Page 118 - Ipos

Aadhar Housing Finance IPO Alert: An issue for risk takers, say experts

Aadhar Housing Finance IPO review: Aadhar Housing Finance aims to raise Rs 3,000 crore with a price band fixed at Rs 300 to Rs 315 per share

K M Birla's Hindalco Industries mulls seeking $1.2 bn in Novelis IPO

Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said, asking not to be identified because the matter is private

TBO Tek IPO opens today: Check price band, GMP, analysis, financials

Set up in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, operates as a travel distribution platform

NSE investors may face further delays for its initial public offering

According to industry players, one of the key requirements for approving NSE's IPO is for it to remain free from any tech-glitch for a year

Three firms set to drive primary mkt with Rs 6,400 cr IPO blitz this week

The primary market is gearing up for significant activity this week, with three companies -- Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek -- poised to float IPOs aiming to collectively raise nearly Rs 6,400 crore. Before that, JNK India garnered Rs 650 crore through its initial share-sale last month. Since 2004, there hasn't been a single IPO launch during May in the last four general election cycles. Typically, the April to June period during these years has been slow for the primary markets due to election uncertainty, said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors. However, this trend has changed now with the launch of three mainboard initial public offerings (IPOs) next week. Samir Bahl, CEO of Anand Rathi Advisors told PTI that the new trend is a positive sign indicating the maturing of the Indian capital markets and confidence in India's long-term growth story irrespective of political ...

Muthoot Finance's arm Belstar Microfinance files Rs 1,300-cr IPO with Sebi

Muthoot Finance's microfinance arm, Belstar Microfinance Ltd, on Sunday filed preliminary papers with capital markets regulator Sebi to raise Rs 1,300 crore through an initial public offering (IPO). The Chennai-based entity's IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 300 crore by investor shareholders, according to the draft red herring prospectus (DRHP). As a part of the OFS, Danish asset management firm MAJ Invest aims to sell shares to the tune of Rs 175 crore, followed by Arum Holdings Ltd (Rs 97 crore) and Augusta Investments Zero Pte Ltd (Rs 28 crore). Maj Invest had first invested in Belstar Microfinance in 2018 and again in 2022. At present, Muthoot Finance, which is one the promoters, holds a little over 66 per cent stake in Belstar Microfinance. Proceeds from the fresh issue worth Rs 760 crore will be used to meet future capital requirements towards onward lending and the remaining amount will be used for

Aadhar Housing Finance sets IPO price band at Rs 300-315 per share

The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said in a statement

India's IPO market set to break May jinx in Lok Sabha election year

For 1st time during poll cycle since '04, mkts will see IPO frenzy

Meat startup Licious eyes IPO in 24 months, 500 stores in 5 years

The meat and seafood startup is looking to achieve Ebitda profitability by March this year

Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8

The initial share-sale will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP)

Asirvad MFI gets Sebi approval for IPO; JNK India surges 67% on debut

The company is also venturing into the renewable energy sector, focusing on green hydrogen production, hydrogen fuel stations, and solar photovoltaic projects.

Coca Cola gears up for IPO of $8 billion African bottling arm, says report

It may seek a valuation of more than $8 billion for the business, the report said, adding that the deliberations were at an early stage and the offering details could change

Racks & Rollers IPO to open on April 30; price band at Rs 73-78 per share

Storage racking system maker Racks & Rollers on Monday said its initial public offer will hit the capital markets on April 30 to raise around Rs 29.95 crore from public investors. The public issue will open for subscription on the BSE's SME platform on Tuesday and will close on May 3, the company said in a statement. The Bengaluru-based company, which is engaged in a storage racking system, with specialisation in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions has fixed the price band at Rs 73-78 per share. The initial public offering (IPO) is only a fresh issue of up to 38.40 lakh equity shares of Rs 10 each. At the upper end of the price band, the company will fetch up to Rs 29.95 crore. Investors can bid for a minimum of 1,600 equity shares and in multiples of 1,600 shares thereafter. Of the total net proceeds to be raised through the issue, Rs 27.50 crore will be used to meet working capital requirements and

Indegene sets IPO price band at Rs 430-452, aims to raise Rs 1,842 crore

In financial year 2023, Indegene reported Rs 2,306.13 crore in revenue from operations with a profit of Rs 266 crore

Indegene IPO to open on May 6; check price band, GMP, other details here

The IPO comprises a fresh issue of 16.8 million shares, valued at Rs 760 crore, alongside an offer for sale (OFS) of 23.9 million shares, worth Rs 1,081.76 crore

Boult planning to get listed by next year, says co-founder Varun Gupta

Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta. In an exclusive interview with PTI, Gupta spoke in detail about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year. "We are not focusing on IPO this year, our primary focus is to foray into offline markets, international geographies, and new categories, but possibly in the next year," he said. The young entrepreneur said the company has set an internal touchstone for itself before it goes public. "... We have an internal benchmark, when we hit a Rs 1,000 crore revenue, that's when we want to go for an IPO. Technically, we're eligible to go for an IPO today because we're profitable and comfortably over Rs 500 crore. But we have an internal milestone of Rs 1,000 crore, and that is when we will ...

JNK India's Rs 650 crore IPO subscribed 1.03 times on day 2 of offer

The initial public offer of heating equipment maker JNK India got fully subscribed on the second day of subscription on Wednesday. The Rs 650 crore initial share sale received bids for 1,14,14,556 shares against 1,10,83,278 shares on offer, translating into 1.03 times subscription, as per NSE data. The portion for non institutional investors got subscribed 1.25 times, while the category for Retail Individual Investors (RIIs) received 1.13 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 68 per cent. The Initial Public Offer (IPO) of JNK India received 49 per cent subscription on the first day of bidding on Tuesday. The IPO has a fresh issue of up to Rs 300 crore and an offer for sale of up to 84,21,052 equity shares. Those offloading shares in the OFS are promoters Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co Ltd, and Mascot Capital and Marketing Pvt Ltd, and a shareholder Milind Joshi. The IPO is in a price range of Rs 395-415 a

Heating equipment maker JNK India IPO receives 49% subscription on 1st day

The initial public offer of heating equipment maker JNK India received 49 per cent subscription on the first day of bidding on Tuesday. The initial share sale received bids for 53,86,212 shares against 1,10,83,278 shares on offer, as per data available with the NSE. The quota for Qualified Institutional Buyers (QIBs) got subscribed 67 per cent while the portion for Retail Individual Investors (RIIs) received 48 per cent subscription. The non institutional investors part fetched 25 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 300 crore and an Offer For Sale (OFS) component of up to 84,21,052 equity shares. Those offloading shares in the OFS are promoters Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co Ltd, and Mascot Capital and Marketing Pvt Ltd, and a shareholder Milind Joshi. The price range for the offer is fixed at Rs 395-415 a share. On Monday, JNK India Ltd said it has garnered Rs 195 crore from anchor investors. At the uppe

JNK India IPO: Subscription status, GMP, valuation, should you apply?

JNK India IPO: The grey market premium (GMP) for JNK India is Rs 15 as of April 23, 2024. At the higher end of the price band, it is a premium of 3.6 per cent.

Softbank-backed Oyo Hotels eyes $450 million bond sale for refinancing

The refinancing will extend the repayment timeline to five years, the person said. The company plans to complete the process in the September quarter