Page 43 - Latest Updates on IPO
Shyam Metalics, Sona Comstar: What grey mkt is signalling ahead of listing
Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat
 "Shyam Metalics, Sona Comstar: What grey mkt is signalling ahead of listing")
Should you subscribe to India Pesticides IPO? Here's what analysts say
India Pesticides IPO: Analysts have largely assigned 'Subscribe' rating to the issue on the back of positive growth prospects, strong financials and reasonable valuations
 "Should you subscribe to India Pesticides IPO? Here's what analysts say")
Mubadala group to put up Abu Dhabi's first IPO since 2017, more to follow
Al Yah Satellite Communications, fully owned by Abu Dhabi's $243 billion sovereign fund, plans to offer a stake of as much as 40% next month.
 "Mubadala group to put up Abu Dhabi's first IPO since 2017, more to follow")
Easier dilution norms for large IPOs where post-listing m-cap tops Rs 1 trn
Move seen as precursor to LIC IPO; 5% minimum public shareholding compulsory on IBC relisting
 "Easier dilution norms for large IPOs where post-listing m-cap tops Rs 1 trn")
Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma's promoter tag
The company's much-awaited IPO is expected to come by November this year
 "Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma's promoter tag")
India Pesticides' Rs 800 cr IPO to open June 23; price band Rs 290-296
Fresh issue of Rs 100 crore, offer for sale of Rs 700 crore; anchor investors to be allotted shares on Tuesday
 "India Pesticides' Rs 800 cr IPO to open June 23; price band Rs 290-296")
Dodla Dairy IPO subscribed 3.3 times on Day-2; KIMS offer mops up 56%
Both IPOs close on Friday (tomorrow)
JPMorgan, Goldman, two other banks hired by Paytm for proposed $3 bn IPO
The board of the startup, formally called One97 Communications, also approved Morgan Stanley and ICICI Securities Ltd. to help with the sale, the people said, asking not to be identified as the matter
 "JPMorgan, Goldman, two other banks hired by Paytm for proposed $3 bn IPO")
Shyam Metalics IPO gets healthy response, subscribed 121 times on Day 3
Shyam Metalics' IPO size was Rs 909 crore of which Rs 657 crore was fresh fund raise to help retire debt.
 "Shyam Metalics IPO gets healthy response, subscribed 121 times on Day 3")
Key things retail investors must look at before investing in an IPO
Ajit Mishra, VP - Research at Religare Broking and Milan Desai, lead equity analyst at Angel Broking explain in detail the key things to look at before hitting subscribe on an IPO
 "Key things retail investors must look at before investing in an IPO")
PUBG maker plans to raise $5 billion in South Korea's largest ever IPO
The gaming company will sell more than 10 million shares at 458,000 won to 557,000 won apiece.
 "PUBG maker plans to raise $5 billion in South Korea's largest ever IPO")
Dodla Dairy IPO: Should you subscribe to the issue?
The IPO, analysts said, is valued at 16.5 times FY21 earnings and looks reasonable compared with peers, although some concerns on the earnings growth front linger
 "Dodla Dairy IPO: Should you subscribe to the issue?")
Shyam Metalics' IPO fully subscribed 3.65 times, Sona BLW 27% on Day 2
Shyam Metallics has been priced between Rs 303 to 306 per share while Sona BLW has priced its IPO between Rs. 285 - Rs. 291 per share.
 "Shyam Metalics' IPO fully subscribed 3.65 times, Sona BLW 27% on Day 2")
Ruchi Soya buys biscuits, noodles unit from Patanjali for Rs 65 cr
Ruchi Soya to use FPO fund to repay debt
 "Ruchi Soya buys biscuits, noodles unit from Patanjali for Rs 65 cr")
Anupam Rasayan clears debt worth Rs 530 cr from recent IPO proceeds
Anupam Rasayan has repaid debt worth Rs 530 crore from the net proceeds of its recently completed initial public offering and will clear an additional Rs 30 crore debt by next quarter
 "Anupam Rasayan clears debt worth Rs 530 cr from recent IPO proceeds")
Sona Comstar IPO: Should you subscribe to the issue?
The issue consists of a fresh sale of Rs 300 crore and an offer for sale (OFS) worth Rs 5,250 crore, of shares held by Singapore Topco, an affiliate of the Blackstone group
 "Sona Comstar IPO: Should you subscribe to the issue?")
Shyam Metalics IPO: Growth outlook outweighs valuation concern, say experts
The nearly two decade old company has opened its three-day public offer (between June 14 and 16) at a price band of Rs 303-306 per share
 "Shyam Metalics IPO: Growth outlook outweighs valuation concern, say experts")
IPO buzz on the Street as dozen finserv players line up Rs 55,000 cr issues
As Paytm board reportedly approving a share sale plan running north of Rs 22,000 crore,IPO market is set for a big days as over a dozen finserv players are set to mop up over Rs 55,000 cr this fiscal
Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing
Didi, one of the largest investments in SoftBank Group Corp.'s portfolio, accelerated its listing plans after its business rebounded as the coronavirus pandemic ebbed in China.
 "Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing")
After muted debut, shares of this travel company are up 100% in a month
Easy Trip Planners have rallied 127% in the past one month on anticipation that pent up demand would boost the travel and tourism segment
 "After muted debut, shares of this travel company are up 100% in a month")
