Page 24 - Latest Updates on IPO
Share lock-in period of nearly 17 IPOs to end this month, shows data
In most cases, it is the end of the 30-day lock-in period that anchor investors (on half their shares) have to observe
 "Share lock-in period of nearly 17 IPOs to end this month, shows data")
Stock price of these 5 recently listed IPOs hit lowest levels since debut
The stock price of Sai Silks (Kalamandir) (down 10% at Rs 220.05) and Updater Services (down 3% at Rs 276.16) fell below their issue price in intra-day trade on Monday.
 "Stock price of these 5 recently listed IPOs hit lowest levels since debut")
Joyalukkas to open 40 new showrooms in India, abroad in next 2 years
The company is also preparing for an IPO (initial public offering) for further expansion of its business, he said
 "Joyalukkas to open 40 new showrooms in India, abroad in next 2 years")
Mop-up via pre-IPO placements hits at least 6-year high, shows data
Amount close to Rs 1,000 crore in 2023; bankers say deals now happening closer to IPO price
 "Mop-up via pre-IPO placements hits at least 6-year high, shows data")
Valiant Labs freezes at upper circuit on debut; up 22% over issue price
At 10:03 AM; shares of Valiant Labs were locked at the 5 per cent upper circuit at Rs 170.25, up 22 per cent over its issue price of Rs 140 per share.
 "Valiant Labs freezes at upper circuit on debut; up 22% over issue price")
EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price
A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS have changed hands in first 25 minutes of trade on the NSE and BSE.
 "EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price")
Citi India sees $22 billion in equity capital deals in 2023, says CEO
"Given the interest in India as a market, at some point people will look at both organic and inorganic way to come into the market," Khullar said
 "Citi India sees $22 billion in equity capital deals in 2023, says CEO")
Reliance Retail Ventures plans another stake sale of $250-300 million
The funds divested in Reliance Retail amount to 11.31 per cent of the stake, for which investors have forked out Rs 57,562 crore
 "Reliance Retail Ventures plans another stake sale of $250-300 million")
Updater Services makes muted market debut, falls 6% below issue price
The stock made its debut at Rs 299.90, lower by 0.03 per cent from the issue price on the BSE. During the day, it declined 6 per cent to Rs 282. The stock ended at Rs 283.85 apiece, down 5.38 per cent
Updater Services makes weak debut; lists 5% below issue price
Shares got listed at Rs 285, a 5 per cent below its issue price of Rs 300 per share on the National Stock Exchange.
 "Updater Services makes weak debut; lists 5% below issue price")
Azad Engineering Ltd submits application for Rs 740 cr IPO with Sebi
Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO)
Popular Vehicles and Services Ltd files IPO papers with Sebi again
Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale
 "Popular Vehicles and Services Ltd files IPO papers with Sebi again")
Agilus Diagnostics files draft papers with Sebi to raise funds via IPO
Since the IPO is entirely an OFS, the entire proceeds will go to the existing shareholders
 "Agilus Diagnostics files draft papers with Sebi to raise funds via IPO")
IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore
Rally in small and midcap funds leads to a spurt in activity
 "IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore")
Updater Services IPO subscribed 2.9 times on final day of subscription
The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data
Oyo to report first profitable quarter in Q2 FY24 at Rs 16 crore PAT
The company's revenue from operations in FY23, Agarwal added, stood at approximately Rs 5,463 crore in FY23 up from Rs 4,781 crore in FY22, marking a 14 per cent increase
 "Oyo to report first profitable quarter in Q2 FY24 at Rs 16 crore PAT")
Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh
In March, the regulator had extended the deadline from March 31 to September 30
 "Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh")
JSW Infra IPO subscribed 43%; SME stocks to come under surveillance
Updater Services IPO subscribed 6 per cent on day 1
 "JSW Infra IPO subscribed 43%; SME stocks to come under surveillance")
Brokerages recommend JSW Infra IPO, cite firm's govt contracts among risks
Sajjan Jindal company is the third listing by the JSW Group and it comes after a gap of 13 years
 "Brokerages recommend JSW Infra IPO, cite firm's govt contracts among risks")
Regulatory relook: Move to push firms away from in-house RTAs on the cards
Sebi looking to increase networth requirement, other measures; may float discussion paper
 "Regulatory relook: Move to push firms away from in-house RTAs on the cards")
