IPO Financial News

Utkarsh Small Finance Bank has moved its listing date to two days prior than initially planned. The company's shares will now debut on the exchanges on Friday, July 21. According to market sources, the company's shares are commanding a premium of Rs 15 in the unlisted market, which indicates a robust listing gain of around 60%.

issue on the final day of subscription, followed by retail investors. The issue was subscribed over 90 times. Retail investors portion was subscribed 19.15 times, employee portion was subscribed 53.13 times, NIIs portion was subscribed 81.81 times, and QIBs portion was subscribed 228.91 times.

₹285 to ₹300 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Tuesday, July 25. Yatharth Hospital IPO consists of a fresh issuance of shares for ₹490 crore and an offer by the promoters Vimla, Prem Narayan, and Neena Tyagi to sell 65.51 lakh equity shares.

real estate (interest rates likely to come off next year), and IT (global recovery next year). The growth in these spaces is just taking off and valuations are still reasonable. Manufacturing should do well driven by massive capex driven by govt spending (rail, defense etc).

Life Insurance Corporation of India (LIC), part of the life insurance sector, didn’t have a good run post its listing in May 2022 but a recent breakout from an inverse head & shoulder pattern as well as its falling trendline since its IPO gives an indication that bulls could take control. The stock fell more than 30% from its listing day high. LIC listed on bourses on 17th May 2022 and made a high of Rs 920.

«Let us not call it liquidity reversal because the previous trend was only like odd in some sense although it happens every now and then but generally FIIs are buyers as in the last 20 odd years they would have been buyers in maybe 16 of those years,» says Samir Arora, Helios Capital.Let us talk about the big picture and the big picture is that flows have turned and flows are looking very strong. When you speak to some of your investors and your LP associates, are you getting a sense that the liquidity reversal which has happened from April onwards it is real and it is here to stay?100% and let us not call it liquidity reversal because the previous trend was only like odd in some sense although it happens every now and then but generally FIIs are buyers as in the last 20 odd years they would have been buyers in maybe 16 of those years.

Yatharth Hospital & Trauma Care Services will open for subscription on Wednesday, July 26. The three-day issue, which will close on Friday (July 28), includes a fresh share sale worth Rs 490 crore and an offer for sale (OFS) of 6,551,690 shares. The company filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (Sebi) on Tuesday, July 18.

NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal, director, finance, NHPC, said in an interview. The hydropower major is looking to add solar capacity, and once the projects in the pipeline are commissioned, they will be moved to NREL. Currently, NHPC’s green energy projects, primarily comprising solar power, are under the parent company, though the green energy subsidiary was incorporated in February 2022 for developing its renewable, small hydro and green hydrogen portfolio.“Our plan is to first develop projects under NHPC, and then we will demerge these projects and shift them to NHPC Renewable and then list the company, or bring in strategic investors to create more value.

Chinese companies wanting to go public in Hong Kong have had a hard time getting international investors to buy their shares. Local governments in China are stepping up to help fill the void—and seeking more in return. Listings in Hong Kong raised just $2.6 billion this year, down 47% from the same period last year and far below 2021 levels, according to Dealogic.

Hyderabad, July 19, 2023: Sai Silks Kalamandir Ltd. (SSKL), which has received SEBI approval for an IPO in November 2022, has decided to allocate 4.76 % of its shares to their Employee Trust.

BSE SME exchange at a premium on Wednesday. The stock was listed at ₹110.20 per share, 90 percent higher than the issue price of ₹58 on the BSE SME exchange. Kaka Industries shares extended gains and were locked at 5% upper circuit after making a stellar debut.

Utkarsh Small Finance Bank is expected to be finalised today. Investors will get shares on a lottery basis and the whole process will be 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.

IPO Subscription Status: The initial public offering (IPO) of Netweb Technologies Ltd was subscribed 27.36 times on Day 3 so far. The public issue that opened for subscription on Monday, July 17, and will end on Wednesday, July 19. Non Institutional Investors(NIIS), employees, and qualified institutional buyers (QIBs) enthusiastically responded to the issue on the final day of subscription, followed by retail investors.

here's how you can check allotment status. If you have applied for the IPO, you can check your allotment status immediately on the website of the IPO registrar, Maashitla Securities Private Ltd. Please click the following link to access the Maashitla Securities Private Ltd website, which is Drone Destination IPO's registrar. https://maashitla.com/allotment-status/public-issues The landing page that you see after clicking the link above will look like the one in the screenshot below.

Federal Bank board of directors will consider fundraising and share allotment to International Finance Corporation (IFC) on July 21. In a regulatory filing on Wednesday, the lender informed that a meeting of its Board of Directors will be held on Friday, July 21, 2023, to consider, issuance of equity shares by way of a preferential allotment, to International Finance Corporation (IFC), IFC Financial Institutions Growth Fund, LP, and IFC Emerging Asia Fund, LP for subscribing up to 72,682,048 equity shares of the bank at a price not exceeding ₹131.91 per equity share.  “Upon consummation of the transaction, the investors shall in aggregate hold up to 177,528,442 equity shares of the Bank," it said.

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₹109.50 per share, 21.67 percent higher than the issue price of ₹90 on the BSE SME exchange. AccelerateBS India shares extended gains posting and were locked at 5% upper circuit after making a strong debut. Digital technology services firm, AccelerateBS India's IPO commenced for public subscription on Thursday, July 6, and concluded on Tuesday, July 11.

BSE website, NSE website or IPO registrar portal. The basis of allotment tells an investor whether they have been allotted any shares, and how many.

₹7,196 crore in FY22, with a profit of ₹5.93 crore. During the year, it sold 28.62 million cases of alcohol; it has a share of 7.4% in the IMFL (India made foreign liquor) industry, according to the company’s annual report for the year. Apart from its flagship whisky brand Officer’s Choice, the company sells Jolly Roger Rum, Officer’s Choice and Kyron brandy.

The category reserved for retail investors was subscribed 6.07 times, and that for non-institutional investors (NIIs) was subscribed 8.9 times. However, QIB demand remained muted on Day 2 as well with 7% subscription. The company's shares are commanding a premium of Rs 370 in the unlisted market, indicating healthy listing gains for investors The IPO comprises fresh equity of Rs 206 crore and an offer for sale (OFS) of 8.5 million equity shares.

boAt, which had earlier deferred its public share sale plans amid stock market volatility, is «not in a hurry» to go for a listing, and is looking at FY25-FY26 timeframe for the IPO, co-founder Aman Gupta said. In an exclusive chat with PTI on wide-ranging issues, Gupta said that his startup is «well capitalised» for now. There was a phase when startup IPOs were in fashion but then the markets turned choppy, Gupta recounted.