IPO - Angel One - Page 308

Homegrown mobile phone maker Lava International is almost ready for its IPO (Initial Public Offering) as it has notified all shareholders of an extraordinary general meeting on 10 September 2021. The company will seek shareholders’ approval for this IPO worth Rs. 2,400 crores, consisting of an offer for sale by existing shareholders and issuance of …

The public issue of Markolines Traffic Controls will be opening for subscription on 15 September 2021 Wednesday. As per the papers filed with BSE, the company is offering 51,28,000 equity shares at Rs. 78 per unit (including a premium of Rs. 68). For individuals who are looking to apply for this forthcoming initial share sale, …

The omnichannel retail pharmacy chain Wellness Forever has decided to file DRHP (draft red herring prospectus) for an IPO (Initial Public Offering) by the end of September 2021. The company intends to raise Rs. 1500–1600 crores through an IPO consisting of a primary issue and an offer for sale by existing investors. Backed by investors …

By 16 September 2021, the third and last day of Sansera Engineering IPO, the shares were subscribed 11.47 times. As a result, Sansera’s public offer received total bids for 13,88,39,000 shares against the 1,21,09,166 shares reserved for investors belonging to different categories. Sansera is one of the leading auto component manufacturers in India. Its robust …

LIC is gearing up to be the biggest IPO of India backed by the Government, where every day sets in a new development. For example, recently, the Government has come close to setting a valuation. The targeted valuation is around Rs. 10 lakh crores. However, while the Government is trying its best to launch the …

The public issue of Paras Defence and Space Technologies will be opening for subscription on 21 September 2021 Monday. This forthcoming IPO will close on 23 September at 5 pm. The initial share sale will include a fresh issue of equity shares worth approximately Rs. 140.6 crores. Moreover, it will comprise an offer for sale …

With eleven companies going public in the month of July alone this year, everyone seems to be excited about more upcoming IPOs. The COVID 19 pandemic made the stock market feel jittery last year with major disruption of economic activities and few companies calling off their IPO plans till the market activity changed towards the end …

Digital payments firm Paytm has added another 5.45 lakh shares to its IPO through its employees. In a recent regulatory filing, One97 Communications mentioned that another 20 employees had converted their ESOP to a total of 5,45,735 shares for monetisation. Previously, 200 former and current employees of Paytm have also gone down this route of …

Local IPOs have recently heated up to quite a frenzy. This is despite the economic slowdown brought by the deadly pandemic. All this has led to a rewarding year for Indian investment bankers. Interestingly, Mumbai listings have raised as much as $10.2 billion in 2021. Moreover, banks involved in these offerings have churned out humungous …

By the third and last day of Paras Defence IPO, i.e., 23 September 2021, the company’s shares were subscribed 304.26 times. Paras Defence is among the leading players in the field of defence and space engineering products and solutions. Its diverse offerings and advanced R&D capabilities make this company stand out among its peers. To …