how operators and promoters relieve themselves on the heads of gullible and greedy retail investors.
Gujarat State Petroleum Corporation, which has discovered India's largest-ever gas field, is planning an initial public offer of 10-20 per cent of equity to part fund the Rs 1,500 crore (Rs 15 billion) investment for beginning the production from the
Amid volatility in stock markets generated by tension between Russia and the US over Ukraine, LIC chairman M R Kumar on Monday said that the insurance behemoth was watching the geo-political situation carefully, though it was keen on listing of the IPO in March. The Life Insurance Corporation (LIC) has already filed the DRHP with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). "We are watching the situation closely and carefully...but we are very keen on having listing in March," Kumar said, when asked about the impact of the evolving geopolitical situation on the upcoming IPO.
'Think of the poorest retail investor before you decide to go for an IPO'
Investing in IPOs is not an easy task, especially when we see a lot of them list lower than the issue price
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
In times of high interest rates, it is not a very bright idea to take a loan and invest in an IPO
Airline wants to fly to West Asia, Southeast Asia.
As many as 267 of 453 companies from the BSE500 index are trading above their consensus price targets, according to the data compiled by Bloomberg. Not all companies in the BSE500 index are tracked by analysts.
Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.
Girish Nadkarni of IL&FS Investsmart discusses the new IPOs that came out this week. He says that Atlanta and ACE are the better investment bets currently in the market. However, the investor interest is not very high in Deep Industries.
Real estate, infrastructure, BPOs and telecom are likely to be the major sectors that will be going for fund raising.
Sebi takes 6 merchant bankers to task for lapses in IPO
Power Finance Corporation Ltd filed its revised prospectus on Monday with market regulator Securities and Exchange Board of India to come out with its initial public offering.
The initial public offering of the Sri Lankan unit of Indian Oil Corp was oversubscribed more than three times. "The IPO raised (Sri Lankan) Rs 359.99 crore (Rs 3.59 billion)," company officials said.
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
'India has always been a bottom-up stock-picking market, and as growth recovers with higher liquidity, mid and small-caps always tend to outperform.'
The average size of IPOs rose by nearly half in 2008 over 2007, though the financial meltdown may have scared away many from the primary capital market, bringing down the number of IPOs to about one-third, the Economic Survey said.
Social networking site Facebook is likely to file an IPO by the first quarter of 2012, with a valuation of over USD 100 billion, a media report said. Facebook is likely to go public by next spring, CNBC quoted people familiar with the matter as saying.
The company plans to raise Rs 5,000 crore by selling its shares to public.
State-owned National Thermal Power Corporation said on Monday that it plans to hit the market with an initial public offering of shares representing 5 per cent of its equity by early August.
DLF will use its IPO proceeds in part to acquire land, complete on-going projects and retire debts.
The initial public offering for Power Trading Corporation Ltd has received an overwhelming response with investors putting pledge for 16.5 times the issue size at the end of bidding process on Monday.
Companies such as SAIL, ONGC, IOC and Hindustan Copper are waiting to hit the markets.
The much-awaited public offering of the shares of auto major Maruti Udyog Ltd has cleared another major hurdle with the Securities and Exchange Board of India approving the draft prospectus for the initial public offer.
Reliance Infratel, the tower business arm of the group's telecom entity Reliance Communications, has allowed the regulatory approval to lapse without coming out with an IPO and is unlikely to revive the process soon. A company spokesperson did not take queries on lapse of the approval period and on whether the company was looking to revive the process by filing a fresh draft IPO prospectus with market regulator Sebi.
The sessions court last week began the trial by issuing the process order and then released all the 25 accused present in court on bail. The case will be heard on June 20. All the accused were charged of committing fraud in the initial public offering of the shares of IDFC, which was open for subscription from July 15-July 22 in 2002.
Sebi hopes to allow investors to hold subscription amounts for initial public offerings in their bank accounts until allotment. This is to cut the time between the stock sale and listing. Sebi chief said with the present technology it is possible to earmark the amount in the investor account itself and not have the money actually transferred. He said that there were a host of issues plaguing the IPO market and that it could see some action in the coming months.
LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer. This is perhaps for the first time the special dispensation is granted to any public offer. The issue period also includes bidding on Saturday, May 7, 2022 and Sunday, May 8, 2022, LIC informed exchanges. Earlier bidding was allowed on May 7 (Saturday) only.
Huge volatility in share prices after listing gains causes concern.
Investors must be aware that there is an element of uncertainty attached to investing in MF IPOs, which they must factor in before making an investment decision.
Moving ahead with its plans to raise funds from the capital market for its fleet acquisition programme, Indian Airlines on Thursday launched the process of appointing advisors for its IPO which is likely to be issued in the next six months.
Motor sport racing company Formula One has delayed its Singapore initial public offer worth up to $3 billion due to weak markets, with the sport's boss and part-owner, Bernie Ecclestone, saying the firm is waiting until the time is right.
Over 250 IPOs are in pipeline to raise a phenomenal Rs 95,000 crore (Rs 950 billion).
InterGlobe's IPO is India's biggest since the listing of around $750 million by Bharti Infratel Ltd in December 2012.
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