Page 17 - Latest Updates on IPO
LIC IPO: How India's biggest public offering ended in a downbeat debut
By Aftab Ahmed and Nupur Anand
 "LIC IPO: How India's biggest public offering ended in a downbeat debut")
Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation
The edtech major has raised about $4.5 billion since it was founded 10 years ago
 "Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation")
Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn
In June 2021, Byju's became India's most valuable unicorn
 "Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn")
LIC to list on bourses today: Check share price and other details
LIC IPO closed on May 9 and shares were allocated to bidders on May 12
 "LIC to list on bourses today: Check share price and other details")
eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20
Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO).
 "eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20")
Delhivery IPO subscribed 1.63x on QIB support, Venus Pipes subscribed 16.3x
The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book
 "Delhivery IPO subscribed 1.63x on QIB support, Venus Pipes subscribed 16.3x")
Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
 "Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%")
Prudent Corporate Advisory's IPO scrapes through with 1.22x subscription
The institutional investor portion of the issue was subscribed 1.26 times, high-networth individual portion 99 per cent and retail portion 1.3 times
 "Prudent Corporate Advisory's IPO scrapes through with 1.22x subscription")
Staffing firm FirstMeridian files papers for Rs 800-cr IPO with Sebi
The Bangalore-based HR services platform plans to raise Rs 50 crore in fresh capital through the IPO and the remaining Rs 750 crore will be an offer for sale by existing shareholders
 "Staffing firm FirstMeridian files papers for Rs 800-cr IPO with Sebi")
Delhivery IPO subscribed 23%; Venus Pipes sees 4.4 times subscription
Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year
Grocery delivery firm Instacart marches to IPO despite stock market turmoil
The company has confidentially filed documents with the Securities and Exchange Commission to start the process for a stock market listing
 "Grocery delivery firm Instacart marches to IPO despite stock market turmoil")
Sebi proposes confidential 'pre-filing' of IPO documents to safeguard info
Sebi is seeking comments from the public on its new proposal by June 6
Venus Pipes IPO fully subscribed within first few hours of opening
The category meant for retail investors received 2.59 times subscription, while the portion for non-institutional investors got subscribed 34% and QIBs 30%
Delhivery IPO opens today. Should you invest? What brokerages say
Major risks to the operating model of the logistics player include its heavy reliance on e-commerce, despite diversifying into other industry verticals, analysts say
 "Delhivery IPO opens today. Should you invest? What brokerages say")
Prudent Corporate IPO subscribed 36% on Day-1 on retail interest
The retail investor portion was subscribed 71%. A day earlier, form allotted shares worth Rs 160 cr to anchor investors
 "Prudent Corporate IPO subscribed 36% on Day-1 on retail interest")
Venus Pipes raises Rs 50 cr from anchor investors, allots 1.52 mn shares
Deal done at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments
 "Venus Pipes raises Rs 50 cr from anchor investors, allots 1.52 mn shares")
Rainbow Medicare slumps 17% on debut in worst IPO listing in CY22 so far
Stock end at Rs 450, Rs 92 below issue price of Rs 542 a share
 "Rainbow Medicare slumps 17% on debut in worst IPO listing in CY22 so far")
Campus Activewear stock soars 29% on debut, ends the day with 27% gains
The stock ended at Rs 371.7, with a gain of Rs 79.7 over the issue price of Rs 292 per share
 "Campus Activewear stock soars 29% on debut, ends the day with 27% gains")
LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey
The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said
 "LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey")
Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings
Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes
 "Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings")
