Page 39 - Latest Updates on IPO
US regulators step up scrutiny of IPO hopefuls from China before listing
Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before US regulators will allow them to list their stock
 "US regulators step up scrutiny of IPO hopefuls from China before listing")
KFC, Pizza Hut brand operator eyes Rs 10,823 cr valuation in IPO
Ravi Kant Jaipuria-promoted Devyani International prices its IPO between Rs 86-90
 "KFC, Pizza Hut brand operator eyes Rs 10,823 cr valuation in IPO")
Glenmark Life's Rs 1,500 cr IPO subscribed 45x on strong HNI interest
Rolex Rings subscribed 9.3 times a day before close
 "Glenmark Life's Rs 1,500 cr IPO subscribed 45x on strong HNI interest")
Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year
Issue price was Rs 903 per share, IPO had garnered 180x subscription
 "Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year")
Post-IPO, promoter family of Nykaa to continue holding 51% stake
The company has followed an inventory-led model so that the authenticity of the quality of brands was assured
 "Post-IPO, promoter family of Nykaa to continue holding 51% stake")
Centre divests 8% in Hudco, Glenmark Life subscribed 4x on penultimate day
Rolex Rings subscribed 3.5 times on Day-1, Tatva Chintan to list on Thursday
JSW Cement to raise up to Rs 1,500 crore from two global equity investors
Deal structured as a PE deal with compulsorily convertible preference shares issued to the investors; conversion into equity will be based on performance and valuation at the time of IPO
 "JSW Cement to raise up to Rs 1,500 crore from two global equity investors")
Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr
The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.
 "Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr")
Online brokerage Robinhood's meme stock status fuels IPO uncertainty
The trading app's monthly active users surged from 11.7 million at the end of December to 21.3 million as of the end of June
 "Online brokerage Robinhood's meme stock status fuels IPO uncertainty")
Zomato aside, Few loss making firms had post-IPO gains in past 10 years
While 51% of profit-making companies had positive returns one year after IPO, for companies that bore losses in at least one in the previous three years, the proportion was 30%
Zomato IPO has busted myths on startup listings: Info Edge's Bikhchandani
Bikhchandani wrote Zomato's first cheque of Rs 4.7 crore in 2010 and was its only investor in the first four funding rounds.
 "Zomato IPO has busted myths on startup listings: Info Edge's Bikhchandani")
Expert panel examining feasibility to introduce SPACs in India: Sebi chief
SPACs or blank cheque companies are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
 "Expert panel examining feasibility to introduce SPACs in India: Sebi chief")
Glenmark Life IPO subscribed 2.8x on Day-1 on strong retail interest
The wholly-owned subsidiary of Glenmark Pharma is issuing Rs 1,060 cr fresh equity and offer for sale of 6.3 million shares worth Rs 453.6 crore
 "Glenmark Life IPO subscribed 2.8x on Day-1 on strong retail interest")
Rolex Rings prices IPO between Rs 880-900 per share; issue opens July 28
The offer comprises a fresh issue of Rs 56 crore and an offer for sale of shares worth Rs 675 crore.
Zomato listing: An Infosys moment?
The flood of money gushing into start-ups is a seminal moment for the markets, even if all this new capital is burned
 "Zomato listing: An Infosys moment?")
Zomato listing to provide shot in the arm to startup ecosystem
Market players say strong stock market debut will prompt VC and PE firms to back more domestic startups, apart from motivating more unicorns to resist the temptation to list in the US
 "Zomato listing to provide shot in the arm to startup ecosystem")
At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India
On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India
 "At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India")
Zomato's $1.3 bn IPO to test appetite for India's new tech generation
Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated
 "Zomato's $1.3 bn IPO to test appetite for India's new tech generation")
Zomato to make stock market debut on Friday, four days ahead of schedule
Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline
Glenmark Life Sciences to open July 27 with 6.3 mn shares on sale
Anand Rathi Wealth files DRHP with Sebi, IPO will be pure offer for sale
