamFolks Services IPO is open for subscription, should you Subscribe?

The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period.

Top headlines:Nitish wins trust vote; DreamFolks IPO sails through on Day 1

Adani Green Energy Ltd., one of the seven listed units of Gautam Adani's ports-to-renewables empire, has seen its debt-to-equity ratio balloon to the second-highest in Asia

DreamFolks' IPO sails through on Day 1, retail portion booked 5.4x

The Initial Public Offer (IPO) of airport service aggregator platform DreamFolks Services got fully subscribed within hours of opening for subscription on Wednesday. The IPO received bids for 1,03,46,872 shares against 94,83,302 shares on offer, translating into 1.09 times subscription, according to data available with the NSE till 1348 hours. The category for Retail Individual Investors (RIIs) received 5.39 times subscription, while non-institutional investors portion got subscribed 41 per cent. The IPO is entirely an offer-for-sale (OFS) of 1,72,42,368 equity shares and has a price range of Rs 308-326 per share. On Tuesday, DreamFolks Services raised Rs 253 crore from anchor investors. It facilitates consumers' access to airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room, and baggage transfer services. Equirus Capital and Motilal Oswal Investment Advisors are the managers to the offer.

Servify raises Rs 520 crore in new round; aims for IPO in two years

Servify, a company that manages lifecycle of devices for several smartphone vendors in many markets, on Wednesday said it has raised USD 65 million (around Rs 520 crore) in a round led by Singularity Growth Opportunity Fund. The startup, which serves global brands like Samsung and Apple, has raised the money at a valuation which is just under USD 1 billion, its founder Sreevathsa Prabhakar told PTI, adding that it would have achieved the 'unicorn' status after this round itself, if not for a few challenging conditions set by investors. It has consciously raised money from domestic investors in this round because it aims to go public through an Initial Public Offering (IPO) in the next 18-24 months, he said. Investors in the new round include family offices like that of Pidilite, and also existing investors like Iron Pillar, BEENEXT, Blume Ventures, and DMI Sparkle Fund, he said, adding there is a possibility of it raising another USD 5-7 million in the next month to close the round

Dreamfolks Services raises Rs 253 cr from anchor investors ahead of IPO

Airport Service aggregator platform Dreamfolks Services Ltd on Tuesday raised Rs 253 crore from anchor investors ahead of its initial share-sale which will open for public subscription on Wednesday. Societe Generale, BNP Paribas Arbitrage, Saint Capital Fund, Segantii India Mauritius, Kuber India Fund, Smallcap World Fund, Inc, Aditya Birla Sun Life Mutual Fund, Sundaram Mutual Fund, Quant Mutual Fund and PNB Metlife India Insurance Company Limited are among the anchor investors. The company has decided to allot 7.76 crore shares to anchor investors at a price of Rs 326 apiece, aggregating the transaction size to Rs 253 crore, according to a circular on BSE's website. The Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of up to 1.72 crore equity shares by promoters -- Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav. The public issue will constitute 33 per cent of the post offer paid-up equity share capital of the company. The share sale, with a price band

Stitched Textiles scraps Rs 200-cr IPO plan; withdraws draft papers

Stitched Textiles, which owns leading men's wear fashion brand "Barcelona", has decided to withdraw its Rs 200 crore-Initial Public Offering (IPO). The IPO was slated to be entirely a fresh issue of equity shares. Proceeds of the issue were to be used for expansion of the company's retail network by launching exclusive brand outlets, enhancing the visibility and awareness of its brand for funding working capital requirements and general corporate proposals. The company had filed the Draft Red Herring Prospectus (DRHP) for the proposed IPO on June 17 with the Securities and Exchange Board of India (Sebi). However, the draft offer documents for the IPO were withdrawn on August 16 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Tuesday. Incorporated in 2015, Stitched Textiles is mainly into men's wear and deals in suiting and shirting fabrics. It operates around 85 stores in franchisee model in more than 50 cities in India, as

Top headlines: Dreamfolks IPO on Aug 24; China to offer loans to developers

Business Standard brings you top news of the day

Dreamfolks' IPO to open on Aug 24; price band fixed at Rs 308-326 per share

Airport Service aggregator platform Dreamfolks Services Ltd on Monday said it has fixed a price band of Rs 308-Rs 326 for its initial public offering which will open for public subscription on Wednesday. The initial share sale will open for public subscription on August 24 and conclude on August 26. The bidding for anchor investors would open on August 23, the company announced. The Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of up to 1.72 crore equity shares by promoters -- Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav. The public issue will constitute 33 per cent of the post offer paid-up equity share capital of the company. The company will allocate up to 60 per cent of the QIB (Qualified Institutional Buyer) portion to the anchor investors on a discretionary basis. Investors can bid for a minimum of 46 equity shares and in multiples of 46 thereafter. DreamFolks facilitates an enhanced airport experience for passengers, leveraging its ...

GoAir to Mobikwik: IPOs worth Rs 32,881 cr 'to expire' by Dec-end

Out of 27 such IPOs, the offer of GoAir will be the first one to expire

PharmEasy calls off its public offer; to go for rights issue instead

API Holdings, the parent company of PharmEasy, wrote to shareholders announcing withdrawal of DRHP

Syrma SGS Technology IPO subscribed 32.61 times on final day of bidding

The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday. The Rs 840 crore-IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 87.56 times subscription, non institutional investors was subscribed 17.50 times and Retail Individual Investors (RIIs) 5.53 times. The IPO had a fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares. The offer was priced in the range of Rs 209-220 per share. On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor investors. It was the first company to tap the primary market in two-and-a-half months. Prior to this, the IPO of Aether Industries was open for public subscription during May 24-26. The net proceeds from the fresh issue will be utilised for funding capital expenditure requirements to expand manufacturing, R&D ..

Blackstone to sell Sona BLW's shares worth nearly Rs 4,000 cr on Thursday

About 13.6% stake in Sona BLW Precision Forgings is likely to be sold via block deals on Thursday

Domestic module manufacturer Vikram Solar gets Sebi nod to launch IPO

The firm produces solar photo-voltaic modules and is an integrated solar energy solutions provider offering EPC services, and operations and maintenance services

Fairfax-backed general insurance firm Go Digit files DRHP for IPO

Unicorn will be first general insurer to be listed on the bourses in five years

Syrma SGS Technology IPO: Issue subscribed 92% on Day 2 of bidding

The offer got bids for 2,62,69,148 shares against 2,85,63,816 shares on offer, according to the NSE data.