Firms get second shot at IPO jackpot
Business Standard|October 31, 2024
Buoyancy in the primary markets has thrown a lifeline for companies that were unable to successfully launch an initial public offering (IPO) on their first attempt.
SUNDAR SETHURAMAN
Firms get second shot at IPO jackpot

So far this calendar year, 14 companies have refiled their draft red herring prospectus (DRHP) and half a dozen companies have successfully listed.

Companies that successfully listed this year after their DRHPs lapsed include Northern Arc Capital, Aadhar Housing Finance, Allied Blenders and Distillers, Godavari Biorefineries and Le Travenues Technology.

There are a few companies that have revived their listing plans after several years and some are looking to list after going private.

Mumbai-based real estate developer Kalpataru refiled its DRHP in August this year, 11 years after its offer document had lapsed.

Acme Solar Holdings also filed its DRHP after five years.

Similarly, Amanta Healthcare filed its offer documents after more than a decade.

Hexaware Technologies, which delisted from the bourses in November 2020, filed its DRHP in September.

Investment bankers said buoyant markets, improved valuations and wider acceptance for companies across sectors is underpinning these filings.

هذه القصة مأخوذة من طبعة October 31, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 31, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

How AI is Disrupting the Literary World

This summer, Ayad Akhtar was struggling with the final scene of McNeal, his knotty and disorienting play about a Nobel Prize-winning author who uses artificial intelligence to write a novel.

time-read
4 mins  |
November 02, 2024
Business Standard

Dark store surge set to spur realty demand

Quick commerce (qcom) firms are poised to impact India's real estate landscape as they expand their dark store networks to meet the growing demand.

time-read
3 mins  |
November 02, 2024
The Bibek I knew
Business Standard

The Bibek I knew

It was the early 2000s when I was setting up an economics research practice.

time-read
4 mins  |
November 02, 2024
Business Standard

Saudi revives India investment plans amid shrinking mkt share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

time-read
3 mins  |
November 02, 2024
Business Standard

Tech, threats, territories - navigating industry growth in the new world order

As I step into my role as president of Nasscom, I view the next five years as a critical period, shaped by the intersection of three forces: Technology, threats, and territories.

time-read
4 mins  |
November 02, 2024
STARS AND STYLE
Business Standard

STARS AND STYLE

The two biggest ever stars of Indian movies have followed contrasting styles as brands

time-read
4 mins  |
November 02, 2024
Business Standard

Overhaul of HVLDE norms on cards

Market regulator Sebi has proposed an overhaul to the framework governing high-value listed debt entities (HVLDEs) in a bid to reduce the compliance burden.

time-read
1 min  |
November 02, 2024
Sebi moots changes to ERP framework
Business Standard

Sebi moots changes to ERP framework

Revision to allow ERPs to rate unlisted securities

time-read
1 min  |
November 02, 2024
Business Standard

Testing the Midwestern assumption

Every now and then, a moment comes when the assumptions underlying a nation's politics are completely overturned.

time-read
3 mins  |
November 02, 2024
Business Standard

From alienation to acceptance

A third of the way into Matthew Rankin's Universal Language, one stops wanting to know the film's secret and begins swimming in its mystery instead.

time-read
3 mins  |
November 02, 2024