Page 97 - Ipos

HMIL's IPO shows our commitment to India, says Hyundai chief Chung

South Korean auto major Hyundai Motor Company is taking the next big step with the IPO of its Indian arm which shows its commitment to the country, Hyundai Motor Group Executive chair Euisun Chung said on Tuesday. Speaking at the listing ceremony of Hyundai Motor India Ltd (HMIL) here, Chung also said that the IPO also shows HMIL is a key part of India. Shares of Hyundai Motor India Ltd made a muted market debut and further fell by nearly 6 per cent against the issue price of Rs 1,960. The Rs 27,870-crore initial public offer of Hyundai Motor India Ltd, which had a price band of Rs 1,865-1,960 per share, was subscribed 2.37 times on the last day of the bidding on Thursday, helped by institutional buyers. With this fundraising, HMC has diluted its stake by 17.5 per cent in HMIL. This was the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Initial Public Offer (IPO) was entirely an Offer For Sale (OFS) of 14,21,94,700 equity shares by promo

Investors flock to Deepak Builders IPO; Subscription soars 7x, GMP up 30%

Deepak Builders IPO garnered the highest participation from Retail Individual Investors (RIIs), who subscribed for 10.40 times

Waaree Energies IPO Day 2: GMP up 100%, subscription soars 5x; invest now?

The unlisted shares of Waaree Energies continue to command a solid premium in the grey market, reflecting favorable market sentiments for the public issue.

Market Today: Hyundai India IPO listing; RBI says festive demand intact

On Wall Street, both the Dow Jones Industrial Average and S&P 500 closed lower, retreating from record highs as Treasury yields increased.

Hyundai Motor India IPO GMP recoups before listing: What should you expect?

Shares of Hyundai Motor India are expected to make their debut on the bourses on October 22, 2024. Here's what the GMP trends suggest about the listing

Investors subscribe Waaree Energies' IPO 3.29 times offer size on day 1

The initial public offer of solar panel maker Waaree Energies Ltd was subscribed 3.29 times on the first day of share sale on Monday, driven by encouraging participation from non-institutional and retail investors. The Rs 4,321.44 crore initial share sale received bids for 6,92,83,467 shares against 2,10,79,384 shares on offer, as per NSE data. The portion for non-institutional investors received 7.98 times the subscription, while the category for retail individual investors (RIIs) fetched 3.16 times the subscription. The quota for qualified institutional buyers (QIBs) subscribed 8 per cent. Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors. The issue, with a price band of Rs 1,427 to Rs 1,503 per share, will remain open for public subscription from October 21 to October 23. The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer For Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore, at the up

Deepak Builders IPO receives 4.12 times subscription on 1st day of offer

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of subscription on Monday. The Rs 260 crore initial public offer received bids for 3,69,59,389 shares against 89,67,061 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 6.12 times subscription while the category for non-institutional investors got subscribed 4.26 times. The Qualified Institutional Buyers (QIBs) part attracted 52 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. Price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book running lead manager to the offer.

Niva Bupa Health Insurance, Paras Healthcare get Sebi's nod to float IPOs

Health insurer Niva Bupa Health Insurance Company Ltd and Paras Healthcare Ltd, which runs the hospital chain under the 'Paras Health' brand, have received Sebi's go ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Monday. Niva Bupa Health Insurance Company is looking to garner Rs 3,000 crore through an initial share sale involving fresh issuance of equity shares and Offer for Sale (OFS) component. Paras Healthcare is aiming to raise Rs 400 crore through fresh issuance of equity shares, besides there is an OFS component. The two companies, which filed their draft IPO papers with the Securities and Exchange Board of India (Sebi) during July-August, obtained its observations on October 18, the update showed. In Sebi's parlance, obtaining observation means its go ahead to float the public issues. The equity shares of both companies proposed to be listed on the BSE and NSE. Going by the draft papers, the proposed IPO of Niva

Afcons Infrastructure fixes price band of Rs 440-463 per share for IPO

Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Monday said it has fixed a price band of Rs 440-463 per share for its Rs 5,430-crore Initial Public Offering (IPO), which will open for subscription on October 25. The IPO is a mix of fresh issue worth up to Rs 1,250 crore and an offer of sale up to Rs 4,180 crore, Afcons Infrastructure said here. The issue will close on October 29. The issue price has been fixed in the range of Rs 440-463 apiece and investors can bid for a minimum of 32 equity shares and in multiples of 32 thereafter, the company said. The proceeds from fresh issuance to the extent of Rs 80 crore will be utilised for capital expenditure for purchase of construction equipment; Rs 320 crore for funding long term working capital requirements and Rs 600 crore for prepayment or scheduled repayment of a portion of certain outstanding borrowings, among others, it said. Investors including GIC Singapore, Enam Holdings (Akash Bhanshali), Synergy Capital, 360 One,

Brokerages bullish on Waaree Energies IPO: GMP up 100%; should you bid?

The unlisted shares of Waaree Energies are trading at a premium of Rs 1,510, or 100.47 per cent, over the upper price band in the grey markets, reflecting favourable sentiment for the public issue

Deepak Builders IPO opens today: GMP up 30%; should you park you money?

Deepak Builders IPO opens for public subscription with a GMP of 30 per cent from the upper end of issue price: Should you subscribe? Here's what brokerages recommend

Market Today: Q2 nos., China lowers lending rates, S&P 500 & Dow at record

China lowered its key benchmark lending rates by 25 basis points in the monthly fixing. The People's Bank of China (PBOC) reduced the 1-year loan prime rate (LPR) to 3.1% and the 5-year LPR to 3.6%

Street signs: Waaree's blaze of glory, timing is everything and more

Waaree is India's largest manufacturer of solar photovoltaic modules, boasting the largest aggregate installed capacity of 12 gigawatt

HDB Financial Services aiming to raise up to Rs 12,500 cr via IPO

Last month HDFC Bank approved raising Rs 2,500 crore through an issue of shares in the IPO, marking the group's first public float in six years

SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO

Defence equipment manufacturer SMPP Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 4,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 580 crore and an offer for sale (OFS) of equity shares worth up to Rs 3,420 crore by promoter Shiv Chand Kansal, according to the draft red herring prospectus (DRHP) filed on Friday. At present, Kansal holds 50 per cent stake in the company. The company may consider a pre-IPO placement of securities valued at Rs 116 crore. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue will be utilised primarily for capital expenditure of Rs 437.04 crore, which includes constructing buildings, land development, and procuring plant and machinery for a planned ammunition manufacturing facility through investment in a subsidiary. The remaining amount will be allocated for general corporate purposes. SMPP is a

Shapoorji Pallonji's Afcons Infra to float Rs 5,430 cr IPO on Oct 25

Shapoorji Pallonji Group's infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25. The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the red herring prospectus (RHP). The company will announce the price band for the IPO next week. The infrastructure firm's Rs 5,430-crore IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Private Limited. The offer size has been reduced following a pre-IPO fundraising. In the March draft papers, the company had initially planned to raise Rs 7,000 crore through the initial share sale. Currently, promoter and promoter group entities own a 99 per cent stake in Maharashtra-based Afcons Infrastructure. The company will utilise Rs 80 crore from the fresh issu

Striking gold: I-bankers earn record Rs 493 cr from Hyundai Motor India IPO

Fees from handling equity share sales hit Rs 3K cr in 2024

This recently listed stock has zoomed 98% against issue price in 2 weeks

Shares of Diffusion Engineers surged 12% to Rs 333.20 on the BSE in Friday's intra-day trade, and have zoomed 98% against its issue price of Rs 168 per share.

QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x

The IPO received bids for 236 million shares, worth Rs 46,320 crore, as against 99.77 million on offer

Vishal Mega Mart files updated draft IPO papers with Sebi, eyes Rs 8,000 cr

The proposed IPO will be entirely an offer-for-sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares