IPO Financial News

Kotak Mahindra Investment Bank. Domestic corporates played a substantial role, with their deal contribution almost doubling to $48 billion in CY24, up from $26 billion last year. Notable deals include the merger of Viacom and Disney, Aster DM and Quality Care, and Bharti Group's acquisition of a stake in BT Group. After a brief slowdown last year, Indian conglomerates are driving significant activity across sectors, focusing on diversification and strategic expansion. Major M&A deals in CY24 include Adani Group's buyouts in industrials and infrastructure, Birla Group's acquisitions in industrials, and Reliance's acquisitions in TMT and infrastructure, it said.

EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE's Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor investors will open for a day on January 16, the company said in a statement. At the upper end of the price band, the company will raise about Rs 76.01 crore.

Aditya Birla Sun Life Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, Abu Dhabi Investment Authority, Nomura, Goldman Sachs, Al Mehwar Commercial Investments and Natixis Investment Managers, among others, have been allotted shares in the anchor round.

unicorn startups has reached $340 billion, with seven new startups crossing the $1-billion valuation mark in 2024, according to a report by venture capital firm Orios Venture Partners. India now ranks as the third-largest nation, after the US and China, for venture capital-backed tech initial public offerings (IPOs), the India Tech Unicorns & Exits 2024 report said. These IPOs have pushed the total market capitalisation of India’s listed tech firms to around $150 billion. However, the report revealed an increase in the average time for Indian startups to achieve unicorn status, rising from 5.5 years in 2023 to 11 years in 2024. Similarly, the average time to go public went up from 12.5 years to 13.4 years during that period.

Philippine fintech firm, has hired banks, including Citi, Jefferies and UBS, to work on an up to $1.5 billion domestic initial public offering, three sources with knowledge of the matter said, in what would be the country's biggest ever stock offering. The IPO is expected to take place as early as the second half of 2025 or in 2026, subject to broader market conditions, two of the sources said, declining to be named as the matter was private. If the listing goes ahead it would be Philippines' biggest ever, surpassing the $1 billion IPO of Philippine food company Monde Nissin in 2021.

Financial Services, the non-bank lending arm of HDFC Bank, is expected to soon launch a Rs 12,000-crore IPO. According to a report by Macquarie Capital, while the non-bank lender commands valuations similar to Bajaj Finance in the unlisted markets, its return on assets is 30% lower than Bajaj Finance. The company is a good bet based on its potential for an improvement in return on assets driven by margin expansion, and lower credit costs given its best-in-class underwriting standards, says the brokerage.

equity fundraising touched a record Rs 3.99 lakh crore in 2024, mainly driven by deluge of initial share sales (IPOs) as investor appetite remained robust throughout the year. Excluding the rights issues, the fundraising from equity was at Rs 3.73 crore, which is a massive 159% increase over the previous year period. According to primedatabase.com, 91 Indian companies raised Rs 1.59 lakh crore through the IPOs, which listed on both the exchanges. This is more than 3 times the amount mobilised by the companies in 2023. The year also saw the biggest IPO from Hyundai, which raised Rs 27,859 crore.

Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.

₹275 and ₹290 per equity share for its ₹290-crore initial public offering (IPO), which will be open until Thursday, January 9. On Monday, Quadrant Future Tek revealed that it had raised over ₹130 crore from anchor investors just a day before the public share sale commenced.

Davin Sons Retail will debut on the BSE SME platform on Thursday. Ahead of the listing, the company's shares were trading with a GMP of Rs 5 in the grey market. Considering the upper price band of Rs 60, the stock is expected to see a listing premium of 9% over the issue price.

Standard Glass Lining IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

markets are set to witness significant primary market activity, as Dr. Agarwal’s Health Care, a leading eye care services provider, and Casagrand Premier Builder, the largest residential developer in Chennai, have both received final approval from the Securities and Exchange Board of India (Sebi) to raise a combined Rs 1,400 crore through their initial public offerings (IPOs). Dr. Agarwal’s Health Care has received approval from Sebi for its IPO, which consists of a fresh issue of up to Rs 300 crore and an offer for sale (OFS) of over 6.96 crore equity shares by promoters and other selling shareholders. The funds raised will be utilized for repayment of borrowings and general corporate purposes. Filed with Sebi on September 27,the IPO will carry a face value of Re 1 per equity share, and a portion of the issue is reserved for eligible employees.

shares to nearly 1.31 crore shares. The initial public offerings (IPO) will conclude on January 15, while bidding for anchor investors is to open for a day January 10, the company said in a statement.

₹410.05 crore-worth Standard Glass Lining IPO comprises a fresh issuance of equity shares worth ₹210 crore and an offer-for-sale (OFS) of up to 1.43 crore equity shares by its promoters and other selling stakeholders. Standard Glass Lining IPO price band has been set at ₹133 to ₹140 per share. The equity shares of Standard Glass Lining Technology will be listed on BSE and NSE.

Subscribe to enjoy similar stories. Bengaluru: India-born and bred but US-incorporated Razorpay has been talking for two years about bringing its parent entity back to its roots. The fintech startup may now be among the earliest to take advantage of new rules that make it easier for companies to reverse-flip by merging a foreign parent with its Indian subsidiary.

At a general meeting held today (6 January), an overwhelming majority of votes (94.2%) were cast in favour of the voluntary liquidation of the trust. As a result, FRP Advisory Trading's Gareth Rutt Morris and Jonathan Dunn have been appointed joint liquidators of the trust. This morning, as part of the winding down process, Dunedin Enterprise was suspended from trading on the London Stock Exchange. London Stock Exchange suffers lowest IPO volume on record in 2024 However, as shareholders voted for voluntary liquidation, the trust will not seek to cancel its listing on the LSE on...

According to EY's report, there were just 18 IPOs on the main market and AIM last year, with eight of these coming in the final quarter of 2024. However, despite the low volumes of listings, the value of the IPOs significantly trumped the proceeds raised in 2023, with a 256% rise year-on-year from £953.7m to £3.4bn.  IPO activity predicted to return in 2025 as dealmakers turn increasingly bullish Most of this figure was raised by the IPO of French film producer and TV streaming service Canal +, which contributed £2.6bn to the £3.4bn total, marking the largest debut on the LSE since...

Fabtech Technologies was fully subscribed on Monday, with overall subscriptions of 94.08 times by 1:02 PM on the second day of bidding. The company aims to raise Rs 28 crore through the SME IPO, with shares set to list on the BSE SME platform. The retail portion of the issue was subscribed 158.99 times, while the non-institutional investors category was subscribed 70.93 times on the second day of bidding. Meanwhile, the allocation for qualified institutional bidders was booked 3.75 times.

Swiggy and Flipkart, is looking to take public more startups from its portfolio this year, partners at the India office of the US-based venture fund told ET. Accel closed its eighth India-focused fund of $650 million, boosting total commitments in the country to $3 billion.

Nifty50 settled at 24,004.75, falling by 183.90 points or 0.76%.