Page 55 - Latest Updates on IPO
No proposal to merge LIC Housing Finance with any other entity: LIC
The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank
 "No proposal to merge LIC Housing Finance with any other entity: LIC")
Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman
Move will benefit employees, policy holders and agents, says LIC chairman
 "Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman")
Startups need to opt for IPO to tackle fund crunch: Kris Gopalakrishnan
Gopalakrishnan advised startups to take minimum funds from angel, friends and families. They have to create minimum viable product, and establish unit economics and profitable model, he underlined.
 "Startups need to opt for IPO to tackle fund crunch: Kris Gopalakrishnan")
This decade-old Sebi guideline is holding up much-awaited SBI Cards IPO
Latest rule change may, however, clear decks for Rs 9,500-cr offering
 "This decade-old Sebi guideline is holding up much-awaited SBI Cards IPO")
D-Street's bullet train: IRCTC climbs league table to be most-valued PSU
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent
 "D-Street's bullet train: IRCTC climbs league table to be most-valued PSU")
EaseMyTrip, realty firm Puranik Builders and 2 others get nod for IPO
The companies had filed draft offer documents with the Securities and Exchange Board of India (Sebi) during September-December 2019
 "EaseMyTrip, realty firm Puranik Builders and 2 others get nod for IPO")
LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts
Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative
 "LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts")
LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts
Currently, the government owns the entire 100 per cent stake in LIC.
 "LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts")
Indian Railway Finance Corporation files IPO draft papers with Sebi
The shares of the company are proposed to be listed on the BSE and the NSE.
 "Indian Railway Finance Corporation files IPO draft papers with Sebi")
UTI AMC IPO faces fresh trouble: Officers move Sebi over salary deadlock
All India UTI AMC Officers' Association approaches Sebi, says draft prospectus does not highlight contingent liabilities
 "UTI AMC IPO faces fresh trouble: Officers move Sebi over salary deadlock")
Mattress seller Casper issues 'influencer' warning in draft IPO filing
Casper isn't the first to mention influencer marketing in its IPO prospectus, but may be the first to specifically highlight influencers as a risk factor for investors
 "Mattress seller Casper issues 'influencer' warning in draft IPO filing")
Sterling & Wilson must give exit option to small shareholders: Ingovern
Sterling and Wilson Solar, which has the Shapoorji Pallonji Group as a co-promoter, was listed on the stock exchanges in August 20 last year
 "Sterling & Wilson must give exit option to small shareholders: Ingovern")
ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi
According to the DRHP, the IPO comprises a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) amounting to Rs 176.2 crore
 "ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi")
NSE approaches Sebi for IPO, hopes to launch public issue by September
The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares
 "NSE approaches Sebi for IPO, hopes to launch public issue by September")
Surrendra Park Hotels-owned Flurys files papers for Rs 1000-crore IPO
The IPO comprises Rs 400 crore of fresh issuance of shares, along with an offer for sale worth Rs 600 crore.
With mandatory pre-trade allocation, Sebi to plug IPO-arbitrage in MFs
Foreign institutional investors might also need to adhere to proposed pre-trade allocations
 "With mandatory pre-trade allocation, Sebi to plug IPO-arbitrage in MFs")
China's first high-speed rail company launches IPO to raise over $5 billion
The listing adds to signs that China is pushing to further open industries dominated by state-owned companies.
Karuna Therapeutics, little-known firm is yr's best US IPO with 420% surge
Early Karuna holders saw more than 420 per cent returns since the June IPO at $16 a share
 "Karuna Therapeutics, little-known firm is yr's best US IPO with 420% surge")
UTI MF files draft papers for IPO; issue size likely to be up to Rs 4000 cr
The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore
 "UTI MF files draft papers for IPO; issue size likely to be up to Rs 4000 cr")
Of 15 IPO stocks, 11 gave listing gains in 2019; IRCTC listed 101% higher
On average, IPO stocks listed 20 per cent higher than their issue price on a listing day
 "Of 15 IPO stocks, 11 gave listing gains in 2019; IRCTC listed 101% higher")
