Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
Theranautilus, a deep-tech startup specializing in nanorobotics for healthcare, has raised $1.2 million in seed funding. The round was led by Pi Ventures and saw participation from Golden Sparrow Ventures, Lalit Keshre....
The upcoming week promises substantial activity on Dalal Street, with one mainboard IPO, two SME public issues, and four listings on the Indian stock markets. Companies like Zinka Logistics Solutions, Neelam Linen and Garments, Mangal....
CIEL HR Services Limited, a technology-driven human resources solutions provider, is gearing up to file draft papers for an IPO to raise approximately ₹450 crore, according to sources familiar with the matter. The IPO will consist of a fresh issue....
HDB Financial Services shares have seen a significant uptick in the unlisted market ahead of their initial public offering (IPO).
(Bloomberg) — Venture Global LNG Inc., a leading US supplier of liquefied natural gas (LNG), is preparing to file for an initial public offering (IPO) this week that could raise over ₹25,000 crore ($3 billion), according to sources familiar with the matter.
Small and medium-sized enterprises (SMEs) have become a focal point for investors seeking quick returns, increasingly tapping into public markets.
NTPC Green Energy Ltd., a subsidiary of state-owned NTPC Ltd., is reportedly aiming for a valuation of approximately $12 billion in what could be one of India's most significant initial public offerings (IPO) in the renewable energy sector.
In a move aimed at simplifying the registration process for foreign portfolio investors (FPIs), the Securities and Exchange Board of India (SEBI) announced on Tuesday the introduction of an abridged version of the application form.
Jubilant Lulu Retail Ltd. has announced a monumental achievement with its initial public offering (IPO) being oversubscribed by 25 times across all categories.
Although these IPOs collectively aim to raise ₹1,173.3 crore—less than the impressive ₹18,500 crore raised the previous week, largely due to Swiggy’s substantial ₹11,327 crore offering—the IPO market remains vibrant.....
Mangal Compusolution, a hardware rental solutions provider, is set to launch its initial public offering (IPO) on November 12, marking the third SME IPO this month after Neelam Linens and Garments, and Rosmerta Digital Services.
Reliance Jio, the telecom arm of Mukesh Ambani’s Reliance Industries, is preparing for an initial public offering (IPO) exceeding $6.25 billion, expected to take place either in the second or third quarter of 2025, according to sources familiar with the matter.
In a move that could reshape India’s digital and telecom landscape, Reliance Jio, led by Mukesh Ambani, is gearing up for a public offering targeted for 2025. As India's top telecom company, Reliance Jio is valued at over $100 billion....
Apollo Green Energy Limited (AGEL), the renewable energy arm of Apollo International Group, is setting ambitious targets as it prepares for a public listing in 2025.
HDB Financial Services, a non-banking financial subsidiary of HDFC Bank, has filed draft papers with SEBI to raise ₹12,500 crore via an initial public offering (IPO). This proposed IPO will include a fresh issue of shares....
MobiKwik, the fintech company gearing up for its public listing, has decided to reduce its initial public offering (IPO) target to Rs 700 crore, significantly lower than its original Rs 1,900 crore target in 2021.
Food and grocery delivery giant Swiggy is expected to launch its highly anticipated initial public offering (IPO) between November 6 and November 8, with the anchor book opening on November 5, according to several industry sources.
Leading this year’s pack was Hyundai Motors' historic entry into the Indian market, marking the largest-ever IPO at ₹27,000 crore.
Afcons Infrastructure Ltd, the infrastructure and engineering subsidiary of Shapoorji Pallonji Group, raised ₹1,621 crore from anchor investors just ahead of its initial public offering (IPO), which opens on October 25.
Large multinational corporations are still eager to explore initial public offerings (IPOs) in India despite Hyundai Motor India’s lukewarm market debut on Tuesday.
Venture capital investors are increasingly pushing their early- to mid-stage portfolio startups, including IntrCity, BHive, and Leverage Edu, to go public, aiming to capitalize on a bullish stock market and return capital to their investors.
Afcons Infrastructure’s ₹5,430 crore initial public offering (IPO) has propelled the 2024 IPO market beyond the ₹1 trillion mark, a milestone previously achieved only once in 2021 when it reached ₹1.19 trillion.
State-owned NLC India Ltd is gearing up to launch an initial public offering (IPO) for its renewable energy subsidiary, NLC India Renewables Ltd (NLCIRL), aiming to raise approximately ₹4,500 crore between April and June 2025.
HDFC Bank, India’s largest private-sector lender, recently approved ₹12,500 Crore IPO of its non-banking arm HDB Financial Services. The IPO is expected to offer ₹10,000 Crore OFS to the existing shareholders and ₹2,500 Crore....
Afcons Infrastructure, the flagship engineering arm of the Shapoorji Pallonji group, has announced the price band for its upcoming initial public offering (IPO), set at Rs 440-463 per share.
Niva Bupa Health Insurance Company, backed by global private equity firm True North, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) to raise ₹3,000 crore.
Insomnia Media and Content Services Ltd, under the leadership of producer Juhi Mehta, has taken a significant step by filing for an initial public offering (IPO) on the National Stock Exchange’s (NSE) Emerge platform.
Hyundai Motor India Ltd (HMIL), the Indian division of the South Korean automaker, is preparing to go public on the Indian stock exchanges on October 22. As part of its growth strategy, HMIL has allocated....
Tamil Nadu-based MSME lender Veritas Finance Private Ltd is preparing to file draft papers for an initial public offering (IPO) aimed at raising over ₹3,000 crore by November, according to sources familiar with....
The number of dematerialised (demat) accounts, which are used for holding shares and other securities electronically, surged by 4.4 million in September 2024, bringing the total to 175.4 million. Since the start of the year.....
India’s regulatory reforms are set to speed up the return of IPO-bound startups that had previously moved abroad for better capital access and lower taxes, according to bankers, lawyers, and investors. Many Indian startups.....
Anlon Healthcare, a manufacturer of pharmaceutical intermediates, has filed preliminary documents with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
KinderCare Learning, a major provider of early childhood education in the U.S., has priced its U.S. initial public offering (IPO) to raise $576 million, according to an announcement on Tuesday. The company, backed by private.....
Hyundai Motor India, the second-largest car manufacturer in the country, has set a price range of Rs 1,865 to Rs 1,960 per share for its Rs 27,870-crore IPO, set to launch on October 15. The company, a subsidiary....
Swiggy, the food-tech giant preparing for a major IPO, has granted Employee Stock Ownership Plans (ESOPs) worth $270 million (around Rs 2,240 crore) to its co-founder and group CEO Sriharsha Majety, along with other top....
Zinka Logistics, Standard Glass Lining Technology, and NSDL have received approval from SEBI for their upcoming IPOs. SEBI issued observation letters to all three companies, allowing them to proceed with their IPOs.....
SEBI has given the go-ahead for the much-anticipated IPO of National Securities Depository Limited (NSDL), which manages the majority of dematerialized securities in India's capital markets....
The Securities and Exchange Board of India approves Jio Financial Services-BlackRock joint venture to enter India's mutual fund sector. The information about it was given by Jio on Friday in a stock exchange filing.....
Report claims that Hyundai Motor Co. intends to achieve a target valuation of $ 19 billion for its India unit's initial public offering the IPO, which was quoted either by Bloomberg or by an insider within the persons familiar with the matter.
IPOs have proven highly rewarding for investors in the first half of FY25, with both mainboard and SME segments seeing a surge in average listing gains. Data from Prime Database...
Hyundai Motor India Ltd, the Indian subsidiary of South Korean automaker Hyundai, is likely to launch its highly anticipated Rs 25,000-crore initial public offering (IPO) on October 14, according...
A significant wave of IPOs is set to hit Dalal Street. Companies, including Aditya Infotech, Vikram Solar, and Varindera Constructions, are set to go public and raise funds.
India is experiencing an unprecedented surge in IPO activity this year, with September standing out as a particularly remarkable month.
The primary markets were bustling in September 2024, with 11 mainboard and 41 SME (small and medium enterprises) initial public offerings (IPOs) launching.
Sambhv Steel Tubes, a key manufacturer of electric resistance welded (ERW) steel pipes and the structural tubes in India, has filed the draft DRHP with SEBI to raise ₹550-Crore via IPO.
Shapoorji Pallonji Group’s subsidiary, Afcons Infrastructure, is all set to conduct its pre-listing sale of ₹4000 Cr as per the sources. The move would attract esteemed investors...
Auto marketplace CarDekho is reportedly in advanced discussions to appoint merchant bankers for its initial public offering (IPO) slated for next year.
Swiggy, Hyundai Motor India, Acme Solar Holdings, Vishal Mega Mart, and Mamata Machinery have received approval from SEBI, India's capital markets regulator, to proceed with their IPO plans.
Vikram Solar, a major player in solar photovoltaic module manufacturing, submitted draft papers to SEBI on September 30 for an initial public offering (IPO).
Prostram Info System Ltd. has submitted its draft papers to the Securities and Exchange Board of India (SEBI) in preparation for raising capital through an initial public offering (IPO).
Ahmedabad-based pharmaceutical company Amanta Healthcare Limited is planning to launch its IPO. The company has filed the Draft Red Herring Prospectus (DRHP) with SEBI.
The IPO market is experiencing a strong surge, driven by favorable macroeconomic conditions, sector-specific factors, and fund managers' interest in innovative ideas. Over the next two months, more than half....
India's foreign exchange reserves soared to a new record of $692.3 billion in the week ending September 20, according to the latest data from the Reserve Bank of India (RBI).
Foreign investors have infused Rs 57,359 crore into Indian equities in September, marking the highest monthly inflow in nine months, largely due to the US Federal Reserve’s rate cut.
Solarworld Energy Solutions, a provider of solar energy solutions, has submitted preliminary documents to SEBI on September 29 to raise ₹600 crore through an initial public offering (IPO). The IPO includes a fresh....
MUMBAI: India led the global IPO market with 227 listings, raising 1,02,136.631 crore in the first eight months of 2024, driven by strong market conditions, a stable macroeconomic environment, and...
MUMBAI: New-age tech IPOs are benefiting from a strong stock market rebound after nearly three years of inactivity. So far, they have raised close to Rs 15,000 crore this year, marking...
India's foreign exchange reserves soared to a new record of $692.3 billion in the week ending September 20, according to the latest data from the Reserve Bank of India (RBI).
Dr Agarwal's Healthcare, supported by Temasek Holdings and TPG, is set to enter the capital markets, having filed preliminary IPO papers with the Securities and Exchange Board of India (SEBI) on September 27.
Rudrabhishek Enterprises Ltd. (REPL), a consultancy firm specializing in integrated urban development and infrastructure, has secured approval from the Securities and Exchange Board of...
Kumar Arch Tech, a leading producer of PVC blend-based building materials, has submitted draft papers to SEBI as it seeks to raise Rs 740 crore through an Initial Public Offering (IPO). The offer includes a fresh issue of.....
Indogulf Cropsciences Ltd, a leading manufacturer of crop protection products, plant nutrients, and biologicals, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹200 crore through....
Icon Facilitators, a provider of technical facilities management services, announced plans to launch an initial public offering (IPO) to fund its expansion efforts and is...
IT Solutions and services provider Mouri Tech is all set to raise Rs 1500 crore via IPO. As per the filed draft papers on September 25, it comprises Rs 440 crore worth of fresh equity shares and OFS worth Rs 1060 crore......
Swiggy, the food giant, filed an updated DHRP with SEBI on September 26. Rs 3,750 crore is to be raised with the fresh issue component, while the offer for sale will include 18.53 crore...
Manba Finance Ltd, a NBFC, recently launched its IPO. It opened on September 23 and witnessed the strong demand from investors across the board...
Hyundai Motor India, 2nd largest automaker in the country, is gearing up for its landmark IPO. As per Nomura analysts, the company deserves a valuation higher than its close competitor, Maruti Suzuki, which holds.....
IPO fundraising in 2024 has seen a remarkable performance, with 60 companies raising Rs 63,985 crore through mainboard offerings, making it the third highest amount raised in a calendar year in the primary market's....
Wow, Momo Foods, following the footsteps of Dominos, plans IPO in the next two years, as per the CEO. Currently valued at $299.33 million, the fast food chain seeks to double its $120 million revenue, thereby increasing....
With Diwali right around the corner, the Indian IPO market sees unprecedented activity. With the upcoming IPO flurry, including those coming from Swiggy, Hyundai Motor India, and some other major players....
RentoMojo, the online furniture rental startup, is geared to reportedly file the IPO in the next 18 months, as per Geetansh Bamania, founder and CEO. It comes after the company achieved profitability....
Whatfix, a digital adoption platform serving businesses, is on track to achieve profitability in the next six months as it gears up for a potential IPO within two years, according to co-founder and CEO Khadim Batti.....
Highway Infrastructure, based in Madhya Pradesh and specializing in toll collection and EPC infra, has submitted its draft papers to SEBI, seeking to raise capital through an initial public offering (IPO).....
Glottis, a logistics service provider, has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO).
5th largest IPO in India, Swiggy, gets a nod from SEBI. Gaining the green light, the food and grocery delivery company is expected to scale up the IPO size to around 11,700 crore (approx. $1.4 billion)...
SEBI approves Hyundai’s draft red herring prospectus. With Rs 25,000-crore offer-for-sale, the biggest IPO in India is set to hit floors in October. The IPO prospectus was filed by the company in June...
KKR, a private equity firm backed by InCred Financial Services Ltd, is eying Rs. 5000 cr IPO in the upcoming 1-2 years. The capital raise is expected after KKR, holding 13.4% of the company’s...
Fractal Analytics, a leading provider of artificial intelligence services, is contemplating an initial public offering (IPO) in Mumbai as early as November to raise $500 million, according to individuals familiar with the matter.
Fractal Analytics, a leading provider of artificial intelligence services, is contemplating an initial public offering (IPO) in Mumbai as early as November to raise $500 million, according to individuals familiar with the matter.
Pratilipi, a digital storytelling platform, is planning to launch its IPO in January 2026. The company expects to raise $12 million (₹100 crore approx.) in its pre-IPO round at a lower valuation in comparison to.....
Swiggy's confidential IPO filing has received approval from the Securities and Exchange Board of India (Sebi), paving the way for a public listing expected in November, according...
Fractal Analytics, a leading provider of artificial intelligence services, is contemplating an initial public offering (IPO) in Mumbai as early as November to raise $500 million, according to individuals familiar with the matter.
The Reserve Bank of India's (RBI) draft guidelines on the liquidity coverage ratio (LCR) under Basel-III norms, if implemented as proposed, could make it harder for low-rated non-banking financial companies...
M2P Fintech, a leading fintech startup, raised ₹850 crore in Helios Investment Partners-led Series D funding round. Major Asian banks and their existing investor, Flourish Ventures...
The IPO will consist of a fresh issue of shares worth ₹2,500 crore and a sale of shares by existing shareholders, according to a filing by HDFC Bank.
On Monday, Gurugram-based One Mobikwik Systems received approval from the Securities and Exchange Board of India (Sebi) to proceed with its initial public offering (IPO). The company had refiled its IPO.....
India has overtaken China for the first time in a key MSCI equities index, fueled by robust economic growth and substantial inflows.
Samvardhana Motherson's shares saw a 1.5% rise after the company announced a successful capital raise of ₹6,438 crore through a Qualified Institutional Placement (QIP). The capital was raised through.....
The IPO will consist of a fresh issue of shares worth ₹2,500 crore and a sale of shares by existing shareholders, according to a filing by HDFC Bank.
The final week of September is set to be busy for India's thriving primary market, with 10 new IPOs scheduled between September 23 and 27. These include two mainboard IPOs and eight from the small and.....
Avaada Group has outlined an ambitious plan to invest ₹2.5 lakh-crore across various green energy sectors, with the goal of becoming a sand-to-molecule company by 2031, according to Founder and Chairman.....
HDFC Credila, India’s largest education loan provider, is all geared up for 2025’s major Initial Public Offer. Rs 5000 crore approx. is expected to be raised....
The initial public offering (IPO) of non-banking financial company Manba Finance is set to open for subscription on September 23 and will be available for bidding until September 25, 2024. Prior to the IPO launch....
India is on track to become a $10 trillion economy by 2032, adding $1 trillion to its GDP every 18 months over the next six years, according to a report by IDBI Capital. This growth surge could position India as the world's....
Overseas funds return back to the Indian stocks. Resurgence seen in the $5 trillion market after election-related uncertainties news spread earlier...
State-run Solar Energy Corporation of India Ltd (Seci) is gearing up to go public within the next one to two years, as revealed by its chairman and managing director, R.P. Gupta. During a media briefing, Gupta....
The Indian arm of Norwegian investment firm Orkla ASA, which owns popular spice brands like MTR and Eastern, is considering launching an IPO in 2025, according to a senior company executive. “The ASA board has...
According to the bulletin, "September is set to be the busiest month for IPOs – mainboard and SME – in 14 years, with over 28 companies entering the market so far."
लक्जरी होटल चेन लीला पैलेसेज, होटल्स एंड रिसॉर्ट्स जल्द ही अपना IPO लाने की तैयारी कर रही है और इसके लिए जल्द ही सिक्योरिटी एक्सचेंज बोर्ड ऑफ इंडिया (SEBI) के पास ड्राफ्ट रेड हेरिंग प्रॉस्पेक्टस (DRHP) फाइल करेगी....
HDB Financial Services, a subsidiary of HDFC Bank, India's largest private lender, has announced plans to raise ₹2,500 crore through a fresh issue of shares as part of its initial public offering (IPO), according....
Indian stock market today, on September 20, reached new heights. While Sensex went up 1.63%, it closed at 84,544.31. Nifty 50, on the other hand, gained 1.48% and closed at 25,790.95. It marked Sensex's first high, crossing...
BSE Ltd.’s stock in India is on track for its best weekly performance ever, driven by investor optimism surrounding a potential IPO of its competitor, the National Stock Exchange (NSE).
Anand Rathi, a leading Mumbai-based brokerage firm, is reportedly preparing for an initial public offering (IPO) with a potential size ranging from ₹800 to ₹1,000 crore, according to sources. Founded in 1994,....
KOLKATA: Ellenbarrie Industrial Gases, headquartered in Kolkata, has announced plans to initiate an initial public offering (IPO) consisting of a fresh issue amounting to Rs 400 crore and an offer for sale (OFS) of...
India's equity market has a history of strong performance within three months and over three years following the start of the US Federal Reserve's rate-cut cycles.
India’s equity market led the world in IPO activity during the first half of 2024, driven by robust domestic inflows, according to a report. The firm highlighted that more than 5,450....
India has overtaken China for the first time in a key MSCI equities index, fueled by robust economic growth and substantial inflows.
WOL 3D India Limited, a leader in 3D printing solutions since 1988, is set to launch its SME IPO on the NSE platform, aiming to raise ₹25.56 crore by issuing 17.04 lakh new shares at a price range of ₹142 to ₹150 per share.....
PMEA Solar Tech Solutions, a leading solar tracking and mounting product manufacturer based in Mumbai, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise....
Quadrant Future Tek Limited has received final approval from the Securities and Exchange Board of India (SEBI) to raise ₹275 crore via an initial public offering (IPO). Established in 2015, the company specializes in....
NTPC Green Energy, the renewable energy subsidiary of NTPC, is gearing up to file for an initial public offering (IPO) worth ₹10,000 crore, with plans to hit Dalal Street soon. Sources confirmed to CNBC-TV18 that NTPC aims to unlock....
SpiceJet is set to raise Rs 3,000 crore through a Qualified Institutional Placement (QIP) that closes today. The airline is offering shares at Rs 61.60 each, which represents a 4.92% discount from SEBI's floor price....
Afcons Infrastructure Limited (AIL), the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has received final approval from the Securities and Exchange Board of India (SEBI)....
Fabtech Technologies, a provider of turnkey engineering solutions for the pharmaceutical, biotech, and healthcare sectors, has submitted draft papers to SEBI to raise funds through an IPO.
B2B ecommerce platform Infra.Market is reportedly looking to secure a fresh funding round of $150-200 million (around INR 1,250-1,680 crore) ahead of its initial public offering (IPO).....
Five companies, including Afcons Infrastructure Ltd (AIL) from the Shapoorji Pallonji group, have secured approval from SEBI to raise funds through initial public offerings (IPOs). Alongside Afcons, Godavari Biorefineries.....
In a strategic move, South Korea's LG Electronics Inc. is preparing for the initial public offering (IPO) of its Indian business, aiming to raise around $1.5 billion.
On September 16, the stock market hit new record highs, with the Sensex reaching 83,184 and the Nifty touching 25,445 during the trading session. Despite a slight dip later, the Sensex ended the.....
Laxmi Dental Ltd has filed a draft red herring prospectus with SEBI to launch an IPO aimed at raising funds. The offering will consist of a fresh issue worth Rs 150 crore....
Swiggy, the food delivery platform, is reportedly planning to file for its initial public offering (IPO) as early as this week, according to sources familiar with the situation. The IPO could raise over $1 billion, although.....
Banks have raised over ₹50,000 crore in the first five and a half months of FY25 through infrastructure bonds, as deposit growth has remained sluggish while credit demand stays strong. Major banks such as State Bank.....
India's forex reserves surged by $5.25 billion, reaching a new record high of $689.24 billion for the week ending September 6, according to the Reserve Bank of India (RBI). In the previous week, the reserves had....
The real estate sector is experiencing its highest equity fundraising in 17 years, largely driven by Qualified Institutional Placements (QIPs), which reached an all-time high of ₹11,746 crore in 2024. This year marks.....
BMW Ventures Limited, based in Patna, Bihar, has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The company plans to offer 23,418,000 equity shares with a face value.....
The Securities and Exchange Board of India (Sebi) has approved changes to the National Stock Exchange's (NSE) memorandum of association, allowing the exchange to increase its authorized share capital.....
So far in 2024, 57 IPOs have been completed, matching the total number of IPOs in 2023. However, these 57 IPOs have collectively raised significantly more funds in the first eight and a half months of 2024 than in all of 2023.....
The initial public offering (IPO) of Bajaj Housing Finance has set a new benchmark by garnering bids worth over Rs 3.2 lakh crore. The company aimed to raise Rs 6,560 crore through a combination of....
Regreen-Excel EPC India Limited, a technologically advanced engineering, procurement, and construction (EPC) company specializing in ethanol facilities, has submitted its draft red herring prospectus (DRHP)...
State Bank of India (SBI) is set to raise up to ₹7,500 crore through a tier-2 bond sale, scheduled for next week, as it seeks to address increasing credit demand. The bond issuance will have a base size of ₹3,500-4,000....
ऑनलाइन फूड डिलीवरी प्लेटफॉर्म स्विगी ने अपने इनिशियल पब्लिक ऑफर (IPO) के साइज को बढ़ाने का फैसला किया है। कंपनी अब नए शेयरों की बिक्री से 5,000 करोड़ रुपए जुटाने की योजना बना रही है, जो पहले 3,750 करोड़ रुपए थी.....
Logistics company Western Carriers India Ltd has announced a price band of Rs 163-172 per share for its upcoming initial public offering (IPO). The IPO will be open for subscription from September 13 to September 18,...
LEE THIAM WAH, who began his entrepreneurial journey selling snacks from a roadside stall in Malaysia, has now built a vast retail empire with over 2,600 convenience stores nationwide. At the age of 60, he has become....
Ventive Hospitality Pvt Ltd, a joint venture between Panchshil Realty and Blackstone, is preparing to file its initial public offering (IPO) documents to raise Rs 2,000 crore, according...
Arkade Developers Ltd, a prominent real estate firm, will launch its Rs 410 crore initial public offering (IPO) on September 16. The offering will be open until September 19, with anchor investor bidding starting on September 13....
Investors are in for a busy week as Dalal Street braces for a wave of IPOs, with 13 companies planning to raise a total of ₹8,644 crore through initial public offerings (IPOs). Among the mainboard IPOs....
Next week will see a surge in IPO activity, with 13 companies, including major players like Bajaj Housing Finance, preparing to enter the primary market to raise a total of Rs 8,644 crore. This includes four main-board IPOs....
Next week, the primary market is gearing up for one of its busiest periods in 2024, with 13 new initial public offerings (IPOs) set to hit the market. This wave of new issues, including both main board and SME IPOs....
Zepto, a quick commerce startup, has selected Goldman Sachs, Morgan Stanley, and Axis Capital as advisors for its initial public offering (IPO), expected to take place in the second half of 2025, according to sources...
MUMBAI: Another day, another SME makes waves on IPO street.
Just a week after an eight-employee two-wheeler dealer created a buzz with its IPO being subscribed 400 times, Boss Packaging Solutions, a small company from Gujarat, has drawn significant attention.
China continues to dominate the global 5G smartphone market with a 32% share, while India has climbed to second place with 13%, overtaking the US, which now holds a 10% share. A recent report from Counterpoint....
आईटी कंपनी हेक्सावेयर टेक्नोलॉजीज ने 9,950 करोड़ रुपए का इनिशियल पब्लिक ऑफरिंग (IPO) लाने की तैयारी कर ली है। इसके लिए कंपनी ने कैपिटल मार्केट रेगुलेटर सिक्योरिटीज एंड एक्सचेंज बोर्ड ऑफ इंडिया (SEBI) के पास ड्राफ्ट रेड हेरिंग प्रॉस्पेक्टस (DRHP) जमा कर....
Foreign portfolio investor (FPI) investments in Fully Accessible Route (FAR) securities reached ₹2.30 lakh crore as of August 31, marking an 11.62% increase from ₹2.06 lakh crore on July 31, according to the Clearing....
Creador-backed iValue Infosolutions, a Bengaluru-based enterprise technology solutions provider, has submitted its draft papers to the Securities and Exchange Board of India (SEBI) to raise funds through an Initial...
Next week, twelve initial public offerings (IPOs)—including four from the main board and eight from small and medium enterprises (SMEs)—are aiming to raise over $1 billion (₹8,600 crore). Among the main board IPOs...
हाल ही में दिल्ली की रिसोर्सफुल ऑटोमोबाइल का आईपीओ चर्चा में रहा, जिसकी इश्यू साइज 12 करोड़ रुपये थी और इसमें निवेशकों ने 4800 करोड़ रुपये की बोलियां लगाईं। अब एक और SME IPO, बॉस पैकेजिंग सॉल्यूशंस, सुर्खियों में है। इसका इश्यू साइज 8 करोड़ रुपये था, लेकिन...
भारतीय शेयर बाजार गुरुवार को गिरावट के साथ बंद हुए, लेकिन इस दौरान निवेशकों की संपत्ति में करीब ₹53,000 करोड़ का इजाफा हुआ। यह मुख्य रूप से छोटे और मझोले....
The number of demat accounts in India has crossed the 17 crore mark, surpassing the combined populations of Russia, Mexico, and Japan. According to the latest depository data, India now ranks....
The anticipated initial public offering (IPO) of Bajaj Housing Finance Ltd. is sparking a trend among non-banking financial companies (NBFCs), with three other major NBFCs expected to follow suit within the year to meet the...
In August, companies raised ₹17,048 crore through Initial Public Offerings (IPOs), setting a 27-month record. This marked the highest IPO fundraising since May 2022. Ten companies launched IPOs in August, raising a total....
The Reserve Bank of India's (RBI) new mandate is driving a wave of initial public offerings (IPOs) among non-banking financial companies (NBFCs). Following Bajaj Housing Finance Ltd.'s upcoming IPO, three other....
Food delivery platform Swiggy is bolstering its leadership team ahead of its upcoming initial public offering (IPO), set to take place later this month, amid increasing competition in the fast-growing quick commerce....
HDB Financial Services, the non-banking finance subsidiary of HDFC Bank, is gearing up for an initial public offering (IPO) and is currently in discussions with global investment banks such as Bank of America Securities.....
Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, is preparing to file for an initial public offering (IPO) to raise ₹2,500 crore. The company owns a range of luxury hotels.....
In August, IPO fundraising surged to a 27-month peak, with 10 companies collectively raising ₹17,047.52 crore, marking the highest primary market activity since May 2022. About 57% of the funds.....
SoftBank-backed OfBusiness, an Indian B2B e-commerce platform that supplies raw materials to businesses, is gearing up for an Initial Public Offering (IPO) in India valued at up to $1 billion. The company....
India's fintech sector is projected to host 150 unicorns with a combined valuation of $500 billion by 2030, according to a report released by JM Financial and Beams Fintech Fund on Tuesday. The growth....
Kross, a manufacturer of trailer axles and suspension assemblies, is set to launch its Rs 500 crore initial public offering (IPO) on Dalal Street starting September 9. This IPO will be the third one opening....
DAM Capital Advisors has filed draft papers with SEBI on September 3 to launch an initial public offering (IPO) to raise funds. The IPO will consist solely of an offer-for-sale (OFS) of 3.2 crore equity shares, with no....
Carlyle Group Inc. has chosen banks to lead the initial public offering (IPO) of Acrotec Group, a Swiss-based luxury watch parts maker, which may reach a valuation of up to 4 billion Swiss francs (approximately ₹396 crores).....
IPO में निवेशक लिस्टिंग के बाद अपने 54% शेयर (वैल्यू में) एक सप्ताह के भीतर ही बेच देते हैं। एक साल के भीतर यह आंकड़ा 70% तक पहुंच जाता है। यह खुलासा मार्केट रेगुलेटर सिक्योरिटी एंड एक्सचेंज बोर्ड....
Once a niche market with limited participation, the SME IPO sector has seen a dramatic rise in retail interest. Four years ago, the average SME IPO attracted less than 500 applicants. Fast forward to FY25 and.....
Starting from September 2, investors will have the chance to explore six new IPOs, including one from the mainboard segment, in a week that promises significant activity in the primary market.....
The International Financial Services Centres Authority (IFSCA) has released its final guidelines outlining the eligibility criteria and regulations for companies seeking to list on the exchanges in GIFT City. With these finalized norms....
SEBI is preparing to tighten the regulations for SME IPOs after issuing a warning to investors about the unrealistic business forecasts presented by several small and medium enterprises. SEBI plans to release a.....
Infra.Market, a leading construction materials solutions company backed by Tiger Global, Accel, and Nexus Ventures, has selected eight investment banks for its massive $500 million-plus.....
Rapid Multimodal Logistics saw a strong start in the stock market on August 30, with shares listing at Rs 103, representing a 22.6% premium over the IPO price of Rs 84 on the BSE SME platform. The initial gains....
At the Global Fintech Festival 2024, SEBI Chairperson Madhabi Puri Buch emphasized the importance of expediting initial public offering (IPO) approvals through artificial intelligence (AI). She announced.....
Value fashion retailer Baazar Style Retail Ltd announced on Thursday that it has secured Rs 250 crore from anchor investors, just a day before its IPO opens for public subscription. Among the anchor.....
MUMBAI: The National Stock Exchange (NSE), India's leading stock exchange by turnover and revenue, has renewed its efforts to get listed, marking its third attempt in over eight years....
Jeyyam Global Foods, a Chennai-based food products company, is launching its SME IPO on September 2, 2024, for retail investors. The IPO will be listed on the NSE and will open for anchor investors on....
Adani Enterprises is set to raise up to ₹800 crore through its first public bond issue, as announced on Wednesday. This issue, slated to be the second-largest in the current fiscal year, will be.....
India's Unified Payments Interface (UPI) could reach 100 billion transactions within the next 10-15 years, driven primarily by credit expansion, according to Dilip Asbe, CEO of the National Payments Corporation of India (NPCI).....
The proposed market share cap by the National Payments Corporation of India (NPCI) on UPI transaction volumes managed by third-party application providers (TPAPs) is hindering PhonePe's plans to go public.....
Reliance Industries (RIL) will hold its 47th Annual General Meeting (AGM) on Thursday, August 29, 2024, at 2 PM IST. Analysts expect a range of significant announcements, given the company's past performance and recent developments across its business segments.
Despite concerns from market participants and regulators about possible overvaluation, the momentum in SME IPOs continues unabated. Currently, 13 SME IPOs are poised to list soon, many with strong grey market premiums (GMPs).
A small firm with just eight employees and two showrooms, Resourceful Automobile, a two-wheeler dealership based in Delhi, has achieved with its ₹12-crore Initial Public Offering (IPO). The company’s IPO has....
A significant surge in interest among companies to launch initial public offerings (IPOs) has been observed following the Lok Sabha election results. In August alone, 17 companies submitted......
Ecos (India) Mobility & Hospitality Ltd, a chauffeur-driven mobility provider, announced on Tuesday that it has raised Rs 180.36 crore from anchor investors just before its initial public offering (IPO) opens for public subscription.
Eight years after its initial attempt to go public, the National Stock Exchange (NSE) is set to reapply for an initial public offering (IPO). The NSE board has approved a new application to the Securities......
National Infrastructure Trust, an infrastructure investment trust backed by Gawar Construction Limited, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for a public.....
LG Electronics, a global supplier of consumer electronics based in South Korea, is contemplating an initial public offering (IPO) for its Indian subsidiary. This was revealed by the company's CEO, William Cho,....
The Baazar Style Retail IPO is set to launch on Friday, August 30, with a price band fixed between ₹370 to ₹389 per equity share of ₹5 face value. The subscription period will run until....
Jeyyam Global Foods Ltd, a company engaged in processing and supplying Bengal gram (channa) and fried gram, is set to launch its IPO on September 2, aiming to raise Rs 80-82 crore to support its expansion....
India's primary market is set for an active week with nine initial public offerings (IPOs) on the horizon, including three major mainboard listings. Premier Energies, a leader in solar technology, is spearheading the action with a ₹2,830.40 crore IPO, combining fresh equity and an offer-for-sale.
Twenty years ago, TCS, a division of the Tata Group, made a significant leap by going public. This IPO marked a turning point not only for TCS but also for India's technology sector.
Carraro India Ltd, a Pune-based manufacturer specializing in transmission systems for tractors, off-highway vehicles, and other agricultural and construction equipment, has....
Hero Motors, the flagship auto-components company of the Hero Motors Company (HMC) Group, has filed draft papers with the capital markets regulator SEBI to raise Rs 900 crore through an.....
Next week, the Indian primary markets are set to see a surge in activity with six new IPOs and eight listings. Companies like Orient Technologies and Interarch Building Products will debut on the stock exchanges, while the IPOs of.....
Swiggy, the prominent Indian food delivery service backed by SoftBank, is aiming for a valuation of approximately $15 billion as it prepares for its initial public offering (IPO). The company plans to.....
The market capitalization of venture-backed companies in India has surged past $100 billion, fueled by a stock market rally and a wave of unicorn IPOs.....
DAM Capital Advisors, led by veteran banker Dharmesh Mehta, is set to make history by filing for India's first initial public offering (IPO) by a boutique investment bank.....
Bluestone, the prominent omnichannel jewellery brand, has successfully raised ₹900 crore in a pre-IPO funding round, which has doubled its valuation to approximately $970 million.....
Alphabet-backed Aye Finance, a non-banking financial company focusing on SMEs, has selected bankers for its upcoming IPO, aiming to raise Rs 1,700–2,000 crore. The company plans to list within the next 9–12 months.....
Manjushree Technopack Limited has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹3,000 crore through its initial public offering (IPO). The proposed IPO will consist of a fresh issue of ₹750 crore....
"This is to inform that board meeting of Ireda Ltd is scheduled to be held on Thursday, August 29, 2024, inter-alia, to consider and approve the proposal for raising of funds by way of equity share capital.....
Manpower services provider Innovision Ltd, based in Haryana, has submitted draft documents to the Securities and Exchange Board of India (Sebi) for a proposed initial public offering (IPO).
Unimech Aerospace and Manufacturing has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹500 crore through.....
Innovision Limited has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹315 crore through an initial public offering (IPO). The IPO will consist of a fresh issuance of equity shares....
SEBI has proposed easing rights issue norms, including halving process timelines from T+20 to T+10 from board approval to issue closure, and T+3 from closure to trading. Additionally, promoters and promoter groups....
In July, equity mutual fund folios surged to a record 5.4 million, largely fueled by new sector-specific fund launches, according to AMFI. The rise was driven by nearly ₹10,000 crore in inflows, primarily from new....
Mach Conferences and Events Limited has received in-principle approval from the Bombay Stock Exchange (BSE) for its upcoming SME IPO. This approval marks a significant step for the company as it....
Xolopak India Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) aimed at raising up to ₹528.6 cr.....
To improve the legal validation and transparency of debenture trustee appointments, Sebi has proposed a change from the term 'consent letter' to 'debenture trustee agreement' in its regulations. This update aims to streamline the appointment process and enhance clarity in offer documents.
On Monday, capital markets regulator Sebi introduced guidelines for borrowing by Category I and Category II Alternative Investment Funds (AIFs), alongside the maximum permissible limit for extending the tenure of Large Value Funds for Accredited Investors (LVFs).
India’s market regulator, Sebi, plans to expand its sustainable finance framework to encompass a wider range of products, potentially boosting ESG-labeled instruments in Asia.
Bengaluru-based biofuel company TruAlt Bioenergy Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise capital through....
The Securities and Exchange Board of India (SEBI) has issued new guidelines permitting Category I and Category II Alternative Investment Funds (AIFs) to borrow funds to address shortfalls in drawdown amounts....
The primary market is set to remain busy in the upcoming week starting August 19, despite the ongoing market consolidation. A total of seven IPOs, collectively worth Rs 929 crore, are scheduled....
Sebi has proposed the introduction of a new liquidity window facility for debt securities investors via the stock exchange mechanism to boost liquidity in the corporate bond market, particularly for retail investors.
The Securities and Exchange Board of India (Sebi) has proposed broadening the sustainable finance framework in the securities market by introducing new financial instruments.
Nisus Finance Services, a leading financial services provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 300 crore through....
Sebi, the capital markets regulator, has proposed changes aimed at reducing compliance burdens for entities with listed non-convertible securities. Announced on Friday, these amendments align with the government’s FY 2023-24 Budget and are expected to lower compliance costs in the financial sector.
In FY24, Regional Rural Banks (RRBs) achieved a record consolidated net profit of ₹7,796 crore, a 26% increase from ₹6,178 crore in FY23, enhancing their prospects for entering the capital market, including...
The IPO season is heating up, with at least 25 companies approved by SEBI preparing to hit the market in the coming weeks to raise around Rs 22,000 crore, analysts reported on Friday...
JSW Cement Set to File for ₹4,000 Crore IPO: JSW Cement, led by Parth Jindal, is preparing to file draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aimed at raising....
Mumbai-based real estate developer Kalpataru has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise up to ₹1,590 crore through....
NSE's market capitalization has surged to over Rs 3.2 lakh crore in July, making it the sixth-largest exchange globally and the largest in Asia when compared to other listed exchanges. The NSE stock, a highly traded asset....
Ecom Express, a B2C e-commerce logistics provider based in Gurugram and supported by Warburg Pincus, Partners Group, and British International Investment, has submitted....
Smartworks Coworking Spaces, backed by Keppel, has submitted initial documents to SEBI to raise funds through an IPO. The offering will consist of a fresh issue of equity shares valued at Rs 550 crore and an offer-for-sale of 67.59 lakh shares by existing shareholders.
ArisInfra Solutions Ltd, a technology-driven company specializing in the procurement of construction materials, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise....
Bengaluru-based electric two-wheeler manufacturer Ather Energy has filed its draft red herring prospectus (DRHP) for a ₹3,700 crore ($450 million) initial public offering (IPO). The move....
Interarch Building Products Ltd, a leading provider of turnkey pre-engineered steel construction solutions in India, has set a price band of Rs 850-900 per share for its upcoming.....
Inventurus Knowledge Solutions Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as it prepares to launch its Initial Public Offering (IPO)......
BR Goyal Infrastructure Limited (BRG), a prominent player in the construction and infrastructure industry, has announced plans to enter the primary market with an Initial Public Offering (IPO) on the BSE SME platform......
K Hospitality Corp, a prominent player in India’s hospitality and food services sector, is preparing for a substantial financial move by planning an Initial Public Offering (IPO) that could raise between.....
Cars24, a prominent online platform for buying and selling used cars in India, is gearing up to launch its Initial Public Offering (IPO) as it aims to capitalize on the rapidly expanding.....
Metalman Auto Ltd. has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO).....
FirstCry, a key player in the baby and maternity retail market, has marked a significant milestone in its 14-year history by going public. The company's entry into the stock market was met with impressive enthusiasm, with shares opening at a 40 percent premium, signaling strong investor confidence and a solid foundation.
Interarch Building Products is set to launch its initial public offering (IPO) next week and has set the price band for the shares at ₹850-900 each.
On August 12, 2024, Amara Raja Energy & Mobility made headlines due to significant developments in its business operations....
Despite volatility and consolidation in the secondary market, the primary market remains busy with five IPOs set to launch in the upcoming week, starting August 12. Additionally, three companies will make their debut on the stock exchanges.
An RBI senior official emphasized the need for a supportive framework to enable Indian firms to issue Environmental, Social, and Governance (ESG) bonds domestically. Dimple Bhandia, the chief....
Securities and Exchange Board of India (SEBI) is intensifying its efforts to boost investments in infrastructure, particularly through municipal bonds. On August 9, 2024, SEBI's executive....
Shares of Afcom Holdings made a strong debut on the BSE SME on August29, listing at ₹205.20, a 90% premium over its IPO price of ₹108. The stock continued to surge, reaching an intraday high of ₹215.45, a gain of 99.5%.
Property Share (PropShare Investment Manager Pvt. Ltd) has achieved a significant milestone by becoming the first fractional ownership platform (FOP) to receive the Small and Medium....
On August 8, 2024, the Securities and Exchange Board of India (SEBI) announced new regulations regarding the tenure extension of Large Value Funds for.....
On August 7, 2024, it was reported that Indian companies are moving forward with their plans for initial public offerings (IPOs), capitalizing on favorable market.....
The initial public offering (IPO) of Saraswati Saree Depot will open 2or bidding on Monday, August 12, with shares priced between Rs 152-160 each. Investors can apply for a minimum of 90 shares. The issue will remain open until Wednesday, August 14.
Demat account growth continues to surge, with over 4.55 million new accounts added in July, bringing the total to nearly 167 million, according to data from Central Depository Services (CDSL)....
Archit Nuwood Industries, a leading manufacturer of wood-based products, has received approval from the BSE to launch its initial public offering (IPO) on the BSE....
The Indian Renewable Energy Development Agency (IREDA) is planning to raise approximately ₹4,500 to ₹5,000 crore through a Follow-on Public Offer (FPO) scheduled for....
Bhive Workspaces is planning to raise roughly Rs 800 crore through an IPO in the coming fiscal time. The company aims to diversify beyond its primary request of Bengaluru, which presently accounts for 95 of its....
SEBI (Securities and Exchange Board of India) has begun utilizing artificial intelligence (AI) to process IPO (Initial Public Offering) documents, as announced by Chairperson Madhabi Puri Buch....
The Securities and Exchange Board of India (SEBI) has recently amended mutual fund regulations to combat front-running and insider trading. These changes, effective from November 1, 2024....
Bajaj Housing Finance, Baazar Style Retail, and three other companies have received SEBI's approval to launch their IPOs. These firms, which submitted their initial IPO papers between March and June, were granted observation letters by SEBI from July 30 to August 5.
TruAlt Bioenergy, an ethanol producer based in Bengaluru, is planning a ₹1,000 crore IPO and is set to file a draft red herring prospectus with SEBI within the next two to three weeks, according to sources.
Upcoming ₹12,000 Crore IPO: The market is gearing up for a significant ₹12,000 crore IPO, which is anticipated to be a crucial test of investor sentiment and market stability, especially for loss-making and new-age companies.
SEBI has raised concerns regarding incomplete IPO documentation, which has led to unclear use of funds in some initial public offerings. Despite improvements in the time taken to clear IPO documents.
Binny Ltd, a textile manufacturer, and its top executives have come under scrutiny from the Securities and Exchange Board of India (SEBI) for diversion of funds and other violations.
Ola Electric IPO Launch: The initial public offering (IPO) of Ola Electric Mobility Ltd opened for public subscription on August 2, 2024, and will close on August 6.
India has emerged as the leading country globally in terms of the number of Initial Public Offerings (IPOs) and issuances, according to Madhabi Puri Buch, the chairperson...
The Picture Post Studios IPO opens today, August 2, 2024, and will remain open until August 6, 2024. Here are the key details.
The Ola Electric IPO has officially opened for subscription today, August 2, 2024, and will remain open until August 6, 2024. The company aims to raise approximately ₹6,145.56 crore through this offering.
The Akums Drugs and Pharmaceuticals IPO has garnered significant attention as it opened for public subscription on July 30, 2024, and closed on August 1, 2024. Here are the key highlights and updates regarding the IPO.
Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise ₹3,668 crore through an initial public offering (IPO).
In July 2024, Unified Payments Interface (UPI) transactions in India experienced a month-on-month increase of 3.95%, rising to 14.44 billion from 13.89 billion in June.
The initial public offering (IPO) of Ceigall India Ltd. opened for subscription on August 1, 2024, and will remain available until August 5, 2024. The IPO aims to raise approximately ₹1,252.66 crore, with a price band set between ₹380 and ₹401 per share.
The Securities and Exchange Board of India (Sebi) has suggested new regulations for derivatives to enhance market stability and safeguard small investors.
Ola Electric, India's leading electric two-wheeler company, is launching 2he largest IPO of the year, aiming to raise Rs 6,146 crore ($734 million).
On July 29, Ola Electric CEO Bhavish Aggarwal highlighted the consistent 2nd secular growth of the EV industry, asserting that there is no slowdown in sight. Speaking at a press conference about the upcoming IPO.
Sathlokhar Synergys E&C Global Ltd, an integrated EPC company, is launching its initial public offering (IPO) on Tuesday, aiming to raise ₹92.93 crore from the primary markets.
RNFI Services had an impressive market debut on Monday, listing at ₹199.50 per share on NSE SME, a 90% premium over the IPO price of ₹105. This listing aligns with street expectations, as the grey market premium (GMP) for RNFI Services IPO was 85%.
SoftBank Investment Advisors, a Japanese tech investment firm, is poised for significant returns from the Indian market as four of its portfolio companies gear up for IPOs this year.
Lineage, the world's largest cold-storage operator by capacity, recently achieved the largest IPO of the year. Valued at over $18 billion, its stock debuted on the Nasdaq at $78 per share, raising $4.4 billion.
India’s third-largest pharma company, Cipla, reported an 18.27% year-on-y2ar (Y-o-Y) increase in net profit for the first quarter of FY2024-25, reaching ₹1,177.64 crore, surpassing analysts’ expectations. The company’s revenue from operations grew by 5.8% Y-o-Y to ₹6,624.86 crore, driven by strong performances in India and the US.
Following strong demand for its IPO, VVIP Infratech is set to finalize 2he share allotment today or tomorrow. Investors can check the allotment status on the Maashitla Securities website, the IPO's registrar.
ओला इलेक्ट्रिक के शेयर 9 अगस्त को बॉम्बे स्टॉक एक्सचेंज (BSE) और नेशनल स्टॉक एक्सचेंज (NSE) पर सूचीबद्ध होने की संभावना है, जिससे यह पहली सूचीबद्ध इलेक्ट्रिक टू-व्हीलर कंपनी बन जाएगी।
पिछले महीने सिक्योरिटी एक्सचेंज बोर्ड ऑफ इंडिया (SEBI) ने ओला इलेक्ट्रिक के IPO को मंजूरी दी थी। ओला भारत की सबसे बड़ी इलेक्ट्रिक टू-व्हीलर निर्माता है। बेंगलुरु स्थित इस कंपनी ने 22 दिसंबर 2023 को SEBI के पास IPO के लिए ड्राफ्ट रेड हेरिंग प्रॉस्पेक्टस (DRHP) दाखिल किया था।
The IPO for Manglam Infra and Engineering Ltd, which opened on July 24, 2as seen high demand and will close today, July 26. The public issue is heavily oversubscribed, particularly by retail and non-institutional investors.
The IPO of Trom Industries opened on July 25 and will close on July 29, aiming to raise approximately ₹31.37 crore. The price band is set at ₹100 to ₹115 per share, with a minimum lot size of 1,200 shares, requiring retail investors to invest at least ₹138,000.
Standard Glass Lining Technology Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offering (IPO).
A total of seven SME IPOs and one mainboard IPO will be available for subscriptions between July 29 and August 2, 2024, raising a total of ₹2,119.75 crore. Here are the details.
The Securities and Exchange Board of India (SEBI) has advised Indian st2ck exchanges to exercise increased caution when approving documents for small and medium enterprise (SME) initial public offers (IPOs).
Transrail Lighting, an engineering and construction firm, has garnered significant interest from investors such as Ashish Kacholia, Shubham Bansal, Vinod Sethi, and Volrado Venture in anticipation of its upcoming IPO.
Unimech Aerospace, a manufacturer of precision parts and forged components for the aerospace sector, announced on Wednesday that it has secured ₹250 crore in private placement financing.
Suraksha Diagnostic, backed by OrbiMed, has submitted the draft red herring prospectus (DRHP) to SEBI to launch an IPO, expected to be around Rs 850 crore.
Two SME IPOs, VL Infraprojects and SA Tech Software India, are seeing significant premiums in the grey market. VL Infraprojects' shares are trading at a Rs 55 premium, while SA Tech Software India’s IPO is set to open on July 26.
In her Budget speech, Finance Minister Nirmala Sitharaman announced 2he creation of a Rs 1,000 crore venture capital fund aimed at promoting space technology. This initiative seeks to increase India's space economy five-fold over the next decade through private sector involvement. Currently valued at $8 billion, the government aims to expand the space economy to $44 billion by 2033.
VVIP Infratech's SME IPO aims to raise Rs 61.21 crore by offering 65.82 lakh shares at a price band of Rs 91-93 each. With a revenue of Rs 216 crore and a profit of Rs 17.78 crore, the IPO is managed by Share India Capital and Maashtila Securities.
The Securities and Exchange Board of India (Sebi) has extended the deadl2ne for public comments on its proposal to facilitate ease of doing business to July 29. Initially, the deadline was set for July 17.
The follow-on public offering (FPO) of SAR Televenture Ltd, a tele2om infrastructure provider, started its subscription on Monday, July 22, and will conclude on Wednesday, July 24. The FPO's price band is set at ₹200 to ₹210 per share.
Sati Poly Plast shares made a remarkable stock market debut on Monday, despite overall weak market conditions. The shares began trading at ₹247 each on the NSE SME, marking a 90% premium over the issue price of ₹130 per share.
Shares of Aelea Commodities were trading at Rs 173.25 on the BSE, marking2an 82.37% premium over the issue price of Rs 95. The stock was listed at Rs 165, a 73.68% premium over the IPO price, and is currently capped at a 5% increase from its listing price.
The mainboard IPO market will remain quiet next week with no new issues scheduled to open. However, in the SME segment, around 8 companies are preparing to launch their initial public offerings (IPO).
NLC India Ltd (NLCIL), a lignite-to-power producer, plans to raise funds through an initial public offering (IPO) of its wholly owned subsidiary, NLC India Renewables Ltd, by the first quarter of the next financial year, according to Chairman and Managing Director Prasanna Kumar Motupalli.
This decision was announced on July 20, in conjunction with the release of the bank's April to June quarter results.
No new mainboard IPOs are scheduled for next week, but the SME segment will be bustling with about eight companies launching their IPOs.
L Catterton, a private equity firm supported by French luxury fashion ho2se Louis Vuitton Moët Hennessy (LVMH), has applied to Sebi to launch an Indian rupee fund, according to an Economic Times report.
Mobile-advertising firm InMobi Pte plans to go public in India in the lat2er half of next year, aiming to benefit from the country's booming stock market.
The initial public offerings of Kataria Industries and Macobs Technolog2es received an overwhelming response from investors, both reporting high subscription rates on July 19, the final day of bidding.
Subscriptions for the RNFI Services IPO will open on Monday, July 22, 2nd close on Wednesday, July 24. The initial public offering is priced between ₹98 and ₹105 per share, with a face value of ₹10. The minimum bid is for 1,200 shares, with bids in multiples of that amount.
India is aiming to significantly increase its annual foreign direct investment (FDI) by over 50% to stimulate economic growth, according to Nivruti Rai, Managing Director of Invest India.
The Indian primary IPO market is witnessing an unprecedented boom. In the first half of the year, 35 mainboard IPOs raised approximately Rs 32,000 crore, with an average subscription rate of 61 times, as per data from Pantomath Financial Services Group.
The SME IPO of Macobs Technologies was subscribed over 2.91 times on its first day. Macobs Technologies, a premium men's grooming brand specializing in below-the-belt male grooming, opened its IPO for subscription on July 16.
New Delhi: B9 Beverages, the company behind the craft beer brand Bira91,2is planning an initial public offering (IPO) in 2026 and has enlisted investment bank Morgan Stanley for the pre-IPO process, according to executives familiar with the matter.
Pawan Parakh, Fund Manager at Geojit Financial Services, highlights th2ee sectors—pharma, renewables, and telecom—that are set to see significant earnings growth. He notes that defence is a long-term theme, but current valuations are a concern for Geojit.
The Indian rupee is anticipated to experience slight relief on Thurs2ay following the dollar index's decline to a near four-month low, largely driven by the yen's rally.
The allotment for the Three M Paper IPO will be finalized today, with the subscription status reaching 171.33 times. Investors can check their allotment status and the number of shares granted.
Foreign portfolio investors (FPIs) have invested over $1 billion (Rs 8,240 crore) in fully accessible route (FAR) bonds within just 19 days since government securities were added to the JPMorgan global bond index on June 28.
PwC India has urged the government to extend the concessional 15% corpor2te tax rate for new manufacturing units, which ended in FY24, for at least five more years. This extension is aimed at boosting domestic manufacturing and fostering import substitution.
On Wednesday, the Asian Development Bank (ADB) maintained its GDP gro2th forecast for India at 7% for FY25, citing robust expansion in the industrial sector and strong construction demand, particularly driven by housing.
Orkla India, owned by Norwegian investment firm Orkla, is considering an initial public offering (IPO) for its Indian unit, which includes the well-known spices and condiments brands MTR and Eastern.
Ola Electric, which is preparing for its IPO, is expected to be valued2at around $4.5 billion, which is 16-20% lower than its last funding valuation of $5.4 billion in September led by Singapore's Temasek.
Capital markets regulator Sebi has proposed adding "summary proceedings"2to the intermediaries rules to address certain securities law violations by intermediaries more efficiently. Sebi has released a consultation paper for public comment on these amendments to the Intermediaries Rules, 2008, with comments due by August 6.
On Tuesday, market regulator Sebi proposed the creation of a new asset cl2ss to fill the gap between mutual funds and portfolio management services (PMS), targeting investors with investible funds between ₹10 lakh and ₹50 lakh.
The SME IPO of Kataria Industries is now open for subscription, closing2on July 19. The company aims to raise approximately Rs 54.58 crore through this IPO, with plans to list the shares on the NSE SME platform.
Swiggy introduces a significant $65 million Employee Stock Ownership Plan (ESOP) liquidity program, allowing employees to cash out before the company's IPO.
The initial public offering (IPO) of Macobs Technologies opens 2or subscription today, July 16, and will close on Friday, July 19. The IPO is priced between ₹71 and ₹75 per equity share and aims to raise ₹19.46 crore through a fresh issue of 25.95 lakh shares.
All four IPOs—Sati Poly Plast, Prizor Viztech, Aelea Commodities, and Th2ee M Paper Boards—continued to attract strong investor interest on the second day of subscription, July 15.
London-based Concentra Group, a unit of Select Medical, aims for a $3230 billion valuation in its U.S. IPO, marking its entry into a market rebounding after nearly two years of inactivity.
H. M. Electro Mech Limited ("HMEML") has submitted its Draft Red Herr2ng Prospectus ("DRHP") with BSE SME on June 28, 2024. Established in 2003 as a partnership named 'M/s H.M. Engineers', it later converted into a public limited company under the name "H. M. Electro Mech Limited.
SEBI has imposed a Rs 25 lakh fine on Monetary Solutions for regulatory violations. Following an inspection of Monetary Solutions, owned by Ankit Vyas and registered as an individual investment adviser with SEBI, the regulator found non-compliance with PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) and IA (Investment Advisers) rules during September 19-23, 2022.
Northern Arc Capital, which submitted its draft prospectus in Februa2y, plans to launch an IPO that includes a fresh equity sale of Rs 500 crore and an offer for sale (OFS) of 2.1 crore shares. The company aims to use the proceeds for future capital needs, primarily for onward lending.
This initiative allows Swiggy employees across all levels and functions to receive liquidity for their ESOPs, marking the company's fifth liquidity event since 2018 and the third consecutive one after similar events in July 2022 and 2023.
The IPO comprises a fresh issue of Rs 800 crore and an offer for sale of2up to 61.57 million shares by existing shareholders and promoters, according to the DRHP.
Sai Life Sciences has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aimed at raising nearly Rs 5,000 crore.
The SME IPO of Tunwal E-Motors is now open for subscription and will close on July 18. The company aims to raise Rs 115 crore and list on the NSE SME platform. Here are the top 10 things investors should know before subscribing.
Sanstar Limited has set the price band for its upcoming IPO between ₹90 2nd ₹95 per equity share, with a face value of ₹2. The IPO subscription period will commence on Friday, July 19, and close on Tuesday, July 23.
Ratlam-based Kataria Industries will launch its Rs 54.58 crore IPO on J2ly 16, with a price band set at Rs 91 to Rs 96 per share. Public subscription for the IPO will be open from July 16-19, while anchor investors can start bidding on July 15.
After a busy week, the primary market is gearing up for the launch of f2ur new IPOs next week. This includes three IPOs in the SME segment and one in the mainboard segment.
Quant Mutual Fund has informed investors that the Securities and Exchange Board of India's (Sebi) recent search and seizure operation was not a routine procedure but a court-approved action related to an ongoing investigation.
A significant increase in government spending following recent elections 2as enhanced liquidity in the banking system, reducing overnight borrowing rates, Treasury Bill yields, and short-term financing costs for Indian companies. Despite this, the central bank shows no urgency to lower policy rates.
The Sahaj Solar Limited IPO, which opened on July 11, 2024, will close on July 15, 2024. Those interested in this IPO, set to list on the NSE SME Emerge platform, should note that bidding ends next Monday.
A vertical split replicates RIL’s shareholding pattern. For instance, a shareholder with 100 RIL shares would receive 100 Jio Platforms shares upon listing. RIL’s promoters own 50% of Jio Platforms, while RIL holds 66%.
Mumbai-based sleep solutions startup, The Sleep Company (TSC), is focusing on achieving profitability and preparing for a potential IPO while expanding its physical presence in India.
Should the Reserve Bank of India (RBI) increase the overseas investment 2ap of $1.5 billion for all alternative investment funds (AIFs) again? Since August 2023, applications from AIFs looking to invest in foreign companies, requiring SEBI’s approval, have been on hold as the $1.5 billion limit was quickly exhausted.
All four SME IPOs — Three M Paper Boards, Prizor Viztech, Sati Poly Plast, and Aelea Commodities — opened today and were fully subscribed within hours. The subscription period for these IPOs closes on July 16.
When retail investors encounter issues with a listed company2or intermediary, they typically file a complaint with the concerned entity. If unresolved, they can escalate the grievance to SCORES, SEBI’s online platform for grievance redressal.
Sahaj Solar's IPO has garnered strong investor interest, with substantial oversubscription observed on the second day of bidding. Investors have subscribed for 18.74 crore equity shares, which is 97.02 times higher than the offer size of 20.96 lakh shares, according to NSE data.
The SME IPO of Three M Paper Boards commenced subscription earlier today and is scheduled to close on July 16. The company plans to raise approximately Rs 40 crore through the issuance and intends to list the shares on the BSE SME platform.
Quant Mutual Fund clarified that their Chief Financial Officer (CF2), Harshal Patel, resigned in February, preceding SEBI's investigation into potential front-running activities. Initially, the fund had attributed Patel's departure to personal reasons and announced the appointment of Shashi Kataria as CFO, effective July 1.
Ganesh Green Bharat Share Price: Ganesh Green Bharat's shares debuted on the NSE SME platform with a 90% premium on Friday, opening at Rs 361 against an issue price of Rs 190.
Sati Poly Plast's SME IPO opened for subscription today and will remain o2en until July 16. The company aims to raise around Rs 17.36 crore by listing its shares on the NSE SME platform. Here are 10 essential details for investors to know before subscribing:
Effwa Infra and Research shares made a notable debut on the stock mark2t, listing at a 90% premium to their issue price. The shares began trading at ₹155.80 each on the NSE SME, compared to the IPO price of ₹82 per share.
Aelea Commodities' SME IPO is now open for subscription, targeting a raise of Rs 51 crore. The company specializes in cashews and various other commodities. Investors can purchase shares priced between Rs 91 and Rs 96 each.
The IPO opened for subscription today and will close on July 16. Prizor Viztech aims to raise Rs 25 crore through this public offering and list on the NSE SME platform. Here are 10 essential details investors should know before subscribing.
In May, the US CPI monthly index held steady, while the annual index sa2 a 3.3 percent rise, a slight decrease from April's 3.4 percent increase. The core inflation index showed a 3.4 percent increase over the past year, with a 0.2 percent rise in May. This data offers some relief to the US Fed and global investors.
The National Stock Exchange (NSE) also reported a 3.1% month-on-month rise in active clients. Key discount brokers experienced varied performance, with Groww seeing a significant 5.4% monthly increase to 1.09 crore clients.
The outlook for Indian information technology (IT) companies remains ble2k. FY24 proved disappointing, with anticipated revenue recovery failing to materialize.
इस साल भारत में आए IPO ने दुनिया में सबसे अच्छा रिटर्न दिया है। पिछल2 6 महीने में आए 36 IPO ने अपनी लिस्टिंग से लेकर अब तक औसतन 57% रिटर्न दिया है।
Investors anticipating a strong earnings season to justify the high valuations of Indian equities might be in for a disappointment. Strategists predict weak profit growth for companies in the NSE Nifty 50 Index for the quarter ending in June.
Investors anticipating a strong earnings season to justify the high valuations of Indian equities might be in for a disappointment. Strategists predict weak profit growth for companies in the NSE Nifty 50 Index for the quarter ending in June.
Reliance Jio, the telecom arm of Reliance Industries Ltd, might se2 a significant IPO in 2025. Jefferies predicts the listing could reach a valuation exceeding ₹9.3 lakh crore. The potential valuation of $112 billion could boost Reliance Industries' share price by 7-15%, according to the brokerage firm.
Ambey Laboratories shares made a robust debut on the NSE SME today, open2ng at ₹85, which is a 25% premium over the issue price of ₹68.
Tata Consultancy Services (TCS) shares surged by 1.79% to Rs 3979.90 per share on the BSE during Thursday’s intraday trading. This rise is in anticipation of the IT giant’s financial results for Q1FY25, set to be announced today, July 11, 2024.
Retail investors are likely to continue flocking to initial public offerings (IPOs) in India this year, as new stocks show impressive gains, outperforming broader markets and international listings.
India's market regulator, the Securities and Exchange Board of India (SEBI), has recently intensified efforts to curb the activities of unregistered investment advisors, whose numbers have surged significantly.
Vishal Mega Mart is considering filing its IPO papers confidentially w2th Sebi, according to a report. Moneycontrol, citing insiders, reported that if discussions go as planned, Vishal Mega Mart would be the fourth company preparing for an IPO to use this confidential approach, following Tata Play, Oyo, and Swiggy.
The Sahaj Solar IPO will open for subscription on Thursday, July 11, 2nd close on Monday, July 15. The price range is set between ₹171 and ₹180 per share, with a face value of ₹10. Investors can bid for a minimum of 800 shares or multiples thereof.
The Securities Appellate Tribunal (SAT) has extended the deadline 2or Religare Enterprises Ltd to comply with the Securities and Exchange Board of India's (SEBI) order until 22 July. This order, issued on 19 June, required Religare to seek approval from regulatory authorities, including the RBI, for the Burman Family's open offer by 12 July.
In July 2021, Sharan Hegde was a 25-year-old management consultant when Mint first highlighted the growing trend of financial influencers, or ‘finfluencers.’ At the time, working for PwC in Bengaluru, he had around 105,000 Instagram followers.
In Mumbai, the Sensex and Nifty surged on Tuesday, achieving new rec2rd closing levels supported by gains in auto and FMCG stocks, as well as increased foreign investments.
New Delhi: India and Russia have launched an initiative to develop strategic economic cooperation, aiming to reach a bilateral trade target of $100 billion by 2030, following the 22nd annual summit between Prime Minister Narendra Modi and President Vladimir Putin in Moscow.
Aelea Commodities Ltd, an agricultural products trader, is launching 2ts initial public offering (IPO) on July 12, aiming to raise ₹51 crore from the primary market. This SME IPO will be listed on the BSE SME platform.
The Prizor Viztech IPO will open for subscription on Friday, July 12, 2nd close on Tuesday, July 16. The price band for the initial public offering is set between ₹82 and ₹87 per share, with a face value of ₹10. This means the floor price is 8.2 times the face value, while the cap price is 8.7 times. Investors can bid for a minimum of 1600 shares or multiples thereof.
A rise in open interest on rupee/dollar currency futures at the Singapore Exchange shows investors moving their arbitrage and hedging activities there following restrictions by the Reserve Bank of India (RBI) on local currency futures, traders reported.
Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s second-place position in India, intensifying competition just as Hyundai prepares for a record $3.5 billion IPO of its local unit.
ONGC, the state-owned Oil and Natural Gas Corporation, is planning to inv2st approximately Rs 2 trillion to achieve its net-zero carbon emissions target by 2038. This ambitious initiative includes setting up renewable energy sites, green hydrogen plants, and eliminating gas flaring entirely.
Realty firm Ashwin Sheth Group announced a Rs 5,000 crore investment for business expansion and plans to launch its first public issue within the next 18-24 months to raise up to Rs 3,000 crore.
Paytm, currently facing regulatory challenges, has reportedly recei2ed approval from a government panel overseeing investments related to China to invest 500 million rupees ($6 million) in a critical subsidiary, according to three sources familiar with the matter. This approval, which still requires scrutiny from the finance ministry, clears the path for Paytm Payment Services to resume normal operations.
According to an analysis by Moneycontrol, India's states will need2to significantly increase their economic growth rates to achieve their $1-trillion economy targets on time.
The surge in artificial intelligence stocks might be unstoppable, 2ut Citigroup Inc. strategists suggest it's time to take profits in the top performers. Led by Drew Pettit, the Citi team notes that sentiment towards AI-related equities is the strongest since 2019, with free cash flow at these firms expected to exceed analyst predictions.
Aegis Logistics plans to submit the draft red herring prospectus (DRHP) 2or its terminal business, Aegis Vopak Terminals, by September. The aim is to raise around ₹4,500 crore through this IPO, potentially valuing the business at over ₹35,000 crore, according to CNBC-TV18 sources.
The Securities and Exchange Board of India (SEBI) has given the green li2ht to four initial public offerings (IPOs) for Akums Drugs and Pharmaceuticals, Ceigall India, Orient Technologies, and Gold Plus Glass Industry. These IPOs include both fresh issues and offers for sale.
The Securities and Exchange Board of India (SEBI) has been speeding up 2he approval process for initial public offerings (IPOs) to keep pace with India's active primary market. On average, SEBI took 107 days to approve IPOs in FY24, a 17% reduction from 129 days in FY23, based on PRIME Database data.
Punjab-based infrastructure and construction company Ceigall India Limited has obtained final approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The Securities and Exchange Board of India (SEBI) has paused the initial public offering (IPO) of SK Finance, a non-banking financial company (NBFC) specializing in vehicle and business loans.
The National Stock Exchange (NSE) has requested the Securities and Exchange Board of India (SEBI) to reevaluate its decision regarding the NSE's public listing. This appeal was made through an affidavit presented to the Delhi High Court in response to a petition filed by the People Activism Forum, which is seeking to expedite NSE's initial public offering (IPO).
Online trucking platform Blackbuck, backed by Flipkart, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth ₹550 crore.
Zinka Logistics Solutions Ltd, based in Bengaluru, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Market concentration has continued to grow across India’s major industries, with top players capturing a larger share of the market in the fiscal year 2023-24 (FY24) through organic growth or acquisitions.
With ample funds, quick-commerce unicorn Zepto is gearing up for its initial public offering (IPO) by hiring senior-level talent across various departments, according to Co-founder and CEO Aadit Palicha.
Following a surge in IPO activity post-June's general election, the prim2ry market will see a brief pause next week with no new mainboard issues. However, one SME IPO from Sahaj Solar is set to open on July 11.
A week after the inclusion of select government securities in the JPMor2an global bond index, foreign investors have invested more than ₹5,200 crore ($627 million) into fully accessible route (FAR) bonds.
MUMBAI: Major sovereign wealth funds like Singapore’s GIC Holdings, 2bu Dhabi Investment Authority (ADIA), and Kuwait Investment Authority have significantly boosted their investments in Indian stocks and startups in recent years. Together, these funds held nearly ₹5 trillion ($60 billion) in Indian stocks as of March 31, with ₹2.57 trillion ($30 billion) invested in the past three financial years.
The Securities and Exchange Board of India (SEBI) has been conducting unannounced inspections of top mutual fund executives, examining their digital devices, including mobile phones, iPads, and laptops. These inspections have targeted five leading mutual funds over the past 12 months, focusing on top executives' mobile phones.
The SENSEX reached the 80,000 milestone for the first time on July 3. O2er the week, SENSEX increased by 1.21%, while NIFTY grew by 1.3%. This marked the fifth consecutive week of gains for Indian benchmark indices, driven by easing inflation concerns and hopes for rate cuts.
The Securities and Exchange Board of India (SEBI) has introduced new guidelines to enhance the efficiency and ease of operations for credit rating agencies (CRAs).
HDFC Bank has secured approximately 1.58 lakh shares worth Rs 3 crore in the anchor round of the Ganesh Green Bharath IPO, with shares priced at Rs 190 each.
The Securities and Exchange Board of India (SEBI) has introduced 2ew guidelines to streamline and simplify operations for credit rating agencies. These guidelines, which come into effect on August 01, 2024, aim to enhance the ease of doing business.
नेशनल स्टॉक एक्सचेंज (NSE) ने SME प्लेटफॉर्म पर IPO की लिस्टिंग प्राइस लिमिट तय कर दी है। अब NSE इमर्ज प्लेटफॉर्म पर SME IPO की लिस्टिंग इश्यू प्राइस से 90% ऊपर नहीं हो सकेगी। यह प्राइस कंट्रोल कैप केवल SME सेगमेंट पर लागू होगा, मेनबोर्ड IPOs के लिए नहीं।
The Ganesh Green Bharat initial public offering (IPO) is now open for subscription starting Friday, July 5. This IPO aims to raise Rs 125.23 crores through a fresh issue of approximately 6.59 million shares.
Nephro Care India made an impressive debut on the NSE SME, listing its shares at Rs 171, which is a 90% premium over its issue price of Rs 90. The shares further climbed to Rs 179.55, reaching a 5% upper circuit and trading nearly 100% higher than the issue price.
Mukesh Ambani's Reliance Retail Ventures is set to reintroduce the Chinese fast fashion brand Shein to India in the coming weeks, selling its products through its app and physical stores. This move follows Shein's ban in India four years ago amid a crackdown on Chinese apps due to India-China border conflicts.
Foxconn's Bharat FIH is winding down operations at its Sri City facility in Andhra Pradesh due to a significant drop in orders from Xiaomi. According to sources, Bharat FIH ceased its level-10 operations on June 30 and is transferring some activities to Sriperumbudur near Chennai. This shift has impacted the company's plans for a Rs 5,000-crore initial public offering (IPO).
Effwa Infra & Research Ltd is launching its IPO on Friday, July 5, with the issue closing on Tuesday, July 9. The IPO comprises a fresh issue of 5,316,800 equity shares and an offer-for-sale of 936,000 shares.
VL Infraprojects Limited has received approval from the National Stock Exchange (NSE) to launch its SME IPO. The company's Draft Red Herring Prospectus (DRHP) has been cleared, allowing it to list on the NSE SME Emerge Platform.
NEW DELHI: Foreign Ministers of India and China have agreed that 2he prolongation of the volatile situation in the border areas is not in the interest of either sides.
SEBI's introduction of a true-to-label fee structure for brokers is expected to level the playing field, particularly benefiting smaller or startup firms entering the broking services sector. This move is likely to reduce revenues significantly for top discount brokers like Zerodha, Groww, and Angel One in the current fiscal year.
India's $5 trillion stock market is poised to potentially rise by up to 20% this year, driven by government expenditures and ongoing strong corporate earnings momentum, according to analysts.
Private equity investments in Indian real estate have peaked at $2.5 billion in Q2, the highest in three years, according to a Colliers report. The industrial and warehousing segment led with 61% of the investments, amounting to $1.5 billion.
The Bain & Company and Swiggy report forecasts that India's online f2od delivery market will grow to Rs 2.12 trillion by 2030, capturing a 20% share of the total food services market.
Marcia Ellis, global co-chair of private equity practice at Morrison Foerster in Hong Kong, mentioned that their Hong Kong capital markets team is very active and has a robust pipeline for the second half of the year, anticipating numerous listings on the Hong Kong Stock Exchange.
New Delhi: India's robust growth amid global uncertainties and its position as the fastest-growing major economy are key drivers of positive market sentiment. The medium-term outlook remains optimistic, attracting investor attention.
A task force established by the Ministry of Electronics and Informat2on Technology (Meity) to transform India into a leading producer of electronic and semiconductor products is close to completing its report. It is expected to propose an allocation of Rs 44,000 crore from 2024 to 2030 to support local companies in developing products and establishing global brands.
An Indian bond fund manager has cautioned that the recent surge in Indi2's 30-year bonds may be excessive, driven by expectations of policy rate cuts and increased foreign fund investments.
ACME Solar Holdings Ltd. has submitted preliminary documents to the mar2et regulator to raise Rs 3,000 crore via an initial public offering (IPO).
(Bloomberg) Tyger Capital Pvt Ltd., the shadow lender acquired by B2in Capital from the Adani Group, is working to double its loan portfolio as it plans to list on India’s stock exchanges next fiscal year.
On Wednesday, the Securities and Exchange Board of India (SEBI) significantly reduced the face value of debt securities from Rs 1 lakh to Rs 10,000 to boost retail investor participation in the corporate bond market. Market participants believe this lower ticket size will attract more non-institutional investors, potentially enhancing market liquidity.
Bengaluru: Unicommerce, an e-commerce enablement firm heading towards an IPO, focuses on three main strategies: domestic and international expansion and new product launches, according to CEO Kapil Makhija. The company plans to maintain profitability post-listing.
Motilal Oswal Financial Services has received an administrative warning from SEBI regarding its broking procedure for uploading customer Unique Customer Code (UCC) data on the Multi Commodity Exchange of India Ltd platform. The company disclosed this in an exchange filing on Tuesday, July 2.
The challenge of capital expenditure (Capex) has come into focus w2th substantial investments made by the Central government in recent years. Between FY22 and FY24, the government allocated Rs 22.77 lakh crore towards capital expenditure to mitigate economic challenges post-Covid-19, significantly surpassing the Rs 13.28 lakh crore spent in FY18-FY22. This has made the budgetary allocation a key figure of interest among India Inc. and policy analysts.
Kotak Mahindra Bank's shares rebounded today after the bank clarified 2ts stance on the Adani-Hindenburg issue. The bank affirmed that Hindenburg Research was neither a client of Kotak Mahindra International Limited (KMIL) nor an investor in K- India Opportunities Fund Ltd.
Private equity (PE) and venture capital (VC) investments surged by 24% year-on-year in May, reaching $6.9 billion, according to an EY-IVCA report released on Tuesday.
Quick commerce unicorn Zepto, which recently secured $665 million at a $2.6 billion valuation, is contemplating another funding round to raise $250 million. Sources indicate this new round could elevate its valuation to $4.6 billion and might even reach $400 million.
India’s fast fashion sector could potentially grow into a $50-billion mar2et by FY31, according to a report by Redseer Strategy Consultants. This growth is fueled by millennials and Gen Z, who drive the sector's ability to quickly deliver trendy, affordable styles.
India's capital market experienced a surge in initial public offerings (IPOs) in the first half of the year, aided by favorable market conditions, robust economic growth, easing inflation, and stable interest rates.
Diensten Tech IPO Listing: Diensten Tech, previously known as JKT Consulting, offers IT professional resourcing, IT consulting, IT training, and software AMC services. The company's IPO received a strong response, issuing only new shares.
Hyundai Motor Co. is aiming to raise up to $3.5 billion through the highly anticipated IPO of its Indian division, according to sources familiar with the matter. This would make it the largest IPO in India’s history.
Raselle Capital VCC, a foreign portfolio investor, has settled allegations of violating FPI regulations with SEBI by paying Rs 1.23 crore as settlement charges.
Kotak Mahindra Trustee Co. has announced the resumption of issuing units2of the Kotak Small-Cap Fund, effective from July 2, according to a company notice.
The Reserve Bank of India (RBI) has proposed a rationalization of norms 2or export and import transactions to enhance ease of doing business and enable banks to provide more efficient foreign exchange services.
The initial public offering (IPO) of Ganesh Green Bharat Ltd is set to o2en for subscription on Friday, July 5, with a price band of ₹181-190 per share and a face value of ₹10 each. The SME IPO will close on Tuesday, July 9.
Brainbees Solutions, the parent company of FirstCry, has secured appro2al from SEBI to raise funds via an IPO. The Pune-based firm plans to issue new equity shares worth ₹1,816 crore and offer up to 5.44 crore shares for sale by current shareholders.
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The surge in stock markets has led to an increased demand for independent directors as companies prepare to roll out IPOs. According to Prime Database, 166 companies that went public in the last three fiscal years have appointed a total of 513 independent directors in the two years leading up to their IPOs.
India has secured the tenth position in terms of private investment2in artificial intelligence (AI) with an inflow of $1.4 billion, as reported by Bond Capital. The United States leads this ranking, with investments exceeding $67 billion, according to the global technology investment firm's release.
Divine Power Energy shares opened at ₹155 on the NSE SME, soaring 287.5% above their issue price of ₹40. The IPO, available for subscription until June 27, was priced between ₹36 and ₹40 per share. Divine Power Energy specializes in manufacturing winding wires and strips for transformers and power distribution companies.
The Reserve Bank of India (RBI) announced on July 1 that 97.87% of ₹2,000 denomination banknotes have been withdrawn as of June 28.
The Securities and Exchange Board of India (SEBI) has cautioned the public against engaging in transactions involving properties owned by HBN Dairies and Allied Ltd. This warning follows a Supreme Court directive from May 14, allowing SEBI to liquidate HBN's assets with the liquidator's assistance before the next hearing on September 9.
Mahavir Lunawat, the founder and managing director of Pantomath Financial Services Group, predicts a significant boost in the IPO market following the Budget 2024. In an interview with Mint, Lunawat discusses the factors driving retail investors' enthusiasm for IPOs and anticipates strong responses for upcoming offerings.
Sagility India, a healthcare-focused technology solutions and servi2es provider, has submitted its draft red herring prospectus (DRHP) to SEBI for an initial public offering. The IPO will solely consist of an offer-for-sale (OFS) of 98,44,60,377 equity shares, with no new shares being issued.
Avianca Group, the Colombian airline, announced plans to confidentially file for an initial public offering (IPO) in the United States. Based in Bogota and operational for over a century since 1919, Avianca is advancing with its listing over two years after emerging from bankruptcy.
Unicommerce eSolutions Limited, a SaaS company, has received approval f2om the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), as per the regulator's filing on Monday, July 1.
MUMBAI: Brainbees Solutions, the parent company of Firstcry, an onl2ne platform for baby and kids products, along with Snapdeal-owned Unicommerce eSolutions and two other companies, have received regulatory approvals for their IPOs.
Key sectors such as defence, railways, infrastructure, and renewable energy are set to receive heightened attention in the upcoming Union Budget for FY25. Analysts anticipate substantial funding allocations and strategic initiatives aimed at advancing these areas, aligning with India's long-term development objectives under Prime Minister Narendra Modi's third term.
Air India, a Tata Group-owned entity, has announced plans to establis2 a training institute in Amravati, Maharashtra, aimed at training 180 commercial pilots annually. This institute, licensed by the DGCA and located at Belora Airport, will be the largest of its kind in South Asia and is scheduled to commence operations in the first quarter of the upcoming financial year, according to a statement from Air India.
After two months of significant selling, foreign institutional investors (FIIs) turned net buyers in June, purchasing shares worth $3.2 billion—the second-highest monthly inflow after March's $4.2 billion.
Manufacturing activity improved in June, reaching 58.3, up from a three-month low of 57.5 in May, driven by an increase in new orders, according to a private survey released on Monday.
Data analysis shows that the Goods and Services Tax (GST) has significantly increased revenue for both the central and state governments. Since its implementation, states have seen nearly a 3 percentage point increase in their own tax revenue ratio compared to the pre-GST era.
In 2024, fresh capital raised through IPOs by 37 companies amounted to ₹33,610 crore, with approximately 45%, or ₹15,190 crore, coming from new shares. This marks the highest proportion since 2015, when nearly 48% of the funds raised were fresh capital.
Mumbai: IndiaFirst Life Insurance plans to launch its public issue within the next 18 months, contingent on achieving consistent quarterly growth surpassing the industry average, according to newly appointed CEO Rushabh Gandhi.
Niva Bupa Health Insurance Company Ltd, backed by True North, has submitted a draft red herring prospectus to the Securities Exchange Board of India to raise Rs 3,000 crore through an initial public offering (IPO).
Shivalik Engineering Industries, a leading foundry in India, has submitted a draft red herring prospectus to the Securities Exchange Board of India for an initial public offering (IPO).
Niva Bupa, an Indian health insurer predominantly owned by British United Provident Fund (Bupa), has filed for an initial public offering (IPO) to raise up to Rs 3,000 crore (approximately $360 million).
Mamata Machinery Ltd, a packaging equipment manufacturer based in Gujarat, has filed draft documents with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO).
Mamata Machinery Ltd, a packaging equipment manufacturer from Gujarat, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO).
Official data showed a significant reduction in the fiscal deficit betw2en April and May, indicating financial improvement. Analysts predict a faster fiscal consolidation than expected, potentially enhancing expenditure.
Despite raising Rs 26,272 crore, slightly less than the previous two years due to the absence of major issues, the domestic IPO market maintained its momentum with 34 listings in the first half of the year, surpassing the number of debuts seen in the same period last year.
The IPO market has been thriving, with a diverse range of companies seeking investment. This surge highlights the necessity for investors to make well-informed decisions, as these choices significantly impact their portfolio's quality.
OneStream, a finance cloud software company backed by KKR, has publicly filed for an initial public offering (IPO).
The United States and India have extended their standstill agreement on U.S. retaliation over India's digital-services tax until Sunday, aligning with the approaching deadline for a global tax deal on major multinational companies, as announced by the U.S. Treasury on Friday.
The first half of 2024 has been a whirlwind for global markets, characterized by the unstoppable rise of mega-cap stocks, slow central bank pivots, political upheavals, and a resurgence in M&A activity.
The primary market is preparing for another significant week with three companies launching their initial public offerings (IPOs) to collectively raise over Rs 2,700 crore.
Solera Corp (NYSE: SLRA), a prominent provider of SaaS solutions for the vehicle lifecycle ecosystem, announced on Friday its initial public offering (IPO) on the New York Stock Exchange. Known for its AI-powered software and extensive SaaS platforms, Solera aims to utilize its decades of industry experience to drive further growth.
India's core sector growth eased slightly to 6.3% in May from a revised 6.7% in the previous month, due to a contraction in the cement industry despite higher output in coal and electricity, according to government data released on June 28.
The Nephro Care India IPO started accepting subscriptions today, June 28, and will close on July 2. The company, founded in 2014 and focused on kidney care, plans to raise ₹11.15 crore from anchor investors. The IPO price range is ₹85 to ₹90 per share, with a lot size of 1,600 shares.
To enhance transparency and help investors better understand their scheme's returns in relation to its volatility, the Securities and Exchange Board of India (SEBI) has proposed mandatory disclosure of the Information Ratio (IR). The IR measures the ratio of Tracking Difference (TD) to Tracking Error (TE) of a scheme portfolio over a specific period.
Emcure Pharma, backed by Namita Thapar, is set to open its IPO for bidding on July 3, offering shares priced between Rs 960 and Rs 1,008 each. Investors can subscribe for a minimum of 14 shares and in multiples thereof until July 5.
Medicamen Organics shares had a remarkable debut on the NSE SME, listing at ₹137.85 per share, which is a 305.44% premium to the issue price of ₹34.
Retail investors are eagerly investing in lesser-known SME IPOs, driven by grey market premium (GMP) signals, creating unprecedented FOMO (fear of missing out) on Dalal Street.
Hyundai Motor's India unit recently filed for regulatory approval for a listing that could be the largest in India, aiming to raise around $2.5-$3 billion. Banks advising Hyundai on this IPO, including JPMorgan, Citigroup, and HSBC, could earn up to $40 million in fees, making it the second-highest fee for an IPO in India.
सिक्योरिटी एक्सचेंज बोर्ड ऑफ इंडिया (Sebi) ने गुरुवार (27 जून) को हुई बोर्ड मीटिंग में फाइनेंशियल इंफ्लूएंसर्स (फिनफ्लूएंसर्स), कंपनी डीलिस्टिंग, डेरिवेटिव ट्रेडिंग और अल्टरनेटिव इन्वेस्टमेंट फंड्स (AIF) से संबंधित कई महत्वपूर्ण फैसले लिए। मीटिंग में फिनफ्लूएंसर्स को रेगुलेट करने के लिए नए नियमों को मंजूरी दी गई है।
The Securities and Exchange Board of India (SEBI) has revised its insider trading regulations, increasing flexibility for executing trading plans. These new norms will be effective in three months.
The IPO allotment for Shivalic Power Control, a manufacturer of electric control panels, is anticipated to be finalized on Thursday, June 27, following the successful closure of its public offer. The IPO received significant interest, being subscribed 257 times by Wednesday's end.
The Diensten Tech SME IPO will be open for subscription from June 26 to June 28 on the NSE. The company aims to raise ₹22.08 crores through this offering, with shares priced between ₹95 to ₹100 each. Investors must purchase a minimum of 1200 shares per lot.
The Indian Clearing Corporation (ICCL), a subsidiary of BSE, is facing scrutiny from SEBI for alleged violations of clearing norms related to interoperability of clearing corporations (CCP). ICCL has received a show-cause notice and a letter from SEBI concerning these violations.
Dindigul Farm's IPO has successfully raised Rs 34.83 crores through a book-built issue, entirely comprising a fresh offering of 64.5 lakh shares, indicating robust investor interest. Beeline Capital Advisors managed the IPO as the book-running lead manager, with Link Intime India handling registrar duties.
Mumbai: Warburg Pincus-backed Ecom Express is preparing for a ₹3,000-crore initial public offering (IPO), as per two sources familiar with the matter. The third-party logistics company has enlisted Kotak Capital, IIFL, Axis Capital, and UBS to manage the IPO.
Aviation contributes 2.5% of global emissions and 12% of transportation emissions. In India, the aviation sector accounts for 1% of CO2 emissions but is expected to grow rapidly, increasing its carbon footprint in the coming years.
India tops the list of countries with highest remittances! In the fiscal year 2023-24, overseas Indians sent a record-breaking $107 billion in remittances to their relatives in India, surpassing the $100 billion mark for the second consecutive financial year.
Momenta Global Ltd, a prominent Chinese autonomous driving start-up, is preparing for an initial public offering (IPO) in the United States, potentially by the end of this year or the first half of next year, according to sources on Wednesday
ICICI Bank achieved a significant milestone on Tuesday by becoming the sixth Indian company to reach a market capitalisation of $100 billion.
The Securities and Exchange Board of India (SEBI) has relaxed the framework for 'trading plans' for company insiders who frequently have access to undisclosed price-sensitive information.
SEBI is considering an overhaul of merger norms for listed and unlisted companies, potentially expanding situations that require majority of minority shareholder approval, adjusting contingency provisions, and refining valuation parameters.
The IPO of Stanley Lifestyles saw an overwhelming response, receiving 99.32 crore bids against the 1.02 crore shares on offer, resulting in a subscription rate of 96.98 times. The Qualified Institutional Buyers (QIBs) category was oversubscribed 222.10 times, Non-Institutional Investors (NIIs) category 119.52 times, and Retail Individual Investors (RIIs) category 19.21 times.
The Securities & Exchange Board of India (SEBI) has revised its oversight framework for stock exchanges and other market infrastructure institutions (MIIs), detailing the structure and responsibilities of various statutory committees to enhance governance.
The IPO of Durlax Top Surface Ltd, valued at ₹40.8 crore, was highly sought after, being subscribed over 170.38 times by the end of the bidding period on June 21. Investors bid for 87.03 crore shares against the 51.08 lakh shares available.
Niva Bupa, an Indian health insurer, is planning a $360 million IPO, potentially valuing the business at up to $2.5 billion. According to sources and a document seen by Reuters, the company will file papers with India's market regulator for IPO approval next week.
Dee Development Engineers' shares surged on their stock market debut, opening at Rs 339 per share on the NSE, marking a 67% increase from the issue price of Rs 203. On the BSE, the shares opened at Rs 325 each, up 60.10% from the issue price.
Falcon Technoprojects India faced a challenging debut on the NSE Emerge, listing at Rs 84, which is an 8.7% discount from its issue price of Rs 92. The IPO, aimed at raising Rs 13.69 crore through a fixed price issue, comprised a fresh issue of 14.88 lakh shares.
Mumbai: Northern Arc Capital, a non-bank lender, has raised $75 million (approximately Rs 620 crore) in debt from Dutch development bank FMO.
The NSE SME IPO of Akiko Global Services has garnered significant investor interest, with bids received for 27.52 lakh shares against the 30.01 lakh shares offered. This represents a subscription of 0.67 times the initial offer size, according to NSE data as of 17:00 hours on Tuesday, 25 June 2024.
The Securities & Exchange Board of India (SEBI) is expected to address various norms, including those related to derivatives trading, investment advisors, and financial influencers, during its board meeting on June 27.
With the elections concluded, ministries assigned, and the 18th Lok Sabha's first session underway, market focus has shifted to upcoming policy announcements and the July Union Budget.
The primary market is experiencing a significant surge, with three IPOs closing this week marking the best first half for IPOs in 17 years. According to PRIME Database, 37 companies from various sectors, including co-working spaces, furniture retailing, and online ticket booking.
Previously, SEBI had advised merchant bankers that PE investors must cancel their special rights when the investee company files its updated IPO document with SEBI.
Quant Mutual Fund has responded to the Securities and Exchange Board of India's (SEBI) recent search and seizure operations regarding a suspected front-running case. The fund emphasized its cooperation with SEBI and its dedication to delivering superior risk-adjusted returns.
Approximately 20% of foreign portfolio investors (FPIs) breaching SEBI's specified thresholds will need to provide detailed disclosures on ultimate beneficiaries, owing to certain exemptions, sources indicate.
As Indian benchmark stock indices hit new highs, billionaire banker Uday Kotak emphasizes the need to boost equity supply through new listings and secondary sales. His comments come as the primary market prepares for a surge of IPOs.
United Coftab's shares made a promising debut on June 24, listing at Rs 75 on the BSE SME platform, a 7.1% premium over the issue price of Rs 70 per share. This gain, however, fell short of grey market estimates, where shares were trading at Rs 83. The grey market is an unofficial market where shares trade before the official subscription and continue until listing day.
Gujarat-based IT infrastructure solutions provider, Armee Infotech Ltd, has filed initial papers with the Securities and Exchange Board of India (SEBI) to raise Rs 250 crore via an initial public offering (IPO). This IPO will be a fresh issue of equity shares, with no offer for sale (OFS) component, as detailed in the draft red herring prospectus (DRHP) submitted on Friday
The primary market will be super busy for the coming week starting from June 24 as there will be full of action in both segments - mainboard as well as SME. A total of 10 public issues worth Rs 1,991 crore will hit Dalal Street, while 11 companies will make their debut on the bourses.
Unicommerce Esolutions has identified SoftBank, which owns nearly 30% of the company, as a promoter in its amended draft IPO prospectus. This update also names Snapdeal cofounders Kunal Bahl and Rohit Bansal as promoters.
Avanse Financial Services Ltd has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Avanse Financial Services Limited is an Indian non-banking financial corporation (NBFC) specializing in education. According to a Crisil report, the company offers a comprehensive range of education-related products, including student education loans and capital for educational institutions through education infrastructure loans.
The benchmark Sensex ended a six-day winning streak on Friday due to significant selling by foreign portfolio investors (FPIs) and losses in Reliance Industries (RIL). The 30-share index closed at 77,210, down 269 points or 0.4%, while the Nifty finished at 23,501, down 66 points or 0.3%.
Avanse Financial Services, a provider of education loans, has filed its draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) valued at Rs 3,500 crore. This Mumbai-based firm aims to issue fresh shares worth Rs 1,000 crore to bolster its capital base.
Several investment holding companies (IHCs) experienced a rally on Friday, outperforming the broader market, following Sebi's announcement of a special call auction session aimed at fair price discovery. These entities, known as Holdcos, hold assets and securities of other listed companies, typically their own group firms.
The initiative by the Securities and Exchange Board of India (Sebi) involves conducting special call auctions without price bands, starting with the first auction scheduled for October. This move is expected to bring about a more accurate valuation of investment holding companies based on their latest audited financial statements.
Ola Electric Mobility is encountering resistance from investors over its proposed valuation for its upcoming IPO. Sources familiar with the situation indicate that the company's founder is targeting a valuation of up to $7 billion for the Mumbai listing.
Pine Labs Pvt, a digital payments provider in Asia supported by Peak XV Partners and Mastercard Inc., is contemplating a significant step towards a potential $1 billion initial public offering (IPO) in India, according to sources familiar with the matter. The company aims to achieve a valuation exceeding $6 billion through this IPO, potentially offering a combination of new and existing shares.
The IPO of Akme Fintrade, a non-banking finance company, was subscribed 53.97 times by the closing day of bidding on June 21.
Zepto, a prominent player in quick commerce, has raised $665 million, approximately Rs 5,560 crore, as the Mumbai-based startup prepares to double its network of dark stores in anticipation of an upcoming initial public offering. The latest funding round values the company at $3.6 billion.
Avanse Financial Services Ltd, an Indian non-banking financial company (NBFC) focusing on education, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Visaman Global Sales Ltd is gearing up to launch its initial public offering (IPO) on June 24, with a fixed price issue set at ₹43 per share. The company aims to raise ₹16.05 crore through this public issue, which consists entirely of a fresh issue of 37.32 lakh equity shares.
The Rs 3,500 crore Avanse Financial IPO comprises a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by the existing shareholders. Under the OFS, Olive Vine Investment, International Finance Corporation
The SME IPO market is buzzing, with eight issues set to launch in the next five days. Among these, two public offers are commanding a grey market premium (GMP) of 100% or more.
Stanley Lifestyles' IPO opened for subscription on Friday and will close on June 25. The offering includes a fresh equity sale worth Rs 200 crore and an offer for sale (OFS) of 91 lakh shares. Proceeds from the fresh issue will be specifically used for the expansion and renovation of stores.
The Securities and Exchange Board of India (SEBI) has introduced new measures and surveillance protocols to prevent manipulation during the process of determining the opening price for stocks on their listing day following an initial public offering (IPO). This process, known as the pre-open call auction session, occurs for one hour on the listing day, during which market participants place bids at specific prices that are then matched to set an opening price.
The number of Demat accounts in India hit a record high of 151 million by March 2024, with 3.1 million new accounts added in that month alone. This upward trend has been consistent throughout FY24, with an average of 3.1 million new accounts opened each month, according to data from Motilal Oswal.
Perceptive Capital Solutions Corp, a special purpose acquisition company (SPAC), successfully concluded its initial public offering (IPO) on Monday, raising $86.25 million. Trading under NASDAQ, the company offered 8,625,000 Class A ordinary shares at $10.00 per share, which included the full exercise of the underwriters' over-allotment option.
Emcure Pharmaceuticals has secured approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO), anticipated to launch within the next two months.
Allied Blenders and Distillers Ltd., renowned for Officer's Choice whisky, has fixed a price band of Rs 267–281 per share for its forthcoming initial public offering (IPO). The company intends to raise up to Rs 1,500 crore in the primary market through a combination of a Rs 500 crore offer for sale and a fresh issue of shares amounting to Rs 1,000 crore.
The Securities and Exchange Board of India (Sebi) confirmed on Thursday the interim ban on JM Financial Ltd from acting as a lead manager for public debt securities issues until March 31, 2025, due to alleged irregularities in a non-convertible debentures (NCDs) public issue. The confirmatory order emphasized that this restriction is limited to debt securities and does not affect JMFL’s equity operations.
The Securities and Exchange Board of India (Sebi) has mandated Religare Enterprises (REL) to seek approvals to proceed with the Burman family's open offer, marking a setback for REL's management, led by chairperson Rashmi Saluja. REL is required to apply for necessary approvals from the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (Irdai), and Sebi by July 12. The REL management had previously obstructed the Dabur promoters' open offer application for nine months, challenging their "fit and proper" status.
Hyundai Motor India Ltd.'s upcoming share sale, anticipated to be one of India's largest, could significantly enhance the valuations of the country's thriving automakers. Bloomberg News previously reported that the listing might value the South Korean carmaker's Indian unit at $25 billion, positioning it as the fourth-largest automaker in India by market value—a positive sign for the sector, according to analysts.
Led by Bhavish Aggarwal, the company's IPO will feature a fresh issue of shares worth Rs 5,500 crore, along with an offer-for-sale comprising 9.51 crore equity shares, as per the draft red herring prospectus. In the offer-for-sale component, Aggarwal will sell 4.7 crore of his equity shares.
BEIJING (Reuters) - China's securities regulator announced on Monday that it has approved the initial public offering (IPO) of autonomous driving startup Momenta Global Limited in the United States. Momenta intends to issue up to 63,352,856
BENGALURU (Reuters) - Addressing India's chronic unemployment will be the government's biggest challenge over the next five years, even as the country continues to be the fastest-growing major economy, according to a Reuters poll of policy experts.
Anand Rathi IPO Report on Akme Fintrade (India) Ltd Akme Fintrade (India), an NBFC established in 1996, is registered with the Reserve Bank of India as a non-systemically important non-deposit taking company. With over two decades of lending experience in rural and semi-urban areas of India, the company offers financial solutions tailored to these regions' needs and aspirations.
Hyundai Motor’s Indian business has filed draft papers for India’s largest initial public offerings (IPOs) on Saturday. This IPO, aimed at bolstering Hyundai’s brand presence and providing liquidity in the country, marks a pivotal moment in the automotive industry. Not only will this be the biggest IPO in the automotive space, it also surpasses the IPOs filed thus far on Dalal Street including the largest so far – LIC’s $2.5 billion issue in 2022.
The Securities and Exchange Board of India (SEBI) imposed fines totaling Rs 35 lakh on Hexa Tradex Ltd, a company associated with the OP Jindal Group, along with its promoters and directors for breaching delisting regulations and other disclosure norms. The penalties, ranging from Rs 2 lakh to Rs 5 lakh, were levied on Hexa Tradex, its chairperson Raj Kamal Aggarwal
The IPOs of Aasan Loans (Akme Fintrade India) and DEE Piping Systems (DEE Development Engineers Limited) are now open for subscription and will close on Friday, June 21st.
Divine Power Energy IPO details: Delhi-based Divine Power Energy Limited will open its initial public offer (IPO) on Tuesday, June 25, 2024. The manufacturer of insulated wires and strips aims to raise Rs 22.76 crore via the public offering of its shares in a price band of Rs 36-40 per share.
The Indian automobile industry grew 19 per cent to Rs 10.22 lakh crore in FY24 driven by a robust growth in the utility and sports utility vehicle (SUV) segment, a report said on Wednesday.
Prestige Estates board will meet on 21 June to consider fund raising through various means including QIP (qualified institutional placement), rights issue or private placement, it said in a notice to stock exchanges.
Passenger car major Hyundai Motor Company’s plan to list its domestic arm may prompt more multinational companies (MNCs) to consider listing their India arms. Investment banking sources said they were in early-stage talks with about half a dozen MNC firms, which are exploring options to list in India to unlock value and help the parent company raise capital.
Capital markets watchdog Sebi has started the process to recruit an executive director and invited applications to fill the vacancy. The Securities and Exchange Board of India (Sebi) has invited applications for the post until July 18.
A delegation of Opposition leaders, led by TMC MPs, on Tuesday met senior officials of the Securities and Exchange Board of India (Sebi) and demanded an investigation into alleged “manipulation” of the stock market on the back of exit polls. Most exit polls gave the ruling BJP a clean sweep in general elections.
Markets regulator Sebi on Tuesday levied penalties totalling Rs 35 lakh on OP Jindal Group's firm Hexa Tradex Ltd, its promoters and directors for flouting delisting norms and other disclosure rules.
A delegation of Trinamool Congress MPs met officials of the Securities and Exchange Board of India (Sebi) here on Tuesday and demanded a probe into the alleged stock market manipulation following exit polls earlier this month.
India's markets regulator is considering a series of tweaks to its derivative trading rules, according to two sources, as it seeks to address risks arising from explosive growth in options trading.
Jewellery retailer Bluestone is negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments, people aware of the matter said.
Former Chief Business Officer of WhatsApp Neeraj Arora has quit the board of the fintech firm One97 Communications, owner of Paytm brand, citing pre-occupation and personal commitments, a regulatory filing said on Monday.
Gurugram-based hospital chain Paras Healthcare is expected to file draft papers with capital market regulator Sebi for a Rs 1,000-1,200 crore initial public offering (IPO) by this month-end, said people with knowledge of the IPO process.
Falcon Technoprojects India IPO: The initial public offering (IPO) of Falcon Technoprojects India Limited will hit the Indian primary market on 19th June 2024, i.e. on Wednesday this week. The fixed issue is purely fresh. The public issue is proposed for listing on the NSE SME Emerge platform. Meanwhile, shares of the SME issue have yet to be traded in the grey market. According to the stock market observers, Falcon Technoprojects India Limited shares are trading at par in the grey market today.
SME IPOs this week: Six small and medium enterprises (SMEs) are set to open for subscription (IPO) this week (June 17-21, 2024). These include Falcon Technoprojects India, Durlax Top Surface Limited, GEM Enviro Management Limited, Winny Immigration and Education Services Ltd, Dindigul Farm Product Limited, and Medicamen Organics Limited.
Medicamen Organics IPO: Pharmaceutical dosages manufacturer Medicamen Organics is set to launch its initial public offering (IPO) on June 21. The company plans to raise over ₹10 crore from the IPO and has announced the price band and other details of the IPO.
Hyundai Motor India has sought approval for what could be the biggest-ever initial public offering in India, lifting shares of its South Korean parent.
South Korea’s Hyundai, which began its Indian odyssey with the Santro small car 25 years ago, has taken the wraps off the country’s second-biggest public share sale, hoping to beat the so-called Korean discount in India's vibrant stock market.
Godavari Biorefineries, a leading manufacturer of ethanol-based chemicals in India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The market capitalisation of BSE-listed firms hit another record high of Rs 434.88 trillion on Friday as the BSE benchmark scaled new closing peak, rallying for the third day running.
Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy.
Stanley Lifestyles Ltd has fixed a price band of Rs 351-369 a share for its initial public offering that will open for subscription on June 21.
South Korea's Hyundai Motor is looking to dilute a stake of up to 17.5% in its India entity's IPO for which it plans to file papers on Friday, aiming to raise $2.5 billion to $3 billion, said three sources with direct knowledge of the matter.
HDB Financial services, the non-banking financing arm of HDFC Bank, is awaiting the signal from its parent to begin the listing process. The lender also has plans to open nearly 200 branches in the current fiscal year as it aims to grow its loan book.
GEM Enviro IPO: GEM Enviro Management Ltd, a waste management company, plans to go public with the launch of its initial public offering (IPO) worth ₹44.93 crore. GEM Enviro IPO is an SME IPO and is set to hit the street on June 19.
The Securities and Exchange Board of India(Sebi) has barred PTC India Financial Services (PFS) chairman Rajib Kumar Mishra from holding the director’s post in any listed company for six months and imposed a fine of Rs 10 lakhs on him.
The total number of demat accounts with Central Depository Services (CDSL) and National Securities Depository (NSDL) rose by 11.9% year-on-year, reaching 15.14 crore from 11.45 crore.
The benchmark indices Sensex and Nifty50 increased by 24.85% and 28.61% respectively in FY24, while the BSE Midcap and Smallcap indices saw gains of 63.4% and 60%.
India's primary market anticipates over two dozen IPOs in the next two months, targeting to raise more than Rs 30,000 crore.
18 companies have received approval from SEBI to launch IPOs, aiming to raise over Rs 20,000 crore while an additional 37 companies have filed the DRHP to raise over Rs 50,000 crore and are awaiting approval, according to primedatabase.com.
The SME IPO of United Cotfab opened for subscription earlier today and will close on June 15. The company aims to raise about Rs 36.29 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
The Indian market is poised to outperform China for the fourth consecutive year, driven by strong domestic earnings, according to Jonathan Garner, Chief Asia and Emerging Markets Equity Strategist at Morgan Stanley, in an interview with Moneycontrol.
With the BJP-led NDA government securing a third term, India's primary market is gearing up for an IPO surge. Over the next two months, more than two dozen companies are slated to go public, collectively aiming to raise over Rs 30,000 crore, The Economic Times reported.
The shares of Sattrix Information Security were listed on the BSE SME platform with a premium of 24% on Wednesday. The stock debuted at Rs 150 as against an issue price of Rs 121 per share.
Ixigo IPO: The initial public offering (IPO) of online travel booking company Le Travenues Technology Ltd, popularly known by its brand name ixigo, opens for subscription today, June 10. Ixigo is a technology company focused on allowing Indian travellers to plan, book and manage their trips across rail, air, buses and hotels.
Prestige Estates Projects has appointed JM Financial, JP Morgan, and CLSA as bankers for the initial public offering (IPO) of its hospitality business, hinting at the launch of its IPO soon, a report said on June 12.
Mumbai: Private equity investors in IPO-bound companies will have to cancel their special rights when the latter file their updated IPO documents with Sebi, says an advisory note from the capital market regulator to merchant bankers. This requirement exposes private equity investors to risks if IPOs of their investee companies fail to materialise, securities lawyers said.
Capital markets regulator Sebi on Tuesday launched a free, voluntary online investor certification examination, which will help individuals gain comprehensive knowledge about stock market investing. Developed in collaboration with the National Institute of Securities Markets (NISM), this voluntary certification aims to help investors test their knowledge of markets and investing, Sebi said in a statement.
India Inc’s profit as a percentage of gross domestic product (GDP) has risen to a 15-year high led by improvement in the bottom line of financials, energy and automobile companies.
The Indian unit of Korea's Hyundai Motor is set to embark on a significant financial milestone, with plans to file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) within the next two weeks, according to a report by the Economic Times. This move initiates the process for an initial public offering (IPO), marking the first such venture by an automaker in India since Maruti Suzuki's listing in 2003.
The market regulator’s newly proposed selection criteria for the over Rs 400-trillion-a-day futures and options (F&O) market could pave the way for the entry of popular stocks such as Life Insurance Corporation (LIC) of India, Jio Financial Services, Zomato, Paytm, DMart, and Adani Energy into the derivatives segment.
The Indian unit of Korea's Hyundai Motor is likely to file a draft red herring prospectus (DRHP) with market regulator Sebi over the next two weeks, initiating the process for an initial public offering, said people familiar with the matter.
The National Stock Exchange (NSE) on Monday cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving investment advisories. In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology.
The Leela Palaces, Hotels and Resorts will seek a valuation of at least $2.5 billion (approximately Rs 21,000 crore) in an initial public offering (IPO), a significant turnaround for the hotel chain that changed hands under crushing debt and defaults five years ago, Mint has reported.
Ixigo IPO: The initial public offering (IPO) of online travel booking company Le Travenues Technology Ltd, popularly known by its brand name ixigo, opens for subscription today, June 10. Ixigo is a technology company focused on allowing Indian travellers to plan, book and manage their trips across rail, air, buses and hotels.
The Securities and Exchange Board of India (Sebi) on Wednesday mandated the direct payout of securities to the demat accounts of clients from October 14, in a move to protect clients’ securities from being misused by brokers and improve operational efficiencies.
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said.
With a flurry of IPOs in the last two years, India has emerged as the second largest IPO market in the world. Now that the election outcome is out of the way, analysts expect the IPO boom to notch a level higher.
Health-care payments software maker Waystar Holding Corp. shares declined as much as 4.7% after its initial public offering raised $968 million, the largest by a US-based company this year.
Bengaluru: Hong Kong-based TR Capital, a prominent investor in Indian startups like Lenskart and BigBasket, sees an opportunity to invest over $200 million annually in India as it is bullish on India's economic potential.
Following the announcement of the results of the 2024 Lok Sabha elections, startups in the emerging economy sector that are set for their debut on the public market, are now consulting experts for guidance amid the fluctuations in the stock market.
Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Friday said its existing sharehoders have completed the sale of equities worth a little over Rs 176 crore in a pre-IPO round.
A slew of new economy ventures eyeing public market debuts are seeking advice on their next moves in response to stock market volatility following the general election results announced on Tuesday. These firms will mostly seek counsel on the timing of their public listings as they remain confident about India’s strong macroeconomic prospects, according to IPO-bound founders, investors, and investment bankers.
Bajaj Finance's housing finance subsidiary will raise Rs 4,000 crore through an initial public offer (IPO) to comply with the Reserve Bank of India (RBI) regulations, the company said in a stock exchange filing.
Magenta Lifecare IPO has opened for subscription on Wednesday, June 5 and will end on Friday, June 7. The issue's price band has been fixed at ₹35 apiece. The Magenta Lifecare IPO lot size is 4,000 shares. Investors may bid for a minimum of 4,000 shares or multiples thereof. Magenta Lifecare IPO drew considerable interest from investors across all categories, and the offer was completely booked within hours of its launch. For retail investors, the minimum investment is ₹1.4 lakh. High Net-worth Individuals (HNIs) must apply for two lots of 8,000 shares, with a minimum investment of ₹2.8 lakh.
NSE Indices, a subsidiary of NSE, announced the launch of a new strategy index, the Nifty500 Momentum 50. This index aims to capture the performance of the top 50 high-momentum companies within the broader Nifty 500 index.
India's primary market is gearing up for a flurry of IPOs from around twelve consumer-oriented companies this year, as executives from these firms aim to leverage the country's robust growth potential.
The market regulator has proposed increasing the limit of securities' value held in the Basic Services Demat Account (BSDA) significantly.
BSDA was introduced in 2012 to promote financial inclusion.
The market regulator has amended the Master Circular for Foreign Portfolio Investors (FPIs) to relax timelines for disclosure of material changes and events.
Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market.
The offer received bids for 4.64 crore shares as against 20 lakh shares on offer. The initial public offer (IPO) of Magenta Lifecare received bids for 4,64,40,000 shares as against 20,00,000 shares on offer, as per BSE data as of 17:00 hours on Wednesday, (5 June 2024). The issue was subscribed 23.2 times.
The National Stock Exchange (NSE) made a world record by processing 1,971 crore transactions in a single day, according to its MD and CEO Ashishkumar Chauhan.
Novelis, the US subsidiary of India’s Hindalco Industries, has deferred its initial public offering (IPO) due to market conditions, announcing the decision on Wednesday after launching a roadshow for the offer last week.
Online travel aggregator Le Travenues Technology, the parent company of ixigo, has set a price band of Rs 88-93 a share for its initial public offering that will open for subscription on June 1.
Mumbai: India, which has emerged as the second-largest IPO market on the world league table, has raised $4 billion so far this year. With NDA returning to form the next govt, hopes of policy continuity should extend the IPO boom throughout the rest of 2024.
India's market regulator wants companies looking to go public to share more information as it seeks to fast track public offers, according to a letter sent to merchant bankers last week. The regulator has sought 31 additional disclosures, the most significant of which are information about conflict of interest with management, directors, large shareholders, subsidiaries and third-party service providers.
Capital markets regulator Sebi on Tuesday said it has set up a committee to review the ownership and economic structure of clearing corporations and suggest measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers.
Aimtron Electronics IPO Allotment: The bidding for the initial public offering (IPO) of Aimtron Electronics Ltd ended on June 3 and investors now await the Aimtron Electronics IPO allotment which is likely to be finalised today.
Investment companies and investment holding companies (ICs/IHCs) serve as crucial structures for establishing ownership and control within larger conglomerates. They typically hold investments in a mix of listed and unlisted entities but do not engage in any operating business themselves.
The initial public offering of Le Travenues Technology, the parent company of travel aggregator Ixigo, will hit the Dalal Street on June 10. The price band for the issue will be announced on June 5.
Beacon Trusteeship share price made a bumper debut on NSE SME today. Vilas Transcore share price opened at ₹90, which is 50% higher than the issue price of ₹60. Following a bumper debut, the stock was locked in 5% upper circuit.
British personal computer manufacturer Raspberry Pi has confirmed its intention to go public in London, providing a modest boost to a city that has lagged behind in the European IPO resurgence.
In a bid to expedite the processing of initial public offerings (IPOs), the markets regulator will now seek additional information from lead managers (LMs) when they file draft documents. Last week, the Securities and Exchange Board of India (Sebi) sent a letter to bankers, listing over two dozens of new disclosure requirements.
Associated Coaters' initial public offering reported robust subscription numbers on its final day of bidding, June 3. Investors bought 13.21 crore equity shares, 313.2 times higher than the offer size of 4.22 lakh equity shares....
India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy.
Amid the mayhem over exit poll prediction, market regulator SEBI has implemented the much awaited market rumour verification regulation on top 100 companies.
IPOs Next Week: 2 जून से शुरू हो रहे सप्ताह में 3 नए IPO दस्तक देने वाले हैं। इनमें मेनबोर्ड और SME, दोनों ही सेगमेंट के इश्यू शामिल हैं। साथ ही पहले से ओपन 3 पब्लिक इश्यू में भी पैसा लगाने का मौका रहेगा। शेयर बाजार में लिस्टिंग की बात करें तो अगले सप्ताह 6 कंपनियों के शेयर लिस्ट होंगे। नए सप्ताह में किन कंपनियों के IPO आ रहे हैं और किन कंपनियों की लिस्टिंग है, आइए जानते हैं...
भारत आईपीओ के लिए एशिया का सबसे अट्रैक्टिव बाजार बन गया है। चुनाव खत्म होते ही, बंपर डील की उम्मीद है जो रिकॉर्ड बना सकती है। इंवेस्टर्स इस तेजी से बढ़ती हुई इकॉनमी में इंवेस्टमेंट का अवसर तलाश रहे हैं। ब्लूमबर्ग के आंकड़ों के अनुसार, इस साल अब तक भारत में आईपीओ के जरिए लगभग 3.9 बिलियन डॉलर जुटाए जा चुके हैं, जो 2023 की समान अवधि से दोगुना से भी ज्यादा है। ये राशि दक्षिण कोरिया और हांगकांग में जुटाई गई राशि से भी ज्यादा है।
Oswal Pumps IPO: सोलर और अन्य पंप बनाने वाली कंपनी ओसवाल पंप्स लिमिटेड आईपीओ लाने की योजना बना रही है। कंपनी पब्लिक इश्यू के जरिए 2000 करोड़ रुपये जुटा सकती है। मामले से वाकिफ सूत्रों ने मनीकंट्रोल को यह जानकारी दी है। एक सूत्र ने बताया, "कंपनी अपने ड्राफ्ट रेड हेरिंग प्रॉस्पेक्टस को तैयार करने के लिए इनवेस्टमेंट बैंकों जेएम फाइनेंशियल, आईआईएफएल, एक्सिस कैपिटल, सीएलएसए और नुवामा के साथ काम कर रही है और अगले कुछ महीनों में ड्राफ्ट प्रॉस्पेक्टस दाखिल होने की उम्मीद है।"
India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy.
The Securities and Exchange Board of India (Sebi) has slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a 'pump and dump' scheme in scrip of Svarnim Trade Udyog . The markets regulator has also debarred them from the securities market and ordered disgorgement
India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy.
Bengaluru-headquartered Canara Bank on Friday said it has approved initiating the process of diluting a 14.50% stake in its subsidiary, Canara HSBC Life Insurance Company, via an initial public offering (IPO), according to an exchange notification.
Hyundai Motor Co. has brought in Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers on a potential initial public offering of its India unit, according to people familiar with the matter, as the automaker considers what might be one of the biggest-ever listings in the South Asian country.
Goa-based diagnostics chain Molbio Diagnostics, backed by Temasek and Motilal Oswal Private Equity (MOPE), is set to launch an initial public offering (IPO) in the financial year 2025, according to reports. The company aims to raise between Rs 2,200 crore and Rs 2,400 crore, according to Moneycontrol’s report.
Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday launched a beta version of the settlement calculator to simplify the process of arriving at an indicative settlement amount.
Canara Bank on Friday said it has initiated the process of IPO for its subsidiary Canara HSBC Life Insurance Company and through the public offer, the lender will dilute about 14.5% of its stake.
Novelis Inc, the US subsidiary of Hindalco Industries, has finalised a price band of $18-21 per share for its proposed initial public offering (IPO). The company intends to raise $810-945 million through the IPO. With a greenshoe option, the proceeds are estimated to be in the range of $931.5 million to $1.08 billion.
State-run power major NTPC Ltd is likely to list its fully owned subsidiary NTPC Green Energy Limited (NGEL) by October or November this year to mobilise resources for green projects. The company is expected to expedite the process after June, the company’s top management said in an investor call.
GSM Foils share price made a muted debut on NSE SME today. GSM Foils share price opened at the issue price of ₹32. Following a tepid opening, GSM Foils share price rose over 3%.
Hero Fincorp IPO: दो पहिया वाहन बनाने वाली भारत की सबसे बड़ी कंपनी हीरो मोटोकॉर्प की वित्तीय सेवा देने वाली इकाई हीरो फिनकॉर्प की ओर से 4,000 करोड़ रुपये के आईपीओ को गुरुवार को मंजूरी दे दी गई. कंपनी द्वारा दी गई जानकारी के मुताबिक, इस आईपीओ में फ्रेश इश्यू के साथ ऑफर फॉर सेल (ओएफएस) भी होगा. बता दें, ओएफएस के तहत आईपीओ में कंपनी के मौजूदा निवेशक शेयर बेचते हैं. हीरो फिनकॉर्प ने बयान में कहा कि 29 मई, 2024 को कंपनी के बोर्ड ऑफ डायरेक्टर्स की बैठक हुई थी. इसमें 10 रुपये वाले फेस वैल्यू वाले शेयरों के साथ आईपीओ की मंजूरी दे दी गई है.
NSE’s index services subsidiary, NSE Indices Limited on 30 May launched a new thematic index – Nifty EV & New Age Automotive index.
The Nifty EV & New Age Automotive index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles or related technology.
The subscription period for the Beacon Trusteeship IPO began on Tuesday, May 28, and it will end on Thursday, May 30. The price band for the offering has been set between ₹57 and ₹60 per share. Each lot in the Beacon IPO is worth 2,000 shares.
Multibagger IPO: Investing in stocks is like investing in a business; one should hold one's shareholding as long as one can after getting invested. A stock investor must believe that money is not in buying and selling stocks but in holding. So, one should hold the stock as long as one can; this rule also applies to the primary market investors. An IPO investor should have the stock till the fair price of the proposed shares of the company is achieved.
The initial public offering (IPO) price band for Kronox Lab Sciences Limited has been set at ₹129 to ₹136 per equity share, with a face value of ₹10. The subscription period for the Kronox Lab Sciences IPO is set for Monday, June 3, and it will end on Wednesday, June 5. On Friday, May 31, the allocation to anchor investors for the Kronox Lab Sciences IPO is scheduled.
Hero FinCorp IPO: The ₹4,000 crore IPO has been approved by Hero FinCorp, the financial services division of India's largest two-wheeler manufacturer, Hero MotoCorp, according to a May 29 company release.
The market regulator has modified the liquid assets that can be accepted by the clearing corporations (CCs). CCs, as part of risk management, accept liquid assets with haircuts to meet various requirements such as for margins and to meet mark-to-market losses.
Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is targeting a valuation of up to $12.6 billion in its initial public offering in the United States, the aluminum products maker said on Tuesday.
Vilas Transcore IPO has started for subscriptions on Monday, May 27, and will end on Wednesday, May 29. Vilas Transcore IPO price band has been fixed between ₹139 and ₹147 per equity share with a face value of ₹10 each. The lot size for the Vilas Transcore IPO is 1,000 shares. A minimum of 1,000 equity shares must be applied for, with further shares applied for in multiples of 1,000.
Ztech India IPO: Civil engineering products designer Ztech India is set to launch its initial public offering (IPO) on Wednesday, May 29. Ztech India IPO is an SME IPO and is entirely a fresh issue of 33.91 lakh equity shares.
Hyundai Motor Co has also picked investment banks Kotak Mahindra Capital and Morgan Stanley as its advisors for initial public offering of its arm Hyundai Motor India Limited on the domestic bourses, a report said. These banks are in addition to Citi, JP Morgan and HSBC Securities which had been engaged previously for the public issue.
The mainboard segment is set to remain dry in the coming week as no new initial public offerings (IPO) are set to open amid ongoing general elections. However, the small and medium enterprise (SME) segment will remain in action as five public issues are listed to open for subscription next week.
On Friday, May 24, the Securities and Exchange Board of India (SEBI) unveiled new rules governing the dissemination of real-time share price information to third parties, including different online platforms.
In a step towards investor awareness, the Securities and Exchange Board of India (Sebi) has directed companies planning to launch initial public offers (IPOs) to release a 10-minute video containing key information related to the issue.
A boom in tiny initial public offerings in India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy.
To facilitate ease of doing business for companies planning IPOs, Sebi has said any change in the size of offer for sale (OFS) requiring fresh filing will be based on only one of the criteria -- either issue size in rupee or number of shares.
Awfis Space Solutions will be opening its IPO on May 20 to retail investors offering them 15.6 million shares. The company will be raising Rs 598.93 crore through fresh issues and offers for sale. The subscription will close on May 27.
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
The SME IPO of Rulka Electricals opened for subscription earlier today and will close on May 21. The company aims to raise about Rs 26.4 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
The SME IPO of HOAC Foods opened for subscription earlier today and will close on May 21. The company aims to raise about Rs 5.5 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
GP Eco Solutions India Limited (GPES) is planning to raise as much as Rs 35 crore through an Initial Public Offering (IPO) which is expected to hit the markers by month-end, its CEO Deepak Pandey said on Thursday. The proceeds will be utilised to fuel the company's expansion plans and support working capital requirements, he said in a media interaction here.
Bengaluru: The retail portion of Go Digit General Insurance's initial public offering (IPO) got subscribed 1.44 times by the end of the first day of its book-building process on Wednesday, according to data released by the stock exchanges.
MUMBAI – Nearly three months after it first submitted a draft registration statement for its proposed listing in the US, Novelis Inc has now filed a registration statement on Form F-1 with the Securities and Exchange Commission.
Chhattisgarh-based Vraj Iron and Steel and Allied Blenders has received capital markets regulator Sebi's go-ahead to raise funds through respective IPOs.
Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an Initial Public Offering (IPO), an update with the markets regulator showed on Tuesday. The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, according to the Draft Red Herring Prospectus (DRHP).
MUMBAI: The PE fund Carlyle has hired about 5 investment banks -Kotak Securities, JP Morgan, Citi, IIFL Securities, HSBC Securities to run the process to list its BPO portfolio Hexaware, said people aware of the development.
A string of accounting frauds unearthed by India’s securities regulator this month poses another risk to the blistering rally in shares of tiny businesses.
A leader in integrated electrical services, Rulka Electricals announced that its initial public offering (IPO) will open on Thursday, May 16 with a price band for the issue fixed at Rs 223 - Rs. 235 per share and a lot size of 600 shares.
Go Digit General Insurance will open its initial public offering (IPO) of equity shares on May 15, 2024, and close on May 17, 2024, with a price band set at Rs 258 to Rs 272 per equity share, each with a face value of Rs 10. The company plans to raise around Rs 2,615 crore from the IPO.
Haldiram, one of the biggest sweets-and-savouries makers in India, may soon attract a Rs 42579 crore offer from a trio that includes the world's biggest private equity (PE) firm. As per a report by Live Mint, Blackstone Inc along with Temasek Holdings Ltd and Bain Capital Lp are planning to acquire a controlling stake in Haldiram Foods International Private Limited.
Slone Infosystems share price made a blockbuster debut on NSE SME today. Slone Infosystems share price opened at ₹118.50, which is 50% higher than the issue price of ₹79.
The initial public offering (IPO) of Jamnagar-based Winsol Engineering has received bumper response from investors with an overall subscription of 460 times on the last day of the bidding process.
TGIF Agribusiness IPO has opened for subscription today (Wednesday, May 8), and will close on Friday, May 10. The issue's price band has been fixed at ₹93 per share. The IPO lot size for TGIF Agribusiness is 1,200 shares.
Mumbai: Aadhar Housing Finance raised ₹898 crore from 61 investors ahead of its IPO on Tuesday. The company offered 2.85 crore shares at ₹315 each. HDFC Mutual Fund, SBI Life Insurance, ICICI Prudential Banking and Financial Funds and Invesco India Contra Fund were among the anchor investors.
Plant-based speciality products company Sanstar Ltd has received Sebi's go-ahead to float an initial public offering, an update with the markets regulator showed on Tuesday.
The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the draft red herring prospectus (DRHP).
Silkflex Polymers IPO: Silkflex Polymers (India) Ltd has launched its initial public offering (IPO) on Tuesday, May 7, to raise over ₹18 crore from the primary markets. The bidding for Silkflex Polymers IPO will remain open till Friday, May 10.
The SME IPO market is on fire and there is no sign of the heatwave ebbing anytime soon. Sample this: The total fundraise in the first four months this year is already half of what was seen in the whole of 2023. Market participants say the number of issues and the overall fund activity this year are set to surpass 2023 levels by a long margin.
Muthoot Finance on Saturday said that its subsidiary, Belstar Microfinance, has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) worth Rs 1300 crore with the Securities and Exchange Board of India (Sebi).
IT and cyber security solutions provider Sattrix Information Security has filed its draft red herring prospectus (DRHP) with the BSE SME for an IPO. The issue is completely a fresh equity sale of 18 lakh shares and through it, the company plans to raise around Rs 20 crore.
SK Finance has filed preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to garner ₹2,200 crore through an initial share sale. The proposed initial public offer (IPO) is a combination of a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to ₹1,700 crore by promoters and investor shareholders, according to the draft red herring prospectus (DRHP) filed by the company.
Aadhar Housing Finance IPO: The Blackstone Group-backed Aadhar Housing Finance is set to launch its initial public offering (IPO) on May 8. The bidding for the offer will conclude on May 10.
Brainbees Solutions, the parent firm of retailer FirstCry, has refiled its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi), days after the markets regulator told the firm to come up with additional clarity on some key performance metrics.
Sai Swami Metals & Alloys IPO has began accepting subscriptions today, Tuesday, April 30, and will end on Friday, May 3. The IPO price band for Sai Swami Metals & Alloys has been set at ₹60 for each equity share with a face value of ₹10. Sai Swami Metals & Alloys IPO lot size consists of 2,000 shares. Applications have to include a minimum of 2,000 equity shares; after that, multiples of 2,000 equity shares will be considered.
Racks & Rollers IPO has opened for subscription today (Tuesday, April 30), and will close on Friday, May 3. The IPO price band has been fixed in the range of ₹73 to ₹78 per equity share of face value of ₹10 each. There are 1,600 shares in each IPO lot. 1,600 equity shares is the minimum application size; beyond that, applications will be accepted in multiples of 1,600 equity shares.
Bricks manufacturer Refractory Shapes will soon be launching its initial public offerings (IPO). The small and medium enterprise (SME) IPO will open for subscription on May 6 and will close on May 9.
Markets regulator Sebi has asked the National Stock Exchange (NSE) to designate a valuer to conduct the valuation of related party transactions between Linde India and Praxair India following complaints by shareholders.
The SME IPO of Sai Swami Metals opened for subscription on Tuesday and will close on May 3. The company aims to raise about Rs 15 crore through the SME IPO and list the shares on the BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
Engineering solutions provider Diffusion Engineers, on April 29, has re-filed draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to launch initial public offerings (IPO).
Indegene IPO price band has been fixed in the range of ₹430 to ₹452 per equity share of the face value of ₹2. The Indegene IPO date of subscription is scheduled for Monday, May 6, and will close on Wednesday, May 8. The allocation to anchor investors for the Indegene IPO is scheduled to take place on Friday, May 3.
To facilitate ease of doing business, markets regulator Sebi on Friday allowed AIFs (alternative investment funds) to pledge their shares in investee companies in the infrastructure sector.
Niche auto components manufacturer Emmforce Autotech on Thursday said its initial public offering received an overwhelming response from the investors as it was subscribed 365 times on the final day of bidding.
Indian retailer FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India's markets regulator raised questions over key metrics it disclosed to investors, said three sources with direct knowledge of the issue.
After NTPC Green’s Rs 10,000 crore initial public offer (IPO) expected around November, almost a dozen more such issues are likely to hit the market over the ensuing months, with state-run energy companies seeking to bolster the capital bases of their newly incorporated green subsidiaries.
Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.
The Securities Exchange Board of India (SEBI) has given the nod to the IPOs of co-working space provider Awfis Space Solutions Ltd and online travel distribution platform TBO Tek Ltd. The companies plan to raise ₹160 crore and ₹400 crore respectively, according to exchange filings.
India's leading conglomerate Tata Group has started preparations for Tata Capital IPO while trying to avoid listing the holding arm Tata Sons, according to an ET Now report.
The Rs 18,000-crore follow-on public offering (FPO) of Vodafone Idea (VIL) has successfully sailed through despite volatile market conditions.
Hyderabad-based Premier Energies Limited, India’s second largest integrated solar cell and solar module manufacturer has filed the draft red herring prospectus (DRHP) with capital markets regulator, SEBI to raise more than Rs 1,500 crore through an initial public offering (IPO).
The primary market is all set to be back in action after a break with opening of four new initial public offerings (IPOs), including one mainboard and three small and medium enterprise (SME) public issues.
Varyaa Creations IPO: The initial public offering (IPO) of Varyaa Creations Limited is going to hit the Indian primary market on 22nd April 2024. The upcoming IPO will remain open till 25th April 2024. This means Varyaa Creations IPO will remain open from Monday to Thursday next week. The jewelry company has fixed Varyaa Creations IPO price at ₹150 per equity share. The fixed price issue is proposed for listing on the BSE SME exchange and shares of the company are trading at par in the grey market today. The jewelry company aims to raise 20.10 crore through the issuance of 13.40 fresh shares of the company.
The National Stock Exchange (NSE) on Thursday, April 18, announced it had received approval from market regulator SEBI for trading in the monthly futures and options (F&O) contracts on the Nifty Next 50 index which will start from Wednesday, April 24.
Yarn manufacturer Sanathan Textiles has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹800 crore through an initial public offering (IPO).
The Securities and Exchange Board of India (Sebi) on Friday proposed a new framework for price discovery of listed investment holding companies (holdcos) to address the gap between their traded price and book value.
Ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.
Vodafone Idea FPO subscription status: Following a muted opening on Thursday, debt-ridden telecom operator Vodafone Idea Ltd was nearly booked halfway by the second day.
The SME IPO of Faalcon Concepts was subscribed 89% on the first day of the bidding process. The issue received bids for 16.5 lakh shares against 18.5 lakh shares on offer.
Speciality chemicals company Kronox Lab Sciences has received Sebi's go
ahead to raise funds through an initial public offering (IPO), an update
with the capital markets regulator showed on Thursday.
The proposed offer comprises a fresh issue of equity shares worth Rs 45
crore and an offer for sale (OFS) of 78 lakh equity shares by promoters,
according to the draft red herring prospectus (DRHP).
The National Stock Exchange (NSE) on Thursday said it will introduce
derivative contracts on Nifty Next 50 index from April 24.
The Nifty Next 50 index represents 50 companies from Nifty 100 after
excluding the Nifty 50 companies.
Heating equipment maker JNK India Ltd on Thursday said it has fixed a price
band of Rs 395-415 per share for its Rs 650-crore initial public offering
(IPO).
The initial share-sale will be open for public subscription during April
23-25 and the bidding for anchor investors will open for a day on April 22,
the company said in a statement.
Shares of telecom service provider Bharti Hexacom hit a new high of Rs 961.40 as they rallied 8 per cent on the BSE in Thursday's intra-day trade. Bharti Hexacom stock has surged 22 per cent in the past two trading days. With the past 2-day rally, the stock price of Bharti Hexacom has zoomed 72 per cent over its issue price of Rs 570. The stock recorded this gain in just four trading sessions.
Heating equipment maker JNK India Ltd is set to open its initial public offering (IPO) on April 23.
The initial share-sale will conclude on April 25 and the bidding for anchor investors will open for a day on April 22, according to the red herring prospectus (RHP) filed on Tuesday.
Debt-ridden telco Vodafone Idea (VI), which has been plagued by losses and subscriber erosion, is coming up with a follow-on public offer (FPO) on April 18.
The shares of DGC Cables and Wires listed on the NSE SME platform with a discount of 10% on Tuesday. The stock debuted at Rs 90 as against an issue price of Rs 100.
Nephro Care India (NCIL), a leading multi-specialty healthcare provider in East India, has filed its draft red herring prospectus (DRHP) papers with NSE Emerge to raise funds through an initial public offering (IPO).
Faalcon Concepts IPO: Faalcon Concepts Ltd is set to launch its initial public offering (IPO) on April 19 to raise a little over ₹12 crore from primary markets. Faalcon Concepts deals with the planning, design, fabrication, and installation of façade systems.
Next week will see the JNK India IPO, which will resume the mainboard IPO scene after a gap of more than a week. The JNK India IPO date is scheduled to open on Tuesday, April 23 and close on Thursday, April 25. The allocation to anchor investors for the JNK India IPO is scheduled to take place on Monday, April 22. The Street awaits the IPO's price band this week.
Carlyle Group Inc. has selected JPMorgan Chase & Co. and Kotak Mahindra Bank to help arrange Hexaware Technologies Ltd.’s planned initial public offering in Mumbai this year, according to people familiar with the matter.
(Bloomberg) -- UL Solutions Inc. shares climbed as much as 23% after the safety testing and inspection company’s expanded initial public offering raised $946 million, as the nascent recovery in listings continues to grow.
Cash-strapped Vodafone Idea's board on Friday approved a resolution for a public offering of its equity shares worth Rs 18,000 crore. A company filing said that the follow-on public offer (FPO) will open on April 18, Thursday and close on April 22, Monday. The anchor investor bid will open on April 16.
Food delivery app Swiggy, which is gearing up for initial public offerings (IPO), is offering high-net-worth individuals (HNIs) to purchase its shares at a 20 per cent markdown from its present valuation, according to a report by Entrackr.
Shares of Creative Graphics Solutions debuted at a premium of 105% on the NSE SME platform on Tuesday. The stock was listed at Rs 175 as against an offer price of Rs 85.
The S&P BSE Sensex, on Tuesday, crossed the 75,000-mark for the first time ever, hitting a new all-time intraday high at 75,124. It took barely four months to rally from 70,000 levels to the 75,000 mark. The last 10,000 points have come in little over nine months.
Aadhar Housing Finance Limited, which is an HFC focused on the low income housing segment in India, has received final observations from SEBI for their proposed IPO.
The Indian stock market’s valuation crossed ₹400 trillion in a historic milestone on Monday, the last ₹100 trillion coming in the shortest duration of a mere nine months, with the country’s bright macroeconomic fundamentals encouraging local and foreign investors to plough more money into equities.
Gurgaon-based healthtech firm Pristyn Care aims for profitability within the next six months and eyes an initial public offering (IPO) within three years.
Capital markets regulator Sebi has approved the IPO of leading affordable housing finance company Aadhar Housing Finance. The company, which aims to raise around Rs 5,000 crore through the offer, had filed its draft papers in February.
The SME IPO of DCG Cables and Wires opened for subscription on Monday and will close on April 10. The company aims to raise about Rs 50 crore through the SME IPO and list the shares on the NSE SME platform.
Indian supermarket chain Vishal Mega Mart Pvt. has picked banks as it presses ahead with a planned initial public offering in Mumbai this year, according to people familiar with the matter.
To facilitate ease of doing business, Sebi has proposed that certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker.
Northern Arc Capital Ltd (NACL) is looking to raise Rs 385 crore of private equity funding ahead of its planned initial public offering (IPO) in the first half of the current financial year (H1FY25).
After a mega IPO of Bharti Hexacom to start the fiscal, the primary market will take a breather next week as no new mainboard IPOs are opening. However, the action continues in the SME segment as three companies gear up to launch their issues.
Teerth Gopicon Ltd, an engineering construction and development company, on Friday fixed the issue price at Rs 111 per share for its initial public offering which will hit the capital market on April 8.
A buoyant market sentiment encouraged a whopping 76 companies to tap into the public markets in the fiscal year 2023-24, the highest in 16 years. Collectively, these companies raised ₹61,915 crore, a near 19% increase over the previous year, according to data from primedatabase.com.
Through an initial stake sale of shares. The firm intends to use the proceeds to pare debt and for its general capital expenditure needs, amongst others.
Securities and Exchange Board of India (SEBI) registered Category I Alternative Investment Fund (AIF) Holani Venture Capital Fund, part of merchant banker and stockbroker Holani Consultants in Jaipur, has launched a Rs 400 crore SME-focused fund with a green shoe option of another Rs 100 crore, the company announced on Thursday.
The National Stock Exchange of India is looking into alleged manipulations in SME market following the comments by the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch a few weeks ago, a senior official said.
Homegrown OTT platform, Ullu Digital Limited, has submitted a draft red herring prospectus (DRHP) to the BSE SME for its upcoming initial public offering (IPO).
The National Stock Exchange (NSE) is awaiting an approval from the Securities and Exchange Board of India (Sebi) for filing a new draft red herring prospects (DRHP) for its long-planned initial public offering, Ashishkumar Chauhan, MD & CEO, told reporters on Thursday.
Mumbai/New Delhi: Vodafone Idea is preparing to raise ₹20,000 crore from the markets through a follow-on public offer (FPO) likely as early as next week, said three people aware of the discussions the cash-strapped company was having with banks.
For the third month running, investors opened over four million new demat accounts in February, showing growing household confidence in stock markets and their increased risk appetite.
Student recruitment solution provider Crizac Ltd has filed preliminary papers with markets regulator Sebi to garner Rs 1,000 crore through an initial public offering.
The National Stock Exchange of India (NSE) has announced a reduction in lot sizes for derivative contracts on three indices: Nifty 50, Nifty Financial Services, and Nifty Midcap Select. These changes will come into effect starting 26 April 2024, with varying implementation timelines for different contract types.
Fundraising via the initial public offering (IPO) route by companies may touch Rs 1 trillion in financial year 2024-25 (FY25), according to a recent note by Pantomath Group — a mid-market investment bank.
MUMBAI - The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8.
ET Intelligence Group: The initial public offering (IPO) of small and medium enterprises (SMEs) have caught the fancy of investors over the past two years given their potential to earn multi-fold returns in short periods. This notwithstanding the fact that the minimum investment required to participate in an SME IPO is Rs 1 lakh, which is steeper than the main board IPOs where the minimum bid size is typically around Rs 15,000.
Shares of Trust Fintech debuted on the NSE SME platform at a premium of 41.8% on Thursday. The stock was listed at Rs 143.25, compared with an offer price of Rs 101. Trust Fintech shares were trading with a GMP of Rs 60 in the unlisted market just prior to the debut.
MUMBAI - Gujarat-based Vasuki Global Industries Ltd has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering of 1.4 crore shares.
Shares of Blue Pebble were quoting at Rs 208.95 on the NSE, a premium of 24.38% compared with the issue price of Rs 168.
One out of five stocks or 110 scrips from the S&P BSE 500 index have more-than-doubled in the financial year 2024 (FY24), while the benchmark indices were set to report their best performance in the past three fiscals. The primary catalyst for the equities rally is the huge liquidity flows into the market.
Shares of Gconnect Logitech and Supply Chain were quoting at Rs 44.10 on the BSE, a premium of 10.25% compared with the issue price of Rs 40. The scrip was listed at Rs 42, a premium of 5% compared with the initial public offer (IPO) price.
The Securities and Exchange Board of India or SEBI has stated that it has been decided to put in place a framework for introduction of the Beta version of T+0 settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers.
Jewellery retail chain P N Gadgil Jewellers Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,100 crore through an initial public offering (IPO) to fund its expansion and pare debt.
Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings.
The two companies filed their preliminary initial public offering (IPO) papers with the capital markets regulator between October and December 2023 and obtained their regulatory observation during March 22-27, an update with the Securities and Exchange Board of India (Sebi) showed on Monday.
Mumbai: Innoviti Technologies, India’s largest payments-centric retail SaaS (software as a service) platform, has successfully raised Rs. 40 crore in the first close of its Series E funding round. The company plans to float in initial public offering in the next 12 months.
The round was led by Bessemer Venture Partners and Patni Family Office, with early angels and founders also participating.
Innoviti is a key player in providing software tools for enterprise brands like Reliance, Tanishq, and Shoppers Stop, enabling secure and efficient payment acceptance.
Supermarket chain Patel Retail has filed its draft red herring prospectus (DRHP) with the market regulator Sebi to raise funds through an IPO.
The public offer, with a face value of Rs 10 per share, is a mix of fresh equity issue of 90.18 lakh and an offer for sale of 10.02 lakh shares by
The company, in consultation with the book-running lead manager, may consider undertaking a further equity issue of up to 5 lakh shares as a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced.
Buoyant secondary markets, strong participation of retail investors, and robust flows from institutional investors helped 76 companies in raising nearly Rs 62,000 crore through mainboard IPOs in 2023-24, marking a 19 per cent surge from the previous fiscal year. With FY2025 on the horizon, expectations are high for yet another stellar year for IPOs (Initial Public Offerings). This optimism is fuelled by a confluence of factors, including the surge in domestic capital, enhanced governance practic the vibrant spirit of Indian entrepreneurship, and favourable government policies bolstered by FDI support, Pantomath Financial Services Group, said in its report.
SYDNEY/MUMBAI -Blackstone is exploring raising $300 million via an India IPO of the International Gemological Institute (IGI), less than a year after it acquired the company, amid booming stock markets in the region, three people familiar with the matter said.
Blackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business's founding Lorie family. IGI has most of its business in India and describes itself as the world's largest independent lab for testing and grading diamonds and other gemstones and jewelry.
Blackstone has appointed investment banks Morgan Stanley and India's Kotak to lead the IPO deal, two sources added.
Buoyant secondary markets, strong participation of retail investors, and robust flows from institutional investors helped 76 companies in raising nearly ₹62,000 crore through mainboard initial public offerings (IPOs) in 2023-24, marking a 19% surge from the previous fiscal year.
The mega public offer of Bharti Hexacom, which opened for subscription, will kick-start the primary market activity in the new fiscal year. The company aims to raise Rs 4,275 crore through the IPO and the anchor book opened later on Tuesday.
Ahead of the issue launch, the company's shares are trading with a premium of Rs 40 in the unlisted market.
The IPO, which closes on April 5, is priced in the range of Rs 542-570 per share and investors can bid for 26 shares in one lot.
Mumbai: Sebi chief Madhabi Puri Buch said on Tuesday that the high price-to-earning multiple in Indian markets reflected global investors’ optimism and trust, while arguing that valuation was a manifestation of the economy’s momentum.
Mumbai: Facing steadily creeping competition from rival BSE, the National Stock Exchange (NSE), India’s market-leading stock exchange, has halved the lot size of its Nifty futures and options contracts to 25 shares with effect from 26 April across weekly, monthly, quarterly and half-yearly expiries.
The move has made its contracts significantly cheaper than the Sensex options contracts, which picked up steam from May last year.
The primary market is all set to kickstart its new financial year 25 with only one new initial public offerings (IPO) i.e. Bharti Hexacom IPO scheduled to open next week.
In the realm of current IPOs, the Radiowalla IPO and TAC Infosec IPO are scheduled to conclude on April 2nd. Meanwhile, bids for the Yash Optics & Lens IPO, Jay Kailash Namkeen IPO, and K2 Infragen IPO, all from the SME segment, will wrap up on April 3rd. The Aluwind Architectural IPO and Creative Graphics Solutions India IPO, also from the SME segment, will close on April 4th.
(Bloomberg) -- After the worst quarter in five years for Asia Pacific initial public offerings, a pick up activity is expected from South Korea, India and Japan while Chinese deals are likely to remain sparse.
New share sales across the region fell to $11 billion between January and March, the lowest tally for a quarter since early 2019, data compiled by Bloomberg show. The amount represents a 46% drop from the same period last year.
The TAC Infosec IPO, which opened for subscription on Wednesday, March 27, will end on Tuesday, April 2. The lot size for the IPO is 1,200 equity shares; buyers may bid for a minimum of 1,200 equity shares. The price band for the issue is ₹100 to ₹106 per share, with a face value of ₹10.
On Tuesday, March 26, TAC Infosec IPO garnered ₹8.55 crore by selling 8.06 lakh equity shares to its anchor investors at a price of ₹106 each. The anchor book was subscribed to by well-known investors, such as Astorne Capital VCC, Zinnia Global Fund PCC - Cell Dewcap Fund, LC Radiance Fund VCC, Beacon Stone Capital VCC - Beacon Stone I, and NAV Capital VCC - NAV Capital Emerging Star Fund.
Markets regulator Sebi on Monday launched the new version of SCORES in a bid to strengthen the investor complaint redressal mechanism by introducing auto-routing of complaints and monitoring such grievances by designated bodies.
Rays Power Infra IPO: The integrated solar power firm Rays Power Infra IPO announced the completion of its Pre-IPO round of ₹54 crores in order to raise funds and increase investor trust. As part of this process, the company intends to refile its Draft Red Herring Prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI).
Rays Power Infra's Managing Director, Ketan Mehta, stated that the company intends to refile its DRHP for a larger fund at a much better valuation, given the recent flood of substantial fresh deals and predicted growth trajectory. To maintain its current development trajectory, the company will keep exploring opportunities for strategic alliances and capital raising.
Supermarket Chain Patel Retail Limited has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).
The IPO, with a face value of ₹10 per equity share, is a mix of fresh issue of shares of up to 90.18 lakh and an offer for sale of up to 10.02 lakh equity shares by Promoter Selling Shareholders.
Radiowalla Network IPO : Subscription for the initial public offering (IPO) of Radiowalla Network Limited opened on 27th March 2024 and will remain open till 2nd April 2024. So, bidding for the NSE SME IPO ends on Tuesday this week. By 2:12 PM on day 3 of bidding, Radiowalla Network IPO subscription status signals a strong response by the primary market investors. Meanwhile, the grey market has remained steady regarding the Radiowalla Network IPO. According to stock market observers, shares of the Ashish Kacholia portfolio company Radiowalla Network Limited are available at a premium of ₹40 in the grey market today.
The primary market is set to witness another exceptional year in FY2024-25 thanks to robust economic growth and increasing hopes for policy continuation. For the third consecutive year, raising funds through initial public offerings (IPOs) would be a buzzing activity on D-Street, as 56 companies get ready to raise ₹70,000 crore, equivalent to $8.4 billion, in FY25. Moreover, 19 companies have already secured the Securities and Exchange Board of India (SEBI) approval to raise a substantial ₹25,000 crore.
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23.
Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number of demat accounts added. It has also seen an increase in market share on a month-on-month basis. On a YoY basis, NSDL lost 380 bps and 920 bps market share in total and incremental demat accounts, respectively, during the month.
Engineering, procurement and construction company K2 Infragen initial public offerings (IPO) opened for subscription on March 28. The small and medium enterprise (SME) public issue was subscribed over 1.44 times on the second day of bidding.
Established in 2015, K2 Infragen Limited specializes in engineering, procurement, and construction (EPC) services. The company specializes in project planning, material procurement, on-site execution, and comprehensive project management, culminating in project commissioning. Our portfolio encompasses a wide range of projects including water supply, railroad infrastructure, road construction, and civil engineering endeavors.
The new financial year 2024-25, which is going to be an event-heavy one with Lok Sabha elections, US elections and two full Budgets, has kicked off on a higher base for equity investors with Sensex and Nifty touching fresh peaks on Day 1 itself. The base effect could, therefore, make FY25 a year of consolidation for stock investors.
"In the current market scenario, investors should look more at largecaps as midcap and smallcap companies are excessively priced. For long-term investors, based on their risk-taking capabilities, they can look at allocating 60-65% in equity, about 25-30% in debt and the balance in commodities," Tanvi Kanchan of Anand Rathi told ETMarkets.
Markets regulator Securities and Exchange Board of India (SEBI) rolled out an upgraded iteration of its complaint redressal system, SEBI Complaint Redress System (SCORES 2.0), on April 1.
“The new version of SCORES strengthens the investor complaint redress mechanism in the securities market by making the process more efficient through auto-routing, auto-escalation, monitoring by the ‘Designated Bodies and reduction of timelines," SEBI said in a release.
Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., filed for an initial public offering, disclosing growing revenue and losses.
The offering is being led by Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc. and Wells Fargo & Co., according to Monday’s filing with the US Securities and Exchange Commission, confirming a Bloomberg News report. The company plans to list its shares on the New York Stock Exchange under the symbol RBRK.
The initial public offering (IPO) market was buzzing with action in FY24, as a large number of medium and small companies rushed to raise money in a booming stock market.
In all, 76 companies raised as much as Rs 61,921 crore – 18.8% higher than FY23. Out of these, only 4 firms raised over Rs 2,000 crore. These included, Mankind Pharma (Rs 4,326 crore), Tata Technologies (Rs 3,043 crore), JSW Infra (Rs 2,800 crore) and public sector firm Ireda (Rs 2,150 crore). Almost 25 companies raised less than Rs 500 crore.
Indian food delivery giant Swiggy recorded a $200 million loss for the nine months to December 2023, according to an internal document of the company, which is looking to list on the stock market.
The SoftBank-backed company could list by the end of this year, sources previously told Reuters. India's stock market is booming although domestic and foreign investors have become more circumspect about IPOs by Indian startups amid concerns of unrealistically high valuations of companies still making losses.
The shares of Pratham EPC Projects listed on the NSE SME platform with a premium of 51% on Monday. The stock debuted at Rs 113.3 as against an issue price of Rs 75.
Ahead of the listing, the shares of Pratham EPC Projects were trading at Rs 25 in the unlisted market.
Ecos (India) Mobility & Hospitality has filed its draft red herring prospectus (DRHP) papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO).
According to the draft papers, the offer comprises an Offer for Sale (OFS) of up to 18,000,000 equity shares (face value Rs 2 each) including up to 9,900,000 equity shares by Rajesh Loomba; and up to 8,100,000 equity shares by Aditya Loomba.
The primary market is witnessing a tremendous surge in activity with high liquidity and enhanced investor appetite for new issue launches irrespective of the market sentiments.
Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected to hit the markets next fiscal with some big names in the mix.
Syngenta Group withdrew its longdelayed application for a $ 9 billion initial public offering in Shanghai, another blow to China´s equity markets after Alibaba Group Holding this week scrapped the listing of its logistics arm. The China seed and pest -icide giant “will look to restart the listing process, either in China or a different global exchange, when the conditions are right,” Syngenta said on Friday in a statement on its website.
Indian mobile phone brand Lava is revisiting its plans to list on Indian stock exchanges with the aim of raising ₹500 crore, and has initiated talks with various investment banks for the public offering, a senior executive said.
The company is also gearing up to enter the wearables market next month with India-made smartwatches under the sub-brand ProWatch.
Equity fundraising through initial public offers (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by Prime Database.
However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year. The Rs 21,008-crore IPO of LIC came in May 2022.
Despite geopolitical risks, rising interest rates, and volatile commodity prices, the Indian capital markets have remained one of the best performing among emerging markets in FY24, the Finance Ministry said in its latest monthly economic review for February 2024, highlighting the growth in capital raised by SMEs and corporates.
From April 2023 to February 2024, 345 companies were listed on stock exchanges. Among these, 179 were SMEs that raised Rs 5,381 crore, hitting a new high while 68 were main board companies (raising Rs 58,745 crore), according to the monthly review.
ब्रोकरेज फर्म आईसीआईसीआई सिक्योरिटीज को बाजार नियामक सेबी से कड़ी चेतावनी मिली है. बाजार नियामक ने कंपनी को शुक्रवार को एडमिनिस्ट्रेटिव वॉर्निंग दी, जिसके बारे में खुद कंपनी ने शेयर बाजारों को अवगत कराया.
सेबी की यह वॉर्निंग आईसीआईसीआई सिक्योरिटीज के बुक व अकाउंट की इंस्पेक्शन के बाद आई है. बाजार नियामक ने आईसीआईसीआई सिक्योरिटीज की मर्चेंट बैंकिंग एक्टिविटीज के सभी बुक्स व रिकॉर्ड्स की इंस्पेक्शन की थी, जो दिसंबर 2023 में पूरी हुई थी. उसके बाद अब नियामक ने एडमिनिस्ट्रेटिव वॉर्निंग दी है.
The regulator's move to relax norms for minimum promoter contribution (MPC) will ease the path for startups seeking to tap the domestic public markets, experts said.
The Securities and Exchange Board of India said last week it will expand the list of eligible investors that can contribute to meeting MPC lock-in requirements without being identified as promoters.
Bhavish Aggarwal-led Ola Electric is close to signing up anchor investors for its initial public offering (IPO), the first in India's electric vehicle space, two people aware of the development said. The maker of S1 series of electric scooters has pitched its state-of-the-art battery technology under development as the USP in its road shows, the people said.
Singapore-based Eastspring, a subsidiary of Prudential Plc, and UK-based Pictet are among investors which have shown interest to be anchor investors, the people cited above said on condition of anonymity.
Capital markets regulator Sebi approved the initial public offering (IPO) of Bharti Airtel's unit Bharti Hexacom along with the issue of Jyoti Structures Ltd.
Bharti Hexacom had filed its draft papers with the regulator earlier in January this year.
The IPO is completely an offer for sale of up to 10 crore shares by Telecommunications Consultants India. Since the issue is an OFS, Bharti Hexacom will not receive any proceeds.
The government is looking to garner around Rs 10,000 crore through the stake sale by Telecommunications Consultants, a state-owned telecom engineering and consulting firm with business interests overseas, including in pan-African and West Asia markets.
India has emerged as a standout performer in the global initial public offering (IPO) market, with its stock exchanges—BSE and the National Stock Exchange (NSE)—securing the top spot worldwide for 2023, according to EY’s Q4 IPO Trends report.
Unicommerce offers solutions to retailers such as Lenskart, Myntra and TCNS. Mint
Unicommerce, a business-to-business e-commerce software-as-a-service platform offering solutions to retailers such as Myntra, Lenskart and TCNS, is exploring several options to raise capital including a public market listing and tapping private equity investors, said Kapil Makhija, chief executive officer of Unicommerce.
“Different options are there on the table, and going public is one. We have not yet made a decision on it. Discussions are happening. We will figure out the right path, the right time, and make an announcement," said Makhija.
“The decision on whether we go with the public market route or a strategic or private funding will depend on different factors. There is no immediate need for funding. Once we put all the options on the table, depending on which is the right fit for our organization, we will take a decision."
Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 1.33 crore equity shares by a promoter and existing shareholders.
Those who will be selling shares in the OFS are Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA.
Also, the company may consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced.
SoftBank Group's Arm is seeking a valuation of more than $52 billion in its initial public offering as the chip designer heads for the biggest stock market flotation of the year.
SoftBank is offering 95.5 million Am0erican depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range, a regulatory filing showed on Tuesday.
Its recent deal to acquire the 25% stake in Arm that it did not already own from its Vision Fund unit had valued the company at $64 billion.
भारत की ग्रॉस डोमेस्टिक प्रोडक्ट यानी GDP ग्रोथ पहली तिमाही (Q1FY24-अप्रैल-जून) में 7.8% रही। इससे अधिक GDP ग्रोथ अप्रैल-जून 2022-23 में 13.1% रही थी।
गुरुवार (31 अगस्त) को सरकार ने यह आंकड़े जारी किए हैं। नेशनल स्टैटिस्टिकल ऑफिस (NSO) के मुताबिक, सर्विसेस और मैन्युफैक्चरिंग के कारण अप्रैल-जून तिमाही में भारत की इकोनॉमी एक साल में सबसे तेज गति से बढ़ी है।
GVA यानी ग्रॉस वैल्यू एडेड पिछली तिमाही (जनवरी-मार्च 2022-23) के 6.5% की तुलना में अप्रैल-जून 2023-24 में 7.8% रहा। वहीं सालाना आधार ( YoY) पर 11.9% की तुलना में यह कम रहा। ब्लूमबर्ग के 44 इकोनॉमिस्ट के सर्वे के अनुसार, पहली तिमाही में GDP ग्रोथ 7.8% रहने का ही अनुमान था, जबकि GVA ग्रोथ 7.7% रहने का अनुमान था।
The Securities & Exchange Board of India ’s plan to roll out norms for follow-on offers by real estate investment trusts ( REITs ) and infrastructure investment trusts ( InvITs ) is expected to provide an additional avenue for fundraising and liquidity to these business trusts.
The move, along with its recent decisions to introduce the concept of self-sponsored REITs and allowing REIT unit holders to
appoint representatives to the boards, will boost retail investors’ confidence and enhance the depth of the market.
“REIT and InvITs act as a platform for institutional and retail investors to diversify their investment portfolio to real estate and infrastructure projects, respectively. Sebi 's move to allow follow-on-offer on both these products will optimise avenues for fundraising and liquidity through a structured and well-governed mechanism
Filings by the hospitals as well as pharmaceutical spaces in 2023 for an initial public offering (IPO) have seen a surge, compared to a slow 2022.
IPOs totalling Rs 6,563 crore have been launched this calendar year so far, with those aggregating Rs 8,775 crore still in the pipeline. Of the total Rs 15,338 crore in 2023 — both launched and expected — Rs 6,087 crore is in the hospitals,
diagnostics, and medical equipment spaces, while Rs 9,252 crore is in the pharma and drugs space.
Among these is Jupiter Life Line Hospitals, which raked in around Rs 123 crore in a pre-IPO placement last week. According to PRIME Database, the issue is worth Rs 1,200 crore.
There were two IPOs in 2022 — both in the hospitals/diagnostics space — raising Rs 3,786 crore. There were none in the pharma/drugs space.
Vadodara-based Shiva Pharmachem , the largest manufacturer of acid and alkyl chlorides by volume in 2022, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for an IPO.
The issue with a face value of Rs 2 each is entirely an offer for sale (OFS) of up to Rs 900 crore by promoter and promoter group selling shareholders.
Under the OFS, Vishal Rakesh Agrawal and Rahul Rakesh Agrawal will offload shares worth Rs 383 crore each, and Geetganga Investment will sell shares up to Rs 134 crore.
The offer is being made through the book-building process, wherein 50% will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for allocation to non-institutional investors and 35% of the offer reserved for allocation to retail investors.
Indian Stock exchanges (BSE and NSE, including SME’s) have ranked first in the world in terms of the number of IPO’s and 8th in terms of issue proceeds during YTD23, with no cross-border deals recorded, according to EY, a leading global professional services organisation.
According to the report, Indian stock exchanges (BSE and NSE, including SMEs) have ranked first in the world in terms of the number of IPOs and 8th in terms of issue proceeds during YTD23, with no cross-border deals recorded.
The main markets, comprising BSE and NSE, saw 6 IPOs in Q22023, including a fund raiser by an infrastructure investment trust, compared to 14 IPOs in Q2 2022 and 4 IPOs in Q12023.
After strong demand for four smaller public issues in July, about 8-10 initial public offerings (IPOs) are lined up to raise nearly ₹8,000 crore in August, according to investment bankers.
Companies such as SBFC Finance, Concord Biotech, Jupiter LifeLine Hospitals, TVS Supply Chain Solutions , Balaji Speciality Chemicals, Yatra Online, Innova Captab , Aeroflex Industries, Rishabh Instruments, and Vishnu Prakash R Punglia are likely to launch their maiden public issue this month.
The ₹1,551 crore public issue of Ahmedabad-based pharmaceutical firm Concord Biotech will open today for public subscription, while the ₹1,025 crore Mumbai-based non-banking finance company SBFC Finance public issue opened on Wednesday.
The mood in the primary market is better now with a strong secondary market, according to bankers.
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