Page 11 - Initial Public Offering Ipo

China's Didi raises $4.4 billion in upsized US initial public offering

Didi sold 316.8 million American Depository Shares (ADS), versus the planned 288 million, at $14 apiece.

India Pesticides initial public offering subscribed 29 times on last day

The initial public offer of India Pesticides Limited was subscribed 29 times on the closing day of the subscription on Friday. The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) category was subscribed 42.95 times, non-institutional investors 51.88 times, and those for Retail Individual Investors(RIIs) 11.30 times. The initial public offer (IPO) comprised a fresh issue of Rs 100 crore and an offer for sale of Rs 700 crore. The offer was in a price range of Rs 290-296 per share. On Tuesday, India Pesticides raised Rs 240 crore from anchor investors. Proceeds from the fresh issue would be used towards funding the working capital requirements and general corporate purposes. India Pesticides is an R&D-focused agrochemical technical company, which has growing formulations business in herbicides, insecticides, and fungicide segments. It also manufactures active pharmaceutical ...

Toyota-backed self-driving startup Pony.ai considers going public

The startup, active in the United States and China, plans to install its technology in hundreds of vehicles next year, rising to tens of thousands in 2024-2025

Markets regulator Sebi plans to come out with framework for SPACs

The regulator is expected to put in place guidelines in this regard next week

IPO-bound Veeda Clinical Research raises $16 mln in round led by Sabre PE

The round also saw participation from high net individuals like Pranab Mody of JB Chemicals, Havells India family office, Nikhil Vora of Sixth Sense Ventures, and Arjun Bhartia of Jubilant

India Pesticides' Rs 800-cr initial public offering to open on Jun 23

Agrochemical company India Pesticides on Friday said it has fixed a price band of Rs 290-296 a share for its Rs 800-crore initial share sale. The three-day initial public offer (IPO) will open on June 23 and conclude on June 25. The bidding for anchor investors will open on June 22, according to the company. The Rs 800-crore IPO comprises fresh issuance of equity shares amounting to Rs 100 crore and an offer of sale for equity shares aggregating up to Rs 281.4 crore by promoter Anand Swarup Agarwal and up to Rs 418.6 crore by other selling shareholders. The Uttar Pradesh-based company may decide to undertake a pre-IPO placement of Rs 75 crore subject to consultation of the merchant bankers. Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes. India Pesticides is an R&D focused agrochemical technical company, which has growing formulations business in herbicides, insecticides and fungicide segments. It also ...

Dodla Dairy IPO subscribed 1.40 times on first day of subscription

Dodla Dairy, a leading dairy company in southern India, on Tuesday said it has raised a little over Rs 156 crore from anchor investors.

Navoday Enterprises' initial public offering to open on 14 June

The company will make a fresh issue of equity shares.

Dodla Dairy's IPO to open on Jun 16; price band set at Rs 421-428/share

Dodla Dairy is a leading dairy company in south India

Shyam Metalics' Rs 1,107-cr initial public offering to open on Jun 14

The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday. The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on June 11, they said. The IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer-for-sale to the tune of Rs 450 crore by existing shareholders, according to the draft red herring prospectus. Those participating in the OFS are Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles. Going by the draft papers, the company intends to utilise the net proceeds from the fresh issue for repayment or prepayment of Rs 470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd; and for other general corporate purposes. Shyam Metalics and Energy, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its

Paytm shares soar over 80% in grey market on hopes of a killing in IPO

The Ant Group-backed firm has got in-principle nod from its board to raise Rs 22,000 cr; IPO is expected to hit the market before end of calendar year

Glenmark arm, Emcure, 3 other pharma cos line up Rs 7,000-cr IPOs

The healthcare sector is in the limelight for the second consecutive year

Investors can expect upside in long term from Rs 3,600-cr GoAir IPO

Fresh funds will reduce pressure on balance sheet but a lot will depend on the company's ability to return to growth

GoAir banks on low-cost structure, promoter backing for successful IPO

The company has filed DRHP to raise Rs 3,600 crore

Fincare Small Finance Bank files Rs 1,330-cr IPO papers with Sebi

Digital lender Fincare Small Finance Bank has filed preliminary papers with capital market regulator Sebi to raise Rs 1,330 crore through an initial share-sale.

Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday

The price band for the IPO is 99-100 per unit of Rs 100 each

Grab's Nasdaq debut to test its $40 bn valuation, set roadmap for SPACs

The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia.

Tamilnad Mercantile Bank plans IPO of up to Rs 1,200 crore this fiscal

The Tamilnad Mercantile Bank will turn 100 this year

The Contrarian Mr Khattar

Heads of car companies are known by the models they launch. Khattar launched several. Most notably, the Swift and Dzire, remade Maruti into their own image as modern, peppy, and cheery little cars

Arohan Financial Services, Dodla Dairy get Sebi's go ahead for IPO

Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi's go-ahead to float initial share-sales. The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday. Sebi's observation is very necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO), and rights issue. Arohan Financial Services plans to raise between Rs 1,750 crore and Rs 1,800 crore, as per market sources. The public offer of the Aavishkaar Group promoted company comprises a fundraise through a fresh issuance of shares amounting to Rs 850 crore, according to Draft Red Herring Prospectus (DRHP). In addition, the company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private ...