Page 64 - Latest Updates on IPO
Sleepwell parent Sheela Foam files Rs 510-cr IPO papers
Sheela Foam is looking at a valuation of $400-500 mn; will dilute 15% stake in offer for sale
 "Sleepwell parent Sheela Foam files Rs 510-cr IPO papers")
Funds anchor IPOs, then sail off after debuts
Anchor investors cannot sell their shares for 30 days from the date of allotment, while IPO investors can sell them on listing day
 "Funds anchor IPOs, then sail off after debuts")
BSE starts process to accept shares for IPO
Shareholders invited to deposit all or part of their holding in demat form in escrow account by Aug 22
Robust listings whet retail appetite in IPOs
In 2016, six of the twelve issues that hit the market have seen retail investors bidding for more than three times the shares on offer
 "Robust listings whet retail appetite in IPOs")
Over 60% newly-listed cos stay above IPO price; Ujjivan shines
The share of Ujjivan Financial Services, which made its stock market debut in May, is trading about two times higher than IPO price
IPO market in fast lane, companies mop up Rs 7,775 cr in Jan-Jun
The period has seen more than half of the 11 newly-listed stocks trading at a higher premium over the issue price
Intex, third-largest smartphone maker, planning to go public
It garners about 15% revenue from its consumer durables business
 "Intex, third-largest smartphone maker, planning to go public")
Quess Corp's Rs 400-cr IPO to kick off tomorrow
The firm, promoted by Ajit Isaac and Thomas Cook (India), has fixed a price band of Rs 310-317 a share with Rs 10 face value
Foreign i-bankers latch onto large IPOs
Four of the six bankers shortlisted for the Rs 16,000-crore Vodafone IPO - Bank of America Merrill Lynch, UBS, Deutsche Bank and HSBC - are foreign names
 "Foreign i-bankers latch onto large IPOs")
IPOs worth Rs 6,000 cr set to hit market in next two months
RBL Bank, Mahanagar Gas, GVR Infra Projects, Larsen and Toubro Infotech are some of the firms going public
BSE IPO: Fewer i-bankers likely now than in 2012
Sources said number to be less than 10, compared with 14 in 2012
 "BSE IPO: Fewer i-bankers likely now than in 2012")
 "Anchor boost for IPOs")
MGL IPO in pipeline this month; to raise Rs 1,200 cr
British Gas India Pvt Ltd and state-owned GAIL (India) Ltd will sell 12.5% each in the IPO
 "MGL IPO in pipeline this month; to raise Rs 1,200 cr")
BSE plans to file IPO papers with Sebi in July
Exchange's initial share-sale programme expected to hit market this financial year
Parag Milk Foods cuts issue price, extends closing
Rs 750-cr IPO fails to garner mandatory institutional participation
 "Parag Milk Foods cuts issue price, extends closing")
Parag Milk IPO positives priced in
Continued investments in facilities, products and branding will keep profitability
 "Parag Milk IPO positives priced in")
Thyrocare IPO subscribed 73 times, gets huge response on closing day
Thyrocare Technologies to be listed on BSE and NSE in seven working days
 "Thyrocare IPO subscribed 73 times, gets huge response on closing day")
Thyrocare IPO subscribed two times; Ujjivan 21%
The medical diagnostics company's Rs 480-crore IPO closes on Friday
 "Thyrocare IPO subscribed two times; Ujjivan 21%")
Will Thyrocare IPO perform as smartly as Dr Lal Pathlabs?
Dr Lal Pathlabs, which came out with its IPO at Rs 550 per share, was listed at a 30% premium at Rs 720 and touched a high of Rs 1,045 a few weeks ago
Ujjivan Financial Services IPO: Concerns well captured
Given the strong financials and track record, long-term investors could consider the offer
 "Ujjivan Financial Services IPO: Concerns well captured")
