Page 64 - Ipo

Agro-chemical firm GSP Crop Science plans Rs 500-cr IPO next year

Agro-chemical firm GSP Crop Science Pvt Lt is looking to launch a Rs 500-crore IPO (Initial Public Offering) by next year, according to its managing director Bhavesh Shah.

Tata Tech plans IPO by fiscal-end, the first by Tata group in 18 years

The company is in talks with several banks, including Citibank, to manage the share sale; The last share sale by a Tata firm was in 2004, when TCS floated an IPO

WhiteOak Capital launches its maiden NFO; to open on July 12

WhiteOak Capital Mutual Fund, the new entrant to the mutual fund space, on Thursday announced the launch of its first new fund offering WhiteOak Capital Flexi Cap Fund. It is an open-ended dynamic equity scheme investing across large, mid, and small-cap stocks. The New Fund Offering (NFO) will open on July 12 and close on July 26. The minimum investment that can be made in the fund is Rs 500, the fund house said in a statement. The key objective of the scheme is to generate long-term wealth for investors by investing across the market capitalisation spectrum. The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. The exit load of 1 per cent on the New Asset Value (NAV) will be applicable only if the units are redeemed within one month from the date of allotment and 'nil' thereafter. Prateek Pant, Chief Business Officer of WhiteOak Capital Mutual Fund, said the fund

IndiaFirst Life Insurance selects bankers for IPO expected later this year

IndiaFirst will be the fourth private sector life insurer to get listed on the bourses

Fund-raising drive on track, majority of the $800 mn received, says Byju's

The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days

Corrtech International gets Sebi's go-ahead to raise funds through IPO

Corrtech International, a pipeline laying solutions provider, has received capital markets regulator Sebi's go ahead to raise funds through an Initial Public Offering (IPO).

Tracxn in wait-and-watch mode over timing of proposed public offer

The company will take a call on its listing once the stock market stabilises, according to its founders

Healthvista India files draft papers for IPO to raise about Rs 1,000 cr

The company is an out-of-hospital healthcare provider with brand Portea

Edible oil brand Gulab Oils eyes Rs 5,000 crore turnover in four years

Plans to enter ten states from four currently, expand capacity 10-fold to 1,000 tonnes a day and make additions to product portfolio

Natural stone processor Global Surfaces files IPO draft papers with Sebi

The IPO comprises fresh issuance of 85.20 lakh equity shares and an offer-for-sale (OFS) of up to 25.5 lakh equity shares by promoters ---- Mayank Shah and Sweta Shah, according to the DRHP.

Officer's Choice whisky maker Allied Blenders files Rs 2,000-cr IPO papers

The IPO comprises fresh issue of equity shares worth Rs 1,000 cr and an Offer For Sale to the tune of Rs 1,000 cr by promoter and promoter group entity, according to the DRHP

15-yr record in IPO filing with Sebi belies market volatility, shows data

This high number of DRHP filing - or intent shown by companies to go public - paints a bullish picture.

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Stock market volatility to impact India Inc's fundraising plans: Analysts

Rising interest rates, too, do not augur well for corporate India as they will make raising money via debt expensive

Most analysts positive on Nykaa as firm takes rollercoaster ride after IPO

However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730

Skincare start-up Mamaearth eyes $3 bn valuation in 2023 IPO: Report

Company, popular in India with its range of 'toxin-free' products last valued at $1.2 bn.

TMSEp198: Bird strike on planes, ex-servicemen jobs, markets, IPO vs FPO

What can be done to prevent bird hits on planes? How have ex-servicemen fared in finding govt jobs? Is there a silver lining for the markets? How is an IPO different from FPO? All answers here

What is the difference between an IPO and FPO?

An initial public offer (IPO) and a follow-on public offer (FPO) are two types of public issues available to investors. Here is a breakdown of the differences between the two.

Inox Green Energy files fresh draft papers with Sebi for Rs 740-cr IPO

Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter Inox Wind, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. Besides, the company may consider a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. Inox Green Energy Services is engaged in the business of providing long term Operation and Maintenance (O&M) services for wind farm projects, specifically for Wind Turbine Generators (WTGs) and the common infrastructure facilities on the wind farm, which support the evacuation of power from such WTGs. Earlier, the company had filed the DRHP for its ...

India Exposition Mart gets Sebi's go ahead to float Rs 600-cr IPO

India Exposition Mart Ltd, a leading integrated exhibitions and conventions venue, has received capital markets regulator Sebi's go ahead to raise Rs 600 crore through an initial public offering (IPO). The initial share sale comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer for sale (OFS) of up to 1,12,10,659 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS include Vectra Investments, MIL Vehicles & Technologies, Overseas Carpets, RS Computech, Navratan Samdaria, Dinesh Kumar Aggarwal and Pankaj Garg. According to market sources, the company is likely to raise around Rs 600 crore through the initial share sale. The company, which filed the preliminary IPO papers with Sebi in March, obtained its "observations" letter on June 16, an update with the markets regulator showed on Monday. In Sebi's parlance, its observations implies its go ahead to launch IPO. Going by the draf