Page 20 - Ipos
Braithwaite & Co aims at Rs 2,500 crore revenue, IPO by FY26
State-run Braithwaite & Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said. The PSU company under the administrative control of the Ministry of Railways is expecting to touch Rs 700 crore topline in the current fiscal. We have already achieved Rs 488 crore revenue till the third quarter (October-December) of the current financial year and are on track to post Rs 700 crore turnover by March. We are confident to have a topline of Rs 2,500 crore by FY26, Braithwaite & Co Ltd chairman and managing director Yatish Kumar said. The company now has an order book of Rs 1,700 crore. "We will go for listing to raise money via IPO after achieving a revenue of Rs 2,500 crore and a healthy profit for better ...
 "Braithwaite & Co aims at Rs 2,500 crore revenue, IPO by FY26")
AGS Transact Tech IPO to open on Jan 19; cuts issue size to Rs 680 cr
Payment solutions provider AGS Transact Technologies, which will launch its initial share-sale on January 19, has cut the size of its public issue to Rs 680 crore from Rs 800 crore planned earlier
Dozen IPOs likely to raise Rs 16,000 crore in March quarter
Emcure Pharmaceuticals, ESDS Software Solutions, AGS Transact Technologies, Waaree Energies, Hexagon Nutrition, and Ixigo are among the companies that could launch their issues this quarter
 "Dozen IPOs likely to raise Rs 16,000 crore in March quarter")
Federal Bank arm Fedbank Financial Services gets board approval for IPO
The board approval is subject to market conditions and receipt of applicable approvals
 "Federal Bank arm Fedbank Financial Services gets board approval for IPO")
Five Star Business Finance, Waaree Energies get Sebi's nod to float IPOs
Non-banking financial company Five Star Business Finance and solar energy player Waaree Energies have received capital markets regulator Sebi's go-ahead to raise funds through initial share-sales
Fintech startup Pine Labs seeks to raise $500 million in IPO: Report
Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations for a US listing and seeks to raise about $500 million
 "Fintech startup Pine Labs seeks to raise $500 million in IPO: Report")
IPO mandates via UPI decline marginally in December, shows data
In December, as many as 12 companies came out with their IPO and mopped up Rs 16,783.75 crore
Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months
Udaan achieved a valuation of $3.1 bn during its last round of funding of $280 mn in January 2021 from existing and new investors
 "Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months")
Ahead of mega LIC IPO, Sebi plans to ramp up senior-level hiring
The hirings follow SEBI processing a record number of applications for initial public offerings last year
 "Ahead of mega LIC IPO, Sebi plans to ramp up senior-level hiring")
LG Energy Solution targets $10.8 billion in S Korea's biggest-ever IPO
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country's largest ever
IPO craze to continue in Q4; 23 cos line up public issues worth Rs 44k cr
The primary market will see frenetic activity in the March 2022 quarter with nearly two dozen companies are looking to collectively raise nearly Rs 44,000 crore through initial share-sale
 "IPO craze to continue in Q4; 23 cos line up public issues worth Rs 44k cr")
India's technology start-ups set to continue IPO rush into 2022
Delhivery, Snapdeal, PharmEasy, OYO and Ola are among those slated to list in the bourses in the coming year
 "India's technology start-ups set to continue IPO rush into 2022")
Fairy dust year for fund-raising: Rs 1.8 trillion raised via equities
Initial public offerings to get the biggest slice of fund-raising pie in 2022
 "Fairy dust year for fund-raising: Rs 1.8 trillion raised via equities")
2022: A year of firsts for insurance space; general insurer privatisation
The government will push for privatisation of a state-owned general insurance company as well as pursue the mega initial share sale of LIC in 2022.
The magic of new-age offers & Sebi on new IPO norms
After steller IPOs, market corrections drove down valuations of new-age companies. What led to this divergence? What does changes in lock-in period for anchor investors in an IPO mean? Let's find out
 "The magic of new-age offers & Sebi on new IPO norms")
Primary market stability
Sebi's decisions will improve investor confidence
 "Primary market stability")
In pics: 2021 belonged to investors, no matter where they placed a bet
From equities to commodities and cryptocurrencies, most segments gave handsome returns. But inflation, rate tightening, and the Omicron spread have spoiled the year-end party
 "In pics: 2021 belonged to investors, no matter where they placed a bet")
For exit, anchors now to wait for 90 days after IPO as Sebi tightens norms
Sebi board sets minimum 5% gap in issue price bands
Sensex ends 477pts higher on all-round buying; Supriya Life up 42% on debut
The BSE Midcap index and Smallcap indices also finished with smart gains of 1 per cent and 1.5 per cent, respectively.
 "Sensex ends 477pts higher on all-round buying; Supriya Life up 42% on debut")
HP Adhesives makes strong market debut; closes with 22% gains
After listing, the company has a market capitalisation of Rs 615.47 crore
 "HP Adhesives makes strong market debut; closes with 22% gains")
