Page 112 - Ipos

Hyundai to pay $40mn fee to banks advising on India IPO, 2nd biggest payday

Hyundai Motor's India unit this month filed for regulatory approval for a listing, which could be the nation's biggest and will see the South Korean parent raise around $2.5-$3 billion

Investors subscribe Vraj Iron IPO 3.46 times offer size on day 1 of bidding

The initial public offering (IPO) of Vraj Iron and Steel received 3.46 times subscription on the first day of share sale on Wednesday. The Rs 171-crore initial share sale received bids for 2,12,27,976 shares against 61,38,462 shares on offer, according to NSE data. The portion for retail individual investors (RIIs) garnered 5.05 times subscription while the category for non-institutional investors got subscribed 3.53 times. The qualified institutional buyers (QIBs) quota received 61 per cent subscription. Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors. The Rs 171-crore IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mi

Once hottest thing on Wall Street, where have all Chinese IPOs gone?

Wall Street has not seen anything close to a blockbuster Chinese IPO in three years

Renewable IPOs see boom as investors eye stellar returns in solar sector

The humungous response to the stock of a small, nondescript distributor of solar panels reflects the prevailing craze for such offerings on Indian bourses

Stock Market Highlights, June 25: Sensex jumps 712pts, surpasses 78k for 1st time; Nifty tops 23,700

Stock Market Highlights on Tuesday, June 25, 2024: The m-cap of all the companies listed on the BSE stood at Rs 436 trillion at the end of the session

Investors subscribe Stanley Lifestyles IPO 5.22 times offer size on day 2

The initial public offer of luxury furniture brand Stanley Lifestyles received 5.22 times subscription on the second day of bidding on Monday. The Rs 537 crore initial share sale got bids for 5,34,55,000 shares against 1,02,41,507 shares on offer, as per NSE data. The portion for non-institutional investors fetched 8.85 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 6.10 times. The category for Qualified Institutional Buyers (QIBs) received 74 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. The initial share sale will conclude on Tuesday and has a price range of Rs 351-369 per share. The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The net proceeds from the fresh issue to the tune of Rs 90

From bricks to stocks: Indian family houses take leap with new-found wealth

'Shift is driven by favourable valuations and the diminishing stigma associated with selling a family business'

Stock Market Highlights, June 24: Sensex, Nifty end higher after a day's hiatus; VIX jumps 6%

Stock Market Highlights on Monday, June 24: Sectorally, the Nifty Media index fell 1.8 per cent, followed by the Nifty Metal, and PSU Bank indices (down 0.6 per cent each)

Pre-market cues: Gift Nifty hints gap-down; Quant MF, GPEco listing, 6 IPOs

All you need to know before the market opens on Monday, June 24, 2024: Gift Nifty quotes around 23,430 levels; Kospi, Taiwan deep in red in Asian trades; GP Eco Solutions to debut today.

Street signs: HDFC Bank's global balancing act, Bulls reign, bears retreat

Following strong responses to two initial public offerings (IPOs) that closed last week, grey market premiums (GMPs) have strengthened for three IPOs set to conclude this week

Ola Electric to face investor pushback on valuation for upcoming IPO

The company's founder has been aiming for a potential valuation of as much as $7 billion in a Mumbai listing, the people said, asking not to be identified as the information isn't public

Managed this fundraise because of biz performance: Zepto CEO Aadit Palicha

We have been able to raise this round purely because of business performance. We are growing 140 per cent year-on-year, said Palicha

Investors subscribe IPO of Stanley Lifestyles 1.43 times offer size

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE data. The category for non-institutional investors fetched 2.01 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.80 times. The part meant for Qualified Institutional Buyers (QIBs) received 30 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. Price range for the offer is fixed at Rs 351-369 per share. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The Rs 537 crore IPO will conclude on June 25. The net proceeds from the fresh issue to the tune of Rs 90.13 crore will be used by the company towards expenditure for opening new stores, Rs 39.99 crore

Investors subscribe IPO of DEE Development Engineers 99 times offer size

The initial public offer of piping solutions provider DEE Development Engineers got subscribed 98.98 times on the last day of subscription on Friday. The Rs 418 crore initial share sale got bids for 1,47,92,58,933 shares against 1,49,44,944 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) received a whopping 201.91 times subscription while the category for non-institutional investors got subscribed 143.43 times. The part for Retail Individual Investors (RIIs) received 22.52 times subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares. The price range for the offer is Rs 193-203 per share. Dee Development Engineers Ltd on Tuesday said it has mobilised a little over Rs 125 crore from anchor investors. Of the Rs 325 crore fresh issue proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding working capital requirements, and the rema

Akme Fintrade IPO gets nearly 54 times subscription on last day of bidding

The initial public offer of non-banking finance company Akme Fintrade (India) Ltd received 53.97 times subscription on the closing day of bidding on Friday. The Rs 132 crore initial share sale got bids for 42,44,43,250 shares against 78,65,000 shares on offer, as per NSE data. The portion for non-institutional investors garnered 129.53 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 43.67 times. The Qualified Institutional Buyers (QIBs) part received 28.12 times subscription. The Initial Public Offer (IPO) of Akme Fintrade received 3 times subscription on the first day of bidding on Wednesday. The IPO has a fresh issue of up to 1.1 crore equity shares. The price range for the offer is Rs 114-120 per share. Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors. Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states -- Rajasthan

Mastercard-backed fintech firm Pine Labs weighs $1 bn IPO in India

The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private

Warburg Pincus-backed Avanse files draft papers for Rs 3,500-cr IPO

The company, promoted by Olive Vine Investment Ltd, an affiliate of private equity major Warburg Pincus, proposes to use the funds to increase its capital base for future needs

Will the Indian stock market tank post the Hyundai IPO? What history suggests

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Akme Fintrade IPO gets 11.61 times subscription on 2nd day of offer

The initial public offer of non-banking finance company Akme Fintrade (India) Ltd received 11.61 times subscription on the second day of bidding on Thursday. The Rs 132 crore initial share sale received bids for 9,13,08,500 shares against 78,65,000 shares on offer, according to NSE data. The quota for non-institutional investors got subscribed 22.21 times while the category for Retail Individual Investors (RIIs) fetched 15.11 times subscription. The Qualified Institutional Buyers (QIBs) portion received 17 per cent subscription. The Initial Public Offer (IPO) of Akme Fintrade received 3 times subscription on the first day of bidding on Wednesday. The IPO has a fresh issue of up to 1.1 crore equity shares. The price range for the offer is Rs 114-120 per share. Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors. Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states --

Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore

Ola Electric IPO: The the first public offering by an EV startup in India includes an offer-for-sale component of 95.2 million shares