Page 14 - Initial Public Offerings

SC refuses interim relief on pleas seeking stay on LIC IPO share allotment

The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders.

Delhivery may hit a valuation hurdle amid near term concerns: Brokerages

However, Delhivery's growth opportunities, its business model and revenue trajectory are positive triggers, say brokerages

Delhivery raises Rs 2,346 cr from anchor investors as IPO opens today

Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year

Small investors push LIC IPO over the line; FPIs invest less than Rs 4k cr

Move to have a separate quota for policyholders proves a game-changer, say experts

Inox Green Energy board approves proposal to raise Rs 900 cr via IPO

The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore

Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings

Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes

Venus Pipes & Tubes sets IPO price band at Rs 310-326 a share

The initial share-sale will be open for public subscription on May 11 and conclude on May 13

Prudent Corporate Advisory Services prices IPO at Rs 595-630 per share

The Ahmedabad-based firm's IPO will open from May 10 to May 12

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9

Sees participation from 3.6 mn individual investors; policyholders lead

Positive start: LIC's mega share sale subscribed 67% on first day

Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market

Didi Global faces SEC investigation for $4.4-billion US IPO

Didi's shares were down 7% in US pre-market trading, deepening an 85% loss since its initial public offering in the summer of last year

LIC IPO sees 27% subscription in two hours, muted non-institutional demand

The non-institutional category, consisting of corporates, individuals, and others has seen muted demand, with only 5 per cent subscription so far

LIC may file preliminary IPO prospectus today, price band on Wednesday

LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata

Rainbow Children's Medicare IPO to open on April 27: Check details here

The issue opens April 27 and closes April 29, anchor investors can bid on April 26

No performance riders on ESOP grants to founders of India's new-age firms

Experts question why such endowments in India's new-age companies are not comprehensively linked with performance targets

Government likely to take a call on timing of LIC IPO within this week

The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore shares in the country's largest insurer was originally planned for in March, but was postponed in view of the geopolitical tension. The government has time till May 12 to launch the IPO without filing fresh papers with markets regulator Sebi. The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told PTI. LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. There were estimates made in certain quarters that LIC's market valuation would be about

Govt shortlists up to 60 anchor investors for LIC's share sale

Price discovery estimates insurer's value at around Rs 7 trillion

Veranda Learning shares debut on mixed note; settle with 17% premium on BSE

The initial public offering of Veranda Learning Solutions Limited was subscribed 3.53 times late last month

DCX Systems files draft papers with Sebi to raise up to Rs 600 cr via IPO

The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting

Hariom Pipe Industries' IPO subscribed 7.93 times on final day

The issue, which kicked off for subscription on March 30, concluded on April 5