Page 55 - Ipos

10 things to know in L&T Infotech IPO

L&T Infotech will not be enjoying the proceeds of the present issue as this being an offer for sale, the entire sale amount of around Rs 1,200 crore will go the parent L&T

5 SME IPOs hits market on Thursday

KKV Agro Powers, Advance Syntex, Kwality Pharma, Titanium Ten Enterprise and Commercial Synbags are open for subscription from June 30.

Mahanagar Gas subscribed 65 times

Gas distribution firm's Rs 1,000-cr IPO garners demand worth around Rs 47,000 cr

ICICI Pru, HDFC Standard plan to raise $1 bn in IPOs

As insurance companies rush to take advantage of a change in ownership rules.

15 of 25 IPO stocks trade at premium

In past one-year, the S&P BSE IPO index gain 4% as compared to 6% decline in the S&P BSE Sensex.

Companies line up IPOs worth Rs 15,000 cr

Eye business expansion, fulfil working capital requirements and making loan repayments

Equitas Holdings to hit markets tomorrow; to mop-up Rs 2,200-crore

The IPO will bring down the company's foreign holding from the present 93% to 35% and therefore allow it to operate as an SFB

IPO market revives, but fund raising in public equity falls in 2015-16

Fundraising of Rs 48,952 crore was raised, 17% lower than Rs 58,801 crore that was raised in the preceding year

Equitas Holdings IPO to open on April 5

The company is expected to raise an estimated Rs 2,000 crore through the IPO

One tequila, two tequila

Cuervo IPO recipe may revive Diageo's M&A spirits

HNIs trapped in recent IPOs

High-net worth individuals (HNIs) have been caught on the wrong foot with the two recent initial public offerings (IPOs) of TeamLease and Quick Heal. Buoyed by the grey market premium, several HNIs had placed leveraged bets on the two issues. However, as the listing of the two companies didn't go according to the calculations, these investors had to book losses. Shares of TeamLease slipped below the IPO price but later gained, to close 20 per cent higher on Day 1. Quick Heal shares plunged over 20 per cent on debut. Market players say HNIs and other investors might turn wary of IPOs in the near future.Brokerages start cutting workforceThe high volatility in the stock market with a downward bias is beginning to hurt brokerages. Some of the leading domestic ones have started cutting their personnel count. According to sources, two brokerages recently sent mails to all team heads, asking them to prune their workforce. Last year, these brokerages were on a hiring spree. "Whenever the marke

Letters: Ill-timed change

Priya Nair's article, "Investing in IPOs through Asba is convenient, saves time" (February 15), omits one crucial issue: the missed opportunity for small investors due to no fault of theirs. Until systemic logistics are up and running efficiently, small investors should not opt for Application Supported by Blocked Account (up to Rs 2 lakh). The change seems ill-timed and to the detriment of small investors.Even in a place like Jodhpur, there are problems in the submission of applications; it's likely that in smaller or remote places with only one or two banks, which may not even be members of Asba, the situation is not much better, if not worse. Compelling investors to maintain accounts in Asba-member banks is also not justified.The matter should be taken up with the Securities and Exchange Board of India at the earliest so that small investors are not sidelined. Simply banking on the benefits of change without proper implementation does more harm than good.Ajay Gupta JodhpurLetters