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An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges .
It opened its initial public offering (IPO) with an Offer For Sale (OFS) of ₹ 567 crore (US$66 million) comprised with ₹240 crore fresh issue and ₹327 crore by promoters and investors up to 48.69 lakh equity shares worth in BSE & NSE on 7 July 2023. [9] [10] [11] The IPO gained a premium of 94% to the issue price of ₹1,296 on the ...
A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be publicly listed. In most jurisdictions, a public offering requires the issuing company to publish a prospectus detailing the terms and rights attached to the offered security, as well as information on the company itself and its finances.
Getting in on an initial public offering — more commonly called an IPO — seems like the ticket to riches. Buy a hot new stock and get in on the ground floor of a blockbuster company with the ...
In 2012, Warburg Pincus agreed to buy a majority stake in the company for ₹ 8.10 billion (US$151.58 million), including ₹1 billion by way of preferential allotment. An open offer was made to the public in line with SEBI guidelines. The board was reconstituted and the company was renamed Capital First.
In November 2023, Tata Technologies launched its book-built initial public offering (IPO) selling shares worth ₹ 3,042 crore (US$350 million), making it Tata Group's first public offering in nearly two decades. [20] Its shares began trading on NSE and BSE on 30 November 2023. [21]
Greenshoe, or over-allotment clause, is the term commonly used to describe a special arrangement in a U.S. registered share offering, for example an initial public offering (IPO), which enables the investment bank representing the underwriters to support the share price after the offering without putting their own capital at risk. [1]
Although the company had to disclose that it had no revenues nor products, and companies previously led by its principals had failed, the celebrity status of the founders attracted attention. [5] [6] [7] The demand for the March 14 IPO caused an exercise of the over-allotment, resulting in net proceeds of $164 million. [8]