Page 14 - Initial Public Offerings Ipos

Shares of wellness product seller Nureca soar 61% on debut, end at Rs 645

Issue price was Rs 400 per share. Nureca's Rs 100-crore IPO was oversubscribed 40x

SoftBank-backed Berkshire Grey to go public via $2.7 bn SPAC deal

The deal is expected to provide Berkshire Grey about $413 million in cash, as the maker of logistics automation systems looks to take advantage of a surge in online shopping amid the COVID-19 pandemic

Vodafone's towers arm plans biggest European IPO of 2021 so far

Duesseldorf, Germany-headquartered Vantage operates 82,000 towers across 10 countries, where it is usually the leading or second largest supplier. Germany is its largest market

China's Tuhu plans US IPO this year after $400 million fundraising

Investment banks have been pitching to the company in recent weeks for the potential IPO, said five people

Zomato's valuation crosses $5.4 billion, after raising $250 million

Ahead of its expected IPO, investors such as Kora, Tiger Global and Fidelity have made fresh investments in the Deepinder Goyal-led foodtech company

Alphabet-backed Oscar Health eyes as much as $6.7 bn IPO valuation

The offering is expected to be priced between $32 and $34 per share, valuing the company at $6.7 billion at the upper end of the pricing range

Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two

Interestingly, the bulk of the demand came from retail investors for Nureca

Michael Klein-backed SPACs raise $1.68 billion in initial public offerings

Churchill Capital Corp VI raised $480 million after upsizing their offer from $400 million, while Churchill Capital Corp VII garnered $1.2 billion, raising from $1 billion

Ujjivan, Equitas small finance banks turn tricky bet amid mounting NPA woes

Equitas and Ujjivan posted proforma NPA of 4.16 per cent and 4.8 per cent respectively in Q3, highest ever in many years

Explained: Why Tamilnad Mercantile Bank management is banking on an IPO

The management of this small, conservative bank views a public issue as a means of ending a long shareholder feud and unlocking value for its next phase of growth

Street signs: Staffing stocks find favour, MRP Agro IPO, and more

The IPO of MRP Agro set to be launched this week will the first by an SME since November

Stove Kraft shares gain 16% on debut after touching high of Rs 496

Close at Rs 456; stock currently trades at about 25x its estimated earnings for FY21-similar to Butterfly Gandhimati but almost half that of TTK Prestige

Brookfield India Real Estate Trust IPO subscribed 77% on Day 2 of bidding

It received bids for 5,88,18,600 units against the 7,62,78,200 on offer, according to an update on the NSE

Branson-backed SPAC to take DNA-testing firm 23andMe public in $3.5 bn deal

A SPAC, or a blank-check firm, is a shell company that raises funds in an initial public offering (IPO) with the aim of acquiring a private company, which then becomes public as result of the merger

Start-ups and IPOs: Here are the lessons from the last three decades

Its the season of startups planning to go public, but how IPOs have fared at the stock markets in the last three decades?

Best of BS Opinion: Time for statesmanship, Make in America, and more

Here's a selection of Business Standard opinion pieces for the day

WeWork in talks to go public through a merger with SPAC, says report

A source directly familiar with the matter said that WeWork had held talks with at least three blank-check firms over the past two months, cautioning that current talks could fall apart.

Home First Finance IPO subscribed 27 times on last day of bidding

The offer of the mortgage financier, which got fully subscribed on the first day itself on January 21, received bids for 41,42,65,488 shares against 1,56,20,948 shares on offer

Indigo Paints IPO: Attractive pricing fetches over 117 times bids

The qualified institutional buyer (QIB) portion of the issue was subscribed 190x, while the high networth individual or HNI segment was subscribed 263x

With talk of an IPO in the air, Falguni Nayar shares her Nykaa journey

Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into