Latest News on Upcoming IPO’s

New Delhi, Mar 7 (PTI) Hexagon Nutrition has received capital markets regulator Sebi's approval to raise up to Rs 600 crore through an initial public offering (IPO).The company's public issue consists of a fresh issue of equity shares aggregating to Rs 100 crore, and an offer for sale (OFS) of up to 30,113,918 equity shares, [...]

New Delhi, Mar 7 (PTI) India Exposition Mart Ltd, a leading integrated exhibitions and conventions venue, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 600 crore through an initial public offering. The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer-for-sale (OFS) of [...]

New Delhi, Mar 7 (PTI) Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO). The funds will be raised through fresh issuance of equity shares, the draft red herring prospectus (DRHP) filed with Sebi showed on Monday. Funds to the [...]

New Delhi, Mar 6 (PTI) India will miss its revised disinvestment target for the second time in the past eight years by a wide margin, as the government may not be able to raise an expected over Rs 60,000 crore from the IPO of insurance behemoth LIC in 2021-22. Since the Modi government came to [...]

New Delhi, Mar 4 (PTI) Leading stock exchange NSE, which is facing allegations of governance lapses, has started the hunt for a new managing director and chief executive officer as the five-year tenure of incumbent chief Vikram Limaye is ending in July.The exchange has invited applications from candidates having IPO (initial public offering) experience for [...]

New Delhi, Mar 3 (PTI) IPO-bound Life Insurance Corporation (LIC) has appointed Sunil Agrawal as its chief financial officer (CFO). Agrawal took charge on Wednesday, sources said. This is the first time that LIC has appointed an outsider as CFO. Prior to this, LIC Executive Director Shubhangi Sanjay Soman was holding charge as CFO of [...]

New Delhi, Mar 3 (PTI) IPO-bound OYO on Thursday said it has appointed Prakash Padariya as the Chief Information Security Officer for IT and security teams.  "In his role at OYO, Prakash will helm a security strategy for OYO's systems globally, including regions such as India, SEA (Southeast Asia), Europe, the USA and the UK," the [...]

Kolkata, Mar 2 (PTI) City-based UCO Bank on Wednesday said it has tied up with fintech firm Fisdom for launching paperless facilities of Demat account, pension fund, e-tax filing and stockbroking services through mobile banking channel. UCO Bank customers will now be able to track stocks, evaluate their performance, learn about IPOs and secondary capital [...]

New Delhi, Feb 28 (PTI) Unichem Laboratories Ltd on Monday said it has received approval from the US health regulator to market its generic version of Divalproex Sodium extended-release tablets used for treatment bipolar disorder and migraine. The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) [...]

New Delhi, Feb 26 (PTI) The government on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer, sources said. The decision in this regard was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi. [...]

New Delhi, Feb 26 (PTI) The Union Cabinet on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer, sources said. The decision in this regard was taken by the Cabinet, chaired by Prime Minister Narendra Modi. [...]

Mumbai, Feb 22 (PTI) Finance Minister Nirmala Sitharaman Tuesday said there is a lot of interest and buzz in the market for the upcoming initial public offering of Life Insurance Corporation of India (LIC). She also indicated that the Initial Public Offering (IPO) will happen in the current financial year. On February 13, the state-owned [...]

Mumbai, Feb 21 (PTI) The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger as well as holder of household savings, dwarfing even SBI deposits, as per a report. Holding [...]

New Delhi, Feb 19 (PTI) Fedbank Financial Services Ltd (FedFina), which is promoted by Federal Bank, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).   The public issue consist of a fresh issue aggregating up to Rs 900 crore and an Offer for Sale (OFS) [...]

Mumbai, Feb 14 (PTI) Vedant Fashions, which owns the ethnic wear brand Manyavar, is getting listed on the NSE on Wednesday following the completion of its Rs 3,149-crore offer-for-sale share sale last week, which was subscribed 2.6 times. Based on the upper end of the IPO price band of Rs 866 a share, the company's [...]

New Delhi, Feb 13 (PTI) Setting the stage for the country's biggest ever public offering, Life Insurance Corporation on Sunday filed draft papers with capital market regulator Sebi for the sale of 5 per cent stake by the government for an estimated Rs 63,000 crore. The initial public offering of over 31.6 crore shares or [...]

New Delhi, Feb 13 (PTI) The government on Sunday filed draft papers with capital market regulator Sebi for the mega initial public offering (IPO) of insurance behemoth Life Insurance Corporation, aiming to mobilise an estimated Rs 63,000 crore. The IPO, which is likely to hit the capital market in March, is entirely an Offer for [...]

New Delhi, Feb 13 (PTI) The government on Sunday filed draft papers with capital market regulator Sebi for selling 5 per cent stake in insurance behemoth LIC through an initial public offering which is likely to hit D-street in March. "The DRHP of LIC IPO has been filed today with the SEBI. For filing valuation [...]

New Delhi, Feb 11 (PTI) Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, is likely to hit the capital market with its follow-on public offer (FPO) in the last week of this month to raise up to Rs 4,300 crore, sources said. In August last year, the company had received [...]

New Delhi, Feb 11 (PTI) Kids Clinic India Ltd, which operates super-specialty mother and babycare chain Cloudnine, has filed preliminary prospectus with Sebi to raise Rs 1,200 crore through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) [...]

New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed the draft papers with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).The proposed offer consists of a fresh issue of equity shares aggregating up to Rs 370 [...]

New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed drat paper with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).IGESL has filed a draft red herring prospectus with the Securities and Exchange Board of India on [...]

New Delhi, Feb 6 (PTI) Cogent E-Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 94.68 lakh equity shares by promoters, [...]

Mumbai, Feb 6 (PTI) The IPO-bound national insurer Life Insurance Corporation (LIC) is not only the world's largest when it comes to home-market share with over 64.1 per cent of the total gross written premium as of 2020 but also the one that offers the highest return on equity at 82 per cent, apart from [...]

New Delhi, Feb 6 (PTI) Ahead of initial public offering (IPO), Life Insurance Corporation (LIC) has last month appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former financial services secretary Anjuly Chib Duggal, ex-Sebi member G Mahalingam, former SBI Life managing director Sanjeev Nautiyal, sources said. Besides, [...]

Mumbai, Feb 5 (PTI) The nearly seven-decades-old 'Khadi Emporium' has been banned for selling fake Khadi products by the Khadi and Village Industries Commission (KVIC), a statement said on Saturday. The commission, which is under the Union Ministry of Micro, Small and Medium Enterprises, has adopted a “zero tolerance” policy against sale of spurious or [...]

Mumbai, Feb 5 (PTI) IPO-bound Life Insurance Corporation of India (LIC) has launched a campaign for revival of individual lapsed policies. Policies, which are in a lapsed condition during the premium paying term and not completed policy term, are eligible to be revived in this campaign, which will begin from February 7 and on March [...]

New Delhi, Feb 4 (PTI) Edible oil major Adani Wilmar on Friday finalised the issue price of its Rs 3,600 crore initial public offering (IPO) at Rs 230 per share. In a regulatory filing, Adani Enterprises said Adani Wilmar has finalised the issue price for the equity shares at Rs 230 apiece. The price band [...]

New Delhi, Feb 4 (PTI) Harsha Engineers International, a manufacturer of precision bearing cages, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 755 crore through an initial public offering (IPO).The public issue consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer for sale (OFS) [...]

New Delhi, Feb 3 (PTI) Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday. The company has decided to allot 1,09,09,450 equity shares to anchor investors at Rs 866 apiece, which is also the upper band [...]

New Delhi, Feb 2 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) will soon approach the Union Cabinet to seek its approval on changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, a top government official said on Wednesday. DPIIT Secretary Anurag Jain said [...]

New Delhi, Feb 2 (PTI) The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday. In an interview with PTI, Tuhin Kanta Pandey, Secretary [...]

New Delhi, Feb 2 (PTI) The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday. In an interview with PTI, Tuhin Kanta Pandey, Secretary [...]

New Delhi, Feb 1 (PTI) The government's receipts from disinvestment proceeds in the next financial year beginning April have been pegged at Rs 65,000 crore, lower than the current year's estimated mobilisation of Rs 78,000 crore. With budgeted disinvestment targets rarely being met, Finance Minister Nirmala Sitharaman's fourth Budget drastically reduced the receipts to an [...]

Johannesburg, Jan 31 (PTI) South Africa's leading Exchange Traded Funds (ETF) trader Satrix on Monday launched a new fund that creates investment opportunities in top Indian companies.Satrix said that as one of the largest and fastest growing economies in the world, India represents a unique investment opportunity among emerging markets."We’re pleased to announce the opening [...]

New Delhi, Jan 31 (PTI) Hariom Pipe Industries has received capital markets regulator Sebi's go ahead to raise Rs 100-120 crore through an initial public offering.     The public issue comprises sale of 85 lakh equity shares of the company, the Draft Red Herring Prospectus (DRHP) filed with Sebi showed.         [...]

New Delhi, Jan 31 (PTI) Increasing the number of examiners and reducing the application process time are some of the steps that can help in growing the number of patents granted in India, according to the pre-Budget Economic Survey tabled on Monday. The Economic Survey 2021-22, tabled by Finance Minister Nirmala Sitharaman in Parliament, said [...]

New Delhi, Jan 31 (PTI) Shares of payment solutions provider AGS Transact Technologies Ltd on Monday made a flat market debut, listing at Rs 176 on the BSE, against the issue price of Rs 175. The stock made its debut at Rs 176, registering a marginal gain of 0.57 per cent from the issue price [...]

Mumbai, Jan 30 (PTI) Leading payment solutions provider AGS Transact Technologies, which has completed a Rs 680-crore share sale over eight times subscription last week, is listing on Monday with debut trade taking place on the BSE. The IPO, which was carried out through an offer for sale, received bids for 22.35 crore shares against an [...]

Kolkata, Jan 28 (PTI) The ongoing correction in capital market has not dented valuation of Kolkata-based ethnic wear major Vedant Fashions' initial public offer that aims to raise Rs 3,149 crore, a company official said on Friday. The company, whose flagship brand is the male ethic 'Manyavar' label, has fixed its issue price band at [...]

New Delhi, Jan 28 (PTI) Agrochemicals company Dharmaj Crop Guard has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 300 crore through an initial share-sale.       The initial public offering (IPO) consists of fresh issue of equity shares worth up to Rs 216 crore and an offer-for-sale (OFS) [...]

New Delhi, Jan 28 (PTI) Employee stock option management platform ZenEquity on Friday said it will offer its services to the staff and alumni of IPO-bound travel tech firm OYO. Under a tie-up between the two companies, ZenEquity's platform will provide an end-to-end solution that would make viewing, managing and exercising Employee Stock Ownership Plan [...]

New Delhi, Jan 27 (PTI) The Cell for IPR Promotion and Management (CIPAM) has been designated as the national focal point to establish and develop technology and innovation support centres (TISCs) across the country in the coming years, in collaboration with the World Intellectual Property Organization (WIPO), according to an official public notice. CIPAM was [...]

New Delhi, Jan 26 (PTI) Edible oil major Adani Wilmar will on Thursday hit the capital market to raise up to Rs 3,600 crore through its Initial Public Offer (IPO). The proceeds of the public issue will be used to fund capital expenditure, reduce debt and for acquisitions as the company seeks to become India's [...]

New Delhi, Jan 26 (PTI) Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said. Macrotech Developers markets [...]

New Delhi, Jan 21 (PTI) The Rs 680-crore initial public offering of payment solutions provider AGS Transact Technologies was subscribed more than eight times on Friday, the final day of the bidding process, on robust support from investors.       The IPO received bids for 22.35 crore equity shares against an offer size of [...]

New Delhi, Jan 21 (PTI) Adani Wilmar Ltd on Friday fixed a price band of Rs 218-230 a share for its Initial Public Offer (IPO) through which it aims to raise up to Rs 3,600 crore to fund capital expenditure, reduce debt and for acquisitions as it seeks to become India's biggest food and FMCG [...]

MUMBAI, India, Jan. 21, 2022 /PRNewswire/ -- On 16th January 2022, Madhavbaug (Vaidya Sane Ayurved Laboratories, Ltd.) launched its book 'Live without Diabetes' at the auspicious hands of hon. Finance Minister Dr. Bhagwat Karad. Speaking on the occasion, Madhavbaug's Patient Improvement Head Dr. Pravin Ghadigaonkar said, "No one wants to live with diabetes and its [...]

New Delhi, Jan 20 (PTI) The initial public offering of AGS Transact Technologies got subscribed 1.42 times on Thursday, the second day of the offer. This is the first Initial Public Offering (IPO) in 2022. The categories for Retail Individual Investors (RIIs) and for Non Institutional Investors have been oversubscribed. The payment solutions provider has [...]

Mumbai, Jan 20 (PTI) Emcure Pharmaceuticals has received regulatory approvals for its draft red herring prospectus and will shortly be filing the RHP for the Rs 5,000-crore initial share sale, which will hit the market soon after the Budget, according to merchant banking sources. The IPO consists of a fresh issue of up to Rs [...]

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

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

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

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

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

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

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