Page 29 - Latest Updates on IPO
Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest
Price band Rs 443-453 per share. At the top-end, company is valued at about 22x it FY21 earnings and will have a market cap of Rs 3,000 cr
 "Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest")
Star Health IPO struggles to get subscribed, mops up only 20% by Day-2 end
Not even a single domestic institutional investor has applied for the IPO so far, data disclosed by stock exchanges shows
 "Star Health IPO struggles to get subscribed, mops up only 20% by Day-2 end")
LIC asks its policyholders to update PAN details for participation in IPO
As per the proposed plan, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders
 "LIC asks its policyholders to update PAN details for participation in IPO")
Ahead of IPO, Anand Rathi Wealth raises Rs 194 cr from anchor investors
The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing the transaction size at Rs 194 crore
 "Ahead of IPO, Anand Rathi Wealth raises Rs 194 cr from anchor investors")
Decoded: Primary and secondary markets in a nutshell
The listing of Paytm and Nykaa in the primary market made a lot of news recently due to Paytm's poor showing and Nykaa's success. Let's find out what are primary and secondary markets.
 "Decoded: Primary and secondary markets in a nutshell")
Star Health's Rs 7,250 crore IPO subscribed 12% on Day-1
Offer closes on Thursday. IPO is the third-biggest this year and 8th biggest ever to hit domestic market
Go Fashion gains 82% on debut after IPO is oversubscribed 135 times
Shares touch a high of Rs 1,341 over offer price of Rs 690 before settling at Rs 1,253
 "Go Fashion gains 82% on debut after IPO is oversubscribed 135 times")
SoftBank-backed Snapdeal targets $250-mn IPO in early 2022: Report
Snapdeal would become the largest tech company to test investors' appetite for IPOs after the disastrous debut of Paytm's parent, One 97 Communications Ltd
 "SoftBank-backed Snapdeal targets $250-mn IPO in early 2022: Report")
Brokerages give thumbs up to Rakesh Jhunjhunwala-backed Star Health's IPO
Say it stands to benefit as market leader in health space, but risk of fresh Covid wave may weigh on profitability
 "Brokerages give thumbs up to Rakesh Jhunjhunwala-backed Star Health's IPO")
Anand Rathi prices IPO at Rs 530-550 a share; size Rs 660 cr at upper end
The IPO is entirely an offer for sale of 12 million shares; promoter entities Anand Rathi Financial Services, Anand Rathi and Amit Rathi are selling
 "Anand Rathi prices IPO at Rs 530-550 a share; size Rs 660 cr at upper end")
Top headlines: Sebi chief speaks on IPO valuations; Omicron spreads
Slice, a credit-card startup targeting young consumers, raised $220 million to become India's latest unicorn. More on that story in our top headlines.
 "Top headlines: Sebi chief speaks on IPO valuations; Omicron spreads")
Move money that you might require over next three years out of equities
But avoid becoming excessively conservative as only equities have the ability to produce inflation-beating returns over long term
 "Move money that you might require over next three years out of equities")
Software firm Latent View Analytics jumps 2.5 times in stellar listing
Latent View is a pure-play data analytics services company and functions in consulting services, data engineering, business analytics and digital solutions
 "Software firm Latent View Analytics jumps 2.5 times in stellar listing")
Our IPO signals faith in good old-fashioned profitable cos: LatentView CEO
In a Q&A, Raja Sethuraman talks about the company's journey since 2006, why an IPO now and the growth ahead
 "Our IPO signals faith in good old-fashioned profitable cos: LatentView CEO")
Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms
They say Paytm's poor show is a reflection of just one company that didn't do well, many other IPOs like that of Zomato have been strong
Mobikwik defers its Rs 1,900 cr IPO, says will list at 'the right time'
IPO was slated for November; source are now saying the company may go for a listing in 2022
 "Mobikwik defers its Rs 1,900 cr IPO, says will list at 'the right time'")
Latent View jump 2.5x on debut, ends at Rs 489 versus offer price of Rs 197
The stock hit a high of Rs 549 and a low of Rs 462. Market players said at higher levels HNIs rushed to book profits to recover their investment cost
 "Latent View jump 2.5x on debut, ends at Rs 489 versus offer price of Rs 197")
Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco
Offers consists of fresh equity issue of aggregating up to Rs 125 crore and OFS of Rs 890 crore
Global IPOs blow past $600 bn mark in 2021, best year on record
With 6 weeks to go, about 2,850 businesses and SPACs have raised more than $600 bn in IPOs, leaving the records for both deal count and proceeds reached in 2007 in the dust
 "Global IPOs blow past $600 bn mark in 2021, best year on record")
Insurtech firm RenewBuy plans to come up with IPO in 2 years says CEO
Insurtech company RenewBuy is planning to come up with its IPO in about two years from now, banking on healthy growth of business and a strong pedigree, its CEO and co-founder Balachander Sekhar said.
