IPO Roundup May 5, 2016


Six bankers to earn Rs 300 crore in fees for Rs 17,000 crore Vodafone India IPO – The Economic Times

Six bankers shortlisted for the Vodafone India IPO expect to earn a fees of Rs 300 crore from what promises to be one of the country’s largest listings, raising around $2.5 billion (Rs 17,000 crore), people familiar with the matter said. The IPO could hit the markets by March 2017. 


Manulife seeks to raise $700m in second IPO attempt, Companies & Markets News & Top Stories – The Straits Times

The moribund Singapore initial public offering (IPO) market is finally seeing some signs of life. Manulife Financial Corp, Canada’s largest life insurer, is seeking to raise gross proceeds of US$519.2 million (S$700 million) in a second bid at a Singapore IPO of its United States properties. 


IPO hopeful ArcPac Building Products releases pricing range, pathfinder | afr.com

ASX aspirant ArcPac Building Products has released its initial public offering price range to fund managers on Wednesday as the management roadshow gets underway and a pathfinder prospectus is lodged. 


Eurozone IPO flops cast doubt on rebound — FT.com

Nearly half the €6.2bn raised in eurozone IPOs this year came in April, as bankers seized a window for capital raisings between the Easter holiday and the UK vote on EU membership, which could trigger greater market volatility. 


There’s a strong IPO pipeline in FY17: V Jayasankar, Kotak Investment Banking – The Economic Times

In a chat with ET Now, V Jayasankar, Kotak Investment Banking, says when you have a good macro situation, both in the Indian capital market as well as the global capital markets, you will see IPO financing fuelling the demand among HNIs. 


Parag Milk IPO positives priced in | Business Standard News

Parag Milk Foods is an integrated dairy player with key brands such as Go, Govardhan, Topp Up and Pride of Cows. Focus on the healthier cow milk and value-added dairy products along with under-penetration of organised players are key positives and will aid the company’s growth over the next few years. 


Philips Plans IPO For Lighting Business

Dutch technology company Philips announced Tuesday it will sell “at least 25 percent” of its lighting business on the stock market to focus on its medical equipment division. The company’s lighting division is the world’s largest manufacturer of lights and in 2015, had sales of over $8.5 billion. 


Etsy posts first quarterly profit since IPO – MarketWatch

Etsy Inc. reported a quarterly profit for the first time since its April 2015 initial public offering, as growth in users and revenue remained strong. The Brooklyn, N.Y., company, which runs an online marketplace for handmade and vintage goods, said revenue rose 40% to $81.8 million, outpacing fourth-quarter growth of 35%.  


KIMS Hospitals may raise Rs600 crore via IPO – Livemint

Hyderabad-based super-specialty hospital chain Krishna Institute of Medical Sciences Ltd (KIMS Hospitals) is planning to go public and has initiated talks with investment banks for an initial public offering (IPO), said two people aware of the development. 


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