Page 45 - Latest Updates on IPO
Info Edge's early investment in Zomato set to deliver sweet returns
According to the DRHP filed by Zomato as part of its initial public offering plan, Info Edge currently owns 1.244 billion shares at an average cost of Rs 1.16 each
 "Info Edge's early investment in Zomato set to deliver sweet returns")
Zomato eyes raising $1.1 bn through initial public offering, files DRHP
The IPO offer includes a fresh issue by the company worth Rs 7,500 crore, and and an offer for sale by the selling shareholder Info Edge
 "Zomato eyes raising $1.1 bn through initial public offering, files DRHP")
Tamilnad Mercantile Bank eyes Rs 1,000-crore IPO by Nov-Dec 2021
The lender's FY21 net profit rose 48% to Rs 603 cr
 "Tamilnad Mercantile Bank eyes Rs 1,000-crore IPO by Nov-Dec 2021")
Discord ends sale talks with Microsoft, likely to pursue IPO: Sources
The messaging platform will focus on building the chat platform and making money from its user base that has grown quickly during the pandemic
 "Discord ends sale talks with Microsoft, likely to pursue IPO: Sources")
Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr
Through the maiden offering Canadian firm Sun Life Financial will divest its 12.56% holding, while Aditya Birla Capital will sell a little less than 1%
 "Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr")
Aditya Birla Sun Life AMC files DRHP with Sebi
The board of Aditya Birla Capital on April 14 had approved the IPO of Aditya Birla Sun Life AMC
 "Aditya Birla Sun Life AMC files DRHP with Sebi")
Glenmark Pharma hits 23-month high on Glenmark Life Sciences IPO plan
ICICI Securities believe this is a positive development for the company and will lead to value unlocking for the shareholder
 "Glenmark Pharma hits 23-month high on Glenmark Life Sciences IPO plan")
Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators
Beijing-headquartered Waterdrop distributes insurance policies online and provides illness crowd-funding
Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November
 "Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny")
Best start to equity capital market activity in three years, shows data
Real estate took second place with a 14.3% share, while materials rounded out the top three with an 11% share
 "Best start to equity capital market activity in three years, shows data")
Barbeque Nation shares soar 18% on debut, get locked in 20% upper circuit
Rally surprised Street as most were expecting subdued listing due to the fresh turbulence in restaurant sector caused by the lockdown imposed in Maharashtra to contain Covid-19 spread
 "Barbeque Nation shares soar 18% on debut, get locked in 20% upper circuit")
India's Trifecta Capital files for Rs 1,500 crore late-stage VC fund
Trifecta Capital is planning a Rs 1,500 crore-late stage venture capital fund that will invest in new economy companies that are likely to pursue an initial public offering in the medium term
 "India's Trifecta Capital files for Rs 1,500 crore late-stage VC fund")
Lodha allots shares worth Rs 740 cr to anchor investors ahead of IPO
The company allotted 15.2 million shares to 14 investors at Rs 486 apiece
 "Lodha allots shares worth Rs 740 cr to anchor investors ahead of IPO")
Shriram Properties may file IPO this week to raise up to Rs 800 cr
Bengaluru-based Shriram Properties may file a draft document this week with market regulator Sebi for its proposed initial public offer (IPO) to raise up to Rs 800 crore, according to sources.
Heranba Industries falls below issue price, hits lowest level since listing
Shares of Heranba Industries had made a strong debut on the bourses with the stock listing at a 43.5 per cent premium over its issue price
 "Heranba Industries falls below issue price, hits lowest level since listing")
Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO
He said the company's net debt for India business is Rs 16,700 crore as of December 31, 2020. "Our debt will come down to Rs 12,700 crore after the IPO".
 "Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO")
Deliveroo's IPO slump casts doubt over London's post-Brexit ambitions
Shares in the food delivery company slumped as much as 30% on Wednesday in one of the biggest first day falls for a stock in London
 "Deliveroo's IPO slump casts doubt over London's post-Brexit ambitions")
Jana Small Finance Bank files IPO papers, aims to raise Rs 1,100 crore
According to merchant banking sources, the IPO is expected to fetch Rs 1,100 crore
InMobi plans $1-billion IPO on Nasdaq by the end of fourth quarter
According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly
Highest-ever fundraising via IPOs in FY21; FY22 will be tough: Analysts
Retail investors were the key drivers of the momentum seen in the primary markets in FY21. The road in FY22, however, will not be easy as investors are likely to become choosier
 "Highest-ever fundraising via IPOs in FY21; FY22 will be tough: Analysts")
