Page 116 - Ipos

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

Indian bankers get ready for IPO surge as elections come to a close

The year's largest IPOs are likely yet to come, such as South Korea's Hyundai Motor Co.'s first-time share sale of its India unit, which could raise about $2.5 billion

NSE Indices launch India's first EV index; Awfis Space gains 9% on debut

Hero FinCorp mainly offers two-wheeler financing, leveraging 2,000 retail touchpoints of Hero MotoCorp

Kronox Lab Sciences IPO to open Jun 3; price band at Rs 129-136 per share

Speciality chemical company Kronox Lab Sciences on Wednesday said it has fixed a price band of Rs 129-136 a share for its initial share sale opening for public subscription on June 3. The three-day initial public offering (IPO) will conclude on June 5 and the bid for anchor investors will open for a day on May 31, according to the Red Herring Prospectus (RHP). The proposed issue is entirely an offer-for-sale (OFS) of 95.7 lakh equity shares by promoters Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani. At the upper end of the price band, the IPO size is estimated to be Rs 130.15 crore. Vadodara-based Kronox is a manufacturer of speciality fine chemicals. Its products find application in a wide spectrum of industries for diversified uses such as pharmaceutical formulations, active pharmaceutical ingredients, biotech, scientific research and testing, personal care, agrochemicals, animal health, and metallurgy, amongst others. It has three manufacturing facilities and a Research

Licious gears up for IPO with new CFO Karishma Gupta, profit pursuit

The Bengaluru-based fresh meat company has over 500 Licious stores opening across 20 cities in the next five years as it targets operating profit by the end of the current financial year

Plea in Delhi HC to expedite NSE IPO; court seeks reply from Sebi, NSE

The court seeks reply from Sebi, NSE on the plea

Investors subscribe Awfis Space Solutions IPO 108.17 times the offer size

The initial public offer of co-working space operator Awfis Space Solutions got subscribed a whopping 108.17 times on the closing day of subscription on Monday, amid heavy participation from institutional investors. The Rs 599 crore initial share sale received bids for 93,34,36,374 shares against 86,29,670 shares on offer, according to data available with the NSE. The portion for non-institutional investors fetched 129.27 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 116.95 times. The quota for Retail Individual Investors (RIIs) attracted 53.23 times subscription. The initial public offer (IPO) of fresh issue of up to Rs 128 crore and offer for sale of up to 1,22,95,699 equity shares began for bidding on Wednesday. The price range for the IPO is Rs 364-383 per share. The IPO of Awfis Space Solutions was fully subscribed on the first day of bidding on Wednesday. Awfis Space Solutions Ltd on Tuesday said it has mopped up a little ove

Kidney care provider Care India aims to raise Rs 35-40 crore through IPO

Kidney care provider Nephro Care India Ltd on Friday said it aims at raising Rs 35-40 crore through an initial public offering (IPO), the majority of which will be utilised to complete its multi-speciality hospital near Kolkata. The IPO will comprise a fresh issuance of 45.84 lakh equity shares with a face value of Rs 10 each, said Founder and MD of Nephro Care India, Dr Pratim Sengupta. "The IPO is scheduled next month on the NSE Emerge platform, and is subject to approvals from the bourse," Sengupta said. The promoter stake will stand at 60-65 per cent after dilution post the IPO, he said. The 100-bed multi-speciality hospital at Madhyamgram near the metropolis will be inaugurated on July 1 on National Doctor's Day, Sengupta told PTI here. The Kolkata-based company's upcoming medical facility is being set up at a cost of Rs 36 crore, including internal funding of around Rs 10 crore, he said. Nephro Care India, founded in 2014, also plans to open three more kidney care units in

Sebi mandates 10-minute video disclosure for companies launching IPOs

"The content of the AV must be factual, non-repetitive, non-promotional and shall not be misleading in any manner," said Sebi

Investments by PE, VC funds decline 35% in April to $4.4 bn: Report

The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said

Co-working space operator Awfis Space IPO fully subscribed on Day 1

The initial public offer of co-working space operator Awfis Space Solutions got subscribed 2 times on the first day of bidding on Wednesday. The Rs 599 crore initial share sale received bids for 1,74,46,143 shares against 86,29,670 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) fetched 6.02 times subscription, while the quota for non-institutional investors got subscribed 2.76 times. The portion for Qualified Institutional Buyers (QIBs) received 30 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 128 crore and an offer for sale of up to 1,22,95,699 equity shares. The price range for the offer is fixed at Rs 364-383 per share. Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors. The issue will conclude on May 27. Promoter Peak XV Partners Investments V (formerly known as SCI Investments) as well as shareholders Bisque Ltd and Link Investment Trust are

Stock Market Highlights, May 22: Sensex up 268pts, Nifty near 22600; Awfis Space IPO subscribed 1.5x

Stock Market Highlights on Wednesday, May 22, 2024: M-cap of all BSE listed companies settled at Rs 416 trillion or $5 trillion today

Beacon Trusteeship IPO to open on May 28, price band at Rs 57-60 per share

Leading debenture trustee Beacon Trusteeship Ltd on Wednesday said it is aiming to raise a little over Rs 32 crore through its initial share-sale opening for public subscription on May 28. The Mumbai-headquartered company has fixed a price band at Rs 57-60 per share for the issue and the lot size will be 2,000 equity shares. The issue will conclude on May 30 and the bidding for anchor investors will open for a day on May 27. Post the successful completion of the IPO, shares of the company will be listed on NSE Emerge, Beacon Trusteeship said in a statement. The IPO comprises a fresh issue of 38.72 lakh equity shares worth Rs 23.23 crore and an Offer for Sale (OFS) of up to 15.48 lakh equity shares to the tune of Rs 9.29 crore. This takes the aggregate size to Rs 32.52 crore at the upper end of the price band. Those selling shares in the OFS are Prasana Analytics Private Limited and Kaustubh Kiran Kulkarni. Of the IPO proceeds, the company proposes to use Rs 7 crore to build up ...

Ireda to issue FPO this financial year to support its growing size

IREDA launched its initial public offering (IPO) in December 2023 and debuted on Dalal Street after two failed attempts over the last decade

Sebi amends rule to facilitate ease of doing biz for firms planning IPOs

To facilitate ease of doing business for companies planning IPOs, Sebi has said any change in the size of offer for sale (OFS) requiring fresh filing will be based on only one of the criteria -- either issue size in rupee or number of shares. Further, promoter group entities and non-individual shareholders holding more than 5 per cent of the post-offer equity share capital can be permitted to contribute towards the shortfall in minimum promoters' contribution (MPC) without being identified as a promoter, according to a notification issued by Sebi. Companies promoted by entrepreneurs often have several rounds of funding prior to listing their equity shares on the stock exchanges. In such situations, the promoters' holding may fall short of the minimum promoter contribution i.e., 20 per cent of the post-offer equity share capital. While the current ICDR (Issue of Capital and Disclosure Requirements) rule permits certain categories of investors to contribute equity shares held by them

Stock Market Highlights, May 21: Market-cap of BSE-listed firms hits $5 trillion mark

Stock Market Highlights on Tuesday, May 21, 2024: The S&P BSE Sensex ended at 73,953, down 53 points, while the Nifty50 ended above 22,500, up 27 points

Big IPOs seen making a comeback in India after boom in smaller offerings

A flurry of small deals has made India one of Asia's busiest IPO markets this year. Bigger share sales brighten the nation's chances of attracting global funds as investors rotate money