Page 9 - Ipos

35% of Nifty smallcaps rally up to 150% in Samvat 2078: Will they keep up?

If the Nifty small-cap index manages to leap over the 200-day moving average (DMA), this would trigger a positive sentiment in most of the small-cap stocks

Samvat 2078: Record-breaking year for IPOs but outlook turns cloudy

The top five issues accounted for nearly two-thirds of the IPO fund raise

IPO delayed due to Ukraine-Russia war and Omicron wave: Go First

The firm's DRHP expired in August this year and it will need to refile its papers with Sebi to reinitiate the IPO process

BoB-backed IndiaFirst Life Insurance files DRHP with Sebi for IPO

The IPO will consist of a fresh offer of Rs 500 crore and an offer for sale of 141.2 million shares

Tracxn Technologies stock gains on NSE debut, up 17.7% at Rs 94.20 apiece

The stock of the data processing services company got listed at Rs 84.50, a Rs 6 per premium, to its issue price

Cable manufacturer DCX Systems' Rs 500-cr IPO to open for 3 days on Oct 31

The Rs 500-crore initial share-sale of DCX Systems, manufacturer of cables and wire harness assemblies, will open for public subscription on October 31. The three-day Initial Public Offering (IPO) would close on November 2, according to the Red Herring Prospectus (RHP). The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. Apart from fresh issue, the IPO comprises an offer for sale of equity shares to the tune of up to Rs 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in

IndiaFirst Life Insurance to file draft papers with Sebi in next few weeks

IndiaFirst Life insurance entered the insurance industry in 2009 as the 23rd private sector life insurance company

Down 66% YoY, total deal value in Q3FY23 second lowest since 2017: Report

According to Grant Thornton Bharat's Dealtracker September 2022 report, a total of 450 deals worth $10.2 billion were recorded in Q3FY23, 25 per cent below the 600 deals recorded in Q3FY22

Four companies receive Sebi approval for initial public offerings

Markets regulator Sebi has given its nod for the proposed initial public offerings of four companies -- BIBA Fashions Ltd, Keystone Realtors Ltd, Plaza Wires Ltd and Hemani Industries Ltd. These companies have received their respective observation letters from Sebi, according to an update on the regulator's website as on October 14. In Sebi's parlance, issuance of the observation letter implies the go-ahead from the regulator for the proposed IPO. Ethnic wear fashion label Biba Fashion, which is backed by Warburg Pincus and Faering Capital, had filed the Draft Red Herring Prospectus (DRHP) for an IPO in April. The proposed IPO comprises fresh issuance of equity shares worth Rs 90 crore and an Offer For Sale (OFS) of 2.77 crore equity shares by the promoter and existing investors, as per the draft papers. In June, Rustomjee group company Keystone Realtors has filed the preliminary papers to raise Rs 850 crore through an IPO. It consists of fresh issue of equity shares aggregating

Electronics Mart soars 42% at close on debut after strong response to IPO

Shares worth Rs 766 crore changed hands on NSE; offering had garnered more than 72x subscription

Stocks to Watch: HDFC Bank, Electronics Mart, Bajaj Auto, Axis Bank, DMart

Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece

Zoomcar Holdings to go public via merger with Innovative International

Zoomcar operates a marketplace for private vehicles, with owners making their cars available on the platform and users able to rent them by the hour, day, week or month

Manipal Health may launch IPO after deal to buy AMRI Hospitals

Manipal Health is India's second-largest hospital chain, is estimated to have 8,700 hospital beds

Fidelity, HDFC Mutual eye India's Five Star IPO at lower valuation: Report

Five Star Business Finance is planning to make its stock market debut within weeks, with anchor investors including Fidelity Investments in talks to subscribe to the issue

Tracxn Technologies' IPO bought 53% on second day of the issue

The company has set a price band of Rs 75-80 per share for its IPO, which is entirely an offer for sale worth Rs 309 crore.

Tracxn Technologies IPO: High attrition, losses keep analysts apprehensive

Tracxn Technologies IPO review: Attrition continues to remain at elevated levels. The company's bottom-line performance has been disappointing in the last three years. It turned profit positive in Q1

Tweaking IPO rules won't stop mispricing

Sebi has announced "stricter information disclosures" in an effort to bring down the "information asymmetry" between issuers and investors

Festival season may bring cheer to IPO market, say investment bankers

Rs 9,000 crore worth of issues lined up over the next six weeks

Electronics Mart IPO subscribed 72x on strong institutional interest

QIB portion subscribed nearly 170 times

Electronics Mart India IPO subscribed 7.57 times on Day 2 of offer

The Initial Public Offering (IPO) of consumer durables retail chain Electronics Mart India received 7.57 times subscription on the second day of offer on Thursday. The IPO got bids for 47.29 crore shares against 6.25 crore shares on offer, according to NSE data. The category for non-institutional investors was subscribed 11.74 times, while the portion for Retail Individual Investors (RIIs) attracted 7.81 times subscription. Qualified Institutional Buyers (QIBs) category received 4.01 times subscription. The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore, with no offer for sale component. Price range for the offer is Rs 56-59 a share. On Tuesday, the public offer of Electronics Mart India was subscribed 1.69 times on the first day of offer. The domestic equity markets were closed on Wednesday for the Dussehra festival. Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables a