Page 41 - Latest Updates on IPO
Top headlines: Govt floats RFP for LIC IPO; Covid scare for Team India
Business Standard brings you the top stories of the day
 "Top headlines: Govt floats RFP for LIC IPO; Covid scare for Team India")
Amid robust retail demand, Zomato IPO oversubscribed 1.3 times on Day 2
Zomato's initial public offering was oversubscribed 1.3 times on the second day of the offering with retail investors continuing to bid for shares of the food delivery platform.
 "Amid robust retail demand, Zomato IPO oversubscribed 1.3 times on Day 2")
KIMS zooms 61% over IPO price as investors lap up shares post listing
Institutional investors purchased an additional 1.24 million equity shares or 1.55 per cent stake of the company via open market post its listing
 "KIMS zooms 61% over IPO price as investors lap up shares post listing")
Zomato in MSCI, FTSE indices by year-end, Sensex-Nifty entry hard: Analyst
Stock will need to move to about Rs 328 a share (4.3x over possible IPO price of Rs 76) for it to be part of Nifty index
 "Zomato in MSCI, FTSE indices by year-end, Sensex-Nifty entry hard: Analyst")
Zomato IPO fully subscribed on Day 1, attracts bids worth Rs 5,700 cr
Market players say marquee names in anchor book have been a big confidence booster; young investors are showing a lot of interest in the IPO of a brand they relate with
 "Zomato IPO fully subscribed on Day 1, attracts bids worth Rs 5,700 cr")
Paytm Money trends on Day One of Zomato IPO as new investors flock
Zomato IPO sees retail portion subscribed by over 200% within the first two hours of opening
 "Paytm Money trends on Day One of Zomato IPO as new investors flock")
Zomato IPO gets Twitter buzzing with tweets from startup community
Deepinder Goyal 'stress eating', Vijay shekhar Sharma of Paytm cheers along
 "Zomato IPO gets Twitter buzzing with tweets from startup community")
Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO
Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion
Zomato's grey market premium is on a steady decline; here's why
Zomato shares were trading at a premium of 10 per cent in the grey market
LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel
The government is targeting the launch of LIC's IPO in the last quarter of the financial year as it is yet to derive the embedded value of the insurer.
 "LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel")
Zomato IPO: Subscribe for listing gains, suggest brokerages
Zomato IPO is set to be a watershed moment in the Indian internet space, Jefferies said in a note
 "Zomato IPO: Subscribe for listing gains, suggest brokerages")
Paytm's key management personnel likely to be named in its DRHP
Paytm's wholly-owned arms are also being run by key leaders, including Varun Sridhar, who heads Paytm Money, Satish Gupta (Paytm Payments Bank) and Vineet Arora (Paytm General Insurance)
 "Paytm's key management personnel likely to be named in its DRHP")
Zomato IPO: How do Indian food delivery players match up to global peers?
While there are a lot of questions on the minds of investors with respect to the medium-term growth, profitability & cash usage, FOMO factor should keep the excitement level high
 "Zomato IPO: How do Indian food delivery players match up to global peers?")
Zomato is first IPO on Paytm Money's new pre-IPO open application feature
Paytm Money is the first digital broker in India to offer this functionality, and expects this to significantly increase the participation of retail users in IPOs via its platform
IPO-bound LIC chairman M R Kumar to complete his term: Govt official
The government has abolished the position of chairman at the insurer, and will have a CEO and MD
 "IPO-bound LIC chairman M R Kumar to complete his term: Govt official")
Digital payments start-up Mobikwik nears filing for $300-million IPO
MobiKwik plans to lodge the listing documents with the Indian securities regulator as soon as the next few days
 "Digital payments start-up Mobikwik nears filing for $300-million IPO")
Zomato IPO a watershed moment for start-up ecosystem, say experts
The much talked about Zomato IPO is an encouraging sign for the start-up community
 "Zomato IPO a watershed moment for start-up ecosystem, say experts")
IPO may not change how we operate our biz: Zomato's co-founder & CFO
Most of our investors are looking at it as a long-term investment for five-ten years, no one else wanted to sell, says Akshant Goyal
 "IPO may not change how we operate our biz: Zomato's co-founder & CFO")
IPO Watch: G R Infraprojects subscribed six times on Day-2
Clean Science offer gets 4.4x subscription
 "IPO Watch: G R Infraprojects subscribed six times on Day-2")
Zomato prices its IPO at Rs 72-76 per share; offer open between July 14-16
At the top end of the band, the company could raise Rs 9,375 cr and is valued at Rs 64,365 cr. Zomato's is the largest IPO in 16 months after SBI cards which raised Rs 10,355 cr
