Tuesday, October 22

Tag: IPO

FirstCry parent files IPO papers; to raise Rs 1,816 crore via sale of new shares
28Dec By adminNo Comments
Business

FirstCry parent files IPO papers; to raise Rs 1,816 crore via sale of new shares

NEW DELHI: Brainbees Solutions, the parent company of omni-channel retailer FirstCry has filed draft initial public offering (IPO) papers with market regulator Securities and Exchange Board of India (SEBI) on Thursday. The IPO comprises an issue of fresh shares worth Rs 1,816 crore and an offer for sale (OFS) of 5.4 crore shares by existing investors. Biggest shareholder SoftBank, Mahindra & Mahindra and private equity firm TPG are among the selling shareholders. SoftBank which holds a 25.5% stake in the company will offload 2 crore shares at the IPO, according to the draft red herring prospectus (DRHP). Founded by Supam Maheshwari, Prashant Jadhav, Amitava Saha and Sanket Hattimattur in 2010, FirstCry retails baby and kids products besides offering a range of maternity clothing and r...
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Half a dozen companies to get listed this week in Indian equity market
25Dec By adminNo Comments
Business

Half a dozen companies to get listed this week in Indian equity market

Half a dozen companies are getting listed in the Indian equity market this week. Muthoot Microfin, Suraj Real Estate Developers, and Motisons Jewellers are getting listed on Tuesday. Meanwhile, Credo Brands, Happy Forgings, and RBZ Jewellers will make their market debuts on Wednesday, and Azad Engineering will make its debut on Thursday. Together, these companies have raised Rs 3,910 crore and have garnered subscriptions between 12 and 173 times. Analysts said the returns, despite the subscription, could be muted as market activity will be a bit tepid during the holiday season. "There is a fear of missing out amongst investors whenever the Initial Public Offering (IPO) market is buoyant. And they end up applying to whichever IPO comes. The shares getting listed this week are...
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IPOs Next Week: Suraj Estate, Motisons Jewellers And 9 Others Open Next Week; Details
25Dec By adminNo Comments
Business

IPOs Next Week: Suraj Estate, Motisons Jewellers And 9 Others Open Next Week; Details

Last Updated: December 16, 2023, 13:32 IST11 IPOs, including 7 mainboard issues, lined up to raise Rs 4,000 cr If you have missed opportunities to bid in these IPOS then next week you will have multiple options to bid inIPOS opened in the last month of the eyer (December) so far, have got overwhelming responses from investors. It’s not only the investors shown interest in bidding, the majority of the IPOs have listed with tremendeous premiums against their issue price as well.If you have missed opportunities to bid in these IPOS then next week you will have multiple options to bid in. Let’s have a look at IPOS opening next week.The seven mainboard IPOs will cumulatively raise about Rs 3,910 crore, while four of the SME issues are expected to mop up Rs 135 crore.Analysts said the strong in...
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Ola Electric first Indian EV maker to file for IPO
23Dec By adminNo Comments
Business

Ola Electric first Indian EV maker to file for IPO

MUMBAI: Ola Electric Mobility, the Bhavish Aggarwal-led electric vehicle company, on Friday filed papers with Sebi to go public via an IPO that is estimated to be worth about Rs 10,000 crore. Ola Electric is the first EV company in India planning to go public. It would also be the first automobile company to go for IPO in over 20 years, since Maruti Suzuki (then Maruti Udyog) went public in mid-2003.IPO documents filed by Kotak Mahindra Capital showed that the company would raise Rs 5,500 crore through issuance of new shares. In addition, 10 shareholders are selling part of their holdings, aggregating a little over 9.5 crore shares, through this offer.The money raised through the issuance of new shares would primarily be used for the expansion of Ola Electric's cell manufacturing plant, r...
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LIC exempted from public stake rule
22Dec By adminNo Comments
Business

LIC exempted from public stake rule

NEW DELHI: The government has granted a one-time exemption to LIC to achieve 25% minimum public shareholding (MPS) within 10 years, the state-owned insurer said on Thursday. The country's largest insurer LIC was listed in May 2022. The government had sold over 22 crore shares, or a 3.5% stake in LIC, through an IPO. The government currently holds 96.5% stake in the company. Earlier this year, the government had amended the regulation so that listed state-run companies, including banks, will not need to comply with the rule requiring an MPS of 25% even after their privatisation, if the government decides so "in public interest". The exemption to the MPS rule was earlier available only to government-controlled companies.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaig...
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Tata Technologies to boost India’s hot IPO market on trading debut
30Nov By adminNo Comments
Business

Tata Technologies to boost India’s hot IPO market on trading debut

By Ashutosh Joshi and Filipe Pacheco India’s busy market for initial public offerings is set to get a boost as shares of Tata Technologies Ltd., the first company from the salt-to-software conglomerate to list since 2004, begin trading in Mumbai Thursday.     Tata Technologies’ IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled into the engineering unit of luxury carmaker Jaguar Land Rover’s owner Tata Motors Ltd. The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the country’s economic growth. The frenzy reached a fever pitch last week when first-time share sales from f...
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Tata Technologies IPO To Open For Subscription On November 22; Key Things To Know
14Nov By adminNo Comments
Business

Tata Technologies IPO To Open For Subscription On November 22; Key Things To Know

Last Updated: November 14, 2023, 12:32 ISTTata Technologies’ IPO: India’s Tata Technologies’ initial public offering will open for subscription on November 22, its parent Tata Motors said late Monday, in what will be the first Tata Group IPO in nearly two decades.This will be the first IPO from Tata Group since the successful launch of Tata Consultancy Services (TCS) in 2004.“We now wish to inform you that the Company has been informed by Tata Technologies Limited that it has filed today, the RHP dated Monday, November 13, 2023, with the Registrar of Companies, Maharashtra in Pune. This IPO is an Offer For Sale (“Offer”) of up to 60,850,278 equity shares for cash (“Equity Shares”), comprising of an offer for (a) up to 46,275,000 Equity Shares by the Company; (b) up to 9,716,853 Equity Sha...
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Ipo: Mamaearth raises Rs 765 crore from anchor investors ahead of IPO
31Oct By adminNo Comments
Business

Ipo: Mamaearth raises Rs 765 crore from anchor investors ahead of IPO

NEW DELHI: Honasa Consumer, the parent company of Mamaearth has raised Rs 765.2 crore from 49 anchor investors ahead of its initial public offering (IPO) launch on October 31. Smallcap World Fund, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs among others invested in the company via the anchor book. For the anchor portion, the firm has allocated 2.36 crore shares at Rs 324 apiece.The company has also allocated shares worth Rs 253.6 crore to domestic mutual funds.“Seven Domestic Mutual Funds have applied through a total of 19 schemes,” the company said in an exchange filing.Mamaearth’s IPO consists of a fresh issue of shares worth Rs 365 crore and an offer for sale (OFS) of up to 4.12 crore shares. Those offering shares in the OFS include promoters and founders Varun Alagh ...
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Ahead of IPO, Blue Jet Healthcare mobilises Rs 252 crore from anchor investors
24Oct By adminNo Comments
Business

Ahead of IPO, Blue Jet Healthcare mobilises Rs 252 crore from anchor investors

NEW DELHI: Pharmaceutical ingredient maker Blue Jet Healthcare announced that it has mobilised Rs 252 crore from anchor investors, ahead of its initial public offering (IPO). The company has allotted 72.85 lakh equity shares to 22 funds at Rs 346 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website late night on Monday. Government Pension Fund Global, BNP Paribas Arbitrage, Societe Generale, Integrated Core Strategies (Asia) Pte Ltd, Aditya Birla Sun Life Insurance Company, ICICI Prudential Mutual Fund (MF), HDFC MF, Nippon India MF, Edelweiss MF and Bandhan MF are among the anchor investors. The bidding for the issue, which is entirely an Offer for Sale (OFS) component of 2.42 crore shares by promoters -- Akshay Bansarilal Arora and S...
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SME IPOs: Here’s Why You Should Be Cautious Before Investing In SME stocks
13Oct By adminNo Comments
Business

SME IPOs: Here’s Why You Should Be Cautious Before Investing In SME stocks

Curated By: Business DeskLast Updated: October 13, 2023, 18:58 ISTSME IPO price manipulation is done for a premium listing of the stock. Market regulator SEBI has raised concerns regarding the unprecedented volatility in the value of SME IPOs and stocks.SME IPOs are in the spotlight currently after two regulatory reforms by market watchdog Securities and Exchanges Board of India (SEBI). In September, 37 small and medium enterprises (SMEs) went public raising over Rs 1,000 crore through initial public offerings (IPOs), according to Moneycontrol. However, on September 25, SEBI included SME stocks under the Additional Surveillance Measures (ASM) and Trade-to-Trade Settlement (T2T) due to concerns about price manipulation and irregular trading volumes.There is a significant potential for...
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