Latest News on Upcoming IPO’s

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 [...]

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). [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 [...]

Kolkata, April 15 (PTI) Eastern India's leading jewellery retail chain, Senco Gold Limited has filed a draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs 525 crore through an initial public offering, sources in the company said. The IPO of Senco Gold comprises fresh issue of equity shares aggregating up to [...]

New Delhi, Apr 14 (PTI) Specialty chemical company Prasol Chemicals has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 800 crore through an initial share-sale.       The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an offer-for-sale (OFS) of up to [...]

Mumbai, Apr 13 (PTI) Investments by private equity and venture capital funds (PE/VC) declined by 22 per cent in March to USD 4.6 billion spread across 107 deals, a report said on Wednesday. The deal activity showed an increase of 54 per cent by value at USD 15.5 billion across 360 deals, largely on the [...]

New Delhi, Apr 12 (PTI) Ethnic wear fashion label Biba Fashion, which is backed by Warburg Pincus and Faering Capital, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 90 crore and an offer for sale (OFS) of 2.77 [...]

New Delhi, Apr 11 (PTI) Shares of Veranda Learning Solutions Ltd made a mixed debut on the exchanges on Monday, where it settled with 17 per cent premium on BSE against the issue price of Rs 137. In contrast, on the NSE, it ended at Rs 131.25 apiece, lower by 4.19 per cent. Earlier in [...]

New Delhi, Apr 11 (PTI) Float glass maker Gold Plus Glass Industry Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 300 crore and an offer-for-sale (OFS) up to 12,826,224 equity shares by [...]

Mumbai, Apr 8 (PTI) In a bid to improve customer service in regulated entities, the Reserve Bank of India on Friday said it will set up a panel to review and further strengthen consumer protection. "The Reserve Bank has over the years taken a number of measures to enhance consumer protection. These measures include laying [...]

Mumbai, Apr 7 (PTI) Insurance Regulatory and Development Authority of India (Irdai) has asked insurance companies to go for listing to improve their access to capital, its Chairman Debasish Panda said on Thursday.The listing will help insurance players to raise capital for growing their business and also deepening the insurance penetration in the country, he [...]

New Delhi, Apr 5 (PTI) DCX Systems, a leading player for the manufacture of electronic sub-systems and cable harnesses, has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO). The public issue comprises fresh issue of equity shares, aggregating up to Rs 500 [...]

New Delhi, Apr 5 (PTI) The Rs 130-crore Initial Public Offering (IPO) of Hariom Pipe Industries was subscribed 7.93 times on the final day of bidding on Tuesday on the back of a strong support from retail investors. The public issue received bids for 6.74 crore shares as against the 85 lakh on offer, translating [...]

New Delhi, Apr 1 (PTI) The government on Friday said that India has secured a leadership position in ITU's Council Standing Committee on Administration and Management with the appointment of an Indian officer as vice chairperson of the international body. International Telecommunication Union (ITU) is the United Nations specialised agency for information and communication. Aprajita [...]

New Delhi, Apr 1 (PTI) Financial services platform KFin Technologies has filed preliminary papers with market regulator Sebi to raise Rs 2,400 crore through an Initial Public Offering (IPO). The IPO is entirely an Offer-For-Sale (OFS) by promoter General Atlantic Singapore Fund Pte. Ltd, according to the Draft Red Herring Prospectus (DRHP). The company will [...]

New Delhi, Mar 31 (PTI) The initial public offering of Veranda Learning Solutions Limited was subscribed 3.53 times on the last day of the offer on Thursday. The Rs 200-crore public offer received bids for over 4.15 crore shares against 1.17 crore shares on offer, according to the data available with the NSE. The category [...]

New Delhi, Mar 31 (PTI) Yatharth Hospital & Trauma Care Services Ltd has filed preliminary papers with Sebi for an initial public offering that will include sale of fresh equity shares worth Rs 610 crore. The company operates and manages private hospitals in the Delhi-NCR region. The Initial Public Offering (IPO) consists of a fresh [...]

New Delhi, Mar 29 (PTI) Agrochemical manufacturer Hemani Industries Ltd has filed preliminary papers with Sebi to raise Rs 2,000 crore through an initial public offering. The Initial Public Offering (IPO) will comprise fresh issue of equity shares aggregating up to Rs 500 crore and an Offer For Sale (OFS) of equity shares worth up [...]

New Delhi, Mar 28 (PTI) Frozen meat exporter HMA Agro Industries has filed preliminary papers with markets regulator Sebi for an initial share sale worth Rs 480 crore. The Initial Public Offering (IPO) will comprise fresh issue of equity shares aggregating up to Rs 150 crore and an Offer For Sale (OFS) of equity shares [...]

New Delhi, Mar 28 (PTI) Retail jewellery chain Joyalukkas India Ltd has filed preliminary papers with Sebi to raise Rs 2,300 crore through an initial public offering. The Initial Public Offering (IPO) will comprise fresh issue of equity shares and there will be no Offer for Sale (OFS), according to the Draft Red Herring Prospectus [...]

New Delhi, Mar 25 (PTI) Chemical manufacturer Gujarat Polyols Chemicals Ltd (GPCL) has filed its preliminary papers with Sebi to raise Rs 414 crore through an initial public offering.The initial share sale comprises a fresh issue of equity shares aggregating up to Rs 87 crore and an offer-for-sale (OFS) of equity shares aggregating up to [...]

New Delhi, Mar 24 (PTI) PKH Ventures, a construction and hospitality firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The public issue comprises fresh issuance of 1.826 crore equity shares and an Offer For Sale (OFS) of 0.983 crore shares by its promoter, according [...]

New Delhi, Mar 24 (PTI) Baba Ramdev-led Patanjali Ayurved-owned Ruchi Soya on Thursday hit the capital market to raise Rs 4,300 crore through its follow-on public offer (FPO) as it aims to become a debt-free company.The issue closes on March 28. The price band has been fixed at Rs 615 to Rs 650 per share.Addressing [...]

New Delhi, Mar 24 (PTI) Vikram Solar has filed draft papers with markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 1,500 crore and an Offer-for-Sale (OFS) of up to 5,000,000 equity shares by the [...]

New Delhi, Mar 21 (PTI) The boards of Equitas Holdings and its subsidiary Equitas Small Finance Bank (ESFBL) have approved their merger plan, according to regulatory filings. The boards of directors of the two companies at their respective meetings approved the scheme of amalgamation between Equitas Holdings Ltd (transferor company) and Equitas Small Finance Bank [...]

New Delhi, Mar 21 (PTI) Finance Minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees' provident fund deposits to over four-decade low of 8.1 per cent, saying the rate is dictated by today's realities where interest rate on other small saving instruments was even lower. Replying to a debate [...]

New Delhi, Mar 17 (PTI) Corrtech International, a pipeline laying solutions provider, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue comprises fresh issuance of equity shares worth Rs 350 crore and an offer for sale of 40 lakh shares by promoters, draft [...]

Delhi, 16th March 2022: Pioneers and leading manufacturers of EV batteries in the country, Ipower Batteries Pvt Ltd’s Co-Director Ms. Chhavi Aggarwal bagged the ‘Inspirational Leader of the year’ award under the Women in Automotive Leadership Award 2022 organised by EMobility+. The company has been working around manufacturing innovative battery products as solution for EV. [...]

New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC. The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer. PTI RR ABM ABM

Recognized for the scale of deals closed in the past 12 months, reflecting its ‘One Axis’ philosophy Mumbai, Maharashtra, India (NewsVoir) Axis Bank, India’s third-largest private sector bank has been awarded IFR Asia’s Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space. The award [...]

New Delhi, Mar 12 (PTI) Sachin Bansal-led Navi Technologies has filed preliminary papers with Sebi to raise Rs 3,350 crore through an initial public offering (IPO).       The proposed IPO is completely through a fresh issue of equity shares and there will be no offer-for-sale (OFS), according to the draft red herring prospectus [...]

New Delhi, Mar 11 (PTI) Edtech firm Unacademy expects to go public in the next couple of years and is looking to make its core business of test preparation profitable in the next 12 months, a top company official said on Friday. Unacademy Group co-founder and CEO Gaurav Munjal also said the company is looking [...]

BENGALURU, India, March 11, 2022 /PRNewswire/ -- In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250+ crores and clocking an impressive IRR of 40% on their recommended portfolio. A testament to their explosive growth has been their research-first platform that empowers [...]

New Delhi, Mar 10 (PTI) Ebixcash Ltd, the Indian subsidiary of Nasdaq listed Ebix Inc, has filed preliminary papers with capital markets regulator Sebi to raise Rs 6,000 crore through an initial public offering. The funds will be garnered through fresh issuance of equity shares and there will not be any offer-for-sale (OFS) component, according [...]

New Delhi, Mar 9 (PTI) Proptech firm Square Yards has taken on lease around 30,000 square feet of office space in Pune from co-working operator 315Work Avenue as part of its strategy to consolidate and grow business. In a statement, 315Work Avenue said on Wednesday that it has signed up 800 seats with Square Yards. [...]

New Delhi, Mar 9 (PTI) NSE Managing Director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the [...]

New Delhi, Mar 9 (PTI) NSE Managing Director and CEO Vikram Limaye on Wednesday said he will not seek a second term at the stock exchange. "I have informed the board that I am not interested in pursuing a second term and will therefore not be applying and participating in the process that is underway. [...]

Transformed from Renaissance Mumbai Convention Centre Hotel, The Westin Mumbai Powai Lake is set to be the city’s New Haven of well-being Mumbai, Maharashtra – March 8th, 2022 - Westin Hotels & Resorts, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, continues to propel its footprint in India with the opening of The [...]