Page 2 - Latest Updates on IPO
Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds
Agarwal projects 19% jump in FY23 revenue to Rs 5,700 crore
 "Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds")
Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month
Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions
 "Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month")
Avalon Technologies IPO opens next week: Check GMP, other details here
Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share
 "Avalon Technologies IPO opens next week: Check GMP, other details here")
Udayshivakumar Infra IPO subscribed 30.63 times on last day of offer
The company's initial public offering (IPO) received bids for over 61.26 crore shares against 2 crore shares on offer, according to data available with the NSE
Global Surfaces makes stellar debut; zooms 23% over issue price
It earns 99% of its revenues from overseas markets like US, Canada and the Middle East. Segment wise, engineered quartz make for 83% of its revenue while natural stones make for 17%
BoB-backed IndiaFirst Life Insurance gets regulator approval for IPO
Company seeks to raise about Rs 500 cr from fresh issue of shares, draft papers say
 "BoB-backed IndiaFirst Life Insurance gets regulator approval for IPO")
Union Cabinet approves listing of IREDA on stock exchange through IPO route
The IREDA is a wholly owned mini-Ratna company, engaged in financing of renewable energy and energy efficiency projects in India
 "Union Cabinet approves listing of IREDA on stock exchange through IPO route")
OYO launches accelerator programme for first-generation hoteliers
It will provide technology, relationship managers, financial support, and access to OYO's network
 "OYO launches accelerator programme for first-generation hoteliers")
Divgi TorqTransfer stock rise; Global Surfaces offer gets fully subscribed
The IPO of Global Surfaces garnered full subscription on Tuesday, a day before its close
Credit Suisse sees First Boston IPO by 2025 amid investor search
Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares
 "Credit Suisse sees First Boston IPO by 2025 amid investor search")
Deals plunge by 60% to $1.8 billion in February on deepening funding winter
The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to $1.8 billion in February, shows an analysis
Tata Tech IPO: After 2 decades a Tata group firm will test public markets
Engineering services company files DRHP; seeks to raise Rs 4,000 cr
 "Tata Tech IPO: After 2 decades a Tata group firm will test public markets")
Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding
The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process
 "Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding")
Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO
Joyalukkas, which focuses mainly on Southern India, is the latest to delay or pull its IPO plans amid market volatility and stubbornly high inflation
 "Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO")
China eases overseas listing rules, paving way for IPO rebound
The CSRC reiterated that Chinese companies seeking to sell shares abroad would have to register with the regulator after a transition period
 "China eases overseas listing rules, paving way for IPO rebound")
Sebi introduces issue summary document for filing IPO papers in XBRL format
Sebi introduced the issue summary document for filing papers pertaining to IPO and for further issue of securities in XBRL format
 "Sebi introduces issue summary document for filing IPO papers in XBRL format")
IPO-bound Swiggy names Delhivery chief, two others as independent directors
New appointments will strengthening governance, says food delivery platform
 "IPO-bound Swiggy names Delhivery chief, two others as independent directors")
Little rain in the IPO desert: First dry spell since July 2022, shows data
Not a single penny got raised from initial public offerings and follow-on public offers (FPO) last month
 "Little rain in the IPO desert: First dry spell since July 2022, shows data")
Dubious distinction: AEL first to cancel share sale after full subscription
As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore
 "Dubious distinction: AEL first to cancel share sale after full subscription")
FirstMeridian files new draft papers for IPO; cuts issue size to Rs 740 cr
Staffing firm FirstMeridian Business Services Ltd has refiled preliminary papers with capital markets regulator Sebi and reduced its IPO size to Rs 740 crore from Rs 800 crore planned earlier
 "FirstMeridian files new draft papers for IPO; cuts issue size to Rs 740 cr")
