Page 59 - Latest Updates on IPO
Affle India's IPO subscribed 87 times on final day of bidding
The 3.4-million share offering saw bids for 292 million shares
 "Affle India's IPO subscribed 87 times on final day of bidding")
Sterling & Wilson, Spandana slash IPO size amid choppy market conditions
To hit the market next week, Sterling & Wilson and Spandana have cut their issue size by a third
Spandana Sphoorty MFI to launch initial public offering on August 5
The company proposes to utilise the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements
 "Spandana Sphoorty MFI to launch initial public offering on August 5")
Affle (India) IPO opens today: Five things to know before you invest
Key shareholders in Affle (India) include Microsoft Global Finance, a subsidiary of Microsoft Corp, which owns 6.23 per cent stake
 "Affle (India) IPO opens today: Five things to know before you invest")
Street signs: July-rebound theory fails, index funds get popular, and more
Most shares have declined in July amid sharp sell-off by foreign portfolio investors (FPIs) hurt by the increase in tax surcharge
 "Street signs: July-rebound theory fails, index funds get popular, and more")
Second phase of UPI mechanism for IPOs in place; Sebi provides banks list
The second phase of UPI as a payment mechanism commenced from July 1
 "Second phase of UPI mechanism for IPOs in place; Sebi provides banks list")
Polycab India, RVNL: 6 out of 7 IPOs listed in 2019 trade above issue price
These six companies are currently valued at Rs 6,272 crore, 19 per cent higher than the Rs 5,275 crore they collectively raised via IPOs
 "Polycab India, RVNL: 6 out of 7 IPOs listed in 2019 trade above issue price")
Suryoday Small Finance Bank plans up to Rs 1,000 crore IPO by next year
Ahead of this, the SFB will raise Rs 65 crore via increase in promoter shareholding from 27% currently, to 30% by this August
Fund raising via IPOs in first half of 2019 at four-year low
Analysts attribute the tepid H1CY19 to the overall market sentiment, especially the mid-and small-cap segment that underperformed the frontline benchmarks
 "Fund raising via IPOs in first half of 2019 at four-year low")
Five of the six IPOs launched this year yielding returns of up to 21%
Market analysts said that price band of the offers as also the overall trend in market play key role in the success of isssue
Polycab India makes stellar debut, ends at 21% premium over issue price
The oversubscription for Polycab's IPO was also the highest since HDFC AMC's Rs 2,800-crore offering last year
 "Polycab India makes stellar debut, ends at 21% premium over issue price")
Street signs: HNIs bet on Polycab IPO; Abakkus fund's success, and more
During the 2014 general election, the primary market had seen a lull with only one IPO between April 2014 and July 2014
Polycab India IPO subscribed 71% on opening day
The IPO comprises second share sale worth Rs 945 crore
Rs 1,200-crore Metropolis Healthcare IPO subscribed 6 times
The price band for the IPO is Rs 877-880 per share
Sebi extends phase 1 deadline of UPI for retail IPO investors till June 30
The timeline for implementing phase 2 and phase 3 shall remain unchanged from the date of completion of phase 1
Metropolis IPO garners 9% subscription on Day 1
A day earlier, the diagnostics company had allotted shares worth Rs 530 crore to two dozen anchor investors at Rs 880 apiece
US radio company iHeartMedia tunes into IPO as it nears bankruptcy exit
iHeartMedia did not disclose the size of share offering or set a price range
 "US radio company iHeartMedia tunes into IPO as it nears bankruptcy exit")
Rail Vikas Nigam's Rs 477-crore IPO subscribed 8% on first day of bidding
At the top end, Rail Vikas will be valued at Rs 3,962 crore
MSTC extends IPO till March 20, price range revised to Rs 120-128 per share
MSTC had earlier priced the IPO between Rs 121 and Rs 128 per share
Sebi's move to allow UPI route for IPO payments faces teething problems
The proposed process aims to increase efficiency, eliminate the need for manual intervention, and reduce the duration from issue closure to listing by up to three working days
 "Sebi's move to allow UPI route for IPO payments faces teething problems")
