scorecardresearch
IPO Corner

IPO Corner

  Around 58 per cent of the amount, or Rs 20,557 crore, was alone raised by Life Insurance Corporation (LIC) earlier this year. It was followed by Delhivery (Rs 5,235 crore) and Rainbow Children's (Rs 1,581 crore).

IPO fundraising falls 32% YoY during April-September 2022; what's next?

Sep 29, 2022

The amount raised is 32 per cent lower than Rs 51,979 crore raised through 25 IPOs in the corresponding period of 2021-22.

Volkswagen has said the market's volatility was precisely why fund managers with money to invest were sorely in need of a stable and attractive stock like Porsche AG.

Porsche to debut amid market tumult in historic IPO

Sep 29, 2022

Books closed on Wednesday with a final price of 82.50 euros, the carmaker said, at the top end of the 76.50-82.50 euro range it announced earlier this month.

Electronics Mart India operates 89 MBOs under the name 'Bajaj Electronics' in Andhra and Telangana.

Electronics Mart IPO to open next week, price band fixed at Rs 56-59

Sep 28, 2022

Electronics Mart IPO: Electronics Mart expects to raise around Rs 500 crore through the fresh issue with a face value of Rs 10 each. As on August 31, 2022, it had 112 stores across 36 cities, out of which, 100 stores are multi-brand outlets (MBO) and 12 stores are exclusive brand outlets.

Chinese EV maker Leapmotor’s IPO obviates big leap of faith (Photo: Reuters)

Chinese EV maker Leapmotor’s IPO obviates big leap of faith

Sep 27, 2022

The $800 million offering values the company at $7 billion. That implies a forward price-to-sales multiple of three times similar to a basket of peers including Nio and Xpeng and assumes it continues to grow its top line at the same pace as last year.

Electronics Mart India IPO: Anand Rathi Securities, IIFL Securities and JM Financial Consultants are the lead managers of the IPO. KFin Technologies Limited is the registrar to the IPO.

Electronics Mart India IPO: Check issue size, open date, allotment and other details

Sep 27, 2022

Electronics Mart India IPO: The shares will be allotted on October 12 and initiation of refunds will be carried out on next day. They are likely to be listed on October 17 on BSE and NSE.

Harsha Engineers IPO got oversubscribed by 74.70 times.

Harsha Engineers shares to list on September 26; here's what to expect

Sep 23, 2022

Harsha Engineers had fixed a price band of Rs 314-330 for the IPO. The quota reserved for qualified institutional buyers got oversubscribed 178.26 times. Likewise, the portion reserved for non-institutional investors and retail individual investors also got oversubscribed by 71.72 times and 17.63 times, respectively.

Shares of Harsha Engineers are likely to be listed at the exchanges on September 26.

Harsha Engineers IPO share allotment today: Here's how to check status

Sep 21, 2022

Harsha Engineers IPO: Market participants suggested that Harsha Engineers IPO grey market premium (GMP) is around Rs 200. This implies that the grey market is expecting the lender to list around Rs 530 (Rs 330 + Rs 200), which is more than 60 per cent to the IPO's upper band price of Rs 330 per equity share.

Proceeds from the fresh issuance were to be utilised for the augmentation of the company's capital base and maintenance of solvency levels and general corporate purposes.

Go Digit IPO: Cross investments in similar businesses may be a concern for Sebi

Sep 21, 2022

The insurer filed a draft prospectus for its initial public offering (IPO) in August comprising a fresh issue of Rs 1,250 crore and an offer for sale (OFS) of more than 10.94 crore equity shares.

Harsha Engineers IPO grey market premium (GMP) stood at Rs 240 on September 20. It implies that the grey market expects the lender to list around Rs 570 (Rs 330 plus Rs 240).

Harsha Engineers IPO share allotment: Check GMP, listing date, subscription and more

Sep 20, 2022

Harsha Engineers IPO: The IPO was open from September 14 to September 16. The issue was subscribed 74.70 times on the last day. The IPO received bids for 1,25,96,90,175 shares against 1,68,63,795 shares on offer.

LE Travenues Technology (IXIGO), One Mobikwik Systems, India1 Payments, Waaree Energies, Imagine Marketing, Vikran Solar and Keventer Agro may also launch their IPOs in the coming months.

70 firms have SEBI approval to float IPOs worth over Rs 1 lakh crore; check key names here

Sep 19, 2022

Amid the ongoing volatility in the domestic equity markets, more than 20 IPOs have already raised nearly Rs 40,000 crore from the capital market in the ongoing calendar year till date.

The IPO size is expected to be approximately Rs 5,500 crore that may turn out to be the one of the largest ever issued by a domestic pharmaceutical company.

Manforce condom maker Mankind Pharma files papers for IPO; Check details here

Sep 16, 2022

The IPO size is expected to be approximately Rs 5,500 crore that may turn out to be the one of the largest ever issued by a domestic pharmaceutical company.

Patanjali Ayurved is owned by Baba Ramdev.

Patanjali Group plans to float 4 IPOs in next five years

Sep 16, 2022

Patanjali Group IPO Plan: Earlier this year, Baba Ramdev-owned Patanjali Ayurved divested its food retail business to group company Ruchi Soya Industries Ltd last month for Rs 690 crore. Through its follow-on public offer (FPO), Ruchi Soya collected Rs 4,300 crore, to clear its bank and long-term borrowings.

 The public offer has received bids for 17,45,50,545 shares against 1,68,63,795 shares offered by the company, at a price band of Rs 314-330, according to the data available on the stock exchanges.

Harsha Engineers IPO subscribed 10.35 times on Day 2; retail portion booked over 9x

Sep 15, 2022

Harsha Engineers IPO: The public offer has received bids for 17,45,50,545 shares against 1,68,63,795 shares offered by the company, at a price band of Rs 314-330, according to the data available on the stock exchanges. The IPO will close on September 16.

Harsha Engineers has fixed the IPO price band at Rs 314-330 per share for the Rs 755 crore initial share offer.

Harsha Engineers IPO to open on September 14: Grey market premium, price band and more

Sep 09, 2022

This is Harsha Engineers' second attempt to go public. It had filed its draft papers with the regulator in August 2018 but later shelved the proposal due to the IL&FS crisis, which shook the NBFC (non-banking financial company) sector.

Tamilnad Mercantile Bank IPO: The public issue, which would conclude today, opened for subscription on September 5.

Tamilnad Mercantile Bank IPO: Issue oversubscribed 1.77 times so far on final day of bidding

Sep 07, 2022

Tamilnad Mercantile Bank IPO: All of the six foreign shareholders -- Robert & Ardis James Company (4.95 per cent), Starship Equity Holdings (4.72 per cent), Subcontinental Equities (4.64 per cent), East River Holdings (3.72 per cent), Swiss Re Investors Mauritius (1.90 per cent) and FI Invest Mauritius (1.48 per cent) -- would have to retain their holdings for the next six months after the IPO.

The stock got listed at Rs 505 on the BSE index, a premium of 54.91 per cent against the issue price of Rs 326 (upper band).

Dreamfolks shares make strong debut at exchanges, list at 55% premium to issue price

Sep 06, 2022

Dreamfolks' initial public offering (IPO) garnered a strong investor response and was subscribed 56.68 times times on the last day of subscription on August 26.

Many of the early backers of companies started looking at the stock markets as an attractive exit option for their financial investments.

From Paytm to Nykaa, slew of IPOs are happening but who's exactly making money?

Sep 05, 2022

The last few years have seen the share of offer for sale portion in a public issue go up that clearly shows that promoters along with institutional investors like PE/VCs are making a lucrative exit even as retail investors might be taking a hit

Tamilnad Mercantile Bank has fixed a price band of Rs 500- Rs 525 for the ongoing public offer, which will close on September 7, 2022.

Tamilnad Mercantile Bank IPO: Should you subscribe to the issue?

Sep 05, 2022

Tamilnad Mercantile Bank IPO: The public offer got subscribed 6 per cent on the first day of the offer till 12.08 pm. The public offer has received bids for 5,49,388 shares so far against 87,12,000 shares offered by the bank.

Dreamfolks Services IPO: The issue, which was open for subscription from August 24 to August 26, got a robust response from investors with an oversubscription of 56.68 times. The company had fixed a price band of Rs 308 to Rs 326.

Dreamfolks Services IPO: Grey market premium 32% over issue price of Rs 326

Sep 05, 2022

According to IPOWatch.in, the grey market premium for Dreamfolks was around 105, or 32 per cent, over the issue price of Rs 326.

Tamilnad Mercantile Bank has mobilised over Rs 363 crore from anchor investors.

Tamilnad Mercantile Bank IPO opens today: Price band, grey market premium, more

Sep 05, 2022

Tamilnad Mercantile Bank has fixed the IPO price band at Rs 500-525 per share for the Rs 832 crore public offer. The bank would be issuing 1.58 crore new equity shares of Rs 10 face value in the IPO, nearly 10 per cent of its equity shares.

Upcoming IPO Tamilnad Mercantile Bank: The private lender's IPO would open between September 5 and September 7.

IPO of this 101-year-old bank: SAT hurdle, grey market premium, price band & more

Sep 02, 2022

The private lender has fixed the IPO price band at Rs 500-525 per share for the Rs 832 crore initial share offer that would open between September 5 and September 7.