The Economic Times
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| 24 September, 2020, 11:05 AM IST | E-Paper

    Angel Broking IPO subscribed 77% on Day 1; no bids received from QIBs

    "The company’s emphasis on providing clients with services through technological platforms has enabled it to rationalise the cost incurred and offer simplified and competitive pricing to clients along with value-added services," said Anand Rathi.

    Happiest Minds IPO subscribed over 150 times

    In the Happiest Minds IPO, the qualified institutional buyers’ (QIB) portion was subscribed 77 times while the non-institutional investors (NII) or high networth investors’ quota got subscribed 351 times.

    How to check Happiest Minds IPO allotment status

    The basis for Happiest Minds' share allotment is likely to be finalised on Tuesday. The issue, which was sold from September 7 to September 9 in the price band of Rs 165-166 was subscribed 151 times.

    Chemcon Speciality IPO subscribed over 5 times on strong retail demand

    The Vadodara-based company plans to raise Rs 318 crore, out of which it already raised Rs 95.40 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share last week.

    Angel Broking raises Rs 180 crore from anchor investors ahead of IPO

    The retail-focused stock broking company raised funds at Rs 306 per share by allotting 58,82,352 shares to investors, with domestic mutual funds grabbing a majority of shares that were allotted.

    Route Mobile IPO allotment status: Here's how you can check it

    The issue turned out to be a blockbuster with the qualified institutional buyers (QIBs) portion getting subscribed 89.76 times, non-institutional investor portion 192.81 times and retail individual investors quote 12.67 times.

    Zomato eyes IPO by 1st Half of 2021 as Tiger Global, others join round

    “We have no immediate plans on how to spend this money. We are treating this cash as a ‘war chest’ for future M&A and fighting off any mischief or price wars from our competition,” he wrote.

    Mindspace REIT IPO subscribed 38% on Day 1

    The price band of the issue is fixed at Rs 274-275 per unit. Investors can make for a minimum of 200 units and in multiples of 200 units.

    Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

    Ant said in its filing with the Shanghai bourse that it plans to sell no less than 10 per cent of its enlarged share capital in the dual-listing.

    After a dream listing, is it just a pause for Rossari Biotech, or there is more to it?

    The stock rallied as much as 89 per cent to Rs 804 on listing day from the offer price of Rs 425. It currently trades at Rs 715, down 11 per cent from its peak.

    Government to reduce IRCTC shareholding via offer for sale

    The department of investment and public asset management (Dipam) has invited bids from merchant bankers and brokers to divest part of the government's shareholding of 87.4% in the central public sector enterprise, which was listed on the bourses last year.

    Angel Broking IPO gets subscribed 1.5 times on day 2

    As per data available with NSE, the issue was able to attract bids for 2,00,94,459 shares, which was 1.46 times the issue size of 1,37,70,491 shares. The issue was subscribed 77 per cent by the end of Day 1 of the bidding process.

    CAMS IPO subscribed nearly 47 times on Day 3

    The price band for the issue has been fixed at Rs 1,229-1,230 and prospective retail investors need to bid for a minimum of one lot of 12 shares or in multiples thereof.

    Route Mobile's Rs 600-crore IPO subscribed 4.15 times on day 2

    The IPO, which is being sold at Rs 345-Rs 350 per share, is seeking a valuation of 29 times PE on FY20 basis on a fully diluted basis. Analysts are positive on the issue and believe the IPO can offer listing pop as well as long-term gains.

    Chemcon IPO subscribed 78% within 45 mins; retail quota attracts 1.55 times bids

    On Friday, the company raised Rs 95.40 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share.

    Happiest Minds IPO subscribed nearly 3 times on day 1; retail quota subscribed over 14 times

    The issue received bids for 6,67,09,800 shares, which was 2.87 times the issue size of 2,32,59,550 shares, data compiled from NSE and BSE showed.

    Nasdaq to tighten listing rules, restricting Chinese IPOs: Sources

    This is the first time Nasdaq has put a minimum value on the size of IPOs.

    Rossari Biotech IPO subscribed 60% on day 1

    By 1.45 pm, the issue by specialty chemicals company had received bids for 19,25,595 shares, which was 24 per cent of the issue size of 81,73,530 shares.

    Mindspace IPO fully subscribed on the second day

    While the institutional portion was subscribed 0.7 times, the non-institutional segment, including high net worth investors and retail, was subscribed 1.4 times.

    Mindspace Business Parks IPO subscribed 41% on Day 2 so far

    Mindspace Business Parks REIT is looking to raise up to Rs 1,000 crore through issuance of fresh units and up to Rs 3,500 crore through an offer for sale.

    SBI Cards IPO opens: Should you subscribe?

    The management is confident that the IPO will sail through amid the ongoing market conditions.

    SBI Cards IPO Allotment Status: Here’s how to check

    SBI Cards is expected to get listed early next week.

    The IPO rush continues with CAMS, Chemcon offers

    In the case of CAMS, its QIB portion was subscribed 73.2 times while HNIs bid for 111.8 times the number of shares offered for their category. The retail category was subscribed 5.4 times and shares reserved for employees were subscribed 0.7 times.

    SBI Cards IPO likely to hit Street in early March

    The company will offer up to 13.05 crore equity shares via the offer for sale route, according to the draft red herring prospectors (DRHP).

    If grey market is telling the real story, here is your next multibagger

    Brokerage Edelweiss Securities in a report said the issue will open during March 2-5.

    Virus scare threatens to chill frenzy for SBI Card IPO, cut listing gains

    Small investors in the primary market are worried if the rout can hurt the prospects of the IPO.

    Rossari Biotech IPO subscribed nearly 3 times on Day 2 of bidding process

    At the higher end of the Rs 423-425 price band, the specialty chemicals manufacturer is seeking a valuation of 19.9 times FY20’s EV/Ebitda and 33.1 times earnings per share on a FY20 basis.

    Mattress startup files for IPO as losses grow

    The company’s marketing strategy includes use of influencers to tout its products online. It cites relying on them as a risk that “may materially and adversely affect our reputation or subject us to fines or other penalties”.

    How much money can HNIs make in Route Mobile, Happiest Minds IPOs?

    HNIs are allotted shares on a proportionate basis in an IPO. It means if the issue is subscribed 100 times in the non-institutional investor (NII) category, then an HNI bidding for 100 shares will be allotted just one.

    Chemcon Speciality Chemicals IPO opens: What do the brokerages say

    Sagar Shah of Ascent Wealth Advisers, an entity that deals in unlisted shares, said Chemcon’s premium in the grey market had risen to Rs 275 by Sunday evening from Rs 255 earlier.

    Prince Pipes to list on Monday; check share allotment

    Traders said the scrip is trading at a Rs 5-8 discount to issue price in the grey market.

    Chemcon Speciality IPO: Issue size, price band & other key details

    The firm is India’s largest manufacturer of specialised chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC), which are predominantly used in the pharmaceuticals industry.

    CAMS IPO to open on Monday: All you need to know about the issue

    NSE Investments would be selling 1,82,46,600 shares through the issue, following a February 4 Sebi directive to NSE to exit the company completely.

    CAMS IPO: Good, bad, ugly reviews from top brokerages

    The quota for retail investors in CAMS IPO has been fixed at 35 per cent of the net offer. QIB quota is fixed at 50 per cent and the NII quota at 15 per cent. There is reservation of up to 1,82,500 shares for employees.

    CAMS IPO details, analyst calls, management views: Should you subscribe?

    NSE Investments would be selling 1,82,46,600 shares through the issue, following the February 4 Sebi directive to NSE to exit the company completely.

    Chemcon Specialty Chemicals IPO subscribed 149 times; grey market premium rises to 88%

    The Vadodara-based company plans to raise Rs 318 crore, out of which it already raised Rs 95.40 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share last week.

    Angel Broking IPO to open on Tuesday: All you need to know about the issue

    The company will be selling 1,96,72,130 shares through the issue in order to raise Rs 601.96 crore from the primary market.

    Rs 32,500 crore on tap to fund IPO bets

    Out of the 15 IPOs so far this year, only three were financed by the NBFCs.

    Applying for IPOs? 7 things you must do to ensure your money is safe

    If you are considering investing in the primary market, you must first understand the basics and financials of the company before applying for an IPO. You can get all the information about the company in the draft red herring prospectus.

    What is Member-Client Agreement Form?

    The agreement mentions that the member, on the other hand, agrees to be satisfied by the genuineness and financial soundness of the client and making the client aware of broker’s liability for the business to be conducted.

    Retail IPO rush also lights up grey market

    Grey market premiums of new issues see big surge; Happiest Minds offer fully subscribed in 2 hours

    Brokers advise clients to buy share of SBI ahead of credit card unit’s IPO

    SBI shareholders likely to have better chance of getting allotment even if they hold one share.

    Walmart's Flipkart eyes overseas listing as early as 2021: Sources

    "Flipkart is incorporated in Singapore, but listing in the United States, where parent Walmart is headquartered, could give it access to a deeper pool of funds," one of the sources said.

    CAMS IPO price band fixed at Rs 1,229-1,230; issue to open on Monday

    The anchor allotment will be announced on Friday. The IPO will close on September 23.

    View: Saudi Aramco's true value is still a mystery

    A more open Aramco can only be a good thing, but much will depend on whether it embraces transparency (despite the Kingdom of Saudi Arabia owning almost all of the stock). The IPO process invited a global discussion about Aramco’s true value.

    Likhitha Infrastructure IPO to open on Sep 29. Key things to know before subscribing

    Likhitha Infrastructure IPO will be open for bidding from September 29 to October 1.

    Angel Broking IPO opens for bidding: Here’s what top brokerages say

    The issue comprises fresh issuance of shares worth Rs 300 crore and offer for sale of Rs 300 crore by promoters and other shareholders. The proceeds of the offer would be utilised for meeting working capital requirements and for general corporate purposes.

    Ahead of IPO, CAMS raises Rs 666.57 crore through anchor investments

    Smallcap World Fund is the biggest investor as it is allocated 9 per cent of the anchor investment portion.

    IRCTC quotes 69-71% premium in grey market, promises strong listing gains

    When interest in the primary market picks up, grey market activity picks up as well.

    Neogen Chemicals IPO fully subscribed on Day 2

    The IPO was subscribed 27 per cent on the first day of bidding Wednesday.

    Neogen Chemicals IPO subscribed 27% on Day 1

    The company had on Tuesday raised Rs 39.70 crore from seven anchor investors at Rs 215 per share.

    Sterling & Wilson Solar successfully closes its IPO

    Overall, the issue was subscribed 92 per cent, including anchor investors.

    Neogen Chemicals IPO subscribed 41 times on Day 3 so far

    The company had on Tuesday raised Rs 39.70 crore from seven anchor investors at Rs 215 per share.

    Pre-trade share allocation to funds may be mandatory

    Institutional investors may have to disclose in advance quantity of shares meant for a fund.

    Route Mobile raise Rs 180 crore from 15 anchor investors ahead of IPO

    Shares were allotted at Rs 350 apiece to institutions including SBI MF, Nippon India, ICICI Prudential MF, Axis MF, Goldman Sachs, Franklin Templeton, Kuwait Investment Authority, Vantage Equity and Wells Capital among others.

    CSB Bank IPO listing: Here's how to check your share allotment status

    Traders said the scrip is trading at a Rs 65-67 premium in the grey market.

    Route Mobile raises Rs 180 crore from anchor investors ahead of IPO

    A total of seven mutual funds have applied through 15 schemes for anchor allotment.

    Sterling & Wilson Solar IPO subscribed 32% on Day 2

    The portion reserved for qualified institutional buyers was subscribed 0.20 times.

    Sterling & Wilson Solar IPO subscribed 9% on Day 1

    The company on Monday said it has raised Rs 1,406 crore from 27 anchor investors.

    Polycab India IPO overall subscribed 52 times, biggest since HDFC AMC

    Polycab is the first issue of 2019 to see subscription of 10 times or more.

    Angel Broking raises Rs 180 crore from Anchors

    Anchor investors include Goldman Sachs, IIFL, Bajaj Allianz, Max Life Insurance and domestic mutual funds such as ICICI Pru, HDFC, Sundaram, Nippon, Invesco and Birla.

    Antony Waste Handling Cell IPO subscribed 13% on Day 2

    The price band of the issue is set at Rs 295-Rs 300 per equity share.

    SBI Card IPO subscribed 39% on Day 1; here’s what analysts say

    According to the company, SBI Card IPO saw record 8.52 lakh applications on the first day.

    All you need to know about IPO allotment process

    The minimum bid lot is defined based on the minimum application amount.

    One theory why Lyft, Uber IPOs flopped: special purpose vehicles

    Uber’s IPO flop suggests investors are growing wary of the business prospects in ride-hailing.

    Airtel Africa sets London IPO price band between 80-100 pence/share

    Bharti Airtel currently owns 68.3 per cent in its Africa unit.

    India’s SBI Cards is on track to pull off $1.4 billion IPO

    SBI Cards & Payment Services Ltd. had received orders for 15.5 times the shares on offer by Wednesday.

    YES Bank FPO manages to sail through, subscribed 93% on day 3

    The issue attracted bids for 8,47,12,49,000, which was 93 per cent of the issue size of 9,09,97,66,899 shares. For an FPO to sail through, a minimum of 90 per cent of the issue needs to be subscribed.

    Mindspace Business Parks REIT IPO to open on July 27, raise Rs 4,500 crore

    The company is looking to raise up to Rs 4,500 crore and the price band is fixed between Rs 274-275 per unit. It will be the country’s second-ever REIT offering after Embassy Office Parks REIT in April 2019.

    A wide array of tests makes Metropolis special: Ameera Shah

    Its Rs 1,204-crore initial public offer (IPO) opened for subscription on Wednesday.

    Days ahead of IPO, Rossari Biotech’s unlisted shares demanding 35% premium in grey market

    In the Pre-IPO market, premium on the shares shot up to Rs 140 on Wednesday, July 8.

    Will a little-known ship breaker help Raghav Bahl raise funds from the market?

    Late last year, Bahl and his wife acquired a controlling stake in listed firm Gaurav Mercantiles.

    Flair Writing, Neccon Power get Sebi nod for IPOs

    The total number of companies getting clearance from the Sebi has reached 75 this year so far.

    Flair Writing Industries files IPO papers with Sebi

    The initial public offering comprises equity shares of face value of Rs 10 each of Flair Writing aggregating up to Rs 450 crore.

    Ujjivan Small Finance Bank share allotment likely today: Here's how to check

    The IPO saw an overall 165.68 times subscription by end of third and final day of the bidding process.

    Aavas Financiers IPO pricey, but can be a long-term bet

    The company serves customers largely untapped by the top HFCs.

    Market Movers: What changed for D-Street while you were sleeping

    Asian markets are off to a subdued start on Tuesday. Let us check out what may move market all through Tuesday.

    Aavas Financiers IPO: CEO unfazed by NBFC mayhem, says it has a differentiated model

    Aavas had a CRISIL credit rating of A+ in FY18 against BBB+ in FY14.

    CreditAccess Grameen IPO subscribed 25% on Day 1

    The Bengaluru-based firm on Tuesday raised over Rs 339 crore from anchor investors.

    Sebi directs HDFC AMC to call off pre-IPO placement

    HDFC Asset Management had filed papers with Sebi in March for an IPO.

    Affle India IPO subscribed 28% on first day of bidding

    Affle India on Friday raised about Rs 206.55 crore from 15 anchor investors.

    Strong asset quality, cheap valuations make Indostar attractive

    Indostar has also improved asset quality over the past few quarters.

    SBI Cards IPO likely to disappoint investors on debut, suggests grey market

    SBI Cards is likely to fix the issue price at Rs 755, the upper limit of IPO price band.

    SBI Cards mops up Rs 2,769 crore from anchor investors

    Shares have been allotted at the offer's upper price band of Rs 755 apiece, as per a regulatory filing.

    Retail investors and employees lead bids for SBI Card IPO

    The IPO received bids for 39.4 million shares out of 100.4 million shares on offer.

    ICICI Pru MF sells part of ICICI Securities stake

    A spokesperson for the fund house confirmed that the shares had been sold to comply with the regulator’s instructions.

    RVNL IPO overall subscribed 1.83 times, sees good retail demand

    The RVNL offer comprises of 12.12 per cent of paid-up equity share capital of the company.

    How to get IPO-ready and ride the primary market boom

    After a dry patch of almost a decade, the IPO floodgates have opened up. If 2016 was good — 88 companies raised Rs 26,000 crore — 2017 promises to be better.

    Airtel Malawi plans to raise $37.5 million via IPO

    “Airtel Africa PLC ("Airtel Africa" or "Group")... further to its announcement of 11 December 2019 of its intention to float its local business Airtel Malawi PLC ("Airtel Malawi" or the "Subsidiary) on the Malawi Stock Exchange, today announces the price for the initial public offering ("IPO" or the "Offer")," said the company on Tuesday.

    Allotment of shares to FPIs in IPOs need to be verified with PAN: Sebi

    Purchase of equity shares of each company by a single FPI or an investor group would have to be below 10 per cent of the total issued capital of the company.

    Ujjivan SFB IPO subscribed 1.62 times on Day 1

    The issue received bids for 3,37,51,600 against an issue size of 12,39,58,333 shares.

    IRCTC IPO commands strong premium in grey market

    IRCTC is offering a discount of Rs 10 per share to retail investors and employees.

    IPO: CSB Bank mops up Rs 184 crore from anchors

    The bank, which was earlier known as, The Catholic Syrian Bank, has priced the offer in the range Rs 193-195 per share.

    Not even Aramco’s giant IPO can get Saudis trading more stocks

    While there were trading spikes around certain events, they proved short-lived.

    Liquidity rush in primary market! Top 5 myths about investing in IPOs

    The IPOs in India are set to hit a six-year high in 2016, and are estimated to raise over $5 billion (Rs 33,500 crore), says an EY report.

    IRCTC files draft papers with Sebi for IPO

    According to market sources, the IPO would be worth about Rs 500-600 crore.

    Quess Corp IPO a huge hit; oversubscribed 147 times

    The offer has generated demand worth over Rs 31,000 crore, excluding the anchor portion worth Rs 180 crore that was already allocated to investors.

    Stocks in the news: DMart, Tata Motors, Airtel, Dr Reddy's, Thomas Cook and Religare

    Thomas Cook board has approved a share buyback programme for a total consideration of up to Rs 150 crore.

    IRCTC IPO to open on Monday; here’s what brokerages say

    The IPO has a price band of Rs 315-320 per share, and closes on October 3.

    Rs 1,243-crore initial public offering of L&T Infotech fully subscribed on day one

    At the end of day one, the portion reserved for QIBs was subscribed nearly two times and the non-institutional investors’ portion got subscribed 0.2 times.

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