Initial Public Offerings

Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold

Mobikwik IPO GMP today: Mobikwik shares were trading at Rs 415 apiece, reflecting a grey market premium (GMP) of Rs 136 or 48.75 per cent per share

The company said that a draft red herring prospectus has been filed in connection to the proposed IPO with BSE Ltd

Shares of BSE have surged more than 20 per cent in less than two weeks, defying concerns surrounding the Securities and Exchange Board of India's (Sebi's) new futures and options

Notable large deals during the period include Walton Street India Investment Advisors at $1.5 billion, and KiranaKart Technologies at $1.35 billion

Integrated diagnostic chain Suraksha Diagnostic Ltd on Tuesday said it has fixed a price band of Rs 420 to Rs 441 apiece for its Rs 846-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 29 and conclude on December 3 and the bidding for anchor investors will open for a day on November 28, the company announced. The Kolkata-headquartered company's IPO consists of an Offer-for-Sale (OFS) of 19,189,330 equity shares worth Rs 846.25 crore, at the upper end of the price band, by promoters and investor shareholders, with no fresh issue component. Under the OFS, promoters -- Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and investors -- OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal and Santosh Kumar Kejriwal will offload shares. Since the issue is completely an OFS, the company will not receive any proceeds and all the funds will go to the selling shareholders. Explaining the reason for going public, the company said it is

The initial public offering of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got fully subscribed on the third day of the share sale on Friday. The Rs 10,000-crore share sale received bids for 60,68,16,774 shares, as against 59,31,67,575 shares on offer, translating into 1.02 times subscription, as per NSE data till 11:27 hours. The portion for Retail Individual Investors (RIIs) got subscribed 2.70 times. The quota for Qualified Institutional Buyers (QIBs) fetched 75 per cent subscription, while the non-institutional investors part got subscribed 42 per cent. NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors. The initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue has a price band of Rs 102-108 per share. Proceeds from the IPO to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans and a portion will b

Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription. Quant Mutual Fund, Motilal Oswal Mutual Fund, LIC Mutual Fund, Abakkus Diversified Alpha Fund-2, Singularity Equity Fund I and Meru Investment Fund PCC Cell 1 are among the anchor investors, according to a circular uploaded on BSE's website. As per the circular, Enviro Infra Engineers has allotted over 1.31 crore equity shares to 22 funds at Rs 148 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 194.68 crore. The Rs 650-crore initial share sale will open for public subscription on November 22 and conclude on November 26. Shares will be available in the price range of Rs 140 to Rs 148 apiece. The city-based company's proposed IPO is a combination of a fresh issue of 3.87 cror

The regulator also sought views on whether the minimum application amount should be even higher at Rs 4,00,000

The hypermarket chain operator fell to as much as 1.99 dirhams ($0.54) per share in its Abu Dhabi trading debut, down 2.5 per cent from the offer price of 2.04 dirhams

Four companies, including pharmaceutical formulation firm Rubicon Research and TPG Capital-backed Sai Life Sciences, have received Sebi's go-ahead to raise at least Rs 3,000 crore collectively through Initial Public Offerings (IPOs), an update with the markets regulator showed on Wednesday. The other two firms that obtained the regulator's clearance are yarn manufacturer Sanathan Textiles and auto components maker Metalman Auto. Meanwhile, BMW Ventures, which filed its preliminary IPO papers in September, withdrew the documents on October 28. The four companies -- Rubicon Research, Sai Life Sciences, Sanathan Textiles and Metalman Auto -- which filed their draft IPO papers with Sebi during July and August, obtained the regulator's observations on October 31, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float public issues. The Rs 1,085-crore IPO of Rubicon Research is a combination of a fresh issue of equity shares worth Rs 500 crore and an O

Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about USD 11.3 billion. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore. Swiggy has set a price band of Rs 371 to Rs 390 per share for its maiden public issue. The issue will open for public subscription on November 6 and conclude on November 8. Speaking about the pricing, Swiggy Food Marketplace CEO Rohit Kapoor said, "We feel we have priced it right and we are looking forward to the next few days." The valuation of Swiggy has been pegged at about USD 11.3 billion (about Rs 95,000 crore) at the upper price band. Rival Zomato, which went public in July 2021, has a market valuation of Rs 2.13 lakh crore. "Our pricing is in the range of Rs 371-390 which corresponds to a value of about USD 11.3

The subscription window to bid for the Godavari Biorefineries IPO, which opened yesterday, is set to conclude tomorrow, Friday, October 25, 2024

Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from Oct. 28 to Nov. 5

Singapore's Temasek invests $60 million in Upgrad, maintaining a $2.25B valuation, while founder Ronnie Screwvala increases his stake to 45 per cent amid strategic changes for growth

Hyundai's compatriot LG Electronics Inc. is also reported to be preparing for a potential IPO of its Indian unit

Varindera Constructions has filed draft papers with capital markets regulator Sebi to mobilise Rs 1,200 crore through an initial share sale. The proposed IPO (Initial Public Offering) is a mix of fresh issue of equity shares valued at Rs 900 crore and an Offer For Sale (OFS) of shares worth Rs 300 crore by promoters, draft papers filed on Monday showed. Varinder Kumar Garg and Sushma Garg will offload shares worth Rs 201 crore and 99 crore, respectively under the OFS. Proceeds from the fresh issue will be utilised for the purchase of equipment, to support the working capital requirements of the company, payment of debt and for general corporate purposes. Varindera Constructions is an integrated Engineering, Procurement and Construction (EPC) company with experience in the construction of building projects, including residential units, and office complexes, as well as undertaking infrastructure projects such as metro depot and aircraft hangar. In the last 10 fiscal years (ended Mar

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs. Munish Aggarwal, Managing Director and Head - Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale. The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas, which is .

Indogulf Cropsciences Ltd, a manufacturer of crop protection products, plant nutrients, and biologicals, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Delhi-based company's IPO is a mix of fresh issues of up to Rs 200 crore and an Offer For Sale (OFS) of up to 38.55 lakh equity shares by selling shareholders. The offer also includes reservations for eligible employees, according to the Draft Red Herring Prospectus (DRHP). The OFS comprises the sale of 15.41 lakh equity shares by Om Prakash Aggarwal (HUF) and 23.14 lakh equity shares by Sanjay Aggarwal (HUF). Proceeds from the fresh issue to the extent of Rs 100 crore will be used for funding working capital requirements of the company; Rs 40 crore for payment of debt, Rs 14 crore for setting up an in-house dry flowable plant at Barwasni Sonipat, Haryana; and a portion will be used for general corporate purposes, as per the draft papers filed on ...

The initial public offering (IPO) of non-banking financial institution Northern Arc Capital Ltd received 110.71 times subscription on the closing day of the share sale on Thursday. The Rs 777-crore share sale received bids for 2,37,79,44,639 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 240.79 times, while non-institutional investors subscribed the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company has a price range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 ...