IPO Financial News

Following the social media storm throughout the long weekend after thedeath of an associate at a major US bank in New York City, the cause of death of the individual has been reported.

₹57 lakh into the startup, then known as Urban Clap. It was a gamble. Through their venture company, Titan Capital, they were essentially backing an idea.

Firstcry IPO before subscribing to the issue.

Ola Electric’s initial public offering (IPO) was fully subscribed as of Monday evening, data from the BSE showed. As of 4:57 pm, the retail portion of the offering was over-subscribed nearly three times. The non-institutional investors portion was also slightly oversubscribed at 1.11 times the number of shares offered. The shares reserved for employees saw the steepest oversubscription, at nearly nine times the shares on offer. Qualified institutional buyers (QIBs) trailed all other subscription categories with a 40% subscription.

Why SBI is comfortably placed despite slow growth in deposits The rising costs of labour and materials were a particular bother for services providers. Within materials, the cost increase was attributed to dearer eggs, meat and vegetables. Lately, both services providers and manufacturers have been hiking prices to pass on their rising input costs to customers.

SoftBank Group Corp. has cut $2.6 billion off the fortune of its founder Masayoshi Son, as the tech investor is buffeted by the Bank of Japan’s earlier-than-expected interest-rate hike. Shares were down 8% Friday in Tokyo. Over two days, the technology conglomerate is down roughly 14%. Even after the recent plunge, Son is up about $2.7 billion from the $11.3 billion he began the year with, according to the Bloomberg Billionaires Index.

MUMBAI : The Securities and Exchange Board of India's (Sebi's) series of initiatives, such as quicker transaction settlements and shorter listing timelines for public issues, have enhanced transparency and will aid greater participation in the capital markets, say experts. Regulatory reforms and innovations have brought investors an annual benefit of ₹900 crore, and the full adoption of certain other initiatives could potentially add ₹3,000 crore more through freed-up capital, according to a 30 July report by NSE Data and Analytics, a unit of National Stock Exchange of India Ltd. The Indian Capital Markets: Transformative shifts achieved through technology and reforms report highlighted the substantial growth of Indian capital markets, which have outpaced the global average in market capitalization.

₹6,145 crore initial share offer of electric two-wheeler business Ola Electric Mobility was tepid, with 35% of the issue subscribed on Friday, August 2, the opening day of the bidding process.Retail investors led the initial public offering (IPO) of the firm, subscribing 1.57 times the amount allotted for them.Bids were received for 16.31 crore shares of the 46.51 crore shares that were offered in the offering, which closes on Tuesday, August 6. Ola Electric IPO subscription status was 35% on the first day of bidding.

Alphabet-Wiz deal with interest was the potential fillip it could provide to M&A deals. According to a June report by consulting firm PwC, the number of M&A deals fell by 25% in the first half of 2024, compared to the year-ago period, a downward trend that began in 2022. "The daunting combination of high interest rates, current valuations and political uncertainty has been a showstopper for many deals," it said.

A Rs 60,000 crore loss, Sebi crackdown, and a hope for banks As India shifts its investing habits, the allure of high-risk, high-return options is strong. However, this isn't for everyone, as Indian households are losing about Rs 60,000 crore in derivatives trades in a year. Sebi chief noted, «If Rs 50-60,000 crore annually is lost in F&O (futures & options) trades, that money could be better utilized in IPOs, mutual funds, or other productive areas.» The capital markets regulator reported that retail investors alone lost Rs 52,000 crore in FY24, highlighting the need for stricter controls.

Here's what top brokerages have to say on the biggest IPO of this year:

investors who took positions in FirstCry, Ola Electric and Unicommerce at the right time, with their investments set to become multibaggers when these new-economy startups go public next week. Investors such as SoftBank, Tiger Global, Mahindra & Mahindra and Matrix Partners India will see the value of their holdings in these firms surge anywhere between three times to ten times as they hit the public markets, according to calculations made by ET basis information available in the IPO prospectuses of these companies.

Ola Futurefactory is going to be the world's largest EV ecosystem at a single site."According to a report by HT Auto, Bhavish Aggarwal could make major announcements related to Ola Electric, Ola Cabs and his AI platform Krutrim at Sankalp 2024. Announcements about Ola's upcoming electric bike and the company's new venture, Ola Maps, are also likely.The Ola Bike was previously confirmed to arrive in the second half of 2025, and Aggarwal had recently shared a teaser for it in an X post.

₹50,400 crore. The Union cabinet is expected to approve the transfer of the proposed nuclear power project from Nuclear Power Corp. to the joint venture shortly, said a person familiar with the development.

Ola Electric was 16% subscribed in the first two hours on the first day of the bidding process on Friday. At 11.27 a.m., the public issue was subscribed 0.16 times, led by retail investors, whose category was subscribed 77%. The non-institutional investor (NII) category was subscribed 7%, while there were no bids from qualified institutional buyers. The employee reserve portion was subscribed 2.82 times.

SA Tech Software listed on the NSE SME platform with a premium of 90% on Friday. The stock debuted at Rs 112.1 as against an issue price of Rs 59. Ahead of the listing, the company's shares were trading with a GMP of Rs 53 in the unlisted market.

₹72 to ₹76 per equity share of face value of ₹10. The company received ₹2,763 crore from major investors prior to the start of the IPO subscription period on Thursday, August 1.

₹9,900 crore ($1.1 billion), as per Mint's analysis of data from its red herring prospectus. Maheshwari and Bahl will also be sitting on hundreds of millions. In addition, Aggarwal owns stakes in Ola Cabs and Krutrim AI, both of which are unicorns (startups with valuation of a billion dollars or more).

₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

Mint showed. The price band of Brainbees Solutions Ltd, which runs an omnichannel children's clothing enterprises under the FirstCry brand, has been fixed in the range of ₹440 to ₹465 per equity share of the face value of ₹2. The company has sought a value of $2.9 billion and the IPO comprises a fresh issue of ₹1,666 crore, and an offer-for-sale (OFS) of up to 54 million shares.

Retail investors who were looking forward to investing in Bill Ackman’s proposed US closed-end fund have been disappointed as the founder and CEO of Pershing Square withdraws from his planned IPO.