Page 9 - Initial Public Offerings Ipos

SoftBank-backed logistics firm Delhivery plans $1 bn IPO filing in October

The company, backed by SoftBank Vision Fund and Carlyle Group Inc., is targeting a Mumbai listing before March next year, said the people with knowledge of the matter

Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO

The new brewery in Madhya Pradesh -- Bira's second in the central Indian state -- will initially add 400,000 hectoliters a year, Ankur Jain, the 41-year-old chief executive officer said

166 current and former employees of Paytm convert ESOPs to shares

IPO-bound Paytm has one of the largest ESOP pools in the startup ecosystem, and has given out ESOPs as rewards and benefits to employees, who have contributed to the growth of the company

Top headlines: Govt offers 17 firms tax deal; campuses step up job offers

Business Standard brings you the top headlines of the day

Sebi keeps Adani Wilmar's Rs 4,500-crore issue in abeyance

The company had filed preliminary papers with Sebi on August 3, to raise funds through an initial public offering (IPO)

IPO bandwagon getting bigger and bigger; Aug sees 23 filings so far

The raging IPO frenzy has set a record of sorts this month with the first 20 days of August witnessing as many as 23 filings seeking regulatory permission

CarTrade Tech makes tepid market debut; tumbles nearly 8% at close of trade

Shares of CarTrade Tech had a muted market debut on Friday, closing with a discount of nearly 8 per cent against its issue price of Rs 1,618.

AGS Transact Tech files draft papers with Sebi to raise Rs 800-cr via IPO

Payment solutions provider AGS Transact Technologies has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 800 crore through an initial share-sale

An $8.8 bn IPO wave sweeps across India as investors bet on startups

The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July

Bain Capital-backed Emcure Pharmaceuticals files IPO papers with Sebi

Bain Capital-backed Emcure Pharmaceuticals has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.

Top headlines: Damani enters billionaires' club, India's IPO run continues

Business Standard brings the top headlines of the day

Sterlite Power files draft papers with Sebi to raise Rs 1,250-cr via IPO

Billionaire Anil Agarwal-led Sterlite Power Transmission has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,250 crore through an initial share-sale. The initial public offer (IPO) will see sale of equity shares aggregating up to Rs 1,250 crore by the company, according to draft red herring prospectus (DRHP). The offer will include a reservation of shares for employees of the company. Proceeds of the IPO will be used for payment of certain borrowings availed by the company and Khargone Transmission Limited (KTL). The company may consider a pre-IPO placement aggregating up to Rs 220 crore. If such placement is completed, the issue size will be reduced. Sterlite Power is promoted by Agarwal and Twin Star Overseas. The electricity transmission infrastructure firm, part of Vedanta group, has two business lines -- global Infrastructure and solutions. The global infrastructure business line bids for, designs, constructs, owns and operates power transmission

Sebi cuts lock-in period for promoters to 18 months post-IPO

Markets regulator Sebi has reduced the minimum lock-in period for promoters' investment post an initial public offering (IPO) to 18 months from three years, under certain conditions. The move comes at a time when many companies are looking to list on the stock exchanges. In addition, the Securities and Exchange Board of India (Sebi) has streamlined disclosures requirements of group companies. In a notification, Sebi said that if the object of the issue involves offer-for-sale or financing other than for capital expenditure for a project, then the minimum promoters' contribution of 20 per cent would be locked-in for 18 months from the date of allotment in the IPO. Currently, the lock-in period is three years. Capital expenditure includes civil work, miscellaneous fixed assets, purchase of land, building and plant and machinery, among others. Further, the lock-in period for the promoter shareholding in excess of the minimum 20 per cent has also been reduced from the existing one ye

Newly listed Indian stocks beat benchmark, helped by crowded IPO market

A gauge of firms that listed in the past two years has outperformed the Nifty 50 Index by more than 40 percentage points this year, the biggest gap since 2014

India's largest online pharmacy PharmEasy mulls $1 billion IPO: Report

The company, backed by TPG and Temasek Holdings Pte, is working with advisers on a potential offering

Top headlines: Sebi scans Ant group, Novavax vaccine may come to India

Business Standard brings you the top headlines of the day

Food and beverage major Keventer Agro files IPO papers with Sebi

Food and beverage major Keventer Agro has filed draft papers with capital markets regulator Sebi to raise funds through an initial share-sale.

Auto component maker Sansera Engineering gets Sebi's go ahead to launch IPO

Auto component maker Sansera Engineering Ltd has received capital markets regulator Sebi's go-ahead to float an initial share sale

Why it is not so easy for a retail investor to make money in an IPO

Allotment could be low, and expected listing-day gains can quickly morph into losses if sentiment takes a turn for the worse

Aditya Birla Sun Life AMC receives Sebi's final approval for IPO

Sources say that the IPO size could be around Rs 2,000 crore