News

India`s HDB Financial, a unit of HDFC Bank, files for $1.5 billion IPO India's HDB Financial Services, the non-banking lending unit of HDFC Bank, has filed for an initial public offering of up to 125 billion rupees ($1.49 billion), in line with its parent's announcement earlier this month. HDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to 100 billion rupees, while HDB Financial will issue fresh shares worth up to 25 billion rupees, according to draft papers filed late on Wednesday. HDB Financial said it would use its ...
India`s HDB Financial, a unit of HDFC Bank, files for $1.5 billion IPO
India`s HDB Financial, a unit of HDFC Bank, files for $1.5 billion IPO
Source: Reuters
2024-10-31 09:13:08 am
India`s Swiggy prices $1.35 billion IPO at 371-390 rupees apiece Indian food delivery giant Swiggy has set a price band of 371 rupees to 390 rupees per share for its $1.35 billion domestic initial public offering (IPO), a newspaper advertisement showed on Wednesday. Swiggy's IPO will be the country's second-biggest stock offering this year, behind carmaker Hyundai India's $3.3 billion IPO earlier this month. ($1 = 84.0660 Indian rupees)
India`s Swiggy prices $1.35 billion IPO at 371-390 rupees apiece
India`s Swiggy prices $1.35 billion IPO at 371-390 rupees apiece
Source: Reuters
2024-10-30 09:03:56 am
Indian real estate sector raises Rs 13,500 crore via IPOs in 2024 to date The real estate sector in India raised nearly Rs 13,500 crore via initial public offerings (IPOs) from the markets this year to date, almost double the amount raised in 2023, according to a report on Tuesday.  With 123 fresh issues (As of October 20) across multiple sectors, 2024 has already surpassed the total number of IPOs witnessed in 2023, according to a report by Colliers India. Since 2021, the bourses have witnessed 21 real estate IPOs, significantly higher than the 11 listi...
Indian real estate sector raises Rs 13,500 crore via IPOs in 2024 to date
Indian real estate sector raises Rs 13,500 crore via IPOs in 2024 to date
Source: IANS
2024-10-29 11:19:02 am
India outpaces US in IPO listing with 36 pc global share in July-Sep period India dominated the global IPO landscape with 36 per cent share of total listings in the third quarter of 2024, outpacing the US at 13 per cent share, a report showed on Tuesday.  The market's stellar performance is further demonstrated by IPO returns of 65.3 per cent year-to-date, substantially outperforming the BSE Sensex's 14.9 per cent return, according to the report by EY India. In the third quarter of 2024, the Indian main market saw 27 IPOs, compared to 13 in the las...
India outpaces US in IPO listing with 36 pc global share in July-Sep period
India outpaces US in IPO listing with 36 pc global share in July-Sep period
Source: IANS
2024-10-29 10:39:55 am
NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, on Monday said it has received approval from the Securities and Exchange Board of India (SEBI) to raise Rs 10,000 crore through an initial public offering (IPO).  The IPO with a face value of Rs 10 per equity share is a fresh issue of equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation ...
NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod
NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod
Source: IANS
2024-10-29 09:29:00 am
Swiggy likely to price $1.4 billion IPO at 371-390 rupees/share, sources say Indian food delivery giant Swiggy will likely price its $1.4 billion initial public offering at 371-390 rupees per share, sources with direct knowledge of the matter told Reuters on Monday. Swiggy has in recent weeks cut its internal valuations goal twice by a combined 25% due to volatility in the markets. It was initially looking at a valuation of as much as $15 billion, but following those cuts it is now targeting $11.3 billion. Swiggy did not respond to a Reuters request for comment....
Swiggy likely to price $1.4 billion IPO at 371-390 rupees/share, sources say
Swiggy likely to price $1.4 billion IPO at 371-390 rupees/share, sources say
Source: Reuters
2024-10-29 09:11:57 am
United Heat Transfer Limited successfully closes IPO, securing a subscription of Rs. 1,677.5 crores United Heat Transfer Limited (UHTL), a leading manufacturer of advanced heat exchanger equipment, announced the successful closing of its initial public offering (IPO), which was oversubscribed by 77+ times. The offering attracted remarkable investor interest, generating a total gross demand of Rs.1677.5 Crores. The IPO offered 50,84,000 shares with a face value of Rs.10 each, available to eligible investors. The IPO was in strong demand across all segments, with the retail tranche subscri...
United Heat Transfer Limited successfully closes IPO, securing a subscription of Rs. 1,677.5 crores
United Heat Transfer Limited successfully closes IPO, securing a subscription of Rs. 1,677.5 crores
Source: PR Agency
2024-10-26 04:02:01 pm
Godavari Biorefineries coming with IPO to raise Rs 572 crore Godavari Biorefineries   Godavari Biorefineries is coming out with a 100% book building; initial public offering (IPO) of 1,62,57,521 shares of Rs 10 each in a price band Rs 334-352 per equity share. Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail investors. The issue will...
Godavari Biorefineries coming with IPO to raise Rs 572 crore
Godavari Biorefineries coming with IPO to raise Rs 572 crore
Source: Accord Fintech
2024-10-23 05:01:34 pm
Niva Bupa gets SEBI nod for Rs 3,000 crore IPO Niva Bupa Health Insurance on Monday said it has received final approval from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 3,000 crore through an initial public offering (IPO).  Private equity (PE) firm True North-led company (erstwhile Max Bupa), had filed its IPO papers with SEBI on June 29. According to the company, the IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale (OFS) of up...
Niva Bupa gets SEBI nod for Rs 3,000 crore IPO
Niva Bupa gets SEBI nod for Rs 3,000 crore IPO
Source: IANS
2024-10-21 04:39:37 pm
OBSC Perfection coming with IPO to raise Rs 66.02 crore OBSC Perfection   OBSC Perfection is coming out with an initial public offering (IPO) of 66,02,400 equity shares in a price band Rs 95-100 per equity share. The issue will open on October 22, 2024 and will close on October 24, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 9.50 times of its face value on the lower side and 10.00 times on the higher side. Book running lead manager to the issue is Unistone Capital...
OBSC Perfection coming with IPO to raise Rs 66.02 crore
OBSC Perfection coming with IPO to raise Rs 66.02 crore
Source: Accord Fintech
2024-10-21 02:30:19 pm
IPO Note : Waaree Energies Ltd by Nirmal Bang Ltd BACKGROUND Waaree Energies Ltd. is India's largest solar PV module manufacturer, with an installed capacity of 12 GW as of June 30, 2024. Founded in 2007, the company focuses on sustainable energy solutions and has rapidly expanded its production capacity. Waaree offers a wide range of solar modules, including advanced technologies like TopCon and Mono PERC. Waaree has a strong export presence, with international sales representing 57.64% of revenue in Fiscal 2024. As of June 2024, the...
IPO Note : Waaree Energies Ltd by Nirmal Bang Ltd
IPO Note : Waaree Energies Ltd by Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-10-21 10:49:46 am
Upcoming IPOs: 9 new public issues including Waaree Energies, 3 new listings scheduled for next week The Indian equity market witnessed a sharp fall in recent weeks but the IPO market sees strong buzz due to new listings and public issues.  In the next week (October 21 to 25), nine Initial Public Offerings (IPOs) worth Rs 10,985 crore will open for retail investors. During this period, there will be a listing of three public issues including Hyundai Motor. Waaree Energies IPO will be the first IPO to open for subscription next week on October 21, with a price band of Rs 1,427-1...
Upcoming IPOs: 9 new public issues including Waaree Energies, 3 new listings scheduled for next week
Upcoming IPOs: 9 new public issues including Waaree Energies, 3 new listings scheduled for next week
Source: IANS
2024-10-20 04:38:01 pm
HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial`s upcoming IPO Leading private lender HDFC Bank on Saturday announced to sell equity shares worth Rs 10,000 crore via an offer for sale (OFS) in the upcoming initial public offering (IPO) of its subsidiary HDB Financial Services Ltd.  The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing. “The Board of Directors of the bank approved the offer for sale (OFS) of such number of equity s...
HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial`s upcoming IPO
HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial`s upcoming IPO
Source: IANS
2024-10-20 09:27:42 am
India`s primary market on remarkable growth trajectory fuelled by IPO surge India’s primary market is on a remarkable growth trajectory, fuelled by a wave of investor interest and a surge in initial public offering (IPO) activity, experts said on Saturday.  The month of September was quite busy, with 15 draft red herring prospectus (DRHP) filings submitted on just one day — the final day of last month — making it one of the most active periods for IPOs in over 14 years. “So far in 2024, we’ve seen 63 initial public offerings, ...
India`s primary market on remarkable growth trajectory fuelled by IPO surge
India`s primary market on remarkable growth trajectory fuelled by IPO surge
Source: IANS
2024-10-19 12:02:49 pm
IPO Note : Waaree Energies Ltd By ARETE Securities Ltd Founded in 1990, Waaree Energies Limited (WEL) is India's largest solar module manufacturer and exporter. Between FY20 and FY24, its installed capacity surged 6x, reaching 13.3GW (up from 2GW in FY21), giving WEL a dominant 21% share of the domestic market and an impressive 44% share of India's solar module exports. WEL is currently establishing an 11.4GW integrated manufacturing facility, which includes a 5.4GW solar cell unit expected to be operational by FY25, and a 6GW fully integ...
IPO Note : Waaree Energies Ltd By ARETE Securities Ltd
IPO Note : Waaree Energies Ltd By ARETE Securities Ltd
Source: ARETE Securities Ltd
2024-10-18 06:10:59 pm
Hyundai Motor India's record $3.3 billion IPO fully subscribed on final day of bidding A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades. As companies rush to go public after a sharp run-up in the Indian equities market this year, Hyundai Motor's first listing outside South Korea ranks as India's biggest ever and the world's second-largest IPO in 2024. Subscription on the final ...
Hyundai Motor India's record $3.3 billion IPO fully subscribed on final day of bidding
Hyundai Motor India's record $3.3 billion IPO fully subscribed on final day of bidding
Source: Reuters
2024-10-17 01:55:34 pm
19 of top 30 IPOs by size fail to generate excess returns Nineteen out of the top 30 IPOs by size have failed to generate excess returns when compared to the returns from the CNX500 index, according to a report.   Capitalmind Financial Services, a wealth management firm, said in a report that 8 of the 30 have delivered negative returns, including Reliance Power, the most high-profile, which was also the largest at the time. Only two of the top 10 have generated returns greater than the CNX500. Coal India just about doubled in price ove...
19 of top 30 IPOs by size fail to generate excess returns
19 of top 30 IPOs by size fail to generate excess returns
Source: IANS
2024-10-16 01:54:20 pm
IPO Note : Hyundai Motor India Ltd By Geojit Financial Services Ltd A Future KEY CHANGES -Ready Auto Player with Strong Parentage : TARGET Hyundai Motor India Ltd. (HMIL), established in 1996, is a wholly owned subsidiary of Hyundai Motor Company (HMC) and the second largest automobile manufacturer in Indian passenger vehicles (~15% market share FY24). HMIL manufactures and sells four-wheeler passenger vehicles. HMIL’s portfolio includes 13 models across various segments along with EVs (electric vehicles) and sold nearly 12 million passenger vehicles...
IPO Note : Hyundai Motor India Ltd By Geojit Financial Services Ltd
IPO Note : Hyundai Motor India Ltd By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-10-15 04:57:02 pm
Freshara Agro Exports coming with IPO to raise Rs 75.39 crore Freshara Agro Exports   Freshara Agro Exports is coming out with an initial public offering (IPO) of 64,99,200 equity shares in a price band Rs 110-116 per equity share. The issue will open on October 17, 2024 and will close on October 21, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 11.00 times of its face value on the lower side and 11.60 times on the higher side. Book running lead manager to the issue is GY...
Freshara Agro Exports coming with IPO to raise Rs 75.39 crore
Freshara Agro Exports coming with IPO to raise Rs 75.39 crore
Source: Accord Fintech
2024-10-15 02:56:23 pm
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO Hyundai Motor India on Monday said it has raised Rs 8,315.28 crore from 225 anchor investor at Rs 1,960 per share (the upper end of the price band), a day before its public issue opening.  It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors). Global institutional investors like Government of Singapore, New World Fund Inc, Monetary Authority of Singapore, Fidelity, Government Pension Fund Global, and American...
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO
Source: IANS
2024-10-15 10:35:06 am
Hyundai India starts $3.3 billion IPO in country's largest ever share sale Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest ever share offering and world's second biggest IPO in 2024. The IPO shows that India's red hot capital markets show no sign of cooling, with 260 companies having raised more than $9 billion so far in 2024, according to LSEG data. The year-to-date volume has already surpassed the $7.42 billion t...
Hyundai India starts $3.3 billion IPO in country's largest ever share sale
Hyundai India starts $3.3 billion IPO in country's largest ever share sale
Source: Reuters
2024-10-14 09:05:30 am
Hyundai to use $3 billion record India IPO proceeds for new cars, R&D Hyundai Motor plans to use proceeds from a $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets. Asked how the IPO proceeds would be used, Unsoo Kim, managing director of Hyundai's Indian unit, said the automaker will "invest aggressively in new products, future technology and research and development capabilities of the India unit". Hyundai is d...
Hyundai to use $3 billion record India IPO proceeds for new cars, R&D
Hyundai to use $3 billion record India IPO proceeds for new cars, R&D
Source: Reuters
2024-10-09 02:56:28 pm
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO Hyundai Motor said on Tuesday it has decided to sell a 17.5 per cent share in its Indian subsidiary for the initial public offering (IPO) it plans for this year.  The South Korean automaker said in a regulatory filing it will sell 142.19 million shares in Hyundai Motor India, bringing its share down to 82.5 percent. Hyundai has not specified the exact date and the range for the IPO pricing, but it seeks to go public within this year with an aim to raise up to 4 trillion won ($2.96 ...
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO
Source: IANS
2024-10-09 09:53:12 am
Hyundai to launch $3 billion India IPO next week at 1,865-1,960 rupees per share, sources say  Hyundai Motor India's IPO will open next week for subscriptions and will likely be priced in the range of 1,865 to 1,960 rupees ($22 to $23) per share, sources said on Tuesday, valuing the automaker at up to $19 billion in the country's biggest stock offering this year. The India IPO will be Hyundai's first stock market listing outside South Korea. In India, it will also mark the first carmaker to go public in two decades since Maruti Suzuki in 2003, and comes just after ...
Hyundai to launch $3 billion India IPO next week at 1,865-1,960 rupees per share, sources say
Hyundai to launch $3 billion India IPO next week at 1,865-1,960 rupees per share, sources say
Source: Reuters
2024-10-08 03:37:35 pm
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS The Securities Exchange Board of India (SEBI) has cleared the initial public offering (IPO) of India's largest depository, the National Securities Depository Ltd (NSDL).  The market watchdog issued an observation on Sept 30, for the company's public offering. In SEBI's parlance, obtaining the observation letter means its go-ahead to float the public issue. The issue of the Mumbai-based securities depository will consist only of an offer for sale component. According ...
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
Source: IANS
2024-10-08 01:54:33 pm
Garuda Construction and Engineering coming with IPO to raise Rs 264 crore Garuda Construction and Engineering   Garuda Construction and Engineering is coming out with a 100% book building; initial public offering (IPO) of 2,78,00,000 shares of Rs 5 each in a price band Rs 92-95 per equity share. Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail inve...
Garuda Construction and Engineering coming with IPO to raise Rs 264 crore
Garuda Construction and Engineering coming with IPO to raise Rs 264 crore
Source: Accord Fintech
2024-10-07 12:31:08 pm
Hyundai Motor India may launch $3 bn IPO on October 14 Hyundai Motor India is likely to launch a $3 billion (about Rs 25,000 crore) Initial Public Offering (IPO) on October 14, according to a report. It would be the largest IPO of India after LIC, which was around Rs 21,000 crore. According to several media reports, Hyundai has given final consent for opening the IPO subscription from October 14 to 16. The report further said that barring any unexpected changes in the market due to the conflict between Iran and Israel in the Middle East,...
Hyundai Motor India may launch $3 bn IPO on October 14
Hyundai Motor India may launch $3 bn IPO on October 14
Source: IANS
2024-10-04 01:46:06 pm
Buy Gold Dec @ 76100 SL 75850 TGT 76400-76600. MCX - Kedia Advisory Gold Observations Gold trading range for the day is 75615-76685. Gold fell after bets fade that the Fed will continue slashing interest rates aggressively. The downside is limited amid safe-haven flows into Gold due to the fear of an escalation of the conflict in Middle East. The U.S. central bank's fight to return inflation to its 2% target may take longer than expected to complete. The dollar climbed, after Japanese Prime Minister Ishiba said the country is not in an e...
Buy Gold Dec @ 76100 SL 75850 TGT 76400-76600. MCX - Kedia Advisory
Buy Gold Dec @ 76100 SL 75850 TGT 76400-76600. MCX - Kedia Advisory
Source: Kedia Advisory
2024-10-04 09:20:48 am
Khyati Global Ventures coming with IPO to raise Rs 18.30 crore Khyati Global Ventures   Khyati Global Ventures is coming out with an initial public offering (IPO) of 18,48,000 equity of face value of Rs 10 each for cash at a fixed price of Rs 99 per equity share.  The issue will open on October 04, 2024 and will close on October 08, 2024. The shares will be listed on SME Platform of BSE.  The share is priced 9.90 times higher to its face value of Rs 10. Book running lead manager to the issue is Aryaman Financial Services. ...
Khyati Global Ventures coming with IPO to raise Rs 18.30 crore
Khyati Global Ventures coming with IPO to raise Rs 18.30 crore
Source: Accord Fintech
2024-10-03 02:42:36 pm
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc The India equity capital markets hit a record high and raised $49.2 billion in the first nine months this year (January-September period) -- a massive 115 per cent growth compared to a year ago -- surpassing the annual record set in 2020 by proceeds, a report showed on Thursday.  The number of equity capital market offerings also saw a 61 per cent increase year-on-year, according the report by LSEG, a global financial markets infrastructure and data provider. Initial public offerin...
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Source: IANS
2024-10-03 09:47:17 am
India IPO boom: 15 companies submit draft documents in just 1 day As Indian stock markets continue to show robust growth despite global uncertainties, a record 15 companies registered their initial public offering (IPO) documents with the Securities and Exchange Board of India (SEBI) on the last day of September.  This took the total filings for the month to 41 which is the highest-ever IPO document filing in a single month. According to market watchers, the surge in draft red herring prospectus (DRHP) filings happened as audited financials for t...
India IPO boom: 15 companies submit draft documents in just 1 day
India IPO boom: 15 companies submit draft documents in just 1 day
Source: IANS
2024-10-02 03:23:25 pm
IPO market buzz continues next week with 3 new public issues India's primary market continues to boom, with three SME IPOs set to launch next week from September 30, and the market will see several main board IPO listings like KRN Heat Exchanges, which received massive subscriptions of over 200 times. NeoPolitan Pizza & Foods SME IPO will open for retail investors from September 30 to October 4. Under this IPO, the company plans to raise capital of Rs 12 crore. This entire IPO will be a fresh issue, in which 60 lakh new shares will be is...
IPO market buzz continues next week with 3 new public issues
IPO market buzz continues next week with 3 new public issues
Source: IANS
2024-09-29 05:34:54 pm
FPIs infuse over Rs 1.71 lakh crore in India this year to date, IPOs surge: Centre  Foreign portfolio investments (FPIs) in India reached Rs 3,39,066 crore in the fiscal year 2023-24, underlining the resilience and attractiveness of the country’s financial landscape. In the current fiscal, FPIs have pumped in Rs 1,71,248 crore (year-to-date), according to the government.  As per NSDL data, foreign portfolio investors injected Rs 48,822 crore into Indian equities this month (till September 26). They have continued their inflows in the market buoyed by the ...
FPIs infuse over Rs 1.71 lakh crore in India this year to date, IPOs surge: Centre
FPIs infuse over Rs 1.71 lakh crore in India this year to date, IPOs surge: Centre
Source: IANS
2024-09-28 10:02:27 am
Paramount Dye Tec coming with IPO to raise Rs 28.43 crore Paramount Dye Tec   Paramount Dye Tec is coming out with an initial public offering (IPO) of 24,30,000 equity shares in a price band Rs 111-117 per equity share. The issue will open on September 30, 2024 and will close on October 03, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 11.10 times of its face value on the lower side and 11.70 times on the higher side. Book running lead manager to the issue is Gretex C...
Paramount Dye Tec coming with IPO to raise Rs 28.43 crore
Paramount Dye Tec coming with IPO to raise Rs 28.43 crore
Source: Accord Fintech
2024-09-27 01:58:23 pm
Swiggy files for $1.25 billion IPO in India's booming stock market SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India's biggest listings this year. Swiggy is selling shares worth 37.5 billion rupees ($448.56 million), while existing shareholders including Prosus, Accel India and Tencent Europe will sell about 185.3 million shares, the company said in its draft prospectus. The Bengalur...
Swiggy files for $1.25 billion IPO in India's booming stock market
Swiggy files for $1.25 billion IPO in India's booming stock market
Source: Reuters
2024-09-27 08:24:44 am
Saj Hotels coming with IPO to raise Rs 27.63 crore Saj Hotels   Saj Hotels is coming out with an initial public offering (IPO) of 42,50,000 equity of face value of Rs 10 each for cash at a fixed price of Rs 65 per equity share. The issue will open on September 27, 2024 and will close on October 01, 2024. The shares will be listed on SME Platform of NSE. The share is priced 6.50 times higher to its face value of Rs 10. Book running lead manager to the issue is Corpwis Advisors. Compliance Officer for the issue is Harsha...
Saj Hotels coming with IPO to raise Rs 27.63 crore
Saj Hotels coming with IPO to raise Rs 27.63 crore
Source: Accord Fintech
2024-09-26 02:13:04 pm
Sahasra Electronic Solutions coming with IPO to raise Rs 186.16 crore Sahasra Electronic Solutions   Sahasra Electronic Solutions is coming out with an initial public offering (IPO) of 65,78,000 equity shares in a price band Rs 269-283 per equity share. The issue will open on September 26, 2024 and will close on September 30, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 26.90 times of its face value on the lower side and 28.30 times on the higher side. Book running lead manager ...
Sahasra Electronic Solutions coming with IPO to raise Rs 186.16 crore
Sahasra Electronic Solutions coming with IPO to raise Rs 186.16 crore
Source: Accord Fintech
2024-09-25 12:47:18 pm
Unilex Colours and Chemicals coming with IPO to raise Rs 31.32 crore Unilex Colours and Chemicals   Unilex Colours and Chemicals is coming out with an initial public offering (IPO) of 36,00,000 equity shares in a price band Rs 82-87 per equity share. The issue will open on September 25, 2024 and will close on September 27, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 8.20 times of its face value on the lower side and 8.70 times on the higher side. Book running lead manager to t...
Unilex Colours and Chemicals coming with IPO to raise Rs 31.32 crore
Unilex Colours and Chemicals coming with IPO to raise Rs 31.32 crore
Source: Accord Fintech
2024-09-24 02:19:49 pm
September set to be busiest month for IPOs in 14 years: RBI As Indian stock markets remain resilient amid global challenges, September is set to be the busiest month for initial public offerings (IPOs) in 14 years, with over 28 companies entering the market so far, according to the Reserve Bank of India (RBI).  Financial markets are undergoing shifts. In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) IPOs, including from domestic mutual funds, with massive oversubscriptions. About 54 per cent ...
September set to be busiest month for IPOs in 14 years: RBI
September set to be busiest month for IPOs in 14 years: RBI
Source: IANS
2024-09-22 09:25:46 am
IPO Note : Manba Finance Ltd by Nirmal Bang Ltd Manba Finance is a Mumbai based NBFC with a focus on new two wheeler (2W), three wheeler (3W), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans with an AUM size of Rs. 937 Cr as on March 31, 2024. About 87% of the loan portfolio comprises of 2W with presence across 1,100 dealers. Manba intends to deliver robust growth by expanding into new states and also focus on leveraging its existing network to further penetrate the market wi...
IPO Note : Manba Finance Ltd by Nirmal Bang Ltd
IPO Note : Manba Finance Ltd by Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-09-20 03:29:15 pm
Bike WoGreenTech coming with IPO to raise Rs 24.09 crore BikeWo GreenTech   BikeWo GreenTech is coming out with an initial public offering (IPO) of 38,86,000 equity shares in a price band Rs 59-62 per equity share. The issue will open on September 20, 2024 and will close on September 24, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 5.90 times of its face value on the lower side and 6.20 times on the higher side. Book running lead manager to the issue is Khandwala Se...
Bike WoGreenTech coming with IPO to raise Rs 24.09 crore
Bike WoGreenTech coming with IPO to raise Rs 24.09 crore
Source: Accord Fintech
2024-09-18 03:52:31 pm
IPO market boom: India held highest share globally in first half of 2024 India's equity market witnessed highest Initial Public Offerings (IPO) globally due to strong domestic inflow in the market, according to a report.   Wealth management firm Angel One Wealth said, "In the first half of 2024, more than 5,450 companies have been listed across the world, in which India's share was about 25 per cent." "Last year also a large number of IPO listings were seen in India. The reason for this was the high inflow by domestic investors in...
IPO market boom: India held highest share globally in first half of 2024
IPO market boom: India held highest share globally in first half of 2024
Source: IANS
2024-09-18 12:27:36 pm
Quote on Bajaj Housing Finance IPO by Nipun Lodha, Director - Corporate Finance, PL Investment Banking PL Capital - Prabhudas Lilladher Below the Quote on Bajaj Housing Finance by Nipun Lodha, Director - Corporate Finance, PL Investment Banking  PL Capital - Prabhudas Lilladher   Bajaj Housing Finance has experienced a remarkable growth rate of 30-32% CAGR over the past year. It holds the largest share in the prime housing segment, accounting for over 20%. Additionally, it enjoys an 85% share of the salaried employees' loan portfolio. Looking ahead, Bajaj Housing Finance anticipates maintaining a simi...
Quote on Bajaj Housing Finance IPO by Nipun Lodha, Director - Corporate Finance, PL Investment Banking PL Capital - Prabhudas Lilladher
Quote on Bajaj Housing Finance IPO by Nipun Lodha, Director - Corporate Finance, PL Investment Banking PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-09-17 11:45:57 am
Envirotech Systems coming with IPO to raise Rs 30.24 crore Envirotech Systems  * Envirotech Systems is coming out with an initial public offering (IPO) of 54,00,000 equity shares in a price band Rs 53-56 per equity share. * The issue will open on September 13, 2024 and will close on September 18, 2024. * The shares will be listed on SME Platform of NSE. * The face value of the share is Rs 10 and is priced 5.30 times of its face value on the lower side and 5.60 times on the higher side. * Book running lead manager to the issue is S...
Envirotech Systems coming with IPO to raise Rs 30.24 crore
Envirotech Systems coming with IPO to raise Rs 30.24 crore
Source: Accord Fintech
2024-09-12 03:26:08 pm
Rupee strengthens against US dollar on Thursday Indian rupee strengthened against the US dollar on Thursday, tracking firm domestic equities, foreign fund inflows and an active intervention by the Reserve Bank of India (RBI). Foreign Institutional Investors were net buyers in the capital markets on Wednesday, as they purchased shares worth Rs 1,755.00 crore, exchange data showed. Meanwhile, a bigger than expected increase in core US inflation strongly indicated a quarter-point rate cut in the upcoming week. However, some gains were limited...
Rupee strengthens against US dollar on Thursday
Rupee strengthens against US dollar on Thursday
Source: Accord Fintech
2024-09-12 01:43:46 pm
Sodhani Academy of Fintech Enablers coming with IPO to raise Rs 6.12 crore Sodhani Academy of Fintech Enablers * Sodhani Academy of Fintech Enablers is coming out with an initial public offering (IPO) of 15,30,000 equity of face value of Rs 10 each for cash at a fixed price of Rs 40 per equity share. * The issue will open on September 12, 2024 and will close on September 17, 2024. * The shares will be listed on SME Platform of BSE. * The share is priced 4 times higher to its face value of Rs 10. * Book running lead manager to the issue is Srujan Alpha...
Sodhani Academy of Fintech Enablers coming with IPO to raise Rs 6.12 crore
Sodhani Academy of Fintech Enablers coming with IPO to raise Rs 6.12 crore
Source: Accord Fintech
2024-09-11 02:52:04 pm
Indian electric two wheeler-maker Ather Energy files for $370 million IPO Indian electric two-wheeler maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric went public. Hero MotoCorp-backed Ather is India's fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather is sellin...
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Source: Reuters
2024-09-09 12:54:41 pm
Bajaj Housing Finance's $782 million IPO fully subscribed in busy week for Indian floats Bajaj Housing Finance's $782 million public offer was fully subscribed on the first day of bidding on Monday, kicking off the busiest week for Indian IPOs so far this year as companies seek to capitalise on a booming stock market amid a retail investor frenzy. India's stock market has hit record highs over 50 times this year and has seen about 200 companies raise more than $7 billion through IPOs, including high-profile offerings from EV-maker Ola Electric Mobility and telecom oper...
Bajaj Housing Finance's $782 million IPO fully subscribed in busy week for Indian floats
Bajaj Housing Finance's $782 million IPO fully subscribed in busy week for Indian floats
Source: Reuters
2024-09-09 10:57:28 am