A clutch of global and domestic investment banks are learnt to have met senior executives of Ola Cabs and discussed potential IPO
Sanathan Textiles IPO | The IPO is a mix of fresh issuance of equity shares worth Rs 500 crore and an offer-for-sale (OFS) of shares worth Rs 300 crore by promoters.
Vodafone Idea is looking to raise Rs 18,000 crore through FPO, the biggest ever follow-on public offer by the Indian entity
Earnings season will gather pace. Flash PMIs, US GDP and Japan monetary policy are the other data points, events to track
Kronox Lab Sciences IPO | The proposed offer comprises an offer-for-sale (OFS) of 96 lakh equity shares by promoters -- Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.
Ramdevbaba Solvent, and Grill Splendour Services, both will finalise the basis of allotment of IPO shares by April 19, while their equity shares will be credited to demat accounts of eligible investors by April 22.
Vodafone Idea launched its Rs 18,000-crore FPO today. The debt-ridden company plans to use part of the proceeds to expand its 4G and 5G network.
The IPO consists of a fresh issue of Rs 300 crore and an offer-for-sale of up to 8.42 million by its existing shareholders and promoters. On the upper price band, the total issue size will be at Rs 650 crore and the total mcap of the firm will be at Rs 2300 crore.
Analysts are cautious on Vodafone Idea FPO, either remaining on the sidelines or suggesting to ‘avoid’ the public issue. They cite continued losses, overhang of government dues, competition, and equity dilution concerns.
The third-ranked telecom operator plans to raise Rs 18,000 crore through India’s largest follow-on public offering, which will open on Thursday, April 18.
The Greenhitech Ventures IPO continued to see healthy subscription since day 1, with 103.8 times subscription on second day of bidding and 15 times subscription on day 1
The company intends to sue the proceeds from the offer for meeting capital requirements for building construction, meeting public issue expenses and the rest for general corporate purposes.
Teerth Gopicon's Rs 44.40-crore issue was subscribed 75.54 times
The anchor investor bidding will start on April 22. Basis of allotment will be on April 26, refunds and credit of equity shares will be on April 29 and the firm will list on exchanges on April 30.
Of the total proceeds, the telco proposes to use Rs 12,750 crore for equipment to expand its network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G sites and setting up new 5G sites
Companies in the SME space can be a little more tricky to evaluate as opposed to largecaps or mature midcaps, says the director of SKG Investments & Advisory.
The SME segment will remain busy with two IPOs opening for subscription and two companies listing shares, in the coming week.
Bharti Hexacom's massive Rs 4,275-crore IPO, the largest public offering in India in a year, attracted significant interest, with subscription reaching nearly 30 times the allocated quota.
The Vodafone Idea FPO will open for subscription on April 18 and close on April 22. The company has fixed a price band of Rs 10-11 per share for the FPO.
Bharti Hexacom IPO: The price band for the issue has been fixed at Rs 542-Rs 570 per share.
The IPO opened for subscription on April 3 and closed on April 5. On the last day it got subscribed nearly 30 times. The Rs 4275 crore IPO price band kept at Rs 542-570 a share. Currently, its grey market premium trades at Rs 120 a share.
Bharti Hexacom IPO: The price band for the issue has been fixed at Rs 542-Rs 570 per share
The IPO proceeds will be used by the company to fund ongoing and future solar energy, green hydrogen and green ammonia capex plans.
Over 30 companies have filed draft IPO papers with the Securities and Exchange Board of India (Sebi).
The $8.5-billion mega-merger between Reliance and Disney was the highlight of the quarter, making a significant portion of the overall deal value in Q1