Page 6 - Initial Public Offerings

Tata Technologies IPO: Check price band, bidding period, and other details

The Tata Technologies Ltd IPO includes a reserved 10 per cent quota for Tata Motors shareholders

Tata Technologies IPO: Details of public offer opening on November 22

The Tata Technologies IPO will be open for bidding from November 22, and will conclude November 24

Flurry of IPOs: 5 cos including Tata tech gear up to raise Rs 7,300 cr

The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively. The other three companies whose maiden public issues are ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India. Together, these five companies are expected to fetch more than Rs 7,300 crore through the IPOs, data from the stock exchanges showed. Before this, three firms -- ASK Automotive, Protean eGov Technologies, and ESAF Small Finance Bank -- launched their public issues earlier this month. Further, IPOs of Honasa Consumer, which owns FMCG brands Mamaearth, and household products and stationery manufacturer Cello World concluded in the first week of the month. V Prashant Rao, Director & Head-ECM, Investment Banking at Anand Rathi Advisors, attributed several factors to the hectic IPO ...

Record number of small, medium-sized firms going public in India this year

So far in 2023, 184 firms have gone public in the South Asian nation, more than in any other full year, according to data compiled by Bloomberg

IPO filings remain robust in October despite recent turbulence in equities

August-October best period for DRHP filings in 2 years

Regulatory relook: Move to push firms away from in-house RTAs on the cards

Sebi looking to increase networth requirement, other measures; may float discussion paper

Entero Healthcare Solutions files draft papers with Sebi to introduce IPO

Healthcare products distributor Entero Healthcare Solutions has filed preliminary papers with capital markets regulator Sebi to mop-up funds through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer For Sale (OFS) component of up to 85.57 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP), which was filed on Wednesday. According to investment banking sources, the IPO is expected to be worth Rs 1,000 crore. Those selling shares in OFS are promoters Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Ltd, and other shareholders Chethan M P, Deepesh T Gala, Hemant Jose Barros, Hemant Jaggi, K R V S Varaprasad, K E Prakash and Lavu Sahadev. The company may also consider a pre-IPO placement aggregating up to Rs 200 crore, and if such a placement is completed, the size of the fresh issue will be reduced. Net proceeds from the fresh issue to the tune of Rs 123.67 crore will be used towa

SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered

At the top end, SBFC will be valued at Rs 6,066 crore on a post-dilution basis

SBI Mutual Fund listing off the focus, says chairman Dinesh Khara

SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion

Jhunjhunwala-backed Concord Biotech eyes to raise Rs 1,550 cr through IPO

The late Rakesh Jhunjhunwala-backed firm sets price band of Rs 705-Rs 741 a share

Yatharth Hospital IPO subscribed 36.16 times on last day of subscription

The Initial Public Offering (IPO) of Yatharth Hospital and Trauma Care Services was subscribed 36.16 times on the last day of subscription on Friday. The Rs 686.55 crore-initial share sale received bids for 59,72,19,800 shares against 1,65,17,823 shares on offer, as per BSE data. The portion for qualified institutional buyers received 85.10 times subscription while the non-institutional investors part was subscribed 37.22 times. The retail individual investors category was subscribed 8.34 times. The IPO comprised a fresh issue aggregating up to Rs 490 crore and an offer for sale of up to 65,51,690 equity shares. The IPO had a price range of Rs 285-300 a share. The initial public offering of Yatharth Hospital was fully subscribed on the first day of subscription on Wednesday. Yatharth Hospital & Trauma Care on Tuesday said that it collected Rs 206 crore from anchor investors. The company said it intends to utilise the net proceeds for repayment of debt, funding capital expenditur

Netweb Technologies IPO subscribed 9.14 times on second day: NSE data

The Initial Public Offering (IPO) of Netweb Technologies was subscribed 9.14 times on Tuesday, the second day of the offer. The Rs 631 crore-initial share sale received bids for 8,09,39,130 shares against 88,58,630 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 18.09 times while the portion for retail individual investors got subscribed 8.77 times and qualified institutional buyers quota was subscribed 2.66 times. The IPO was subscribed 2.33 times on the first day on Monday. The three-day IPO has a fresh issue of up to Rs 206 crore and an offer for sale of up to 85 lakh equity shares. The price band has been fixed at Rs 475-500 per share. On Friday, the homegrown server maker said it has collected Rs 189 crore from anchor investors. Proceeds of the fresh issue to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, and Rs 22.5 crore for debt payment, besides

National Securities Depository files DRHP with Sebi to float IPO

As of June 2023, NSDL handled 32.3 million demat accounts with underlying assets of Rs 338 trillion

No IPO without regulator mandates: MD & CEO, Tata AIA Life Insurance

In a Q&A, Naveen Tahilyani explains how focussing on retail has paid off. He says he expects new business premium for the retail segment to grow at 30%

Short & sweet: Reduced IPO timeline to boost investor participation

Faster fund release will allow retail investors to apply for multiple issues, say experts

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of Rs 250-265 per share for its initial public offering (IPO), which will open for subscription on June 27. The initial share sale will conclude on June 30 and the bidding for anchor investors will open on June 26, the company said in a statement. Cyient DLM's IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component. The company has already undertaken a private placement of 40.75 lakh equity shares worth Rs 108 crore. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as for general corporate purposes. The company said that 75 per cent of the issue has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for the retail .

Exploring M&A opportunities in overseas markets; plan to launch IPO: Vinsys

IT services company Vinsys on Wednesday said it is exploring acquisition opportunities in overseas markets, including the US and the UK, to expand its global reach and also announced plans to launch its maiden public issue. Pune-based Vinsys offers customised courses for sectors such as BFSI, telecom, and government departments, where training for IT and processes is essential. It has a team of over 800 professionals certified by major tech companies and institutions. The company clocked a revenue of Rs 157.30 crore and a net profit of Rs 16.02 crore during the last fiscal year, Vinsys said in a statement. Currently, Vinsys operates in the UAE, Oman, Malaysia, Singapore, Nigeria, Kenya, the UK, and the US. As part of the expansion plan, the company said it is actively seeking inorganic growth opportunities to expand its reach in new markets, including the US and the UK, while continuing to consolidate its position in the Middle East. The company also plans to open a new corporate

Mankind Pharma to make market debut on Tuesday following a successful IPO

The IPO had seen strong demand from institutional investors even as the retail quota had remained undersubscribed

Nexus Select Trust's Rs 3,200 crore REIT IPO to hit capital market on May 9

Global investment firm Blackstone-sponsored Nexus Select Trust will hit the capital market on May 9 to raise up to Rs 3,200 crore through its retail REIT initial public offering (IPO). This will be India's first REIT (Real Estate Investment Trust) IPO backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all backed by office assets. Nexus Selct Trust has filed its offer document with market regulator SEBI for its IPO. According to the offer document, the total size of the public issue is Rs 3,200 crore, which includes fresh issue of units worth up to Rs 1,400 crore and offer for sale (OFS) of up to Rs 1,800 crore. Earlier, the company had planned to raise up to Rs 4,000 crore from its proposed REIT public issue. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with Sebi to launch its retail REIT public issue. Nexus Select Trust has a portfolio of 17 operational shopping malls acros