IPO Financial News

Swiggy investor 360 One WAM, formerly IIFL Wealth Management, valued the IPO-bound food- and grocery-delivery firm at $11.5 billion as of June, according to an investor presentation seen by ET. Swiggy recorded Rs 7,474 crore in revenue in the first half of fiscal 2024, 360 One said in the presentation made to its clients. This translates into Rs 14,947 crore on an annualised basis for the year through March. Food delivery sees cyclical changes in orders. So the final figure may differ and will only be known when Swiggy — which has confidentially filed for an IPO — discloses its financial results for the year.

Ecos Mobility and Hospitality has announced a price band of Rs 318-334 for its upcoming initial public offering (IPO), which will raise Rs 601.20 crore. The IPO will open for bidding on August 28 and close on August 30." The IPO size of Rs 601.20 crore is based on the upper end of the price band.

Mint. For instance, investors in companies such as Lighthouse Learnings and Piramal Glass have discarded their stake sale plans due to valuation mismatches in the private markets, two people with direct knowledge of the matter said. KKR-backed Lighthouse Learnings (formerly EuroKids) earlier this year appointed investment banks JP Morgan and Avendus to look for a buyer for its 94% stake in the education company it acquired in 2019.

Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents.

markets regulator SEBI to raise Rs 4,000 crore ($480 mn) through an initial public offering (IPO). The offer comprises fresh issue of shares worth Rs 1,250 crore and offer-for-sale shares worth Rs 2,750 crore.

SME IPO of Forcas Studio received a healthy response from investors as the issue was subscribed to over 400 at close. Post the strong response, the company is likely to finalise the share allotment for the IPO today. Investors, who placed bids for the IPO, can check the status through the registrar or by visiting the NSE website.

Premier Energies has announced a price band of Rs 427-450 for its upcoming Rs 2,830 crore initial public offering (IPO) which will open on August 27. The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,291 crore and an Offer for Sale (OFS) of up to 3.42 crore shares by the selling shareholders, which is equivalent to nearly Rs 1,539 crore based on the upper band price of Rs 450.

Premier Energies, India's second-largest integrated solar cell and solar module manufacturer, will open for subscription on August 27 and close on August 29. The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,291 crore and an offer for sale (OFS) of up to 3.42 crore shares by the selling shareholders.

Forcas Studio issue, which opened for bidding on August 19, was subscribed 182 times on Wednesday so far, the final day of the bidding process. This was led by strong demand from retail and non-institutional investors. As of 12:45 pm, the retail investor category booked strong demand, bidding for 43.15 crore shares by 2.67 lakh applicants. The non-institutional investor (NII) category witnessed a bid for 15.21 crore shares, while the qualified institutional buyers had bid for 2.83 crore shares.

IPO) of Orient Technologies has opened for subscription today. Ahead of the issue opening, the company raised Rs 64 crore from anchor investors. The issue, which closes on August 23, includes a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of 46 lakh shares. Under the OFS, promoters Ajay Baliram Sawant, Umesh Navnital Shah, Ujwal Arvind Mhatre and Jayes Manharlal will be offloading their part stakes.

Broach Lifecare Hospital listed on the BSE SME platform with a 90% premium on Wednesday. The stock debuted at Rs 47.5, compared to an issue price of Rs 25 per share. Ahead of the listing, the company’s shares had no gray market premium (GMP). The IPO, which was a fresh equity sale of 16.08 lakh shares, was oversubscribed by over 100 times at closing, driven by strong interest from retail investors.

Innovision Limited, provider of manpower services, toll plaza management and skill development training, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO. The IPO, with a face value of Rs 10 each, is a mix of fresh equity issue of Rs 315 crore and an offer for sale of up to 11.81 lakh shares by promoter selling shareholders.

IPO) of Orient Technologies will open for subscription on Wednesday. Ahead of the issue opening, the company's shares are commanding a healthy GMP of Rs 55. The company has priced the IPO in the range of Rs 195-206 apiece, and if we consider the upper price band, the shares are trading with a premium of 27% to the issue price.

Manjushree Technopack filed their respective DRHPs with capital markets regulator to raise funds through an IPO. The IPO of Unimech is a combination of fresh equity issue of up to Rs 250 crore and an offer of sale (OFS) up to Rs 250 crore by promoter and promoter group selling shareholders.

Real estate firm Kalpataru Ltd, which plans to launch its maiden public issue, has posted a consolidated net loss of Rs 100.74 crore during the last financial year on lower income. Its net loss stood at Rs 200.73 crore in the preceding 2022-23 fiscal. Last week, Mumbai-based Kalpataru Ltd filed a preliminary document with capital markets regulator Sebi to launch its initial public offering (IPO) to raise up to Rs 1,590 crore, mainly to reduce debt.

shares of Saraswati Saree Depot hit a 5% upper circuit at Rs 209.95 on BSE following their strong debut on the exchanges on Tuesday. The stock debuted at Rs 200 on BSE, reflecting a premium of Rs 40 or 25% over the IPO price of Rs 160. On the NSE, it was listed at Rs 194, reflecting a 21.25% premium. The listing was slightly below expectations, with shares previously trading at a grey market premium (GMP) of 29% to the issue price.

₹230 crore in FY23, Purplle in a statement in July announced that it is operationally profitable. The company also said that it is currently spending on growing its online platform faster than the industry, while scaling offline stores and improving profitability. Earlier, in June, eyewear brand Lenskart, which has seen a series of fundings over the past year, also closed its latest round of $200 million from Temasek and Fidelity through a secondary share sale.

Mint, sitting in his office in Bengaluru’s Koramangala neighbourhood. In 2013, he co-founded Citrus Pay, another payments company, and sold it to Naspers-owned PayU in a cash deal worth $130 million in 2016. Rau decided to take the keys from Singh and joined Pine Labs as CEO in March 2020.

Issue price: Rs 195-206

Saraswati Saree Depot are set to debut on the exchanges on Tuesday. Ahead of the listing, the company’s shares are trading with a gray market premium (GMP) of Rs 46. With the upper price band set at Rs 160, the stock is expected to list at a premium of 29% over the issue price.

Newly-listed Ola Electric's 75% rally from IPO issue price has caught both traders and long-term investors off-guard. Anand James, Chief Market Strategist, Geojit Financial Services, says. However, the timeframe is short to conclude whether the EV stock is now in an overbought zone, there are signs of positional trades being built systematically.. «Daily volumes have declined since the first day, while intraday volumes are tapering through the day. This does not suggest a FOMO trade,» he says… Edited excerpts from a chat: Nifty has been largely stuck in a narrow trading range of 400-500 points for the last few days. After Friday's upside, do you see signs of a fresh breakout on the upside? Anand James: We had gone in last week, with the expectation of achieving 24540, as long as the downside marker of 23975 held.