Latest IPO News

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Latest IPO News
Stocks of four IPOs recently listed fall before
anchor lock-in expiry Four companies who made
their stock market debut last month saw their
shares fall, just before the lock-in period
ended for anchor investors. Krsnaa
Diagnostics and Windlas Biotech lost between
one and three percent during Thursday's trade. On
the other hand, the Nifty Smallcap 100 index rose
0.64 percent. All four companies will be able to
lock in their anchor investors for a 30-day
period on Monday. BoAt is planning an IPO and
estimates a valuation of almost 1.4 bn BoAt is
one of India's top-selling earwear brands and
wearable categories. One of three people spoke on
condition of anonymity to say that they are
looking at a valuation around 1.4 billion
(around Rs10,000 crores) for their IPO, which is
expected between March and June next year. India
is looking for foreign institutional
investment up to 20 in LIC IPO According to
a government source, the government may allow
foreign institutional investments of up to 20
to Life Insurance Corporation. India's
largest-ever IPO is expected to be the listing of
LIC. The government aims to raise Rs. Its stake
sale will bring in 900 billion dollars (12.24
2

• billion). This will make it easier for
  fund-raising to be completed for the IPO that the
  government has planned for the company, most
  likely during the current financial year.
  Due to concerns about the ability of the Indian
  stock markets to absorb such an offering,
  investors will be offered two portions of the
  IPO.
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• Sansera Engineering IPO will open Sept 14
• Sansera Engineering's initial public offering
  (IPO), will be made available to the primary
  market starting Tuesday, September 14. The
  price range for the offer is Rs 734-744
  per unit. The Bengaluru-based company's IPO
  is looking to sell 17,244,328 shares
  from its existing shareholders and
  promoters. The OFS is open to existing investors,
  including Client Ebene and CVCIGP II Employees
  Ebene. Promoters include Unni Rajagopal, Unni
  Singhvi and D Devaraj.
• Paytm appoints business heads prior to IPO
• One97 Communications, the company that owns
  Paytm's brand, has promoted at least four
  people to the position as chief business
  officer (CBO), for its various verticals
  ahead of its eagerly awaited November-listing.
• Read latest Paytm news
• Paytm sets up separate subsidiary for its payment
  aggregator business
• According to their Linkedin profiles,
  founder Vijay Shekhar Sharma's brother Ajay
  Shekhar Sharma and Ripunjai Gaur were elevated to
  CBO in the last month from senior vice-president
  positions.
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