Page 11 - Latest Updates on IPO
Post-IPO, Tamilnad Mercantile Bank to up focus on RAM, go on phygital mode
TMB's IPO was subscribed 2.86 times on the last day of subscription
 "Post-IPO, Tamilnad Mercantile Bank to up focus on RAM, go on phygital mode")
Harsha Engineers' IPO subscribed 2.8 times on Day 1 of bidding process
The institutional investor portion was subscribed 0.06 times, the high net worth individual (HNI) portion by 5.8 times
 "Harsha Engineers' IPO subscribed 2.8 times on Day 1 of bidding process")
Sebi wants more safeguards for F&O trades to shield small investors
Is against dictating IPO pricing; calls for greater disclosures and transparency
 "Sebi wants more safeguards for F&O trades to shield small investors")
Sebi has no business to suggest IPO pricing of new-age tech firms: Chief
She added that there needs to be more disclosures by companies on how valuations have changed between a pre-initial public offering (IPO) placement and the price which is being asked for in the issue
 "Sebi has no business to suggest IPO pricing of new-age tech firms: Chief")
Smaller i-banks join big-fat IPO party; large players get picky
Many are beefing up their investment banking teams and pitching for deals which otherwise would have gone to larger banks
 "Smaller i-banks join big-fat IPO party; large players get picky")
Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO
The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra
 "Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO")
Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share
Fresh fund raise Rs 455 crore, secondary share sale Rs 300 crore; company eyeing Rs 3,000 crore valuation; firm makes brass, steel and polyamide cages and stamped components
 "Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share")
Harsha Engineers IPO to open on Sep 14; price band set at Rs 314-330/share
Harsha Engineers International, manufacturer of precision bearing cages, on Friday said it has fixed a price band of Rs 314-330 per share for its Rs 755-crore initial public offering (IPO).
 "Harsha Engineers IPO to open on Sep 14; price band set at Rs 314-330/share")
Aprameya Engineering files papers with SEBI to raise funds via IPO
Hem Securities Ltd is the sole book-running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE
 "Aprameya Engineering files papers with SEBI to raise funds via IPO")
Tamilnad Mercantile Bank IPO subscribed 2.9x on strong retail interest
Response muted when compared to previous two IPOs; Lender to issue 15.84 million fresh shares via offering
Volkswagen to list Porsche in one of biggest IPOs in years: Report
The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates
 "Volkswagen to list Porsche in one of biggest IPOs in years: Report")
Tamilnad Bank IPO subscribed 1.5x on Day 2, issue closes Wednesday
The priced band for the IPO is Rs 500-525 per share
Vaibhav Jewellers files draft papers with Sebi to mop-up funds via IPO
Vaibhav Gems N' Jewellers Ltd, a leading regional jeweller brand in South India, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering
 "Vaibhav Jewellers files draft papers with Sebi to mop-up funds via IPO")
Sensex ends choppy day 49 pts down; DreamFolks rallies 42%; pvt banks weak
DreamFolks Services made a strong stock market debut as its shares got listed at Rs 508.70, a 56 per cent premium over its issue price of Rs 326 per share on the National Stock Exchange (NSE)
 "Sensex ends choppy day 49 pts down; DreamFolks rallies 42%; pvt banks weak")
Volkswagen AG seeks to defy market gloom going ahead with Porsche IPO
Volkswagen AG is planning the initial public offering at the end of September or beginning of October, subject to further developments in capital markets
 "Volkswagen AG seeks to defy market gloom going ahead with Porsche IPO")
Banks could consolidate with NBFCs as valuations looking sensible: Girotra
'I feel more positive about the NBFC sector than I did in the last three years', said Manisha Girotra
 "Banks could consolidate with NBFCs as valuations looking sensible: Girotra")
Concord Enviro Systems gets SEBI go-ahead to raise funds through IPO
Concord Enviro Systems is an integrated solutions provider for industrial wastewater reuse and zero liquid discharge solutions, with an in-house position across the value chain
 "Concord Enviro Systems gets SEBI go-ahead to raise funds through IPO")
Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO
Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close
 "Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO")
Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue
TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore
Analysts say 'subscribe' to Tamilnad Mercantile Bank IPO: Read to know why
Tamilnad Mercantile Bank's dedicated customer base, strong financial track record, healthy asset quality and reasonable valuation make analysts bullish on its IPO
