Initial Public Offer

Initial Public Offer News

LIC IPO opens on 4 May, to list on stock exchange on 17 May; price band Rs 902 to 949
Business

LIC IPO opens on 4 May, to list on stock exchange on 17 May; price band Rs 902 to 949

The government is selling over 22.13 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering, which opens on 4 May and closes on 9 May

Paytm IPO: Total subscription at 1.51 times on final bidding day, retail portion booked 2.13 times
Business

Paytm IPO: Total subscription at 1.51 times on final bidding day, retail portion booked 2.13 times

Retail investors subscribed 1.5 times to the IPO, and non-institutional subscribers put in bids for 17 percent against their reserved portion

Adani Wilmar files draft red herring prospectus with SEBI for Rs 4,500 crore IPO
Business

Adani Wilmar files draft red herring prospectus with SEBI for Rs 4,500 crore IPO

Adani Enterprises Limited said net proceeds from the IPO are proposed to be used by Adani Wilmar to fund expansion of existing manufacturing facilities

RailTel IPO opens for subscription; share allocation likely to be finalised by 23 February
Business

RailTel IPO opens for subscription; share allocation likely to be finalised by 23 February

RailTel reported a stable financial performance over FY18-20, with the company reporting 7.5 percent CAGR rise in top-line to Rs 1,128 crore in FY20

RailTel IPO: State-run firm opens public subscription on 16 Feb, sets price band at Rs 93-94 per share
India

RailTel IPO: State-run firm opens public subscription on 16 Feb, sets price band at Rs 93-94 per share

The IPO is entirely an offer-for-sale through which government will offload 87,153,369 equity shares amounting to a 27.16 percent stake, the company said

Brookfield India launches Rs 3,800-cr real esate investment trust IPO; price band fixed at Rs 274-275
Business

Brookfield India launches Rs 3,800-cr real esate investment trust IPO; price band fixed at Rs 274-275

The issue will open for subscription on 3 February and close on 5 February, and bids can be made for a minimum of 200 units and in multiples of 200 thereafter by bidders other than anchor investors

Indigo Paints IPO share allotment to be finalised today; here's how to check status
India

Indigo Paints IPO share allotment to be finalised today; here's how to check status

The market lot size of the Indigo Paints IPO is 10 shares and the price band was fixed at Rs 1,488-1,490 a share for the initial share-sale

SBI Cards IPO subscribed 22.45 times on final day of bidding, receives bids for Rs 2 lakh cr
Business

SBI Cards IPO subscribed 22.45 times on final day of bidding, receives bids for Rs 2 lakh cr

The initial public offer of SBI Cards and Payment Services was subscribed 22.45 times on the final day of bidding on Thursday

SBI Cards IPO subscribed 15.15 times so far on third day of bidding; public offer closes tomorrow
Business

SBI Cards IPO subscribed 15.15 times so far on third day of bidding; public offer closes tomorrow

SBI Cards and Payment Services initial public offer was subscribed 15.15 times so far on the third day of bidding on Wednesday

Burger King India gets SEBI's go ahead to float IPO; proceeds from maiden offer to be utilised to rollout new restaurants
Business

Burger King India gets SEBI's go ahead to float IPO; proceeds from maiden offer to be utilised to rollout new restaurants

Quick service restaurant chain Burger King India has received markets regulator SEBI's approval for an initial public offer

Prince Pipes and Fittings IPO subscribed 2 times so far on last day of bidding
Business

Prince Pipes and Fittings IPO subscribed 2 times so far on last day of bidding

The initial public offer of Prince Pipes and Fittings was subscribed 2 times so far on the last day of bidding on Friday

Prince Pipes sets IPO price band at Rs 177-178 per share; public offer to open on 18 December
Business

Prince Pipes sets IPO price band at Rs 177-178 per share; public offer to open on 18 December

Prince Pipes and Fittings on Friday said it has fixed a price band of Rs 177-178 per share for its initial public offering, through which it is expecting to raise Rs 500 crore

CSB IPO: Kerala-based bank mops up Rs 184 cr from anchor investors; maiden public offer opens today
Business

CSB IPO: Kerala-based bank mops up Rs 184 cr from anchor investors; maiden public offer opens today

Kerala-based lender CSB Bank on Thursday raised Rs 184 crore from anchor investors, ahead of its initial share sale commencing on Friday

Ujjivan Small Finance Bank gets SEBI's go-ahead for Rs 1,200-cr initial public offer
Business

Ujjivan Small Finance Bank gets SEBI's go-ahead for Rs 1,200-cr initial public offer

Ujjivan Small Finance Bank has received markets regulator SEBI's go-ahead to raise Rs 1,200 crore through an initial public offer (IPO)

IRCTC files draft papers with SEBI for IPO; company plans to raise about Rs 500-600 cr
Business

IRCTC files draft papers with SEBI for IPO; company plans to raise about Rs 500-600 cr

Indian Railway Catering and Tourism Corporation (IRCTC) has filed draft papers with markets regulator SEBI for its initial public offer

Spandana Sphoorty Financial makes market debut; falls nearly 4% below its issue price
Business

Spandana Sphoorty Financial makes market debut; falls nearly 4% below its issue price

Shares of microfinance lender Spandana Sphoorty Financial made a tepid debut on the bourses on Monday, falling nearly 4 percent over its issue price of Rs 856

SBI proposes to dilute stake in credit card business through initial public offer route
Business

SBI proposes to dilute stake in credit card business through initial public offer route

State Bank of India (SBI) on Wednesday said it is planning to dilute stake in its card business through the initial public offer (IPO) route

Affle India Rs 459-cr IPO subscribed 86.45 times so far on final day of bidding
Business

Affle India Rs 459-cr IPO subscribed 86.45 times so far on final day of bidding

The initial public offer of mobile marketing company Affle India was subscribed 2.38 times so far on the final day of bidding on Wednesday

Airtel Africa appoints JP Morgan, Citigroup, Goldman Sachs among eight global banks to work on IPO plan
Business

Airtel Africa appoints JP Morgan, Citigroup, Goldman Sachs among eight global banks to work on IPO plan

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'.

Online marketplace IndiaMart and Avana Logistek get SEBI's go ahead  to float initial share sale offers
Business

Online marketplace IndiaMart and Avana Logistek get SEBI's go ahead to float initial share sale offers

SEBI's observations are necessary for any company to launch IPO, follow-on public offer and rights issue.