Page 5 - Listing

Bharti Hexacom IPO subscribed nearly 30 times on the final day

The telecom operator's Rs 4,275-crore issue was the largest in nearly a year

Airtel's subsidiary Bharti Hexacom's IPO subscribed 1.12x on day 2 of offer

Bharti Hexacom's initial public offering received 1.12 times subscription on the second day of bidding on Thursday. This is the first public issue of the financial year 2024-25. The initial share sale of Bharti Hexacom received bids for 4,62,41,546 shares against 4,12,50,000 shares on offer, according to the NSE data. The category for non-institutional investors received 1.71 times subscription, while the portion for Retail Individual Investors (RIIs) got subscribed 1.15 times and the quota for Qualified Institutional Buyers (QIBs) got subscribed 82 per cent. On Tuesday, Bharti Airtel's arm Bharti Hexacom said it has collected about Rs 1,924 crore from anchor investors. The company had fixed a price band of Rs 542-570 per share. The company's Rs 4,275 crore IPO is entirely an offer of sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Bharti Hexacom will not receive any proceeds from t

Telecom services provider Bharti Hexacom's IPO subscribed 34% on day 1

Bharti Hexacom, a subsidiary of Bharti Airtel, operates in the Rajasthan and the Northeast telecommunication circles

Gopal Snacks booked 9x on final day, received bids for 10.80 crore shares

Ahead of the IPO, Gopal Snacks on Tuesday, 5 March 2024 raised Rs 193.94 crore from anchor investors. The board allotted 48.36 lakh shares at Rs 401 each to 19 anchor investors

Tata Group eyeing $1-2 bn IPO of electric vehicle arm in 12-18 mths: Report

As per the report, the Tata group is aiming for a $1-2 billion initial public offering (IPO) of the EV unit and the listing could happen in the next 12-18 months

Juniper Hotels IPO subscribed 2.07 times on concluding day of the issue

The company's Rs 1,800-crore IPO was entirely a fresh issue and was priced between Rs 342 to Rs 360 per share. At the top end of the price band, Juniper is valued at around Rs 8,000 crore

TV Mohandas Pai to chair panel to boost direct listing at Gift City

The committee will also advise on scaling global debt market in Gift City

India-listed multinational arms outclass parent firms' valuations

Trend may draw foreign companies to India listing, while existing players assess potential of monetising stakes

Smallcap selloff weighs on sentiment causing dull debut for new listings

Jana, Capital Small Finance Bank slip below IPO price

IT hardware distributor Rashi Peripherals lists 9% higher over issue price

Post listing, the stock hit a high of Rs 340 and a low of Rs 320.05 on the BSE. At 10:01 am; Rashi Peripherals was trading at Rs 334, up 7.5 per cent over its issue price

Best of BS Opinion: The listing dilemma, Public money, public policy & more

Here is the best of Business Standard's opinion pieces for today

The listing dilemma

When deciding between listing in India and the US, founders should prioritise long-term considerations over listing price

Japan's SoftBank takes 10% hit on fintech major Paytm as rout continues

Japanese firm gradually exiting its investment since Paytm IPO

IPO corner: Rashi subscribed 60 times and Jana SFB booked 18 times

The company is a leading distributor of global brands in the computing and communication space

Jana Small Finance Bank IPO subscribed 88% on first day of bidding

The offer comprises of fresh issue of equity shares aggregating up to Rs 462 crore and offer for sale of up to 26,08,629 equity shares

Nova Agritech shares jump nearly 43.39% to Rs 58.79 in debut trade

The stock listed at Rs 56, up 36.58 per cent from the issue price on the BSE. It later jumped 43.39 per cent to Rs 58.79

SME listings to undergo changes, AIBI to review eligibility, framework

Industry body forms committee to review networth threshold

Reddit to launch IPO, first social media offering since Pinterest, in March

It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB

Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr

Earlier in 2021, it had targeted to raise Rs 1,900 cr but withdrew due to weak market conditions

SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO

PI Opportunities Fund-1 is expected to offload over 36 per cent stake and Mahindra & Mahindra would sell over 5 per cent stake as part of the IPO