Page 18 - Latest Updates on IPO
Delhivery's Rs 5,235-cr IPO to open on May 11; price band set at Rs 462-487
Logistics company's anchor allotment on May 10 will demonstrate interest among investors for tech startups, say experts.
 "Delhivery's Rs 5,235-cr IPO to open on May 11; price band set at Rs 462-487")
LIC IPO fully subscribed on day 2 of opening; offer closes on May 9
Sees participation from 3.6 mn individual investors; policyholders lead
 "LIC IPO fully subscribed on day 2 of opening; offer closes on May 9")
Prudent Corporate Advisory Services fixes IPO price at Rs 595-630 per share
The three-day initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company
 "Prudent Corporate Advisory Services fixes IPO price at Rs 595-630 per share")
Positive start: LIC's mega share sale subscribed 67% on first day
Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
 "Positive start: LIC's mega share sale subscribed 67% on first day")
LIC IPO opens today. Should you subscribe? What brokerages suggest
While LIC policyholders are entitled to Rs 60 discount over the issue price, the retail investors will be offered the issue at a discount of Rs 45 per equity share
 "LIC IPO opens today. Should you subscribe? What brokerages suggest")
LIC's $2.7-billion IPO set to be the fifth-biggest globally in CY22
Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's)
 "LIC's $2.7-billion IPO set to be the fifth-biggest globally in CY22")
Rainbow Children's Medicare's IPO subscribed 12.4x on institutional push
Institutional demand for IPOs of both Rainbow Medicare and Campus Activewear, which closed this week, have been strong. Experts say this is a healthy sign for LIC's IPO, which opens next week
 "Rainbow Children's Medicare's IPO subscribed 12.4x on institutional push")
Rainbow Medicare IPO subscribed 55% on second day of issue
The institutional portion was subscribed by 10 per cent, the retail investor portion by 82 per cent
 "Rainbow Medicare IPO subscribed 55% on second day of issue")
Campus Activewear IPO subscribed 51.75 times as brokerages recommend buy
The company had fixed a price band of Rs 278-292 per share in the IPO
LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion
Valuation fair and attractive; won't dilute stake for a year: Govt
 "LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion")
Campus Activewear subscribed 3.2x on day-2 in HNI, retail interest
Wealthy investor portion subscribed 5.6 times, retail by 3.9 times, and the portion reserved for employees by 1.4 times. The institutional portion was subscribed 13%
Rainbow Medicare subscribed 29% on Day-1 on retail interest
The multi-speciality hospital chain had allotted shares worth Rs 470 crore to anchor investors on Tuesday
Veranda Learning Solutions IPO subscribed 74% on first day of offer
The initial public offering of Veranda Learning Solutions Limited received 74 per cent subscription on the first day on Tuesday
 "Veranda Learning Solutions IPO subscribed 74% on first day of offer")
Veranda Learning Solutions' Rs 200-cr IPO to open on March 29
The company has set the price band for its IPO between Rs 130-137 per share.
Veranda Learning IPO subscribed 3.5 times on Day 3
Veranda has raised Rs 200 crore in fresh capital, which will be used to repay debt and for expansion
Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE
The 20-per-cent divergence in the first day closing price exposed the chinks in the price discovery process, especially for smaller companies
 "Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE")
Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO
Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band
 "Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO")
Rainbow Children Medicare IPO opens tomorrow: Here's what analysts suggest
Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels.
Footwear shares rally upto 18% after Campus IPO opens for subscription
Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).
 "Footwear shares rally upto 18% after Campus IPO opens for subscription")
LIC board to meet Tuesday for IPO dates, issue likely opens May 4
The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion
