Page 5 - Latest Updates on IPO
Disney set to offload entire stake in Tata Play during IPO: Report
Disney's move comes at a time when it is focusing on its broadcast and streaming service businesses in India
 "Disney set to offload entire stake in Tata Play during IPO: Report")
Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO
The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For Sale (OFS) of up to 3.63 crore equity shares by existing investors, according to the DRHP
 "Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO")
IPO pipeline in India seen active in 2023 on smaller deals, shows data
Only 2 companies raised more than $500 mn via public offers in 2022
 "IPO pipeline in India seen active in 2023 on smaller deals, shows data")
Landmark Cars IPO subscribed by 3 times on last day of subscription
The Initial Public Offer (IPO) of automobile dealership chain Landmark Cars got subscribed 3.06 times on the last day of subscription on Thursday, helped by huge interest from institutional buyers
 "Landmark Cars IPO subscribed by 3 times on last day of subscription")
Abans Holdings IPO receives 46% subscription on third day of offer
The initial public offering of Abans Holdings, financial services arm of the Abans Group, got subscribed 46 per cent on the third day of offer on Wednesday.
 "Abans Holdings IPO receives 46% subscription on third day of offer")
Indian winemaker Sula's IPO oversubscribed with bids worth $190 million
Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed
 "Indian winemaker Sula's IPO oversubscribed with bids worth $190 million")
Beware of information paucity and liquidity risk in unlisted shares
Even seasoned investors should bet only 5-10% on such securities
 "Beware of information paucity and liquidity risk in unlisted shares")
Brokers fret as secondary market ASBA gains motion with new UPI feature
Blocking money via UPI may lead to 5% decline in float parked with brokers, they fear
 "Brokers fret as secondary market ASBA gains motion with new UPI feature")
KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr
Financial services platform provides solutions to asset managers and corporate issuers
 "KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr")
Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more
Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share
Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore
 "Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share")
Abans Holdings IPO registers 28% subscription on second day of offer
The Initial Public Offer (IPO) of Abans Holdings, financial services arm of the Abans Group, was subscribed 28 per cent on the day two of offer on Tuesday
Landmark Cars IPO receives 17% subscription on first day of offer
The initial public offer of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
 "Landmark Cars IPO receives 17% subscription on first day of offer")
Abans Holdings offer subscribed 11% the first day of subscription
The category for non-institutional investors received 12 per cent subscription and retail individual investors (RIIs) part was subscribed 13 per cent
Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?
Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period
Tata Motors to partially sell stake in subsidiary Tata Tech via IPO
The offering could be Tata group's first since listing of TCS in 2004
 "Tata Motors to partially sell stake in subsidiary Tata Tech via IPO")
Highest number of IPO listings in 2022 recorded in November: Report
The year has had 32 offerings with an issue size of $7.6 billion, according to Grant Thornton Bharat's Dealtracker
 "Highest number of IPO listings in 2022 recorded in November: Report")
2022 in review: IPOs that doubled your money or made holes in your pocket
After a stellar run last year, the IPO market seemed to have lost some momentum this year. Here are the IPOs that doubled your money or made holes in your pocket
 "2022 in review: IPOs that doubled your money or made holes in your pocket")
Sula Vineyards IPO: Rs 288 crore worth of shares for anchor investors
Some of the anchor investors who participated in the allotment include Abu Dhabi Investment Authority, Goldman Sachs, BNP Paribas, and SBI Contra Fund among others
Snapdeal defers $152 mn IPO indefinitely citing poor market conditions
Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy
 "Snapdeal defers $152 mn IPO indefinitely citing poor market conditions")
