Page 173 - Ipos

Paytm set to break into top 10 most-valued financial stocks in India

According to investment banking sources, the company is eyeing a valuation of between $20 billion and $25 billion

Paytm files DRHP for Rs 16,600-cr IPO; fresh issue size at Rs 8,300 cr

Ant Financial, Alibaba, Elevation Capital V, Saif III Mauritius, Svf Panther (Cayman) and Bh International Holdings are looking to offload some part of their shares through the OFS

Zomato IPO subscribed nearly 5 times with still a day to go; HNI part lags

Bids garnered for 3.45 billion shares, worth Rs 26,000 crore so far; retail portion was subscribed 4.73 times

Zomato is serving its pricey IPO at the time of a cold tech war in India

The final shape of the country's emerging digital economy is still unclear, writes Andy Mukherjee.

Shri Bajrang Power and Ispat files Rs 700-cr IPO papers with Sebi

Integrated steel company Shri Bajrang Power and Ispat Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 700 crore through an initial share-sale

Jana Small Finance Bank gets Sebi's go-ahead to float IPO

Jana Small Finance Bank has received markets regulator Sebi's go-ahead to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, according to the draft red herring prospectus (DRHP). Those selling shares in the offer for sale include Bajaj Allianz Life Insurance Company, Hero Enterprise Partner Ventures, ICICI Prudential Life Insurance Company, Enam Securities, North Haven Private Equity Asia Platinum Pte Ltd, QRG Enterprises and Tree Line Asia Master Fund (Singapore) Pte Ltd. The small finance bank, which filed preliminary IPO papers with Sebi in April, obtained its observations on July 9, an update with Sebi showed on Monday. Sebi's observations are necessary for any company to launch public issues like IPO, follow-on public offer (FPO) and rights issue. According to merchant banking sources, the IPO is expected to fetch Rs

Paytm shareholders approve Rs 12,000 cr primary fundraise at company EGM

Vijay Shekhar Sharma declassified as promoter; the company will raise Rs 2,000 cr before IPO

GR Infra Projects, Clean Science IPOs subscribed close to 100x each

Attract bids worth over Rs 1.73 trillion

Facebook app head Fidji Simo joins Instacart as CEO effective Aug 2

Fidji Simo, Vice President and Head of the Facebook app, has quit the social network and is joining online grocery leader Instacart as its CEO effective August 2, ahead of its IPO

Former WhatsApp business head Neeraj Arora may rejoin Paytm Board: Sources

Arora, widely credited with the structuring of the Facebook and WhatsApp deal, was on the Paytm Board from 2015-2018

IPO deluge, muted Q1 show and Fed taper to weigh on FPI mood in near term

Large secondary sales likely as FPIs reallocate portfolios to IPOs; sharp rise in dollar could see them pull out of India

GR Infraprojects IPO: Here's all you need to know about the issue

A day ahead of the IPO, the company allocated 3.38 million shares at Rs 837 per share to 22 anchor investors and successfully raised Rs 283.3 crore

ECM fees in H1CY21 jump 25% to hit 10-year high of $126 mn amid IPO boom

IPOs by Indian companies totalled $3.9 billion in the first half of 2021, more than thrice the amount raised from the same period last year

Despite massive jump in M&As, IPOs, i-banking fees dip 10% to $438 mn in H1

Notwithstanding a massive spike in equity capital markets deals and a 37.4 per cent jump in M&As in H1 of 2021 at USD 55.1 billion, investment banking fees fell 10 per cent to USD 438 million, making it the lowest first half since 2016, industry data showed. Overall, SBI Caps has taken the top spot in the investment banking fee league tables with 9.5 per cent wallet share and USD 41.6 million in fees, according to Refinitiv, an LSG group entity, on Monday. Mergers and acquisitions (M&As) reached a three-year high of USD 55.1 billion in the first half, up 37.4 per cent y-o-y in the first half, Of this, cross-border M&As amounted to USD 21.73 billion across 210 deals, up from USD 16.02 billion across 195 deals, according to Refinitiv. Investment banking activities generated USD 437.9 million in the first half of 2021, a 10 per cent dip y-o-y, making it the lowest first half period since 2016 when it was USD 263.6 million, according to the Refinitiv data. Equity capital ...

Dodla Dairy, KIMS: Short-term investors should book profit, say analysts

For those who didn't get the IPO allotment, analysts say the business model, industry outlook, management acumen and valuations of these companies should be kept in mind before investing

Four companies to raise Rs 8,800 cr cumulatively in busy week for IPOs

Hyderabad-based Dodla Dairy and Krishna Institute of Medical Sciences announced their Rs 520-crore and Rs 2,144-crore IPOs on Friday

Street signs: New issues command attractive GMP, Religare stocks & more

The price band for Clean Science IPO is Rs 880-990 per share, while that for GR Infra is Rs 828 to 837 per share

LIC IPO: Govt likely to invite bids from merchant bankers this month

The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January, an official said. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO, which is touted to be the biggest public issue in Indian corporate history. The official further said the Budget amendments to the LIC Act have been notified and the actuarial firm would work out the embedded value of the life insurer in the next couple of weeks. Under the embedded value method, insurance companies' present value of future profit is also included in its present net asset value (NAV). "We will invite bids for appointment of merchant bankers in the next couple of weeks, the official said, adding discussions are going on with institutional investors. "We are hoping to get regulatory approvals by November-e

What Robinhood's IPO filing says about the traders in Reddit user base

The detailed breakdown of Robinhood's user base offers a glimpse at the individual traders gathering in online forums such as Reddit's WallStreetBets

India Pesticides likely to list at 15-19% premium, hints grey market trends

Analysts say the company's strong fundamentals, reasonable valuations and sectoral position are among factors that are likely to help the company debut on a positive note