Page 23 - Top Stories on IPOs
Hyderabad-based Penna Cement gets Sebi nod for Rs 1,550 crore IPO
The IPO includes fresh issue of Rs 1,300 crore and anoffer for sale of up to Rs 250 crore by its promoter PR Cement Holdings, which currently holds 33.41% stake in the company
 "Hyderabad-based Penna Cement gets Sebi nod for Rs 1,550 crore IPO")
SME offerings make a comeback in CY2021, mop-up 3x over last year
Last year as investors preferred larger companies that were deemed more resilient amid Covid; Calendar 2018 was the best year for SME IPOs, with 141 offerings garnering Rs 2,287 cr
 "SME offerings make a comeback in CY2021, mop-up 3x over last year")
MobiKwik turns unicorn ahead of initial public offering
The company has received markets regulator Sebi's approval to launch an initial public offering, through which it plans to raise up to Rs 1,900 crore.
 "MobiKwik turns unicorn ahead of initial public offering")
Asia Pac IPOs strongest since 1980, raise $125 bn till Sept of CY21
IPO proceeds up 73% from a year ago; number of offerings grow 42.3% YoY
 "Asia Pac IPOs strongest since 1980, raise $125 bn till Sept of CY21")
IPOs: From Paytm to Oyo, complaints are holding up key clearances
Will delays in approval to Paytm, Oyo IPOs slam the brakes on India's record run? What are the issues? And what's the standard time taken for an IPO clearance? Let us take a look in this report
 "IPOs: From Paytm to Oyo, complaints are holding up key clearances")
Indian companies to raise Rs 75,000 cr via IPOs in next 6 months, says KPMG
A lot of money printed during the Trump administration is invariably finding its way to the stock markets globally and India is one of the beneficiaries, says a KPMG executive
India a key driver in global IPO boom in the third quarter, says EY
547 IPOs the world over raised $106.3 bn in Q3 of CY2021, up 18% by deals than previous third-quarter record set in 2007 and 11% higher mop up than the last record setting third quarter in 2020
 "India a key driver in global IPO boom in the third quarter, says EY")
SJS Enterprises, Mobikwik, Skanray Tech get Sebi nod for IPOs
In 2021, there has been a flurry of activities in the IPO space, with many companies tapping the primary market to raise funds.
India accounts for 3% of global IPO proceeds worth $330.6 bn in Jan-Sep
With over 70 companies coming out with their initial share sales, India might have emerged as one of the top IPO markets in terms of proceeds at $9.7 billion in the first nine months of this year
Paytm in talks with sovereign wealth funds, BlackRock for IPO stakes
State-backed wealth investors Abu Dhabi Investment Authority and Singapore's GIC Pte are among those weighing bidding to participate in the IPO, sources said
 "Paytm in talks with sovereign wealth funds, BlackRock for IPO stakes")
Sebi proposes sweeping changes to HNI allotment process for IPOs
Also suggests changes to price discovery norms
 "Sebi proposes sweeping changes to HNI allotment process for IPOs")
TikTok rival loses steam: World's roughest IPO this year is Chinese firm
Investors who bought Kuaishou Technology after the TikTok rival went public in Hong Kong have notched the widest peak-to-trough slump among global initial public offerings this year
 "TikTok rival loses steam: World's roughest IPO this year is Chinese firm")
Shrinking price bands may trigger Sebi rule on keeping minimum 5% gap
The move is to facilitate the so-called book building process used for price discovery during IPOs
LIC IPO: Govt may not need to amend any law to permit foreign participation
Foreign participation would be allowed as per the listing norms of the Securities and Exchange Board of India (SEBI) and the extant sectoral FDI guidelines
 "LIC IPO: Govt may not need to amend any law to permit foreign participation")
Fino Payments Bank gets Sebi nod for initial share saleto raise Rs 1,300 cr
Markets regulator Sebi has given its nod for the initial public offering of Fino Payments Bank, which is looking to raise around Rs 1,300 crore
Sebi proposes minimum price band for IPOs, sub-categorisation of NIIs
Sebi has invited comments on its proposals in a consultation paper for review of price band and book building framework for public issues. The comments can be submitted till October 20, 2021
 "Sebi proposes minimum price band for IPOs, sub-categorisation of NIIs")
Busiest summer for Asia IPOs on record with $56 billion in deals
Busiest summer for Asia IPOs on record with $56 billion in deals
 "Busiest summer for Asia IPOs on record with $56 billion in deals")
Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake
In the DRHP, the firm says its app has been downloaded 100 million times and its major focus geographies are India, Malaysia, Indonesia and Europe
 "Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake")
Aditya Birla Sun Life AMC IPO subscribed 5.2x, mops up Rs 10,374 cr
Institutional investor portion subscribed 10.4 times, HNI 4.4 times and retail portion was subscribed 3.22 times
Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO
Plans to raise Rs 1,500-1,600 cr; This is the second pharmacy chain to file for IPO after Hyderabad-based MedPlus, which filed its DRHP with Sebi in August
 "Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO")
