Page 5 - Initial Public Offering (ipo)

Afcons Infrastructure IPO subscribed 2.63 times on last day of share sale

The initial public offer of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure got fully subscribed on the last day of share sale on Tuesday and ended with 2.63 times subscription. The Rs 5,430-crore initial share sale received bids for 22,78,13,728 shares against 8,66,19,950 shares on offer, as per NSE data. The category for non-institutional investors received 5.05 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 3.79 times. The portion meant for Retail Individual Investors (RIIs) got 94 per cent subscription. Afcons Infrastructure Ltd (AIL) on Thursday said it has mopped up Rs 1,621 crore from anchor investors. The price band has been fixed at Rs 440-463 per share. The IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Pvt Ltd. The Maharashtra-based company will utilise Rs 80 crore

NTPC share gains 3% as Sebi okays NTPC Green Energy's Rs 10,000-cr IPO

The rise in NTPC share price came after the market regulator Securities and Exchnage Board of India (Sebi) approved NTPC Green Energy's initial public offering (IPO)

Afcons Infrastructure IPO gets subscribed 36% on second day of offer

The initial public offering (IPO) of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure received 36 per cent subscription on the day two of the share sale on Monday. The initial share sale received bids for 3,15,57,920 shares against 8,66,19,950 shares on offer, as per NSE data. The portion for non-institutional investors fetched 72 per cent subscription while the category for retail individual investors (RIIs) got subscribed 36 per cent. The qualified institutional buyers (QIBs) part received 8 per cent subscription. Afcons Infrastructure Ltd (AIL) on Thursday said it has mopped up Rs 1,621 crore from anchor investors. The Rs 5,430-crore IPO will remain open till Tuesday. The price band has been fixed at Rs 440-463 per share. The IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Pvt Ltd. Currently, promoter and promoter grou

NTPC Green Energy, Avanse Financial Services get Sebi's nod to float IPOs

NTPC Green Energy -- the renewable energy arm of NTPC, and Avanse Financial Services Ltd -- an education-focused NBFC, has received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. NTPC Green Energy and Avanse Financial Services are looking to garner Rs 10,000 crore and Rs 3,500 crore through initial share-sales, respectively. The two companies, which filed their preliminary IPO papers with Sebi between July and September, obtained their observations during October 22-23, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. NTPC Green Energy's initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Of the total proceeds, 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

Market mystery: Why retail investors shun some of the biggest IPOs

Hyundai Motors India's listing is the latest in a trend seen over the years

Market mystery: Why retail investors shun some of the biggest IPOs

Hyundai Motors India's listing is the latest in a trend seen over the years

Ahead of IPO, Afcons Infra collects Rs 1,621 cr from anchor investors

Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd (AIL) on Thursday said it has mobilised Rs 1,621 crore from anchor investors, a day before its initial share sale opening for public subscription. Foreign and domestic institutions participated in the anchor book include HDFC Mutual Fund (MF), ICICI Prudential MF, BlackRock, Fidelity Investments, Goldman Sachs, HSBC Group, Nomura, Nippon India MF, Enam Holdings, Mirae MF, Quant MF, Invesco MF, Eastbridge, Amundi, Invesco HK and SBI General Insurance. The company has allocated over 3.5 crore equity shares to 80 funds at Rs 463 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 1,621.5 crore, according to a circular uploaded on BSE's website. Of 3.5 crore equity shares, 1.17 crore equity shares worth Rs 542.2 crore were allocated to 15 domestic mutual funds through a total of 31 schemes. This accounts for 33.44 per cent of the .

Godavari Biorefineries IPO gets subscribed 54% on second day of offer

The initial public offer of ethanol and bio-based chemicals maker Godavari Biorefineries Ltd subscribed 54 per cent on day two of bidding on Thursday. The initial share sale received bids for 60,89,832 shares against 1,12,74,739 shares on offer, as per NSE data. The portion meant for retail individual investors (RIIs) received 96 per cent subscription, while the quota for non-institutional investors got subscribed 26 per cent. Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors. The initial share sale is a combination of a fresh issue of equity shares worth Rs 325 crore and an offer-for-sale (OFS) of 65.27 lakh equity shares valued at Rs 230 crore at the upper end of the price band by promoters and an investor. This translates into the total IPO size of Rs 555 crore. Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route. The price range for the offer is Rs 334 to Rs 352 per share. Proceeds fr

Swiggy cuts valuation target for IPO to $12.5-13.5 bn due to mkt volatility

Swiggy was earlier targeting a $15 billion valuation for its $1.4 billion November IPO which will be the country's second biggest stock offering this year, behind Hyundai India's debut this week

Deepak Builders' IPO gets subscribed 41.54 times on last day of offer

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 41.54 times subscription on the last day of the share sale on Wednesday. The Rs 260 crore share sale got bids for 37,24,76,076 shares against 89,67,061 shares on offer, according to an update on the NSE. The non-institutional investors part fetched 82.47 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 39.79 times. The portion for Qualified Institutional Buyers (QIBs) attracted 13.91 times subscription. The Initial Public Offer (IPO) of Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of the share sale on Monday. The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. The price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book-running lead manager to the offer.

Godavari Biorefineries IPO gets subscribed 27% on first day of bidding

The initial public offer of ethanol and bio-based chemicals maker Godavari Biorefineries Ltd got subscribed 27 per cent on the first day of bidding on Wednesday. The initial share sale received bids for 30,45,042 shares, as against 1,12,74,739 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 48 per cent subscription, while the portion meant for non-institutional investors got subscribed 12 per cent. Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors. The initial share sale is a combination of fresh issue of equity shares worth Rs 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares valued Rs 230 crore, at the upper-end of the price band, by promoters and an investor. This translates into the total IPO size of Rs 555 crore. Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route. Price range for the offer is Rs 334 to Rs 352 per ...

A bumpy ride: Hyundai Motor India's listing could be an indicator

The festival season often sees retail investors pulling back from the stock market as they become more focused on consumption rather than investment

Hyundai Motor India's shares decline 6% in debut after record IPO

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

Deepak Builders IPO receives 4.12 times subscription on 1st day of offer

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of subscription on Monday. The Rs 260 crore initial public offer received bids for 3,69,59,389 shares against 89,67,061 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 6.12 times subscription while the category for non-institutional investors got subscribed 4.26 times. The Qualified Institutional Buyers (QIBs) part attracted 52 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. Price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book running lead manager to the offer.

Niva Bupa Health Insurance, Paras Healthcare get Sebi's nod to float IPOs

Health insurer Niva Bupa Health Insurance Company Ltd and Paras Healthcare Ltd, which runs the hospital chain under the 'Paras Health' brand, have received Sebi's go ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Monday. Niva Bupa Health Insurance Company is looking to garner Rs 3,000 crore through an initial share sale involving fresh issuance of equity shares and Offer for Sale (OFS) component. Paras Healthcare is aiming to raise Rs 400 crore through fresh issuance of equity shares, besides there is an OFS component. The two companies, which filed their draft IPO papers with the Securities and Exchange Board of India (Sebi) during July-August, obtained its observations on October 18, the update showed. In Sebi's parlance, obtaining observation means its go ahead to float the public issues. The equity shares of both companies proposed to be listed on the BSE and NSE. Going by the draft papers, the proposed IPO of Niva

Afcons Infrastructure fixes price band of Rs 440-463 per share for IPO

Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Monday said it has fixed a price band of Rs 440-463 per share for its Rs 5,430-crore Initial Public Offering (IPO), which will open for subscription on October 25. The IPO is a mix of fresh issue worth up to Rs 1,250 crore and an offer of sale up to Rs 4,180 crore, Afcons Infrastructure said here. The issue will close on October 29. The issue price has been fixed in the range of Rs 440-463 apiece and investors can bid for a minimum of 32 equity shares and in multiples of 32 thereafter, the company said. The proceeds from fresh issuance to the extent of Rs 80 crore will be utilised for capital expenditure for purchase of construction equipment; Rs 320 crore for funding long term working capital requirements and Rs 600 crore for prepayment or scheduled repayment of a portion of certain outstanding borrowings, among others, it said. Investors including GIC Singapore, Enam Holdings (Akash Bhanshali), Synergy Capital, 360 One,

Hyundai's historic India IPO signals new era for multinational listings

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

SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO

Defence equipment manufacturer SMPP Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 4,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 580 crore and an offer for sale (OFS) of equity shares worth up to Rs 3,420 crore by promoter Shiv Chand Kansal, according to the draft red herring prospectus (DRHP) filed on Friday. At present, Kansal holds 50 per cent stake in the company. The company may consider a pre-IPO placement of securities valued at Rs 116 crore. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue will be utilised primarily for capital expenditure of Rs 437.04 crore, which includes constructing buildings, land development, and procuring plant and machinery for a planned ammunition manufacturing facility through investment in a subsidiary. The remaining amount will be allocated for general corporate purposes. SMPP is a

Gautam Solar plans Rs 1,000 crore IPO to expand manufacturing capacity

Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project. The proposed solar cell line is part of the company's plan to expand its solar module manufacturing capacity to 5 GW by 2025, Gautam Solar said in a statement. "Rs 1,000 crore solar cell expansion plan will be funded through an IPO to be launched in the next 12-18 months, supporting further development and innovation," it said. This expansion will occur in three phases, with the first phase set for completion in November 2024, followed by the second and third phases in January and April 2025, respectively. According to the company, the IPO will drive the company's growth by setting up a 2 gigawatt (GW) solar cell manufacturing plant to bolster solar module production and achieve the 5 GW target within the stipulated time. "As India targets achieving 500 GW of renewable energy by 2030, our expansion

Tokyo Metro likely to raise $2.3 billion in Japan's biggest IPO in 6 years

One of Tokyo's two major subway operators, Tokyo Metro is set to announce the pricing later today and list on the Tokyo Stock Exchange on Oct 23