Page 17 - Ipos

Chinese firms' $9 bn IPO plans stalled amid Covid outbreak, filings show

A wave of Chinese companies have halted domestic listing plans, filings show, as the country's biggest coronavirus outbreak in two years hampered due diligence and information gathering

Agrochem firm Hemani Industries files draft papers for Rs 2,000-cr IPO

The IPO will comprise fresh issue of equity shares aggregating up to Rs 500 cr and an Offer For Sale of equity shares worth up to Rs 1,500 cr by its promoters

FY23 to set new IPO fundraise record

After a blockbuster last year, Indian primary market is set to break its record in the next fiscal year. Our next report does a quick check on what's in store for the primary markets in FY23

TMS Ep138: Oscars for OTT, Baroda BNP Paribas Mutual Fund, IPO, ransomware

Is vernacular the future of OTT in India? What is the outlook of Baroda BNP Paribas MF's Suresh Soni on markets? What is in store for the primary markets in FY23? What is ransomware? All answers here

HMA Agro Industries files initial papers for Rs 480-crore IPO

Aryaman Financial Services is the book running lead manager for the IPO

Yatra Online files IPO papers with Sebi to raise 750 crore

Travel service provider Yatra Online Ltd on Monday said it has filed a draft prospectus with markets regulator Sebi for its initial public offering that includes a fresh issue of shares aggregating up to Rs 750 crore. Yatra also announced the appointments of Rohit Bhasin, Deepa Misra Harris and former bureaucrat Ajay Narayan Jha as non-executive independent directors. "The company has also filed its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) comprising a fresh issue aggregating up to Rs 750 crore and an offer for sale of up to 93,28,358 equity shares, including 88,96,998 equity shares by THCL Travel Holding Cyprus Ltd, one of its promoters," Yatra said in a statement. Commenting on the IPO plans, Yatra Online Ltd Whole-time Director & CEO Dhruv Shringi said, "The proposed equity offering and the listing will help us accelerate our organic growth plans and provide further capital for exploring inorganic growth opportunities as the travel and tourism ...

Jewellery chain Joyalukkas India files DRHP for Rs 2,300-crore IPO

Joyalukkas clocked a profit of Rs 471.75 crore in FY21 as against Rs 40.71 crore in the year-ago period

Rajesh Jain, pioneer of India's dotcom era, preps IPO for second startup

Rajesh Jain, 54, a pioneer of India's internet industry, is readying his second startup Netcore Cloud Pvt. for an initial public offer within the next year

FabIndia preps for IPO, seeks ESG investors without ticking 'green boxes'

Company is in talks with ESG funds and will make decisions on its investor lineup after stock market regulator clears its first-time share sale.

LIC IPO gets Sebi approval; may see delayed launch over Ukraine crisis

LIC's IPO is one of the fastest to get Sebi approval; the insurer had filed its DRHP on February 12.

India Exposition Mart files draft papers; aims to raise Rs 600 cr via IPO

India Exposition Mart Ltd, a leading integrated exhibitions and conventions venue, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 600 crore through an initial public offering. The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer-for-sale (OFS) of up to 11,210,659 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS include Vectra Investments, MIL Vehicles & Technologies, Overseas Carpets, RS Computech, Navratan Samdaria, Dinesh Kumar Aggarwal and Pankaj Garg. According to market sources, the company is likely to raise around Rs 600 crore through the initial share-sale. The company may consider a private placement of equity shares aggregating up to Rs 75 crore. If such pre-IPO placement is undertaken, the fresh issue size will be reduced. Of the Rs 450-crore fresh issuance, the company is planning to use about Rs 316.91 crore for

Govt may postpone LIC IPO to next fiscal amid Ukraine crisis: Experts

Government may defer the mega initial public offering (IPO) of LIC to next fiscal year as the ongoing Ukraine war has dampened fund managers' interest in public issue, market experts said on Sunday

LIC IPO to be delayed or not? GoM likely to take a call tomorrow

Merchant bankers say situation not ripe for IPO of this size

What is red herring prospectus?

Markets are awaiting the IPO of Life Insurance Corporation of India. Even before it hits the primary market, LIC filed a draft red herring prospectus (DRHP) with the SEBI. Find out more about this doc

SoftBank-backed Swiggy eyes $800-mn IPO early next year: Report

Swiggy has begun adding independent directors to the board, and plans to position itself as a logistics company and not just a food delivery firm, according to the report

Additional disclosures

Sebi's proposal on tech start-up IPOs will be useful for investors

PharmEasy parent API Holdings gets Sebi nod for Rs 6,250-cr IPO

API Holdings, the parent company of PharmEasy, Adar Poonawalla-backed Wellness Forever Medicare and metal recycling firm CMR Green Technologies received Sebi's nod for IPOs

LIC IPO: Watching geo-political situation carefully, says M R Kumar

LIC chairman M R Kumar on Monday said that the insurance behemoth was watching the geo-political situation carefully

Sebi plans tougher pricing norms for startup IPOs amid share meltdown

Proposes disclosure of relevant KPIs made before pre-IPO investors

Large NSE shareholders sell stake amid IPO delay, total holding down by 10%

Citigroup, Goldman Sachs and Norwest Venture sold their entire stake in FY22, exchange data shows; others have pruned holdings