Business Standard brings you the top stories on Tuesday
MapmyIndia, which powers Apple Inc's maps in the country, surged 54% in its market debut on Tuesday following a bumper initial public offering subscription last week
SoftBank-backed Indian e-commerce platform Snapdeal filed for an initial public offering on Tuesday, joining dozens of firms in the country that have tapped the capital markets this year.
The stock gained a bit after listing and ended the session at Rs 99.4 - a 15.7 per cent discount to its issue price
According to sources, the firm is expected to list early next year.
The initial public offer of Supriya Lifescience Limited was subscribed 71.47 times on the last day of share sale on Monday.
Shriram Properties' initial share sale got subscribed 4.60 times on the final day of the offering earlier this month
These three companies, which filed their preliminary IPO papers with Sebi between August and September, obtained observation letter from the regulator during December 16-17
The initial share sale of Supriya Lifescience Limited received 5.69 times subscription on the second day of offer on Friday.
QIB portion subscribed 186 times, HNI by 260 times, and retail by 23.6 times
Cash management company CMS Info Systems has fixed a price band of Rs 205-216 a share for its Rs 1,100-crore initial public offering (IPO).
The body had earlier urged Sebi to suspend OYO's IPO process, drawing attention to alleged irregularities, such as being engaged in anti-competitive business practice
The initial public offer of Supriya Lifescience Ltd was fully subscribed within a few hours of opening for subscription on Thursday on the back of a strong response from retail investors
The issue would be a mix of fresh issuance and offer for sale (OFS) for existing shareholders
On Wednesday, the company raised Rs 315 crore from anchor investors
The price band for the IPO is Rs 555-Rs 585 per share.
Through the IPO, Medplus raised Rs 600 crore in fresh capital. The remaining Rs 798 crore was an OFS
JV partners SBI, Amundi to divest 6% and 4%, respectively
The company may also consider raising Rs 180 crore via a pre-IPO placement before filing its red herring prospectus and, if that happens, the issue size will be altered accordingly
The number of new initial public offerings (IPOs) worldwide in 2021 increased 64 per cent year-on-year to 2,388, according to a study published by the consulting firm Ernst & Young (EY).