Exicom Tele-Systems to float IPO on Feb 27; aims to raise Rs 329 crore via fresh issue

Exicom Tele-Systems to float IPO on Feb 27; aims to raise Rs 329 crore via fresh issue

EV chargers maker Exicom Tele-Systems Ltd is set to launch its Initial Public Offering (IPO) on February 27. The initial share sale will conclude on February 29 and the bidding for anchor investors will open for a day on February 26, according to the Red Herring Prospectus (RHP). The maiden public issue comprises a fresh … Read more

Stationery maker Cello World’s Rs 1,900-cr IPO to open on Oct 30

Stationery maker Cello World’s Rs 1,900-cr IPO to open on Oct 30

Household products and stationery manufacturer Cello World Ltd is set to launch its Rs 1,900-crore initial share sale for public subscription on October 30. The maiden public issue will conclude on November 1 and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus. … Read more

Azad Engineering files Rs 740-cr IPO papers with Sebi

Azad Engineering files Rs 740-cr IPO papers with Sebi

Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according … Read more

Fincare Small Finance Bank, Western Carriers get Sebi’s go ahead for IPOs

Fincare Small Finance Bank, Western Carriers get Sebi’s go ahead for IPOs

Fincare Small Finance Bank Ltd and logistics company Western Carriers (India) Ltd have received capital markets regulator Sebi‘s approval to raise funds through Initial Public Offerings (IPOs). The two firms, which filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) between May and June, obtained the regulator’s observation letters during September … Read more

Yatharth Hospital & Trauma Care raises Rs 120 crore via a pre-IPO placement

Yatharth Hospital & Trauma Care raises Rs 120 crore via a pre-IPO placement

Yatharth Hospital & Trauma Care has raised Rs 120 crore via pre-IPO placement, the company today said in a media release. The Noida-based hospital chain offered 40 lakh shares at a price of Rs 300 per equity share (including a share premium of Rs 290 per equity share). The Pre-IPO Placement comprised 20 lakh equity … Read more

Taxman asks companies to reverse credit claimed on IPO expenses

Taxman asks companies to reverse credit claimed on IPO expenses

More than 150 companies that have raised funds through initial public offering (IPO) since July 2017 are now staring at additional goods and services tax (GST) liability. Tax authorities have started issuing notices to these companies, asking them to reverse credit claimed on expenses for listing of the shares, people aware of the matter said. … Read more

Aether Industries IPO sails through on last day; QIB portion booked 2x

Aether Industries IPO sails through on last day; QIB portion booked 2x

New Delhi: The Rs 808 crore initial public offering (IPO) of Aether Industries sailed through on the last and final day of the bidding process, thanks to solid demand from institutional investors. The issue had kicked off for bidding for investors on Tuesday, May 24. The company is selling its shares in the range of … Read more

Sebi green lights Delhivery’s Rs 7,460 crore IPO proposal

photo

The Securities and Exchange Board of India (Sebi) is learnt to have approved the proposed Rs 7,460-crore initial public offering (IPO) of Delhivery, people aware of the matter told ET. This makes the Gurugram-based new-age logistics startup the first unicorn this year to have obtained the stock market regulator’s nod to list on domestic bourses. … Read more

Star Health raises Rs 3,217 cr from anchor investors ahead of IPO

photo

New Delhi: Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday. The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to Rs 3,217.13 crore, according … Read more

Inspira Enterprise gets Sebi’s go-ahead to raise Rs 800 cr via IPO

photo

New Delhi: IT solution provider Inspira Enterprise India has received markets regulator Sebi‘s go-ahead to raise Rs 800 crore through an initial public offering (IPO). The initial share-sale consists of fresh issuance of equity shares to the tune of Rs 300 crore and an offer of sale (OFS) of of equity shares worth Rs 500 … Read more