PUBLIC EQUITY

Fairwinds PE eyes part-exit in Shankara Building Products’ IPO

September 29, 2016 | TEAM VCC

Shankara Building Products Ltd (formerly Shankara Infrastructure Materials Ltd) has filed its draft red herring prospectus with capital market regulator SEBI to float its initial public offering (IPO).

Fundraising via IPOs in April-September jumps to nine-year high

September 29, 2016 | PTI

Indian companies have raised Rs 17,283 crore through initial public offerings in the first half of the current fiscal, making it the highest fund mobilisation in nine years, says a report.

ICICI Prudential Life makes forgettable debut; stocks slump 11% on issue price

September 29, 2016 | TEAM VCC

ICICI Prudential Life Insurance Co. Ltd made a disappointing debut on the stock markets on Thursday, with its shares ending almost 11% lower from the issue price after India’s biggest initial public offering in six years.

Actis-backed Endurance Tech eyes $1 bn valuation in IPO

September 28, 2016 | TEAM VCC

Auto components maker Endurance Technologies Ltd is seeking a valuation of as much as Rs 6,640 crore ($1 billion) through an initial public offering early next month.

India IPO market remains promising, says EY

September 28, 2016 | PTI

India is a promising market for initial public offerings with two of its premier stock exchanges, BSE and NSE, registering the maximum number of IPOs in the Europe, Middle East, India and Africa (EMEIA) region worth USD 1.8 billion, says an EY report.

A peek at the IPO pipeline in India

September 28, 2016 | Bruhadeeswaran R

India’s primary market, which opened up with the new government taking over in May 2014, has seen a number of marquee corporate names go public, especially in the past year.

Security services firm SIS files for IPO; CX Partners to part-exit

September 28, 2016 | TEAM VCC

India’s second largest private security services provider Security & Intelligence Services (India) Ltd (SIS) has filed its draft red herring prospectus with the securities market regulator SEBI for its initial public offering (IPO).

Catholic Syrian Bank revives listing plan

September 28, 2016 | Ranjani Raghavan

Catholic Syrian Bank has revived its listing plan and expects to raise Rs 1,000 crore ($150 million) over the next three years to meet its capital needs, Bloomberg reported.

L&T Tech pares early gains in tepid market debut

September 23, 2016 | TEAM VCC

L&T Technology Services Ltd made a muted start on the stock exchanges on Friday with its shares listing at a 4.6% premium to the issue price but losing almost all the gains at close.

HPL Electric IPO gets off to slow start

September 22, 2016 | TEAM VCC

HPL Electric & Power Ltd saw just about 6% subscription for its initial public offering (IPO), on the first day, with only retail investors applying to invest in the firm.

Exclusive: MAS Financial Services firms up plans to go public

September 21, 2016 | Bruhadeeswaran R

Ahmedabad-based non-banking finance company MAS Financial Services Ltd is firming up plans to take the firm public after several firms in the financial services space recently saw strong investor response to their public issues, said a person close to the development.

Investors pile on biggest India IPO in six years as ICICI Pru issue oversubscribed 9.5 times

September 21, 2016 | TEAM VCC

ICICI Prudential Life Insurance Co. Ltd’s initial public offering (IPO) recorded bids for 10.5 times the shares on offer or was oversubscribed 9.5x.

PolicyBazaar plans $100 mn IPO, Nasdaq listing

September 21, 2016 | Dearton Thomas Hector

Gurgaon-based eTechAces Marketing and Consulting Pvt. Ltd, which runs the online insurance portal PolicyBazaar, is planning to get listed on the Nasdaq stock exchange in the US, according to a report.

BP sells 8.5% stake in Castrol India

September 20, 2016 | TEAM VCC

London-headquartered energy giant BP Plc has sold 8.5% stake in public-listed lubricants arm Castrol India Ltd for Rs 1,824 crore ($270 million) on Tuesday. The deal brings down BP’s stake in the Indian unit to 51%.

ICICI Prudential IPO hits mid-way mark on day 2

September 20, 2016 | TEAM VCC

ICICI Prudential Life Insurance Co. Ltd’s initial public offering (IPO) that saw a slow start on Monday continued its tardy pace with the public issue being covered 52% on day 2.

ICICI Prudential Life’s IPO gets off to a slow start

September 19, 2016 | TEAM VCC

ICICI Prudential Life Insurance Co. Ltd saw a slow start to its public issue, the first initial public offering (IPO) in the insurance sector, with just about 16% or a sixth of the issue finding takers at the end of day 1.

ICICI Prudential Life raises $244 mn from anchor investors

September 17, 2016 | Bruhadeeswaran R

ICICI Prudential Life Insurance Co. Ltd on Friday raised about Rs 1,636 crore ($244 million) by selling shares to 38 anchor investors including Morgan Stanley, Singapore sovereign wealth fund GIC, private equity firm Oaktree Capital and Dutch pension fund PGGM.

HNIs and corporates buoy GNA Axles’ IPO with 53x oversubscription

September 16, 2016 | TEAM VCC

Rear axle shafts maker GNA Axles Ltd saw its initial public offering (IPO) recording bumper oversubscription led by investor interest from high net-worth individuals and corporates.

L&T Technology, GNA Axles IPOs oversubscribed

September 15, 2016 | TEAM VCC

The initial public offering (IPO) of L&T Technology Services Ltd and GNA Axles Ltd were both oversubscribed, adding to the list of firms that successfully navigated their public issues.

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