IPO | Page 6

India has seen a tremendous rise in terms of the number of companies going public in 2024, with new listings through initial public offerings (IPOs) contributing as much as INR 14 trillion or 3 per cent to the country's market capitalization, surpassing last year's contribution of 1.4 per cent at INR 5 trillion.

According to the DRHP, RPL plans to allocate INR 10.18 crore of the IPO proceeds to meet working capital requirements, including margin money. Additionally, INR 5.5 crore will be used for expansion through the purchase of plant and machinery, while INR 1.1 crore is earmarked for partial pre-payment of existing bank loans.

The listing will be with shares with a face value of INR 1 and will consist of a fresh issue of shares close to INR 1,000 crore and an offer for sale (OFS) component of up to 2,39,86,883 equity shares by selling shareholders.

The public market is readying itself for another busy initial public offer (IPO) season, continuing the trend seen in 2024. Companies across varied fields have filed their papers and have been given the nod by the market regulator Securities and Exchange Board of India (SEBI).

The INR 572-crore issue, which will close on December 13, has set a price band of INR 265-279 per share. The bidding for the anchor investor portion is slated for December 10.

To support growing demand, LG India is set to construct a third manufacturing facility in Andhra Pradesh, with an investment of INR 5,000 crore.

South Korea-based consumer electronics giant LG Electronics India filed its draft papers with the market regulator Securities and Exchange Board of India (SEBI) on Friday for its initial public offer (IPO).

Sai Life Sciences, a contract research, development, and manufacturing organization (CRDMO), announced on Friday its plans for the INR 3,043 crore initial public offering (IPO) which is set to open for subscription on December 11.

The IPO is managed by a syndicate of top-tier book-running lead managers, including JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, and SBI Capital Markets.

The Government of Singapore, the New World Fund, the Abu Dhabi Investment Authority (ADIA), and other anchor investors purchased shares worth USD 469 million ahead of the listing.

The proposed IPO will consist of a fresh issue and an offer for sale (OFS) component of 47.4 lakh shares by promoters and other shareholders selling shares, according to the draft red herring prospectus (DRHP) filed recently.

Niva Bupa Health Insurance Company's shares were listed at INR 78.14 per piece on the National Stock Exchange today at a premium of 5.59 per cent to the IPO price of INR 74 a piece.

As of market close, Swiggy's share price stood at INR 464 on the NSE recording a high and low of INR 465.80 and INR 391, respectively.

The shares were listed at INR 31.06, which is a premium of over 3.5 per cent over the issue price of INR 30, with a subscription of over 3 times.

Swiggy launched its initial public offering (IPO) on November 6, 2024, with an opening price of INR 371-390 per share.

For startups eyeing an IPO, attracting top CFO talent requires a multi-pronged approach. The key is to start early, ideally 18-24 months before the intended IPO.

According to stock market observers, Swiggy on Monday, commanded a grey market premium of INR 22 per share, indicating that its shares are trading higher by INR 22 apiece at INR 412 per share, higher than the issue price of INR 390 per share.

Hero Motors intended to raise INR 500 crore through a fresh equity issuance, while the remaining INR 400 crore was planned to be raised via an offer for sale (OFS) by the company's promoters.

Hyundai's IPO specifics such as size, valuation, and other particulars are under discussion and are subject to change, with the listing expected to take place on October 22.

Prior to filing its DRHP, the e-learning platform might potentially think about a pre-IPO placement of up to INR 34 crore, which could result in a smaller fresh issue size and better capital structure.

According to a recent update from the market regulator, Vishal Mega Mart, Swiggy, ACME Solar Holdings, Mamata Machinery, and Hyundai Motor India have all received the necessary approvals from SEBI to go public.