IPOs Financial News

₹94 to ₹99 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Wednesday, August 23. Bids can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.

Kaynes Technology India Ltd was at the top of the list with gains of 195.10% from its IPO price of ₹587. The initial public offering had a 34.1 times subscription and a 17.50% listing gain. When it comes to end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing, Kaynes Technology is a leader with skills spanning the entire gamut of electronics system design and manufacturing services.

open for subscription on 18 August with a fixed price band of ₹151-166 per share with a bid for a minimum of 90 shares in a lot. The anchor investor allocation will be conducted for a day on 17 August. The packaging company is aiming to raise around ₹139 crore to ₹150 crore through a fresh issue of 55 lakh shares and an offer-for-sale of 32.7 lakh shares.

IPO market is also buzzing with high-value IPOs, both in the mainboard and the SME space. India’s rising purchase power has resulted in consistent growth in investment from retail investors and institutional investors alike. Guided by SEBI, the increased awareness and investor-centric environment have enabled a transparent transaction eco-system that is helping investors in making informed decisions.

IPOs in August: The primary market witnessed some major listings in both main board and SME IPOs in July, which kept investors engaged with subscriptions and listings. Moving on, August will also witness new listings some much-awaited IPO issues that are available for subscription. Let's take a look at some of the companies that are opening for subscription this month, along with few that are getting listed on the bourses.

TVS Supply Chain Solutions will open on Thursday, July 10. In the SME space, Srivari Spices and Foods will launch its public issue on Monday, August 7. Investors will also have the opportunity to subscribe to the ongoing issues viz.

IPOs) are lined up to raise nearly ₹8,000 crore in August, according to investment bankers.Companies such as SBFC Finance, Concord Biotech, Jupiter LifeLine Hospitals, TVS Supply Chain Solutions, Balaji Speciality Chemicals, Yatra Online, Innova Captab, Aeroflex Industries, Rishabh Instruments, and Vishnu Prakash R Punglia are likely to launch their maiden public issue this month. The ₹1,551 crore public issue of Ahmedabad-based pharmaceutical firm Concord Biotech will open today for public subscription, while the ₹1,025 crore Mumbai-based non-banking finance company SBFC Finance public issue opened on Wednesday. The mood in the primary market is better now with a strong secondary market, according to bankers.

₹400 crore and an offer for sale (OFS) of up to 4,68,19,635 shares by promoters and existing shareholders. The shareholders in the OFS would include promoters and co-founders -- Varun Alagh and Ghazal Alagh -- Bollywood actor Shilpa Shetty Kundra, Rohit Kumar Bansal, Sofina Ventures and Kunal Bahl. According to the Draft Red Herring Prospectus (DRHP), the IPO of Indegene comprises of a fresh issue of equity shares worth up to ₹950 crore and OFS of up to 3.63 crore equity shares by existing investors.

Honasa Consumer and Indegene filed their preliminary IPO papers with Sebi in December 2022, while that of Vishnu Prakash R Punglia was filed in April 2023. The three companies obtained Sebi's observations letter during July 25-28, an update with the regulator showed on Thursday.

“There is enormous opportunity arising in Defense, semiconductor manufacturing, EV, Renewables and contract manufacturing and a lot of small to medium companies have started to operate in these areas, and these companies could well be future candidates for IPOs,” says Roop Bhootra, CEO, Investment Services, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Bhootra, said: “Investors should always deeply study the companies and the valuation it is demanding before applying in new IPOs” Edited excerpts:We are seeing some nervousness at record highs for Mr. Market. How do you see things moving – have we hit the top for the moment? We are in the middle of the earnings season and about 30 out of 50 companies have declared earnings so far, and in index weight terms, it is about 70%.

From finance startup Paytm to the nation’s largest insurer, investors have lost money from those IPOs in the past two years. They’ve turned to companies offering up to just $100 million in stock sales, as India hosted 92 such listings this year, the most in the world, according to data compiled by Bloomberg. Small firms are selling shares for their financing needs after interest rates surged, as they take advantage of a five-month market rally.

₹1 trillion, some heralded a new phase for Indian internet businesses. Five more internet businesses—typically, visible and fast-growing, but bleeding—followed Zomato to sell shares to the public at rich valuations, in the process offering exits to institutional investors who had shepherded them till then. Two years on, public investors stand singed, private capital faces animosity, and companies are under scrutiny.

IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Dalal Street is gearing up for another busy week in the primary market as five main board and small and medium enterprises (SME) IPOs to hit the primary market this week.SBFC FinanceThe initial public offer (IPO) of non-banking lender SBFC Finance will open for public subscription on August 3 and closes on August 7. The allocation to anchor investors will be done on August 2. It has fixed price band at Rs 54-57 per share for the issue. The initial share sale comprises fresh issuance of equity shares worth Rs 600 crore and an Offer for Sale (OFS) of Rs 425 crore. The company had filed preliminary IPO papers with Sebi in November last year. Under the OFS, selling shareholders include Arpwood Partners Investment Advisors who will offload equity worth Rs 306 crore, Arpwood Capital, Eight45 Services will sell up to Rs 75 and Rs 43 crore, respectively. The proceeds from the fresh issuance worth Rs 600 crore will be used to boost its capital base to meet future capital requirements.

IPOs Next Week: The primary market witnessed some major listings in both main board and SME IPOs this month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees the start of the new month, which is similarly packed with new listings and IPO issues, that are available for subscription. Let's take a look at some of the companies that are opening for subscription this week, along with few that are getting listed on the bourses.

₹285 to ₹300 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Tuesday, July 25. Yatharth Hospital IPO consists of a fresh issuance of shares for ₹490 crore and an offer by the promoters Vimla, Prem Narayan, and Neena Tyagi to sell 65.51 lakh equity shares.

Upcoming IPOs: After dream listing of ideaForge Technologies, Cyient DLM and Senco Gold IPOs ((Initial Public Offers), primary market is eagerly awaiting the arrival of two more book build issues next week — Netweb Technologies and Asarfi Hospital IPO. Both upcoming IPOs will open on Monday next week. A total of around ₹658 crore would be at stake in primary market next week as Netweb Technologies IPO size is ₹631 crore while Asarfi Hospital IPO aims to raise ₹26.94 crore from its public offer.

Securities and Exchange Board of India (Sebi) is asking companies planning initial public offers (IPOs) to remove director nomination rights provided to promoters and investor shareholders from the articles of association. They have to instead seek shareholder approval for such rights after listing, said sources aware of the development. The move is aimed at strengthening corporate governance.

Veteran financier Jon Moulton has been involved in buyouts, turnarounds and venture capital since 1979 with firms such as CVC, Permira, Apax, Alchemy and, most recently, Better Capital, where he has been the chair since 2009

The London IPO market slump continues into 2023 as inflation, high interest rates and geopolitics weigh on the minds of firms.

Mankind Pharma Ltd. since its listing in Mumbai in May could trigger more consumer-related initial public offerings in India in the second half, according to bankers. The company, which raised 43.3 billion rupee ($528 million) in India’s second-largest new share sale this year, has seen its shares jump 57% in almost two months, drawing a rush of buy calls from analysts.

Technology companies are selling for an average of 23.9 times their last 12 months’ revenue in initial public offerings (IPOs), the highest price-to-sales ratio since the tech bubble of 2000, recent research from a University of Florida professor said.