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Premium auto dealership chain Landmark files papers for Rs 762 crore IPO

New Delhi, Jan 19 (PTI) Automobile dealership chain Landmark Cars Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 762 crore through an initial public offering. The public issue consists of a fresh issue of equity shares aggregating to Rs 150 crore and an Offer For Sale (OFS) of up to [...]

AGS Transact Tech mobilises Rs 204 cr from anchor investors ahead of IPO

  New Delhi, Jan 18 (PTI) Payment solutions provider AGS Transact Technologies on Tuesday raised Rs 204 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday.     The company has allotted over 1.16 crore equity shares to anchor investors at Rs 175 apiece, aggregating the transaction size to [...]

AGS Transact Tech mobilises Rs 204 cr from anchor investors ahead of IPO

New Delhi, Jan 18 (PTI) Payment solutions provider AGS Transact Technologies on Tuesday raised Rs 204 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday. The company has allotted over 1.16 crore equity shares to anchor investors at Rs 175 apiece, aggregating the transaction size to Rs 204 [...]

Rs 40 cr outlay earmarked for dairy and sheep units in tribal areas in J&K

Jammu, Jan 18 (PTI) The Jammu and Kashmir Tribal Affairs department has earmarked Rs 40 crore for dairy farms and sheep farms in tribal villages, while an outlay of Rs 15 crore has been earmarked for mini sheep farms, an official spokesman said on Tuesday. The information was given at a meeting chaired by Secretary, [...]

Kotak Investment Advisors’ pre-IPO fund mobilises Rs 2,000 cr

New Delhi, Jan 18 (PTI) Kotak Investment Advisors on Tuesday SAID it has successfully closed its maiden Kotak pre-IPO Opportunities Fund, raising Rs 2,000 crore. The fund will invest in a range of India-focused late-stage new-age businesses with a strong moat of technology, according to a statement. The Kotak Pre-IPO Opportunities Fund has already made [...]

Inox Wind to offer shares worth Rs 400 cr under its arm IGESL’s IPO

New Delhi, Jan 18 (PTI) Inox Wind on Tuesday said a panel of its board has approved its participation in the proposed initial public offer of Inox Green Energy Services Ltd (IGESL) through an offer for sale of equity shares worth Rs 400 crore.On December 6, 2021, IGESL board approved fund raising through an initial [...]

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AGS Transact Technologies IPO subscribed 88% on Day 1 of offer

New Delhi, Jan 19 (PTI) The initial public offer of payment solutions provider AGS Transact Technologies received 88 per cent subscription on the first day on Wednesday. The IPO received bids for 2,51,98,420 shares against 2,86,74,696 shares on offer, according to data available with the BSE. The Retail Individual Investors (RIIs) category received 1.32 times [...]

Premium auto dealership chain Landmark files papers for Rs 762 crore IPO

New Delhi, Jan 19 (PTI) Automobile dealership chain Landmark Cars Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 762 crore through an initial public offering. The public issue consists of a fresh issue of equity shares aggregating to Rs 150 crore and an Offer For Sale (OFS) of up to [...]

AGS Transact Tech mobilises Rs 204 cr from anchor investors ahead of IPO

  New Delhi, Jan 18 (PTI) Payment solutions provider AGS Transact Technologies on Tuesday raised Rs 204 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday.     The company has allotted over 1.16 crore equity shares to anchor investors at Rs 175 apiece, aggregating the transaction size to [...]

AGS Transact Tech mobilises Rs 204 cr from anchor investors ahead of IPO

New Delhi, Jan 18 (PTI) Payment solutions provider AGS Transact Technologies on Tuesday raised Rs 204 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday. The company has allotted over 1.16 crore equity shares to anchor investors at Rs 175 apiece, aggregating the transaction size to Rs 204 [...]

Rs 40 cr outlay earmarked for dairy and sheep units in tribal areas in J&K

Jammu, Jan 18 (PTI) The Jammu and Kashmir Tribal Affairs department has earmarked Rs 40 crore for dairy farms and sheep farms in tribal villages, while an outlay of Rs 15 crore has been earmarked for mini sheep farms, an official spokesman said on Tuesday. The information was given at a meeting chaired by Secretary, [...]

Kotak Investment Advisors’ pre-IPO fund mobilises Rs 2,000 cr

New Delhi, Jan 18 (PTI) Kotak Investment Advisors on Tuesday SAID it has successfully closed its maiden Kotak pre-IPO Opportunities Fund, raising Rs 2,000 crore. The fund will invest in a range of India-focused late-stage new-age businesses with a strong moat of technology, according to a statement. The Kotak Pre-IPO Opportunities Fund has already made [...]

Radiant Cash Management Services, Veranda Learning Solutions get Sebi nod to float IPOs

New Delhi, Jan 18 (PTI) Radiant Cash Management Services, an integrated cash logistics player, and online education platform Veranda Learning Solutions have received the go ahead from capital markets regulator Sebi to float their initial public offerings (IPOs). The two companies, filed their preliminary IPO papers with Sebi between October and November and obtained the [...]

Delhivery gets Sebi’s go-ahead to raise Rs 7,460 cr via IPO

New Delhi, Jan 18 (PTI) Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, according to [...]

Sebi tightens rules governing utilisation of IPO proceeds; tweaks OFS norms

New Delhi, Jan 17 (PTI) Tightening rules for initial public offering (IPO), Sebi has put a cap on the usage of the issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by significant shareholders. Also, the regulator has extended anchor investors' lock-in period to 90 days and now, [...]

IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 yrs

New Delhi, Jan 16 (PTI) IPO-bound India1 Payments Ltd, which is currently rolling out 300-400 ATMs in a month, is hopeful of  deploying over 20,000 such machines in next 4-5 years to ensure cash availability to customers in semi-urban and rural areas, its MD and CEO K Srinivas said on Sunday. "The hike in interchange fees by [...]

Adani Wilmar cuts IPO size to Rs 3,600 cr

New Delhi, Jan 14 (PTI) Edible oil major Adani Wilmar Ltd (AWL) has cut the size of its initial share-sale to Rs 3,600 crore from the Rs 4,500 crore planned earlier, people familiar with the development said on Friday. The company, which sells cooking oils under the Fortune brand, is expected to float its initial public [...]

AGS Transact Tech sets IPO price band at Rs 166-175/share

New Delhi, Jan 14 (PTI) Payment solutions provider AGS Transact Technologies on Friday fixed a price band of Rs 166-175 a share for its initial public offering (IPO). The three-day initial share-sale will open on January 19, and conclude on January 21. The bidding for anchor investors will open on January 18, according to the [...]

Braithwaite aims at Rs 2,500cr revenue, IPO by FY’26

Kolkata, Jan 13 (PTI) State-run Braithwaite & Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. The public sector undertaking has made a turnaround in the [...]

AGS Transact Tech IPO to open on Jan 19; cuts issue size to Rs 680-cr

New Delhi, Jan 13 (PTI) Payment solutions provider AGS Transact Technologies, which will launch its initial share-sale on January 19, has cut  the size of its public issue to Rs 680 crore from Rs 800 crore planned earlier. The three-day initial public offering (IPO) will conclude on January 21, according to the red herring prospectus [...]

Indian startups raised USD 42 bn in 2021: Report

Indian startups have raised USD 42 billion in 2021, up from USD 11.5 billion in the previous year, a report by Orios Venture Partners said.The report titled ‘The Indian Tech Unicorn Report 2021’ said India saw 46 unicorns in 2021 alone.  India has seen four deacons so far.20 per cent of unicorn founders are non-engineers, [...]

Federal Bank subsidiary FedFina gets board approval for IPO

New Delhi, Jan 11 (PTI) Federal Bank subsidiary Fedbank Financial Services Ltd (FedFina) has initiated the process of an initial public offering (IPO), the bank said on Tuesday. The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by [...]

Sresta Natural Bioproducts files draft papers with Sebi; aims to raise Rs 500-cr via IPO

New Delhi, Jan 11 (PTI) Organic food company Sresta Natural Bioproducts Ltd has filed preliminary documents with capital markets regulator Sebi to raise Rs 500 crore through an initial share-sale.The initial public offering (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore and an offer-for-sale of up to 70,30,962 equity shares [...]

Five Star Business Finance, Waaree Energies get Sebi’s nod to float IPOs

New Delhi, Jan 10 (PTI) Non-banking financial company Five Star Business Finance and solar energy player Waaree Energies have received capital markets regulator Sebi's go-ahead to raise funds through initial share-sales. The two companies, which filed their preliminary IPO documents with Sebi between September and November, obtained its "observations" letter during January 3-7, an update [...]

Course5 Intelligence files draft papers to raise  Rs 600-cr via IPO

New Delhi, Jan 10 (PTI) Pure-play data analytics and insights compay Course5 Intelligence Ltd has filed preliminary documents with markets regulator Sebi to raise Rs 600 crore through an initial share-sale. The initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an Offer For Sale of [...]

7th edition of Seeding Kerala, an angel investors’ meet, to be held next month

Kochi, Jan 7 (PTI) The seventh edition of Seeding Kerala, the Kerala Startup Mission's (KSUM) flagship initiative to attract angel investors, high net worth individuals (HNIs) and leading investors by showcasing investment opportunities in startups, will be held here on February 2 and 3, a release said on Friday. The two-day event, hosted by the [...]

Life insurers’ new business premium income nearly flat at Rs 24,466 cr in Dec

New Delhi, Jan 7 (PTI) Life insurers' collective new business premium income stayed nearly flat from a year ago at Rs 24,466.46 crore in December 2021, data from Irdai showed on Friday. The new business premium, or the first year premium, of 24 life insurance companies had stood at Rs 24,383.42 crore in December 2020. [...]

Sitharaman reviews progress on planned mega LIC IPO

New Delhi, Jan 7 (PTI) Finance Minister Nirmala Sitharaman on Friday reviewed the progress of the planned disinvestment of the country's largest insurer LIC. The initial public offering (IPO) of Life Insurance Corporation (LIC), touted to be the biggest ever in the country's history, is expected to hit the markets by March. "Union Finance Minister [...]

CSS Corp appoints Ashok Philipose as Chief Delivery Officer

New Delhi, Jan 7 (PTI) Customer experience and technology services provider CSS Corp on Friday said it has appointed former Wipro executive Ashok Philipose as its Executive Vice President and Chief Delivery Officer.Philipose will lead CSS Corp's global delivery and operations, and also serve as an integral part of the executive leadership team, influencing the [...]

DPIIT to come out with revised FDI policy to facilitate LIC disinvestment: Secy

New Delhi, Jan 6 (PTI) The commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, after taking views from the finance ministry, a top government official said on Thursday. Anurag Jain, secretary in the Department for Promotion of Industry and Internal [...]

CSS Corp Appoints Industry Veteran Ashok Philipose as Chief Delivery Officer

Bangalore, Karnataka, India – Business Wire India CSS Corp, a global customer experience and technology services provider, today announced the appointment of Ashok Philipose as Executive Vice President and Chief Delivery Officer. Ashok will lead CSS Corp’s global delivery and operations, and also serve as an integral part of CSS Corp’s executive leadership team, influencing [...]

Rupee jumps 23 paise to close at 74.35 against US dollar

Mumbai, Jan 5 (PTI) The rupee surged 23 paise to close at 74.35 (provisional) against the US dollar on Wednesday, tracking gains in domestic equity markets.At the interbank forex market, the local unit opened up at 74.54 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.55. It finally settled [...]

Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) gets NSE approval for SME IPO

MUMBAI, India, Jan. 5, 2022 /PRNewswire/ -- Speciality chain Of Cardiac Clinics, Vaidya Sane Ayurved Laboratories Limited, a unique medical service institution popularly known as 'Madhavbaug' that treats chronic ailments like cardiac disease, diabetes, hypertension and obesity with the distinctive outlook of amalgamating technology with traditional healing of Ayurveda has filed its draft red herring [...]

9Unicorns to nearly double investments to Rs 400 cr in 2022

Mumbai, Jan 3 (PTI) 9Unicorns, an accelerator fund, is targeting to nearly double its investments in start-ups in the new year by infusing over Rs 400 crore, a senior official said on Monday. The city-based platform invested USD 32 million or Rs 240 crore in 2021 in 101 deals, as per an official statement. "Next [...]

GPT Healthcare gets Sebi approval for IPO

New Delhi, Jan 3 (PTI) GPT Healthcare, which runs the chain of ILS Hospitals, has received capital markets regulator Sebi's go-ahead to raise up to Rs 500 crore through an initial share sale. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth Rs 17.5 crore and an Offer For Sale (OFS) of [...]

Over 500 employees, ex-staff of IPO-bound OYO buy around 3 cr shares

New Delhi, Jan 3 (PTI) More than 500 employees and ex-employees of IPO-bound OYO have exercised their stock options grants to purchase over three crore shares of the company, according to regulatory filings by the hospitality chain. These shares have been purchased by the employees and alumni by exercising their vested Employees' Stock Option Plan [...]

CMS Info Systems shares settle with over 10 pc gains in debut trade

New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed at a nearly 2 per cent premium before settling with around 10 per cent gains compared to its issue price. The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. During the day, [...]

CMS Info Systems shares list with nearly 2 % premium

New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed with nearly 2 per cent premium against its issue price of Rs 216. The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. It further jumped 12.84 per cent to Rs 243.75. At [...]

2022: A likely year of firsts for insurance space; general insurer privatisation, LIC share sale on cards

The government will push for the privatisation of state-owned GIC and LIC in 2022 post the amendment. LIC’s listing might be delayed beyond March 2022. Once listed, it might become one of the biggest domestic companies by market capitalization.Insurance penetration in the country increased from 3.76 per cent in 2019-20 to 4.20 per cent in 2020-21, [...]

Aether Industries files draft papers with Sebi; eyes Rs 1,000 cr via IPO

New Delhi, Dec 29 (PTI) Speciality chemicals company Aether Industries has filed its preliminary prospectus with markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares aggregating to Rs 757 crore and an offer-for-sale of up to 2,751,000 equity shares, [...]

LIC seeks bids for consultancy services for its digital transformation

Mumbai, Dec 28 (PTI) The IPO-bound Life Insurance Corporation of India (LIC) has sought Expression of Interest from bidders to provide consultancy services for its digital transformation.The Expression of Interest (EoI) has been invited from eligible management and strategy consultants who can evaluate the insurer's current IT setup, map it with current trend and best [...]

Sebi board tightens rules for utlisation of IPO proceeds

New Delhi, Dec 28 (PTI) Markets regulator Sebi on Tuesday decided to put a cap on IPO proceeds earmarked for making future acquisition of unspecified targets and will bring under monitoring the funds reserved for general corporate purposes. The regulator has prescribed certain conditions for selling shares in an Offer-for-Sale (OFS) under IPO by significant [...]

Supriya Lifescience shares zoom over 42 pc in debut trade

New Delhi, Dec 28 (PTI) Shares of Supriya Lifescience Ltd on Tuesday listed at a premium of over 55 per cent against its issue price of Rs 274 and settled with over 42 per cent gains. The stock was listed at Rs 425, reflecting a jump of 55.10 per cent against the issue price on [...]

Supriya Lifescience shares list at over 55 % premium

New Delhi, Dec 28 (PTI) Shares of Supriya Lifescience Ltd on Tuesday listed at a premium of over 55 per cent against its issue price of Rs 274. The stock listed at Rs 425, reflecting a jump of 55.10 per cent against the issue price on the BSE. On the NSE, it made its debut [...]

HP Adhesives shares jump over 22 in debut trade

New Delhi, Dec 27 (PTI) Shares of HP Adhesives on Monday listed with a premium of over 16 per cent against the issue price of Rs 274 and settled with a gain of more than 22 per cent.The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. [...]

Medanta brand owner Global Health, Veeda Clinical get Sebi’s go-ahead to float IPOs

New Delhi, Dec 27 (PTI)  Global Health Ltd, which operates and manages hospitals under the Medanta brand, and clinical research organisation Veeda Clinical Research has received markets regulator Sebi's go-ahead to raise funds through an initial public offering (IPO). These companies, which filed their preliminary IPO with Sebi in September, obtained its observations on December [...]

Venus Pipes & Tubes files papers to garner funds through IPO

New Delhi, Dec 27 (PTI) Venus Pipes & Tubes has filed draft papers with markets regulator Sebi to raise funds through an initial share sale.      Through the Initial Public Offering (IPO), 50.74 lakh equity shares of the company will be sold, according to the Draft Red Herring Prospectus (DRHP).      Proceeds from the [...]

Rainbow Children’s Medicare files papers; eyes over Rs 2,000-cr via IPO

New Delhi, Dec 27 (PTI) Multi-specialty pediatric hospital chain Rainbow Children's Medicare Ltd has filed preliminary papers with capital markets regulator Sebi to raise over Rs 2,000 crore through an initial public offering (IPO). The public issue comprises fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale of up [...]

Capillary Technologies files draft papers to raise Rs 850 cr via IPO

New Delhi, Dec 27 (PTI) Capillary Technologies (India) Ltd, backed by Warburg Pincus and Sequoia Capital, has filed preliminary papers with markets regulator Sebi to raise Rs 850 crore through an initial share-sale. The company offers artificial intelligence (AI)-based cloud-native Software-as-a Solution (SaaS) products and solutions to develop loyalty of consumers and channel partners. The [...]

HP Adhesives shares list with over 16 % gain

New Delhi, Dec 27 (PTI) Shares of HP Adhesives on Monday listed with a premium of over 16 per cent against the issue price of Rs 274. The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. It further zoomed 22.24 per cent to Rs 334.95. On [...]

Campus Activewear files draft papers with Sebi to garner funds via IPO

New Delhi, Dec 26 (PTI) Sports and athleisure footwear company Campus Activewear has filed preliminary papers with capital markets regulator Sebi to mop up funds through an initial share-sale. The initial public offering (IPO) is entirely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders, according to the draft [...]

TBO Tek files papers to raise Rs 2,100-cr via IPO

New Delhi, Dec 26 (PTI) Travel services provider TBO Tek Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 2,100 crore through an initial public offering (IPO).       The public issue comprises fresh issue of equity shares of up to Rs 900 crore and an offer for sale worth up to Rs [...]

India Inc raises over Rs 9-lakh crore through equity, debt issuances in 2021

New Delhi, Dec 26 (PTI) Indian companies have mopped up more than Rs 9 lakh crore through equity and debt routes in 2021 to meet their renewed thirst for business expansion in a buoyant stock market brimming with liquidity and helped by recovering macroeconomic indicators after pandemic-ravaged first few months. Unless the still-evolving Omicron situation [...]

Protean eGov Tech files IPO papers with Sebi

New Delhi, Dec 25 (PTI) Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The public issue is purely an offer of sale (OFS) of 1.2 crore equity shares, according to the draft red herring prospectus (DRHP). Those [...]

Hexagon Nutrition files IPO papers to raise up to Rs 600 cr

New Delhi, Dec 24 (PTI) Hexagon Nutrition has filed preliminary papers with capital market regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO). Mumbai-based Hexagon Nutrition is a fully integrated company engaged in product development and marketing, including research and development and nutrition manufacturing.The company's public issue consists of [...]

Data Patterns shares zoom 29 pc in debut trade

New Delhi, Dec 24 (PTI) Shares of Data Patterns (India) Ltd, which supplies electronic systems to defence and aerospace sector, on Friday listed with nearly 48 per cent higher against the issue price of Rs 585 and settled with 29 per cent gains. The stock listed at Rs 864, reflecting a premium of 47.69 per [...]

Data Patterns shares list at nearly 48% premium

New Delhi, Dec 24 (PTI) Shares of Data Patterns (India) Ltd, which supplies electronic systems to defence and aerospace sector, on Friday listed with nearly 48 per cent gains against the issue price of Rs 585. The stock listed at 864, reflecting a premium of 47.69 per cent from the issue price on BSE. Shares [...]

CMS Info Systems IPO subscribed 1.95 times

New Delhi, Dec 23 (PTI) Cash management company CMS Info Systems Limited's initial public offering was subscribed 1.95 times on the last day of subscription on Thursday.The IPO received bids for 7,32,71,721 shares against 3,75,60,975 shares on offer, according to NSE data.The category for Retail Individual Investors (RIIs) was subscribed 2.15 times, while Qualified Institutional [...]

Medplus shares jump nearly 41 pc in debut trade

New Delhi, Dec 23 (PTI) Shares of Medplus Health Services on Thursday listed with a premium of nearly 31 per cent against the issue price of Rs 796 and settled with a gain of nearly 41 per cent. The stock listed at Rs 1,015, a gain of 27.51 per cent against the issue price on [...]

Medplus shares list with nearly 31% premium

New Delhi, Dec 23 (PTI) Shares of Medplus Health Services on Thursday listed with a premium of nearly 31 per cent against the issue price of Rs 796. The stock listed at Rs 1,015, a gain of 27.51 per cent against the issue price on BSE. It further zoomed 40.69 per cent to Rs 1,119.95. [...]

CMS Info Systems IPO subscribed 66 pc on Day 2 of offer

New Delhi, Dec 22 (PTI) The initial public offering of cash management company CMS Info Systems Limited was subscribed 66 per cent on the second day of subscription on Wednesday.The IPO received bids for 2,47,38,294 shares against 3,75,60,975 shares on offer, according to NSE data.The category for Retail Individual Investors (RIIs) received 1.30 times subscription, [...]

Metro Brands shares decline over 1 pc in debut trade

New Delhi, Dec 22 (PTI) Shares of footwear retailer Metro Brands on Wednesday listed with a discount of nearly 13 per cent from the issue price of Rs 500 and settled over 1 per cent lower.The stock listed at Rs 436, a decline of 12.8 per cent against the issue price on BSE. During the [...]

Kerala based Asianet Satellite Communications files for Rs 765cr IPO papers

New Delhi, Dec 22 (PTI) Leading internet service provider Asianet Satellite Communications Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 765 crore through an initial share sale. The initial public offering (IPO) consists of a fresh issue of equity shares aggregating to Rs 300 crore, and an offer for sale [...]

Foxconn’s Bharat FIH files Rs 5,000-cr IPO papers with Sebi

New Delhi, Dec 22 (PTI) Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has filed preliminary documents with markets regulator Sebi to raise over Rs 5,000 crore through an initial public offering (IPO). The public issue comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale [...]

Metro Brands shares list with nearly 13% discount

New Delhi, Dec 22 (PTI) Shares of footwear retailer Metro Brands on Wednesday listed with a discount of nearly 13 per cent from the issue price of Rs 500. The stock listed at Rs 436, a decline of 12.8 per cent against the issue price on BSE. It further tumbled 14.78 per cent to Rs [...]

CMS Info Systems IPO subscribed 40 pc on Day 1 of offer

New Delhi, Dec 21 (PTI) The initial public offering of cash management company CMS Info Systems Limited was subscribed 40 per cent on the first day of subscription on Tuesday. The IPO received bids for 1,48,92,132 shares against 3,75,60,975 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed [...]

CE Info Systems shares jump 35 pc in debut trade

New Delhi, Dec 21 (PTI) Shares of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, on Tuesday listed with a premium of 53 per cent against its issue price of Rs 1,033 and finally settled with a gain of 35 per cent.The stock made its debut at Rs 1,581, a huge gain [...]

CE Info Systems shares list with 53% premium

New Delhi, Dec 21 (PTI) Shares of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, on Tuesday listed with a premium of 53 per cent against its issue price of Rs 1,033. The stock made its debut at Rs 1,581, a huge gain of 53.04 per cent from the issue price on [...]

Snapdeal files papers with Sebi to raise funds via IPO

New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for [...]

Supriya Lifescience IPO subscribed 71.51 times on last day of share sale

New Delhi, Dec 20 (PTI) The initial public offer of Supriya Lifescience Limited was subscribed 71.51 times on the last day of share sale on Monday. The initial share sale received bids for 1,03,89,57,138 shares against 1,45,28,299 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 161.22 times while that [...]

Supriya Lifescience IPO subscribed 71.47 times on last day of share sale

New Delhi, Dec 20 (PTI) The initial public offer of Supriya Lifescience Limited was subscribed 71.47 times on the last day of share sale on Monday.The initial share sale received bids for 1,03,83,31,980 shares against 1,45,28,299 shares on offer, according to NSE data.The category for non-institutional investors received 161.22 times subscription, while those for Retail [...]

Cyril Amarchand Mangaldas Advised Nykaa on its IPO

Mumbai, Maharashtra, India (NewsVoir) Cyril Amarchand Mangaldas acted as legal counsel to the book running lead managers on initial public offering (IPO) of FSN E-Commerce Ventures Limited (Nykaa), comprising of 47,575,326 equity shares of face value of INR 1 each for cash at a price of INR 1,125 per equity share (including a share premium [...]

Ixigo, Sahajanand Medical Technologies, Keventer Agro get Sebi’s go-ahead to float IPOs

New Delhi, Dec 20 (PTI) Le Travenues Technology Ltd, which operates travel platform Ixigo, has received markets regulator Sebi's go-ahead to raise Rs 1,600 crore through an initial share-sale. Apart from this, cardiac stent maker Sahajanand Medical Technologies and food and beverage major Keventer Agro have received regulatory approval from Sebi to float their initial [...]

Shriram Properties shares list with nearly 24% discount

New Delhi, Dec 20 (PTI) Shares of Shriram Properties Ltd on Monday listed with a discount of nearly 24 per cent against its issue price of Rs 118. The stock listed at Rs 94, a decline of 20.33 per cent from the issue price on the BSE. It further tumbled 22.24 per cent to Rs [...]

IPO-bound SMT aims to become market leader in global vascular devices industry

New Delhi, Dec 19 (PTI) Cardiac stent maker Sahajanand Medical Technologies, which has been expanding its presence through buyouts, will continue to explore strategic partnerships and acquisition opportunities to fast-track entry into advanced high growth products, its top official said on Sunday. The company purchased medical devices firm Vascular Concepts in 2020 following the acquisitions [...]

LIC IPO unlikely to take place this fiscal due to delay in valuation

New Delhi, Dec 19 (PTI) The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and preparatory work is still far from complete. There are still some issues that [...]

Privatisation: Changing tracks aided Air India, derailed BPCL sale

New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]

Privatisation: Changing tracks aided Air India, derailed BPCL sale

New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]

Supriya Lifescience IPO subscribed 5.69 times on Day 2 of offer

New Delhi, Dec 17 (PTI) The initial share sale of Supriya Lifescience Limited received 5.69 times subscription on the second day of offer on Friday.The initial public offer (IPO) received bids for 8,27,05,698 shares against 1,45,28,299 shares on offer, as per NSE data.The category for Retail Individual Investor (RIIs) was subscribed 25.38 times, while non-institutional [...]

HP Adhesives IPO subscribed 20.96 times

New Delhi, Dec 17 (PTI) The initial public offer of HP Adhesives Limited was subscribed 20.96 times on the last day of subscription on Friday.The IPO received bids for 5,29,89,650 shares against 25,28,500 shares on offer, according to NSE data.The category for Retail Individual Investors (RIIs) was subscribed 81.24 times, non institutional investors 19.04 times, [...]

RateGain shares list with over 15 pc discount

New Delhi, Dec 17 (PTI) Shares of RateGain Travel Technologies Ltd on Friday listed with a discount of over 15 per cent against the issue price of Rs 425. The stock listed at Rs 364.80, a decline of 14.16 per cent from the issue price on the BSE. It further tumbled 19.45 per cent to [...]

HP Adhesives IPO subscribed 8 times on second day of subscription

New Delhi, Dec 16 (PTI) The initial public offer of HP Adhesives Limited was subscribed eight times on the second day of subscription on Thursday.The company's IPO received bids for 2,03,03,100 shares against 25,28,500 shares on offer, according to NSE data.The category for Retail Individual Investors (RIIs) was subscribed 40.29 times, non institutional investors 1.90 [...]

FHRAI urges Sebi again to suspend OYO’s IPO process

New Delhi, Dec 16 (PTI) Hospitality industry body FHRAI on Thursday again requested market regulator Sebi to suspend OYO's IPO process, citing non-disclosure of an investigation against the hotel chain for tax evasion, an allegation which the company has strongly denied. In a letter to the chairman of Securities and Exchange Board of India, Federation [...]

Data Patterns IPO subscribed 119.62 times

New Delhi, Dec 16 (PTI) The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to defence and aerospace sector, closed with 119.62 times subscription on Thursday. The IPO on the last day of subscription received bids for 84,89,85,725 shares against 70,97,285 shares on offer, according to the NSE data. The category [...]

Frequently Asked Questions

1. What is an IPO?

IPO is nothing but Initial Public Offering. When a company gets listed on the stock exchange for the first time it issues a public offering where retail investors, QIB’s etc can participate and pick u some share of the company.

2. What type of News will you get on IPO News?

IPO News on Trade Brains News will provide you with news relating to companies who have filed for an IPO, companies that are getting listed, IPO’s debut prices, IPO’s Grey market premium and more so that before applying for the IPO get all the information you need 

3. What is DHRP?

The DRHP document acts as a source of information so that investors can get insights as to why they should even consider investing in the company IPO. The DRHP includes important information about the company, its business, the industry it is in, current shareholders, and its financials among various other important information which is otherwise not available to the public.