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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 ...
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 .
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]
A follow-on offering, also known as a follow-on public offering (FPO), is a type of public offering of stock that occurs subsequent to the company's initial public offering (IPO). A follow-on offering can be categorised as dilutive or non-dilutive.
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]
Qualified institutional placement (QIP) is a capital-raising tool, primarily used in India and other parts of southern Asia, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a qualified institutional buyer (QIB).
[4] [5] The investments through the IPO exceeded the target set by the company by a magnitude of over 50 times by the end of the year, raising ₹ 2,511 crore (equivalent to ₹ 31 billion or US$360 million in 2023) in the process. [6] This decreased the promoters' stake in the company from 75% to 26.11% by 2002 causing complications.
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it can be a non-dilutive pro rata way to raise capital.