Page 19 - Latest Updates on IPO
Transform Rural India to list on SSE; Nova Agri IPO subscribed 109 times
The SSE enables investors subscribe to zero coupon zero principal (ZCZP) bonds of non-profit organisations (NPOs), which are backed with robust standards of social impact and financial reporting
 "Transform Rural India to list on SSE; Nova Agri IPO subscribed 109 times")
Market regulator Sebi probing three IPOs for inflating subscriptions
MUMBAI (Reuters) -India's market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received
 "Market regulator Sebi probing three IPOs for inflating subscriptions")
AC-maker EPACK Durable IPO subscribed 77% on first day of subscription
The Initial Public Offering (IPO) has a fresh issue of Rs 400 crore and an offer-for-sale of up to 1,04,37,047 equity shares. The IPO has a price range of Rs 218-230 a share
 "AC-maker EPACK Durable IPO subscribed 77% on first day of subscription")
Bansal Wire Industries files draft papers to mobilise Rs 745 crore via IPO
The maiden public issue is an entirely fresh issue of equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday
Bansal Wire Industries files draft papers to mobilise Rs 745 cr via IPO
Steel wire manufacturer Bansal Wire Industries Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 745 crore through an Initial Public Offering (IPO)
 "Bansal Wire Industries files draft papers to mobilise Rs 745 cr via IPO")
Reddit may launch IPO in March, nearly 3 years since its initial filing
Delays in IPO launch may be due to unstable market conditions and Reddit's goal to 'come closer to profitability'
 "Reddit may launch IPO in March, nearly 3 years since its initial filing")
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
 "Reddit to launch IPO, first social media offering since Pinterest, in March")
KRN Heat Exchanger files draft papers with Sebi to raise funds via IPO
KRN Heat Exchanger and Refrigeration Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO)
 "KRN Heat Exchanger files draft papers with Sebi to raise funds via IPO")
Officer's Choice whisky maker Allied Blenders files IPO papers with Sebi
The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs 500 crore by promoters
Medi Assist healthcare IPO subscribed 54% on first day of bidding
Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners
 "Medi Assist healthcare IPO subscribed 54% on first day of bidding")
Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years
Flipkart Internet, the marketplace arm of the e-commerce giant, recently reported a 42 per cent growth in operating revenue for FY23 at Rs 14,845 crore
 "Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years")
Ahead of IPO, Medi Assist mobilises Rs 351 crore from anchor investors
The company has allotted 84.08 lakh equity shares to 36 funds at Rs 418 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website
Jyoti CNC Automation IPO booked 38.5x on last day of subscription
Sebi warns Fortis for delaying disclosures about lawsuit in US
 "Jyoti CNC Automation IPO booked 38.5x on last day of subscription")
Road to listing may get easier: Sebi expert panel for relaxing IPO norms
India Inc may get more flexibility to alter issue size, bring in promoter contribution
 "Road to listing may get easier: Sebi expert panel for relaxing IPO norms")
Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing
The Sajjan Jindal-led JSW group is likely to list its cement business after the general elections
 "Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing")
Sebi puts Manappuram Finance's arm Asirvad Micro Finance IPO on hold
Reacting to the development, shares of Manappuram Finance plunged as much as 7.45% to a low of Rs 163.40 apiece on the BSE on Wednesday
Medi Assist Healthcare fixes price band for IPO at Rs 397- Rs 418
Bids for the offer can be made for a minimum of 35 equity shares and in multiples of 35 thereafter
 "Medi Assist Healthcare fixes price band for IPO at Rs 397- Rs 418")
Tata Group to explore IPO for its auto component arm, Tata Autocomp Systems
Tata Autocomp Systems is wholly owned by Tata Group entities, with Tata Sons holding approximately 21%, and the remaining stake held by Tata Industries Ltd
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
 "Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr")
Sequoia-backed MobiKwik refiles DRHP with Sebi for Rs 700 crore IPO
Previously, in 2022, MobiKwik planned to raise Rs 1,900 crore through its IPO, comprising a fresh issue of shares of up to Rs 1,500 crore and an offer for sale of up to IRs 400 crore
 "Sequoia-backed MobiKwik refiles DRHP with Sebi for Rs 700 crore IPO")
