Page 52 - Latest Updates on IPO
Mazagon IPO subscribed 1.74 times on Day 1; UTI AMC mops up about 24%
Govt is looking to raise Rs 440 crore by divesting 15.2% stake through Mazagaon IPO
 "Mazagon IPO subscribed 1.74 times on Day 1; UTI AMC mops up about 24%")
Sebi extends relaxation on validity of nod to launch IPO, rights issue
The move comes following representations from the industry, the Securities and Exchange Board of India said in a circular
 "Sebi extends relaxation on validity of nod to launch IPO, rights issue")
UTI AMC IPO opens today; should you subscribe? Here's what brokerages say
UTI AMC is the second-largest asset management company in India in terms of total assets under management (AUM).
 "UTI AMC IPO opens today; should you subscribe? Here's what brokerages say")
Wrong idea in market that we are not professionally run: Top UTI AMC exec
In a Q&A, three of the firm's top brass dwell on its forthcoming IPO, the state of the MF industry and issues surrounding the company's ownership structure
 "Wrong idea in market that we are not professionally run: Top UTI AMC exec")
It's raining IPOs: With 8 deals, busiest month for Dalal Street in nine yrs
While in terms of volume this has been a busy month, the cumulative amount, Rs 7,123 cr, being raised is relatively low
 "It's raining IPOs: With 8 deals, busiest month for Dalal Street in nine yrs")
UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554
Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.
 "UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554")
Applying for an IPO? Here are the things that you should keep in mind
Those who invest in an IPO are among the first to buy shares in the company after it goes public and hence there is a price discovery that is yet to happen
 "Applying for an IPO? Here are the things that you should keep in mind")
Angel Broking IPO opens today: Here's what top brokerages recommend
The public issue will close on September 24
CAMS IPO opens today: Four reasons why analysts suggest subscribing to it
As of June 2020, CAMS services four out of five largest AMCs - HDFC MF, ICICI Prudential MF, SBI MF, and Aditya Birla Sun Life MF.
 "CAMS IPO opens today: Four reasons why analysts suggest subscribing to it")
Angel Broking to launch Rs 600-cr initial public offering next week
Angel Broking will be looking to ride the boom in broking industry seen this financial year
 "Angel Broking to launch Rs 600-cr initial public offering next week")
Flipkart plans overseas listing in 2021, seeks $50 bn valuation: Report
Flipkart is likely to choose between Singapore, or the United States for the initial public offering
 "Flipkart plans overseas listing in 2021, seeks $50 bn valuation: Report")
With Happiest Minds, 77-year-old Ashok Soota hits IPO jackpot a second time
Happiest Minds, which gets almost all of its revenue from digital services, is one of two IPOs this week to woo Indian investors
 "With Happiest Minds, 77-year-old Ashok Soota hits IPO jackpot a second time")
Route Mobile IPO fully subscribed on day 1, most bids from retail investors
The funds raised will be utilized to repay debt, make strategic acquisition and purchase office premises in Mumbai. The price band for the IPO is Rs 345 to Rs 350 per share
Happiest Minds IPO subscribed 151 times, sees bids worth Rs 58,000 cr
Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital
 "Happiest Minds IPO subscribed 151 times, sees bids worth Rs 58,000 cr")
Bombay HC directs UTI AMC to include staff liabilities in IPO prospectus
The liabilities could amount to Rs 1,250 crore, with bulk arising out of pension dues to 1,200-odd former employees, as per estimates by staff associations
 "Bombay HC directs UTI AMC to include staff liabilities in IPO prospectus")
Initial public offering mania in China creates 3 new billionaires in a week
Initial public offerings have been an important channel for wealth creation in China
Bain-backed flash memory chipmaker Kioxia launches $3.6 billion IPO
Bain, which initially planned to list Kioxia last year, pushed back the listing because of deteriorating market conditions
September may see end of one-month IPO drought with five hitting the market
Despite supportive markets, August saw no new offerings
Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector
Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus
 "Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector")
PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion
The company's foray into financial services is going to play a key role in the firm becoming profitable and going public
 "PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion")
