The IPO, which is entirely an offer for sale (OFS), will see Seoul-based parent LG Electronics divesting up to 101,815,859 equity shares of face value Rs 10 each from its Indian subsidiary
So far in 2024, 68 firms have raised over Rs 1 trillion through IPOs. This is only the second time after 2021 that IPO mop-up is crossing Rs 1 trillion
The main attraction of pre-IPO investing usually remains that it gives a chance to buy shares at a lower price compared to the price offered during the IPO
Maintaining its momentum, the Indian primary market is poised to captivate investors in the next week, with the launch of two mainline, and as many as eight SME initial public offerings (IPOs)
Prior to the public subscription period, Shree Tirupati Balajee IPO raised over Rs 50.90 crore from anchor investors.
In 2024 so far, 56 IPOs have raised Rs 65,000 crore, compared to just 20 IPOs raising slightly more than Rs 15,051 crore in the first eight months of 2023
The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.
Vraj Iron and Steel IPO has seen a strong demand, with the issue being subscribed 8.3 times on Day 2 by 12:30 PM
If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea
Falcon Technoprojects India IPO is a fixed price issue of Rs 13.69 crore. The issue is entirely a fresh issue of 14.88 lakh shares
23 firms raised Rs 23,393 crore in 2024 via this route, almost half compared to the previous year
Mobilisation of IPO in FY24 surged 58 per cent compared to FY23, excluding the mega LIC IPO
As of 3 pm, GPT Healthcare IPO was subscribed 30 per cent, led by retail investors, whose portion was subscribed over 50 per cent
Three companies -- Indo Farm Equipment Ltd, Vibhor Steel Tubes Ltd, and Saraswati Saree Depot Ltd -- have filed preliminary papers with capital markets regulator Sebi to raise funds through Initial Public Offerings (IPOs). Shares of these companies will be listed on the BSE and the NSE, as per draft papers filed with the Securities and Exchange Board of India (Sebi) on September 28 and 29. The proposed IPO of Indo Farm Equipment comprises fresh issue of 1.05 crore equity shares and an Offer For Sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia. Proceeds from the fresh issue will be used to set up new dedicated unit for expansion of the company's pick and carry cranes manufacturing capacity, payment of debt, investment in the company's NBFC subsidiary Barota Finance. Indo Farm Equipment manufactures tractors, pick and carry cranes, and other farm equipment. Vibhor Steel Tubes' maiden public issue is entirely a fresh issue of equity shares worth Rs 66.47 crore.
Utkarsh Small Finance IPO: The price band for the issue, which runs between July 12 and July 14, has been fixed as Rs 23-25 per share
Most of these offers are coming right now because their regulatory deadlines, to bring the IPOs, are about to lapse, cautioned analysts
Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products
Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode
All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr
Last month, Sebi decided to extend the validity by six-month for IPOs whose validity expire between March 1 and September 30.