Page 32 - Latest Updates on IPO
Mankind Pharma's Rs 4,326-crore IPO garners bids worth Rs 50,000 crore
The Rs 4,326-cr offering garnering bids worth nearly Rs 50,000 cr
 "Mankind Pharma's Rs 4,326-crore IPO garners bids worth Rs 50,000 crore")
Alibaba slashes Cloud prices by 50% to drive adoption before IPO
The price cuts are one way for the company to attract more customers, said Zhang Yi, who tracks China's cloud computing sector at research firm Canalys
 "Alibaba slashes Cloud prices by 50% to drive adoption before IPO")
PE firms prune NSE holdings by 24% in Q4 amid uncertainty over IPO
As per latest shareholding data, SAIF Partners, Acacia Banyan Partners, Ontario Teachers, and Deccan Value Investors have cut their exposure by as much as 24 per cent
 "PE firms prune NSE holdings by 24% in Q4 amid uncertainty over IPO")
Mankind Pharma's Rs 4,326-crore IPO: Issue subscribed 14% on Day 1
The company's IPO closes on Thursday
 "Mankind Pharma's Rs 4,326-crore IPO: Issue subscribed 14% on Day 1")
Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO
Canada Pension Plan Investment Board (CPPIB), the Government of Singapore, SBI Multi Cap Fund, and Fidelity Investment Trust were some investors who were allotted shares under the anchor quota
 "Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO")
Street signs: Defence stocks may rise, Mankind Pharma IPO, and more
After having recorded seven straight months of outflows, equity savings schemes are expected to witness a change of fortune in the months ahead
 "Street signs: Defence stocks may rise, Mankind Pharma IPO, and more")
Top headlines: Amritpal arrested, Reliance withdraws RNEL merger proposal
Business Standard brings you top headlines at this hour
 "Top headlines: Amritpal arrested, Reliance withdraws RNEL merger proposal")
Global IPO market shows signs of life even as recession fears persist
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia
 "Global IPO market shows signs of life even as recession fears persist")
Mankind Pharma's Rs 4,326-crore initial public offering to open April 25
The offering is entirely a secondary share sale by promoters, global private equity firm Cairnhill and some other investors of the firm
 "Mankind Pharma's Rs 4,326-crore initial public offering to open April 25")
Deal activity declines 35% to $9.7 bn in March 2023 quarter: Report
The main reason for the poor show was the tepid IPO market, which plunged to USD 84.4 million from USD 1 billion in Q1 of 2022
 "Deal activity declines 35% to $9.7 bn in March 2023 quarter: Report")
Online used to be 99% of revenues, share is coming down: FreshToHome CEO
'If you look at it, the size of the industry is around Rs 3 trillion, which is roughly around $50 billion'
 "Online used to be 99% of revenues, share is coming down: FreshToHome CEO")
Blackstone arm to launch India's first retail REIT, raise Rs 4,000 cr
The retail REIT public offer is expected to raise around Rs 4,000 crore, of which Rs 1,600 crore would be primary public offerings
 "Blackstone arm to launch India's first retail REIT, raise Rs 4,000 cr")
Blackstone-backed Nexus Select likely to launch retail REIT IPO in May
Global investment firm Blackstone-sponsored Nexus Select Trust is likely to launch India's first retail REIT public offer in early May to raise up to Rs 4,000 crore
 "Blackstone-backed Nexus Select likely to launch retail REIT IPO in May")
Fintech firm BankBazaar.com plans to go public in next 12-18 months
Prior to the IPO, BankBazaar is planning to raise a round of capital and has appointed ICICI Securities to advice it on the same
 "Fintech firm BankBazaar.com plans to go public in next 12-18 months")
We will continue to hold 30% in Manipal Health: Manipal group chairman
In a Q&A, Dr Ranjan Pai also confirms that Manipal Health will look for a listing going forward
 "We will continue to hold 30% in Manipal Health: Manipal group chairman")
IPO of Avalon Technologies subscribed 2.21 times on final day of offer
The offer comprised new shares worth Rs 320 crore and an offer for sale component of Rs 545 crore
Go Digit General Insurance re-files preliminary IPO papers with Sebi
This came after Sebi returned Go Digit's draft IPO (Initial Public Offering) papers on January 30 and asked the company to refile the documents with certain updates
 "Go Digit General Insurance re-files preliminary IPO papers with Sebi")
Avalon Technologies' IPO gets subscribed 9% on second day of offer
The IPO comprises a fresh issue of aggregating Rs 320 crore and an offer for sale of up to Rs 545 crore by promoters and existing shareholders
 "Avalon Technologies' IPO gets subscribed 9% on second day of offer")
ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24
Pegs capital need at Rs 1,000 cr for three years
 "ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24")
Avalon Tech, largest IPO so far this calendar year, subscribed 8% on day-2
Issue closes tomorrow; firm had allotted shares worth Rs 389 cr to anchor investors Nomura Trust, Ashoka India Opportunities Fund, Goldman Sachs and Neuberger Berman
 "Avalon Tech, largest IPO so far this calendar year, subscribed 8% on day-2")
