Page 134 - Ipos

Shorter IPO timeline to become effective from December 1, says Sebi

At present, it takes six working days (T+6) for an IPO to list

NIIT Learning valued at Rs 5,000 cr; Concord Biotech IPO subscribed 25x

Shares of NIIT Learning Systems-demerged from NIIT-finished at Rs 374 during their trading debut on Tuesday

Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2

Concord had allotted shares worth Rs 465 crore to anchor investors at Rs 741 per share, the top-end of the price band

BLS E-Services files draft papers with Sebi to garner funds via IPO

BLS E-Services Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is a subsidiary of BLS International Services Ltd, which offers visa and consular services. The IPO comprises a fresh issue of 2.41 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be utilized for strengthening technology infrastructure to develop new capabilities and consolidating existing platforms. In addition, fresh capital will be used for funding initiatives for organic growth by setting up BLS Stores, achieving inorganic growth through acquisitions, and general corporate purposes. BLS E-Services Ltd is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass root levels in India. The company provides a

SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered

At the top end, SBFC will be valued at Rs 6,066 crore on a post-dilution basis

Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?

Concord Biotech IPO: The stock is commanding a 20 per cent premium in the grey market, as per ipowatch.com

Mamaearth's parent Honasa Consumer gets Sebi's nod to float IPOs

Honasa Consumer and Indegene filed their preliminary IPO papers with Sebi in December 2022

Aeroflex Industries gets Sebi's clearance to raise money through IPO

Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator Sebi's go ahead to raise funds through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities -- Sat Industries and Italica Global FZC, according to the draft red herring prospectus (DRHP). The OFS comprises sale of 1.23 crore shares by Sat Industries Ltd and up to 52 lakh shares by Italica Global FZC. At present, Sat Industries owns 92.18 per cent stake in the company, while Italica Global FZC holds 6.52 per cent stake. "We have been informed by Aeroflex Industries Ltd, our subsidiary, that it has got clearance from the Securities and Exchange Board of India (Sebi) for its IPO, subject to the submission of requisite documents as per the final observation letter dated July 31," Sat Industries said in a regulatory filing on ...

After missing 1st shot at listing, firms re-file DRHPs with lower size

Investment bankers said smaller issues are a relatively easy pitch for investors

World's biggest market for under-$100 million IPOs booms in India

SME IPO boom followed dismal performance of insurer Life Insurance Corporation of India and delivery startup Delhivery, two biggest share sales of 2022. They are down about 33% and 18%, respectively

Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr

The offer consists of fresh issue of shares worth up to 5.75 billion rupees ($70 million) and an offer for sale of up to 4.1 million shares, according to the draft herring prospectus

IPO-bound Ola Electric recorded $136 million loss in FY23: Report

The e-scooter maker last year in June issued a statement saying it was "on track to surpass $1 billion run rate by end of this year" and "the future forecast looks even stronger."

IPO of Yatharth Hospital subscribed 1.1 times on first day of issue

For the year ended March 2023, the company had reported net profit of Rs 66 crore on revenues of Rs 520 crore

Should you subscribe to Yatharth Hospital's IPO? Here's what brokerages say

Yatharth Hospital IPO: In the grey market, the hospital chain's share is commanding a 20 per cent premium over its upper price band of Rs 300

Vinsys IT Services set price band at Rs 121-128/share; IPO to open on Aug 1

IT and software services company Vinsys IT Services India on Tuesday said it has set a price band of Rs 121-128 per share for its initial public offering, which will hit the capital market on August 1. The public issue will conclude on August 4. The proceeds from the fresh issue will be utilised for meeting working capital requirements, repayment of loan to a subsidiary and general corporate purpose. The company shares will be listed on SME Emerge platform of the National Stock Exchange after the Initial Public Offering (IPO), the company said in a statement. The firm plans to offer 3.89 million equity shares with a face value of Rs 10 each through the book-building process. The company will raise up to Rs 49.84 crore through the public offering. Marquee investors such as NAV Capital Emerging Star Fund, xMultiplied, Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments have invested in the company's pre-IPO funding. For the fiscal year ending March 31

TVS Supply Chain Solutions obtains approval from Sebi to launch its IPO

TVS Supply Chain plans raise Rs 750 crore in fresh capital through the IPO

Yatharth Hospital IPO on Jul 26, sets price band at Rs 285-300/share

Yatharth Hospital & Trauma Care Ltd has set a price band of Rs 285-300 per share for its initial share sale, which will open for public subscription on July 26, according to market sources. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, according to the red herring prospectus (RHP). The IPO comprises a fresh issue of equity shares aggregating up to Rs 490 crore and an offer-for-sale (OFS) of up to 65.51 lakh equity shares by the company's promoters and promoter group entities. The firm intends to utilize the net proceeds for repayment of debt, funding capital expenditure expenses, funding inorganic growth initiatives through acquisition and other strategic initiatives, and for general corporate purposes. At the upper end of the price band, the issue is expected to fetch Rs 677 crore and at the lower end Rs 687 crore. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors

IPO of Netweb Technologies garners more than 90 times subscription

The IPO consists of a fresh fund raise of Rs 206 crore and an offer-for-sale of Rs 425 crore

Netweb Technologies IPO subscribed 9.14 times on second day: NSE data

The Initial Public Offering (IPO) of Netweb Technologies was subscribed 9.14 times on Tuesday, the second day of the offer. The Rs 631 crore-initial share sale received bids for 8,09,39,130 shares against 88,58,630 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 18.09 times while the portion for retail individual investors got subscribed 8.77 times and qualified institutional buyers quota was subscribed 2.66 times. The IPO was subscribed 2.33 times on the first day on Monday. The three-day IPO has a fresh issue of up to Rs 206 crore and an offer for sale of up to 85 lakh equity shares. The price band has been fixed at Rs 475-500 per share. On Friday, the homegrown server maker said it has collected Rs 189 crore from anchor investors. Proceeds of the fresh issue to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, and Rs 22.5 crore for debt payment, besides

Netweb Tech IPO sails through on day 1; here's what brokerages recommend

Netweb Tech IPO: The company has a fixed price band between Rs 475-Rs 500 per share. The issue will close on Wednesday, July 19