Initial public offering (IPO) News

Sula Vineyards said it has raised Rs 288 crore from anchor investors days ahead of its initial public offering (IPO). The company has decided to allot 80,70,158 equity shares to anchor investors at Rs 357 apiece, aggregating to Rs 288.10 crore. The capital was raised from 22 investors, including BNP Paribas Arbitrage, and Morgan Stanley (Asia) Singapore Pte Ltd.

Dharmaj Crop Guard IPO Subscription Status Latest News: The Initial Public Offering (IPO) by Dharmaj Crop Guard has concluded on November 30. The Rs 251-crore IPO was subscribed 35.49 times in all. The IPO received bids for 28,43,51,820 shares against 80,12,990 shares on offer. According to the NSE Data, the non-institutional investors' category was subscribed 52.29 times, Qualified Institutional Buyers (QIBs) category was subscribed 48.21 times, and Retail Individual Investors (RIIs) subscribed 21.53 times.

Pritika Engineering Components Limited's initial public offering went live for subscription on November 25. Pritika Engineering Components is a wholly owned subsidiary of Pritika Auto Industries. Pritika Engineering IPO opened on November 25 and will conclude on November 30.

The government has already raised over Rs 8,800 crore through disinvestment in six companies, including selling stake in L&T through Specified Undertaking of Unit Trust of India (SUUTI), and one share buyback.

Businesses in Asia are confident that initial public offering (IPO) activity will see an upsurge in the coming year, according to a new report.