Ipo Filing

IPO filings halve in FY23 as outlook for new share sales worsens

Industry players said the IPO market has taken a turn for the worse after a blockbuster FY22 amid fall in valuations

IPO-bound OYO to refile DRHP with updates to Sebi by mid-February

Market regulator asked hospitality company to submit application again, give information on risk factors and litigation

IPO pipeline in India seen active in 2023 on smaller deals, shows data

Only 2 companies raised more than $500 mn via public offers in 2022

TVS Supply Chain files addendum to DRHP as it turns profitable in H1

TVS Supply Chain Solutions, seeking to raise around Rs 4,000 crore through a share sale, on Friday submitted an addendum to the DRHP that was filed with the markets regulator Sebi in February. TVS Supply Chain, present in over 25 countries and serving over 60 Fortune 500 companies, is among the largest player in terms of revenue. In the first six months of the current fiscal, its revenue jumped 27.8 per cent to Rs 5,419 crore from which it earned a net profit of Rs 38.05 crore against a loss of Rs 57.8 crore in the year-ago period, according to the addendum filed with the Sebi. Its operating profit continued to show a strong trajectory, generating Rs 332 crore in H1FY23 and Rs 613 crore in FY22. Revenue for FY22 was Rs 9,250 crore, which jumped 33.4 per cent from Rs 6,934 crore in FY21 and recorded losses to the tune of Rs 44.9 crore and Rs 73.9 crore, respectively. It further said revenue from domestic operations grew 52.3 per cent to Rs 1,627 crore, while global revenue jumped 1

Adani to raise $2.45 billion in India's biggest follow-on share sale

The share offering would increase the company's public float from the current 27.4% level. Rival Reliance Industries' public float stands at around 49%

Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

FirstMeridian Business Services gets Sebi's nod to float Rs 800-cr IPO

Staffing firm FirstMeridian Business Services Ltd has received capital markets regulator Sebi's go ahead to raise up to Rs 800 crore through an initial public offering (IPO). The IPO will include a fresh issue of equity shares worth up to Rs 50 crore and an Offer for Sale (OFS) worth up to Rs 750 crore by promoters and existing shareholders, according to the draft red herring prospectus (DRHP). As a part of the OFS, promoter Manpower Solutions Limited will sell shares worth Rs 665 crore while existing shareholders New Lane Trading LLP and Seedthree Trading LLP would sell shares worth Rs 45 crore and Rs 40 crore, respectively. The company, which filed preliminary IPO papers with Sebi in May, obtained its observation letter on October 18, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, obtaining an observation letter means its go ahead to float the IPO. The company, which counts Adani Ports and Special Economic Zone, Dell ...

Happiest Minds board approves raising of Rs 1,400 cr through equity debt

IT company Happiest Minds Technologies board on Wednesday approved raising of up to Rs 1,400 crore through equity or debt bonds, the company said in a regulatory filing. "We wish to inform you that the board at its meeting held today i.e. October 5, 2022 has inter alia considered and approved the matter related to raising funds," the filing said. The company board has approved "raising of up to Rs 1,400 crore inclusive of premium amount, if any" by way of issuance of any instrument or securities, including equity shares, global depository receipts, American depository receipts, fully/partly convertible debentures, foreign currency convertible bonds, warrants, or any combination thereof. The company has permission to even opt for a public issue, preferential allotment, private placement etc for fund raise, according to the filing. Happiest Minds had reported about 57 per cent increase in consolidated net profit at Rs 53.34 crore in the first quarter ended June 30, 2022. The company

IKIO Lighting files papers with Sebi to mop-up funds through IPO

Manufacturer of LED lighting solutions IKIO Lighting Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by promoters -- Hardeep Singh and Surmeet Kaur, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issuance worth Rs 50 crores will be used for debt payment, Rs 236.68 crore will be used in the company's wholly-owned subsidiary, IKIO Solutions, to set-up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a manufacturer of light emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures and supplies products to customers who then further distribute these products under their own brands. It has four manufacturing facilities with one loca

Enviro Infra Engineers, Udayshivakumar Infra file IPO papers with Sebi

Two companies -- Enviro Infra Engineers Ltd and Udayshivakumar Infra Ltd -- have filed preliminary papers with capital markets regulator Sebi to raise funds through Initial Public Offerings (IPOs). With these, the total number of companies filing draft IPO papers with the Securities and Exchange Board of India (Sebi) reached 8 in this month. The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Funds raised through the issue will be used to meet the working capital requirements and general corporate purpose. Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of Water and Wastewater Treatment Plants and Water Supply Scheme Projects for government authorities/bodies. Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore. Proceeds of the issue will be used to fund .

WAPCOS Ltd, under Jal Shakti Ministry, files DRHP with Sebi for IPO

The public issue with a face value of Rs 10 per equity share is a complete offer-for-sale (OFS) of up to 32,500,000 equity shares

Regulatory changes on Sebi plate: Here's a list of key discussion papers

Continuing with its consultative approach, the markets regulator, over the past one year has floated a number of discussion papers in areas such as IPO pricing, retail algo, and pricing of share sales

Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO

The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra

Blue Jet Healthcare files draft papers with Sebi for Rs 2,100-cr IPO

Mumbai-based Blue Jet Healthcare, is a specialty pharmaceutical and healthcare ingredient and intermediate company

Fintech platform BharatPe appoints Nalin Negi as new CFO amid IPO plans

Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO).

How to apply for an IPO and check allotment?

Companies go to the primary markets to raise money through IPO. Some of the IPOs are well-received while others are not. So, how do we apply for an IPO? Our next report tells.

Pharma company Innova Captab files draft papers with Sebi for IPO funding

Pharmaceutical company Innova Captab Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, Manoj Kumar Lohariwala, Vinay Kumar Lohariwala and Gian Parkash Aggarwal will sell 32 lakh shares each. At present, promoters -- Manoj and Vinay -- hold 39.66 per cent and 30.08 per cent stake, respectively, in the company, while Gian owns a 30.23 per cent holding in the pharma firm. Besides, the company may consider pre-IPO placement of equity shares aggregating up to Rs 80 crore. If such a placement is undertaken, the size of the fresh issue will be reduced. Of the Rs 400 crore proposed to be raised through fresh issuance of equity shares, Rs 180.5 crore will be used for payment of

15-yr record in IPO filing with Sebi belies market volatility, shows data

This high number of DRHP filing - or intent shown by companies to go public - paints a bullish picture.

Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors

Aether Industries is a speciality chemicals manufacturer focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and tech core competencies

eMudhra collects Rs 124 crore from anchor investors ahead of its IPO

Digital signature certificate provider eMudhra Ltd on Thursday said it has raised Rs 124 crore from anchor investors ahead of its initial public offering which opens for subscription on Friday. The company has allocated 48,37,336 equity shares to anchor investors at Rs 256 per share, aggregating the transaction size to Rs 123.83 crore, according to a circular uploaded on BSE website. Aditya Birla Sun Life Mutual Fund (MF), Motilal Oswal MF, Nippon India MF, SBI MF, Baring Private Equity India, Hornbill Orchid India Fund, Pinebridge India Equity Fund and Abakkus Growth Fund are among the investors that participated in the anchor book. The company has cut the size of the fresh issue from Rs 200 crore to Rs 161 crore. Besides, there will be an Offer-For-Sale (OFS) of 98.35 lakh shares by promoters and existing shareholders. As a part of the OFS, promoters -- Venkatraman Srinivasan and Taarav Pte Ltd -- will offload 32.89 lakh equity and 45.16 lakh equity shares respectively. In addit