IPO Financial News

₹2 per share, according to the addendum filed with SEBI. Tata Motors will sell up to 8.11 crore shares through an offer for sale as part of the Tata Tech IPO, Alpha TC will sell up to 9.71 crore shares, and Tata Capital Growth Fund I will offer up to 48.58 lakh shares.

Valiant Laboratories IPO: Listing date of the initial public offering (IPO) Valiant Laboratories Limited has been fixed on 6th October 2023 i.e. today.

IPO pipeline is showing no signs of drying up with ten companies filing their draft red herring prospectuses (DRHP) with the capital markets regulator on the last day of September. This brought the total number of filings for the month to 22, the second-highest monthly count in nearly two decades.

Bankers are resigned to another year of weak bonuses as a global glut in deal making across mergers and acquisitions and capital markets slims fees at investment banks.

The VetPartners auction is nearing the end of its very short lifespan.

₹1.5 lakh under section 80C of the Income Tax Act. “We also bought a term plan, started a systemic investment plan (SIP) in mutual funds (MFs) and invested in gold monetization schemes with jewellers. The SIP, though, was started with our bank accounts," she says.

Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people privy to the development told ET. «There has been a lot of movement in the discussions between the two companies in the past few weeks,» one of the people said. The Singapore government-owned company wants to sell its stake at a valuation of over $1 billion, another person said. This is far less than the $2 billion valuation that another stakeholder, Walt Disney Co, was eyeing in 2021. «At one point, the Tata Play shareholders were looking at a valuation of close to $3 billion,» this person added. Temasek said it does not comment on market speculation.

Mumbai: Indian payments service provider Mobikwik expects to report full year profits at the end of FY24, as it becomes IPO (initial public offering) ready, co-founder and chief operating officer Upasana Taku said in an interview on Thursday. Mobikwik (operated by One Mobikwik Systems Pvt Ltd) reported its half-year revenues at ₹385 crore for H1 FY24 and ₹8 crore of profit after tax on Thursday. “We have grown 58% in revenues over what we did last year at this time.

Oyo Hotels is in talks with Apollo Global Management to refinance a $660 million loan as the once-high-flying startup seeks more time to cut debt following a delay in its initial public offering, according to people with knowledge of the matter. Oravel Stays Pvt, as Oyo’s parent company is known, is seeking to extend maturity to five years compared with the existing 2026 deadline, one of the people said, asking not to be named as the negotiations are private. A decision could be reached as early as next month, another person said. The discussions with Apollo come after the Softbank Group Corp.-backed firm reported its first ever annual profit, and Fitch Ratings sees earnings improving as travel recovers.

Our future looks increasingly robotic—whether we like it or not. But the investment craze in robotics stocks may already be getting ahead of itself. The latest example: South Korea’s Doosan Robotics, whose shares nearly doubled in value on their first day of trading Thursday.

Norway’s oil and gas is helping to fuel the nascent recovery in US initial public offerings.

₹26,300 crore through main board IPOs, a drop of 26% from the ₹35,456 crore raised by 14 IPOs during the same time in 2022–23, according to Prime Database Group's report. However, IPO mobilisation climbed significantly from the previous year by a whopping 76%, excluding LIC IPO that was launched last year, said Prime Database in its report.

Polymatech Electronics, India’s first opto-semiconductor chip manufacturer, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an initial public offering (IPO). According to the draft papers, the company’s offering comprises a fresh issue of equity shares (face value Rs 10 each), aggregating to an issue size of up to Rs 750 crore, through book building route. There will be no offer-for-sale component. Polymatech Electronics proposes to utilise its net proceeds from the issue to purchase new machinery to enhance its existing facility at Oragadam, Kancheepuram, Tamil Nadu. Headquartered in Chennai, Polymatech commenced its journey of designing and producing opto-semiconductor chips in 2019, using the latest European and Japanese technologies. The company is led by Eswara Rao Nandam, Managing Director and an alum of BITS Pilani, with more than three decades of experience in the manufacturing and assembling sectors in electronic components, automobile components, personal electronics and robotics. The company designs, develops, tests and manufactures its opto-semiconductor chips in-house at its state-of-the-art facility located at Oragadam, Kancheepuram, Tamil Nadu.

₹67 per share, nearly 13.55% higher than the issue price of ₹59. Inspire Films IPO price band was set in the range of ₹56 to ₹59 per equity share of face value of ₹10 each.

₹71 per share, 51% higher than the issue price of ₹47. NewJaisa IPO price band was set in the range of ₹44 to ₹47 per equity share of face value of ₹5 each.

Manappuram Finance has filed Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) on October 5, the company informed the exchanges. The proposed initial public offering (IPO) of equity shares would be undertaken at face value of ₹10 each, comprising fresh issue up to ₹1,500 crore, the release added. Also Read: Kerala High Court negates FIR against Manappuram Finance CEO VP Nandakumar in money laundering case Founded in 2008 by SV Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for ₹48.63 crore.

Data centre giant AirTrunk has tapped Goldman Sachs and Macquarie Capital as lead managers on its potential initial public offering.

Plaza Wires IPO: The initial public offering (IPO) of Plaza Wires Limited opened for subscribers on 29th September 2023 and it is going to end on 5th October 2023. This means, today is the last date to apply for this public issue proposed for listing on BSE and NSE.

Perth-based Canadian lithium junior Winsome Resources is in the market for its second multi-million capital raising this year, Street Talk understands.

Morgan Stanley and Perella Weinberg Partners, and they concluded that an IPO was the best option for the IoT business, the company said. The Internet of Things market is focused on infusing online capabilities and sensors into appliances, cars and everyday items.

Get ready for the return of mystery Chinese bidders. Herbert Smith Freehills is forecasting a pickup of Asian interest in Australia’s public companies after the region’s bidders deserted the local deals landscape in the last 12 months.