Page 36 - Latest Updates on IPO
LIC IPO: Govt amends fee structure for legal advisors after failed attempt
DIPAM introduces "milestone payments" in RFP; the legal advisors were earlier supposed to get their fee "after successful and satisfactory completion of the transaction"
 "LIC IPO: Govt amends fee structure for legal advisors after failed attempt")
Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months
The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure
 "Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months")
Udaan names co-founder Vaibhav Gupta as CEO, plans IPO in 18-24 months
The B2B e-commerce platform looks at becoming a publicly listed entity in the next 18-24 months.
Four recently listed IPO stocks dip ahead of anchor lock-in expiry
The 30-day lock-in period for anchor investors ends on Monday for all the four companies
 "Four recently listed IPO stocks dip ahead of anchor lock-in expiry")
Byju's in talks to raise up to $600 million ahead of IPO next year
The Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion
 "Byju's in talks to raise up to $600 million ahead of IPO next year")
LIC IPO bankers quote base fee of Rs 1 crore: Check details here
10 investment banks to divide fee pool; opt to go out-of-pocket
 "LIC IPO bankers quote base fee of Rs 1 crore: Check details here")
Info Edge hits record high on healthy outlook & likely Policybazaar IPO
The company expects that in the post-COVID-19 environment there will be faster absorption of internet-based activities in the domains where it operates
 "Info Edge hits record high on healthy outlook & likely Policybazaar IPO")
Oyo in talks with investment banks for managing its $1.5-bn IPO: Sources
SoftBank-backed Oyo is eyeing valuation range of $14 bn-$16 bn, say sources close to the development
 "Oyo in talks with investment banks for managing its $1.5-bn IPO: Sources")
Govt appoints 10 merchant bankers for managing mega LIC IPO
The bankers include Goldman Sachs (India) Securities, Citigroup Global Markets India, BofA Securities, JP Morgan India
IPO-bound OYO increases authorised share capital to Rs 901 crore
The development comes ahead of proposed initial public offering by OYO, for which a draft red herring prospectus is likely to be filed in the next few months
LIC IPO could result in job losses, social spending, trade union warns
The sale, which is set to be the country's biggest, could value the company at as much as $261 billion, surpassing Reliance Industries Ltd.
 "LIC IPO could result in job losses, social spending, trade union warns")
Top headlines: India works on multi-variant vax; Tesla plans India sales
Business Standard brings you the top headlines of the day
 "Top headlines: India works on multi-variant vax; Tesla plans India sales")
Govt plans WAPCOS initial public offering by March, says official
The government is also in the process of selling up to 25 per cent stake in National Seeds Corporation (NSC) through IPO
 "Govt plans WAPCOS initial public offering by March, says official")
Ami Organics IPO subscribed 64.5x, Vijaya 4.5x
The average applications for IPOs in July stood at 2.6 million, while that in August was about a million, said bankers.
 "Ami Organics IPO subscribed 64.5x, Vijaya 4.5x")
Snapdeal plans $350-400 million IPO, eyes valuation of up to $2.5 billion
Recently, Snapdeal said it saw huge traction in the sale of kids' apparel, a jump of 493 per cent in the sixth month period between January and July
 "Snapdeal plans $350-400 million IPO, eyes valuation of up to $2.5 billion")
Ami Organics IPO subscribed 64.54 times on closing day of subscription
The initial public offer of specialty chemicals maker Ami Organics was subscribed 64.54 times on the closing day of subscription on Friday
 "Ami Organics IPO subscribed 64.54 times on closing day of subscription")
Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
 "Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%")
Ami Organics IPO subscribed 5x, Vijaya Diagnostic 0.5x on Day-2
Ami is a pharma-focused specialty chemicals firm; Vijaya Diagnostic is among the largest diagnostic chains in southern India
 "Ami Organics IPO subscribed 5x, Vijaya Diagnostic 0.5x on Day-2")
LIC IPO: Govt floats fresh RFP for legal adviser as law firms shy away
In new tender, DIPAM specifies three-year time limit for validity of the financial bids
Ami Organics IPO subscribed 1.9x, Vijaya Diagnostic 0.3x on Day-1
While Ami is a pharma-focused specialty chemicals firm, Vijaya Diagnostic is among the largest diagnostic chains in southern India
 "Ami Organics IPO subscribed 1.9x, Vijaya Diagnostic 0.3x on Day-1")
