Page 38 - Latest Updates on IPO
Nuvoco Vistas IPO: Analysts' take, grey market trend & all you need to know
Nuvoco Vistas IPO: Despite healthy operational performance, higher depreciation and interest cost have led to an inconsistent performance at the PAT level for Nuvovo Vista
 "Nuvoco Vistas IPO: Analysts' take, grey market trend & all you need to know")
Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest
The Rs 731-crore IPO generated bids worth Rs 66,744 crore
 "Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest")
Rolex Rings makes strong debut, lists at 39% premium over issue price
Rolex Rings listed at Rs 1,250 as against issue price of Rs 900 per share on the NSE
 "Rolex Rings makes strong debut, lists at 39% premium over issue price")
Call for clarity: Investors reach govt door, seek LIC IPO details
Investors have been keen to know the embedded value of India's largest insurer, and the value of new businesses, which are yet to be determined
 "Call for clarity: Investors reach govt door, seek LIC IPO details")
Why it is not so easy for a retail investor to make money in an IPO
Allotment could be low, and expected listing-day gains can quickly morph into losses if sentiment takes a turn for the worse
 "Why it is not so easy for a retail investor to make money in an IPO")
Sebi halves the post-IPO lock-in period for promoters to 18 months
Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)
 "Sebi halves the post-IPO lock-in period for promoters to 18 months")
Heavy retail rush for 4 IPOs puts banking system under pressure
According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages
 "Heavy retail rush for 4 IPOs puts banking system under pressure")
China set to impose $1-billion fine on Meituan over antitrust issues
Firm asked to revamp operations and end exclusivity pacts with some merchants
 "China set to impose $1-billion fine on Meituan over antitrust issues")
Windlas Biotech IPO oversubscribed 22.46 times on closing day
The Rs 401.53-crore offer had a price range of Rs 448-460 per share
 "Windlas Biotech IPO oversubscribed 22.46 times on closing day")
Sebi board decides to reduce minimum lock-in period for promoters post IPO
The market regulator reduced the lock-in period to 18 months from 3 years under some conditions
Chemplast Sanmar IPO to open on Aug 10; price band fixed at Rs 530-541
The company aims to raise Rs 3,850 crore through the IPO, which will include Rs 1,300 crore fresh issue and offer for sale up to Rs 2,550 crore by promoters
IPO frenzy: 24 stocks that more than doubled your money in two years
Given the subscription levels of some of the recent IPOs, analysts have started to be cautious and suggest investors do not subscribe to every IPO that hits the Street
 "IPO frenzy: 24 stocks that more than doubled your money in two years")
India rupee hits 6-week top on IPO inflows, record-high stocks
The partially convertible rupee was at 74.17/18 per dollar, as of 0805 GMT, after touching 74.0925 earlier, its strongest since June 22.
 "India rupee hits 6-week top on IPO inflows, record-high stocks")
Should you bid for loss-making Devyani International's Rs 1,800 crore IPO?
At the upper end of the price band, Devyani is offered at 9.5x market capitalisation/sales as per FY21 financial statement, compared to peers like Jubilant Foodworks (15x), Westlife Development (8.8x)
 "Should you bid for loss-making Devyani International's Rs 1,800 crore IPO?")
Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity
Promoters and investors selling shares via OFS upto 43.1 million
 "Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity")
Adani Wilmar files draft papers for Rs 4,500 crore-IPO with Sebi
Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore.
Zomato's slim ad-spend sets marketing benchmark for firms seeking to list
Despite the frugal ad spends, Zomato's IPO managed to generate bids worth Rs 2.1 trillion
 "Zomato's slim ad-spend sets marketing benchmark for firms seeking to list")
5 pharma/healthcare IPOs to raise over Rs 8,000 cr this month
Riding on huge investor interest in the healthcare sector, five pharma companies are tapping the initial public offering (IPO) market over the next couple of weeks to raise over Rs 8,000 crore.
 "5 pharma/healthcare IPOs to raise over Rs 8,000 cr this month")
NSE seeks Sebi's go-ahead for IPO amid mounting pressure from shareholders
Sources said the market regulator is yet to give a go-ahead to the exchange
 "NSE seeks Sebi's go-ahead for IPO amid mounting pressure from shareholders")
Anil Agarwal's Sterlite Power Transmission hires two banks for IPO
The IPO will mainly consist of new shares, and more bankers may be added as plans progress
 "Anil Agarwal's Sterlite Power Transmission hires two banks for IPO")
