Page 14 - Latest Updates on IPO
Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
 "Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022")
Battered by three decades of controversy, TMB looks back to the future
The storied bank hopes to put its troubles behind it with its impending IPO
 "Battered by three decades of controversy, TMB looks back to the future")
Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates
Sponsor banks - that hold about 35 per cent in RRBs - have been asked to handhold regional lenders at all stages from identification of merchant bankers to the conclusion of IPO
One year of startup listings: Exuberance tapers as firms lose grip on gains
After Zomato's promising start, global tech meltdown halts listing gravy train
 "One year of startup listings: Exuberance tapers as firms lose grip on gains")
Vikram Limaye's tenure ends at NSE, sources say no successor named yet
NSE had started MD & CEO selection process in March. Vikram Limaye was eligible for another five-year term but opted out
 "Vikram Limaye's tenure ends at NSE, sources say no successor named yet")
Realty firm Signature Global files Rs 1,000-cr IPO papers with Sebi
The company proposes to utilise the net proceeds from the fresh issue towards payment of the debt, inorganic growth through land acquisitions and general corporate purposes
Unacademy to cut down expenses, will float IPO in two years: CEO
There will be no business class travel for any employee including top founders and top management and dedicated drivers for top executives will also be removed, says CEO
 "Unacademy to cut down expenses, will float IPO in two years: CEO")
Agro-chemical firm GSP Crop Science plans Rs 500-cr IPO next year
Agro-chemical firm GSP Crop Science Pvt Lt is looking to launch a Rs 500-crore IPO (Initial Public Offering) by next year, according to its managing director Bhavesh Shah.
 "Agro-chemical firm GSP Crop Science plans Rs 500-cr IPO next year")
Tata Tech plans IPO by fiscal-end, the first by Tata group in 18 years
The company is in talks with several banks, including Citibank, to manage the share sale; The last share sale by a Tata firm was in 2004, when TCS floated an IPO
 "Tata Tech plans IPO by fiscal-end, the first by Tata group in 18 years")
WhiteOak Capital launches its maiden NFO; to open on July 12
WhiteOak Capital Mutual Fund, the new entrant to the mutual fund space, on Thursday announced the launch of its first new fund offering WhiteOak Capital Flexi Cap Fund.
 "WhiteOak Capital launches its maiden NFO; to open on July 12")
IndiaFirst Life Insurance selects bankers for IPO expected later this year
IndiaFirst will be the fourth private sector life insurer to get listed on the bourses
 "IndiaFirst Life Insurance selects bankers for IPO expected later this year")
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
 "Fund-raising drive on track, majority of the $800 mn received, says Byju's")
Corrtech International gets Sebi's go-ahead to raise funds through IPO
Corrtech International, a pipeline laying solutions provider, has received capital markets regulator Sebi's go ahead to raise funds through an Initial Public Offering (IPO).
 "Corrtech International gets Sebi's go-ahead to raise funds through IPO")
Tracxn in wait-and-watch mode over timing of proposed public offer
The company will take a call on its listing once the stock market stabilises, according to its founders
Healthvista India files draft papers for IPO to raise about Rs 1,000 cr
The company is an out-of-hospital healthcare provider with brand Portea
 "Healthvista India files draft papers for IPO to raise about Rs 1,000 cr")
Edible oil brand Gulab Oils eyes Rs 5,000 crore turnover in four years
Plans to enter ten states from four currently, expand capacity 10-fold to 1,000 tonnes a day and make additions to product portfolio
 "Edible oil brand Gulab Oils eyes Rs 5,000 crore turnover in four years")
Natural stone processor Global Surfaces files IPO draft papers with Sebi
The IPO comprises fresh issuance of 85.20 lakh equity shares and an offer-for-sale (OFS) of up to 25.5 lakh equity shares by promoters ---- Mayank Shah and Sweta Shah, according to the DRHP.
 "Natural stone processor Global Surfaces files IPO draft papers with Sebi")
Officer's Choice whisky maker Allied Blenders files Rs 2,000-cr IPO papers
The IPO comprises fresh issue of equity shares worth Rs 1,000 cr and an Offer For Sale to the tune of Rs 1,000 cr by promoter and promoter group entity, according to the DRHP
 "Officer's Choice whisky maker Allied Blenders files Rs 2,000-cr IPO papers")
15-yr record in IPO filing with Sebi belies market volatility, shows data
This high number of DRHP filing - or intent shown by companies to go public - paints a bullish picture
 "15-yr record in IPO filing with Sebi belies market volatility, shows data")
Udaan lays off about 180 employees in a move to drive cost-efficiency
The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months
 "Udaan lays off about 180 employees in a move to drive cost-efficiency")
