Page 8 - Initial Public Offerings

Sah Polymers IPO subscribed 86% on first day, RII subscribed 2.07 times

The initial public offer of Sah Polymers was subscribed 86 per cent on the first day of subscription on Friday. The initial share-sale received bids for 48,04,470 shares against 56,10,000 shares on offer, according to data available with the NSE. The category meant for Retail Individual Investors (RIIs) received subscription for 2.07 times, non-institutional investors was subscribed fully and Qualified Institutional Buyers (QIBs) 38 per cent. The IPO has a fresh issue of 1.02 crore equity shares. The price range for the offer is Rs 61-65 a share. Pantomath Capital Advisors is the manager to the offer. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. The equity shares are proposed to be listed on the BSE and NSE.

Mamaearth parent files papers for IPO, co-founders to dilute stake

Honasa Consumer was valued at $1.2 bn in January, making it the first unicorn of 2022

Market volatility forces many companies to let go of their IPO plans

Industry players say some companies plan to re-file their DRHPs so that they can have another stab at listing

James Murdoch-Uday Shankar ditch SPAC route for their M&A ventures

Seven Islands will now make their investments through Bodhi Tree Systems

Bigbasket may launch IPO by 2025 after $200 million funding: CFO Parekh

Controlling about a third of India's online grocery market, Bigbasket was acquired by Tata last year

KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed

Financial services firm provides services and solutions to asset managers and corporate issuers

Sebi to issue consultation paper for secondary market ASBA by March

Market regulator also working on new discussion paper for ESG rating providers

KFin Technologies IPO subscribed 0.5 times on first day of the issue

KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions

Inox group plans Rs 1,000-crore IPO of cryogenic equipment maker in 2023

InoxCVA's offering may hit primary market next year

Abans Holdings, Landmark Cars IPOs get lukewarm response from investors

Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise

IPO pipeline in India seen active in 2023 on smaller deals, shows data

Only 2 companies raised more than $500 mn via public offers in 2022

Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz

Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more

Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday

Paytm in focus as board considers buyback; IIAS raises key concerns

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

Tata Motors to partially sell stake in subsidiary Tata Tech via IPO

The offering could be Tata group's first since listing of TCS in 2004

Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more

Foreign portfolio investors (FPIs) have scaled back their bullish bets, nearly triggering a 500-point fall in the Nifty50 Index

Demat additions lukewarm despite market's extended run in November

About 1.8 million new accounts added, 20% below monthly average for calendar 2022

Uniparts India IPO receives 25.32 times subscription on last day of offer

The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription on Friday. The IPO received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors got 17.86 times subscription and the portion for Retail Individual Investors (RIIs) 4.61 times. The IPO of up to 1,44,81,942 equity shares had a price range of Rs 548-577 a share. On Tuesday, Uniparts India said it has raised Rs 251 crore from anchor investors. Since the IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and

CIEL HR acquires talent assessment company, plans IPO in Q2 of FY24

Skilling solutions firm is in talks to acquire two other professional staffing companies before its goes public