IPO Financial News

Arm Holdings’s Nasdaq debut was supposed to energize the anaemic initial public offerings (IPO) market in the US. But its roadshow, powered by more than two dozen investment banks, is looking like a hard sell. In their desperate attempt to earn fees and de-risk from Arm parent SoftBank Group Corp, bankers are getting investors worried.

Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday. SoftBank Group's Arm Holdings, which launched the roadshow last week, aims to raise up to $4.87 billion in its U.S. IPO, according to a regulatory filing. Arm has already signed up other major clients as cornerstone investors in its IPO, including Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung Electronics. TSMC's Chairman Mark Liu said last week that «Arm is an important element of our ecosystem, our technology and our customers' ecosystem.

₹135-142 apiece, which is at a sharp discount to the price at which the company had issued shares to one of its promoters last year. Yatra Online had sold shares worth ₹62.01 crore by way of a rights issue to THCL Travel Holding Cyprus Ltd., a promoter, as a pre-IPO placement on 10 December 2022 at an issue price of ₹236 apiece, the company said in a statement. Nasdaq-listed Yatra Online, Inc., founded by Dhruv Shringi, is the parent company of Yatra Online Ltd.

₹23 per equity share and the share will be listed on the NSE SME exchange Thursday, September 21. Jiwanram IPO, which is worth ₹17.07 crore, is completely a fresh issue of 74,22,000 equity share; there is no offer for sale (OFS) component. The face value of the equity shares is ₹10 each and the issue price is 2.30 times of the face value.

₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.

₹156 to ₹164 per equity share of face value of ₹1 each. Zaggle IPO lot size is 90 equity shares and in multiples of 90 equity shares thereafter.

Havells India Ltd, Polycab India Ltd, KEI Industries Ltd, Finolex Cables Ltd, V-Guard Industries Ltd, Crompton Greaves Consumer Electricals Ltd, Bajaj Electricals Ltd. On an FY23 basis, Havells India Ltd, Polycab India Ltd, KEI Industries Ltd, Finolex Cables Ltd, V-Guard Industries Ltd, Crompton Greaves Consumer Electricals Ltd, Bajaj Electricals Ltd are available at a PE of 79.49, 62.57, 49.72, 34.52, 72.37, 41.81 , and 62.50, respectively. "We are the fastest growing consumer electrical company among our peers in India, growing at a compound annual growth rate (CAGR) of 43.4% between Fiscal 2021 and Fiscal 2023," said the company in its RHP.

Investing.com -- U.S. stock futures decline after a spike in Tesla's (NASDAQ:TSLA) shares bolsters equities on Monday, as traders look ahead to the release of major economic data later in the week. Elsewhere, British chip designer Arm will reportedly stop taking orders for its much-anticipated initial public offering a day early due to solid investor demand, while Disney and Charter Communications reach a distribution deal to end a TV blackout that threatened to leave millions of households unable to tune in to the first «Monday Night Football» game of the season.

The category reserved for NIIs was subscribed the most at 54.69 times, followed by retail investors at 23.57 times. The QIB category was fully subscribed on the third day, after lagging for the first two days. According to market analysts, the company's shares are trading at a premium of Rs 120 in the unlisted market. The company has fixed a price band of Rs 200-211.

₹400 crore and an offer for sale (OFS) of up to 1.33 crore shares by a promoter and existing shareholders. Promoter Tangi Facility Solutions Private Ltd. will offload 66.5 lakh shares in the IPO and two private equity funds, India Business Excellence Fund-II and India Business Excellence Fund–IIA, will sell 13.3 lakh and 53.2 lakh shares, respectively.

IPO Subscription Status: EMS IPO was subscribed 23.02 times on day 3 so far. EMS IPO opened for subscription on Friday, September 8, and will close today (Tuesday, September 12). EMS IPO received positive response from non-institutional investors (NIIS) and retail investors on day 3.

₹146.24 crore and offer for sale (OFS) portion consists of 82,94,118 shares of ₹10, which aggregates to ₹175 crore sold by promoter selling shareholder Ramveer Singh. EMS IPO total issue size is ₹321.24 crores. EMS IPO has raised about ₹96.37 crore from anchor investors.

By Casey Hall

Kazakhstan Kassym-Jomart Tokayev recently delivered an address, titled “Economic Course of a Just Kazakhstan,” detailing ambitious plans for economic reforms and a fresh economic trajectory for the nation. Tokayev also outlined plans to establish Kazakhstan as a major transit hub in Eurasia, focusing on key routes like the Trans-Caspian and the International North-South Corridor that connects Russia with India. Tokayev outlined various facets of the national agenda, underscoring the key economic tasks facing the government.

Jupiter Hospital IPO: After closure of three days bidding, investors and market observers are eagerly waiting for Jupiter Hospital IPO allotment date, which is most likely on 13th September 2023 i.e on Wednesday. However, after announcement of share allocation, a bidder will be able to check Jupiter Hospital IPO allotment status online by logging in at BSE website or at the website of official registrar of the book build issue.

Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed. Since Arm, owned by Japan's SoftBank Group's, is not well-known among consumers, it is focusing its IPO marketing efforts on institutional investors, people familiar with the deal said.

KKR is investing another ₹2,069.5 crore through an affiliate in Reliance Retail Ventures (RRVL), holding company for the retail businesses of Reliance Industries (RIL). KKR's follow-on investment will translate into an additional equity stake of 0.25% in RRVL, according to a press release issued on Monday, which added that this takes the private equity giant's holding to 1.42%. This round of fundraising has increased RRVL's valuation to around ₹8.36 lakh crore, from ₹8.28 lakh crore, when Qatar Investment Authority invested ₹8,278 crore less than three weeks ago. RIL said this puts Reliance Retail Ventures on the list of the country's top four companies by equity value. ET on August 25 reported that Reliance Industries is likely to sell a fresh round of 8-10% in RRVL to fund expansion, retire debt and prepare for the unit's initial public offering, which would take total stake sold to 19-21%.Global interest The stake sale is crucial because at the current valuation, RRVL's IPO size will be too large for the current liquidity to absorb. At a recent annual general meeting, Reliance Industries chairman and managing director Mukesh Ambani said several global investors had shown keen interest in the conglomerate's retail business. The latest investment by KKR comes primarily from its Asian Fund IV. In 2020, KKR invested Rs 5,550 crore in Reliance Retail Ventures.

By Arriana McLymore

NEW DELHI : Samhi Hotels Ltd, which plans to raise ₹1,370 crore by selling shares, will continue to expand its portfolio of business hotels in India’s top cities, Ashish Jakhanwala, the chairman, managing director and chief executive, said. Most of the proceeds — ₹1,100-1,150 crore—will go towards reducing debt, he said. The Gurugram-based company has 31 hotels, both owned and leased, across the country with 4,800 rooms.

MUMBAI : State-owned Indian Renewable Energy Development Agency Ltd has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise funds through its initial public offering (IPO). Indian Renewable Energy Development Agency’s IPO is first by a public sector enterp-rise after Life Insurance Corp.’s issue in May 2022. The IPO will comprise a fresh issue of up to 403.16 million shares and an offer for sale (OFS) of up to 268.78 million equity shares by the President of India, acting through the ministry of new and renewable energy.

By Sri Hari N S and Manya Saini