Page 11 - Initial Public Offerings

IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

DCX Systems IPO fully subscribed on Day 1; receives 2.11 times subscription

The Initial Public Offering (IPO) of DCX Systems, manufacturer of cables and wire harness assemblies, received 2.11 times subscription on the first day of offer on Monday. The IPO received bids for 3,05,65,584 shares against 1,45,11,146 shares on offer, according to NSE data. The category meant for Retail Individual Investors (RIIs) received 8.70 times subscription, while the portion for non-institutional investors got subscribed 2.16 times. Qualified Institutional Buyers (QIBs) quota received 3 per cent subscription. Fresh issue aggregating up to Rs 400 crore and an offer for sale of up to Rs 100 crore. The price range for the offer is at Rs 197-207 a share. On Friday, DCX Systems said it has raised Rs 225 crore from anchor investors. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure and general corpora

SFBs need Rs 4,000 cr capital to maintain 30% CAGR in advances: CareEdge

Capital raising delayed amid volatile markets, lower risk apetite among investors

Busiest week for IPOs this year with four offers set to hit market

The last time four IPOs had hit market was in Dec 2021; latest rush notwithstanding, year 2022 has been lukewarm for IPOs with sustained FPI outflows, spike in volatility, correction in broader mkts

Udaan raises $120 mn amid funding winter; plans IPO in 12-18 months

Business-to-business e-commerce firm raises capital from existing investor, was valued at $280 million in January 2021

Samvat 2078: Record-breaking year for IPOs but outlook turns cloudy

The top five issues accounted for nearly two-thirds of the IPO fund raise

IPO delayed due to Ukraine-Russia war and Omicron wave: Go First

The firm's DRHP expired in August this year and it will need to refile its papers with Sebi to reinitiate the IPO process

IndiaFirst Life Insurance to file draft papers with Sebi in next few weeks

IndiaFirst Life insurance entered the insurance industry in 2009 as the 23rd private sector life insurance company

New issue pricing onus may put independent directors in a spot: Experts

Experts feel Sebi diktat may deter those with non-financial background from joining boards

I-banking fees dip in nine months to September as smaller deals dominate

Even some big-ticket deals such as the LIC IPO did not generate higher fees

Tracxn Technologies' IPO gets subscribed 23% on first day of offer

The Initial Public Offering (IPO) of Tracxn Technologies received 23 per cent subscription on the first day of offer on Monday. The IPO received bids for 49,56,520 shares against 2,12,69,714 shares on offer, according to a NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.23 times. The category for non-institutional investors received 4 per cent subscription. The IPO of up to 3,86,72,208 equity shares is in a price range of Rs 75-80 a share. Market intelligence platform Tracxn Technologies on Friday said it has raised a little more than Rs 139 crore from anchor investors. At the upper end of the price band, the IPO is expected to garner Rs 309 crore. The Bengaluru-headquartered company operates on a Software as a Service (SaaS) model and is among the leading market intelligence providers for private company data. Tracxn was launched in 2015 by Neha Singh and Abhishek Goyal who have had their stints as venture capitalists at Sequoia and Accel Partners,

Festival season may bring cheer to IPO market, say investment bankers

Rs 9,000 crore worth of issues lined up over the next six weeks

Electronics Mart IPO subscribed 72x on strong institutional interest

QIB portion subscribed nearly 170 times

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Tracxn Technologies IPO to open Oct 10; sets price band at Rs 75-80/share

Private market intelligence platform Tracxn Technologies on Tuesday said it has fixed a price band of Rs 75-80 per share for its Rs 309-crore initial public offering (IPO). The initial share-sale will open for public subscription on October 10 and close on October 12, the company said in a statement. The IPO will be entirely an offer-for-sale (OFS) of 38,672,208 equity shares by promoters and investors. The OFS will see sale of up to 76.62 lakh shares each by promoters Neha Singh and Abhishek Goyal, up to 12.63 lakh shares each by Flipkart founders Binny Bansal and Sachin Bansal. Up to 1.09 crore shares will be offloaded by Elevation Capital, 40.2 lakh shares by Accel India IV Mauritius, 21.81 lakh shares by SCI Investments V, 2.07 lakh shares by Sahil Barua, among others. At the upper end of the price band, the IPO is expected to garner Rs 309 crore. The Bengaluru-headquartered company operates on a software as a service (SaaS) model and is among the leading market intelligence

Sebi clears slew of proposals; mandates tighter disclosure norms for IPOs

Buch said several decisions taken by the Sebi board were aimed at liberalisation and promoting market development

New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO

Under the new mechanism, non-banking finance companies (NBFCs) are providing up to Rs 8 lakh on a margin amount of Rs 2 lakh for a flat fee of Rs 2,000, said industry sources.

IPO watch: Companies taking longer to go public after Sebi approval

The stock market regulator usually attempts to respond to IPO documents in 30 days

Sebi likely to step up disclosure norms for IPOs of new-age companies

Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar

Sula Vineyards eyes double-digit revenue growth in next five years

The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO