Page 23 - Latest Updates on IPO
Honasa Consumer IPO gains 4% on market debut, value hits Rs 10,850 cr
Many on the Street had raised concerns over Honasa's valuation and profitability track record
 "Honasa Consumer IPO gains 4% on market debut, value hits Rs 10,850 cr")
WeWork goes bankrupt after failing to recover from pandemic, failed IPO
WeWork's collapse into bankruptcy is the culmination of a years-long saga for the company, which was once the biggest office tenant in Manhattan
 "WeWork goes bankrupt after failing to recover from pandemic, failed IPO")
Protean eGov Tech IPO receives full subscription on Day 1 of offer
The Rs 490-crore IPO, with a price band of Rs 752-792 per share, will conclude on November 8
 "Protean eGov Tech IPO receives full subscription on Day 1 of offer")
Accent Microcell files draft papers with NSE Emerge to float public offer
Out of the total proceeds from the fresh issue, the company proposes to invest Rs 48.39 crore in the current financial year and Rs 6 crore in FY25 towards the establishment of Unit-III
 "Accent Microcell files draft papers with NSE Emerge to float public offer")
E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO
Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.'s Flipkart in helping smaller merchants source their goods, will make an operating profit within 18 months
 "E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO")
Cello World makes strong debut, lists at 28% premium over issue price
The stock of the houseware company listed at Rs 831, a 28 per cent premium over its issue price of Rs 648 per share on the BSE
 "Cello World makes strong debut, lists at 28% premium over issue price")
Street signs: Bulls charge ahead, IPO stars shine bright, and more
Shares of Mankind Pharma, SBFC Finance, and Fusion Micro Finance are likely to attract attention as the lock-in periods related to their initial public offerings (IPOs) come to an end
 "Street signs: Bulls charge ahead, IPO stars shine bright, and more")
Protean eGov Technologies raises Rs 144 crore from anchor investors
The price band for the IPO is Rs 752-792 per share. Allotment to anchor investors was done at Rs 792 apiece. At the top-end, Protean is valued at around Rs 3,200 crore
 "Protean eGov Technologies raises Rs 144 crore from anchor investors")
ESAF Small Finance Bank IPO subscribed 1.74 times on first day of offer
Proceeds of the fresh issue will be utilised to augment the bank's Tier-1 capital base
 "ESAF Small Finance Bank IPO subscribed 1.74 times on first day of offer")
Exchanges announce Muhurat Trading session; Blue Jet IPO subscribed 8x
Blue Jet's IPO comprises only secondary share sale worth Rs 840 crore
 "Exchanges announce Muhurat Trading session; Blue Jet IPO subscribed 8x")
Honasa Consumer IPO to open on Oct 31; sets price band at Rs 308-324/share
The company said it is on the cusp of an increase in profitability trajectory with business model efficiency and operating leverage setting in
 "Honasa Consumer IPO to open on Oct 31; sets price band at Rs 308-324/share")
IRM Energy makes weak debut, lists at 5% discount against issue price
Shares of IRM Energy listed at Rs 477, a 5 per cent discount against its issue price of Rs 505 per share on the National Stock Exchange
 "IRM Energy makes weak debut, lists at 5% discount against issue price")
Vijay Kirloskar threatens to move CVC in TD Power IPO disclosure matter
Says latest disclosure made by company dishonest, issue cannot be termed sub-judice
 "Vijay Kirloskar threatens to move CVC in TD Power IPO disclosure matter")
JM Baxi Ports' Rs 2,500 crore IPO hangs fire amid promoter family feud
The ports and logistics major was in the process of filing DRHP last year
Stationery player Cello World sets IPO price band at Rs 617-648 per share
The issue will open for public subscription on October 30 and conclude on November 1, and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus
 "Stationery player Cello World sets IPO price band at Rs 617-648 per share")
Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report
As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.
 "Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report")
This newly listed stock has zoomed nearly 100% against its issue price
Shares of Plaza Wires were locked in the upper circuit for the sixth straight day on the BSE
 "This newly listed stock has zoomed nearly 100% against its issue price")
Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times
The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer
 "Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times")
InGovern Research Services writes to Sebi over TD Power IPO disclosures
Proxy firm says regulator should probe omissions of material facts and misstatements in 2011 IPO prospectus
 "InGovern Research Services writes to Sebi over TD Power IPO disclosures")
MCX shares hit record highs; Krystal Integrated Services files IPO papers
Krystal Family Holdings owns 100 per cent stake in the company
 "MCX shares hit record highs; Krystal Integrated Services files IPO papers")
