Page 3 - Initial Public Offerings Ipos

'LIC IPO expected to hit market by Q4FY22,' says DIPAM Secretary

The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs, which are up for privatisation, along with transfer of management control. After 19 years, we will see 5-6 privatisation this year. BPCL is in the due diligence stage. BEML, Shipping Corp, Pawan Hans, Central Electronics, NINL financial bids can take place in December-January so that we can close it by this year itself, Pandey said. Speaking at the CII Global Economic Policy Summit 2021, the secretary said the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of this fiscal. On LIC IPO, we are working very hard. For the capital market, it will be a very big event in the first quarter of 2022, Pandey ...

True North, Sequoia-backed Cloudnine files draft papers with Sebi for IPO

Kids Clinic India Ltd, which operates super-specialty mother and babycare chain Cloudnine, has filed preliminary prospectus with Sebi to raise Rs 1,200 crore through an initial share-sale

Agrochemicals firm Dharmaj Crop Guard files IPO papers

The offer also includes a reservation for subscription by eligible employees

LG Energy Solution jumps in debut to become S Korea's second-most valuable

LGES shares opened at 597,000 won versus an IPO price of 300,000 won. But the shares fell as much as 25% in early trading

Successful IPOs bolster investor confidence for exit: Darius Pandole

Infrastructure has investment opportunities estimated worth more than Rs 50 trillion, says industry leader

Adani Wilmar fixes IPO price band at Rs 218-230 per share

The public issue of Adani Wilmar comprises fresh issue of equity shares and there will not be any secondary offering

South Korea's IPO boom leaves investment banks short changed

Hong Kong IPOs generally pay fees of 2%, in line with the New York Stock Exchange, while Nasdaq listings net bankers an average of 3.4%,

IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 years

It is the second largest ATM brand in the semi-urban and rural areas after State Bank of India (SBI)

AGS Transact Technologies prices IPO at Rs 166-175 per share

The IPO will open on January 19 and conclude on January 21

Braithwaite & Co aims at Rs 2,500 crore revenue, IPO by FY26

State-run Braithwaite & Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said. The PSU company under the administrative control of the Ministry of Railways is expecting to touch Rs 700 crore topline in the current fiscal. We have already achieved Rs 488 crore revenue till the third quarter (October-December) of the current financial year and are on track to post Rs 700 crore turnover by March. We are confident to have a topline of Rs 2,500 crore by FY26, Braithwaite & Co Ltd chairman and managing director Yatish Kumar said. The company now has an order book of Rs 1,700 crore. "We will go for listing to raise money via IPO after achieving a revenue of Rs 2,500 crore and a healthy profit for better ...

Dozen IPOs likely to raise Rs 16,000 crore in March quarter

Emcure Pharmaceuticals, ESDS Software Solutions, AGS Transact Technologies, Waaree Energies, Hexagon Nutrition, and Ixigo are among the companies that could launch their issues this quarter

Top headlines: Omicron brings curbs back, MF industry assets surge 30%

India questions China's developing country status on per capita basis. Read more about that in today's top headlines

Tighter norms likely to rein in wild HNI bets in IPOs, say experts

Earmarking a third of the NII portion for small-ticket investors can help democratise allotments, say experts

Record wave of emerging-market IPOs meets investors wary of risk

While the price of most newly issued stocks has risen since their IPOs, the benchmark gauge of developing-economy stocks just wrapped up its worst year since 2018

Five things to look for in Asia stocks amid 2022 reversal hopes

The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage points last year

IPO flows to strengthen rupee in 2022; tighter policy likely dampener

IPO bound foreign inflows as well as buoyant stock markets are likely to strengthen the Indian rupee in 2022.

IPO fireworks in New Year too; firms likely to garner Rs 1.5 trillion

All said, the possible impact of the coronavirus pandemic, especially with the emergence of Omicron, might still be a cause for concern

Indian bankers collect bumper fees from record $18 billion in IPOs

A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg

Hexagon Nutrition files IPO papers with Sebi to raise up to Rs 600 cr

Mumbai-based Hexagon Nutrition is a fully integrated company engaged in product development and marketing, including research and development and nutrition manufacturing

CMS Info Systems IPO subscribed 1.95 times on last day of offer

The price range of the IPO was at Rs 205-216 per share