Page 20 - Latest Updates on IPO
Indian fintech funding declines 63%; raises total $2 bn: Tracxn Report 2023
Despite the decline, the Indian fintech sector has retained its position as the third-highest funded globally in 2023
 "Indian fintech funding declines 63%; raises total $2 bn: Tracxn Report 2023")
Sanstar files IPO papers with market regulator Sebi to raise funds
The company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced
 "Sanstar files IPO papers with market regulator Sebi to raise funds")
US-based fund manager Invesco marks up Swiggy's valuation to $8.3 billion
Besides Invesco, US-headquartered asset management firm Baron Capital had also marked up the value of its stake in Swiggy to $8.54 billion in August last year
 "US-based fund manager Invesco marks up Swiggy's valuation to $8.3 billion")
Cybersecurity firm TAC considering IPO in 2024 among options to raise funds
Company provides services to NPCI, BSE and NSE and has clients abroad
 "Cybersecurity firm TAC considering IPO in 2024 among options to raise funds")
Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics
Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata
 "Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics")
Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding
The funding saw participation from marquee investors, who include former HDFC chairman Deepak Parekh, HDFC Securities chairman Bharat Shah, and MD of Macleods Pharmaceuticals Rajendra Agarwal
 "Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding")
The SME IPO boom needs to last for the sake of future billionaires
The 161 businesses which are listed in the SME segment of Indian stock exchanges allocated nearly 94 per cent of the money raised to meet company requirements
 "The SME IPO boom needs to last for the sake of future billionaires")
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
 "SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO")
Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO
Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company
 "Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO")
Year Ender: 10 big events that shaped the Indian corporate world in 2023
From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant
 "Year Ender: 10 big events that shaped the Indian corporate world in 2023")
Firstcry's parent firm Brainbees Solutions files papers to go public
Firstcry IPO: Brainbees Solutions will sell shares worth Rs 1,816 crore and existing investors, including SoftBank, will sell up to 54.4 million shares
Half a dozen companies to get listed this week in Indian equity market
Analysts said the returns, despite the subscription, could be muted as market activity will be a bit tepid during the holiday season
 "Half a dozen companies to get listed this week in Indian equity market")
Bhavish Aggarwal set to offload 3.48% stake as part of Ola Electric's IPO
Ola Electric founder Bhavish Aggarwal will sell 47.4 million shares in the SoftBank-backed firm, contributing almost half of the OFS
 "Bhavish Aggarwal set to offload 3.48% stake as part of Ola Electric's IPO")
Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale
The Issue is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of Rs 10
 "Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale")
Emcure Pharmaceuticals refiles IPO papers to Sebi, trims issue size
The company had first submitted draft papers for its IPO in August 2021
 "Emcure Pharmaceuticals refiles IPO papers to Sebi, trims issue size")
RBZ Jewellers IPO to open on Tuesday with price set at Rs 95-100 per share
The three-day Initial Public Offering (IPO) will conclude on December 21, the company said in a statement. The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale component.
India Shelter IPO allotment: How to check status and refund process?
The investors who applied for the issue can check India Shelter IPO allotment status in the registrar's portal, and on the website of stock exchanges, BSE and NSE
 "India Shelter IPO allotment: How to check status and refund process?")
Muthoot Microfin IPO: Issue size, GMP, financials, should you apply?
Muthoot Microfin IPO: Shares of the company are trading at a premium of Rs 90 in the unlisted market, translating into a listing premium of 31 per cent
 "Muthoot Microfin IPO: Issue size, GMP, financials, should you apply?")
Suraj Estate IPO opens today: Price band at Rs 340 to Rs 360 per share
The shares of Suraj Estate Ltd are available at a premium of Rs 70 in the grey market on Monday, which is Rs 14 higher from its weekend GMP of Rs 56
 "Suraj Estate IPO opens today: Price band at Rs 340 to Rs 360 per share")
Ather Energy could launch IPO by FY25 end, earlier than initially planned
Launch of a family scooter and expansion of dealership network to help it increase market share
 "Ather Energy could launch IPO by FY25 end, earlier than initially planned")
