Page 37 - Latest Updates on IPO
Vijaya Diagnostic IPO: Why brokerages suggest subscribing to the issue
The diagnostic market in Telangana and Andhra Pradesh, Vijaya's strong base, is projected to grow to Rs 12,000 - 13,000 crore by FY13, reports suggest
 "Vijaya Diagnostic IPO: Why brokerages suggest subscribing to the issue")
Ami Organics' Rs 570 crore IPO kicks off: Should you apply?
At the higher price band of Rs 610, Ami Organics is demanding a P/E multiple of 41.2x (to its FY21 EPS of Rs 14.8), which is at discount to the peer average of 48.3x
 "Ami Organics' Rs 570 crore IPO kicks off: Should you apply?")
Homegrown firm MapmyIndia files draft papers for IPO with Sebi
MapmyIndia, which powers Apple maps in India, has filed draft papers with the domestic market regulator for an initial public offering
 "Homegrown firm MapmyIndia files draft papers for IPO with Sebi")
August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers
Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept
 "August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers")
Rupee continues to rise on Fed Chair Powell's take on taper
Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies
 "Rupee continues to rise on Fed Chair Powell's take on taper")
Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show
The stock has 219 per cent against its issue price of Rs 130 per share
 "Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show")
166 current and former employees of Paytm convert ESOPs to shares
IPO-bound Paytm has one of the largest ESOP pools in the startup ecosystem, and has given out ESOPs as rewards and benefits to employees, who have contributed to the growth of the company
 "166 current and former employees of Paytm convert ESOPs to shares")
Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Almost 52 per cent of IPO investors sold shares on the listing day while another 20 per cent sold the allotted shares within the first week of listing, an analysis by Motilal Oswal Financial Services.
 "Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22")
RateGain Travel files draft papers with Sebi to raise funds via IPO
RateGain is among the leading distribution technology companies globally and the largest Software as a Service (SaaS) company in the hospitality and travel industry in India
 "RateGain Travel files draft papers with Sebi to raise funds via IPO")
MedPlus Health Services files Rs 1,639 cr IPO papers with Sebi
Pharmacy retail chain MedPlus Health Services has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,639 crore through an initial share-sale
 "MedPlus Health Services files Rs 1,639 cr IPO papers with Sebi")
Devyani Int'l makes strong debut, lists at 57% premium over issue price
The stock listed at Rs 141, a 57 per cent per cent premium over the issue price of Rs 90 per share on the BSE and the NSE
 "Devyani Int'l makes strong debut, lists at 57% premium over issue price")
Windlas Biotech off to a weak start, lists at 5% discount to issue price
The stock listed at Rs 437, 5 per cent below its issue price of Rs 460 on the NSE
 "Windlas Biotech off to a weak start, lists at 5% discount to issue price")
Go Fashion files IPO papers with Sebi, plans to raise Rs 125 cr
The IPO comprises fresh issue of equity shares worth up to Rs 125 crore and an offer-for-sale of up to 12,878,389 equity shares by promoter and existing shareholders, as per draft red herring prospect
Inspira Enterprise files draft papers with Sebi to raise Rs 800-cr via IPO
The initial share-sale consists of fresh issuance of equity shares to the tune of Rs 300 crore and an offer of sale of of equity shares worth Rs 500 crore by Prakash Jain, Manjula Jain Family Trust
Market intelligence platform Tracxn Technologies files IPO papers with Sebi
Private Market Intelligence Platform Tracxn Technologies has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).
CarTrade IPO fully subscribed; Nuvoco, Aptus Chemplast 16-30%
CarTrade Tech fully subscribed, Nuvoco Vistas Corporation subscribed 30 per cent, while Aptus Value Housing and Chemplast Sanmar subscribed 24 per cent and 16 per cent respectively
 "CarTrade IPO fully subscribed; Nuvoco, Aptus Chemplast 16-30%")
A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son
Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn
 "A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son")
Chemplast Sanmar IPO: Should you bet on a company with negative net worth?
Chemplast Sanmar IPO: Sustainability of financial performance and strong cash flow would be the key catalyst for valuation re-rating, say analysts
 "Chemplast Sanmar IPO: Should you bet on a company with negative net worth?")
Strong financials vs pricey valuations: Should you bid for Aptus Value IPO?
Aptus Value IPO: Aptus is an entirely retail-focused housing finance company (HFC) in India, which primarily serves low-and-middle-income self-employed customers in rural and semi-urban markets
 "Strong financials vs pricey valuations: Should you bid for Aptus Value IPO?")
CarTrade IPO subscribed 41% on Day-1 on strong retail interest
The bulk of the bids came from retail investors
 "CarTrade IPO subscribed 41% on Day-1 on strong retail interest")
