Page 44 - Latest Updates on IPO
LG Energy moves ahead on South Korea IPO that IFR says may raise $10-$12 bn
LG Energy and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size
 "LG Energy moves ahead on South Korea IPO that IFR says may raise $10-$12 bn")
Zomato names Chief People Officer Akriti Chopra as co-founder ahead of IPO
Not the first time Zomato has made an exec a co-founder; Mohit Gupta, CEO of food delivery business and Gaurav Gupta, COO, were so named earlier
 "Zomato names Chief People Officer Akriti Chopra as co-founder ahead of IPO")
Auto parts supplier Sona Comstar to launch Rs 5,550-crore IPO next week
Price band at Rs 285-291 a share; fresh sale of Rs 300 cr and OFS worth Rs 5,250 crore, of shares held by Singapore Topco, Blackstone affiliate
 "Auto parts supplier Sona Comstar to launch Rs 5,550-crore IPO next week")
Two-month IPO drought set to end with Shyam Metalics Rs 909 cr offer
Steelmaker prunes size issue by 18%, to launch IPO next week
 "Two-month IPO drought set to end with Shyam Metalics Rs 909 cr offer")
Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources
IPO will foster public and institutional investors' trust, and seal the company's position as India's largest fintech player
 "Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources")
Shyam Metalics sets price band at Rs 303-306 for Rs 909 crore-IPO
Integrated metal producing company Shyam Metalics and Energy on Tuesday fixed a price band of Rs 303-306 a share for its Rs 909 crore-initial public offer (IPO)
 "Shyam Metalics sets price band at Rs 303-306 for Rs 909 crore-IPO")
Paytm sends 'offer for sale' to staff as it moves ahead with $3 bn IPO
Paytm's public market debut will include a mix of new and existing shares to meet regulatory obligations.
 "Paytm sends 'offer for sale' to staff as it moves ahead with $3 bn IPO")
IPO-bound Paytm narrows losses to Rs 1,701 cr, reduces expenses in FY21
Revenue from operations fell 14.5 per cent to Rs 2,802.41 crore during the year, according to the Ant Financial-backed company's annual report
 "IPO-bound Paytm narrows losses to Rs 1,701 cr, reduces expenses in FY21")
LIC: Govt may seek proposals from investment banks for mega IPO in June
An offering could happen as soon as March 2022, say sources
 "LIC: Govt may seek proposals from investment banks for mega IPO in June")
Boom in Chinese companies listing in the US halts as market declines
A bike-sharing platform, a podcaster and a cloud computing firm are among corporates holding off plans.
 "Boom in Chinese companies listing in the US halts as market declines")
Retail investors miss rally in Gland Pharma; stock up 118% over IPO price
At the time of its IPO, retail investors bid for only 24 per cent or 0.24 times of the shares set aside for them
 "Retail investors miss rally in Gland Pharma; stock up 118% over IPO price")
Will Go Air's IPO initiate sector re-rating? Here's what analysts think
The IPO may not garner expected response as the financial position of the entire sector remains precarious given the unabated rise in Covid-19, and relatively higher oil prices
 "Will Go Air's IPO initiate sector re-rating? Here's what analysts think")
Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself
India's largest airline by market share will use the proceeds to meet debt obligations, pay oil companies.
 "Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself")
Zomato IPO will test Indian investors' unicorn appetite: Analyst's note
Company faces competition in a food services market that is yet to reach global scale.
 "Zomato IPO will test Indian investors' unicorn appetite: Analyst's note")
Sebi proposes rationalising 'promoter group' definition'; moots a concept
Markets regulator Sebi proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods
 "Sebi proposes rationalising 'promoter group' definition'; moots a concept")
Sebi vets stake control in Zomato's IPO papers for China firm's role
Regulator scans startup's prospectus to check if Jack Ma's Ant group will be issued bonus shares/rights shares.
 "Sebi vets stake control in Zomato's IPO papers for China firm's role")
PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times
Institutional and non-institutional portions were subscribed 4.6x and 5.1x
 "PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times")
Chemplast Sanmar files Rs 3,500-cr IPO papers
Chemplast Sanmar Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial share sale
 "Chemplast Sanmar files Rs 3,500-cr IPO papers")
Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO
The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier
 "Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO")
Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday
The price band for the IPO is 99-100 per unit of Rs 100 each
 "Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday")
