IPO Financial News

An unexpected twist to Alibaba’s changing of the guard—and a drip feed of other bad news—has undermined the bullish sentiment surrounding the Chinese e-commerce giant earlier this year. And given how China-adverse investors have become, it may be tough to reverse that without an all-clear for the economy more broadly—especially since Alibaba executives may be tempted to slow-walk restructuring plans as long as China’s stock markets remain in the doldrums. Alibaba’s Hong Kong-listed shares fell 3% Monday in the wake of two potentially significant developments: a report from Bloomberg, citing sources, that the firm would put on hold a potential IPO of its Freshippo grocery chain, and a surprise personnel change.

IREDA) has filed its draft red herring prospectus (DRHP) with capital market regulator Sebi to raise funds through an IPO. It is the first IPO by a public sector enterprise after Life Insurance Corporation's public issue in May last year. The IPO with a face value of Rs 10 consists of fresh issue of up to 40.3 crore equity shares and an offer for sale (OFS) of up to 26.8 crore units by the government The offer includes a reservation for eligible employees. About 50% of the IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors. The proceeds from the fresh issue will be used for augmenting its capital base to meet its future capital requirements and onward lending. IREDA has an impressive track record spanning over 36 years in the field of fostering and providing financial support for fresh and sustainable energy (RE) projects, as well as energy efficiency and conservation (EEC) initiatives. The company is India's largest dedicated green financing non-banking financial company (NBFC). The organization offers a comprehensive array of financial products (fund and non-fund based) and associated services, from project inception to post-completion, for RE projects and related activities like equipment manufacturing and transmission. As of June, its portfolio of outstanding term loans stood at Rs 47,206 crore, reflecting its diverse investment ventures.

(Reuters) — Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on Monday, in another step toward a hotly-anticipated listing.

SAMHI Hotels will open on Thursday, September 14, for subscription and closes on Monday, September 18. The public issue of face value of Rs 1 per equity share comprises a fresh issuance of equity shares worth Rs 1200 crore and an Offer for Sale (OFS) of up to 13.50 million equity shares. SAMHI Hotels has fixed the price band at Rs 119 to Rs 126 per equity share for its maiden public offer. Investors can bid for a minimum of 119 equity shares and in multiples of 119 equity shares thereafter. Ahead of the IPO, Madhuri Madhsudan Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings have picked up stake in Gurugram-based SAMHI for a total consideration of Rs 130 crore from Blue Chandra Pte Ltd. As per disclosures made by SAMHI last week, selling shareholder, Blue Chandra Pte.

IPO), which is opening on September 14, comprises a fresh issue of equity shares up to Rs 392 crore and an offer for sale (OFS) by promoters and a few external investors aggregating up to Rs 174 crore. Post-issue the promoter/promoter entities will hold around 42 per cent of the paid up equity, while selling shareholders will collectively pare their holdings by a tad over 8 per cent. Through the OFS, the founder and chairman Raj P Narayanam will sell just 0.02 per cent from his 44 per cent holding. Another promoter Avinash Ramesh Godkhindi, who is also the managing director of the city-based firm, will sell an equal amount of stake.

Instacart on Monday submitted an updated filing for its upcoming initial public offering, saying it is looking to raise up to $616 million of fresh capital alongside existing shareholders.

Investing.com -- Key U.S. inflation data later this week looms large, with investors hoping that the figures will help clear up uncertainty around the Federal Reserve's interest rate path for the rest of 2023. Elsewhere, Alibaba announces an unexpected leadership shake-up ahead of a planned restructuring of the sprawling Chinese business, while Arm reportedly eyes pricing its highly-anticipated initial public offering at the top end of its indicated range — or above.

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, government of India. According to the DRHP, proceeds from the fresh issue will be used to augment Ireda's its capital base to meet its future capital requirements and onward lending. The company has appointed IDBI Capital Markets & Securities Ltd., BOB Capital Markets Ltd., and SBI Capital Markets Ltd.

Instacart is looking to raise up to $616 million along with selling stockholders in its initial public offering, a regulatory filing showed on Monday. The San Francisco-based company and its selling shareholders are offering 22 million shares priced between $26 and $28 apiece.

IPO Subscription Status: EMS IPO was subscribed 12.49 times on day 2 so far. EMS IPO opened for subscription on Friday, September 8, and will close on Tuesday, September 12. EMS IPO received overwhelming response from non-institutional investors (NIIS) and retail investors on day 2.

₹602 crore worth initial public offering (IPO) on 15 September. The IPO of the travel service provider comprises an offer-for-sale (OFS) of 1,21,83,099 equity shares by the promoters and one investor. The company will announce the price band of the IPO in the next few days, while the face value of the Equity Shares is ₹1 each.

Jupiter Hospital IPO: Bidding for the initial public offering (IPO) closed on 8th December 2023 and in three days of bidding from 6th to 8th September 2023, the book build issue got subscribed 63.72 times. The QIB portion of the public issue received rave response from investors as the issue got subscribed whopping 187.32 times in QIB segment. Now, after closure of suubscription and strong response by investors, bidders are eagerly waiting for Jupiter Hospital IPO allotment date, which is most likely on 13th September 2023 i.e.

RBI's) target range of 2-6 per cent. Official data on retail inflation will be released on Tuesday (September 12). According to the median of estimates by 18 economists in a Mint poll, India’s retail inflation likely eased to 7 per cent in August from July’s 15-month high of 7.44 per cent.

SAMHI Hotels has fixed a price band of Rs 119-126 per equity share for its maiden public offer, which opens for subscription on September 14. The issue, which closes on September 18, comprises fresh issuance of equity shares worth Rs 1,200 crore and an offer for sale (OFS) of up to 1.35 crore equity shares. Under the OFS, Blue Chandra Pte will offload 84.2 lakh shares, Goldman Sachs to sell up to 49.31 lakh equity shares and GTI Capital Alpha will give up 1.4 lakh shares. The offer is being made through the book-building process where 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Investors can bid for a minimum of 119 equity shares and in multiples thereafter. Ahead of the IPO launch, Blue Chandra Pte sold 10.32 million shares or 8.4% stake to renowned investor Madhusudan Kela's wife, Madhuri Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, who have picked up a stake in Gurugram-based SAMHI Hotels for a total consideration of Rs 130 crore. SAMHI Hotels is a prominent hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) in the country as of February, 2023. The company acquires or builds primary hotels and thereafter renovates, and rebrands the properties under its wings.

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Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off plan and possibility of discord at the top. New group CEO Eddie Wu will concurrently become acting CEO and chairman of a unit grappling with weak sales growth ahead of an initial public offering (IPO) penned for next year. «We have mixed thoughts on this news,» said Morningstar analyst Chelsey Tam in a client note. «We think this latest change was not planned back in June and there are concerns of disagreements among Alibaba's partners.» In June, Alibaba said Zhang would relinquish his group CEO role to focus on the cloud unit, the firm's number two money spinner. The Cloud Intelligence Group, valued at $41 billion to $60 billion earlier this year, is among five units Alibaba is spinning off as part of the biggest restructuring of its 24-year history. Alibaba said it will continue with its plan to spin off the cloud unit under a yet-to-be-appointed management team.

Basilic Fly Studio debuted at a robust premium of 179% on the NSE Emerge platform. On listing, the stock rallied further 5% and was locked in upper circuit at Rs 284. The company has priced the issue at Rs 97 at the upper end. The debut of Basilic Fly Studio was on the expected lines, tracking the recent trend of massive listing gains in the SME segment. The Chennai-based VFX studio's Rs 66 crore IPO saw a subscription of 286 times, led by strong demand across categories.

Stock market today: Rishabh Instruments share price opened on Dalal Street in special pre-open session during Monday deals. Rishabh Instruments shares listed on BSE at ₹460 apiece levels and went on to hit intraday high of ₹469.65 per share levels on BSE. Similarly, Rishabh Instruments share price today opened on NSE at ₹460.05 per share levels and went on to hit intraday high of ₹470 apiece levels within few minutes of stock listing on Dalal Street.

IPO listing today: Shares of Ratnaveer Precision Engineering Limited listed on BSE and NSE in special pre-open session today delivering over 25 per cent premium to the lucky allottees against its price band of ₹93 to ₹98 per equity share. Ratnaveer shares opened on BSE at ₹128 apiece whereas on NSE it listed on 123.20 per equity share.

Zaggle Prepaid Ocean Services has announced the price band of its upcoming public issue at Rs 156-164 per equity share. The three-day issue opens on September 14, Thursday. The minimum lot size of this Zaggle Prepaid Ocean Services IPO is 90 shares which is worth Rs 14,760. The company received approval from markets regulator Sebi to launch an IPO in April.

₹119 to ₹126 per share of a face value of ₹1 each for its upcoming initial public offering (IPO) which opens for public subscription on September 14 and closes on September 18. The bidding for the anchor investors of the initial share sale of Goldman Sachs-backed Samhi Hotels will open on September 13, according to the red herring prospectus (RHP). As Mint reported earlier, Samhi Hotels proposed an IPO comprising a fresh issue of equity shares worth ₹1,200 crore and an Offer For Sale (OFS) of 1.35 crore equity shares by existing shareholders.