Page 5 - Ipos

Paytm in focus as board considers buyback; IIAS raises key concerns

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?

Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period

Paytm can't use IPO proceeds for buyback; co's liquidity to be used: Report

One 97 Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose. Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. The company's board is scheduled to meet on December 13 to consider a share buyback proposal. "The management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial for our shareholders," it had stated in an exchange filing on Thursday. After a much-watched listing late last year, the stock is down 60 per cent in 2022 amid a global tech selloff and questions swirl around the firm's profitability, competition and costs related to marketing and employee stock options. Sources said regulations prevent any company from using IPO proceeds for a share buyback. Pa

Three IPOs to hit primary market next week to raise Rs 1,858 crore

Three companies -- Sula Vineyards, Landmark Cars and Abans Holdings -- are set to launch their initial public offerings (IPOs) next week to collectively raise Rs 1,858 crore. The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed. This comes after 10 companies had floated their IPOs in the month of November. In 2022 so far, as many as 33 companies have come out with their IPOs to mop up over Rs 55,000 crore. In 2021, 63 IPOs raised more than Rs 1.19 lakh crore, as per the data. Ankit Yadav, Founder and Director of Market Maestroo, said all the three IPOs are coming at a time of interest rate hikes. Generally, there is an opportunity for making wealth from IPOs in low-rate scenarios where borrowing is easy. "So today in high rates, the businesses who are

Snapdeal to shelve its $152 million IPO amid tech stock market retreat

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups

Concord Biotech, Vaibhav Gems get Sebi's approval to float IPOs

Rare Enterprises-backed Concord Biotech and regional jewellery brand Vaibhav Gems N' Jewellers have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). The two companies filed their preliminary IPO papers with the capital markets regulator between August and September and obtained their observation letters during November 28-December 2, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, its observations imply its go-ahead to float initial share sales. According to the draft papers, Concord Biotech's IPO is entirely an offer for sale of (OFS) of 2,09,25,652 equity shares by Helix Investment Holdings Pte Limited, backed by private equity firm Quadria Capital. Concord is among the leading manufacturers of fermentation-based biopharmaceutical APIs focused on niche segments, such as immunosuppressant, oncology, anti-fungal and anti-bacterial. It has three manufacturing facilities

Wine maker Sula's IPO to open Dec 12, size Rs 900-1,000 crore, say sources

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

Top Headlines: India Inc's profit declines, Ola ride-share's IPO, and more

Business Standard brings you the top headlines at this hour

IPO-bound OYO to lay off 600 in its tech team, hire 250 in sales roles

These layoffs come at a time when many other large start-ups are also letting go of employees

Uniparts India IPO receives 25.32 times subscription on last day of offer

The IPO received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer, according to NSE data

Uniparts India IPO receives 25.32 times subscription on last day of offer

The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription on Friday. The IPO received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors got 17.86 times subscription and the portion for Retail Individual Investors (RIIs) 4.61 times. The IPO of up to 1,44,81,942 equity shares had a price range of Rs 548-577 a share. On Tuesday, Uniparts India said it has raised Rs 251 crore from anchor investors. Since the IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and

CIEL HR acquires talent assessment company, plans IPO in Q2 of FY24

Skilling solutions firm is in talks to acquire two other professional staffing companies before its goes public

Uniparts India IPO subscribed 2 times on the second day of offer

The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 2 times on the second day of subscription on Thursday. The Rs 836-crore IPO received bids for 2,04,29,925 shares against 1,01,37,360 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 3.41 times, the portion for Retail Individual Investors (RIIs) got 2 times subscription and the quota for Qualified Institutional Buyers (QIBs) attracted 97 per cent subscription. The IPO is of up to 1,44,81,942 equity shares and has a price range of Rs 548-577 a share. On Tuesday, Uniparts India said it has raised Rs 251 crore from anchor investors. Since the IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and .

Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine

CLOSING BELL: Global cues triggered by Powell's positive remarks boosted sentiment. The Sensex scaled a new high at 63,583, while the Nifty 50 came within striking distance of 18,900 on Thursday.

Dharmaj Crop IPO subscribed 36 times; promising start for Uniparts

It raised Rs 216 crore by issuing fresh equity in the IPO

Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750

CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.

Uniparts India IPO: Here's why analysts recommend subscribing to the issue

Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products

Dharmaj Crop Guard IPO subscribed over 5x on strong retail, HNI interest

The two categories were subscribed around 7 times each; QIB was nearly half covered

ICICI Bank, HUL, ITC help lift Sensex 177 pts, Nifty above 18,600; PSBs dip

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,887, and the Nifty 50 registered a new summit at 18,678 on Tuesday.

IPO-bound OYO reports Rs 63 crore profit in April-September with Sebi

Travel tech firm OYO shared its financials for the first half of FY23 with market regulator Sebi on Monday, reporting a profit of Rs 63 crore as against a loss of Rs 280 crore a year ago. In an addendum to update its IPO application filed with the Securities and Exchange Board of India (Sebi), the company said its revenues in the first half of FY23 grew by 24 per cent year-on-year to Rs 2,905 crore. The adjusted EBITDA improved from a loss of Rs 280 crore in the first half of financial year 2022 to a profit of Rs 63 crore in the latest half-year period. Apart from improving operating performance, the company has a cash corpus of Rs 2,785 crore, the filing to Sebi showed. The market regulator had given OYO the permission to submit updated financials before it examined and processed the company's application for IPO (Initial Public Offering). The company's adjusted EBITDA for the second quarter grew to eight times from Rs 7 crore in first quarter to Rs 56 crore, primarily driven by a