IPO Financial News

opens on Fridayat a scaled-down valuation. The initial public offering (IPO) pricing values India’s largest electric scooter maker at $4 billion, about 25% discount to the valuation based on the last private funding round in September. In fact, the valuation is also sharply lower from as much as $7 billion that news reports had said the company’s founder was initially aiming at, but had received investor pushback.

In a statement published on X, formerly Twitter, on Wednesday (31 July), the chief executive of Pershing Square said the firm had withdrawn the initial public offering — just days before it was due to begin trading on the New York Stock Exchange.  Ackman had already scaled back the IPO plans, dropping the fund's fundraising target from $25bn to $2bn after a crucial investor pulled its backing. Pershing Square Holdings manager slashes performance fee as Ackman eyes US launch «Over the last seven weeks, we have met with many institutions and family offices, and held numerous town...

Ceigall India opened on Thursday, the issue was booked 29% so far on the first day of the bidding process. The highest demand was driven by the employees, which was booked 1.35 times, followed by the retail investors, whose category was booked 43%. The non-institutional category was subscribed by 35%, while the part reserved for QIB investors was not booked so far.

Ola Electric, the biggest of this year, will open for subscription on Friday. Ahead of the listing, the company's shares are trading with a premium of Rs 15 in the unlisted market. Considering the upper price band, the stock is boasting a premium of 20% to the issue price. The IPO is priced in the range of Rs 72-76 per share.

Paras Healthcare, the Delhi NCR-based hospital chain has filed Draft Red Herring Prospectus (DRHP) with SEBI for ₹700 crore — ₹900 crore Initial Public Offering (IPO). The IPO comprises of a fresh issue of equity shares of up to ₹400 crores and an offer for sale (OFS) of up to 14,974,010 equity shares with face value of ₹1 each equity share.

Non-institutional investors drove the strong demand with a subscription of 22.8 times, followed by retail investors, whose category was booked 13.8 times. The part reserved for QIB investors was booked the least at 2.4 times.

Rubicon Research has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for ₹1085 crore initial public offer (IPO). The company’s IPO comprises a fresh issue of up to ₹500 crore and an offer for sale of up to ₹ 585 crore by the promoter selling shareholder, General Atlantic Singapore RR Pte Limited.

FirstCry, is floating its initial public offering (IPO) at a valuation of $2.9 billion. It has set a price band of Rs 440-460 apiece for issuing shares to investors which will open on August 6 and close on August 8.

AI and analytics unicorn Fractal Analytics has hired Morgan Stanley, Kotak Mahindra Capital and Axis Capital as bankers for its initial public offering (IPO) that could be worth $400-500 million and value the firm at close to $3 billion, executives close to the development told ET.

derivatives should achieve their desired objective. The regulatory intent is to sustain adequate depth in the F&O segment to facilitate hedging. Trading volumes in F&O will, thus, have to decline significantly, but not to a point that affects price discovery. As follow-up measures, Sebi will have to ensure the purged retail speculation does not resurface in other market segments, such as smallcaps. The trading ecosystem will, on its part, have to recover from the revenue setback, and its business models in the new regulatory scenario should come under tighter scrutiny. Brokers are most vulnerable to the systemic interface with the retail investor. Finally, vigilance is necessary that buckaroo retail investing does not migrate to shadow trading platforms such as dabba trading that operate beyond the regulatory gaze.

₹6,146 crore at the upper end of its ₹72-76 price band. That would take its valuation to about ₹33,522 crore, or about $4 billion. Ola Electric, India’s largest maker of electric scooters, has demonstrated impressive growth in recent years.

IPO-bound baby and mother care products retailer FirstCry reported a 15% growth in operating revenue at Rs 6,481 crore in FY24, while it reduced losses by 34% to Rs 321 crore during the same period, per regulatory filings sourced through business intelligence platform Tofler.

Bill Ackman’s planned initial public offering for a US closed-end fund is expected to bring in $2 billion, less than 1/10th the target the billionaire hedge-fund manager suggested the sale could raise earlier this month.

Mint Tuesday. “We are very eager to do it. Maybe by the year end, if we can." The acquisitions would be in the kitchen essentials space, he said, adding that more targets are available among regional companies.

prospectus (DRHP) with market regulator SEBI to raise funds via the initial public offering (IPO) route. The IPO will be a fresh issue of 40.86 lakh equity shares with a face value of Rs 10 per share.

Premier Energies Ltd and P N Gadgil Jewellers Ltd, have received Sebi's go-ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Tuesday. The other two firms that obtained the regulator's clearance to float initial share sales are — Ecos India Mobility and Hospitality Ltd and KRN Heat Exchanger Ltd. The four companies, which filed their preliminary IPO papers between March and April, obtained Sebi's observation letters during July 22-26.

grey market premium (GMP) for the company’s shares is currently pegged at Rs 12-13, indicating a potential premium of 16% above the issue price. The price band for the IPO has been fixed at Rs 72-76 a share.

VL Infraprojects listed on the NSE SME platform with a premium of 90% on Tuesday. The stock debuted at Rs 79.8 against an issue price of Rs 42. Ahead of the listing, the company's shares traded with a GMP of around Rs 60 in the unlisted market.

Ola Electric on Monday announced the price band of Rs 72-76 for its upcoming initial public offering (IPO) which will open on August 2 and close on August 6. The IPO comprises a fresh issue of shares worth Rs 5,500 crore and an offer for sale (OFS) of 8,49,41,997 shares, according to the draft prospectus. At the upper price band of Rs 76, the OFS would be worth about Rs 645.56 crore.