Page 43 - Ipos

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Business Standard brings you top news of the evening

Mrs Bectors Food IPO review: Play on large opportunity in biscuits, QSR

Healthy growth and sound fundamentals offer comfort

Mrs Bector IPO subscribed 3.72 times on Day-1 on strong retail interest

The company on Monday allotted shares worth Rs 162 cr to anchor investors Goldman Sachs India, SBI MF, Bajaj Allianz Life Insurance, among others

Burger King shares more than double in best listing day show in three years

Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers

DoorDash set for blockbuster trading after IPO raises $3.37 billion

If gains hold, DoorDash's market capitalization would be around $63.5 billion at the top end of the indicated range

Taking a bite of Burger King's IPO could yield reasonable returns

Reasonable valuation, steady margin profile are positives

Burger King IPO subscribed 157 times at close on robust all-round demand

The issue generated bids for 11.7 billion shares, worth Rs 70,000 crore, as against only 75 million on offer, making it one of the most-subscribed IPOs ever

Burger King IPO subscribed 9.4x on Day 2, retail portion by 37.8 times

Wealthy investor and institutional investor portions subscribed 3.6 times and 2.7 times, respectively; Only 10 per cent of the issue is reserved for retail investors

Burger King IPO subscribed 3x on Day 1 on strong retail participation

Retail portion subscribed 15.6 times

Paytm Money to offer investments in IPO, aims for 8-10% market share

Fintech major Paytm said its wholly-owned subsidiary Paytm Money will now facilitate investments in Initial Public Offers

Firms raise Rs 25K cr via IPOs in 2020 so far; next yr to be equally strong

In 2020 so far, close to Rs 25,000 crore has already been raised through IPOs and the figure could rise further as Burger King's Rs 810-crore initial share-sale is schedule to open on December 2

Burger King IPO proceeds to help set up new stores, repay term loan: Varman

Our plan is to open 700 restaurants by December 2026. Right now, we have 268 restaurants in India, says CEO Varman

Burger King sets IPO price band at Rs 59-60, seeks to raise Rs 450 cr

Proceeds will be used to roll out new outlets, retire debt; Issuer to have market cap of Rs 2,290 cr at upper end of price band

Urban Company gears up for IPO by 2023, hits 140% pre-covid business level

Backed by investors including Ratan Tata and Accel, the company plans to scale up its operations in Tier-II and -III cities of India in the next few years

Sebi mulls lower dilution, 5 years for achieving 25% float for large IPOs

Currently, a company with post-listing market capitalisation of Rs 4,000 crore, needs to offer at least 10 per cent stake to public shareholders

New issuers advance listing plans, look to cash on market resurgence

Half a dozen IPOs could be launched in 4-6 weeks to raise up to Rs 10,000 cr

Chinese banks biggest winners from new regulations that botched Ant IPO

Merchants Bank, known as the retail bank king in China, has soared 18% in Hong Kong this month, its biggest seven-day advance in more than five years

China's central bank says Ant IPO halted to safeguard investors, consumers

The move comes amid broader efforts by Chinese policymakers to prevent systemic financial risks and curb rising debt

Brookfield to push ahead with $513 mn India REIT IPO by 2020-end: Report

Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer, the person said

Airbnb sets up endowment fund, 15-member council of hosts ahead of IPO

The San Francisco-based home-sharing company said it will set aside 9.2 million shares for the endowment, which will start funding projects when its value tops USD 1 billion