IPO Financial News

₹333 crore from anchor investors. The subscription period for Le Travenues Technology's initial public offering will wrap up on Wednesday, June 12.Major investors that have subscribed to ixigo IPO's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, the Government of Singapore, and Tata Investment Corporation.“The IPO Committee of the company at its meeting held on June 07, 2024, in consultation with Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited (“Book Running Lead Managers"), have finalised allocation of 35,811,405 equity shares, to anchor investors at anchor investor allocation price of ₹93/- per equity share," said the company in an exchange filing on Friday, June 7.Out of the total allocation of 35,811,405 equity shares to anchor investors, 12,087,583 equity shares (33.75% of the total allocation to anchor investors) were allocated to four domestic mutual funds that applied through a total of seven schemes (SBI Magnum Children's Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, Motilal Oswal Large Cap Fund).ixigo IPO already announced pre-IPO secondary placements of about ₹176.2 crore at the upper end of the price range, which were completed a day before the anchor book opened.ixigo is a digital firm that enables Indian travellers to plan, book, and manage their journeys by train, air, bus, and hotel.

marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said.

Le Travenues Technology, which operates travel platform Ixigo, on Friday raised around Rs 333 crore from anchor investors ahead of its IPO launch. The issue opens for subscription on June 10 and closes on June 12. Some of the marquee investors who subscribed to Ixigo's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, Tata Investment Corp.

Around 99.9% of investors voted in favour, with just 0.02% voting against the repurchase of shares at 1p each. The tender offer plans, first revealed last month, are part of a ‘seven-year promise' from OIT made at its IPO in 2018. OIT's board promised shareholders at the time it would give them the opportunity to realise the value of their investment at net asset value, excluding costs, in the seventh year after the listing and every seven years thereafter. Odyssean investment trust proposes tender offer as part of 'seventh year' promise According to a stock exchange notice on W...

Bajaj Finance rallied over five per cent on Friday, June 7, after the non-banking financial company (NBFC) approved the initial public offering (IPO) of its wholly-owned subsidiary Bajaj Housing Finance. The NBFC will offload shares of its housing finance arm, for ₹3,000 crore in the upcoming public issue.“This is to inform you that the Board of Directors of the company at its meeting held today.

demat accounts today (Friday, June 7). The refunding process for individuals who have not yet received their shares will also be completed today.The speciality chemical company's subscription period began on Monday, June 3, and ended on Wednesday, June 5.

₹198, which is 110.64% higher than the issue price of ₹94.TBI Corn IPO subscriptions commenced on Friday, May 31, and concluded on Tuesday, June 4. The issue's price band was set at ₹90-94 per share.

Magenta Lifecare IPO oversubscribed by 74 times on day 2 so far; check detailsThe IPO garnered bids for 1,36,94,000 shares on the third day as against the total offering of 20,88,000 shares, resulting in an overall subscription rate of 6.56 times, according to Chittorgarh data.The retail portion was booked 11.61 times on the third day, while the non-institutional investors' portion achieved a subscription rate of 1.35 times.The company aims to raise ₹11.4 crore through its IPO, comprising a combination of fresh equity shares and an offer for sale. The price band for the offer is set at ₹52 per equity share, with a face value of ₹5 each.

share allotment of Kronox Lab IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

₹241.00 apiece on NSE SME, a premium of nearly 50% to the issue price of ₹161 per share.Aimtron Electronics IPO listing was better with market expectations as the IPO GMP today, or grey market premium today, was around ₹25 per share, a prmeium of over 15%.The initial public offering (IPO) of Aimtron Electronics opened on May 30 and ended on June 3. Aimtron Electronics IPO allotment was finalized on June 4 and the IPO listing date was June 6.Also Read: Associated Coaters share price hits lower circuit after positive debut, stock opens with 17% premium at ₹142 apieceAimtron Electricals is a provider of products and solutions for electronics system design and manufacturing (ESDM) services.Aimtron Electronics IPO price band was set at ₹153 to ₹161 per share.

Also Read: Kronox Lab Sciences IPO day 3: GMP, review to subscription status. Apply or not?Investors can ascertain if they have been allotted shares and to what extent by identifying the basis of allocation.

Hindalco Industries: Novelis Inc., a subsidiary of Hindalco Industries, has delayed its IPO due to market conditions. The company, which had planned to raise $810 million to $945 million, will reassess the offering’s timing.

Kronox Lab Sciences IPO day 3: The initial public offering (IPO) of Kronox Lab Sciences Limited opened on June 3 2024, and will remain open till June 5 2024. Bidders have just one day to apply for the public issue.

market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy. About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.

Hindalco Industries, announced that it has postponed its initial public offering (IPO) due to market conditions. The company will continue to evaluate the timing of the offering in the future, Novelis said.

₹120 crore and an offer for sale (OFS) of up to 6.66 crore shares. In the OFS, stakeholders such as SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will sell part of their stakes.Also read: Kronox Lab Sciences IPO Day 2: Should you subscribe or not? Check GMP, key dates, subscription status, more.The offering is being conducted through the book-building process, with 75 per cent of the IPO reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.The net proceeds from the public offer are intended to be used for funding working capital requirements, investments in technology, supporting inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.Ixigo is a travel technology company dedicated to empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels.

initial public offering (IPO) of Le Travenues Technology, which operates travel tech platform Ixigo, will open for subscription on June 10 and close on June 12. The company filed its draft red herring prospectus (DRHP) with markets regulator Sebi in February and received approval for the same in May.

Also Read-Sattrix Information Security IPO to open on June 5; price band set at ₹121 apieceInvestors who have applied for the Associated Coaters IPO, can go to te website of the IPO registrar, which is Bigshare Services Pvt Ltd or on the BSE to check the allotment status4. Select one of the options, namely - either the Application number or the Demat Account number, or the PAN ID.5.

₹90, which is 50% higher than the issue price of ₹60. Following a bumper debut, the stock was locked in 5% upper circuit. Beacon Trusteeship IPO started for subscriptions on Tuesday, May 28, and ended on Thursday, May 30.

Continuum Green Energy, a renewable energy generator, is seeking to raise about $650 million in bonds for seven years to refinance its existing debt, said people with knowledge of the matter. The company is likely to appoint Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers. The fundraise is likely to refinance $561 million in bonds raised by its subsidiary, Continuum Energy Levanter Pte Ltd, which were raised at 4.5% and due in February 2027. However, the all-in cost of the bond is almost double the 4.5%,prompting the company to refinance the earlier tranche, a person cited above said.

Wipro, on Monday, announced the appointment of Bruno Schenk as the Country Head and Managing Director for Switzerland, effective immediately.According to the exchange filing, Schenk will report to Wipro’s Europe CEO Pierre Bruno and will succeed René Mulder, who has decided to pursue opportunities outside Wipro.Also read: Infosys chairman Nilekani says GenAI has enormous potential, plays down risks“I extend a warm welcome to Bruno, and I look forward to the insights, energy and rigour he will bring to our clients and teams in Switzerland and as part of our Europe Leadership Team. René and Bruno will work together closely over the coming weeks to ensure a smooth transition.