Page 127 - Ipos

Sensex falls 169 pts, Nifty holds 21,400 as indices pause rally; banks weak

Closing Bell on Monday December 18: In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory

India Shelter IPO allotment: How to check status and refund process?

The investors who applied for the issue can check India Shelter IPO allotment status in the registrar's portal, and on the website of stock exchanges, BSE and NSE

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

Cryogenic tank maker Inox India IPO subscribed 2.78 times on debut

The Initial Public Offer (IPO) of cryogenic tank maker INOX India was subscribed 2.78 times on the first day of subscription on Thursday. The Rs 1,459.32 crore IPO received bids for 4,30,88,606 shares against 1,54,77,670 shares on offer, according to NSE data. The category for non-institutional investors received 4.56 times subscription and Retail Individual Investors (RIIs) portion got subscribed 3.59 times. The quota for Qualified Institutional Buyers (QIBs) was subscribed 4 per cent. The IPO of up to 2,21,10,955 equity shares has a price range of Rs 627-660 a share. Inox India Ltd on Wednesday collected Rs 438 crore from anchor investors. Since the issue is completely an Offer for Sale (OFS), the Vadodara-based company will not receive any proceeds and all the funds will go to the selling shareholders. Inox India, one of the leading cryogenic tank manufacturers, has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installation o

IPO rush ahead of FPI holiday season, market to raise nearly Rs 8,000 cr

These companies will break a jinx of sorts seen during the December preceding a General Election year

Muthoot Microfin to launch Rs 960 crore maiden IPO on December 18

Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, is set to float its Rs 960 crore initial public offering (IPO) on December 18. The maiden public issue will conclude on December 20 and the one-day bidding for the anchor investors will open on December 15, according to the red herring prospectus (RHP). The microfinance institution's initial share sale comprises a fresh issue of equity shares worth Rs 760 crore and an offer for sale (OFS) aggregating up to Rs 200 crore. Those selling shares through the OFS are -- Greater Pacific Capital WIV Ltd and promoters -- Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas and Nina George. The company plans to use proceeds from the fresh issue for augmenting its capital base, to meet future capital requirements. Delhi-based Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player and the flagship firm of Muthoot Pappachan group. ICICI ...

India's relative position at its strongest in many years: Raj Balakrishnan

The deal pipeline across products is robust for 2024. Banks are actively working on several IPOs, with plans to file them in the next three months, says Balakrishnan

LIC reclaims Rs 5 trn market capitalisation mark, shares hit 18-mth high

According to the data released by Life Insurance Council, the premium of Life Insurance Corporation of India (LIC) dropped by 32.86 per cent in November 2023 to Rs 16,134.55 crore

Why investing in IPOs is risky and how you can make a safe market bet

Limited information and rich valuations are two key risks investors must watch out for

Practro aims profitability next fiscal, IPO in works: CEO Shashank ND

Tencent-backed healthcare and diagnostics app Practo is aiming to turn profitable in next fiscal and is looking at a stock exchange listing with an initial public offering (IPO) soon, its co-founder and CEO Shashank ND said. Practo is looking to enhance presence in smaller cities and towns and leverage AI to analyse data and provide much better analysis and outcomes in healthcare. In an interview with PTI, Shashank said the startup is already cash flow positive. "This year we will grow by a good healthy margin... Our EBITDA would have improved dramatically from last year. We will be near break-even this year and next year is when we really will be able to show significant profits." Founded in 2008, Practo connects doctors with patients and offers several ancillary services such as telemedicine. Income from diagnostic and consulting services formed 50 per cent of the total operating revenue. In the 2022-23 fiscal (April 2022 to March 2023), the Bengaluru-headquartered firm halved it

Jamshedpur-based Kross files Rs 500 crore maiden IPO papers with Sebi

Kross Ltd -- a specialist in manufacturing forging components for top OEMs -- has filed preliminary papers with capital markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The maiden public issue of the Jamshedpur-based company comprises 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, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. 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 company may undertake a pre-IPO placement of its securities worth up to Rs 50 crore. If such placement is undertaken, the fresh issue size will be reduced. Kross 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. Besides, a portion will be used for general corporate

Safe IPO investments, private jet boom: Top personal finance stories

Instead of getting carried away by hype, investors must do a rational assessment of these offerings to determine if they are better bet than sector peers already available in secondary market

Despite secondary market volatility, IPO charm is here to stay: Analysts

Any price-wise correction in the broader markets, which has seen maximum number of companies hitting the Street this may, may 'temporarily' halt the primary market buzz

Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO

The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing

Tata Tech lists at 140% premium; Should you buy, sell or hold the stock?

The handsome gains were expected due to the robust demand for the IPO, which was subscribed 69 times against the shares on offer

FT MF elevates Rengaraju to CIO; Sebi approves IPOs of five companies

Samco Mutual Fund on Tuesday launched its dynamic asset allocation fund, a hybrid fund which will invest in both equity and debt

Sebi will look into the high valuation of IPOs, says Madhabi Puri Buch

Amid concerns in some quarters over the exorbitant valuation of certain initial public offerings, Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. To a query about high premiums for some shares in IPOs, Buch said, "Of course, we are fully with you on this as the rationale given for high premia are nothing but some meaningless English words". "We are certainly going to look into it and address the issue," she said. When asked about concerns in some quarters that some IPOs are priced exorbitantly, the Sebi chief said, "If disclosures on valuation are meaningless then we will certainly look into it." It can be noted that to boost investors' interest in little-kno

Recruitment firm CIEL HR Services to file DRHP by end of Feb 2024

Recruitment and staffing services firm CIEL HR would be filing its draft red-herring prospectus by the end of February 2024. The Chennai-headquartered company expects to raise Rs 500 crore through its Initial Public Offering by June-July 2024, CIEL Group Executive Chairperson K Pandiarajan said on Monday. Pandiarajan and senior company officials were here to make a slew of announcements by CIEL Group, which include launch of CIEL Career Accelerator Programme, Building Talent Pool of Chief Human Resource Officers and launch of a Gig-working platform. The occasion also witnessed the acquisition of an IT Staffing Company RG Staffing Company by CIEL HR through share-swap'ratio, he said. Very important press meet for usRG Staffing is a leading IT Staffing company headquartered in Chennai. It reported revenues of Rs 16 crore. I have known this company from its birth. Its promoters are Badri Seshadri and Ramachandran.. Pandiarajan told reporters. We believe that this integration will ...

Tata Tech's Rs 3,042.5-cr IPO subscribed 69.43 times on final day of offer

The Rs 3,042.5 crore initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers. This is the first company from the Tata Group to float an initial public offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004. The initial share sale received bids for 3,12,64,91,040 shares against 4,50,29,207 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs) was subscribed a mammoth 203.41 times, while the part meant for non-institutional investors attracted 62.11 times subscription. The quota for retail individual investors (RIIs) was subscribed 16.50 times. The IPO of Tata Technologies was fully subscribed within minutes of opening for bidding on Wednesday. Tata Technologies, an arm of Tata Motors, on Tuesday said it has collected

Sensex, Nifty end flat; broader indices up; IT shares weak, Adani rallies

Closing Bell on Friday, November 24: 8 of 10 Adani Group stocks surged as Sebi presented its findings in the Adani-Hindenburg case