Page 15 - Initial Public Offering (ipo)
Dee Development Engineers IPO subscribed 8.99 times on Day 2 of offer
The initial public offer of piping solutions provider DEE Development Engineers got subscribed 8.99 times on the second day of subscription on Thursday. The Rs 418 crore initial share sale received bids for 13,42,84,887 shares against 1,49,44,944 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 21.71 times while the category for Retail Individual Investors received 8.41 times subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 16 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares. The price range for the offer is fixed at Rs 193-203 per share. Dee Development Engineers Ltd on Tuesday said it has mobilised a little over Rs 125 crore from anchor investors. Of the Rs 325 crore fresh issue proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding working capital requirements, and the remaining Rs 75 crore will
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Hyundai's IPO poised to boost already-buzzing Indian automakers' valuations
Local auto stocks have already added $70 billion in market value so far this year, rising nearly 40 per cent - over four times the advance in the country's equity benchmark
 "Hyundai's IPO poised to boost already-buzzing Indian automakers' valuations")
Vraj Iron and Steel's IPO to open on Jun 26, eyes to raise Rs 171 cr
Vraj Iron and Steel is set to raise Rs 171 crore through its initial share-sale, which opens for public subscription on June 26. The three-day initial public offering (IPO) will conclude on June 28 and the bidding for anchor investors will open for a day on June 25, according to the red herring prospectus (RHP). The company will use the IPO proceeds for expansion project at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing of sponge iron, MS (Mid Steel) billets, and TMT (Thermo Mechanical Treatment) bars. It operates through two manufacturing plants at Raipur and Bilaspur in Chhattisgarh. After implementation of the expansion project, the company expects to increase its aggregate installed capacity from 231,600 tonne per annum (TPA) to 500,100 TPA and captive power plants' aggregate installed capacity from 5 MW to 20 MW, the RHP noted. Aryaman Financial Services is the sole book running lead manager, while Bigshare Servic
 "Vraj Iron and Steel's IPO to open on Jun 26, eyes to raise Rs 171 cr")
Hyundai IPO: How does HMIL compare with Tata Motors, Maruti Suzuki, M&M?
Hyundai Motor India IPO: How does Hyundai compare with Indian listed peers? Check key metrics here
 "Hyundai IPO: How does HMIL compare with Tata Motors, Maruti Suzuki, M&M?")
Akme Fintrade IPO opens today; check price band, GMP, lot size here
The subscription for Akme Fintrade IPO opens on June 19, 2024, and closes on June 21, 2024. The price band for the IPO is set at Rs 114 to Rs 120 per share
 "Akme Fintrade IPO opens today; check price band, GMP, lot size here")
Akme Fintrade IPO opens today; check price band, GMP, lot size here
The subscription for Akme Fintrade IPO opens on June 19, 2024, and closes on June 21, 2024. The price band for the IPO is set at Rs 114 to Rs 120 per share
Here's how much 30 companies plan to raise through IPOs in coming months
Expected IPOs in the coming months include those of Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, among others
Here's how much 30 companies plan to raise through IPOs in coming months
Expected IPOs in the coming months include those of Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, among others
6 SME IPOs to open this week; check size, issue price, GMP and more
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
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SoftBank Group-backed Oyo in talks to raise Rs 1,000 cr from family offices
After withdrawing its application for an IPO last month, Oyo is set to hold an extraordinary general meeting (EGM) on Tuesday to approve the fundraising after increasing its authorised share capital
 "SoftBank Group-backed Oyo in talks to raise Rs 1,000 cr from family offices")
SoftBank Group-backed Oyo in talks to raise Rs 1,000 cr from family offices
After withdrawing its application for an IPO last month, Oyo is set to hold an extraordinary general meeting (EGM) on Tuesday to approve the fundraising after increasing its authorised share capital
Hyundai Motor India files draft papers to raise around $3 bn through IPO
If the listing proceeds as planned, this transaction would become the largest IPO in India's corporate history, surpassing the previous record set by the state-owned LIC's $2.7 billion listing in 2022
 "Hyundai Motor India files draft papers to raise around $3 bn through IPO")
Rs 740-cr IPO of ixigo parent Le Travenues Technology subscribed 98.1 times
The initial public offer of Le Travenues Technology, which operates travel booking platform ixigo, got subscribed 98.10 times on the closing day of subscription on Wednesday. The Rs 740-crore initial share sale received bids for 4,29,36,34,618 shares against 4,37,69,494 shares on offer, as per NSE data. The quota for non-institutional investors fetched 110.25 times subscription while the portion for Qualified Institutional Buyers (QIBs) got subscribed 106.73 times. The category for Retail Individual Investors (RIIs) received 53.95 times subscription. The initial public offering (IPO) of Le Travenues Technology got subscribed 1.95 times on the first day of subscription on Monday. The IPO has a fresh issue of up to Rs 120 crore and an offer for sale (OFS) of up to 6,66,77,674 equity shares. Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company's working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data scie
Haldiram's exploring IPO as plans to sell to foreign investors stall
IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale
 "Haldiram's exploring IPO as plans to sell to foreign investors stall")
IPO-bound firms seek advice amid market fluctuation after Lok Sabha results
Lok Sabha elections 2024 results: IPO-bound companies are consulting experts for guidance amid the fluctuations in the stock market
Ola Electric planning to layoff 400-500 employees to streamline operations
Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)
 "Ola Electric planning to layoff 400-500 employees to streamline operations")
Indian bankers get ready for IPO surge as elections come to a close
The year's largest IPOs are likely yet to come, such as South Korea's Hyundai Motor Co.'s first-time share sale of its India unit, which could raise about $2.5 billion
 "Indian bankers get ready for IPO surge as elections come to a close")
Go Digit IPO Day 2 subscription status: Issue booked 67% so far, GMP dips
Go Digit IPO Day 2: The grey market premium (GMP) of Go Digit Insurance has fallen to Rs 15 from Rs 45 on May 15
HOAC Foods IPO Day 1: Check subscription status, GMP, financials & more
The IPO, which opened on Thursday, May 16, has been oversubscribed 13.57 times, indicating robust demand from investors
 "HOAC Foods IPO Day 1: Check subscription status, GMP, financials & more")
HOAC Foods IPO Day 1: Check subscription status, GMP, financials & more
The IPO, which opened on Thursday, May 16, has been oversubscribed 13.57 times, indicating robust demand from investors
