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Paras Defence IPO sees 40.6 times subscription on Day 2

22 Sep, 2021, 05.11 PM IST

One major reason behind the exuberance may be the massive demand for shares in the grey market. Paras Defence has fixed the price band at Rs 165-175 apiece for the issue, whereas the shares are trading a hefty premium of about 120 per cent over its issue price.

Paras Defence raises Rs 51 cr from anchor investors ahead of IPO

20 Sep, 2021, 11.59 PM IST

The company has allotted 29,27,485 equity shares to anchor investors at Rs 175 apiece, valuing the transaction at Rs 51.23 crore, according to a circular uploaded on the BSE website.

Mutual funds subscribe to IPOs, up play in health, chemical stocks

15 Sep, 2021, 09.06 AM IST

Fund managers have shown high conviction in Initial Public Offers during August. They subscribed to the issues of Chemplast Sanmar, Nuvoco Vistas, Devyani International, CarTrade Tech and Krsnaa Diagnostics as many of these companies have unique business models and leadership positions within their industries.

Ahead of IPO, Sansera Engineering raises Rs 382 cr from anchor investors

14 Sep, 2021, 12.50 AM IST

The company has decided to allocate 51,35,162 equity shares to anchor investors at Rs 744 apiece, valuing the transaction to Rs 382.05 crore, according to a circular uploaded on the BSE website on Monday.

IPO fund outperforms Sensex, Nifty in bumper year of listings

07 Sep, 2021, 02.47 PM IST

The Edelweiss Recently Listed IPO Fund didn’t participate in most of this year’s new offers as many didn’t meet the criteria for valuations and business models, Gupta said in an interview on Sept. 1.

Many mutual funds are allocating big money to IPOs. Should you be worried?

19 Aug, 2021, 09.35 AM IST

Mutual funds have been betting big on IPOs in the last couple of months. The last quarter has seen big-ticket IPOs hitting the market. Some mutual fund houses have gone big on these IPOs while many others have stayed away from them.

Prudent Corporate Advisory Services files draft papers for IPO

15 Aug, 2021, 12.02 PM IST

The Initial Public Offer (IPO) consists of 8,549,340 equity shares of face value of Rs 5 each of Prudent Corporate Advisory Services Limited comprising an offer for sale of up to 8,281,340 equity shares by Wagner Limited and up to 268,000 equity shares by Shirish Patel. This offer includes a reservation for purchase by eligible employees.

Mutual funds bet big on primary offers

14 Aug, 2021, 09.19 AM IST

​​High valuation of several large and mid-sized companies and rangebound movement in the market during the month could have been a few key reasons why fund managers focused more on IPOs.

Devyani International collects Rs 825 cr from anchor investors

04 Aug, 2021, 11.03 AM IST

A total of 28 foreign portfolio investors (FPIs) participated in the anchor book on Tuesday. Some of them were Abu Dhabi Investment Authority, Fidelity, Goldman Sachs, Monetary Authority of Singapore, Abu Dhabi Investment Council, Government of Singapore, Jupiter Asset Management, Nomura and Macquarie.

Missed allotment in IPO listings? Try participating via Edelweiss Recently Listed IPO Fund

27 Jul, 2021, 01.18 PM IST

IPOs like Zomato have seen stellar response and according to reports, at least nine companies are planning to raise over Rs 20,000 crore through IPOs over the next two weeks.

Mutual funds turn to quality mid & small caps, IPOs

15 Jul, 2021, 09.30 AM IST

A few prominent companies which found a place in the June portfolio of leading fund houses are KNR Constructions, TVS Motor, HDFC Life Insurance and Brigade Enterprises. Money managers also showed appetite for initial public offerings.

Zomato raises Rs 4,197 crore from 186 anchor investors ahead of IPO

13 Jul, 2021, 11.39 PM IST

The funds raised through anchor investors are almost 45% of the total issue size.

Mobikwik files DRHP to raise Rs 1,900 crore via IPO

13 Jul, 2021, 10.47 AM IST

The Gurgaon-based startup — which was valued at $700 million in its previous equity funding round in April, when it raised Rs 150 crore ($20 million) — is eyeing a valuation of $1 billion (Rs 7,459 crore) at its public market listing.

Mobikwik nears DRHP filing amid startup IPO rush

09 Jul, 2021, 09.30 PM IST

Mobikwik completed the paperwork on Thursday and could file it with the Securities and Exchange Board of India soon, a person aware of the matter said.

Loss making, but IPO bound! When can Paytm deliver profit?

29 May, 2021, 01.58 PM IST

It is very likely that the Berkshire Hathaway-backed company will be a loss-making entity when the subscription window for the IPO opens for the public. In 2019-20, the payment services company reported a net loss of Rs 2,942 crore and burned cash from operations worth Rs 2,385.3 crore.

Aditya Birla Capital board approves AMC arm’s IPO

14 Apr, 2021, 09.06 PM IST

The board has approved an offer for sale of up to 28.5 lakh shares of face value of Rs 5 held by the company in the AMC, the company said in a notification to exchanges.