Page 129 - Ipos

Fedbank Financial Services IPO to open on Nov 22 at Rs 133-140 per share

At the upper end of the price band, the Federal Bank-promoted company will mop up Rs 1,092.26 crore

IREDA fixes price band at Rs 30-32 per share for Rs 2,150 crore IPO

Indian Renewable Energy Development Agency Ltd (IREDA) on Thursday fixed the price band for its up to Rs 2,150.21 crore Initial Public Offering (IPO) at Rs 30-32 per equity share, the company said here on Thursday. The company's maiden IPO will open for the public on November 21 for subscription and close on November 23, it said. Investors can bid for a minimum of 460 equity shares and in multiples of 460 equity shares thereafter, it said. The public issue of face value of Rs 10 per equity share comprises fresh issuance of equity shares up to 403.16 million and an Offer for Sale (OFS) of up to 268.78 million shares aggregating to up to 671.94 million equity shares, the government-owned company said. The company is into promoting, developing and extending financial assistance for new and renewable energy projects, and energy efficiency and conservation projects, offering a comprehensive range of financial products and related services, from project conceptualisation to ...

Easing inflaton lifts Sensex 742 pts, Nifty atop 19,650; Realty, IT lead

Closing Bell on November 15, 2023: Tech M, Wipro, Tata Steel, Infosys, Tata Motors, JSW Steel, TCS, Reliance Industries, Axis Bank, ITC, HCL Tech, and HDFC Bank were top Sensex gainers

Tata Technologies' IPO set to open for subscription on November 22

Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital

Federal Bank's arm Fedfina, Ireda get nod from Sebi to float IPOs

Four firms -- Fedbank Financial Services, Indian Renewable Energy Development Agency, EPACK Durable and Suraj Estate Developers -- have received capital markets regulator Sebi's approval to raise funds through initial public offerings (IPO). These companies, which filed preliminary IPO papers with Sebi between July and September, obtained the watchdog's observation letters between October 30 and November 10, an update with the regulator showed on Monday. In Sebi's parlance, its observations mean its nod to float the IPO. Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP. Under the OFS, Federal Bank will offload 1.65 crore shares, and True North Fund VI LLP will divest 5.38 crore shares. Fedfina proposes to utilise the net proceeds from the fresh issue .

Protean eGov IPO booked 24 times, retail portion subscribed nine times

The institutional investor portion of the issue was subscribed 47 times, high networth individual portion 32 times

What is sustaining the flow of IPOs, defying equity market turbulence?

IPO investors withdraw from the market when large hyped-up issues fail to give the desired returns. That makes fundraising difficult, say experts

Mamaearth IPO sails through despite falling GMP, low retail interest

At 2:20 PM, the issue was subscribed 5.6 times (5.6x) with QIB portion seeing subscription of 9.4x, followed by Employee portion at 4.34x. Retail investor portion stood at 91 per cent

Record number of small, medium-sized firms going public in India this year

So far in 2023, 184 firms have gone public in the South Asian nation, more than in any other full year, according to data compiled by Bloomberg

Cello World subscribed 38.9x; Protean eGov's Rs 490 crore IPO to open Nov 6

Shares of Blue Jet Healthcare finished over 14 per cent higher during their trading debut

Blue Jet Healthcare makes decent debut; lists 10% higher over issue price

The stock listed at Rs 380, a 10 per cent premium over its issue price of Rs 346 per share on the NSE

Analysts flag caution on Mamaearth IPO: Here's why

Mamaearth IPO: Analysts suggest avoiding the IPO as the company's financial performance and growth strategy do not inspire confidence

ESAF SFB to launch IPO on Nov 3 with price band at Rs 57-60/share

ESAF Small Finance Bank Ltd on Tuesday said it has fixed the price band at Rs 57-60 per share for its Rs 463-crore initial share sale that will hit the Indian stock exchanges on November 3. The Initial Public Offering (IPO) of the company will conclude on November 7, while the anchor portion will open on November 2. The firm has lowered its size of fresh issue of equity shares worth up to Rs 390.70 crore from the earlier target of Rs 486.74 crore. It has also reduced its offer for sale component from Rs 142.3 crore to Rs 72.30 crore, as per the red herring prospectus (RHP). Those selling shares in the OFS are promoter ESAF Financial Holdings Pvt Ltd and other shareholders PNB MetLife India Insurance Company Ltd, and Bajaj Allianz Life Insurance Company Ltd. Further, investors can bid for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter. At present, ESAF Financial Holdings owns a 62.46 per cent stake in the small finance bank, while PNB MetLife and Ba

Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh

Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent

SKI Capital, PROSE partners to tap over Rs 2,500 crore SME IPO market

Merchant banker SKI Capital on Monday said it has collaborated with communication firm PROSE Integrated to tap over Rs 2,500 crore Indian Small and Medium Enterprises (SME) IPO market. The main aim of this alliance is to make entrepreneurs and promoters of SMEs as well as potential investors aware of this opportunity, the two firms said in a joint statement. Earlier this year, SKI Capital achieved registration from the Sebi for its alternative investment fund (AIF) focused on the SME initial public offerings (IPOs). With a target corpus of Rs 600 crore, the AIF is specifically focused on providing SMEs with vital capital and strategic support. SKI Capital's AIF also closed its first and initial investment in an SME IPO and filed DRHP (drat red herring prospectus) for two SME IPOs as the lead manager. PROSE Integrated will provide deep domain expertise to identify potential SMEs and promote SME IPOs by increasing awareness amongst investors across India. SME IPOs have seen a record

Street Signs: Nifty's battle at 18,800, IPOs tread with caution, and more

Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday

Ola Electric in 'giga' drive: Rs 3,200 crore to fund its EV business

The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion

Tata Technologies, Cello among IPOs set for launch amid volatile market

Tata Technologies is among the most-awaited IPOs and the same is set to mark its entry into the share market in the second or third week of November

Promoters up stake in Jio Financial; Blue Jet IPO subscribed 69% on day 1

The promoter holding in the Mukesh Ambani-led firm stood at 46.77 per cent, up 97 basis points from 45.8 per cent at the time of listing in August

IPO filings remain robust in October despite recent turbulence in equities

August-October best period for DRHP filings in 2 years