Page 13 - Initial Public Offerings

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

Financial freedom for Indians: What it means and how to achieve it

Three experts explain how planning and patience can you give the cushion of savings, investments, and cash on hand

China IPO market trounces the world with record $58 billion boom

Initial public offerings on mainland exchanges have climbed to $57.8 billion so far in 2022, the largest ever for such a period

Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends

Start-ups with no 'promoter' may face pressure

Sai Silks files IPO draft papers with Sebi; eyes up to Rs 1,200 cr

Ethnic apparel retailer Sai Silks (Kalamandir) Limited has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 1,200 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 600 crore and an offer for sale of up to 18,048,440 equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP). The net proceeds of the fresh issue will be used for establishing 25 new stores, setting up two warehouses, supporting working capital requirements, payment of debt and general corporate purposes. As per market sources, the issue size is expected to be Rs 1,200 crore. Motilal Oswal Investment Advisors, Edelweiss Financial Services and HDFC Bank are the book-running lead managers to the issue. The equity shares are proposed to be listed on BSE Limited and National Stock Exchange (India) Limited. Sai Silks is one of the leading retailers of ethnic apparel, particularly sar

Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022

The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn

Battered by three decades of controversy, TMB looks back to the future

The storied bank hopes to put its troubles behind it with its impending IPO

'Rational man' regulation: A farce

People who circle junkyards for matching hubcaps will buy mutual funds without reading the prospectus

One year of startup listings: Exuberance tapers as firms lose grip on gains

After Zomato's promising start, global tech meltdown halts listing gravy train

Unacademy 'not efficient' in finances, will shut some businesses: CEO

Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup

What is the difference between an IPO and FPO?

An initial public offer (IPO) and a follow-on public offer (FPO) are two types of public issues available to investors. Here is a breakdown of the differences between the two.

Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers

Nandan Terry, part of the Chiripal group, has decided to withdraw its Rs 255-crore initial public offering (IPO). The IPO was slated to be entirely a fresh issue of equity shares. Proceeds of the issue were to be used for payment of debt, for funding working capital requirements and general corporate proposals. The company had filed the Draft Red Herring Prospectus (DRHP) for the proposed IPO on December 10, 2021 with the Securities and Exchange Board of India (Sebi). However, the draft offer documents for the IPO were withdrawn on June 7 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday. Incorporated in 2015, Ahmedabad-based Nandan Terry is a fully vertically integrated company engaged in the manufacturing terry towels and towelling products. The company also sells the cotton yarn manufactured at its units. Earlier, Uma Converter withdrew its proposed Rs 36-crore IPO on May 30. The company had filed the DRHP in July

Over 4.5-million IPO mandates created via UPI in May, shows data

In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows

40% IPOs this year failed investors amid weak secondary market conditions

Weak secondary market conditions weigh on listing-day performance

Investment bankers ride on record IPOs in FY22 to mint bumper pay

Bonuses in FY22 ranged from 100 to 200% of annual pay

Adanis commit $75 million in Borouge's $2-billion IPO, says report

Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO

Logistics firm Delhivery tests mood for India IPOs after LIC's muted debut

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal

Street signs: IPOs continue to roll on, no data for new HNI category & more

This week, three initial public offerings (IPOs) hit the market

Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times

LIC IPO issue price set at Rs 949; may get listed on Tuesday: Report

The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9