IPO Financial News

Around 20 companies from Asia Pacific are listing shares next week in deals that may raise as much as $8.3 billion, the biggest weekly volume since April 2022, according to data compiled by Bloomberg. The heavy supply includes deals from China, India and Japan, underscoring the broad revival in share sales across the region.

IPO) of engineering and construction company Deepak Builders and Engineers, which will open for subscription on October 21, is currently trading at a premium of 23% in the unlisted market. The shares of the company are trading at a grey market premium (GMP) of Rs 50.

Zomato’s move to raise fresh funds through a qualified institutional placement (QIP) despite sitting on $1.5 billion, or about Rs 12,600 crore, of cash has stirred up an already fired-up quick commerce sector. While some see it as a move to distract investors away from arch-rival Swiggy’s $1.25-billion IPO scheduled for mid-November, others fear an escalation of cash burn in the quick-commerce space, hurting unit economics, with Zepto too looking to raise fresh capital despite scooping up $1 billion over the past four months. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago, especially as Zomato’s Blinkit, Swiggy’s Instamart and Zepto diversify into categories like fashion and electronics, said an investor who has been tracking consumer internet companies.

President and chief operating officer of Blackstone Jonathan Gray said that the recent strength of the public equity markets has led to cautious optimism about the prospect of issuing initial public offerings for some of Blackstone's largest investments.  «As the price of the public market goes up, it is like a magnet pulling private companies into the market,» Gray told Blackstone investors yesterday (17 October), but admitted that this optimism relies somewhat on a lack of market volatility. «I walked into a meeting yesterday and we were talking about a potential IPO. We have really...

Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes trading near record high levels. Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year.

Godavari Biorefineries has announced a price band of Rs 334-352 per share for its Rs 555-crore initial public offering (IPO), set to open for subscription on October 23. The IPO will close on October 25, with anchor bidding beginning on October 22. The allotment will be finalised on October 28, and refunds and share credits will take place on October 29, followed by the stock listing on October 30.

retail investors can get an allotment for the maximum number of bids made. After sailing through on the last day of bidding, Hyundai Motor India is likely to finalise the share allotment for its IPO later today. Going by the subscription numbers, all the retail investors, who bid for the issue, will likely get allotment as the category was not fully subscribed. This is also the case with non-institutional investors.

Hyundai Motor India's ₹27,870 crore initial public offering (IPO) — the country's largest ever — was subscribed 2.37 times on Thursday the final day of bidding. The issue sailed through thanks to a strong appetite from institutional investors as the high net worth and retail investor categories failed to garner enough bids. Investors placed bids for 236 million shares worth ₹46,320 crore in the issue, against the 99.8 million shares worth ₹19,555 crore (excluding anchor allotment) offered by Hyundai Motor India's South Korean promoters. Earlier this week, the company raised ₹8,315 crore (roughly 30% of the IPO size) as part of the anchor allotment from 225 institutional investors.

Subscribe to enjoy similar stories. The success of India's biggest-ever initial public offering from Hyundai Motor India Ltd came down to one key factor: a strong response from qualified institutional buyers (QIBs). But the portion set aside for retail investors, who have been driving demand in the primary market this year, wasn't even fully subscribed.

Subscribe to enjoy similar stories. Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹5,400 crore through its initial public offering (IPO) after selling shares worth about ₹3,000 crore in a pre-IPO round, two people aware of the development told Mint. Afcons had previously planned to raise ₹7,000 crore through the IPO.

Gurmeet Chadha, Co-Founder & CEO, Complete Circle Consultants, says it is a little too early to comment on the festive season because we are not even midway of it, but if the trend continues, then there could be a little bit of derating in auto stocks because none of them trade below 25-30 times. Chadha also says that amongst two-wheelers, we have TVS Holdings also which is the holding company which they bought and Sundaram Clayton is in the portfolio. So, among the stocks that they would buy on a correction like this, TVS would be the first, followed by Bajaj Auto. He is more interested in auto ancillaries, including names like Sandhar Technologies and Uno Minda.

Subscribe to enjoy similar stories. India’s financial sector has grown rapidly in recent years. According to a ministry of finance press release dated 22 July, India’s market-capitalization-to-GDP ratio ranks fifth globally and primary markets facilitated capital formation of ₹10.9 trillion in 2023-24, up from ₹9.3 trillion in 2022-23.

₹1,865 to ₹1,960 per share.The Hyundai Motor India IPO achieved a 42% subscription on the second day of the subscription period, according to BSE data. Retail investors subscribed to 38% of the portion, while non-institutional investors reached 26%. The qualified institutional buyers (QIBs) portion saw a subscription of 58%.

Danish Power, which is the largest in the SME segment this year, will open for subscription on October 22. Investors can bid for the offer till October 24. The company plans to raise nearly Rs 198 crore through the IPO, which is completely a fresh equity sale of 52.08 lakh shares. The IPO is priced in the range of 360-380 per share.

Waaree Energies are in high demand in the grey market as the company announced its price band for its Rs 432 crore IPO. The issue opens for subscription on October 21 and investors can bid till October 23. The current GMP is around Rs 1350, which indicates a premium of nearly 90% over the issue price. The IPO is priced in the range of Rs 1427-1503 apiece. Most analysts expect a multibagger listing for the company if the current demand sustains.

construction company Deepak Builders and Engineers will open for subscription on October 21 and close on October 23. The company has fixed a price band of Rs 192-203 apiece. The IPO is a combination of a fresh equity sale of Rs 217 crore and an offer for sale (OFS) of 21 lakh shares.

Lakshya Powertech's issue has been garnering strong demand from investors. The issue, which opened for bidding earlier today, was already subscribed 30 times. This demand was driven by retail investors, whose category was booked over 50 times, followed by non-institutional investors at 24 times.

Subscribe to enjoy similar stories. Alibaba and search-engine giant Baidu are investing in a nearly $700 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving. Horizon Robotics, which is planning to raise as much as 5.41 billion Hong Kong dollars through an initial public offering, equivalent to $696.6 million, will begin taking orders from institutional investors starting Wednesday, it said in a filing.

Stock market losses are never pleasant—whether through direct equities or mutual funds—but they offer a rare silver lining: the potential to reduce your tax liability through capital loss set-offs. Here’s how savvy investors can use this to their advantage.

Dipan Mehta, Director, Elixir Equities, says Hyundai compares very well with Maruti. It may trade at a slight premium to Maruti also because of its product profile and the kind of distribution expansion opportunity which is there for the company and its superior EV strategy as well. If you are a long-term investor with a two, three, five-year view and prefer consumer-oriented stocks, then Hyundai fits that criteria. But, it is for the long haul and one should not expect a quick buck on listing. What are your thoughts on the Hyundai IPO? There was a steady response on day one. But it lacks that zing or that X factor that makes investors excited when it comes to the prospects on listing. Do you concur? Dipan Mehta: That is a good IPO to apply for and that’s how we are advising and a disclosure, we ourselves will be applying in the IPO. But you should not expect an amazing listing like what we have seen with other IPOs. It may be a more tepid listing because of its size and because of the sentiment in the auto industry as well. Even post-listing, you may have a situation where two-three quarters may be quite weak because we are seeing a transient slowdown in the auto sales and that may impact the profitability of all auto companies, Hyundai included.