News

C2C Advanced Systems coming with IPO to raise Rs 99.07 crore C2C Advanced Systems   C2C Advanced Systems is coming out with an initial public offering (IPO) of 43,83,600 equity shares in a price band Rs 214-226 per equity share. The issue will open on November 22, 2024 and will close on November 26, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 21.4 times of its face value on the lower side and 22.6 times on the higher side. Book running lead managers to the issue are Ma...
C2C Advanced Systems coming with IPO to raise Rs 99.07 crore
C2C Advanced Systems coming with IPO to raise Rs 99.07 crore
Source: Accord Fintech
2024-11-21 12:44:45 pm
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO Indian coffee chain Blue Tokai is aiming for a nearly three-fold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday. Coffee culture is growing briskly in India, with the affluent in bigger cities increasingly working and holding meetings in cafes. To cash in on India's fast-growing $300 million speciality tea and coffee cafe market, Blue Tokai plans to operate about 350 cafes within the next three years in cities including Hyde...
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Source: Reuters
2024-11-19 02:47:27 pm
NTPC Green Energy coming with IPO to raise upto Rs 10599 crore NTPC Green Energy   NTPC Green Energy is coming out with a 100% book building; initial public offering (IPO) of 98,14,02,869 shares of Rs 10 each in a price band Rs 102-108 per equity share. Not more than 75% 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 10% for the retail investors. The issue will open for...
NTPC Green Energy coming with IPO to raise upto Rs 10599 crore
NTPC Green Energy coming with IPO to raise upto Rs 10599 crore
Source: Accord Fintech
2024-11-18 02:27:53 pm
IPO Note : NTPC Green Energy Ltd By ARETE Securities Ltd NTPC Green Energy Ltd. (NGEL), a wholly owned subsidiary of NTPC, is planning an IPO to raise up to INR 10,000 Crs. As of FY24, NGEL's operational capacity stands at 3.3 GW, with a target to expand to approximately 19 GW by FY27 and 60 GW by 2032. The company's renewable portfolio includes both solar and wind power assets spread across multiple locations in over six states. As of September 2024, NTPC Green's operational capacity reached 3,220 MW in solar projects and 100 MW in win...
IPO Note : NTPC Green Energy Ltd By ARETE Securities Ltd
IPO Note : NTPC Green Energy Ltd By ARETE Securities Ltd
Source: ARETE Securities Ltd
2024-11-18 11:15:16 am
Lamosaic India coming with IPO to raise Rs 61.20 crore Lamosaic India   Lamosaic India is coming out with an initial public offering (IPO) of 30,60,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 200 per equity share. The issue will open on November 21, 2024 and will close on November 26, 2024. The shares will be listed on SME Platform of NSE. The share is priced 20 times higher to its face value of Rs 10.  Book running lead manager to the issue is Inventure Merchant Banker Services. Comp...
Lamosaic India coming with IPO to raise Rs 61.20 crore
Lamosaic India coming with IPO to raise Rs 61.20 crore
Source: Accord Fintech
2024-11-14 04:11:48 pm
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.  On Wednesday, the stock closed in red at Rs 1,745 apiece, owing to poor performance of the automaker in the second quarter of FY25. At closing, Hyundai Motor India shares were down 3.37 per cent. The shares of Hyundai Motor India, one of the country's leading automobile companies, have continued to decline since its listing. The listing of Hyundai Motor In...
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Source: IANS
2024-11-13 06:24:09 pm
Swiggy IPO: Early trading volatility reveals investor caution amid persistent losses Swiggy’s positive listing on the Indian stock market has stirred up notable excitement but early trading volatility reveals investor caution, market watchers said on Wednesday.  Swiggy’s share opened at Rs 420 per share on the National Stock Exchange, a 7.7 per cent premium over its IPO price of Rs 390. At closing, Swiggy’s shares settled almost 17 per cent higher at Rs 456 apiece on the NSE. “While there's optimism about Swiggy’s potential to capt...
Swiggy IPO: Early trading volatility reveals investor caution amid persistent losses
Swiggy IPO: Early trading volatility reveals investor caution amid persistent losses
Source: IANS
2024-11-13 06:01:29 pm
Prosus, Tencent made billions of dollars in Swiggy IPO It rained billions of dollars for global investment group Prosus and Chinese conglomerate Tencent as they raked in the moolah from their investments in Zomato-rival Swiggy’s IPO as it made its stock market debut on Wednesday at a valuation of over $11 billion.  According to the company's draft red herring prospectus (DRHP), Prosus invested nearly Rs 9,055 crore ($1.07 billion) in the online food platform and made Rs 26,927 crore ($3.2 billion) in IPO, thus netting a $2.12 bi...
Prosus, Tencent made billions of dollars in Swiggy IPO
Prosus, Tencent made billions of dollars in Swiggy IPO
Source: IANS
2024-11-13 05:56:01 pm
Zinka Logistics Solution coming with IPO to raise upto Rs 1144.52 crore             Zinka Logistics Solution   Zinka Logistics Solution is coming out with a 100% book building; initial public offering (IPO) of 4,19,23,830 shares of Rs 1 each in a price band Rs 259-273 per equity share. Not more than 75% 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 1...
Zinka Logistics Solution coming with IPO to raise upto Rs 1144.52 crore
Zinka Logistics Solution coming with IPO to raise upto Rs 1144.52 crore
Source: Accord Fintech
2024-11-12 11:43:10 am
Mangal Compusolution coming with IPO to raise Rs 16.23 crore Mangal Compusolution   Mangal Compusolution is coming out with an initial public offering (IPO) of 36,06,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 45 per equity share. The issue will open on November 12, 2024 and will close on November 14, 2024. The shares will be listed on SME Platform of BSE. The share is priced 4.50 times higher to its face value of Rs 10. Book running lead manager to the issue is Jawa Capital Services. Compliance...
Mangal Compusolution coming with IPO to raise Rs 16.23 crore
Mangal Compusolution coming with IPO to raise Rs 16.23 crore
Source: Accord Fintech
2024-11-11 04:26:47 pm
Swiggy`s IPO subscribed 3.59 times on last day Online food delivery platform Swiggy's Rs 11,327 crore IPO was subscribed 3.59 times on the last day of bidding on Friday after a muted response from the investors in the initial two days of its public issue.   Swiggy IPO was subscribed 0.35 times and 0.12 times on the issue's second and first day, respectively. The reserve portion of qualified institutional buyers (QIBs) subscribed 6.02 times, the non-institutional investors (NIIs) portion saw 0.41 times subscription, the ret...
Swiggy`s IPO subscribed 3.59 times on last day
Swiggy`s IPO subscribed 3.59 times on last day
Source: IANS
2024-11-09 10:10:08 am
Niva Bupa Health Insurance’s IPO subscribed 65 pc on day 1 iva Bupa Health Insurance Company saw its initial public offering (IPO) subscribed 65 per cent on the first day of bidding.  The issue received bids of 11,19,04,400 shares against the offered 17,28,57,143 equity shares, at a price band of Rs 70-74, according to the data available on the stock exchanges, according to a company statement. Retail portion and non-institutional investors portion were subscribed 0.71 times and 0.33 times respectively, whereas Qualified Institutional Buye...
Niva Bupa Health Insurance’s IPO subscribed 65 pc on day 1
Niva Bupa Health Insurance’s IPO subscribed 65 pc on day 1
Source: IANS
2024-11-08 09:37:26 am
Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2 Swiggy IPO continued to see a tepid response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO was subscribed 0.35 times or 35 per cent on the second day.  The food delivery company's IPO was opened on Wednesday and subscribed 12 per cent on the first day. As of 5 p.m. on Thursday, qualified institutional buyers (QIBs) subscribed 28 per cent or 0.28 times, the non-institutional investors (NIIs) portion saw 14 per cent or 0.14 times, retail individ...
Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2
Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2
Source: IANS
2024-11-08 09:27:09 am
Neelam Linensand Garments coming with IPO to raise Rs 13 crore Neelam Linens and Garments (India)   Neelam Linens and Garments (India) is coming out with an initial public offering (IPO) of 54,18,000 equity shares in a price band Rs 20-24 per equity share. The issue will open on November 8, 2024 and will close on November 12, 2024. The shares will be listed on SME Platform of NSE. The face value of the share is Rs 10 and is priced 2.00 times of its face value on the lower side and 2.40 times on the higher side. Book running lead man...
Neelam Linensand Garments coming with IPO to raise Rs 13 crore
Neelam Linensand Garments coming with IPO to raise Rs 13 crore
Source: Accord Fintech
2024-11-07 02:26:43 pm
IPO Note : Niva Bupa Health Insurance Company Ltd by Geojit Financial Services Ltd Emerging health insurance player with strong parentage Niva Bupa Health Insurance Company (NBHICL) is a Standalone health insurer (SAHI) operates in India's health insurance sector, with a primary focus on the retail health market and group insurance. Established in 2008, it is a joint venture between Bupa Group and Fettle Tone LLP. The company serves 14.99 million active insured lives, utilizing a diversified distribution strategy through both direct and intermediated channels. In FY2...
IPO Note : Niva Bupa Health Insurance Company Ltd by Geojit Financial Services Ltd
IPO Note : Niva Bupa Health Insurance Company Ltd by Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-07 02:09:11 pm
Niva Bupa Health Insurance Company coming with IPO to raise upto Rs 2326 crore Niva Bupa Health Insurance Company   Niva Bupa Health Insurance Company is coming out with a 100% book building; initial public offering (IPO) of 31,42,85,714 shares of Rs 10 each in a price band Rs 70-74 per equity share. Not more than 75% 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 10% for the retail inve...
Niva Bupa Health Insurance Company coming with IPO to raise upto Rs 2326 crore
Niva Bupa Health Insurance Company coming with IPO to raise upto Rs 2326 crore
Source: Accord Fintech
2024-11-06 04:24:56 pm
Swiggy $1.4 billion IPO opens for orders as Indian stocks lose some of their appeal  Indian food and grocery delivery firm Swiggy is expected to see just modest demand from retail investors for its $1.4 billion IPO even after cutting its hoped-for valuation twice, with momentum for domestic stocks having cooled considerably. The country's second-largest IPO for the year opened for bids on Wednesday with orders to be taken until Nov.8. The price range is 371-390 rupees. But while India was an outlier in Asia with a string of high-profile offerings this year, Sw...
Swiggy $1.4 billion IPO opens for orders as Indian stocks lose some of their appeal
Swiggy $1.4 billion IPO opens for orders as Indian stocks lose some of their appeal
Source: Reuters
2024-11-06 02:27:24 pm
IPO Note : Swiggy Ltd by Geojit Financial Services Ltd Swiggy Ltd An E-commerce Player Poised for Sustainable Growth Swiggy Ltd., (Swiggy) established in 2013, is a new-age, user-centric technology company offering a comprehensive convenience platform through a single app. Users can order food, groceries, and household items (Instamart) for doorstep delivery via an on-demand network. The platform also includes restaurant reservations, product pick-up/drop-off services (Genie), and other hyperlocal commerce activities. Swiggy enhances its of...
IPO Note : Swiggy Ltd by Geojit Financial Services Ltd
IPO Note : Swiggy Ltd by Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-06 11:53:54 am
IPO Note : Swiggy Ltd By Nirmal Bang Ltd Swiggy Ltd BACKGROUND Incorporated in 2014, Swiggy is a popular online food ordering and delivery partner, offering a variety of convenience services. These include food delivery, restaurant reservations via “Dineout,” event bookings with “SteppingOut,” parcel pick-up and drop-off through “Genie,” and hyperlocal commerce activities like Swiggy Minis and also expanded into grocery delivery with Instamart and operates in over 580 cities. Objects and ...
IPO Note : Swiggy Ltd By Nirmal Bang Ltd
IPO Note : Swiggy Ltd By Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-11-06 11:46:23 am
IPO Note : Swiggy Ltd By Motilal Oswal Financial Services Ltd Pioneered hyperlocal commerce platform: Swiggy has successfully pioneered the hyperlocal commerce industry in India, launching Food Delivery in 2014 and Quick Commerce in 2020, and is well-recognised as a leader in innovation. Currently it is the 2nd largest player in India in both the categories which are large addressable markets, witnessing rapid online penetration and are relatively nascent with high growth headroom. Food delivery and Quick commerce are expected to grow at CAGR of ~17...
IPO Note : Swiggy Ltd By Motilal Oswal Financial Services Ltd
IPO Note : Swiggy Ltd By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-06 11:29:18 am
IPO Note : Swiggy Ltd By ARETE Securities Ltd Swiggy Ltd Swiggy, founded in 2014 and based in Bangalore, has evolved from a food delivery startup to one of India's largest online food and quick commerce platforms, serving over 580 cities. Initially focused solely on connecting users with a wide network of restaurants, Swiggy has built a reputation for fast deliveries and reliable service, with features like live order tracking, in-app support, and multiple payment options. Beyond food, Swiggy has diversified to meet broader urban ...
IPO Note : Swiggy Ltd By ARETE Securities Ltd
IPO Note : Swiggy Ltd By ARETE Securities Ltd
Source: ARETE Securities Ltd
2024-11-06 11:20:29 am
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks Concentrated revenue risk, dependence on government-owned transmission grids and infrastructure, and growth relying on winning highly competitive project bids are key risks for ACME Solar Holdings IPO, a brokerage firm said on Tuesday.  The IPO is a mix of fresh issue of up to Rs 2,395 crore and an offer of sale (OFS) of up to Rs 505 crore. According to a note by Bajaj Broking, the company focuses on the development, construction, ownership, operation, and maintenance of large-scal...
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks
Source: IANS
2024-11-05 03:59:37 pm
India`s Apollo Green Energy plans solar module plant, targets IPO in 2025, CEO says India's Apollo Green Energy, an engineering and construction firm, plans to set up a 500 megawatt (MW) solar module plant in the next two-three years and tap domestic public markets in 2025 to execute new projects, its chief executive said on Tuesday. The company, which focuses on constructing renewable energy projects, currently has an order book of 35 billion rupees ($416 million), and is looking to expand so that it can triple the size to 100 billion rupees by the end of this financ...
India`s Apollo Green Energy plans solar module plant, targets IPO in 2025, CEO says
India`s Apollo Green Energy plans solar module plant, targets IPO in 2025, CEO says
Source: Reuters
2024-11-05 02:32:44 pm
Sagility India coming with IPO to raise upto Rs 2,107 crore Sagility India   Sagility India is coming out with a 100% book building; initial public offering (IPO) of 70,21,99,262 shares of Rs 10 each in a price band Rs 28-30 per equity share. Not more than 75% 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 10% for the retail investors. The issue will open for subscri...
Sagility India coming with IPO to raise upto Rs 2,107 crore
Sagility India coming with IPO to raise upto Rs 2,107 crore
Source: Accord Fintech
2024-11-05 12:39:35 pm
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say  Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two people familiar with the matter told Reuters. Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. In recent years, Ambani, Asia's richest man, r...
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say
Source: Reuters
2024-11-04 03:09:31 pm
Niva Bupa`s IPO to open on Thursday, price band fixed at Rs 70-Rs 74 Niva Bupa Health Insurance Company on Monday said it has fixed the price band of Rs 70-Rs 74 per equity share of face value Rs 10 each for its maiden initial public offer (IPO).  The IPO will open on Thursday for subscription and close on Monday. Investors can bid for a minimum of 200 equity shares, and in multiples of 200 equity shares thereafter, said the health insurer. The IPO is a mix of fresh issue of up to Rs 800 crore and an offer of sale (OFS) up to Rs 1,400 crore by Bupa ...
Niva Bupa`s IPO to open on Thursday, price band fixed at Rs 70-Rs 74
Niva Bupa`s IPO to open on Thursday, price band fixed at Rs 70-Rs 74
Source: IANS
2024-11-04 02:21:11 pm
Swiggy, Niva Bupa and 2 other mainboard IPOs set to launch next week India's primary market will be in focus next week as Swiggy, Niva Bupa Health Insurance, Sagility India, and ACME Solar Holdings will launch IPOs to raise Rs 18,534 crore from the stock market.   The biggest IPO among these will be of food delivery company Swiggy, which is planning to raise more than Rs 11,000 crore through IPO from the stock market. All these IPOs will open for retail investors between November 5 and 7. The public issue of healthcare sector company Segility...
Swiggy, Niva Bupa and 2 other mainboard IPOs set to launch next week
Swiggy, Niva Bupa and 2 other mainboard IPOs set to launch next week
Source: IANS
2024-11-03 05:43:22 pm
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