PUBLIC EQUITY

Exclusive: VLCC Healthcare defers IPO, now eyes listing in second half of 2017

December 02, 2016 | Joseph Rai

Wellness firm VLCC Healthcare is letting regulatory approval for a public float lapse, amid market volatility following the government's demonetisation move last month, and will refile for the share sale next year, a top executive told VCCircle.

SBI Life Insurance mulls IPO next year

December 02, 2016 | PTI

SBI Life Insurance may float its initial public offering (IPO) in 2017, a top company official said.

"The IPO of SBI Life may happen in 2017," SBI Life Insurance MD and CEO Arijit Basu told PTI.

Sleepwell mattress maker’s IPO beats demonetisation blues

December 01, 2016 | Ankit Doshi

The initial public offering of Sheela Foam Ltd, which makes mattresses under the Sleepwell brand, sailed through on the final day of the offering thanks to strong interest from institutional and affluent individual investors.

Sleepwell mattress maker’s IPO covered 6% on second day

November 30, 2016 | Ankit Doshi

The initial public offering of Sheela Foam Ltd, which makes mattresses and bedding products under the Sleepwell brand, attracted few investors on the second day of the issue and will likely struggle to cross the ropes with one day to go.

Sleepwell mattress maker sees poor start to IPO

November 29, 2016 | Ankit Doshi

Mattress and bedding products maker Sheela Foam Ltd, which sells its products under the brand Sleepwell, saw its initial share sale open to slow start on Tuesday.

Warburg Pincus-backed Laurus Labs eyes $660 mn valuation in IPO

November 29, 2016 | Ankit Doshi

Hyderabad-based drugmaker Laurus Labs Ltd is seeking a valuation of as much as Rs 4,521 crore ($660 million) through an initial public offering that begins next month.

Blackstone-backed Jagran files documents for IPO of radio business

November 28, 2016 | Ankit Doshi

Media house Jagran Prakashan Ltd said on Monday its FM radio unit has filed draft documents with capital markets regulator Securities and Exchange Board of India for an initial public offering.

Sleepwell mattress maker raises $22 mn in anchor allotment from PremjiInvest, others

November 28, 2016 | TEAM VCC

Sheela Foam Ltd, which sells its products under the brand Sleepwell, has raised Rs 153 crore ($22 million) from anchor investors a day ahead of opening its initial public offering (IPO), it said on Monday.

Exclusive: Mankind Pharma reviews strategy; begins prep work for IPO

November 24, 2016 | Ranjani Raghavan

Capital International-backed Mankind Pharma Ltd, which had previously said it would not look at an initial public offering before 2020, is relooking at its plan and has started preliminary work to go public, a top company executive told VCCircle.

Merchant bankers cautiously optimistic for IPOs after GreenSignal issue fails

November 24, 2016 | Ranjani Raghavan & Ankit Doshi

Merchant bankers working on a pipeline of upcoming public issues are trying to shrug off the negative sentiments following GreenSignal Bio Pharma Ltd’s withdrawal of its initial public offering (IPO) on Wednesday.

Are foreign I-banks losing out in the Indian IPO rush?

November 22, 2016 | Bruhadeeswaran R

India’s primary markets have seen many successful initial public offerings since the Narendra Modi government took over in May 2014 and the amount raised via these share sales has surged. That would mean increased benefits for the investment banks managing these offerings, too.

Demonetisation claims first casualty on stock markets as GreenSignal Bio scraps IPO

November 22, 2016 | Ankit Doshi

GreenSignal Bio Pharma Ltd on Tuesday withdrew its initial public offering after failing to garner sufficient bids from institutional investors, as it bore the brunt of stock-market volatility after the Indian government’s shock decision to ban high-value currency notes and Donald Trump’s surpris

Sleepwell mattress maker eyes over $500 mn valuation in IPO

November 22, 2016 | Ankit Doshi & Ranjani Raghavan

Sheela Foam Ltd, which sells its products under the brand Sleepwell, is seeking a valuation of as much as Rs 3561.14 crore (roughly $520 million) through an initial public offering (IPO) that opens on 29 November.

GreenSignal Bio’s IPO struggling; search for institutional investors continues

November 18, 2016 | Ankit Doshi

Chennai-based GreenSignal Bio Pharma Ltd made no headway in finding institutional investors on Friday, which is crucial to see through its initial public offering (IPO) that was twice extended due to unfavourable market conditions.

Collateral damage: GreenSignal Bio’s IPO makes another attempt to sail through

November 17, 2016 | Ankit Doshi

GreenSignal Bio Pharma Ltd is trying to fend off the tag of being the first company to fail to see through its initial public offering (IPO) in almost two years.

Vodafone India IPO not before next fiscal year

November 15, 2016 | TEAM VCC

British telecom operator Vodafone Group Plc said on Tuesday a planned initial public offering of its Indian unit will not happen this financial year.

GreenSignal Bio Pharma extends IPO by three days

November 14, 2016 | PTI

Vaccine manufacturing firm GreenSignal Bio Pharma has extended its initial public offer by three days to November 17 amid lukewarm response from investors.

Cipla’s Ugandan unit plans IPO, hires banker

November 11, 2016 | Joseph Rai

Indian drugmaker Cipla said its subsidiary in Uganda, Cipla Quality Chemical Industries Ltd, plans to float an initial public offering and has hired an investment bank for the process.

PE-backed Aster DM Healthcare, Sleepwell mattress maker get SEBI nod for IPO

November 10, 2016 | PTI

Two companies -- Sheela Foam and Aster DM Healthcare -- have received markets regulator Sebi's approval to float initial public offerings (IPO).

PepsiCo bottler Varun Beverages climbs after weak debut

November 08, 2016 | TEAM VCC

Varun Beverages Ltd, the largest bottler for PepsiCo in India, made a tepid debut on the stock markets on Tuesday with its shares listing at a 3.37% discount to the issue price.

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