IPO News

IPO News typically covers news related to upcoming IPOs, recent IPOs, and their performance in the stock market, including their opening and closing prices, trading volumes, and investor sentiments. It may also include insights and analysis from industry experts on the latest IPO trends, market conditions, and potential investment opportunities.

  • 14 Jun, 2024

Hyundai seeks to dilute up to 17.5% stake in $3 bn IPO: Report

Hyundai Motor plans to dilute up to 17.5% stake in its India entity's IPO to raise $2.5 billion to $3 billion. India's second-biggest carmaker, behind Maruti Suzuki, will file papers with the stock market regulator. No new shares will be issued, only the South Korean parent will dilute its stake.

  • 14 Jun, 2024

Stanley Lifestyles IPO opens on June 21, check price band, GMP and other details

Stanley Lifestyles announces IPO opening on June 21 with a price band of Rs 351-369 per share. It aims to raise Rs 537 crore and be listed on NSE and BSE platforms.

  • 14 Jun, 2024

GPES Solar IPO opens today: Check issue size, price band, GMP and other details

The GPES Solar SME IPO opened for subscription today aiming to raise Rs 31 crore. It is an authorized distributor of Sungrow India, Saatvik Green Energy Private, and LONGi Solar Technology.

  • 14 Jun, 2024

HDB Financial awaits parent’s approval to begin IPO journey

HDB Financial Services, the non-banking financing arm of HDFC Bank, is preparing for an IPO to list by September 2025 with a valuation range of $9 billion to $12 billion. The lender plans to open 200 branches this fiscal year to expand its loan book.

  • 14 Jun, 2024

Flipkart's path to profitability will decide IPO timing, says Walmart CFO

Walmart sees financial services as a growth opportunity, with PhonePe and Flipkart driving monetisation prospects. A report by Bernstein Research suggests India's ecommerce market could double by 2025.

  • 13 Jun, 2024

United Cotfab IPO fully subscribed within hours of opening. Check GMP and other details

United Cotfab IPO: The category reserved for retail investors was booked over 2 times, followed by other investors at just 30%. About 50% of the offer is reserved for retail investors and the rest 50% for other investors.

  • 13 Jun, 2024

Ixigo to finalise its share allotment today. Check status, GMP, listing date & other details

Ixigo, operated by Le Travenues Technology, to finalise share allotment after strong response for IPO, booked nearly 98.34 times. Investors can check allotment status on BSE or registrar website.

  • 13 Jun, 2024

United Cotfab IPO opens today: Check issue size, price band, GMP and other details

United Cotfab SME IPO opened today to raise Rs 36.29 crore. The company manufactures high quality open end yarn for the textile industry, following strict quality standards and advanced technology.

  • 13 Jun, 2024

DEE Development IPO Opens June 19

DEE Development Engineers, headquartered in Haryana, unveils its 418 crore IPO with a price band of 193-203 per share, opening for subscription on June 19 till June 21. The offering comprises a fresh issue of 325 crore and an offer for sale of 93.01 crore by existing shareholders, allowing investors to subscribe for a minimum of 73 equity shares.

  • 13 Jun, 2024

Ixigo parent’s IPO subscribed 98.1x

Le Travenues Technology's IPO, backing online travel giant Ixigo, garnered massive interest, oversubscribed by 98.1 times, with retail, institutional, and high-net-worth investors showing overwhelming demand, signaling robust market enthusiasm.

  • 12 Jun, 2024

DEE Development Engineers IPO to open on June 19; price band announced

DEE Development Engineers filed a draft prospectus with the Securities and Exchange Board of India (SEBI) in September of last year and received approval in February of this year. The IPO is priced in the range of Rs 193-203 per share, with a minimum bid lot of 73 shares. Investors can bid for shares in multiples of the lot size.

  • 12 Jun, 2024

Ixigo IPO nears 50x subscription on final day. Check GMP and other details

Ixigo IPO: On the final day of bidding, the IPO for Le Travenues Technology, the company behind the travel platform Ixigo, gained significant traction, with subscriptions reaching 47 times the offering size. Today marks the closing of the bidding process.

  • 12 Jun, 2024

Snack maker Haldiram’s said to weigh IPO as sale talks stall

The Agarwal family is considering a listing as bids in the region of $8 billion to $8.5 billion didn’t meet its valuation expectations of about $12 billion, according to the people, who asked not to be identified discussing private information.

  • 12 Jun, 2024

Ixigo IPO subscribed 17 times, GMP soars on Day 3

Le Travenues Technology's IPO, home to the travel platform Ixigo, saw a robust subscription of 17.42 times on its final day, buoyed by strong demand from retail and non-institutional investors. In the unlisted market, Ixigo's shares are trading at a premium of Rs 36, surpassing the previous day's GMP of Rs 25, reflecting a 37% premium over the issue price.

  • 12 Jun, 2024

Magenta Lifecare shares list at 29% premium over issue price

The issue, which was completely a fresh equity sale of 20 lakh shares, received an overwhelming response from investors with a subscription of over 900 times at close. Net proceeds from the Magenta Lifecare IPO are proposed to be used for funding the incremental working capital requirements of the company and other general corporate purposes.

  • 12 Jun, 2024

Ola Electric gets Sebi nod for public offer

Ola Electric, set for a $6 billion IPO, plans layoffs amid IPO filings by Swiggy and FirstCry.

  • 12 Jun, 2024

PE investors in IPO-bound cos have to forgo special rights

Sebi advises private equity investors in IPO-bound companies to cancel special rights when filing updated IPO documents, exposing them to risks if IPOs fail to materialise.

  • 12 Jun, 2024

IPO season is back with more than 2 dozen companies chasing Rs 30,000 crore

India's primary market anticipates a wave of IPOs with over two dozen companies planning to raise â‚ą30,000 crore. Investor confidence is high with the Modi government's return for a third term, ensuring stable governance and policies.

  • 11 Jun, 2024

Ola Electric secures Sebi nod for Rs 5,500 crore IPO

Ola Electric has received approval from Sebi for the first EV startup IPO in India. Founder Bhavish Aggarwal has informed employees about the nod. The company is eyeing a $7-8 billion valuation through the public offering.

  • 11 Jun, 2024

Ixigo IPO enjoys strong response even on Day 2. Check subscription, GMP, and other details

Le Travenues Technology's IPO, operating Ixigo, was subscribed 9.31 times in two days, driven by strong retail demand. IPO includes fresh equity sale of Rs 120 crore and OFS of up to 6.66 crore shares. Analysts suggest long-term subscription due to potential business growth. Price band set at Rs 88-93 per share. Ixigo shares trade at a Rs 25 premium in the unlisted market.

  • 11 Jun, 2024

Ixigo public issue oversubscribed on opening day

Le Travenues Technology's IPO for online travel platform Ixigo was oversubscribed on the opening day, with bids for 85.5 million shares against 43.7 million available.

  • 10 Jun, 2024

Hyundai Motor gearing up to drive into Indian capital market

Hyundai has hired several investment banks to manage the IPO and is targeting a valuation of $22-28 billion. The IPO could lead to a rerating of the Indian automobile sector and benefit Hyundai's closest rival, Maruti Suzuki.

  • 10 Jun, 2024

Kronox Lab shares got listed at 21% premium. What should investors do?

Kronox Lab Sciences had a decent listing at the bourses, falling short of expectations due to market volatility. Analysts praise its strong position in specialty fine chemicals sector.

  • 10 Jun, 2024

Retail buyers oversubscribe Ixigo IPO within hours on debut

Retail investors bid for 17.6 million shares compared to the 7.9 million shares available, as of 11:42 AM on Monday, BSE data showed. The non-institutional segment subscribed 0.47 times, while the qualified institutional buyers (QIB) are yet to show significant activity.

  • 10 Jun, 2024

Ixigo IPO fully subscribed on strong retail demand. Check GMP and other details

Ixigo IPO GMP: Ixigo IPO comprises a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will offload part of their stakes.

  • 10 Jun, 2024

Kronox Lab Sciences shares list at 21% premium over issue price

Kronox Lab Sciences boasts a strong position in the specialty fine chemicals sector. Their diverse product portfolio caters to various industries, creating long-term growth potential. High entry and exit barriers due to stringent manufacturing processes offer them a competitive edge.

  • 10 Jun, 2024

Ixigo IPO opens for subscription. Should you bid?

Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.

  • 09 Jun, 2024

Kronox Labs IPO GMP: Will there be a healthy listing at the bourses tomorrow?

Before its debut on the exchanges scheduled for Monday, Kronox Labs' shares are enjoying a premium of Rs 40 in the unlisted market.

  • 09 Jun, 2024

Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?

Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.

  • 08 Jun, 2024

Bajaj Housing Finance files papers for Rs 7,000 crore IPO

Bajaj Housing Finance, a non-deposit taking housing finance company, has filed Rs 7,000 crore IPO DRHP with fresh equity shares and OFS. In the OFS, Bajaj Finance will off-load its shares.

  • 08 Jun, 2024

Ixigo IPO opens on Monday. 10 things to know before subscribing to the issue

Ixigo helps Indian travellers to plan, book and manage their trips be it rail, air, buses and hotels. The IPO comprises fresh equity sale of Rs 120 crore and offer for sale of up to 6.66 crore shares. Its price band has been fixed at Rs 88-93 per share.

  • 08 Jun, 2024

IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week

The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.

  • 07 Jun, 2024

Ixigo raises Rs 333 crore from anchor investors ahead of IPO

Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore are some of the marquee investors who subscribed to Ixigo's anchor book. The company had already announced pre-IPO secondary placements of around Rs 176.2 crore at the top end of price band.

  • 07 Jun, 2024

Startups seek advice on IPO timing in choppy markets

Multiple new-age companies looking to go public are seeking counsel on their next moves in response to the stock market volatility following the general election results on Tuesday. These companies are looking for advice on the timing of their public listings even as they remain confident about India's macroeconomic prospects, founders, investors and investment bankers told us.

  • 06 Jun, 2024

Bajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO

Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.

  • 06 Jun, 2024

Magenta Lifecare IPO booked over 60x on Day 2; Sattrix Information's issue subscribed 2x

The initial public offering (IPO) of Magenta Lifecare has garnered subscription over 60 times as of Thursday, the second day of the bidding process. The subscription period for this IPO ends on June 7. In contrast, the IPO of Sattrix Information, which opened on the previous day, has received subdued subscription, standing at just over 2 times as of the second day of the bidding process.

  • 06 Jun, 2024

Kronox Lab IPO: Share allotment expected today. Here's how to check status

The share allotment of Kronox Lab IPO, expected today, will be done on a lottery basis. Investors can check their allotment status on the BSE or registrar's website. Ixigo plans to launch its IPO on June 10. Kronox Lab is commanding a premium of Rs 50 in the unlisted market. The issue received overwhelming response from investors.

  • 05 Jun, 2024

Kronox Lab Sciences IPO booked 118x on last day. Check GMP and other details

On Wednesday, the final day of the bidding process, the initial public offer (IPO) of Kronox Lab Sciences witnessed a subscription rate of nearly 118 times, fueled by strong demand from non-institutional investors. This particular category was oversubscribed by an impressive 302 times.

  • 04 Jun, 2024

Ixigo to launch its IPO on June 10. Check key details

The IPO comprises fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes.

  • 04 Jun, 2024

A dozen consumer companies line up IPOs amid a thriving stock market

India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.

  • 04 Jun, 2024

3C IT Solutions IPO opens today: Check issue size, price band, GMP and other details

The SME IPO of 3C IT Solutions will open today, aiming to raise Rs 11.44 crore. India's GII ranking improved to 40th position, making it a top offshoring destination for IT companies. Kreo Capital is the lead manager for the IPO.

  • 03 Jun, 2024

Kedaara-backed Ajax Engineering is said to plan India IPO

​The concrete equipment maker is planning its IPO in Mumbai in the fourth quarter, said sources A listing could value the company at $1.2 billion, and the company aims to file a prospectus for the share sale by August.

  • 03 Jun, 2024

Bill Ackman's Pershing Square sells 10% stake to raise $1.05 billion

Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said on Monday.

  • 03 Jun, 2024

Kronox Lab Sciences IPO booked 11x on strong demand from retail, NII investors

Overall, the Kronox Lab Sciences IPO was subscribed nearly 11 times, driven by strong interest from retail and non-institutional investors. In the unlisted market, the company's shares are trading with a premium of Rs 80.

  • 03 Jun, 2024

Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%

Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.

  • 03 Jun, 2024

Kronox Lab Sciences IPO opens for subscription. Should you bid?

Kronox Lab Sciences IPO, consisting solely of an offer for sale, presents potential for sustainable growth, with analysts recommending subscription. The issue, open until June 5, allocates 50% to QIBs, 15% to NIIs, and 35% to retail investors.

  • 02 Jun, 2024

Kronox Lab Sciences IPO opens on Monday. 10 things to know before subscribing to the issue

Kronox Lab Sciences plans to raise around Rs 130 crore from the issue. The IPO is completely an offer for sale of up to 97.5 lakh shares with no fresh issue component. The current GMP of the company is Rs 80 in the unlisted market.

  • 01 Jun, 2024

IPO Calendar: Primary market continues to remain vibrant with 2 new issues, 6 listings next week

Despite general election uncertainty, the primary market remains active with upcoming IPOs like Kronox Lab Sciences and Sattrix Information Security. Analysts foresee a wave of IPOs post-elections, driven by increased domestic capital, improved governance, and supportive government policies.

  • 01 Jun, 2024

India bankers brace for IPO surge as election uncertainty lifts

About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.

  • 31 May, 2024

Ackman's Pershing Square raising $1 billion, eyeing IPO: Report

​ Billionaire Bill Ackman's hedge fund Pershing Square Capital Management is finalizing a roughly $1-billion funding round with institutional investors and family offices as well as eyeing an initial public offering (IPO) in the future, a source familiar with the matter said on Friday.