Initial Public Offerings

Indian IPO pipeline strong, other markets 'pretty dead': Link group execs

Number of IPOs happening in India probably equal to aggregate everywhere else combined, says Australia-headquartered firm

IPO of Avalon Technologies subscribed 2.21 times on final day of offer

The offer comprised new shares worth Rs 320 crore and an offer for sale component of Rs 545 crore

IPO of Avalon Technologies subscribed 3% on first day of issue

The retail investor portion of the issue was subscribed 16 per cent

Fourth quarter of 2022-23 sees lowest IPO fundraising in 9 yrs: Report

Thirty-seven Indian corporates raised Rs 52,116 crore through main board IPOs in financial year 2022-23, less than half of the Rs 1.11 lakh (all-time high) mobilised by 53 IPOs in 2021-22

Avalon Technologies IPO opens next week: Check GMP, other details here

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

Udayshivakumar Infra IPO opens today: Check GMP, other key details here

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

OYO launches accelerator programme for first-generation hoteliers

It will provide technology, relationship managers, financial support, and access to OYO's network

Credit Suisse sees First Boston IPO by 2025 amid investor search

Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares

Global Surfaces IPO opens today: GMP, subscription status, all details here

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Divgi TorqTransfer Systems IPO Subscribed 38% on second day of offer

At the upper end of the price band, the issue could raise to Rs 412 crore

Sebi asks PayMate India to refile IPO papers with certain updates

Sebi has asked B2B payments and services provider PayMate India to refile the documents for the initial public offering with certain updates. PayMate India had filed the Draft Red Herring Prospectus (DRHP) for a Rs 1,500 crore-IPO with the Securities and Exchange Board of India (Sebi) in May 2022. The proposed Initial Public Offering (IPO) comprises fresh issue of equity shares worth Rs 1,125 crore and an Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according to the draft papers. The company's promoters -- Ajay Adiseshan and Vishvanathan Subramanian and investors -- as well as Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings are to sell shares through the OFS. Besides, certain existing shareholders are offering to offload shares through this route. Currently, promoter and promoter group hold 66.70 per cent stake in the company and the rest is with public shareholders. According to an update on Sebi's websi

Avalon Technologies, Udayshivakumar Infra get Sebi's approval to float IPO

Electronic manufacturing services provider Avalon Technologies and construction firm Udayshivakumar Infra have received capital markets regulator Sebi's go ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their respective preliminary IPO papers with the markets regulator during August and September 2022, obtained observation letters from it on January 16, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. In Sebi's parlance, its observation implies its go ahead to launch the initial share-sale. Going by the draft papers, the IPO of Avalon Technologies comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders. The company may consider raising Rs 80 crore through a pre-IPO placement, and if such a placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the fresh issue would be u

IT solutions firm Rashi Peripherals files Rs 750-cr IPO papers with Sebi

The company may consider a private placement of equity shares for up to Rs 150 crore. If such placement is completed, the fresh issue size will be reduced

Sah Polymers IPO subscribed 17.46 times on last day of offer: NSE data

The initial public offer of Sah Polymers was subscribed 17.46 times on the last day of subscription on Wednesday. The initial share-sale received bids for 9,79,44,810 shares against 56,10,000 shares on offer, as per data available with the NSE. The Retail Individual Investors (RIIs) part was subscribed 39.78 times, the category for non-institutional investors received 32.69 times subscription and Qualified Institutional Buyers (QIBs) 2.40 times. The Initial Public Offer (IPO) had a fresh issue of 1.02 crore equity shares. Price range for the offer was at Rs 61-65 a share. Pantomath Capital Advisors was the manager to the offer. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. The equity shares are proposed to be listed on the BSE and NSE.

Radiant Cash Mangement's shares end debut session at an 11.4 % premium

The company plans to use the proceeds of the fresh issue to fund its working capital requirements and capital expenditure requirements for the purchase of specially fabricated armoured vans

Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO

Rishabh Instruments, a global energy efficiency solution company, has filed preliminary papers with markets regulator Sebi to mop-up funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to up to Rs 75 crore and an offer for sale (OFS) for up to 94.17 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP). Under the OFS, Asha Narendra Goliya will offload 25 lakh equity shares, Narendra Rishabh Goliya (HUF) will sell 5.17 lakh shares, Rishabh Narendra Goliya will dispose of 4 lakh shares and SACEF Holdings II will sell 60 lakh equity shares in the company. Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility i

Sah Polymers IPO subscribed 2.37 times on Day 2 of offer: NSE data

The Initial Public Offer (IPO) of Sah Polymers was subscribed 2.37 times on the second day of subscription on Monday. The IPO received bids for 1,33,06,420 shares against 56,10,000 shares on offer, according to NSE data. The category meant for Retail Individual Investors (RIIs) was subscribed 7.46 times, while the portion for non-institutional investors received 2.94 times subscription and Qualified Institutional Buyers (QIBs) 39 per cent. The initial public offer has a fresh issue of 1.02 crore equity shares. Price range for the offer is at Rs 61-65 a share. Pantomath Capital Advisors is the manager to the offer. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. The equity shares are proposed to be listed on the BSE and NSE.

IPO fundraising halves to Rs 59,412 cr in 2022 despite LIC's mega offer

If one were to remove the state-owned insurer's Rs 21,008 crore offer, the figure would come to a third of the amount raised in 2021

Sah Polymers IPO subscribed 86% on first day, RII subscribed 2.07 times

The initial public offer of Sah Polymers was subscribed 86 per cent on the first day of subscription on Friday. The initial share-sale received bids for 48,04,470 shares against 56,10,000 shares on offer, according to data available with the NSE. The category meant for Retail Individual Investors (RIIs) received subscription for 2.07 times, non-institutional investors was subscribed fully and Qualified Institutional Buyers (QIBs) 38 per cent. The IPO has a fresh issue of 1.02 crore equity shares. The price range for the offer is Rs 61-65 a share. Pantomath Capital Advisors is the manager to the offer. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. The equity shares are proposed to be listed on the BSE and NSE.

Mamaearth parent files papers for IPO, co-founders to dilute stake

Honasa Consumer was valued at $1.2 bn in January, making it the first unicorn of 2022