IPO Financial News

11.07 / 08:59

IPO Provident Power Energy firm Oriana Power closes pre-IPO funding round

₹10 each through the book-building route. The company has appointed Corporate CapitalVentures Private Ltd as lead manager for the issue, while Skyline Financial Service Private Ltd. will be the registrar to the issue.

11.07 / 08:35

UPS IPO AXY Citibank NSDL IPO: IDBI Bank, NSE, HDFC Bank, SBI, among major shareholders in the depository; take a look

offer for sale (OFS) of up to 57,260,001 shares. The National Stock Exchange of India Ltd, IDBI Bank, State Bank of India, HDFC Bank, Union Bank of India and the Administrator of the Specified Undertaking of the Unit Trust of India have announced to participate in the OFS. State Bank of India (SBI) and private lender HDFC Bank had earlier said that they propose to sell 2% stake each in NSDL by offloading 40 lakh shares each in the OFS.

11.07 / 07:19

UPS IPO Booking Utkarsh Small Finance Bank IPO opens tomorrow: 10 key things to know

₹1,350 crore, which would have come from a new issue for ₹750 crore and an offer for sale (OFS) by its the owner Utkarsh Coreinvest for ₹600 crore. However, it submitted amended draft papers for the IPO with SEBI in August 2022 and reduced the issue size by 63 percent to collect ₹500 crore through the IPO. Initially, the lender intended to raise ₹1,350 crore through the IPO.

11.07 / 06:43

COST IPO Target Booking CEO Stryker Backed Twiggy-backed CurveBeam AI opens books for $154m float

Medical imaging business CurveBeam AI, which has assembled an impressive register via its pre-IPO rounds, opened the books on an initial public offering on Tuesday.

11.07 / 05:37

IPO Allianz MetLife ESAF Small Finance Bank refiles DRHP; cuts issue size to ₹629 crore

₹629 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the company has reduced the issue size to ₹629 crore from ₹998 crore earlier. The ESAF Small Finance Bank IPO will now comprise fresh issue equity shares aggregating to ₹486.74 crore and an offer for sale (OFS) of ₹142.3 crore. Meanwhile, those selling shares in the OFS are promoter -- ESAF Financial Holdings Private Ltd and other shareholders -- PNB MetLife India Insurance Company Ltd, Bajaj Allianz Life Insurance Company Ltd. ESAF Financial Holdings owns a 62.46% stake in the small finance bank, while PNB MetLife and Bajaj Allianz Life own 4.75% and 3.89% stake in the lender, respectively.

11.07 / 04:45

IPO Target AXY NIFTY TCS Reliance Industries HDFC Bank dethrones Reliance Industries as new Baahubali of Nifty

HDFC twins making HDFC Bank stock much more muscular, India's largest private sector lender will now command more weightage in Nifty than billionaire Mukesh Ambani's Reliance Industries (RIL). With effect from July 13, when HDFC shares stop trading on stock exchanges following a reverse merger with its banking unit, the weightage of HDFC Bank will increase to 14.43%.

11.07 / 03:27

IPO Senco Gold IPO allotment date today. Latest GMP, how to check status online

Senco Gold IPO: Finalisation of share allocation for the initial public offer (IPO) of Senco gold Ltd can be announced any time today as Senco Gold IPO allotment date is most likely on 11th July 2023. Those, who have applied for the public issue are advised to check Senco Gold IPO allotment status online by logging at the BSE website or at the website of its official registrar KFin Technologies Ltd.

11.07 / 02:23

UPS IPO CEO Strategy Harley-Davidson Long-term growth story for life insurance companies look very positive: Andrew Holland

«The market has been looking at this kind of unravelling of the different companies through IPOs or strategic stake sales going forward. And this has been the catalyst.

11.07 / 01:21

UPS IPO Platform Atomo Diagnostics raising after shares climb 136pc

Listed medical device maker Atomo Diagnostics had its broker Bell Potter drumming up interest in an equity raising, after its shares climbed 136 per cent from 2.2¢ at June end to 5.2¢ on Monday’s close.

11.07 / 00:55

UPS IPO Allianz MetLife sfb Time ESAF SFB files for IPO a third time, scales down size

Bank, a Kerala-based lender with a focus on unbanked and under-banked customer segments, has filed papers with the capital market regulator Securities & Exchange Board of India (Sebi) to raise ₹629 crore through an initial public offering. The bank has scaled down its IPO size by about a third from what was planned before the Covid-19 pandemic.

10.07 / 17:05

UPS IPO Booking Allianz MetLife ESAF Small Finance Bank refiles draft papers with Sebi for Rs 629 cr IPO

IPO). The bank had earlier filed its DRHP in July 2021. The IPO will include a fresh issue up to Rs 486.74 crore and an offer for sale (OFS) of up to Rs 142.30 crore by promoter and other selling shareholders.

10.07 / 16:41

UPS IPO Booking open Utkarsh Small Finance Bank IPO to open on July 12. 10 things to know about the public offer

1) What is the business overview of Utkarsh Small Finance Bank? Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities. It also had the second highest provision coverage ratio among SFBs in fiscal 2023.

10.07 / 14:05

IPO sfb valuation Utkarsh SFB IPO comes at reasonable valuation but watch out for geographic concentration risk

ET Intelligence Group:Issue dates: July 12-14, 2023Issue price: Rs 23-25Issue size: Upto Rs 500 crore (fresh issue)Implied market cap: Upto Rs 2,740 croreFace value: Rs 10Lot size: 600 sharesRetail portion: 10%Utkarsh Small Finance Bank (SFB) plans to raise Rs 500 crore through an issue of fresh equity to augment the capital base. The promoter Utkarsh CoreInvest’s stake will fall to 69.3% after the IPO from 84.8%.

10.07 / 14:05

UPS IPO Allianz MetLife sfb ESAF SFB files papers with Sebi for IPO

IPO). The bank has scaled down its IPO size by about a third from what was planned before Covid. This is the third time it is seeking Sebi's approval for an IPO.

10.07 / 12:57

UPS IPO Reuters Fine Ant Explained: What’s next for Ant after its nearly $1 billion fine?

Ant Group has drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over. Ant's story so far has been one of a dramatic reversal in fortunes: while its shelved $37 billion IPO in 2020 had valued the company at $315 billion, a share buyback announced on Saturday valued it 75% less at $78.5 billion.

10.07 / 12:57

IPO Enterprise sfb Utkarsh SFB fifth bank in category to be listed on bourses

The price band for the IPO was fixed at Rs 23 to Rs 25 per equity share with face value Rs 10. The fundraising is expected to take care of Utkarsh's business expansion for the next 18-24 months, managing director Govind Singh said. Among small finance banks, Jana and Fincare are also looking to raise equity via public offer shortly.

10.07 / 11:47

IPO Digital Booking Ahasolar Technologies IPO day 1: Issue receives 1.83 times subscription so far; retail portion booked over 3 times

₹10 and the company expects to raise a total of ₹12.85 crore from the issue. The IPO is a fixed price issue and the shares are sold at ₹157 apiece in the IPO. The lot size of Ahasolar Tech IPO is 800 shares and the minimum amount required for retail investors is ₹1,25,600.

10.07 / 11:47

UPS IPO Booking Kaka Industries IPO: Issue subscribed 19.2 times in day 1 so far; retail portion booked over 33x

₹21.23-crore worth Kaka Industries IPO commenced for subscription on Monday, July 10, and will conclude on Wednesday, 12 July. Also Read: Senco Gold IPO Share Allotment: What GMP signals The company produces polymer-based profiles for use in partitions, false ceilings, wall panelling, kitchen cabinets, doors, windows, and other interior and exterior works.

10.07 / 11:47

UPS IPO Provident Platform Software AccelerateBS India IPO: GMP, subscription status on day 3, and other key details

₹90 each. For both B2B and B2C businesses worldwide, AccelerateBS India provides IT services. These services include custom software development, consultancy, and DXP (Digital Experience Platforms) consulting and implementation services.

10.07 / 09:52

IPO open Utkarsh Small Finance Bank IPO to open on Jul 12; sets price band at Rs 23-25/share

Utkarsh Small Finance Bank on Monday said it has fixed a price band of Rs 23-25 a share for its Rs 500-crore initial public offering (IPO). The Varanasi-headquartered small finance bank's (SFB) IPO will open for public subscription during July 12-14. The bidding for anchor investors will open on July 11, the lender announced.

10.07 / 09:51

IPO fall China IPO applications fall by third in first half of 2023

Chinese exchanges, which vet initial public offering (IPO) plans, accepted around 330 new applications during the period, down from more than 500 a year earlier, exchange data shows. Although Beijing has adopted a registration-based system designed to let the market decide which companies list, bankers have said that the process largely remains at the discretion of authorities, using unwritten rules to decide on the grounds of national security or industrial policies.

IPO Financial News

popular questions about IPO

What is IPO and why is it relevant?

Where can I find the latest updates on IPO?

How can I verify the accuracy of information on IPO?