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 [...]
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 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 [...]
Top Latest News on IPO
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 [...]
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 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 [...]
Prudent Corporate Advisory shares jump nearly 5% in debut trade
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 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 [...]
Aether Industries’ Rs 808-cr IPO to open on May 24; price band at Rs 610-642 per share
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 [...]
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 [...]
Luxury watch player Ethos garners Rs 142 cr from anchor investors ahead of IPO
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 [...]
Weak LIC listing due to volatile markets; investors should hold on to stock for long term: DIPAM Sec
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 [...]
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 [...]
Govt fixes LIC issue price at Rs 949 a share; policyholders, retail investors get discount
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, [...]
SC denies interim relief to policyholders seeking stay on LIC IPO shares allotment
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 [...]
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 [...]
Paradeep Phosphates IPO to open on May 17; govt to sell its entire stake
Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in the company. The [...]
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 [...]
Ahead of IPO, Delhivery collects Rs 2,347 cr from anchor investors
Supply chain company Delhivery on Tuesday raised Rs 2,347 crore from anchor investors, ahead of its initial share-sale, which opens for public subscription on Wednesday The company has decided to allocate a total of 4,81,87,860 equity shares to anchor investors at Rs 487 apiece, which is also the upper end of the price band, aggregating [...]
Rainbow Children’s Medicare shares list at nearly 7% discount
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, [...]
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 [...]
Inox Green Energy board approves proposal to raise Rs 900 cr via IPO
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 [...]
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 [...]
Govt to invite financial bids for SCI sale by Sept; Shipping House, MTI to be hived off
New Delhi, May 8 (PTI) The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute and some other non-core assets [...]
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 [...]
Bank officers union objects to opening of branches on Sunday for LIC IPO subscription
New Delhi, May 6 (PTI) Bank officers union AIBOC has objected to the RBI's decision to open ASBA-designated branches on Sunday to facilitate subscription to the public offer of LIC, saying it will serve no purpose as most of the applications are filed digitally. Most of the branches are ASBA (Application Supported by Blocked Amount) [...]
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 [...]
Federal Bank books highest quarterly net profit at Rs 540.5 cr on falling NPAs
Mumbai, May 6 (PTI) Federal Bank on Friday reported its highest quarterly net profit at Rs 540.54 crore for the March 2022 quarter, up 13.13 per cent year-on-year, on improved asset quality and higher loan sales.The Kochi-based bank also guided towards 15 per cent asset growth and matching deposit mop-up this fiscal despite the end [...]
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 [...]
Delhivery IPO to open on May 11; sets price band at Rs 462-487 per share
New Delhi, May 5 (PTI) Supply chain company Delhivery on Thursday said it has set a price band of Rs 462-487 a share for its Rs 5,235-crore initial public offering (IPO), which will open for subscription on May 11. At the upper end of the price band, the company is valued at Rs 35,284 crore, [...]
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). [...]
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67 pc on day 1
New Delhi, May 4 (PTI) LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public [...]
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 [...]
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 66 pc on day 1
New Delhi, May 4 (PTI) LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 66 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. The LIC [...]
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 0.66 pc on day 1
New Delhi, May 4 (PTI) LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 0.66 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. The LIC [...]
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 [...]
Solo Abstract Art Exhibition Themed ‘Life and its Scaffoldings’ by K Padmakar, a Veteran HR Professional
Mumbai, Maharashtra, India (NewsVoir) K Padmakar, a HR professional from TISS, Mumbai, has recently superannuated as Director HR from the Public Sector Giant, Bharat Petroleum Corporation Limited, after a total service of 37+ years in various capacities across the levels. For a year he also took additional charge as Chairman & Managing Director of the [...]
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 [...]
FinMin, Sebi to take call on relaxation in LIC meeting minimum public holding norm: DIPAM Secy
New Delhi, Apr 29 (PTI) The Finance Ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday.Under the Sebi's minimum public shareholding norms, listed entities with a valuation of over one lakh crore need [...]
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 [...]
JSW steel to set up Rs 150-crore steel plant in South Kashmir; Apollo hospital to come up in Jammu
Jammu, Apr 27 (PTI) JSW Steel Limited and Apollo Hospitals became the first major corporations to buy land in Jammu and Kashmir after the scrapping of Article 370 in 2019 to set up their units in the region.While JSW steel limited is all set to come up with its Rs 150 crore project in south [...]
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 [...]
LIC sets price band at Rs 902-949 per share for Rs 21,000 cr IPO; issue opens May 4
Mumbai, Apr 27 (PTI) Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open for subscription on May 4. At the upper end of the price band the government will garner around Rs 21,000 crore. With this [...]
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 [...]
IPO-bound Campus garners 37 pc topline from online sales in first nine months of FY22
Mumbai, Apr 25 (PTI) IPO-bound sports shoe maker Campus Activewear saw its online sales jump to around Rs 400 crore, accounting for 37 per cent of total sales in the nine months ended December 2021, primarily driven by small town shoppers. The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the [...]
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 [...]
Retail investors’ shareholding in Paytm more than doubles, Canada Pension Plan raises stake
New Delhi, Apr 21 (PTI) Paytm owner One97 Communications on Thursday posted a shareholding update which showed that retail shareholders have more than doubled their stake in the company. Canada Pension Plan Investment Board (CPPIB) has also increased its stake in Paytm from 1.57 to 1.71 per cent in the quarter ended March 2022, according [...]
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 [...]
Indian SaaS to reach USD $ 100 Bn in revenues by 2026, says a new report by Chiratae, Zinnov
• Continued momentum in the creation of SaaS unicorns will propel India to surpass China and become the 2nd largest SaaS nation in the world • Venture Capital investments will continue to flow into SaaS companies and is projected to touch USD $ 6.5 Bn, a 55% increase over last year's investments of USD $ [...]
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 [...]
Godavari Biorefineries to launch over Rs 700 cr IPO at right time, watching geo-political situation
New Delhi, Apr 17 (PTI) Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Sunday said it is watching the geo-political situation and will make its share market debut "at the right time". Godavari Biorefineries Ltd CEO and Managing Director Samir Somaiya told PTI that the company has already received the market regulator Sebi's final [...]
UPI to stay on top; BNPL, digi currency to drive digital payments growth in next 5 years: Report
New Delhi, Apr 17 (PTI) Retail online transaction platform UPI will likely continue to dominate the digital payments space in the country even as newer methods such as BNPL and digital currency are expected to define the future of payments, a study has said. Unified Payments Interface (UPI), Buy Now Pay Later (BNPL), Central Bank [...]
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.