IPO Financial News

Bolt named Mikko Salovaara as its chief financial officer ahead of the company's preparation for an initial public offering (IPO). The company, a rival of Uber, was valued at over $8 billion when it raised €628 million from investors in January last year.

The retail portion of the issue was subscribed at 7.23 times. The non-institutional portion was subscribed 12.5 times, while the qualified institutional buyers' portion was subscribed 2.39 times. According to market analysts, the company's shares are trading at a premium of Rs 90-92 in the unlisted market.

₹104 per share, 19.5 percent higher than the issue price of ₹87 on the NSE SME exchange. The company set the price band in the range of ₹82 and ₹87 per share. The subscription period for the IPO began on Friday, June 23 and ended on Tuesday, June 27.

₹140 per share, nearly 30.8 percent higher than the issue price of ₹107 on the NSE SME exchange. The company set the price band for the IPO at ₹101 to ₹107 per equity share. The public issue that opened for subscription on Friday, June 23, closed on Tuesday, June 27.

₹91.15 apiece on the NSE SME platform, as compared to the IPO price of ₹65. However, soon after the listing, the stock was locked at a lower circuit of 5% at ₹86.60 per share. The initial public offering (IPO) of Ahmedabad-headquartered Magson Retail And Distribution was subscribed 6.74 times during June 23 to 27.

₹44, according to Chittorgarh.com.  At the price band of 65, the estimated listing price for the Drone Destination SME IPO is ₹109 (cap price + today's GMP). Issue availability: The IPO will open on 7 July, 2023 and closes on 11 July, 2023.

ideaForge Technology IPO: The initial public offering (IPO) is going to hit Dalal Street on Friday i.e. tomorrow on 7th July 2023. As per the information shared by drone maker company, ideaForge IPO listing date has been fixed on 7th July 2023.

MUMBAI : PKH Ventures Ltd, a construction and development company, withdrew its initial public offering (IPO) on Wednesday after failing to meet the minimum subscription requirement of qualified institutional buyers (QIBs). The IPO, open for subscription from 30 June to 4 July, was subscribed 65% at the end of the bidding process. The QIB portion of the IPO was subscribed 11%, which is below the minimum subscription requirement of 90%.

PKH Ventures IPO: Issue subscribed 65% on Day 3; check details The company announced in a statement to the stock exchanges that it had decided to cancel the IPO in accordance with a board resolution adopted on July 4 after consulting with IDBI Capital Markets and Securities Ltd due lack of subscription from QIB. As per the Draft Red Herring Prospectus (DRHP), the company's promoter, Pravin Kumar Agarwal, offered to sell up to 98,31,461 shares as part of the IPO, in addition to a fresh offering of up to o 1,82,58,427 shares. Currently, 63.69% of the company is owned by Pravin Kumar Agarwal.

₹405 crore. The IPO has already been fully subscribed on the second day itself led by strong demand from retail as well as non-institutional investors.

₹237 per share. The public offering's net proceeds will be utilised to various debt repayments, working capital needs, strategic acquisition investments, and other business-related purposes. The issue's lead manager is First Overseas Capital, and the registrar is Bigshare Services.On Monday, July 10, the final allotment will be made.

₹35-42 per equity share. There will be 62.88 lakh units for sale, as per reports. The software development company intends to raise as much capital as ₹26.41 crore through this offering.

IPO) of Kaka Industries will open for public subscription on July 7. The issue closes on July 11.

Nova Agritech received approval from capital markets regulator Sebi to raise funds through the IPO. Both Netweb Technologies and Nova Agritech filed preliminary IPO papers with Sebi in March this year. The IPO of Netweb comprises a fresh issue of equity shares of up to Rs 206 crore and an offer-for-sale (OFS) of up to 8.5 million equity shares by promoters selling shareholders.

Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the nod from China's securities regulator since new rules became effective this year. The company has successfully completed the offshore listing filing process，according a July 3 filing on the China Securities Regulatory Commission (CSRC) website. The greenlight comes at time when regulatory scrutiny of proposals for share offerings has intensified in the wake of new listing rules, lengthening the waiting time for approvals, sources have said.

«All these flows have really supported and whenever you have these strong flows, you also need some very strong supply of paper and the block deals from whether it is promoters or the private equity investors give you that window,» says V Jayasankar, Kotak Investment.First up, we have, of course, seen the June number for block deals being at the highest level over the last three to four years, the question is how long do you see this supply and these block deals really continuing in the market?I would say the block deals have been quite prevalent for the last 18 months, so even if you look at calendar 22, we had about $14 billion of blocks, so the last transactions that happened in the previous year where Max Healthcare sell down by KKR and CPPIB have been selling down in Kotak. We are involved in both of these transactions and the first one is about $1.5 billion in two tranches.

₹405-crore Senco Gold IPO has been fully subscribed on Wednesday, the second day of the bidding process as the issue received strong response from retail and non-institutional investors (NII). The initial public offering (IPO) of jewelry brand Senco Gold Ltd was subscribed 1.25 times in total so far as the issue received bids for 1.12 crore shares as compared to 94.18 lakh shares on the offer.

Senco Gold, a prominent jewellery player, got fully subscribed on day two of the bidiing process on Wednesday. The issue was subscribed 69% at close on Day 1.

BSE SME exchange at a premium on Wednesday. The stock was listed at ₹86.05 per share, nearly 4.9 percent higher than the issue price of ₹82 on the BSE SME exchange.  On day 3 of the subscription, the issue was subscribed 2.46 times. The retail investors portion was subscribed 1.65 times and other category was subscribed 3.26 times.

PKH Ventures IPO: Issue subscribed 65% on Day 3; check details "On account of non-fulfilment of commitment by the Qualified Institutional Buyers (QIBs), pursuant to a resolution passed by the IPO committee of the company on July 4, 2023, the issuer has now decided to withdraw the issue in consultation with the Book Running Lead Managers and Registrar," the company said in its statement to the exchanges. As a result, it stated, the PKH Ventures IPO will be considered withdrawn. The public issue opened for subscription on Friday, June 30, and closed on Tuesday, July 4.

1) Company OverviewDrone Destination is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering certified training programs. The company has three training bases of its own at Gurugram, Chandigarh, and Phulpur.2) Industry OverviewThe government is actively promoting the growth of this industry by introducing policies and initiatives to encourage innovation and entrepreneurship in this field.