Page 132 - Ipos

Street signs: Nifty's next pit stop, grey market premiums decline, and more

On Tuesday, the NSE Midcap 100 and Nifty Smallcap 100 logged their biggest declines since December

Zaggle Prepaid Ocean Services' IPO receives 43% subscription on Day 2

Fintech player Zaggle Prepaid Ocean Services' initial public offering received 43 per cent subscription on the second day of bidding on Friday. The initial public offering (IPO) got bids for 82,96,560 shares against 1,93,26,761 shares on offer, as per data available with the NSE. The portion for Retail Individual Investors (RIIs) got subscribed 1.90 times and the category for non-institutional investors received 29 per cent subscription. The IPO received 19 per cent subscription on Thursday, the first day of the bidding. The IPO has a fresh issue of up to Rs 392 crore and offer for sale of up to 10,449,816 equity shares. Price range for the share sale is at Rs 156-164 apiece. Zaggle Prepaid Ocean Services on Wednesday said it has mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products,

Sai Silks sets Rs 210-222 per share price band for Rs 1,201 crore IPO

Ethnic apparel retailer Sai Silks (Kalamandir) on Thursday fixed a price band of Rs 210-222 per share for its Rs 1,201 crore-initial share sale, which opens on September 20. At the upper end of the price band, the Initial Public Offering (IPO) will fetch about Rs 1,201 crore. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. The offer consists of Rs 600 crore of fresh issue and an equal amount of Offer For Sale (OFS) through which the promoter family will divest 30 per cent of their 95.5 per cent shareholding, Chalavadi told PTI. The remaining 4.5 per cent of the bootstrapped ethnic retailer of premium and mid-income women's wear primarily sarees, are with the employees, he added. At Rs 210 a share price band, the floor price 105 times and the cap price is 111 times the face value of the shares. The OFS comprises promoters and some of the employers selling up to 2.70 crore equity shares. The selling promoters are Nagakanaka Durga

SoftBank's Arm eyes $62 billion valuation in likely stellar Nasdaq debut

Its stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confidence for other companies planning to list

Fintech firm Zaggle Prepaid IPO subscribed 19% on Day 1 of bidding

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd received 19 per cent subscription on Thursday, the first day of the bidding. The share sale received bids for 36,84,060 of 1,93,26,761 shares on offer, according to NSE data. The portion for Retail Individual Investors (RIIs) was subscribed 87 per cent while the quota for non institutional investors received 11 per cent subscription. The IPO has a fresh issue of up to Rs 392 crore and the offer for sale of up to 10,449,816 equity shares. The price range of the IPO is Rs 156-164 per share. Zaggle Prepaid Ocean Services on Wednesday said it has mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products, and up to Rs 17.08 crore to pare down, in full or in part, debt availed of by the firm. Founded in 2011,

Realty firm Signature Global sets IPO price band at Rs 366-385 per share

Realty firm Signature Global has fixed a price band of Rs 366-385 per share for its maiden public issue and aims to raise Rs 330 crore from anchor investors. Signature Global, which is based out of Delhi-National Capital Region, will hit the capital markets on September 20 with its IPO to raise Rs 730 crore. The offer will close on September 22. In July last year, Signature Global filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to launch its IPO. According to the Red Herring Prospectus (RHP) filed earlier this week, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares of up to Rs 603 crore and Offer For Sale (OFS) of up to Rs 127 crore. "Our net debt stood at around Rs 1,100 crore at the end of the last fiscal year. We propose to utilise Rs 432 crore for debt reduction," Signature Global Chairman Pradeep Aggarwal told reporters here. The balance fund will be used for inorganic growth through land acquisitions and gener

JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr

JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus

JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr

JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus

Ethnic apparel retailer Sai Silks' IPO to debut on Sept 20 with 27 mn OFS

Ethnic apparel retailer Sai Silks (Kalamandir) Ltd on Wednesday said its initial share sale will open for public subscription on September 20. The bidding for the anchor investors will open on September 18. The IPO of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares aggregating up to Rs 600 crore and an Offer for Sale (OFS) component of up to 2.70 crore equity shares by promoters' selling shareholders, according to the Red Herring Prospectus (RHP). The Hyderabad-based saree retailer is yet to announce the price band for the IPO, which will conclude on September 22. However, Sai Silks has revised its OFS size from 1.80 crore equity shares to 2.70 crore equity shares by promoters and promoter group entities. Proceeds from the fresh issue worth up to Rs 125 crore will be used for funding capital expenditure towards setting up 30 new stores and up to Rs 25 crore for setting up two warehouses. Also, it plans to infuse up to Rs 280 crore for funding the working

Signature Global to hit capital markets with Rs 730 crore IPO on Sep 20

Realty firm Signature Global (India) Ltd will hit the capital markets on September 20 with its Initial Public Offering (IPO) to raise Rs 730 crore. In July last year, the Delhi-based firm had filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi. According to the Red Herring Prospectus (RHP), which was filed on Tuesday, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares up to Rs 603 crore and offer for sale of up to Rs 127 crore. The company said it plans to utilise Rs 264 crore for repayment or prepayment of certain borrowings, in full or in part. It plans to infuse Rs 168 crore into subsidiaries for repayment or prepayment, in full or in part, certain borrowings availed of by them. The remaining fund will be used for inorganic growth through land acquisitions and general corporate purposes. Signature Global started operations in 2014 through its subsidiary Signature Builders Pvt Ltd with the launch of 'Solera' project o

Ahead of IPO, RR Kabel collects over Rs 585 cr from anchor investors

TPG-backed wires and cables manufacturer RR Kabel Ltd on Tuesday said it has mobilised Rs 585.62 crore from anchor investors ahead of its initial share sale. The company has allocated 56,58,201 equity shares to 54 entities at an average price of Rs 1,035 apiece, according to a circular uploaded on the BSE website. HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, HDFC Life Insurance Company, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, Elara India Opportunities Fund, and Government Pension Fund Global are among the anchor investors. RR Kabel's Rs 1,964 crore Initial Public Offering (IPO) which comprises a fresh issue of shares worth up to Rs 180 crore and an offer for sale (OFS) of over 1.72 crore shares by promoters and other external shareholders opens for public subscription on Wednesday. Through the OFS, the promoters/promoter entities will sell 3-4 per cent of their holdings but will sti

EMS Ltd IPO subscribed 75 times on final day by mostly institutional buyers

The Initial Public Offering (IPO) of water and sewerage infra player EMS Ltd was subscribed 75.28 times on the final day of subscription on Tuesday, with heavy participation from institutional buyers. The share sale received bids for 81,21,02,970 shares against 1,07,87,431 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) was subscribed 153.02 times while the portion for non-institutional investors received 82.32 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 29.79 times. The IPO had a fresh issue of up to Rs 146.24 crore and the offer for sale of up to 82,94,118 equity shares. The price range for the offer was Rs 200-211 per share. The company offers water and sewerage infra solutions, including laying the sewerage network to build treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan. EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors. Proceeds from the fres

Zaggle's Rs 564 cr IPO opens on Sep 14, price band fixed at Rs 156-164

Fintech player Zaggle Prepaid Ocean Services on Monday set the price band for its Rs 564-crore initial share sale at Rs 156-164 apiece, a hefty 156-164 times of the face value of its shares. The initial public offering (IPO), which is opening on September 14, comprises a fresh issue of equity shares up to Rs 392 crore and an offer for sale (OFS) by promoters and a few external investors aggregating up to Rs 174 crore. Post-issue the promoter/promoter entities will hold around 42 per cent of the paid up equity, while selling shareholders will collectively pare their holdings by a tad over 8 per cent. Through the OFS, the founder and chairman Raj P Narayanam will sell just 0.02 per cent from his 44 per cent holding. Another promoter Avinash Ramesh Godkhindi, who is also the managing director of the city-based firm, will sell an equal amount of stake. External investor VenturEast Proactive Fund will sell a 2.17 per cent, while another external investor GKFF Ventures will pare only 0.02

Ratnaveer Precision up 37%, Fintech Zaggle sets price band of Rs 156-164

Fintech player Zaggle Prepaid Ocean Services on Monday set the price band for its Rs 564 crore-initial share sale at Rs 156-164 apiece

Infra firm EMS Ltd IPO subscribed by 14.99 times on second day of bidding

The Initial Public Offering (IPO) of water and sewerage infra player EMS Ltd got subscribed 14.99 times on the second day of bidding on Monday. The share sale received bids for 16,17,01,400 shares against 1,07,87,431 shares on offer, as per NSE data. The category for non-institutional investors was subscribed 29.68 times while the quota for Retail Individual Investors (RIIs) received 16.52 times subscription and that of Qualified Institutional Buyers (QIBs) was subscribed 67 per cent. The IPO has a fresh issue of up to Rs 146.24 crore and an offer for sale of up to 82,94,118 equity shares. The price range for the offer is Rs 200-211 a share. The company offers water and sewerage infra solutions, including laying the sewerage network to build sewerage and water treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan. EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors. Proceeds from the fresh issue will be used to fund working capital requireme

Samhi Hotels' Rs 1,370 cr IPO to open Sep 14 with price band of Rs 119-126

Samhi Hotels on Monday fixed the price band for its Rs 1,370-crore primary share sale that opens on Thursday at Rs 119-126 per share, which is 119-126 times its face value. The public issue comprises Rs 1,200 crore of fresh issue and an offer for sale (OFS) of up to Rs 170 crore at the upper end of the price band, Gurugram-based Samhi Hotels said in a statement. In a pre-IPO placement, external investor Blue Chandra had sold 10.32 million shares or 8.4 per cent of its stake to renowned investor Madhusudan Kela's wife Madhuri Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, for a total consideration of Rs 130 crore. Samhi acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it. In 13 years into business, it has added 369 keys in FY23 to become the third largest hotel owner by number of keys, taking the total number of keys to 4,800 across 31 operating hotels, which include its latest acquisition of ACIC last ...

Over 3 million: August demat additions highest in 19 months, shows data

The new additions in August were up 2.4 per cent month-on-month and were 47 per cent higher than the previous 12-month average of 2 million

Ratnaveer Precision Engineering IPO subscribed 93.96 times on last day

The Initial Public Offering (IPO) of Ratnaveer Precision Engineering Limited was subscribed 93.96 times on the last day of subscription on Wednesday, riding high on encouraging participation from institutional investors. The company is a stainless steel washer manufacturer and supplier. The share sale received bids for 110.76 crore shares against 1.17 crore shares on offer, as per NSE data. The portion for non-institutional investors was subscribed 135.20 times and that of Qualified Institutional Buyers (QIBs) received 133.05 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 53.95 times. The IPO was a combination of fresh issue and offer for sale. The public issue of 1,68,40,000 equity shares had a fresh issue of 1,38,00,000 equity shares and an offer for sale of up to 30,40,000 equity shares. Price range for the offer was Rs 93-98 a share. Unistone Capital was the manager to the offer.

Jupiter Life Line Hospitals IPO subscribed 87% on Day 1 of bidding

The Initial Public Offering (IPO) of multi-specialty hospital chain Jupiter Life Line Hospitals was subscribed 87 per cent on the first day of bidding on Wednesday. The IPO received bids for 73,84,800 shares against 84,97,169 shares on offer, according to NSE data. The category for non-institutional investors received 1.43 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.10 times and the Qualified Institutional Buyers (QIBs) part was subscribed 1 per cent. The IPO has a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. Price range for the offer is Rs 695-735 per share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the 'Jupiter' brand with a total bed capacity of 1,194 as of December

2023 spells bonanza for IPO investors; only 1 out of 20 in the red

Avg listing day gain 34%; Avg IPO-to-date gain 46%