Only 2 companies raised more than $500 mn via public offers in 2022
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
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.
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
Even seasoned investors should bet only 5-10% on such securities
Financial services platform provides solutions to asset managers and corporate issuers
Blocking money via UPI may lead to 5% decline in float parked with brokers, they fear
Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
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
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
The initial public offer of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
The category for non-institutional investors received 12 per cent subscription and retail individual investors (RIIs) part was subscribed 13 per cent
The offering could be Tata group's first since listing of TCS in 2004
The year has had 32 offerings with an issue size of $7.6 billion, according to Grant Thornton Bharat's Dealtracker
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
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
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
Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy
Automobile dealership chain Landmark Cars Ltd on Thursday said it has fixed a price band of Rs 481-506 per share for its Rs 552 crore initial share-sale that opens for public subscription on December 13.
The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders