Page 11 - Ipos

Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO

Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans. The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this country, Inox Wind Chief Executive Officer (CEO) Kailash Lal Tarachandani told PTI. Speaking to reporters during a visit to its plant in Rajmol, Gujarat, Tarachandani said the company is planning to launch its IPO "in the next 30 to 45 days". This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi. However, the draft offer documents for the IPO were withdrawn in late April without disclosing any reason. According to the latest DRHP filed on June 17, the Rs 740-crore IPO will comprise of fresh issuance of equity shares worth Rs 370 crore

Harsha Engineers most subscribed IPO this calendar year with 75x mop up

Enthused by the 40% grey market premium, investors have placed bids worth more than Rs 40,000 crore on the offer

Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550

CLOSING BELL: PSU banks, auto, IT, metal, and realty stocks plunged the most on the bourses. Their respective indices on the National Stock Exchange declined between 2 and 4 per cent

Sensex down 413pts, Nifty holds 17,850; Ceat soars 20%, MRF 7%; IT stks dip

CLOSING BELL: IT, pharma, and select metal stocks reeled under pressure today with Hindalco, Infosys, Cipla, Tech M, Tata Steel, Divis Labs, and Apollo Hospitals leading the list of Nifty losers

Should you subscribe to Harsha Engineers IPO? Here's what analysts say

Harsha Engineers IPO: Its exports make up nearly two-thirds of its revenue, and it supplies its products to customers in over 25 countries across North America, Europe, Asia, South America, and Africa

Top Headlines: Smaller i-banks join IPO party, Sony-Zee merger, and more

Bulge-bracket investment banks (i-banks) are getting picky about initial public offerings (IPOs) amid a growing list of companies aspiring to go public

Smaller i-banks join big-fat IPO party; large players get picky

Many are beefing up their investment banking teams and pitching for deals which otherwise would have gone to larger banks

IPOs give average 50% returns in 2022 despite fall in number: Analysis

Despite the fall in share sales through initial public offers so far this year, these issues have given a good 50 per cent average returns, while the Sensex gained only 1.6 per cent, shows an analysis. So far in 2022, 51 IPOs have raised Rs 38,155 crore, down from Rs 64,768 crore through 55 issues in the same period last year. There were only eight big-ticket issues -- with the over Rs 20,500-crore LIC being the biggest but one of the worst performers -- in 2022 compared to the last year, where 33 companies raised more than Rs 1,000 crore each, according to an analysis by Bank of Baroda house economist Dipanwita Mazumdar. Till September 2021, the IPOs gave a return of 74 per cent, whereas Sensex had risen by 20 per cent but 16 of those big-ticket IPOs with issue size of above Rs 1,000 crore are operating at a discount. In all of 2021, companies raised Rs 1,21,680 crore from the market and the boom can be attributed to the Sensex rally as the index jumped from 40,000 points to 60,0

It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr

In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months

Dreamfolks Services' shares jump nearly 42% in stock market debut

The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month

DreamFolks Services' shares surge nearly 42% in stock market debut

Shares of airport service aggregator DreamFolks Services ended nearly 42 per cent higher in its debut trade on Tuesday against the issue price of Rs 326. The stock was listed at Rs 505, registering a jump of 54.90 per cent from the issue price on the BSE. During the day, it rallied 68.71 per cent to Rs 550. Shares of the company ended at Rs 462.65 apiece, higher by 41.91 per cent. On the NSE, the company made its debut at Rs 508.70, a jump of 56 per cent and settled at Rs 462.85 apiece, rallying 41.97 per cent. In volume terms, 16.52 lakh shares of the company were traded on the BSE and over 2.68 crore shares on the NSE during the day. The company commanded a market valuation of Rs 2,417.35 crore. The Initial Public Offer (IPO) of DreamFolks Services was subscribed 56.68 times last month. The IPO was entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares and was priced in the range of Rs 308-326 a share. The company facilitates consumers' access to airport-related service

Analysts say 'subscribe' to Tamilnad Mercantile Bank IPO: Read to know why

Tamilnad Mercantile Bank's dedicated customer base, strong financial track record, healthy asset quality and reasonable valuation make analysts bullish on its IPO

Banks could consolidate with NBFCs as valuations looking sensible: Girotra

'I feel more positive about the NBFC sector than I did in the last three years', said Manisha Girotra

Disney likely to offload 10% stake in Rs 3,200-crore Tata Play IPO

The aggressive push of DD Freedish by Prasar Bharati in the past five years has only compounded matters for private DTH players, experts say

SAT dismisses plea opposing Tamilnad Mercantile Bank's Rs 830 cr IPO

Three shareholders of TMB had sought a stay on the share sale, aggrieved by TMB's decision to drop the OFS component

TMS Ep250: India's Q1 GDP, RCap insolvency, IPOs in 2022, Floor Area Ratio

India's Q1 GDP grows at 13.5%: What does it mean? Will creditors lose out in RCap resolution? How long before the primary market revs up? What is Floor Area Ratio? All answers here

TMS Ep250: India's Q1 GDP, RCap insolvency, IPOs in 2022, Floor Area Ratio

India's Q1 GDP grows at 13.5%: What does it mean? Will creditors lose out in RCap resolution? How long before the primary market revs up? What is Floor Area Ratio? All answers here

Primary market revival is still some time away, say analysts

Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode

Blackstone eyes IPO filing for $2.5 bn in shopping mall portfolio: Report

Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows

Dreamfolks' offer for sale subscribed 57 times on issue concluding day

The firm has a market share of over 90 per cent of all credit and debit cards that offer airport lounge facilities