StoxMaster is India's fastest growing online stock market training academy.
StoxMaster is India's fastest growing online stock market training academy.
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.
"A lot of HNIs and retail investors had subscribed to the FPO with an arbitrage point of view," said Jimeet Modi, founder, Samco Securities. "They have locked their gains and booked profits and moved on from the company."
FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells baby products, including clothes, diapers and toys, seeking to tap the market for new parents in the world's most populous country.
The IPO comprised fresh equity of up to Rs 300 crore and an offer for sale of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
Swiggy plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million)
​The Reserve Bank has notified amendments to the FEMA regulations related to purchases of shares of Indian companies on international exchanges. The central bank has also notified the amendments to Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations.
The IPO could hit the market by the end of 2024. Separately, the conglomerate is also considering transferring some of its non-core assets to Tata Capital. The Tata Group is planning to bring about an IPO to restructure operations and make the company public.
JNK India IPO: The offer reserves 50% for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. The net proceeds will be allocated towards fulfilling working capital needs and other general corporate purposes.
The Rs 18,000 crore FPO, which is the largest India has seen so far, received decent from investors overall, but most of the heavy listing was done by institutional and non-institutional investors.
Vodafone Idea FPO allotment done. Investors can check status on BSE or Link Intime India. VI plans 5G rollout soon, but analysts cautious on market share gains. Govt stake concerns may limit upside.
Awfis Space, a Delhi-based provider of flexible workspace solutions, will raise ₹160 crore through a fresh issue and an OFS of about one crore shares.
The company also plans to expand its manufacturing and R&D efforts, after starting to design its devices in-house. It is part of the government's production-linked incentive scheme, but has failed to qualify for incentives for the first two years of the scheme.
RCRS Innovations intends to utilise net proceeds from the offering to meet its working capital requirement and expand its battery manufacturing capacity.
The SME IPO of Emmforce Autotech will open for subscription on Wednesday and will close on April 25. The company aims to raise nearly Rs 54 crore through the SME IPO and list the shares on the BSE SME platform.
TBO Tek, a prominent travel distribution platform, has obtained approval from Sebi to raise funds through an IPO. The offering comprises fresh equity worth Rs 400 crore and an offer for sale of up to 1.56 crore shares.
JNK India received steady response so far on first day. The category reserved for institutional investors was booked the most at 67%, followed by retail investors at 34% and non-institutional investors at 9%.
Awfis Space Solutions IPO will include a fresh issue of up to Rs 133.4 crore and an offer for sale of nearly 1 crore equity shares, including shares from Peak XV Partners Investments V, Bisque Limited, and Link Investment Trust.
Awfis had filed its Draft Red Herring Prospectus (DRHP) in December 2023.
JNK India IPO GMP, Price Band: JNK India IPO to open for Rs 650 crore with fresh equity and offer for sale. Reserved quotas. Anand Rathi advises subscription. Market cap post issue, price band set. Proceeds for working capital.
The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids for 4.5 times the shares set aside for them. The retail segment was fully subscribed. The offer had opened on April 18. The FPO is part of a broader ₹45,000 crore funding programme that's key to the company's survival.
The company’s order book has grown six-fold in the past three fiscal years. The company's order bid size has consistently expanded, which has helped in winning large orders.
Ahead of the offer opening, Vi raised over Rs 5,000 crore from nearly 60 anchor investors, making it the third-largest anchor book after One 97 Communications and Life Insurance Corporation.
Vodafone Idea FPO: Rajiv Jain's GQG Partners, which had invested nearly Rs 1,350 crore in Vi’s anchor book, continued to invest in the FPO. Additionally, several other foreign institutional investors, such as Capital Group and Fidelity Investments, subscribed to the issue, according to banking sources.
Premier Energies IPO consists of a fresh issue of equity shares aggregating up to Rs 1500 crore and an Offer for Sale (OFS) of up to 2,82,00,000 shares by the selling shareholders.
Next week's primary market features the mainboard IPO of JNK India and three SME public offers. Despite a slow start to the fiscal year, analysts are optimistic about upcoming public issues, citing increased domestic capital, improved governance, Indian entrepreneurship, and supportive government policies. Additionally, four listings are anticipated, including Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent, and Faalcon Concepts.
Sanathan Textiles plans an Rs 800 crore IPO with equity and OFS. DRHP includes pre-IPO placement details. Operates polyester, cotton, and technical yarn divisions, set to list on BSE and NSE.
Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18,000 crore follow-on offering (FPO) on Friday picked up momentum with close to half of the issue being subscribed, largely by institutional investors.
SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matter is confidential.
If Tata Sons reorganises debt by repaying borrowing or transferring the holding in Tata Capital to another entity, it may get deregistered as a core investment company (CIC) and upper-layer NBFC.
Auto components maker Emmforce AutoTech Ltd on Friday said it will raise Rs 54 crore through its initial share sale opening for public subscription on April 23.
Vodafone Idea's FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
Faalcon Concepts SME IPO: The category reserved for NII investors was booked 40%, while that of retail investors was booked 1.3X. The issue closes on April 23. About 50% of the offer is reserved for retail investors and remaining 50% for other investors.
Faalcon Concepts SME IPO on BSE opens today aiming to raise Rs 12 crore. Shares priced at Rs 62 each. Revenue: Rs 12.46 crore; Net Profit: Rs 1.31 crore. Proceeds for capex and working capital.
The QIB portion was subscribed 61% on the opening day, marking a promising start. Typically, QIBs tend to bid on the final day of the offer. The majority of bids in the QIB portion came from foreign institutional investors (FIIs).
Vodafone Idea's FPO had a 26% subscription rate. Vi raised Rs 5,000 crore from 60 anchor investors. Analysts warn about profitability uncertainty and caution retail investors. The company aims to enhance its network infrastructure and roll out 5G services.
The issue closes on April 25 and the anchor investors' allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services' public offer was subscribed 8 times so far
The public offering, which closes on April 22, has been priced in the band of ₹10-11 apiece, which is 17-29% below the stock's Tuesday closing price of ₹12.9. Financial markets were shut on Wednesday for Ram Navami.
Vodafone Idea plans an Rs 18,000 crore FPO on April 18, attracting GQG Partners with $300-400 million bids. Analysts cautious due to profit concerns, low listing expectations, capex needs, 5G delay, and industry challenges.
According to sources, institutions such as GQG Partners, UBS, Morgan Stanley Investment Management, AustralianSuper, Fidelity, and domestic mutual funds like Quant and Motilal Oswal were among those that subscribed to the telecom operator's anchor book. Sources indicate that over 70% of the anchor investors are foreign institutions.
JNK India IPO comprises fresh equity of up to Rs 300 crore and an OFS of up to Rs 84.2 lakh worth of shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
GQG will place bids for equity worth at least $300 million and as much as $400 million in a follow-on public offer being floated by the joint venture between Vodafone Group Plc and the Aditya Birla Group, said people familiar with the discussions who did not want to identified as the information is not public. Other institutional investors are also expected to buy into the sale, they added.
In the unlisted market, Ramdevbaba Solvent shares are trading with a GMP of Rs 20. This compares with an offer price of Rs 80 apiece. On the other hand, Grill Splendour's shares are currently commanding a GMP of Rs 8 in the unlisted market as against an offer price of Rs 120 per share.
According to the draft papers, the company’s initial public offering comprises a fresh issuance of 45,84,000 equity shares, each with a face value of Rs 10.
DGC Cables and Wires IPO listed on NSE SME platform with 10% discount. Manufacturer of copper products for transformers. Oversubscribed 16x. Offers fiber glass-covered copper strips, submersible wires.
Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
Vodafone Idea owes over Rs 2 lakh crore debt to the government, with a large part of it under moratorium until 1HFY26. Post the equity fund-raise, govt shareholding will fall to 24% from 32%.
In the unlisted market, Ramdevbaba Solvent shares are trading with a GMP of Rs 20. This compares with an offer price of Rs 80 apiece. Choice Capital Advisors is acting as the lead manager to the issue and Bigshare Services is the registrar.
:Ramdevbaba Solvent's SME IPO opens today to raise Rs 50 crore through fresh equity. Price band Rs 80-85. Business involves selling physically refined rice bran oil. Subscription period until April 18.
The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.
Copyright © 2024 Stox Master All Rights Reserved
