Category: IPO

New Delhi: Shri Bajrang Power and Ispat has received markets regulator Sebi’s approval to raise up to Rs 500 crore through an initial share-sale. The company, an integrated manufacturer of long steel products in the country, is the first one to get a clearance this year from the regulator to float an IPO. Shri Bajrang Power, which filed draft papers with the regulator in September 2018, obtained its “observations” on January 17, latest update with the Securities and Exchange Board of India (Sebi) noted. Sebi’s observations are very necessary for…

ET Intelligence Group: Indian companies may mop up Rs 40,000-50,000 crore through the initial public offering (IPO) route in 2020, an analysis of the draft red herring prospectus (DHRP) filed by companies with the market regulator and pitch notes of investment bankers show. It would be nearly four times higher compared with the Rs 12,362 crore raised by 16 companies in 2019 on the main exchange boards, which was the lowest in five years. Among the prominent IPOs that may hit in the first half of the new year are…

Home exercise machine maker Peloton (PTON) – Get Report was rising after the company was the subject of a bullish note from Wedbush analysts, who initiated coverage on the stock with an outperform rating. The firm also placed a $37 price target on shares of Peloton. That price target represents a potential 25% upside from the stock’s closing price Tuesday of $29.69. Wedbush is bullish because it said that Peloton wasn’t just a fad and it doesn’t have any lower-priced interactive stationary bike competition that represents a “legitimate threat” to the company’s…

NEW DELHI: With the equity benchmarks hitting record highs and a couple of IPOs seeing massive response from QIBs and high-net worth individuals, several companies have joined the queue to hit the primary market in the year ahead. Analysts said at least 40-50 new offerings are likely to hit the market in coming year, as global liquidity helps support valuations of domestic stocks. As per the Sebi website, offer documents for some 12 IPOs were under process till December 27. UTI Asset Management Company and Rossari Biotech filed their draft…

Casper Sleep, the mattress and accessories producer and retailer that calls itself “a pioneer of the sleep economy,” filed to go public. A Securities and Exchange Commission filing by the New York company did not specify a number of shares or a proposed offering price. But it said that Casper, founded in 2014, plans to go public on the New York Stock Exchange under the symbol CSPR. “We believe sleep is rapidly becoming the third pillar of wellness and is poised to undergo the same massive transformation that fitness and…