It is a good sign for the market that more companies are coming up with IPO share launch proposals. The capital market suffered a nosedive when investors went for a frenzied selling spree as cases of COVID-19 started to surface in India. The last big company to announce an IPO share launch was SBI Cards …
Rossari Biotech, a specialty industrial chemical manufacturer, readies itself to launch Rs 500 crore worth of fresh IPO equities. It is the first in the last four months since SBI Card & Payment announced IPO launch on March 5, before nationwide lockdown commenced in the wake of COVID-19 outbreak in the country. The IPO will …
In the latest development, leading online used car seller Vroom has filed to go public. It plans to list in Nasdaq Global Market under the symbol, VRM. Vroom’s rival Carvana Co. went public in 2017. Vroom’s profit in the recent quarter increased by 160 percent after online trade surged amid the CoronaVirus outbreak and customers …
Devyani International, India’s largest franchisee of Yum! Brands and QSR (quick service restaurant) has finalised the basis of allotment for their IPO on 11 August 2021. The Rs. 1838 crores IPO of our country’s largest franchisee of Pizza Hut, KFC and Costa Coffee ran from 4 August to 6 August and received an overwhelming response. …
The government-owned life insurance giant LIC plans to split its IPO into two consecutive offerings with a few months gap. This is because this IPO, through which the government expects to raise around Rs. 1 lakh crores, may be too massive for the market to absorb in one go. If the above plan is successfully …
CarTrade’s initial public offering was subscribed 20.29 times by the end of its bidding day, i.e., 11 August 2021. The company’s public offer managed to receive bids for 26,31,74,823 shares against the total issue of 1,29,72,552 shares. These figures indicate that the IPO managed to garner a positive response from the investors. Through this initial …
On 11 August 2021, the third and final bidding day, Nuvoco Vistas IPO was subscribed 1.71 times. The company’s initial share sale received bids for 10,70,27,492 shares from different investor categories, whereas 6,25,00,001 equity shares were reserved in total. Established in 1999, Novoco Vistas is one of the leading cement companies in India. Its diverse …
The initial public offering of Aptus Value was subscribed 17.20 times by the end of its third and final day of public issue on 12 August 2021. This IPO received bids for a total of 94,82,42,442 shares against the 5,51,28,500 reserved shares. The figures indicate a favourable response from the investors. According to the DRHP, …
On the last day of its public offering, Chemplast Sanmar received a total subscription of 2.17 times. The initial share sale received an accumulated bid of 8,66,38,140 shares from various investor categories. The total number of reserved shares for this public offering was 3,99,52,829. Incorporated in 1985, Chemplast is one of the leading speciality chemical manufacturers …
Joyalukkas India is considering an initial share sale to raise approximately $400 million in Q1 2022. A source close to the matter has revealed that the company is planning to file preliminary papers with SEBI in November or December this year. Investors who are interested in subscribing to this forthcoming IPO need to know a …
