December 2018 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Wednesday, December 19, 2018

Kotak IB believes IPO markets may remain muted till elections

December 19, 2018 0
Kotak IB believes IPO markets may remain muted till elections
"There will be very few IPOs in the first half of 2019, may be only two," head for equity capital markets at Kotak Investment Banking, V Jayasankar said here on Wednesday

The comments come a day after capital markets regulator Sebi expressed concerns over the sluggish IPO activity, despite it already clearing over Rs 60,000 crore worth of issues

Tuesday, December 18, 2018

Upcoming Buyback Offers - 2018

December 18, 2018 0
Upcoming Buyback Offers - 2018

Studds Accessories IPO gets SEBI approval

December 18, 2018 0
Studds Accessories IPO gets SEBI approval
Studds Accessories Ltd, manufacturer of helmets and two-wheeler accessories, has received markets regulator Sebi’s approval to float an initial share sale.

The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO), obtained Sebi’s observations on December 14, latest data with the capital markets watchdog showed.

Sebi’s observations are necessary for any company to launch public issues like initial public offer, follow-on public offer and rights issue.

Studds Accessories’ IPO comprises fresh issuance of shares worth ₹98 crore besides an offer-for-sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders, according to the draft papers.

With IPO market dried up, SEBI asks bankers to price it right

December 18, 2018 0
With IPO market dried up, SEBI asks bankers to price it right
The capital markets regulator Sebi on Tuesday voiced concern over the slow pace of primary issues, despite a good market condition, and asked investment bankers to do more "diligence" on the pricing front to get investors in. Chairman Ajay Tyagi said Sebi has given the go-ahead to initial public offers (IPOs) worth over Rs 60,000 crore in 2018, but many of them are yet to hit the street. Till October end, 24 companies raised Rs 30,959 crore through IPOs but most this been in the March quarter.

Last year was the best in terms of IPO fund raising, as the IPO market jumped to an all-time record of Rs 67,147.4 crore in fresh fund raising by over 120 companies, according to data from Prime Database.

When asked if the issue is pricing, he asked i-bankers to do more "diligence" while setting a price that will be acceptable to both the issuers as well as investors.

"Merchant bankers have a role to see that an issue is reasonably priced and which is acceptable to both issuers and investors," Tyagi said.

The Sebi chief seemed to suggest that domestic market conditions are better as compared to global peers, with firm macroeconomic fundamentals and said the rupee fall has also been arrested.

Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

Endurance Technologies Offer for Sale was open for Non Retail category on 6-Mar-2019 and for Retail category on 7-Mar-2019 at a floor price ...