Page 115 - Ipos

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

Officer's Choice maker Allied Blenders to float Rs 1,500 cr IPO on Jun 25

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, is set to launch its Rs 1,500 crore initial public offering (IPO) on June 25. The initial share-sale will conclude on June 27 and the bidding for anchor investors will open for a day on June 24, according to the red herring prospectus (RHP). The initial share-sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt, besides, a portion will be used for general corporate purposes. The total debt on the company's books was around Rs 808 crore as of December 2023. Allied Blenders and Distillers, which filed preliminary IPO papers with Sebi in January, obtained its nod in May to launch the public issue. With a marke

Hyundai IPO: How does HMIL compare with Tata Motors, Maruti Suzuki, M&M?

Hyundai Motor India IPO: How does Hyundai compare with Indian listed peers? Check key metrics here

Divine Power Energy's Rs 23-crore IPO to open on June 25; details here

Divine Power Energy IPO: The manufacturer of insulated wires and strips aims to raise Rs 22.76 crore via the public offering of its shares in a price band of Rs 36-40 per share

DEE Development Engineers IPO opens today: GMP, price band, should you bid?

On June 18, DEE Development Engineers secured Rs 125.10 crore from anchor investors, offering a total of 61,62,777 shares. Leading anchor investors included HDFC Mutual Fund, Kotak Mahindra Trustee,

Hyundai Motor IPO: Here are the top 10 biggest IPOs in Indian history

If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea

6 SME IPOs to open this week; check size, issue price, GMP and more

Falcon Technoprojects India IPO is a fixed price issue of Rs 13.69 crore. The issue is entirely a fresh issue of 14.88 lakh shares

Hyundai Motor India files draft papers to raise around $3 bn through IPO

If the listing proceeds as planned, this transaction would become the largest IPO in India's corporate history, surpassing the previous record set by the state-owned LIC's $2.7 billion listing in 2022

Fundraising through SME IPOs in the first half of 2024 touches Rs 3,000 cr

Record-breaking fundraising in first half since SME option debut

India is a better destination for tech IPOs: Binny Bansal to entrepreneurs

Binny Bansal also acknowledged that the quick commerce model is working well in India despite his scepticism

Haldiram's exploring IPO as plans to sell to foreign investors stall

IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale

Dee Development Engineers eyes Rs 418 crore via IPO; to open on Jun 19

Piping solutions provider Dee Development Engineers Ltd on Wednesday said it is looking to raise Rs 418 crore through its initial share sale, which will open for public subscription on June 19. The issue, with a price band of Rs 193-203 apiece, will conclude on June 21. The bidding for anchor investors will open for a day on June 18. The initial share sale comprises fresh issuance of equity shares worth Rs 325 crore and an offer for sale of 45.82 lakh equity shares valued at Rs 93 crore by promoter and CMD Krishan Lalit Bansal at the upper end of the price band. This takes the IPO size to Rs 418 crore. Currently, Bansal owns a 74.74 per cent stake in the company. Of Rs 325 crore proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding the working capital requirements, and the remaining 75 crore will be used for general corporate purposes, the company's CFO Sameer Agarwal told PTI in an interaction. Half of the issue size has been reserved for qualified ...

Ola Electric gets Sebi approval to raise $660 mn through IPO: Report

Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said

Hyundai Motor India prepares for IPO filing, potential to raise $2.5 bn

Hyundai Motor India IPO: Indian unit of the Korean automaker is expected to file a DRHP with Sebi within the next two weeks

Over half of Aramco share sale allocated to foreign investors: Report

International demand for the secondary share sale was greater than for Aramco's IPO in 2019, sources had previously told Reuters

Bajaj Housing Finance files papers with Sebi for Rs 7,000 crore IPO

The funds raised from Bajaj Housing Finance's fresh issue will be used to augment its capital base to meet future business requirements

Ixigo's parent co garners Rs 333 cr from anchor investors ahead of IPO

Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Friday said it has mobilised Rs 333 crore from anchor investors ahead of launch of its initial share sale for public subscription. The anchor investors who have been allotted shares are the Government of Singapore, Morgan Stanley, WhiteOak Capital, Bay Capital India Find, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund and HDFC Mutual Fund, according to a circular uploaded on BSE website. Overall, the company has allotted 3.58 crore equity shares to 23 funds at Rs 93 apiece, aggregating to Rs 333 crore, it added. The issue, with a price band of Rs 88 to Rs 93 per share, will open on June 10 and conclude on June 12. The Rs 740-crore IPO of the Gurugram-based company is a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing ...

Kronox Lab Sciences IPO allotment today: How to check status and latest GMP

Kronox Lab Sciences IPO allotment will be finalised on June 6, the IPO received receives 117.25 times subscription on last day of offer

Hindalco Industries defers Novelis IPO in US, citing market conditions

US subsidiary of Hindalco Industries says it will continue evaluate timing of the offering

Investors subscribe Kronox Lab Sciences IPO 11 times on 1st day of offer

The initial public offer of Kronox Lab Sciences got subscribed 11.06 times on the first day of subscription on Monday. The IPO received bids for 7,40,66,630 shares against 66,99,000 shares on offer, as per NSE data. The category for non-institutional investors fetched 19.94 times subscription, while Retail Individual Investors (RIIs) part got subscribed 12.93 times. The quota for Qualified Institutional Buyers (QIBs) received 1.11 times subscription. The Initial Public Offer (IPO) has an offer-for-sale component of up to 95,70,000 equity shares. Its price range is Rs 129-136 a share. Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors. Pantomath Capital Advisors is the book-running lead manager to the offer. The company's equity shares are proposed to be listed on the BSE and NSE. Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio has more than 185 products. The pro