Page 27 - Latest Updates on IPO
Data Patterns IPO subscribed 120 times, generates Rs 50,000 cr in bids
QIB portion subscribed 186 times, HNI by 260 times, and retail by 23.6 times
 "Data Patterns IPO subscribed 120 times, generates Rs 50,000 cr in bids")
API manufacturer Supriya Lifescience's Rs 700-crore IPO reasonably priced
Growth prospects and scope for margin expansion are other triggers, say brokerages
 "API manufacturer Supriya Lifescience's Rs 700-crore IPO reasonably priced")
Hospitality industry body urges Sebi again to suspend OYO's IPO process
The body had earlier urged Sebi to suspend OYO's IPO process, drawing attention to alleged irregularities, such as being engaged in anti-competitive business practice
 "Hospitality industry body urges Sebi again to suspend OYO's IPO process")
Data Patterns IPO subscribed 7.7 times on day 2
The price band for the IPO is Rs 555-Rs 585 per share.
Medplus' Rs 1,398 crore IPO subscribed 52.6x on strong QIB interest
Through the IPO, Medplus raised Rs 600 crore in fresh capital. The remaining Rs 798 crore was an OFS
 "Medplus' Rs 1,398 crore IPO subscribed 52.6x on strong QIB interest")
SBI MF's Rs 7,000-cr IPO likely in Q1FY23; eyes valuations of Rs 70,000 cr
JV partners SBI, Amundi to divest 6% and 4%, respectively
 "SBI MF's Rs 7,000-cr IPO likely in Q1FY23; eyes valuations of Rs 70,000 cr")
Communication eqpt maker HFCL raises Rs 600 cr fresh funds via QIP route
Medplus Health IPO subscribed 1.5x on penultimate day; Data Patterns subscribed 3.3x on opening
Metro Brands IPO subscribed 3.6 times last day on Institutional interest
The company had priced its Rs 1,367-crore IPO at Rs 485-500 a share; offer consisted of a fresh issue of Rs 295 cr and Rs 1,072 cr OFS
Amazon-backed More Retail considering IPO to raise up to $500 mn: Report
Witzig Advisory Services Pvt, owned by Amazon and Samara Capital Partners, acquired More Retail in 2019 from Kumar Mangalam Birla's Aditya Birla Group
 "Amazon-backed More Retail considering IPO to raise up to $500 mn: Report")
MapmyIndia IPO subscribed whopping 154.71 times
The company is backed by global wireless technologies company Qualcomm and Japanese digital mapping firm Zenrin
 "MapmyIndia IPO subscribed whopping 154.71 times")
Nupur Recyclers IPO subscribed fully on Day 1
The initial public offering (IPO) of Nupur Recyclers was fully subscribed on the first day of the issue on Monday.
Emcure Pharmaceuticals gets Sebi's go-ahead to float IPO
Emcure Pharmaceuticals is engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products across several major therapeutic areas
 "Emcure Pharmaceuticals gets Sebi's go-ahead to float IPO")
Fino Payments Bank eyes 30-35% long-term revenue growth: MD Rishi Gupta
Gupta said Fino is a very differentiated payments bank compared to other fintech players in the market.
 "Fino Payments Bank eyes 30-35% long-term revenue growth: MD Rishi Gupta")
China's SenseTime Hong Kong IPO in limbo after US blacklisting: Report
SenseTime's addition to the US blacklist would prohibit US-based investors from buying its shares
 "China's SenseTime Hong Kong IPO in limbo after US blacklisting: Report")
Stay away from secondary IPOs, there's conflict of interest: Zomato's Goyal
The Zomato CEO also talked about an e-mail from Info Edge founder Sanjeev Bikhchandani on how the company should price its IPO
 "Stay away from secondary IPOs, there's conflict of interest: Zomato's Goyal")
Shriram Properties IPO closes with 4.6x subscription on retail push
The company had priced its IPO at Rs 113-118 a share. Offer consisted of a fresh issue of Rs 250 crore and an OFS of Rs 350 crore
 "Shriram Properties IPO closes with 4.6x subscription on retail push")
Star Health ends in green, albeit by a small margin, despite IPO drubbing
Stock ends at Rs 907, a gain of Rs 7 over issue price of Rs 900. Shares hit a high of Rs 940 and a low of Rs 827.5 on BSE
Defence solutions major Data Patterns to raise Rs 588 crore via IPO
Open December 14-16 at a price band of Rs 555-585. IPO consists of fresh issue of Rs 240 crore and an OFS of Rs 348 crore, through which existing shareholders will offload 5.95 mn shares
RateGain Travel IPO subscribed 17.4 times on robust HNI interest
Wealthy investor portion was subscribed 42 times, while institutional and retail portions were oversold 8x each
 "RateGain Travel IPO subscribed 17.4 times on robust HNI interest")
Brazil's Nubank raises $2.6 billion in top-of-range US IPO
Nubank warned investors to brace for "short-term profit implications" from the firm's expansion push
 "Brazil's Nubank raises $2.6 billion in top-of-range US IPO")
