Page 135 - Ipos

Utkarsh SFB's offer is second IPO to be subscribed over 100x in a fortnight

Sold 102 times, attracts bids over Rs 30,000 cr as institutional portion is subscribed 125x

IIFL Securities says 80 companies have lined up initial public offerings

As many as 80 companies, including India First Life Insurance, Snapdeal, Tata Technologies, Netweb Technologies and Go Digit Insurance, have lined up Initial Public Offerings (IPOs), brokerage firm IIFL Securities' President Nipun Goel said on Thursday. According to him, the IPO market has been fairly active over the last three months. and was kick-started by Mankind Pharma with its Rs 4,326 crore-offer that was very well received by investors and importantly, the shares traded strong post listing. Since then, Goel said, five more IPOs have been successfully completed and there is an expectation for a number of IPOs to be launched in the next 4-8 weeks. "As of date, there are approximately 80 companies wherein draft offer documents have been filed with regulator Sebi and we expect several of them to tap the market over the next couple of months," Goel said. He noted that capital raising is expected to be broad-based across multiple sectors, including financial services, healthcare

Utkarsh Small Finance Bank IPO: Should you subscribe to the lender's offer?

Utkarsh Small Finance IPO: The price band for the issue, which runs between July 12 and July 14, has been fixed as Rs 23-25 per share

Reliance Industries rallies on finance unit listing, retail buyback plans

The buyback of the small number of non-promoter shares is effectively a clean-up of the shareholding before any eventual IPO of the retail venture, JPMorgan Chase & Co. said in a note

Utkarsh SFB, NSDL: IPO market revival still some time away, say analysts

Most of these offers are coming right now because their regulatory deadlines, to bring the IPOs, are about to lapse, cautioned analysts

Street Signs: Jolt for unlisted markets, Utkarsh SFB GMP at 60%, and more

IPOs of some of the recent small finance banks (SFBs) have not done so well. However, Utkarsh SFB looks set to buck the trend

National Securities Depository files DRHP with Sebi to float IPO

As of June 2023, NSDL handled 32.3 million demat accounts with underlying assets of Rs 338 trillion

IPO-bound Yatharth Hospital raises Rs 120 cr from institutional investors

Yatharth Hospital & Trauma Care on Saturday said it has raised Rs 120 crore from institutional investors in a pre-IPO placement round, leading to a reduction in the fresh issue size in the upcoming initial share-sale. "Our company, in consultation with the book running lead managers, has undertaken a pre-IPO placement of 40 lakh equity shares for cash for Rs 300 per equity share aggregating to Rs 1,200 million (pre-IPO placement)," Yatharth Hospital said in a public notice. In the pre-IPO placement round, the company has allotted 20 lakh equity shares amounting to Rs 60 crore to Plutus Wealth Management LLP and 10 lakh equity shares worth Rs 30 crore to Think India Opportunities Master Fund LP. In addition, shares to the tune of Rs 13 crore have been allotted to Rosy Blue Diamonds Pvt Ltd, and shares worth Rs 10 crore and Rs 7 crore allocated to Vikas Vijaykumar Khemani and Viraj Russell Mehta , respectively. Following this, the size of the fresh issue has been reduced by Rs 120 ..

Sensex ends 33 pts down in choppy trade; HDFC duo drops 3%, Maruti up 3.5%

Closing Bell on July 5, 2023: The Nifty50 ended at 19,399 level, up 10 points or 0.05 per cent, rising for a seventh consecutive session

Mankind Pharma's success boosts hopes of more consumer IPOs in India

The company, which raised Rs 4,330 crore ($528 million) in India's second-largest new share sale this year, has seen its shares jump 57% in almost two months, drawing a rush of buy calls from analysts

Jewellery retail major Senco IPO price band at Rs 301-317 per share

Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3, according to the Red Herring Prospectus. The bids have to be made for a minimum of 47 shares of Rs 10 each and multiples thereof. The Senco IPO comprises a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale of equity shares to the tune of Rs 135 crore by selling shareholder SAIF Partners India IV Ltd, the RHP said. At present, SAIF Partners has 19.23 per cent stake in the jewellery retail chain. It will be offloading its stake by 8-9 per cent in this issue, Senco managing director and CEO Suvankar Sen said. Another PE fund sponsored by the Oman Investment Authority and State Bank of India which has invested Rs 75 crore in the Kolkata-base

No IPO without regulator mandates: MD & CEO, Tata AIA Life Insurance

In a Q&A, Naveen Tahilyani explains how focussing on retail has paid off. He says he expects new business premium for the retail segment to grow at 30%

Cyient DLM IPO subscribed 67.30 times on last day of subscription

The Initial Public Offer (IPO) of electronic manufacturing services firm Cyient DLM got subscribed 67.30 times on the last day of subscription on Friday amid an overwhelming interest from investors. The share sale got bids for 89,73,16,952 shares against 1,33,32,297 shares on offer, according to an update available with NSE. The quota for Qualified Institutional Buyers (QIBs) received 90.44 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 49.20 times. The portion for non-institutional investors got subscribed 45.05 times. The IPO had a fresh issue aggregating up to Rs 592 crore. There was no offer-for-sale (OFS) component. The company's IPO had a price band of Rs 250-265 a share. Cyient DLM had mobilised Rs 260 crore from anchor investors. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as general corpo

Hospitality firm PKH Ventures IPO subscribed 6% on day 1 of offer

The initial share sale of construction and hospitality firm PKH Ventures got subscribed 6 per cent on the first day of subscription on Friday. The IPO received bids for 15,59,400 shares against 2,56,32,000 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 13 per cent subscription while the portion for non institutional investors got subscribed 10 per cent. The public issue of up to 2,56,32,000 equity shares of face value of Rs 5 each has a fresh issue of up to 1,82,58,400 shares and an Offer for Sale (OFS) of up to 73,73,600 shares by its promoter, Pravin Kumar Agarwal. The company through its IPO will fetch Rs 358.85 crore and Rs 379.35 crore at the lower and the upper ends of the price band, respectively. Price range for the offer is Rs 140-148 a share. The initial public offering (IPO) will conclude on July 4. The Mumbai-based company has three business verticals -- construction and management, hospitality, and management ...

Short & sweet: Reduced IPO timeline to boost investor participation

Faster fund release will allow retail investors to apply for multiple issues, say experts

IPO fundraising shrinks, block deals robust during first half of CY23

So far in 2023, 7 companies have completed their IPOs and raised a cumulative Rs 6,910 crore. By comparison, 16 companies had raised a record Rs 40,310 crore during the same period last year

Top headlines: No TCS on credit card use overseas, Kempner's loan to Byju's

Business Standard brings you the top headlines at this hour

Stock market holiday for Bakri Eid shifted to Thursday instead of Wednesday

The rescheduling of the holiday led to changes to the timelines for derivatives expiry as well as initial public offerings

HMA Agro Industries IPO subscribed 98% on Day 3, NIIs subscribe 1.92 times

The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries received 98 per cent subscription on the third day of offer on Thursday. The Rs 480 crore-IPO received bids for 59,46,150 shares against 60,54,054 shares on offer, according to data available with the NSE. The category for non institutional investors was subscribed 1.92 times, Qualified Institutional Buyers (QIBs) portion received 1.04 times subscription and Retail Individual Investors (RIIs) 54 per cent. The company's IPO has a fresh issue of up to Rs 150 crore and an offer of sale of up to Rs 330 crore. Price range for the IPO is at Rs 555-585 a share. The company proposes to utilise the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes. The shares of the company will be listed on both BSE and NSE. Aryaman Financial Services is the manager to the offer.

Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of Rs 250-265 per share for its initial public offering (IPO), which will open for subscription on June 27. The initial share sale will conclude on June 30 and the bidding for anchor investors will open on June 26, the company said in a statement. Cyient DLM's IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component. The company has already undertaken a private placement of 40.75 lakh equity shares worth Rs 108 crore. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as for general corporate purposes. The company said that 75 per cent of the issue has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for the retail .