IPO Financial News

Ola Electric Mobility as the valuation of the electric two-wheeler maker's initial public offering (IPO) approaches $4 billion, down from earlier expectations. The IPO is set to open August 2. Domestic investors, including SBI AMC, HDFC AMC, Nippon Life India AMC and UTI AMC will bid about $200 million each, while international ones such as Fidelity, Nomura and Norway's Norges Bank will bid in the range of $75-100 million each.

Ola Electric's IPO is set to draw investor bids from Fidelity, Nomura and Norway's Norges Bank, as well as several Indian mutual funds, two sources with direct knowledge told Reuters.

Fresh lobster from Maine. Bags of frozen peas. Racks of ribs, shrink-wrapped in plastic.

Ceigall India announced that the bids for its initial public offering (IPO) will open on August 1 and close on August 5. The IPO consists of a fresh issue of shares worth Rs 617.69 crore and an offer for sale (OFS) of up to 1.42 crore shares with a face value of Rs 5 per share.

tech tycoon was at a small coastal Mexican village when a small boat with just one fisherman docked. Inside the boat were several large yellowfin tuna. The techie complimented the fisherman on his fish and asked how long it took to catch them.

Standard Glass Lining Technology Limited on Friday said it has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offer (IPO). The city-based firm in the DRHP said the public issue comprises a fresh issue of shares with a face value of Rs 10, aggregating up to Rs 250 crore and an offer for sale of 18.444 million shares of Rs 10 each, aggregating up to Rs 350 core.

Sanstar will debut on the exchanges on Friday. Ahead of the listing, the company's shares are trading with a GMP of Rs 30 in the unlisted market. Considering the upper price band of Rs 35, the stock is expected to list with a premium of 32%.

capital markets regulator SEBI to float an initial public offering (IPO). The size of the proposed IPO would be around Rs 850 crore, sources said.

wildlife and conservation-focused lodges to guests, on Wednesday announced plans to achieve Rs 100 crore in revenue by FY28 from Rs 18 crore in FY24. In line with its growth strategy, the Delhi-headquartered company has set its sights on an Initial Public Offering (IPO) to fund its expansion plans. Jungle Camps India clocked a total revenue of Rs 18.10 crore and a profit after tax (PAT) of Rs 3.59 crore in FY24, compared with total revenue of Rs 11.24 crore and PAT of Rs 45 lakh in FY23, registering a healthy growth of 61 per cent in revenues and a five-fold jump in profit.

SME IPOs are commanding a premium of over 100% above the issue price, according to the latest grey market trends. The shares of VL Infraprojects, whose IPO opened for subscription on Wednesday, are trading with a GMP of Rs 55 in the unlisted market. This translates to a premium of over 130% to the offer price.

According to research undertaken by national accountancy group UHY Hacker Young, 80 companies abandoned London's alternative market in the last 12 months to year end June 30 2024. The shrinkage marks a significant drop off from its pre-financial crisis peak of 1694 in June 2007.   A dearth of IPOs is one of the factors driving this decline, as evidenced by the drop from 58 new AIM public offerings in 2022/23 to just eight in 2023/24. Alternative Investment Market hit by sharp liquidity declines as investors turn to the US This also follows a recent drift across the pond as companie...

Bitcoin investment company Swan Bitcoin has abandoned plans to go public soon and intends to shut down its managed mining operations.

SME IPO of VVIP Infratech has opened for subscription today and will close on July 25. The company aims to raise about Rs 61.21 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) VVIP Infratech IPO size

Securities and Exchange Board of India (Sebi) has intensified surveillance of initial public offerings (IPOs), slowing approvals, as it looks to safeguard investors. The average approval time for IPOs in calendar year 2024 has lengthened to 125 days, the most in 11 years, according to primedatabase.com data. Out of the 44 IPOs approved by Sebi this year, 18 have taken more than 125 days, data showed.

Stallion India Fluorochemicals has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO comprises a fresh issue of up to 1.78 crore equity shares and an offer-for-sale (OFS) component of up to 43.02 lakh shares by its promoter Shazad Sheriar Rustomji, as per the Draft Red Herring Prospectus (DRHP). Proceeds from the issue will be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.

₹38,765 crore. While this dip was largely anticipated, the real letdown came from its retail arm, Reliance Retail Ventures Ltd (RRVL), where growth momentum slowed significantly. RRVL’s revenue growth stood at 7% year-on-year in Q1, even as the average area operated in terms of square feet increased by 18%.

Sati Poly Plast listed on the NSE SME platform with a premium of 90% on Monday. The stock debuted at Rs 247 as against an issue price of Rs 130 per share. Ahead of the listing, the company's shares traded with a premium of Rs 140 in the unlisted market.

JSW Infrastructure Ltd, India’s second-largest port operator, is considering building green hydrogen and ammonia plants at its ports to diversify into this potential growth market. “This is a new age business that is emerging. We have been contemplating and exploring opportunities in this sector,” Arun Maheshwari, joint managing director told ET. “We’ve been approached by companies interested in the green hydrogen and ammonia segment, and we are evaluating the potential to enter this market as well,” he added.

Shriram Properties has appointed Gopalakrishnan J as executive director and group CEO. He is currently serving as an executive director and Group CFO. As part of this transition, K R Ramesh will assume the role of executive director — strategy and corporate development, moving from his current position as ED-Operations. Gopalakrishnan, who joined SPL in 2018, has been instrumental in driving the company's transformation and played a vital role in the IPO process. With over 33 years of experience in corporate finance and capital markets, including tenure at Reliance Industries Limited (RIL) and the Aditya Birla Group, he brings extensive expertise to his new role.

At 12:12 p.m., the public issue was subscribed 1.55 times. The retail category was subscribed 1.94 times, while the NII portion garnered 2.7 times bids. There were no bids from qualified institutional buyers so far.

ET Intelligence Group: Ahmedabad-based Sanstar is the fifth-largest manufacturer of maize-based speciality products and ingredient solutions. The company is rolling out a ₹510-crore IPO comprising a fresh issue of ₹397 crore and an offer of sale of ₹113 crore. The public offer represents 29% of the post-IPO paid-up capital of the company. The proceeds of the issue will be used to fund expansion and repay debt. Business: Set up in 1982, Sanstar is a third-generation family business involved in manufacturing maize starch, dried and liquid glucose, gluten, fibre, and enriched protein. These ingredients have functionality in the packaged foods industry, animal nutrition products, and industrial products. Sanstar is a supplier to leading FMCG companies such as Hindustan Unilever, ITC and Nestle. Nearly 60% of the company's revenues are earned from the food industry. The company earns over a third of its revenues from exporting to 49 countries. It has an installed capacity of 1,100 tonnes per day through its two manufacturing facilities at Kutch in Gujarat and Dhule in Maharashtra.