Page 133 - Ipos

SoftBank's Arm aims for over $52 bn valuation in biggest US IPO of the year

SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range

Jio Financial recovers losses; EMS sets price band at Rs 200-211 for IPO

In the pre-IPO placement round, the Ghaziabad-based firm raised Rs 33.76 crore

NSE seeks an extension of six months from Sebi to pare NSDL stake

Timeline to comply with Sebi regulations ends on October 2

Rishabh Instruments IPO subscribed 31.65 times on last day of bidding

The Initial Public Offering (IPO) of global energy efficiency solution company Rishabh Instruments was subscribed 31.65 times driven by heavy demand from institutional buyers on the last day of bidding on Friday. The IPO received bids for 24,65,71,162 shares against 77,90,202 on offer, as per the NSE data. The category for Qualified Institutional Buyers (QIBs) received a whopping 72.54 times subscription, while the quota for non-institutional investors got subscribed 31.29 times and Retail Individual Investors (RIIs) 8.44 times. The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an Offer For Sale (OFS) of up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor. The company has fixed a price band for the IPO at Rs 418-441 per share. On Tuesday, the company said it raised Rs 147.23 crore from anchor investors. Proceeds from the issue worth Rs 59.50 crore will be used towards financing the expansion of its manufacturi

Rishabh Instruments IPO subscribed by 2.46 times on Day 2 of offer

The initial public offer of global energy efficiency solution company Rishabh Instruments was subscribed 2.46 times on the second day of the offer on Thursday. The Initial Public Offer (IPO) received bids for 1,91,33,738 shares against 77,90,202 shares on offer, as per the NSE data. The category for Non-Institutional Investors (NIIs) was subscribed 4.65 times, while the portion for Retail Individual Investors (RIIs) was subscribed 2.79 times. The quota for Qualified Institutional Buyers (QIBs) was subscribed 22 per cent. The offer was subscribed 73 per cent on the first day of subscription on Wednesday. The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an Offer For Sale (OFS) of up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor. The company has fixed a price band for the IPO at Rs 418-441 per share. On Tuesday, Rishabh Instruments said it has raised Rs 147.23 crore from anchor investors. Proceeds from the

Jupiter Life Line Hospital IPO to open for public subscription on Sep 6

The initial share sale of multispecialty hospital chain Jupiter Life Line Hospitals will open for public subscription on September 6. The three day initial public offering (IPO) will conclude on September 8 and the bidding for anchor investors will open on September 5, according to the red herring prospectus (RHP). The IPO comprises fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. Earlier this month, Jupiter Hospital mobilised Rs 123 crore from institutional investors in the pre-IPO round and accordingly the fresh issue size was reduced. Proceeds of the fresh issue will be utilised to retire debt. Besides, funds will be used 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 2022. Jupiter Hospital, which has a strategic focus on the western India healthcare market, is

Aeroflex makes stellar debut, lists at 83% premium over its issue price

Backed by famous investor Ashish Kacholia, Aeroflex made a strong debut on exchanges as shares listed at 83% premium of Rs 197.4 over its issue price of Rs 108 per share on the BSE

Inox India files IPO papers with Sebi, with OFS of up to 2.21 cr shares

Cryogenic tank maker Inox India Ltd has filed preliminary papers with capital market regulator Sebi to mop up funds through an initial public offering. The Initial Public Offering (IPO) is entirely an Offer For Sale (OFS) of up to 2.21 crore shares by its existing shareholders and promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday. Those offering shares in the OFS are Siddharth Jain, Pavan Kumar Jain Nayantara Jain, Ishita Jain, and Manju Jain. Since the issue is completely an OFS, the Vadodara-based company will not receive any proceeds and all the funds will go to the selling shareholders. Explaining the reason for going public, the company said it is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for 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 installati

Rishabh Instruments IPO subscribed 73% on Day 1, received 5.6 mn bids

The Initial Public Offering (IPO) of global energy efficiency solution company Rishabh Instruments was subscribed 73 per cent on the first day of subscription on Wednesday. The IPO received bids for 56,75,008 shares against 77,90,202 shares on offer, as per the NSE data. The category for Non-Institutional Investors (NIIs) was subscribed 1.24 times, while the portion for Retail Individual Investors (RIIs) was subscribed 92 per cent. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent. The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an Offer For Sale (OFS) of up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor. Asha Narendra Goliya, Narendra Rishabh Goliya (HUF), Rishabh Narendra Goliya, and SACEF Holdings II will offload shares of the company in the OFS. The company has fixed a price band for the IPO at Rs 418-441 per share. Rishabh Instruments on Tuesday said that it has raised Rs

University of Notre Dame sells 3% stake; Vishnu Prakash IPO subscribed 88x

The company was looking to issue Rs 309 crore in fresh capital through the IPO

Medi Assist files IPO papers with Sebi again; public issue entirely an OFS

Medi Assist Healthcare Services has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial share sale. This is the company's second attempt to go public. Earlier, it had filed draft papers with the Securities and Exchange Board of India (Sebi) in May 2011, for floating an IPO but deferred the maiden public issue amid pandemic-induced rough market conditions. According to the fresh draft red herring prospectus (DRHP) filed on Friday, the initial public offering (IPO) is entirely an offer for sale of up to 2.8 crore equity shares of Medi Assist by promoters and existing shareholders. Those selling shares in the offer for sale include Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity Fund I. Since the issue is completely an OFS, the company will not receive any proceeds and all the funds will go to the selling shareholders. Explaining

Swiggy restarts IPO plans, aims for July-Sept 2024 stock market listing

Swiggy in May said its core food delivery business had turned profitable, nine years after starting operations, even as its newer grocery delivery service, Instamart, continues to make losses

Sebi initiates 3rd tranche of distribution of disgorged amount in IPO cases

Capital markets regulator Sebi on Thursday said it has initiated the third tranche of distribution of nearly Rs 15 crore to 2.58 lakh investors from the disgorged amount in the matter of IPO irregularities observed during 2003-2005. The regulator has already distributed Rs 23.28 crore in April 2010 and Rs 18.06 crore in December 2015, according to a release. The capital markets watchdog has been distributing funds among eligible investors from the money collected by it through disgorgement orders in cases of irregularities in the Initial Public Offerings (IPO). The regulator had investigated certain irregularities in the shares issued through 21 IPOs during the period 2003-2005 before their listing on the stock exchanges. Following the completion of the investigations, the Securities and Exchange Board of India (Sebi) directed certain persons to disgorge the illegal gains. Under the chairmanship of former Judge of the Supreme Court of India D P Wadhwa, a committee was set up which

Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times

Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share

SoftBank-owned Arm files for IPO in US, could be biggest in nearly 2 years

At $10 billion, the listing could be the largest in the US since electric-vehicle maker Rivian Automotive Inc's $13.7 billion offering in October 2021

Park Hotels owner files draft papers with Sebi to raise Rs 1,050 cr via IPO

Apeejay Surrendra Park Hotels Ltd, which runs hotels under the "The Park" brand, has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,050 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 650 crore and an offer for sale (OFS) of equity shares to the tune of Rs 400 crore by promoters and investor shareholders, according to the draft red herring prospectus (DRHP) filed on Saturday. Those offering shares in the OFS are Apeejay Surrendra Trust, Apeejay Pvt Ltd, RECP IV Park Hotel Investors Ltd, and RECP IV Park Co-Investors Ltd. At present, promoters and promoter group members hold a 94.18 per cent stake in the company, and the two investors own 5.82 per cent shareholding in the firm. Proceeds of the fresh issue would be utilised toward the payment of debt and for general corporate purposes. The company operates hospitality assets under its brands, The Park, The Park Collection, Zone by The Park, Zone .

TVS Supply Chain IPO subscribed 2.78 times on last day of subscription

The Initial Public Offer (IPO) of TVS Supply Chain Solutions, part of TVS Mobility Group, was subscribed 2.78 times on the last day of subscription on Monday. The Rs 880 crore IPO received bids for 6,98,68,624 shares against 2,51,22,289 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed 7.60 times, while the quota for non institutional investors received 2.35 times subscription. The category for Qualified Institutional Buyers (QIBs) got subscribed 1.35 times. The IPO had a fresh issue aggregating up to Rs 600 crore and an offer for sale of up to 1,42,13,198 equity shares. The IPO had a price range of Rs 187-197 per share. TVS Supply Chain Solutions on Wednesday said it has mobilised Rs 396 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for inorganic growth strategy and

Redcliffe Labs aims to scale up operations, go public in 2025-26: Founder

Diagnostics platform Redcliffe Labs is looking to scale up its operations with 250 laboratories and 10,000 collection centres by 2025 and plans to go public in 2025-26, according to its founder and Managing Director Dheeraj Jain. The company, which commenced operations in 2018, has 81 laboratories and over 2,000 collection centres in small cities and towns. Redcliffe Labs, which has raised USD 80 million so far, has set an ambitious target of having 700 laboratories and 25,000 collection centres by 2027-28. In an interaction with PTI, Jain said the short-term target is to have 10,000 collection centres and 250 laboratories by 2025. He noted that the majority of the expansion will be in Tier II, Tier III and Tier IV locations across states like Uttar Pradesh, Madhya Pradesh, Rajasthan, Bihar, Jharkhand and Chattisgarh which have less developed infrastructure for diagnostics. "We are also looking at simplifying the reports with AI technology, going deeper in states where we are pres

RK Swamy files DHRP with SEBI; first-ever IPO by integrated marketing firm

Integrated marketing services firm RK Swamy Ltd has filed draft papers with capital markets regulator Sebi to mobilize funds through an initial public offering (IPO). The company's IPO comprises a fresh issue of shares aggregating up to Rs 215 crore and an offer for sale (OFS) of up to 87 lakh equity shares by selling shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS are -- Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund LP, and Prem Marketing Ventures LLP. The funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes. Also, the funds would be utilized for investment in the IT infrastructure development of RK Swamy Ltd, and its subsidiaries, Hansa Research and Hansa Customer Equity. RK Swamy Ltd is the largest Indian majority-o

Should you subscribe to TVS Supply Chain IPO? Here's what brokerages say

The objective of the issue is repayment of outstanding borrowings and general corporate purposes