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Saudi Aramco's Luberef expects to raise up to $1.32 bn from IPO

Aramco owns 70% of Luberef and Saudi investment bank Jadwa Investment the remaining 30%. The final share price will be announced next Sunday, with subscriptions for individual investors running from December 14 to December 18.

Saudi Aramco's record listing in late 2019, later boosted to total $29.4 billion in proceeds, was the world's largest IPO.(Reuters)
Saudi Aramco's record listing in late 2019, later boosted to total $29.4 billion in proceeds, was the world's largest IPO.(Reuters)
Published on Dec 04, 2022 02:31 PM IST

Paytm’s 75% slump is world’s worst for large IPOs in a decade: Report

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade -- and the pain is worsening.

Paytm shares crashed more than 27 per cent on the listing day on November 18.(Reuters Photo)
Paytm shares crashed more than 27 per cent on the listing day on November 18.(Reuters Photo)
Published on Nov 24, 2022 01:37 PM IST

Fairfax Weighing Bangalore Airport IPO at $3.7 Billion Value, Sources Say

Fairfax India Holdings Ltd. is considering an initial public offering for Bangalore International Airport Ltd. that could value the asset at about 300 billion rupees ($3.7 billion), according to people familiar with the matter.

Fairfax India holds a majority stake in the owner of Kempegowda International Airport, Bengaluru.(companiesmarketcap.com)
Fairfax India holds a majority stake in the owner of Kempegowda International Airport, Bengaluru.(companiesmarketcap.com)
Published on Nov 17, 2022 10:46 AM IST

Buffett, Son's India IPO shares worth $14 bn lockup period ends this month

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month. Included are One 97 Communications Ltd., operator of payments service Paytm, and FSN E-Commerce Ventures Ltd., owner of beauty e-retailer Nykaa.

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
Published on Nov 07, 2022 01:26 PM IST

Harsha Engineers IPO open for subscription. Check price band, market lot

This is Harsha Engineers' second attempt to go public. Earlier it had filed its draft papers with the regulator SEBI in August 2018

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
Published on Sep 14, 2022 10:08 AM IST

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms

Sebi chairperson Madhabi Puri Buch said there needs to be more disclosures by companies on how valuations have changed between a pre-initial public offering (IPO) placement and the price which is being asked for in the issue.

Sebi chairperson Madhabi Puri Buch said a company is free to ask for a higher price, but needs to disclose what happened in the intervening period which justifies the massive change in the valuation.(PTI File Photo)
Sebi chairperson Madhabi Puri Buch said a company is free to ask for a higher price, but needs to disclose what happened in the intervening period which justifies the massive change in the valuation.(PTI File Photo)
Published on Sep 13, 2022 01:47 PM IST

Airport services aggregator Dreamfolks IPO oversubscribed on Day 1 of bidding

DreamFolks facilitates consumers' access to airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room access, and baggage transfer services

Dreamfolks IPO opened for subscription on Wednesday and will continue till Friday. (Representative Photo)
Dreamfolks IPO opened for subscription on Wednesday and will continue till Friday. (Representative Photo)
Published on Aug 24, 2022 05:09 PM IST

Airport aggregator Dreamfolks IPO out today. Check price band, other details

It facilitates consumers’ access to the airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room access, and baggage transfer services.

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
Updated on Aug 24, 2022 08:58 AM IST

Go Digit Insurance files papers with SEBI for IPO. Virat Kohli among investors

Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, to meet the needs of the customers.

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
Published on Aug 19, 2022 11:34 AM IST

This company by Gautam Adani is Asia's best-performing IPO

Shares in the firm, a joint venture between the group controlled by Asia’s richest person Gautam Adani and Singapore’s Wilmar International Ltd., have outperformed 121 Asian initial public offerings worth over $100 million this year.

Representational image.
Representational image.
Published on May 26, 2022 06:24 PM IST

Digit Insurance - backed by Virat Kohli - targets $5 bn in IPO valuation: Report

A spokesperson for Digit declined to comment on "speculation". 

India's Virat Kohli REUTERS/Satish Kumar(REUTERS)
India's Virat Kohli REUTERS/Satish Kumar(REUTERS)
Updated on May 25, 2022 02:08 PM IST

Softbank-backed Delhivery debuts in market after 2nd biggest IPO of 2022

Delhivery took the IPO plunge earlier this month. 

NSE rings opening bell as Delhivery makes market debut. (Twitter)
NSE rings opening bell as Delhivery makes market debut. (Twitter)
Published on May 24, 2022 11:29 AM IST

LIC Market Debut: List of Biggest IPOs that made waves

Indian fintech giant Paytm listed on the market with an issue size of ₹18,300 crore in November but it turned into a big disappointment due to, what analysts said, overpriced listing. Here is a list of some of the biggest IPOs in India and in the world.

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
Published on May 17, 2022 02:56 PM IST

Video: ‘3..2…1’- The moment LIC made much-anticipated market debut

Founded in 1956 by nationalising and combining more than 240 firms, LIC has for decades been the synonymous with life insurance until the entry of private companies in 2000, experts say. The LIC IPO - India's largest - fetched the government ₹20,557 crore.

LIC chairperson Mangalam Ramasubramanian Kumar ringing the opening bell.
LIC chairperson Mangalam Ramasubramanian Kumar ringing the opening bell.
Published on May 17, 2022 11:24 AM IST

LIC market debut lacklustre after record IPO: 10 points 

LIC market debut: The LIC IPO has been the country's largest so far but a weak debut comes as a disappointment. 

LIC market debut: The insurance behemoth had a record IPO last week. ((ANI) )
LIC market debut: The insurance behemoth had a record IPO last week. ((ANI) )
Published on May 17, 2022 09:22 AM IST

Venus Pipes and Tubes IPO Day 3: issue subscribed 4.43 times on Day 2

According to the NSE data, the company's ₹165.41-crore Initial Public Offer (IPO) received bids for 1,57,21,696 shares against 35,51,914 shares on offer.

Venus Pipes IPO subscribed 4.43 times on the second day of offer.
Venus Pipes IPO subscribed 4.43 times on the second day of offer.
Published on May 13, 2022 12:04 PM IST

Delhivery IPO opens today: All you need to know

Delhivery IPO: AIA Singapore, Amansa Holdings, Aberdeen New India Investment Trust Plc, Goldman Sachs, The Master Trust Bank of Japan, Government of Singapore, Monetary Authority of Singapore are among the anchor investors.

Under the OFS, investors Carlyle Group and SoftBank as well as Delhivery's co-founders will divest their shareholding in the logistics company. (Representational image)
Under the OFS, investors Carlyle Group and SoftBank as well as Delhivery's co-founders will divest their shareholding in the logistics company. (Representational image)
Updated on May 11, 2022 11:25 AM IST

LIC IPO last day: Issue subscribed nearly 3 times | Top 10 points 

As many as 11.20 crore bids were received for the 3.95 crore shares earmarked for the segment.

The LIC had fixed the price band at <span class='webrupee'>₹</span>902-949 per equity share for the issue.(AFP file)
The LIC had fixed the price band at 902-949 per equity share for the issue.(AFP file)
Updated on May 09, 2022 08:11 PM IST

Afternoon brief: LIC IPO subscription closes today

Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.

After nearly a week of bidding, the subscription period for the $2.7 billion public offering of Life Insurance Corporation of India is set to end on Monday.
After nearly a week of bidding, the subscription period for the $2.7 billion public offering of Life Insurance Corporation of India is set to end on Monday.
Published on May 09, 2022 12:46 PM IST

LIC IPO sees 100% subscription on Day 2; issue to remain open on weekend

The IPO will close on May 9. The government aims to generate about ₹21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth.

All India United Trade Union Centre activists shout slogans during their protest over the LIC's IPO in Kolkata, (PTI)
All India United Trade Union Centre activists shout slogans during their protest over the LIC's IPO in Kolkata, (PTI)
Updated on May 05, 2022 08:12 PM IST

Delhivery IPO to open on May 11; sets price band at 462-487 per share

At the upper end of the price band, the company is valued at ₹35,284 crore, Delhivery announced in a virtual press conference.

State-owned insurance giant, LIC, opened its Initial Public Offering on May 4, Wednesday amid volatile domestic and global markets. (BLOOMBERG.)
State-owned insurance giant, LIC, opened its Initial Public Offering on May 4, Wednesday amid volatile domestic and global markets. (BLOOMBERG.)
Published on May 05, 2022 05:49 PM IST

LIC’s record IPO set to be fully sold as valuation drives demand

By Thursday, the second day of the offering, investors had already put in orders for 79% of the shares for sales in India’s biggest IPO.

An exterior view of Life Insurance Corporation of India's (LIC) headquarters, in Mumbai. (Reuters File Photo)
An exterior view of Life Insurance Corporation of India's (LIC) headquarters, in Mumbai. (Reuters File Photo)
Published on May 05, 2022 01:54 PM IST

LIC IPO: On Day 1, overall subscription at 67% | Key updates 

The LIC has fixed the price band at ₹902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.

A man walks past a hoarding of Life Insurance Corporation of India (LIC) in Mumbai.(REUTERS file)
A man walks past a hoarding of Life Insurance Corporation of India (LIC) in Mumbai.(REUTERS file)
Updated on May 04, 2022 09:00 PM IST

Number Theory: Five charts to make sense of the LIC IPO

The IPO, which was originally scheduled for the last fiscal year, will see the government only sell 3.5% of its stake compared to the mandated 5%.

State-owned insurance giant, LIC, opens its Initial Public Offering on May 4, Wednesday amid volatile domestic and global markets. (BLOOMBERG.)
State-owned insurance giant, LIC, opens its Initial Public Offering on May 4, Wednesday amid volatile domestic and global markets. (BLOOMBERG.)
Updated on May 04, 2022 11:35 AM IST

LIC IPO date: LIC to list on stock exchanges on May 17

The government is selling over 22.13 crore shares in LIC at a price band of ₹902-949 a piece in the initial public offering, which opens on May 4 and closes on May 9.

Describing the move to disinvest in the LIC as disastrous, ex-union energy secretary EA Sarma said it would result in dismantling the vast social security cover the corporation provides and endanger the interests of its crores of policyholders. (HT)
Describing the move to disinvest in the LIC as disastrous, ex-union energy secretary EA Sarma said it would result in dismantling the vast social security cover the corporation provides and endanger the interests of its crores of policyholders. (HT)
Published on Apr 27, 2022 01:47 PM IST

LIC IPO price band set at 902-949 a share for 21,000 crore: Report

The LIC would offer a ₹60 discount for policyholders and ₹40 for retail investors and employees. The issue is expected to open for subscription on May 4 and is expected to close on May 9, PTI reported. 

The government had in February planned to sell a 5 per cent stake or 31.6 crore shares of the insurance company and had filed draft papers with Sebi.
The government had in February planned to sell a 5 per cent stake or 31.6 crore shares of the insurance company and had filed draft papers with Sebi.
Updated on Apr 26, 2022 08:29 PM IST

LIC sees huge interest from anchor investors

The total commitment from over 100 global and domestic investors is more than the ₹6,300 crore allotment size to anchor investors, they said, requesting anonymity. However, a formal anchor book allotment is yet to begin.

An exterior view of Life Insurance Corporation of India's (LIC) headquarters, in Mumbai. (Reuters File Photo)
An exterior view of Life Insurance Corporation of India's (LIC) headquarters, in Mumbai. (Reuters File Photo)
Published on Apr 26, 2022 06:16 AM IST

LIC IPO to open on May 4, close on May 9: Report

The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch ₹21,000 crore to the exchequer.

LIC IPO to open on May 4, close on May 9: Report(Reuters File Photo)
LIC IPO to open on May 4, close on May 9: Report(Reuters File Photo)
Published on Apr 25, 2022 10:12 PM IST

LIC board okays cut in IPO issue size to 3.5%

The issue size of the IPO has been revised to a minimum of 3.5% from the earlier 5% based on current market situation and feedback from experts, two people aware of the development said, asking not to be named. The minimum value of the issue size would be around ₹21,000 crore.

The issue size of the IPO has been revised to a minimum of 3.5% from the earlier 5% based on current market situation and feedback from experts, the people said, asking not to be named.
The issue size of the IPO has been revised to a minimum of 3.5% from the earlier 5% based on current market situation and feedback from experts, the people said, asking not to be named.
Updated on Apr 24, 2022 12:34 AM IST

India’s ‘Unicorn Couple’ aim for first startup IPO within a year

OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering in six months to a year, Ruchi Kalra, who co-founded the startup with husband Ashish Mohapatra, told Bloomberg Television on Monday.

OfBusiness is a supplier of raw materials from steel to chemicals to small businesses. (For representation purpose)(Getty Images/iStockphoto)
OfBusiness is a supplier of raw materials from steel to chemicals to small businesses. (For representation purpose)(Getty Images/iStockphoto)
Published on Apr 11, 2022 11:40 PM IST
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