Page 8 - Initial Public Offerings Ipos

IPOs slow down globally in third quarter after frenetic 2021 start

IPOs in the third quarter raised a total of about $94.6 billion, down 26.3% from the second quarter

Softbank-backed Oyo in legal spat with rival Zostel ahead of $1.2-bn IPO

Zostel filed a petition in August with the Delhi High Court to stop Oyo from changing its shareholder structure, including through an IPO

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year.

DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO

The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation on the bourses in the January-March quarter of 2022

Paras Defence IPO receives 304 times subscription so far on closing day

Mirroring massive investor interest, the initial public offer of Paras Defence and Space Technologies received a whopping 304.05 times subscription so far on the closing day on Thursday.

Electronics Mart files paperwork for Rs 500 crore initial public offering

Consumer durables retail chain Electronics Mart India Ltd has filed preliminary papers with Sebi to raise Rs 500 crore through an initial share-sale.

Freshworks valued at $10.13 bn after raising $1.03 bn in US IPO: Report

Freshworks priced 28.5 million shares at $36 per share, the source said, requesting anonymity as the talks are confidential

Chemspec Chemicals, Northern Arc Capital get Sebi's nod to float IPO

Chemspec Chemicals and Northern Arc Capital have received capital markets regulator Sebi's approval to raise funds through initial share sales. The two companies had filed their preliminary IPO papers with the Securities and Exchange Board of India (Sebi) in July. Chemspec Chemicals and Northern Arc Capital obtained the regulator's observations on August 30 and September 3, respectively, an update with Sebi showed on Monday. In Sebi parlance, the issuance of observations implies its go-ahead for the initial public offering (IPO). The Rs 700-crore IPO of Chemspec Chemicals is entirely an offer for sale by promoters, according to the draft red herring prospectus (DRHP). BACS LLP will offer shares worth Rs 233.40 crore in the offer for sale, while Mitul Vora and Rushabh Vora will each offer shares to the tune of Rs 233.30 crore Chemspec Chemicals is one of the leading manufacturers of critical additives for FMCG ingredients used in skin and hair care products and intermediates for .

Top headlines: Maruti to recall 180k vehicles; Snapdeal weighs $400-mn IPO

Business Standard brings you the top stories this evening

Snapdeal weighs $400 mn IPO, joining other Indian startups in listing spree

The company, which counts SoftBank Group Corp. among its investors, is speaking with advisers about a potential listing in Mumbai that could value it at as much as $2.5 billion

Govt invites bids for second time from law firms for LIC IPO

On July 15, the government had floated request for proposal inviting bids from reputed legal advisors and the last date for bidding was August 6. However, the RFP did not receive sufficient response.

In no hurry to launch IPO, will go public when it makes sense: PhonePe CEO

PhonePe is in no hurry to launch its IPO and will go public "when it makes sense" for the company, even as a number of Indian internet companies line up to mark their debut on Dalal Street

Saas startups firming up plans for IPOs to raise capital from market

Software-as-a-service (SaaS) companies seem to be coming off age, with several of them firming up initial public offering (IPO) plans to raise capital from the market.

Specialty chemicals maker Ami Organics IPO fully subscribed on Day 1

The initial public offer of specialty chemicals maker Ami Organics was fully subscribed within the first few hours on the opening day on Wednesday.

Shri Bajrang Power and Ispat gets Sebi's go-ahead to float Rs 700-cr IPO

Leading integrated steel company Shri Bajrang Power and Ispat Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial share sale. The initial public offer (IPO) consists of the issue of equity shares aggregating up to Rs 700 crore, according to the draft red herring prospectus (DRHP). Shri Bajrang Power and Ispat Ltd (SBPIL), which filed its draft papers with Sebi in July, obtained its observations on August 26, an update with the regulator showed on Monday. In Sebi parlance, the issuance of observations implies its go-ahead for the IPO. Going by the draft papers, proceeds from the issue would be utilised towards repayment or prepayment, of certain borrowings of the company, funding incremental working capital requirements, and for general corporate purposes. SBPIL is one of the leading integrated steel companies based out of central India and a key player in the country in terms of capacity for iron ore pellets, iron ore beneficiation,

Ola picks banks for $1 billion IPO, may file papers in Oct: Report

The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, people familiar with the matter said

Budget carrier Go Airlines gets Sebi's go-ahead for Rs 3,600 crore IPO

Budget carrier Go Airlines, which has rebranded itself as 'Go First', has received market regulator Sebi's go-ahead for an initial public offer worth Rs 3,600 crore.

IPO frenzy continues; 2 public issues on September 1 to garner Rs 2,465 cr

The IPO rush will continue in September with two more companies Vijaya Diagnostic Centre and Ami Organics launching their initial share-sales on Wednesday to raise a total of Rs 2,465 crore. This comes after eight companies including Devyani International, Nuvoco Vistas Corporation and CarTrade Tech floated their initial share-sales last month to mobilise Rs 18,243 crore. So far in the current fiscal, a total of 20 companies have mopped up more than Rs 45,000 crore through IPOs. This is much higher than Rs 31,277 crore raised by 30 firms in the entire 2020-21. Going forward, market analysts expect the IPO environment to remain buzzing during the entire financial year 2021-22. The initial public offer (IPO) of healthcare chain Vijaya Diagnostic Centre and specilalty chemicals maker Ami Organics will open for subscription on September 1 and conclude on September 3. Vijaya Diagnostic's IPO is entirely an offer for sale of 35,688,064 equity shares by the promoter, S Surendranath Reddy

MapMyIndia, Indian firm that powers Apple Maps and Alexa, heads for IPO

The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million

From India to Korea, IPO markets are booming as China deals slow

Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak