Page 119 - Ipos

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

A new ride: Ola Cabs weighs $500 million IPO, in talks with i-banks

The company is in talks with investment banks, including Goldman Sachs, Bank of America, Citi and India's Kotak and Axis, and plans to appoint IPO advisers within a month, said two of the sources

Chinese firms' fundraisings in limbo as IPOs scrutinised at home, abroad

The sudden freeze of an IPO market that was the world's biggest in 2023 and 2022 comes after the securities watchdog, under new chairman Wu Qing

Microsoft-backed cybersecurity firm Rubrik aims to raise $713 mn in IPO

Goldman Sachs, Barclays, Citigroup, and Wells Fargo are the lead underwriters for Rubrik's IPO

Bharti Hexacom set to start trading after country's biggest IPO in a year

Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised Rs 4,330 crore a year ago

3 SME public issues, 6 listings to hit Dalal Street this week: Details here

Six IPOs, including the Bharti Hexacom IPO and Aluwind Architectural IPO, will get listed on the stock exchanges

Telecom operator Bharti Hexacom IPO receives bids worth over $8 billion

Investors bid for 1.23 billion shares at a price range of 542 to 570 rupees per share, which was 29.88 times more than the 41.2 million shares offered, data from the NSE showed

Bharti Hexacom IPO fully subscribed on the second day of the issue

The price band for the IPO is Rs 542-570 per share. At the top end, the IPO size is Rs 4,275 crore, making it the largest issue in almost a year

Fundraise via IPOs to hit Rs 1 trillion mark in FY25: Report

The optimism as regards the higher mop-up via the IPO route in FY25, the note said, is mainly on account of buoyancy in the secondary markets

Bharti Hexacom IPO opens today: Price band, offer size, GMP, review & more

Bharti Hexacom IPO: At the higher end of the price band of Rs 542 to Rs 570, the company aims to raise Rs 4,275 crore

Investors subscribe TAC Infosec's IPO 393 times on final day of offer

TAC Infosec's initial share sale received an overwhelming response from the investors as it received 392.56 times subscriptions on the last day of the offer on Tuesday. The initial public offering (IPO) of TAC Infosec received bids for 79,42,29,600 shares against 20,23,200 equity shares on offer, according to the NSE data. The category for qualified institutional buyer (QIB) got 37.54 times subscription, while the quota for non-institutional investors (NII) was subscribed 153.30 times, and the Retail Individual Investors (RII) portion got 201.71 times subscription. The price band of the public issue has been fixed at Rs 100-106 per share. The IPO is only a fresh issue of 28.29 lakh equity shares with a face value of Rs 10 each. Proceeds from the issue will be used to invest in human resources and product development to support organic growth in India. Further, it will also use the proceeds to invest in TAC Security Inc (Delaware, USA) to hire skilled personnel for organic growth a

India, South Korea, and Japan to stay busy with IPOs while China stalls

While IPOs returned to major venues in Europe and the US, the slowdown in Asia was mostly due to Beijing's decision to ramp up scrutiny of domestic new share sales as it tries to boost confidence

Kross, Saraswati Saree Depot gets Sebi's approval to raise funds via IPO

Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings. The two companies filed their preliminary initial public offering (IPO) papers with the capital markets regulator between October and December 2023 and obtained their regulatory observation during March 22-27, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. As per the draft papers, Kross' maiden public issue is a mix of a fresh issue of shares worth up to Rs 250 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 250 crore by promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The Jamshedpur-based company proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Saraswati Saree Depot's IPO comprise

FY24: A rewarding year for investors who put their money in IPOs

The S&P BSE IPO Index, a gauge tracking the after-listing performance of newly listed companies, has risen by 69 per cent in this financial year

Investors subscribe SRM Contractors IPO 86.57 times on last day of bidding

The initial public offer of SRM Contractors got subscribed 86.57 times on the last day of bidding on Thursday. The Rs 130.20 crore IPO received bids for 37,57,05,680 shares against 43,40,100 shares on offer, as per NSE data. The quota for non-institutional investors received 214.93 times subscription while the portion meant for Qualified Institutional Buyers (QIBs) got subscribed 59.59 times. The category for Retail Individual Investors (RIIs) fetched 46.97 times subscription. The Initial Public Offer (IPO) of fresh issue of up to 62,00,000 equity shares had a price range of Rs 200-210 a share. SRM Contractors mopped up Rs 39 crore from anchor investors on Friday. The company's IPO received 3.56 times subscription on the first day of bidding on Tuesday. It is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activities in the Union ..

CarDekho Group eyeing 40% consolidated growth in FY25, says Amit Jain

Autotech and financial solution provider CarDekho Group is eyeing over 40 per cent consolidated headline growth in FY25 and is on the prowl for value-accretive acquisitions, chief executive and co-founder and Shark Tank India judge Amit Jain has said. Jain who leads CarDekho and is a familiar face on the business reality series Shark Tank India told PTI in an interview that the automobile marketplace (CarDekho) has been profitable for years now and hoped that profitability at a group level would come by in FY25, after which an IPO would follow. Jain described CarDekho as a "growth story with sustainability" and said the Group expects to notch 50 per cent growth (CAGR) in the current fiscal, with businesses like InsuranceDekho (insurtech platform) and Southeast Asia Business aiding growth. The South East Asian market (Indonesia, the Philippines, and Malaysia) is yielding strong numbers, he said, adding that the company is evaluating the Middle East market (UAE and others) as the next

Investors subscribe SRM Contractors IPO 17.40 times on day two of bidding

The initial public offer of SRM Contractors got subscribed 17.40 times on the second day of bidding on Wednesday. The Initial Public Offer (IPO) received bids for 7,55,13,970 shares against 43,40,100 shares on offer, according to data available with the NSE. The quota for non-institutional investors received 45.49 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 13.93 times. The category for Qualified Institutional Buyers (QIBs) fetched 2.41 times subscription. The IPO of fresh issue of up to 62,00,000 equity shares is in a price range of Rs 200-210 a share. SRM Contractors mopped up Rs 39 crore from anchor investors on Friday. The SRM Contractors' IPO received 3.56 times subscription on the first day of bidding on Tuesday. The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activiti

Crizac files IPO papers with Sebi for Rs 1,000 cr, consists entirely of OFS

Student recruitment solution provider Crizac Ltd has filed preliminary papers with markets regulator Sebi to garner Rs 1,000 crore through an initial public offering. The initial public offering (IPO) is entirely an offer for sale (OFS) by promoters, Pinky Agarwal and Manish Agarwal, with no fresh issue component. The OFS consists of sale of equity shares worth Rs 841 crore by Pinky Agarwal and up to Rs 159 crore by Manish Agarwal. The offer includes a reservation for subscription by eligible employees, according to the draft red herring prospectus (DRHP) filed on Tuesday. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO. The Kolkata-based company offers international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand. Crizac has established partnerships with leading universities in the UK and is a major player in student recruitment from India to the

P N Gadgil Jewellers files papers with Sebi to garner Rs 1,100 cr via IPO

Jewellery retail chain P N Gadgil Jewellers Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,100 crore through an initial public offering (IPO) to fund its expansion and pare debt. The Maharashtra-based company's proposed IPO is a combination of a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares to the tune of Rs 250 crore by a promoter SVG Business Trust, according to the draft red herring prospectus (DRHP). At present, SVG Business Trust holds 99.9 per cent stake in P N Gadgil Jewellers. Of the IPO proceeds of Rs 850 crore, a total of Rs 387 crore will be utilised for the funding of expenditure towards setting up of 12 new stores in Maharashtra, Rs 300 crore for payment of debt, besides a portion will also be used for general corporate purposes. As on February 29, 2024, the company had total outstanding borrowings of Rs 377.45 crore, as per the draft papers filed last week. P N Gadgil Jewellers

Bharti Hexacom sets price band for Rs 4,275 cr IPO at Rs 542-570 per share

Bharti Airtel's arm Bharti Hexacom on Tuesday said it has fixed a price band of Rs 542 to Rs 570 per share for its Rs 4,275-crore initial public offering (IPO). The initial share-sale of the telecom operator's arm will be open for public subscription during April 3-5, and the bidding for anchor investors will open for a day on April 2, the company said in a public notice. This will mark the first public offering in the 2024-25 fiscal year. The company's IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Since it is an offer-for-sale or OFS, Bharti Hexacom will not receive any proceeds from the IPO. At present, promoter Bharti Airtel holds 70 per cent stake and the remaining 30 per cent stake is owned by Telecommunications Consultants India. Bharti Hexacom provides telecommunication services in Rajasthan and the North East. At the upper-end of the price band