Page 2 - Ipo Watch News Today

Ideaforge, Indias leading drone manufacturer, has opened its initial public offering (IPO) for subscription. The company has raised INR2.54bn ($34m) from anchor investors, including HSBC, Invesco, and Goldman Sachs. The IPO is priced between INR638-672 per share, with analysts arguing it is reasonably valued given the potential for future growth. With a 50% market share in Indias unmanned aircraft systems (UAS) industry, the drones made by Ideaforge are suitable for mapping, security, and survei...

The initial public offer (IPO) of four companies will open and close this week. These 4 companies include Crayons Advertising, Vasa Denticity, Proventus Agrocom and Hemant Surgical Industries.

Proceeds will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives and general corporate purposes.

Besides Sharma and the Bollywood actors, Mangina Srinivas Rao (previously associated with ITC e-Chaupal and Bill and Melinda Gates Foundation, India) also took a stake in the company, a company press release suggested

Fusion Microfinance IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer of sale (OFS) of 1,36,95,466 shares by promoters and existing shareholders.

Honey Rose Investment, which owns 48.65 per cent stake in the company, is directly owned by certain private equity funds managed by Warburg Pincus.

The 309-crore Tracxn Tech IPO, which was sold from October 10 to October 12 in the Rs 75-80 price band, got 2.01 times subscription.

IPO watch: This year there have been a number of IPOs that made their debut at discount prices on the listing date.

Delhivery IPO to open on May 11: Know per share price, discount for employees, listing date, other details - The bidding for anchor investors will start on May 10 and the three-day initial share will conclude on May 13.

Mukesh Ambani's mega plan involves separate initial share sales for his telecom venture Reliance Jio Platform (RJPL) and subsidiary Reliance Retail Ventures Limited (RRVL).