Page 17 - Latest Updates on IPO
Birla AMC promoters to sell 11.47% to raise about Rs 1.4K crore
The Aditya Birla Group, which holds a 50 per cent stake in the AMC, will offload 5 per cent, while Sun Life, which has a 36.48 per cent, will sell the remaining 6.47 per cent stake in the OFS
 "Birla AMC promoters to sell 11.47% to raise about Rs 1.4K crore")
Baazar Style Retail files draft papers with Sebi to raise funds via IPO
The proposed IPO is a combination of a fresh issue of equity shares worth Rs 185 crore and an Offer for Sale (OFS) of up to 16.8 million by promoter group entities and other selling shareholders
 "Baazar Style Retail files draft papers with Sebi to raise funds via IPO")
Popular Vehicles' IPO gets subscribed 1.23 times on last day of bidding
The Rs 601.55 crore-IPO received bids for 1,77,74,350 shares against 1,44,15,110 shares on offer, as per NSE data
 "Popular Vehicles' IPO gets subscribed 1.23 times on last day of bidding")
Sebi board may ease IPO norms, approve same-day settlement framework
Exemption to certain FPIs from granular disclosures, passive funds from single co exposure also on anvil
 "Sebi board may ease IPO norms, approve same-day settlement framework")
Tata Group stocks fall amid IPO uncertainty, m-cap plunged by Rs 27,385 cr
Tata Investment Corporation and Artson Engineering fell 5 per cent each
 "Tata Group stocks fall amid IPO uncertainty, m-cap plunged by Rs 27,385 cr")
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
 "Gopal Snacks booked 9x on final day, received bids for 10.80 crore shares")
Street Signs: Easing the IPO fervor, Long road to mkt hour extension, more
The Brokers' Industry Standards Forum (ISF) is confronted with the formidable task of uniting a divided house on the matter of extending market hours
 "Street Signs: Easing the IPO fervor, Long road to mkt hour extension, more")
M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more
Shares of Mukka Proteins, an aqua feed producer, surged more than 50 per cent during their trading debut on Thursday
 "M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more")
No deficiencies in unit's loan sanctioning after RBI's action: JM Financial
The RBI reviewed the company's books, which showed it had repeatedly helped a group of its customers to bid for various IPO and non-convertible debenture offerings by using loaned funds
 "No deficiencies in unit's loan sanctioning after RBI's action: JM Financial")
JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects
The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022
 "JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects")
Fairfax-backed Go Digit receives Sebi's approval to raise funds via IPO
Proceeds from the fresh issuance would be utilised for the augmentation of the company's capital base and maintenance of solvency levels and for general corporate purposes
 "Fairfax-backed Go Digit receives Sebi's approval to raise funds via IPO")
RK Swamy IPO: All you need to know about this Rs 423 cr share sale
RK Swamy IPO: The Company's share sale opens today and closes on March 06. Investors can subscribe to the issue in the price band of Rs 270-288 per share.
 "RK Swamy IPO: All you need to know about this Rs 423 cr share sale")
IPO craze: Three firms to collectively raise Rs 1,325 crore next week
The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals
Bharat Highways InvIT IPO subscribed 8 times on last day of offer
The portion for institutional investors got subscribed 8.92 times and the other investors' portion received 6.93 times subscription
Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach
Buch-who oversees India's $4.7 trillion equities market-doesn't plan to rest on her laurels and has set out an ambitious goal such as moving towards instantaneous settlement cycle for secondary market
 "Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach")
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
 "Tata Group eyeing $1-2 bn IPO of electric vehicle arm in 12-18 mths: Report")
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
 "Juniper Hotels IPO subscribed 2.07 times on concluding day of the issue")
Novelis IPO in US SEC: A potential booster for base metals major Hindalco
The monetisation proceeds could be used to fund ongoing capex for Novelis' Bay Minette facility
 "Novelis IPO in US SEC: A potential booster for base metals major Hindalco")
GPT Healthcare sets price band at Rs 177-188 for IPO opening on Feb 22
The company revealed the price band for its upcoming initial public offering (IPO), set at Rs 177 to 188 per share
 "GPT Healthcare sets price band at Rs 177-188 for IPO opening on Feb 22")
Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P
Company to benefit from infusions by the Tata group and planned IPO, says rating agency
 "Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P")
