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Pharma company Innova Captab files IPO papers with Sebi

Pharma company Innova Captab files IPO papers with Sebi

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 [...]

IPO Market: Mega wealth destroying IPOs of 2022

IPO Market: Mega wealth destroying IPOs of 2022

Referring to IPOs, Warren Buffet said, “You don't want to get into a stupid game just because it's available,” at the Annual Meeting of Berkshire Hathaway in 2016. The prospects of earning multi-bagger returns are tempting. IPOs attract multifold subscriptions during their bidding period. Despite all the fanfare, many have been wealth destroyers for the [...]

Inox Green Energy Services files fresh draft papers with Sebi for Rs 740-cr IPO

Inox Green Energy Services files fresh draft papers with Sebi for Rs 740-cr IPO

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 files Rs 550 cr IPO papers with Sebi

Deltatech Gaming files Rs 550 cr IPO papers with Sebi

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 prepping for IPO; seeks valuation of USD 8-10 billion

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

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 [...]

LIC shares tumble nearly 6%; down over 29% from issue price

LIC shares tumble nearly 6%; down over 29% from issue price

Shares of Life Insurance Corporation of India (LIC) continued to fall for the tenth day running on Monday and tumbled nearly 6 per cent. The stock tanked 5.85 per cent to settle at Rs 668.20 apiece on the BSE. During the day, it plunged 6 per cent to Rs 666.90. On the NSE, it tumbled [...]

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Concord Enviro Systems files IPO draft papers with Sebi

Concord Enviro Systems, an environmental engineering solutions firm, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 35,69,180 equity shares by promoters and an investor, according to the draft red herring [...]

Pharma company Innova Captab files IPO papers with Sebi

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 [...]

IPO Market: Mega wealth destroying IPOs of 2022

Referring to IPOs, Warren Buffet said, “You don't want to get into a stupid game just because it's available,” at the Annual Meeting of Berkshire Hathaway in 2016. The prospects of earning multi-bagger returns are tempting. IPOs attract multifold subscriptions during their bidding period. Despite all the fanfare, many have been wealth destroyers for the [...]

Deltatech Gaming files Rs 550 cr IPO papers with Sebi

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 prepping for IPO; seeks valuation of USD 8-10 billion

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 [...]

LIC shares tumble nearly 6%; down over 29% from issue price

Shares of Life Insurance Corporation of India (LIC) continued to fall for the tenth day running on Monday and tumbled nearly 6 per cent. The stock tanked 5.85 per cent to settle at Rs 668.20 apiece on the BSE. During the day, it plunged 6 per cent to Rs 666.90. On the NSE, it tumbled [...]

Foxconn Bharat FIH gets Sebi nod to float Rs 5,000 cr IPO

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 [...]

Tamilnad Mercantile Bank gets nod from Sebi to float IPO

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 [...]

eMudhra shares debut with nearly 6% premium

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 [...]

PayMate India files IPO papers with Sebi to raise Rs 1,500 cr

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 [...]

Ethos shares list with 6% discount to issue price

Shares of luxury and premium watch retail player Ethos Ltd on Monday listed with a discount of 6 per cent against the issue price of Rs 878. The stock made its debut at Rs 830, registering a decline of 5.46 per cent from the issue price on the BSE. It further tumbled 9.24 per cent [...]

Paradeep Phosphates shares gain nearly 5% on debut

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, [...]

Aether Industries IPO subscribed 6.26 times on final day of offer

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 [...]

Aether Industries IPO gets 49% subscription on second day of offer

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) [...]

eMudhra IPO gets 2.72 times subscription on final day of offer

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 [...]

OYO plans IPO after September, may settle for lower valuation

Hospitality and travel-tech firm OYO is looking to launch its initial public offer after September and has written to stock market regulator Sebi, seeking to file updated and restated consolidated financial information. The company, which had filed preliminary papers with Sebi to raise Rs 8,430 crore through an initial share sale in October last year, [...]

Venus Pipes shares rise over 3.5% in debut trade

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, [...]

Sebi slaps Rs 50 lakh fine on individual for fraud in IPOs

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 [...]

Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors

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 [...]

Ethos IPO gets fully subscribed on last day of offer

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 [...]

Luxury watch player Ethos IPO gets 44% subscription on second day

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 [...]

Paradeep Phosphates IPO subscribed 1.75 times on last day of subscription

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 IPO to open on May 24

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 [...]

LIC lists at 8.11% discount at Rs 872 per share on NSE

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 [...]

IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of 10,72,66,532 equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to [...]

FirstMeridian Business Services files Rs 800-cr IPO papers with Sebi

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 [...]

Venus Pipes IPO subscribed 2.37 times on first day of offer

The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day. The category meant for Retail Individual Investors (RIIs) received 4.10 times subscription, while the portion for non-institutional investors got subscribed fully and Qualified Institutional [...]

Venus Pipes IPO fully subscribed within first few hours of opening

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 [...]

LIC IPO subscribed nearly 3 times; govt raises Rs 21,000 cr

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 [...]

Campus Activewear shares jump nearly 30% in debut trade

Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday and jumped nearly 30 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. During the day, it zoomed 43 per [...]

LIC IPO: QIB portion fully subscribed on last day, Overall subscription at little over 2 times

Shares reserved for Qualified Institutional Buyers (QIB), including banks and mutual funds in the LIC's public offer were subscribed fully on Monday morning, taking the overall subscription of the issue to a little over 2 times. Against 3,95,31,236 reserved, 4,61,62,185 bids were received, reflecting a subscription of 1.17 times, according to data posted on stock [...]

Campus Activewear shares debut with over 23% premium

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 [...]

LIC IPO’s NII portion fully subscribed on Day 4; offer closes on Monday

New Delhi, May 7 (PTI) Shares reserved for non-institutional investors, including high networth individuals, in the LIC's public offer were subscribed fully on the fourth day on Saturday, taking the overall subscription of the issue to 1.66 times. A total of 3,21,59,055 bids were received for 2,96,48,427 shares reserved for NIIs, reflecting a subscription of [...]

Indian Bank unveils digital broking solution

Chennai, May 7 (PTI) Public sector Indian Bank has unveiled digital broking solution -- E-Broking -- allowing customers to open a demat and trading account facility, in line with the digitalisation mission of the bank, an official said on Saturday. The launch of digital broking solution 'E-Broking' was a strategic step towards complete digitalisation of [...]

RBI gives no-objection for merger of Equitas SFB, Equitas Holdings

New Delhi, May 6 (PTI) Equitas Small Finance Bank and the parent Equitas Holdings Ltd on Friday said that the Reserve Bank of India has given its no-objection to their proposal of amalgamation, subject to conditions. "We would like to inform that RBI in its letter dated May 6, 2022 has conveyed its no-objection to [...]

LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday

New Delhi, May 6 (PTI) LIC's public offer, the country's biggest-ever IPO, witnessed full subscription of the retail portion on day three on Friday. The overall issue was subscribed 1.38 times, according to data posted on stock exchanges on 7 pm. Against 16,20,78,067 shares on offer, 22,36,98,915 bids were received. However, the Qualified Institutional Buyer [...]

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

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 IPO fully subscribed on day 2; offer closes on May 9

New Delhi, May 5 (PTI) LIC's public offer, the country's biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday. Against 16,20,78,067 shares on offer, 16,68,60,765 bids were received -- translating into a subscription of 1.03 times, as per data on stock exchanges as of 7 pm. However, the Qualified Institutional Buyer [...]

Venus Pipes & Tubes IPO to open on May 11

New Delhi, May 5 (PTI) The initial share-sale of Venus Pipes & Tubes will open for public subscription on May 11. The public issue, comprising sale of 50.74 lakh equity shares of the company, will conclude on May 13. The bidding for anchor investors will open on May 10, according to the red herring prospectus (RHP). [...]

RBI taking inflation, inflationary expectations seriously: Uday Kotak

Mumbai, May 4 (PTI) Reserve Bank of India's surprise move to hike repo rate reflects that the central bank is taking inflation and inflationary expectations very 'seriously', veteran Banker Uday Kotak said on Wednesday. He expects a 100 basis points repo rate hike in the current fiscal. The RBI on Wednesday after an unscheduled MPC [...]

ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank

Mumbai, May 4 (PTI) Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The [...]

ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank

Mumbai, May 4 (PTI) Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The [...]

LIC IPO subscribed 0.29 times till noon

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 [...]

Plaza Wires files draft papers for IPO

New Delhi, May 3 (PTI) Plaza Wires Ltd has filed initial papers with Sebi to raise funds through an initial public offering. The IPO (Initial Public Offering) will have a fresh issue of 1,64,52,000 equity shares, according to the Draft Red Herring Prospectus (DRHP). The company may consider a pre-IPO placement of equity shares. If [...]

LIC reaches its policyholders via SMS on IPO eve

New Delhi, May 3 (PTI) Ahead of its initial public offering, insurance behemoth LIC on Tuesday approached its policyholders through SMS and other medium to inform them about the share sale. The Initial Public Offering (IPO) of LIC opens for retail and institutional investors on Wednesday and will close on May 9. LIC has fixed [...]

Prudent Corporate Advisory Services IPO to open on May 10

New Delhi, May 3 (PTI) The initial public offer of Prudent Corporate Advisory Services Ltd, a retail wealth management firm, will open on May 10. The IPO, which is entirely an Offer for Sale (OFS) of 85,49,340 equity shares, will close on May 12. The bidding date for anchor investors will be May 9, according [...]

LIC raises Rs 5,627 cr from anchor investors led by domestic institutions

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 [...]

LIC anchor book of Rs 5,620 cr fully subscribed

New Delhi, May 2 (PTI) The anchor investor portion of LIC's initial public offering has been subscribed fully, garnering around Rs 5,620 crore, according to an official. The issue opened for anchor investor subscription on Monday and saw 'excellent' response, the official said, adding that the list will be uploaded to exchanges tonight. "Anchor book [...]

NSEL case: Sebi cancels registration of Alpha Commodity

New Delhi, Apr 29 (PTI) Capital markets regulator Sebi on Friday cancelled the registration of Alpha Commodity for facilitating its clients to trade in illegal contracts on National Spot Exchange Ltd (NSEL) and failing to fulfil the "fit and proper" criteria.By providing such a facility for taking exposure to 'paired contracts', the broker has engaged [...]

Rainbow Children’s IPO subscribed 12.43 times on last day of offer

New Delhi, Apr 29 (PTI) The Rs 1,581-crore initial public offer of Rainbow Children's Medicare was subscribed 12.43 times on the last day of subscription on Friday. It received bids for 25,49,03,787 shares against 2,05,14,617 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) got subscribed 38.90 [...]

LIC IPO price attractive; lot of growth potential: Chairman Kumar

New Delhi, Apr 29 (PTI) LIC IPO pricing is very attractive and investors can look forward to returns in the years to come as the company has potential for growth, LIC Chairman MR Kumar said on Friday.More than the embedded value one should look at the value for new business (VNB) going forward, and it [...]

Inox Green Energy Services scraps IPO plans; withdraws draft papers

New Delhi, Apr 29 (PTI) Inox Wind on Friday said its arm Inox Green Energy Services Ltd (IGESL) has decided to withdraw its proposed Rs 740 crore initial share sale offer. The Initial Public Offering (IPO) was slated to issue fresh shares worth Rs 370 crore, besides an Offer for Sale (OFS) of equity stocks [...]

Campus Activewear IPO subscribed 51.75 times on last day of subscription

The initial public offer of athleisure footwear company Campus Activewear was subscribed 51.75 times on the last day of subscription on Thursday, mainly helped by strong interest from institutional buyers. According to the NSE data, the IPO (Initial Public Offer) got bids for 1,74,02,02,110 shares against 3,36,25,000 shares on offer. The portion meant for Qualified [...]

6.48 crore policyholders keen to buy LIC IPO, says official

Bengaluru, Apr 28 (PTI) Ever since the Life Insurance Corporation (LIC) announced launching the initial public offering (IPO), 6.48 crore LIC policyholders have shown interest to get the much-touted share of the largest insurance company in the country, an official said. “The response to our IPO launch is wonderful. We have some figures: 6.48 crore [...]

Govt says LIC share sale right-sized to make it sail through

Mumbai, Apr 27 (PTI) The government on Wednesday said the share sale of LIC has been trimmed to Rs 20,557 crore to "right-size" it so as not to crowd out capital inflow to the market given the present constrained sentiment, and insisted that the issue is value accretive for all, especially for retail investors. Announcing [...]

Uniparts India files draft IPO papers with Sebi

New Delhi, Apr 27 (PTI) Engineering systems and solutions provider Uniparts India Ltd has filed preliminary papers with the capital markets regulator Sebi to raise funds through an IPO. According to the Draft Red Herring Prospectus (DRHP), the initial share sale is entirely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group [...]

Ahead of IPO, Rainbow Children’s Medicare collects Rs 470 cr from anchor investors

New Delhi, Apr 26 (PTI) Multi-speciality pediatric hospital chain Rainbow Children's Medicare Ltd on Tuesday said it has garnered nearly Rs 470 crore from anchor investors ahead of its initial public offering (IPO). The company has decided to allocate a total of 8,663,404 equity shares to anchor investors at Rs 542 apiece, taking the transaction [...]

LIC fixes price band at Rs 902-949 a share for Rs 21,000 cr IPO

New Delhi, Apr 26 (PTI) Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21,000 crore public offer that is likely to open on May 4, sources said. Life Insurance Corporation (LIC) would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. [...]

Campus Activewear raises Rs 418 cr from anchor investors ahead of IPO

New Delhi, Apr 25 (PTI) Athleisure footwear company Campus Activewear on Monday said it has garnered a little over Rs 418 crore from anchor investors ahead of its initial share-sale. The company has decided to allocate a total of 14,325,000 equity shares to anchor investors at Rs 292 apiece, aggregating the transaction size to Rs [...]

Much awaited LIC IPO to open on May 4: Sources

The initial public offering of the country's largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at Rs 6 [...]

Indian-origin entrepreneur fires ‘starting gun’ for futuristic transport

London, Apr 25 (PTI) An Indian-origin entrepreneur is celebrating what he describes as firing the "starting gun" for futuristic transport, with the opening of the UK’s first mini-airport or vertiport for public demonstrations from Monday. Ricky Sandhu, Founder and Executive Chairman of Urban-Air Port, said the opening of Air-One in Coventry, central England, is momentous [...]

Govt cuts LIC IPO size to 3.5%, issue to hit markets in May 1st week

New Delhi, Apr 23 (PTI) The government is likely to cut the size of the initial public offering of LIC to 3.5 per cent to raise around Rs 21,000 crore from the issue which would hit the capital markets in the first week of the next month. The government in February had planned to sell [...]

Rainbow Children’s Medicare sets IPO price band at Rs 516-542 per share

Multi-speciality pediatric hospital chain Rainbow Children's Medicare Ltd on Friday said it has fixed a price band of Rs 516-542 a share for its Rs  1,581-crore initial public offering (IPO). The-three day initial share sale will be open for public subscription during April 27-29, and the bidding for anchor investors will open on April 26, [...]

Udaipur-based Sah Polymers files draft papers with Sebi for IPO

New Delhi, Apr 22 (PTI) Sah Polymers Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will be a fresh issue of 1,02,00,000 equity shares, with no offer-for-sale component, according to the draft red herring prospectus (DRHP). Proceeds from the issue will be utilised [...]

OYO witnesses record 8 lakh bookings during April 11-17 period

New Delhi, Apr 21 (PTI) IPO-bound travel tech firm OYO on Thursday said more than 8 lakh bookings were made primarily through its app and website over the April 11-17 period, with Manali, Haridwar, Amritsar, Goa and Mysore emerging among the most sought-after leisure destinations. With relaxation of pandemic-related curbs, high vaccination rates, increase in [...]

Campus Activewear sets IPO price band at Rs 278-292 per share

New Delhi, Apr 21 (PTI) Athleisure footwear company Campus Activewear on Thursday fixed a price band of Rs 278-292 a share for its Rs 1,400-crore initial public offering (IPO). The three-day initial share-sale will open for public subscription from April 26 and the bidding for anchor investors will open on April 25, according to the [...]

Govt can earn more money by share sales, incremental profit if it corporatises its cos: Anil Agarwal

Mumbai, Apr 21 (PTI) Vedanta group chairman Anil Agarwal on Thursday suggested that the government can earn more money by share sales and incremental profit if it corporatises its companies instead of privatising them.The comments from Agarwal, who has taken over a few central units through the divestment process in the past, assume importance as [...]

Campus Activewear sets IPO price pand at Rs 278-292 per share

New Delhi, Apr 21 (PTI) Athleisure footwear company Campus Activewear on Thursday fixed a price band of Rs 278-292 a share for its Rs 1,400-crore initial public offering (IPO). The three-day initial share-sale will open for public subscription from April 26 and the bidding for anchor investors will open on April 25, according to the [...]

Strengthening footprint in southern market, says U Foods India

Chennai, Apr 20 (PTI): U Foods, a Hong Kong-based fast-moving consumer goods major, was strengthening its footprint in south India after focusing on the north and western markets of the country, a top official of the company said here on Wednesday. An exclusive branding and sales team has been set up for the expansion plan [...]

IPOs: Sebi streamlines payment process via UPI

New Delhi, Apr 20 (PTI) Capital markets regulator Sebi on Wednesday streamlined the payment of processing fee through the Unified Payments Interface (UPI) system for shares applied for and allotted during an initial public offering (IPO). In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported [...]

Campus Activewear IPO to open on Apr 26

New Delhi, Apr 20 (PTI) The initial share-sale of sports and athleisure footwear company Campus Activewear will open on April 26. The three-day Initial Public Offering (IPO) will conclude on April 28. The bidding for anchor investors will open on April 25, according to the company's draft red herring prospectus filed with markets regulator Sebi. [...]

Pantomath Group announces first closure of pre-IPO fund

New Delhi, Apr 20 (PTI) Financial services firm Pantomath Group on Wednesday announced the first closure of its Rs 500-crore pre-IPO fund 'India Inflection Opportunity Fund'. The category II Alternate Investment Fund (AIF) aims to harness opportunity of investing at pre-IPO stage in Indian growth stage businesses that are on the verge of a big [...]

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.