Page 28 - Latest Updates on IPO
Aeroflex Industries IPO subscribed 6.69 times on first day of offer
The IPO has a fresh issue of up to Rs 162 crore and an offer for sale of up to 1.75 crore equity shares
 "Aeroflex Industries IPO subscribed 6.69 times on first day of offer")
Fintech firm Zaggle garners Rs 25 cr from ValueQuest in pre-IPO round
Zaggle filed its draft papers with capital markets regulator Sebi in December 2022 to raise funds through an IPO
 "Fintech firm Zaggle garners Rs 25 cr from ValueQuest in pre-IPO round")
Aeroflex Industries garners Rs 104 cr from anchor investors ahead of IPO
The company has decided to allocate 95.99 lakh equity shares to 15 funds at Rs 108 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website
 "Aeroflex Industries garners Rs 104 cr from anchor investors ahead of IPO")
Shares of Concord Biotech ends 27% higher in debut at $1 bn valuation
The Ahmedabad, Gujarat-based company opened at 900.05 rupees, a 21.5% premium to its initial public offer (IPO) price of 741 rupees
Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times
The company has 152 branches spread across 120 cities and 16 Indian states
Happy Forgings files IPO papers to raise Rs 1,200-1,300 cr with Sebi
Also, the company may consider a pre-IPO placement of shares aggregating up to Rs 100 crore. If such placement is completed, the fresh issue size will be reduced
Fundraising through SME IPOs hits a new high in 2023, shows data
The SME segment is for smaller enterprises raising lower amounts, while the mainboard is for listing larger, more mature companies
 "Fundraising through SME IPOs hits a new high in 2023, shows data")
TVS Supply Chain IPO subscribed 2.8 times on last day of subscription
The company had earlier raised Rs 396 crore from 18 anchor investors
 "TVS Supply Chain IPO subscribed 2.8 times on last day of subscription")
Citi sells TaMo shares worth Rs 2,089 cr, TVS Supply Chain subscribed 55%
The price band for the TVS Supply Chain IPO is Rs 187 to Rs 197 per equity share
Satellite TV firm Tata Play reports Rs 105 cr loss in FY23, plans IPO
Investor sentiment for offering may dampen due to company's performance, says one banker
 "Satellite TV firm Tata Play reports Rs 105 cr loss in FY23, plans IPO")
Should you subscribe to TVS Supply Chain IPO? Here's what brokerages say
The objective of the issue is repayment of outstanding borrowings and general corporate purposes
 "Should you subscribe to TVS Supply Chain IPO? Here's what brokerages say")
TVS Supply Chain Solutions prepares for initial share sale: R Dinesh
The initial share sale comprises Rs 600 crore of fresh issue and Rs 280 crore sale by the promoters
Amazon in talks to become anchor investor in SoftBank's Arm IPO: Report
Arm, owned by SoftBank Group Corp., is gearing up for what promises to be the biggest tech IPO of the year. It's spent months talking to some of its top customers about joining the offering
 "Amazon in talks to become anchor investor in SoftBank's Arm IPO: Report")
Apple, Samsung to invest in SoftBank's Arm at IPO in Sept: Report
Arm plans to sell the chipmakers stakes of "a few percent each", the report said
 "Apple, Samsung to invest in SoftBank's Arm at IPO in Sept: Report")
SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered
At the top end, SBFC will be valued at Rs 6,066 crore on a post-dilution basis
SBI Mutual Fund listing off the focus, says chairman Dinesh Khara
SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion
 "SBI Mutual Fund listing off the focus, says chairman Dinesh Khara")
Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL
Going by the draft papers, NSDL's proposed initial public offering (IPO) is a complete offer-for-sale (OFS) of more than 5.72 crore equity shares by existing shareholders
Aeroflex Industries gets Sebi's clearance to raise money through IPO
The OFS comprises sale of 1.23 crore shares by Sat Industries Ltd and up to 52 lakh shares by Italica Global FZC
 "Aeroflex Industries gets Sebi's clearance to raise money through IPO")
Jhunjhunwala-backed Concord Biotech eyes to raise Rs 1,550 cr through IPO
The late Rakesh Jhunjhunwala-backed firm sets price band of Rs 705-Rs 741 a share
Fedbank Financial Services to raise up to Rs 1,400 cr from IPO this year
Fedbank Financial Services is aiming to raise up to Rs 1,400 crore through an Initial Public Offering (IPO) by the end of 2023, a top official at its promoter entity Federal Bank has said
