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.

  • 23 Apr, 2024

Lava International plans to raise Rs 600 cr via IPO in FY26

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.

  • 23 Apr, 2024

RCRS Innovations files draft papers with NSE Emerge to raise funds via IPO

RCRS Innovations intends to utilise net proceeds from the offering to meet its working capital requirement and expand its battery manufacturing capacity.

  • 23 Apr, 2024

BofA among anchor investors in Emmforce Autotech IPO. All you need to know about Rs 54 cr offer

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.

  • 23 Apr, 2024

TBO Tek gets Sebi approval to raise funds through an IPO

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.

  • 23 Apr, 2024

JNK India IPO sees steady response so far on Day 1. Check subscription, GMP and other details

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%.

  • 23 Apr, 2024

Awfis Space Solutions receives SEBI nod for IPO launch

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.

  • 23 Apr, 2024

Flexible office operator Awfis gets SEBI nod for IPO

Awfis had filed its Draft Red Herring Prospectus (DRHP) in December 2023.

  • 23 Apr, 2024

JNK India IPO opens for subscription. Should you bid?

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.

  • 23 Apr, 2024

Dial Vi for victory: Cash-strapped telco pulls off biggest FPO

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.

  • 22 Apr, 2024

Niche focus, robust orders make JNK India a better long-term bet

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.

  • 22 Apr, 2024

Vodafone Idea FPO subscribed 6.5x at close as investors make last minute calls

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.

  • 22 Apr, 2024

Vodafone Idea’s Rs 18,000 crore FPO fully subscribed on last day

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.

  • 20 Apr, 2024

Solar cell maker Premier Energies files IPO papers to raise more than Rs 1,500 crore

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.

  • 20 Apr, 2024

IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

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.

  • 19 Apr, 2024

Yarn manufacturer Sanathan Textiles files for Rs 800 cr IPO papers with Sebi

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.

  • 19 Apr, 2024

Vodafone Idea FPO picks momentum as institutional investors pour money

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.

  • 19 Apr, 2024

Ola Cabs plans $500 million IPO, to appoint banks soon: Report

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.

  • 19 Apr, 2024

Tata Group seeks waiver from RBI to avoid Tata Sons IPO: Report

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.

  • 19 Apr, 2024

Emmforce AutoTech's Rs 54-cr IPO to open on Apr 23; sets price band at Rs 93-98/share

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.

  • 19 Apr, 2024

Vodafone Idea FPO sees sluggish response even on Day 2. Check subscription and other details

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.

  • 19 Apr, 2024

Faalcon Concepts IPO booked 89% so far on Day 1. Check GMP and other details

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.

  • 19 Apr, 2024

Faalcon Concepts IPO opens today. Check issue size, price band, GMP and other details

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.

  • 19 Apr, 2024

Vodafone Idea FPO subscribed 26% on Day 1

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).

  • 18 Apr, 2024

Vodafone Idea gets muted response for its Rs 18,000 crore FPO on Day 1

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.

  • 18 Apr, 2024

JNK India announces price band for its IPO. Check details

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.

  • 18 Apr, 2024

After over 700x subscription, here's how you can check Greenhitech Ventures IPO allotment status

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.

  • 18 Apr, 2024

Ramdevbaba Solvent IPO booked 36 times on last day; Grill Splendour's issue subscribed 8 times

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

  • 17 Apr, 2024

Vodafone Idea FPO opens: Should you apply for Rs 18,000 crore offer?

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.

  • 17 Apr, 2024

Vodafone Idea's Rs 18,000 cr FPO may attract big investors. Is it worth your money?

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.

  • 16 Apr, 2024

Vodafone Idea raised Rs 5,400 crore from nearly 60 anchor investors

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.

  • 16 Apr, 2024

Heating equipment company JNK India announces IPO launch on April 22. Check details

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.

  • 16 Apr, 2024

GQG said to invest around $400 million in ailing Vodafone Idea

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.

  • 16 Apr, 2024

Ramdevbaba Solvent IPO booked 6.47x on Day 2; Grill Splendour's issue fully subscribed

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.

  • 16 Apr, 2024

Nephro Care India files DRHP to raise funds via IPO

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.

  • 16 Apr, 2024

DGC Cables and Wires stock debuts with 10% discount on NSE SME platform

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.

  • 15 Apr, 2024

Deepak Builders & Engineers files draft papers with Sebi to raise funds via IPO

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.

  • 15 Apr, 2024

Vodafone Idea FPO: 5 things to know about India's largest Rs 18,000 crore FPO

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%.

  • 15 Apr, 2024

Ramdevbaba Solvent IPO fully booked on Day 1; Grill Splendour's issue subscribed 80% so far

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.

  • 15 Apr, 2024

Ramdevbaba Solvent IPO opens today: Check issue size, price band, GMP and other details

: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.

  • 14 Apr, 2024

Carlyle picks JPMorgan and Kotak to help arrange Hexaware IPO: Report

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.

  • 14 Apr, 2024

Grill Splendour Services IPO opens Monday. All you need to know before subscribing

The company aims to raise about Rs 16.47 crore through the SME IPO and list the shares on the NSE SME platform. Ahead of the issue opening, Grill Splendour Services shares are trading with a GMP of Rs 8 in the unlisted market

  • 13 Apr, 2024

IPO Calendar: 2 new issues, 2 listings on investors' radar for next week

Despite a bit of a lull at the start of the new financial year, analysts are overly optimistic about the initial share sales in the lineup for the rest of the year.

  • 12 Apr, 2024

Greenhitech Ventures IPO sees robust response on Day 1. Check subscription, GMP and other details

Greenhitech Ventures shares are trading with a GMP of Rs 15 in the unlisted market. This compares with an offer price of Rs 50 apiece, indicating healthy gains for investors on debut if the trends sustain.

  • 12 Apr, 2024

DCG Cables and Wires IPO allotment likely today: check status, listing date, GMP and other details

The allotment for the SME IPO of DCG Cables & Wires will be finalised later on Friday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

  • 12 Apr, 2024

Teerth Gopicon IPO allotment expected today: Check status, listing date, GMP and other details

​The allotment for the SME IPO of Teerth Gopicon will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

  • 12 Apr, 2024

Greenhitech Ventures IPO opens today: Check issue size, price band, GMP and other details

Greenhitech Ventures IPO offers fresh equity shares to raise Rs 6.3 crore for trading petroleum products. Investors must consider key details like biodiesel, light density oils, and Ethanol manufacturing operations before subscribing.

  • 12 Apr, 2024

Voda Idea FPO to open April 18, close April 22, prices it at Rs10-11

"Approving the Floor Price of the Offer to be Rs10/- per Equity Share; b. Approving the Cap Price of the Offer to be Rs11/-; per Equity Share; and c. A minimum bid lot of 1,298 Equity Shares and in the multiples of 1,298 Equity Shares thereafter," the company said in a stock exchange notice.

  • 12 Apr, 2024

Vodafone Idea announces price band for Rs 18,000 crore FPO

Vodafone Idea FPO: Telecom operator announces Rs 18,000 crore FPO with shares priced at Rs 10-11. Vodafone shares dip 3% to Rs 12.51. Vi likely to report 4.5 million subscriber loss. ARPU set to rise 1.1%.

  • 11 Apr, 2024

NTPC Green finalises four investment banks for Rs 10,000 crore IPO: Report

NTPC Green Energy shortlists banks for a Rs 10,000 crore IPO, including IDBI Capital and HDFC Bank. The IPO aims for March 2025 with plans to add 4-5 GW renewable power capacity and focus on green energy projects.

  • 11 Apr, 2024

Bharti Hexacom GMP: Will there be a listing pop at the bourses tomorrow?

However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.