Page 8 - Latest Updates on IPO
Saraswati Saree shares hit 5% lower circuit for 2nd day after solid listing
In two days since listing, Saraswati Saree share price is down 9.7 per cent. It, however, is 18.5 per cent higher than its issue price of Rs 160
 "Saraswati Saree shares hit 5% lower circuit for 2nd day after solid listing")
Share market today: Gap-up seen on Fed Sept rate cut hope;Jackson Hole eyed
Share market today: Sensex and Nifty are likely to edge higher amid positive global cues. Check out Nifty levels and key triggers for trade
 "Share market today: Gap-up seen on Fed Sept rate cut hope;Jackson Hole eyed")
Ireda to float FPO of Rs 4,500 crore; firm to take nod in meeting on Aug 29
The only green NBFC had launched its IPO in December 2023, move in line with sector's growth
 "Ireda to float FPO of Rs 4,500 crore; firm to take nod in meeting on Aug 29")
Alphabet-backed NBFC Aye Finance to launch Rs 2k cr IPO in a year: Report
Focused on small and medium enterprises, Aye Finance has roped in four arrangers for its upcoming IPO
TruAlt Bioenergy files IPO papers with Sebi as it aims to mop up Rs 750 cr
Based in Bengaluru, TruAlt Bioenergy focuses on ethanol production, with a daily production capacity of 1,400 kilolitres
 "TruAlt Bioenergy files IPO papers with Sebi as it aims to mop up Rs 750 cr")
Xolopak India files draft papers with NSE Emerge to mobilise funds via IPO
The IPO comprises a fresh issuance of 52,86,000 equity shares, each with a face value of Rs 10 each
 "Xolopak India files draft papers with NSE Emerge to mobilise funds via IPO")
Street signs: A new charge to break resistance, Sebi casts the net, more
Sebi has proposed mandating that clearing corporations periodically pass on the interest income earned on cash collaterals to brokers
 "Street signs: A new charge to break resistance, Sebi casts the net, more")
Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO
While a majority of the company's projects are located in the Mumbai Metropolitan Region (MMR) and Pune, Maharashtra, it has two ongoing projects in Hyderabad, Telangana and Noida, Uttar Pradesh
 "Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO")
IPO-bound OYO reports first ever net profit of Rs 229 crore in FY24
OYO's adjusted Ebitda grew by 215 per cent to reach nearly Rs 877 crore in FY24, up from about Rs 277 crore in FY23, the travel tech platform reported in its annual report
 "IPO-bound OYO reports first ever net profit of Rs 229 crore in FY24")
Ola Electric's impressive stock market debut putting Modinomics to test
The Bengaluru-based startup is being closely watched as a proxy for the country's factory ambitions
 "Ola Electric's impressive stock market debut putting Modinomics to test")
Interarch Building Products Ltd to open Rs 600-cr IPO on August 19
The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 4.447 mn shares valued at Rs 400 crore, at the upper end of the price band
 "Interarch Building Products Ltd to open Rs 600-cr IPO on August 19")
Inventurus Knowledge Solutions files draft papers for IPO, seeks Sebi's nod
Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders
Stock derivatives now under surveillance norms; FirstCry to debut on Tue
According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%
 "Stock derivatives now under surveillance norms; FirstCry to debut on Tue")
Pre-IPO allotments lose favour amid market buoyancy and larger float sizes
Opt to sell shares during IPO instead on hopes of better valuations
OYO's parent Oravel Stays raises Rs 1,457 crore in latest funding round
The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at Rs 29, consistent with the valuation of the recent raise in Series G
 "OYO's parent Oravel Stays raises Rs 1,457 crore in latest funding round")
Lemon Tree plans to list its subsidiary Fleur Hotels to reduce debt
The management of the hotel chain told investors on its conference call that 90% of its debt lies in Fleur Hotels
 "Lemon Tree plans to list its subsidiary Fleur Hotels to reduce debt")
Ola Electric Mobility rises 20% on debut on electric vehicle optimism
Firm's valuation at Rs 40K cr despite tepid response to IPO
 "Ola Electric Mobility rises 20% on debut on electric vehicle optimism")
FirstCry IPO subscribed 12 times; Ceigall India slips on stock market debut
FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others
FirstCry's parent Brainbees Solutions IPO subscribed 11% on Day 1 of offer
The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares
 "FirstCry's parent Brainbees Solutions IPO subscribed 11% on Day 1 of offer")
Ceigall India's IPO subscribed 13.75 times on last day of share sale
The Rs 1,252.66-crore initial share sale received bids for 30,68,91,912 shares against 2,23,13,663 shares on offer, as per NSE data
 "Ceigall India's IPO subscribed 13.75 times on last day of share sale")
