IPO

LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%

The corporation has made provisions to the tune of Rs 37,341.6 crore, of which Rs 34,934.97 crore is towards doubtful, sub-standard, and loss assets.
LIC IPO

Tega Industries IPO subscribed 218.91 times so far on last day of subscription

The initial public offer was of up to 1,36,69,478 equity shares and had a price range of Rs 443-453 a share.

The IPO received bids for 2,09,46,77,244 shares against 95,68,636 shares on offer, according to data with the exchanges till 16:18 hours.

Specialty chemical firm Aether Industries plans to file up to Rs 1,000-crore IPO next week

The company's operating revenue grew to Rs 450.23 crore in FY21, from Rs 301.87 crore in FY20, and its net profit climbed 75 per cent to Rs 71 crore in FY 21, from Rs 39.6 crore.

aether IPO

Anand Rathi IPO subscribed nearly 3 times on day 2; check GMP, subscription status, other details here

Anand Rathi Wealth IPO saw great interest from investors on the first day of sale with strong interest from retail investors and Non-Institutional Investors (NII).

IPO

Star Health IPO subscribed 20% on Day 2

On the other hand, the recent initial public offering of Policybazaar was subscribed two times on the second day, Nykaa got subscribed 4.82 times, and that of ICICI Lombard in 2017, a listed peer of S

Furthermore, expensive valuations and pricing have cautioned investors, after Paytm's poor show in November, which led to huge losses on the accounts of retail investors.

Snapdeal to file DRHP in coming weeks, looks at Rs 1,870 crore IPO in H1 2022: Report

One of sources said the Snapdeal founders will not be selling shares as part of the IPO, and major shareholders are also expected to hold onto their shares

Snapdeal, Snapdeal IPO, Snapdeal IPO news, IPO news, Latest IPOs

IPO rush continues; 10 cos line up public issues worth Rs 10,000 cr in Dec

The IPO lane will continue to be busy in December as 10 companies have lined up initial share-sale plans worth more than Rs 10,000 crore, merchant banking sources said on Wednesday.

IPO-bound LIC asks its policyholders to update PAN for participation in public offer

"In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporation's records. Further subscribing to any public offering in I

LIC IPO

Tega Industries IPO opens today; Check issue price, GMP, analyst recommendation, other details here

Tega Industries is looking to raise funds in a fixed price band of Rs 443-453 per share through the public issue which is entirely an Offer for Sale (OFS) by existing shareholders of the firm.

RateGain Travel Technologies IPO to open on Dec 7; sets price band at Rs 405-425/share

The three-day initial public offering (IPO) of the travel and hospitality technology services provider will conclude on December 9.

IPO

Companies raise record Rs 36,720 cr in Nov via IPOs

During the previous IPO boom in November 2017, companies had raised ₹18,824 crore, while ₹18,242 crore was raised in August 2021, as per data from Prime Database. Paytm’s ₹18,300 crore IPO —

Companies have already raised more than ₹1 lakh crore in the calendar year so far and the pipeline will continue to be strong in the long run despite some headwinds in the near term.

Anand Rathi Wealth IPO to open on Dec 2; sets price band at Rs 530-550 per share

Earlier in September 2018, the company had filed draft papers with Sebi to raise Rs 425 crore through an IPO. However, the firm later withdrew its proposed public issue.

Gemini Edibles, Data Patterns, MapMyIndia among 10 cos to get Sebi’s go ahead to float IPOs

The IPO of MapMyIndia, which powers Apple maps, is entirely an offer for sale of up to 75,47,959 equity shares by existing shareholders and promoter.

Rakesh Jhunjhunwala-backed Star Health IPO opens tomorrow; GMP evaporates, should you subscribe?

Rakesh Jhunjhunwala-backed Star Health and Allied Insurance IPO will open for subscription tomorrow as the company looks to raise Rs 7,249 crore from investors.

Rakesh Jhunjhunwala IPO

Two IPOs to hit market next week to raise Rs 7,868 crore

The three-day initial share-sale of Star Health will open on November 30 and conclude on December 2, while that of Tega Industries will be open for public subscription during December 1-3.

IPO

Tega Industries sets price band at Rs 443-453 for Rs 619-crore IPO

Currently, the promoters hold an 83.21% stake, while Wagner holds 14.62%. Post-Issue, the promoters' stake will come down to 77.21%, the management said in a press conference on Friday.

As of FY21, revenues from operations stood at Rs 856.68 crore, against Rs 643.01 crore in the previous year. Net profit during the same period was Rs 136.40 crore.

Tega Industries sets IPO price band at Rs 443-453/share

As a part of the offer for sale, promoters Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares.

tega industries IPO

Tega Industries’ IPO to open on December 1

Kolkata-based Tega Industries offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining, and bulk solids handling industry.

IPO news

Star Health’s Rs 7,249-crore IPO hits market on November 30

Star Health's public offer will be the third-largest in 2021. Earlier this year, Paytm and Zomato successfully raised Rs 18,300 crore and Rs 9,375 crore, respectively.

The offer comprises a fresh issue of shares worth Rs 2,000 crore and an offer-for-sale (OFS) of up to 5.83 crore shares by existing promoters and shareholders, aggregating up to Rs 5,249.18 crore.

Rakesh Jhunjhunwala owned Star Health Insurance IPO to open Nov 30; check issue size, price, other details

According to the RHP filed by the company, the IPO will include a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale (OFS) by existing shareholders of the company worth Rs 5,249 c

Rakesh Jhunjhunwala

Size of issue, lack of support from i-banks haunt Paytm post listing

Even though some expensive public issues have fared well in recent times, sky-high valuations and absence of positive cash-flows/profits are now coming under scrutiny.

Sources claim that investment bankers could not mobilise support for the stock on listing day.

MedPlus Health Services, RateGain, 4 other cos get Sebi approval for IPOs

These six companies obtained observations letter from the regulator during Nov 16-18, an update with the markets watchdog showed on Monday

Jesons Industries files draft IPO papers with Sebi; aims to raise to raise Rs 900 crore

The company has a strong foothold in high-growth markets across Asia-Pacific, the Middle East and Africa, for both SCE and PSA products.

Go Fashion IPO subscribed 6.87 times on second day of subscription

Go Fashion (India) Ltd on Tuesday raised a little over Rs 456 crore from anchor investors.

IPO news
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