IPOs - Angel One

India’s second-largest surgical sutures and medical consumables company, Healthium, and the country’s largest independent NBFC ATM operator, India1 Payments, have filed draft papers with the market regulator SEBI. The primary motive of their initial public offer is to raise funds and account for their general corporate purposes, among other financial requirements. Here’s a quick discussion …

The initial public offering of diagnostics chain operator Vijaya Diagnostics closed on 3 September 2021 with an underwhelming response. It amassed a total subscription of 4.54 times and secured bids for 1,18,60,604 equity shares. The total issue size of this public issue was Rs. 1895 crores, comprising only an offer for sale. The company promoters …

Restaurant and Hospitality chain Barbeque Nation had issued preferential equity shares to three investors. Approved by its stakeholder’s relationship committee, the restaurant chain has raised about Rs. 100 crores with this move. This committee, in their recent Saturday meeting, has approved 11,77,855 paid-up equity share allotment with Rs. 5 per share face value. According to …

On 2 September 2021, the Government of India was looking for bids from legal advisors for the second time regarding LIC IPO, which is believed to be the largest ever public offering in India. This decision was passed in light of the low interest during its first attempt. So, what’s cooking here, and how will …

Veeda Clinical Research – the Ahmedabad-based medical analysis organisation, is on the verge of lifting Rs. 500 – 700 crores through an IPO. As per sources, the company is planning to submit the DRHP to the Securities and Exchange Board of India (SEBI). Following this news, the firm declined any comments. But why should investors …

India’s oldest private sector bank, Tamilnad Mercantile Bank, has filed a draft red herring prospectus with SEBI to go public. The financial institution has a history of 100 years, and it was formed by the Nadar community in the state of Tamil Nadu. As per the DRHP, the bank is planning to issue 1.58 crore …

Ami Organics closed its IPO for public subscription on 3 September 2021. The Rs. 570 crores IPO comprised Rs. 200 crores new issue and an OFS worth Rs. 370 crores. Collectively, the shares were subscribed a total of 64.54 times. Subsequently, this specialty chemical company is set to announce its basis of allotment on 8 …

Indian e-commerce giant Snapdeal is considering going public with an issue of about $400 million. Backed by SoftBank Group Corporation, the online shopping company is in discussion with its advisors regarding this public offer. According to sources close to the company, they are targeting a Dalal Street debut by next year with an estimated valuation …

Investors could witness WAPCOS’s initial public offer by the end of March. As per reports, the Department of Investment and Public Asset Management or DIPAM had floated tenders in February. The said tenders were to engage a registrar and an advertising firm to sell a nearly 25% stake in WAPCOS via a public offer. WAPOS …

At the end of the third day, Ami Organics’ IPO received a total subscription of 64.54 times, receiving 42,22,36,296 bids for its shares. The IPO issue size here is worth Rs. 569.64 crores. As per the DRHP, it includes fresh issue shares of up to Rs. 200 crores and an OFS of Rs. 369.64 crores. …