Page 117 - Ipos

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

Go Digit Subscription Status, Day 3:IPO subscribed 9.5x so far on final day

Go Digit IPO Subscription Status, May 17: Retail investors' portion was booked (4x), NII portion (7.1x), and QIB portion (12.56x)

Go Digit IPO Day 2 subscription status: Issue booked 67% so far, GMP dips

Go Digit IPO Day 2: The grey market premium (GMP) of Go Digit Insurance has fallen to Rs 15 from Rs 45 on May 15

Investors subscribe Go Digit General Insurance IPO 36% on day 1 of bidding

The initial public offer of Go Digit General Insurance, a firm backed by Canada-based Fairfax Group, received 36 per cent subscription on the first day of bidding on Wednesday. The initial share sale received bids for 1,88,86,890 shares against 5,28,69,677 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.44 times and that of non-institutional investors received 34 per cent subscription. Go Digit General Insurance has raised a little over Rs 1,176 crore from anchor investors. The company's Rs 2,615-crore initial share sale will conclude on Friday. The price band for the offer has been fixed at Rs 258-272 per share. Go Digit's proposed Initial Public Offer (IPO) has a fresh issuance of equity shares worth Rs 1,125 crore and an Offer-for-Sale (OFS) of 5.47 crore equity shares by promoter Go Digit Infoworks Services and existing shareholders worth Rs 1,490 crore. This takes the total IPO size to Rs 2,615 crore at the upper end of th

Go Digit: GMP of Virat, Anushka-backed IPO dips slightly; should you apply?

Go Digit IPO: God Digit issue was subscribed 24 per cent till 2 PM on day 1 of the offer, led by retail investors

Virushka-backed Go Digit IPO to open today: Here's all you need to know

Go Digit Insurance IPO: The IPO of the Bengaluru-based insurance startup is a book-built issue of Rs 2,614.65 crore

Investors subscribe Piotex Industries' IPO 108 times on final day

The initial public offering of Piotex Industries closed with an overwhelming subscription of 108 times on Tuesday. The portion for non-institutional investors (NII) was subscribed 122 times, the quota for retail individual investors (RII) received 94 times subscription, bringing the overall subscription to 108 times until the final day of bidding on Tuesday. Shares of the Pune-headquartered company will be listed on the BSE's SME platform. The Rs 14.47 crore initial public offering (IPO) is entirely a fresh issue of 15.4 lakh equity shares with a face value of Rs 10 each. The company has fixed the price of the issue at Rs 94 per share. The company proposes to utilise the proceeds from the public offer to fund its working capital requirements, general corporate purposes and meet issue expenses. Founded in 2019 by Abhay Shriram Asalkar and Yogesh Omprakash Nimodiya, the company is a supplier of yarn, fabric and cotton bales and works on an asset-lite model. Piotex Industries recor

Hindalco's arm Novelis files paper with US securities regulator for IPO

Hindalco Industries on Tuesday said its arm Novalis Inc has filed papers with the US securities regulator, the Securities and Exchange Commission, for its proposed Initial Public Offering (IPO). Novelis will be listing its common shares on the New York Stock Exchange. Hindalco, the flagship company of Aditya Birla Group, did not disclose the size of the IPO of its wholly-owned subsidiary Novelis Inc. It also did not give any timeline to hit the market with its public issue. The common shares are expected to be offered by Novelis' sole shareholder -- A V Minerals (Netherlands) NV, also, a fully-owned subsidiary of Hindalco Industries Limited. Novelis Inc will not receive any proceeds from the sale of common shares by its sole shareholder. Hindalco owns 100 per cent of Novelis through AV minerals. In a regulatory filing, the company said, "it has filed a registration statement on Form F-1 with the Securities and Exchange Commission (the SEC) relating to the proposed initial public .

Allied Blenders Ltd gets Sebi's approval to float Rs 1,500-crore IPO

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an Initial Public Offering (IPO), an update with the markets regulator showed on Tuesday. 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, according to the Draft Red Herring Prospectus (DRHP). As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Allied Blenders and Distillers Ltd, which filed preliminary IPO papers with Sebi in January, obtained its observations on May 10, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. As per the draft papers, 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

Accounting fraud concerns raise red flags for India's booming tiny IPOs

The crackdown comes after the regulator issued warnings earlier this year of price manipulation in tiny IPOs

Billionaire Birla's Novelis seeks to complete US IPO as soon as June

Hindalco is seeking to raise about $1.2 billion in the IPO for Atlanta-based Novelis and may target a valuation of about $18 billion, Bloomberg News has reported

Indian PE, VC investments decline 35% to $39 billion in 2023: Report

The Indian private equity and venture capital investments declined by about 35 per cent to around USD 39 billion in 2023 from USD 62 billion in 2022, according to a joint report by Bain & Company and IVCA released on Thursday. The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022. The drop in VC investments was much sharper, with total investments at USD 9.6 billion in 2023 versus USD 25.7 billion in 2022. "Mirroring the global trend, Indian private equity and venture capital (PE-VC) investment softened by about 35 per cent from approximately USD 62 billion in 2022 to around USD 39 billion in 2023, returning to pre-Covid-19 activity levels," the report said. The report saw 2023 as a marquee year for Indian exits with exit values soaring by 15 per cent to USD 29 billion with sale of shares in 340 entities. "In a year marked by global economic uncertainties, India's private equity landscape demonstrated ..

Indegene IPO oversubscribed 70 times; allotment to be announced today

Indegene IPO allotment status will be announced on May 9. See the steps to check the allotment status of Indegene IPO on BSE and Link Intime website here

Investors subscribe TBO Tek IPO 1.15 times on first day of subscription

The initial public offer of travel distribution firm TBO Tek got subscribed 1.15 times on the first day of bidding on Wednesday. The Rs 1,551 crore IPO received bids for 1,06,50,112 shares against 92,85,816 shares on offer, according to data available with the NSE. The category for Retail Individual Investors (RIIs) got subscribed 3.13 times while the portion for non-institutional investors received 2.08 times subscription. The quota for Qualified Institutional Buyers (QIBs) got 1 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 400 crore and an offer for sale of up to 1,25,08,797 equity shares. Those selling shares in the OFS are promoters Gaurav Bhatnagar, Manish Dhingra and LAP Travel, and investors TBO Korea and Augusta TBO. The price range for the offer is Rs 875-920 per share. TBO Tek on Tuesday said it has collected a little over Rs 696 crore from anchor investors. Proceeds from the fresh issue will be used for the growth and strengtheni