Latest News on Upcoming IPO’s

The initial public offering of Bikaji Foods International was subscribed 26.67 times on Monday, the last day of subscription. The Rs 881.22-crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per data available with the NSE. The quota meant for Qualified Institutional Buyers (QIBs) received 80.63 times subscription, while the non-institutional [...]

Archean Chemical Industries, a speciality marine chemical manufacturer, on Thursday said it has fixed a price band of Rs 386-407 a share for its Rs 1,462-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 9 and conclude on November 11. The bidding for anchor investors will open on November [...]

Syrma SGS Technology shares ended with over 42 per cent premium in the debut trade on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. During the day, it zoomed 42.90 per cent to Rs [...]

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the [...]

Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]

Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]

Utkarsh Small Finance Bank has refiled preliminary papers with capital market regulator Sebi and reduced its initial public offering (IPO) size to Rs 500 crore from Rs 1,350 crore planned earlier. The company filed the paper afresh as the regulator's one-year approval given to the Varanasi-headquartered small finance bank (SFB) to launch IPO expired last [...]

Pharmaceutical company Innova Captab Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders, according to the [...]

Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter [...]

Deltatech Gaming Ltd, a digitally native, technology-led gaming platform, has filed preliminary papers with the markets regulator Sebi to raise Rs 550 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter -- Delta [...]

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday. The digital payment company is seeking a valuation of USD 8-10 billion, they added. According [...]

Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received capital markets regulator Sebi's go ahead to raise Rs 5,000 crore through an Initial Public Offering (IPO). The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to [...]

Private sector lender Tamilnad Mercantile Bank has received capital markets regulator Sebi's go ahead to mop-up funds through an initial share sale. The Initial Public Offer (IPO) comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders, according to the Draft Red Herring [...]

Shares of digital signature certificate provider eMudhra Ltd on Wednesday listed with a premium of nearly 6 per cent against the issue price of Rs 256. The stock made its debut at Rs 271, registering a gain of 5.85 per cent over the issue price on the BSE. It later jumped 8.98 per cent to [...]

Leading B2B payments and services provider PayMate India has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares worth Rs 1,125 crore and Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according [...]

Shares of Paradeep Phosphates on Friday made a tepid market debut with a nearly 5 per cent gain against its issue price of Rs 42. The stock was listed at Rs 43.55, a jump of 3.69 per cent against the issue price, on the BSE. At the NSE, it made its debut at Rs 44, [...]

The initial public offer of speciality chemicals company Aether Industries was subscribed 6.26 times on the final day of subscription on Thursday, helped by a strong interest from institutional buyers. The initial share sale received bids for 5,85,34,586 shares against 93,56,193 shares on offer, according to the NSE data. The portion meant for qualified institutional [...]

The initial public offer of speciality chemicals company Aether Industries was subscribed 49 per cent on the second day of subscription on Wednesday. The IPO received bids for 45,68,996 shares against 93,56,193 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 67 per cent, Qualified Institutional Buyers (QIBs) [...]

The initial public offer of digital signature certificate provider eMudhra was subscribed 2.72 times on the last day of subscription on Tuesday. The Rs 412.79 crore-IPO got bids for 3,09,02,516 shares against 1,13,64,784 shares on offer, according to NSE data. The portion meant for Qualified Institutional Buyers (QIBs) received 4.05 times subscription, while the category [...]

Shares of Venus Pipes & Tubes on Tuesday opened for trade on bourses with a gain of over 3.5 per cent against the issue price of Rs 332. The stock listed at Rs 335, a rise of 2.76 per cent, on the BSE. It further gained 7.89 per cent to Rs 351.75. At the NSE, [...]

Speciality chemicals company Aether Industries on Monday said it has raised a little over Rs 240 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Tuesday. The company has allocated a total of 37,42,495 equity shares to anchor investors at Rs 642 apiece, taking the transaction size to Rs [...]

Markets regulator Sebi on Monday imposed a fine of Rs 50 lakh on an individual for indulging in fraudulent trading activities as a "conduit' with respect to initial share sales of two companies more than a decade ago. The companies -- IDFC Ltd and Sasken Communications Ltd -- had come out with their respective Initial [...]

The initial public offer of luxury and premium watch retail player Ethos got fully subscribed on the last day of subscription on Friday. According to NSE data, the Rs 472.3 crore IPO received bids for 41,38,650 shares against 39,79,957 shares on offer, translating into 1.04 times subscription. The portion for non-institutional investors received 1.48 times [...]

Shares of Prudent Corporate Advisory Services on Friday made its debut with nearly 5 per cent premium against the issue price of Rs 630. The stock listed at Rs 660, reflecting a jump of 4.76 per cent on the BSE. At the NSE, it made its debut at Rs 650, a gain of 3.17 per [...]

Luxury and premium watch retail player Ethos' initial public offer got subscribed 44 per cent on the second day of subscription on Thursday. The Initial Public Offer (IPO) got bids for 17,61,557 shares against 39,79,957 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 68 per cent, non-institutional [...]

The initial public offer of Paradeep Phosphates was subscribed 1.75 times on the last day of subscription on Thursday. The IPO received bids for 47,02,00,150 shares against 26,86,76,858 shares on offer, according to NSE data. The portion meant for qualified institutional buyers got subscribed 3.01 times, retail individual investors 1.37 times and non institutional investors [...]

Speciality chemicals company Aether Industries on Thursday said it has fixed a price band of Rs 610-642 for its Rs 808-crore initial public offering (IPO). The initial share-sale will open for public subscription on May 24 and conclude on May 26. The bidding for anchor investors will open on May 23, the company announced. The [...]

The initial share sale of speciality chemicals company Aether Industries will open for public subscription on May 24. According to the Red Herring Prospectus (RHP), the three-day Initial Public Offering (IPO) will conclude on May 26. The bidding for anchor investors will open on May 23. The company has cut the size of the fresh [...]

Luxury and premium watch retail player Ethos on Tuesday said it has raised around Rs 142 crore from anchor investors ahead of its initial share sale, which opens for subscription on Wednesday. The company has decided to allocate 16,13,725 equity shares to anchor investors at Rs 878 apiece, aggregating the transaction size to Rs 141.68 [...]

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Tuesday said the weak debut of the country's largest insurer LIC on the bourses was due to unpredictable market conditions and suggested investors to hold on to the stock for long-term value. LIC on Tuesday listed its shares at a discount of [...]

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]

The government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country's largest insurer on May 17. However, LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 a piece, [...]

The Supreme Court 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 policyholders. A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of [...]

Staffing company FirstMeridian Business Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 50 crore and an Offer for Sale (OFS) aggregating up to Rs 750 crore by promoters [...]

The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening for subscription on Wednesday. The Rs 165.41-crore IPO received bids for 51,67,502 shares against 35,51,914 shares on offer, translating into 1.45 times subscription, according to NSE data till 13:03 hours. The category meant for Retail Individual [...]

Shares of Rainbow Children's Medicare on Tuesday debuted with a discount of nearly 7 per cent against the issue price of Rs 542. The stock opened at Rs 506, registering a decline of 6.64 per cent from the issue price on the BSE. It further tanked 11 per cent to Rs 482. At the NSE, [...]

Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. The Qualified Institutional Buyers (QIBs) category [...]

Inox wind arm Inox Green Energy Services' board on Monday approved a proposal to raise Rs 900 crore through an initial public offer (IPO). The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune [...]

Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday, jumping over 23 per cent, against the issue price of Rs 292. The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE. It further zoomed 26 per cent to Rs [...]

Venus Pipes & Tubes on Friday said it has fixed a price band of Rs 310-326 a share for its Rs 165-crore initial public offering (IPO). The initial share-sale will be open for public subscription on May 11 and conclude on May 13. The bidding for anchor investors will open on May 10, according to [...]

LIC public offer, the country's biggest-ever IPO, was subscribed 0.29 times till noon by investors on the first day of bidding on Wednesday. Of the total, the policyholder portion was subscribed fully while the reserved employees' portion was subscribed 0.49 times, as per the data on stock exchanges. Qualified Institutional Buyer (QIB) and Non-Institutional Investor [...]

Insurance behemoth LIC on Tuesday said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions ahead of its mega initial public offering (IPO). Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to [...]