Page 16 - Latest Updates on IPO
Street signs: More steam left in mkt, hospitality sector revival, and more
Hotel stocks are back in investor good books, with occupancies returning to pre-pandemic levels
 "Street signs: More steam left in mkt, hospitality sector revival, and more")
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report
 "MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report")
Flipkart promotes several leaders as it gears up for IPO and US listing
These leaders have been instrumental in delivering impact and creating long-term value for the e-commerce giant
 "Flipkart promotes several leaders as it gears up for IPO and US listing")
Centre garners Rs 471 crore from stake sale in Paradeep Phosphates
The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23
 "Centre garners Rs 471 crore from stake sale in Paradeep Phosphates")
Ethos shares sink 9% over issue price on debut, 1.1 mn shares change hands
The poor listing day performance follows lukewarm response to the company's IPO, which had managed to scrape through with just 1.03% subscription
 "Ethos shares sink 9% over issue price on debut, 1.1 mn shares change hands")
IPO subscriptions: Process only money-backed ASBA applications, says Sebi
Latest directive follows instances during LIC's IPO where certain applications had to be cancelled as they didn't have sufficient funds in bank accounts
 "IPO subscriptions: Process only money-backed ASBA applications, says Sebi")
Investment bankers ride on record IPOs in FY22 to mint bumper pay
Bonuses in FY22 ranged from 100 to 200% of annual pay
 "Investment bankers ride on record IPOs in FY22 to mint bumper pay")
Aether Industries' IPO subscribed 6.3 times on final day of offer
Aether's Rs 808-crore offering capped a busy month for IPOs, which saw a cumulative mop up of Rs 30,140 crore by eight companies
 "Aether Industries' IPO subscribed 6.3 times on final day of offer")
Aether Ind IPO subscribed 49% a day before close on sparse overall interest
None of the three investor categories completes quota, with HNI interest being the dullest at 16%
 "Aether Ind IPO subscribed 49% a day before close on sparse overall interest")
eMudhra IPO subscribed 96% on day 2, issue subscribed 1.7 times
The IPO comprises Rs 200 crore fresh fund raise and Rs 213 crore secondary share sale.
Street signs: Traders eye a Nifty breakout, Aether Industries stock & more
Technical analysts say last week's trading range will act as good support and resistance and the next big directional move will depend on which side the index breaks out
 "Street signs: Traders eye a Nifty breakout, Aether Industries stock & more")
HNI interest sees Ethos IPO scrape through with just 1.03x subscription
Retail investor portion subscribed 82%, HNI was covered 1.48x and institutional investor category received 1.06x subscription
Prudent Corporate falls 6% below its issue price despite decent listing
The stock hit an intra-day low of Rs 594.25, down 6 per cent from its issue price.
Paradeep Phosphates IPO scrapes through on Day 3; issue subscribed 1.75x
The retail investor portion of the issue was subscribed 1.37 times, HNI portion was covered 82% and institutional investor category saw three times subscription
Aether Industries' Rs 808-cr IPO to open May 24; price band at Rs 610-642
Proceeds from the fresh issuance will be used to fund the speciality chemicals company's capex requirements for the proposed new project in Surat, fund working capital requirements and to pay debt
Paradeep Phosphates IPO subscribed 51% day before close on retail interest
Retail investor portion subscribed 91%, HNI 20%; institutional investor category received negligible bids
 "Paradeep Phosphates IPO subscribed 51% day before close on retail interest")
Luxury watch player Ethos IPO to open on May 18; price band Rs 836-878
Proceeds from the fresh issuance will be utilised for repayment of debt, funding working capital requirements, opening new stores and general corporate purposes
Go First plans IPO of up to Rs 3,600 cr by July after deferring for months
The airline plans to increase daily flights, add 10 new aircraft by March 2023
 "Go First plans IPO of up to Rs 3,600 cr by July after deferring for months")
Will govt's divestment enter slow lane after LIC's weak debut?
LIC started its journey at secondary markets on a weak note. While analysts are unperturbed with the stock performance, take a dive into what LIC's weak debut means for this year's divestment target
 "Will govt's divestment enter slow lane after LIC's weak debut?")
Saudi Aramco weighs IPO of trading unit amid oil boom, says report
The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than $30 billion.
 "Saudi Aramco weighs IPO of trading unit amid oil boom, says report")
