INITIAL PUBLIC OFFERINGS
Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer
The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with no OFS component involved. According to market analysts, Bansal Wire currently commands a GMP of Rs 65 in the unlisted market.
IPO Calendar: Primary market gears up for another robust week as 3 companies look to raise Rs 2,700 cr
Apart from the above 3 public offers, the Street will see as many 11 listings including that of Allied Blenders and Vraj Iron and Steel, which received healthy investors' response for their IPOs in the week gone by.
US IPOs off to their best start in a while
Wall Street's equity capital markets see a resurgence with IPOs and equity offerings surpassing $20 billion in the first half of 2024, marking the strongest start since 2021. Enhanced investor engagement and favorable market conditions signal a potential bounce-back year, encouraging companies like Lineage to pursue significant listings amid balanced valuation discussions.
Aris Infra plans to raise Rs 600-700 crore via IPO
Aris Infra, a Mumbai company using technology to streamline construction material procurement, is planning an IPO to raise Rs 600-700 crore. The company has attracted investment from prominent individuals and prestigious financial institutions including Think Investments, TPG Capital, and BlackRock.
Allied Blenders and Distillers IPO booked 51% on Day 1. Check GMP and other details
Allied Blenders & Distillers IPO saw 51% subscription with promoters planning stake sale. Revenue grew 9% year-on-year to Rs 5,915 crore. ICICI Securities, Nuvama Wealth Management, and ITI Capital are the book running lead managers for the IPO.
Stanley Lifestyles IPO booked 3.2 times so far on Day 2. Check GMP and other details
Stanley Lifestyles, a luxury furniture maker, saw its IPO oversubscribed 3.2 times on the second day. The net proceeds will fund store expansion and renovation.
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Armee Infotech files papers to garner Rs 250 cr via IPO
IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO).
Stanley Lifestyles high on luxury quotient, raises Rs 161 cr from anchors
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
Akme Fintrade IPO: 10 things to know before subscribing to the issue
Akme Fintrade's IPO opens on June 19, aiming to raise Rs 132 crore. It offers rural and semi-urban lending solutions, including vehicle and business finance products.
Hyundai Motor IPO: 10 things investors should know about the public offer
Hyundai Motor's Indian arm has filed preliminary papers with SEBI for a $2.5-$3 billion IPO. The company aims to raise funds by selling shares through a public offer.
Stanley Lifestyles IPO opens on June 21, check price band, GMP and other details
Stanley Lifestyles announces IPO opening on June 21 with a price band of Rs 351-369 per share. It aims to raise Rs 537 crore and be listed on NSE and BSE platforms.
DEE Development IPO Opens June 19
DEE Development Engineers, headquartered in Haryana, unveils its 418 crore IPO with a price band of 193-203 per share, opening for subscription on June 19 till June 21. The offering comprises a fresh issue of 325 crore and an offer for sale of 93.01 crore by existing shareholders, allowing investors to subscribe for a minimum of 73 equity shares.
Ixigo parent’s IPO subscribed 98.1x
Le Travenues Technology's IPO, backing online travel giant Ixigo, garnered massive interest, oversubscribed by 98.1 times, with retail, institutional, and high-net-worth investors showing overwhelming demand, signaling robust market enthusiasm.
Ixigo IPO opens for subscription. Should you bid?
Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.
Wait for Ixigo to list before taking a call
Le Travenues Technology, the promoter of Ixigo, is raising ₹740 crore through an IPO, with a fresh issue of ₹120 crore and an OFS of ₹620 crore.
Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?
Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.
Ixigo raises Rs 333 crore from anchor investors ahead of IPO
Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore are some of the marquee investors who subscribed to Ixigo's anchor book. The company had already announced pre-IPO secondary placements of around Rs 176.2 crore at the top end of price band.
Ixigo to launch its IPO on June 10. Check key details
The IPO comprises fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes.
Kedaara-backed Ajax Engineering is said to plan India IPO
The concrete equipment maker is planning its IPO in Mumbai in the fourth quarter, said sources A listing could value the company at $1.2 billion, and the company aims to file a prospectus for the share sale by August.
Bill Ackman's Pershing Square sells 10% stake to raise $1.05 billion
Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said on Monday.
Kronox Lab Sciences IPO opens on Monday. 10 things to know before subscribing to the issue
Kronox Lab Sciences plans to raise around Rs 130 crore from the issue. The IPO is completely an offer for sale of up to 97.5 lakh shares with no fresh issue component. The current GMP of the company is Rs 80 in the unlisted market.
Beacon Trusteeship IPO to open on May 28; sets price band at Rs 57-60/ share
Leading debenture trustee Beacon Trusteeship Ltd on Wednesday said it is aiming to raise a little over Rs 32 crore through its initial share-sale opening for public subscription on May 28.
Ahead of IPO, Awfis Space Solutions garners Rs 268 crore from anchor investors
Those who participated in the anchor round include -- Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF, UTI MF, Aditya Birla Sun Life Insurance Company and SBI General Insurance Company.
Awfis Space Solutions IPO price band fixed at Rs 364-383; offer to open on May 22
Awfis Space Solutions' IPO opens for subscription on May 22, with a price band of Rs 364-383 per share. The offering aims to raise between Rs 576-599 crore, valuing the company at Rs 2,659 crore.
Officer's Choice whisky maker Allied Blenders gets Sebi's nod for Rs 1,500-crore IPO
Allied Blenders and Distillers Ltd, which filed preliminary IPO papers with Sebi in January, obtained its observations on May 10, the update showed.
Appropriate price discovery in IPO: Semi-public market could be a solution
The Semi Public market proposal aims to enhance price discovery and transparency before IPOs, offering early liquidity. Despite regulatory challenges, it could reduce volatility and improve scientific price discovery in IPO markets, serving as a potential final solution.
Aluminum products maker Novelis makes US IPO filing public
The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses.
Rulka Electricals IPO to open on May 16. Check price band and other details
Rulka Electricals IPO will open on May 16 with a price band of Rs 223 - Rs. 235 per share, aiming to raise approximately Rs. 26.4 crore.
Premier Roadlines IPO to open on May 10, price band at Rs 63-67 per share
The company intends to utilise the proceeds from the issue to pare debt availed by the company, purchase vehicles for commercial purposes, meet working capital requirements and general corporate purposes.
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