Page 34 - Latest Updates on IPO
LIC to file draft IPO papers with Sebi by November, says FinMin official
Once the draft red herring prospectus (DRHP) is filed, merchant bankers will hold global and domestic road shows for investors by January, the official said
 "LIC to file draft IPO papers with Sebi by November, says FinMin official")
Coal giant NTPC said to plan IPOs of three units, could raise $2 billion
The company is also looking to sell its stake in NTPC-SAIL Power Co, a joint venture with Steel Authority of India Ltd. for supplying electricity to the steelmaker's mills and townships
 "Coal giant NTPC said to plan IPOs of three units, could raise $2 billion")
Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake
In the DRHP, the firm says its app has been downloaded 100 million times and its major focus geographies are India, Malaysia, Indonesia and Europe
 "Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake")
Aditya Birla Sun Life AMC IPO subscribed 5.2x, mops up Rs 10,374 cr
Institutional investor portion subscribed 10.4 times, HNI 4.4 times and retail portion was subscribed 3.22 times
 "Aditya Birla Sun Life AMC IPO subscribed 5.2x, mops up Rs 10,374 cr")
Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO
Plans to raise Rs 1,500-1,600 cr; This is the second pharmacy chain to file for IPO after Hyderabad-based MedPlus, which filed its DRHP with Sebi in August
 "Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO")
Megha Engineering and Infrastructure sees prospects in PSU disinvestments
The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML
 "Megha Engineering and Infrastructure sees prospects in PSU disinvestments")
Aditya Birla AMC IPO fully subscribed on strong retail interest
The retail portion has already been subscribed 2x, HNI by 40%, and institutional investor portion by 6%
 "Aditya Birla AMC IPO fully subscribed on strong retail interest")
Sebi ruling on DVR cheers startups, but can it stop international listings?
Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights
 "Sebi ruling on DVR cheers startups, but can it stop international listings?")
Aditya Birla Sun Life AMC IPO subscribed 56% on Day-1
A day earlier, the asset manager had allotted shares worth Rs 789 crore to anchor investors at Rs 712 apiece
Sensex ends 254 points lower, Nifty below 17,750; HDFC, RIL top drags
Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent
 "Sensex ends 254 points lower, Nifty below 17,750; HDFC, RIL top drags")
Improving business prospects, divestment make analysts bullish on PSU stks
In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses
 "Improving business prospects, divestment make analysts bullish on PSU stks")
Solar company Waaree Energy files for IPO, plans Rs 1,350 cr fresh issue
IPO also has OFS component; proceeds from fresh issuance will be used for setting up 2 Gw solar cell unit and 1 Gw solar PV module plant
Should you subscribe to AB Sun Life AMC IPO? Here's what analysts say
Analysts recommend subscribing to the issue given the company's reasonable valuations, strong return on equity, diverse product portfolio and well recognised promoter group.
 "Should you subscribe to AB Sun Life AMC IPO? Here's what analysts say")
Aditya Birla AMC eyes Rs 20,500 cr valuation in Rs 2,768 cr IPO
The IPO will entirely be a secondary share sale by promoters Aditya Birla Capital and Sun Life AMC; price band Rs 695-712 per share
More competition isn't a threat, it will grow the market: Birla MF chief
In a Q&A, A Balasubramanian, MD & CEO of the fund house, talks about the pricing of its IPO and welcomes the entry of fintechs in the MF space
 "More competition isn't a threat, it will grow the market: Birla MF chief")
Sansera Engineering lists at 9% premium over issue price of Rs 744
Post listing, the stock moved higher to Rs 828, up 11 per cent over its issue price on the BSE
Govt shortlists four law firms to assist LIC IPO after failed first attempt
Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas will make a representation before govt on Friday
Paras Defence IPO subscribed 318 times with bids worth Rs 38,021 crore
Market experts say it is the most subscribed IPO, surpassing previous record of Salasar Tech, which was subscribed 273 times; HNI portion was 974 times with bids of Rs 25,000 cr
Law firms bid to work on India's LIC IPO as government sweetens terms
After the law firms showed no interest, the government revised its offer twice this month, limiting the timeline of the LIC's IPO work and offering a part payment during the IPO process, not just at t
 "Law firms bid to work on India's LIC IPO as government sweetens terms")
Real firm Casagrand plans IPO by next December to fund land acquisition
Will invest Rs 5,000 crore in residential development in the next one year, has already raised Rs 400-500 crore from KKR for land acquisition in Chennai and Bengaluru
 "Real firm Casagrand plans IPO by next December to fund land acquisition")
