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India`s Medi Assist Healthcare files draft papers for IPO Medi Assist Healthcare Services has filed draft papers with the capital markets regulator Securities and Exchange Board of India for an initial public offering (IPO). The move by Medi Assist, its second attempt at a public listing, comes as investors are increasingly bullish on the medical insurance sector with sales of products on the rise since the COVID-19 pandemic. The company is offering to sell up to 28 million equity shares held by investors, including its founder Vikram Jit Sing...
India`s Medi Assist Healthcare files draft papers for IPO
India`s Medi Assist Healthcare files draft papers for IPO
Source: Reuters
27/08/2023 9:00:27 AM
TVS Supply Chain Solutions to come out with Rs 880 crore IPO on August 10 TVS Supply Chain Solutions is coming out with an initial public offering (IPO) to raise around Rs 880 crore. It has fixed a price band of Rs 187-197 per share. The issue will open on August 10, 2023 and will close on August 14, 2023. The equity shares are proposed to be listed on both the bourses, BSE and NSE. Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for in...
TVS Supply Chain Solutions to come out with Rs 880 crore IPO on August 10
TVS Supply Chain Solutions to come out with Rs 880 crore IPO on August 10
Source: Accord Fintech
7/08/2023 3:37:47 PM
IPO Note : SBFC Finance Ltd by Axis Capital SBFC Finance Limited (“SBFC”) was incorporated on January 25, 2008. * SBFC Holdings Pte. Ltd., Clermont Financial Pte. Ltd. (together, “Clermont Group”), Arpwood Capital Pvt Ltd, Arpwood Partners Investment Advisors LLP and Eight45 Services LLP (together, “Arpwood Group”) are the corporate     promoters of the company.  * SBFC is a systematically important, non-deposit taking non-banking finance company (“NBFC-ND-SI”) o...
IPO Note : SBFC Finance Ltd by Axis Capital
IPO Note : SBFC Finance Ltd by Axis Capital
Source: Axis Capital
3/08/2023 12:38:02 PM
Axis Capital raises ITC target price to Rs 490, positive about ITC post demerger announcement Following the in-principal demerger announcement for ITC Hotels, leading analyst firm Axis Capital continues to maintain a positive outlook on ITC stocks. This optimism stems from several factors, including the unlocking of value, improved capital allocation, and the vast potential of the company's diverse business segments. Leading analyst firm Axis Capital remainspositive about ITC and has pegged the target price to Rs 490 from Rs 445 previously. Mentioning in its report that this ho...
Axis Capital raises ITC target price to Rs 490, positive about ITC post demerger announcement
Axis Capital raises ITC target price to Rs 490, positive about ITC post demerger announcement
Source: IANS
2/08/2023 5:27:11 PM
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at Rs 54 to Rs 57 per Equity Share Mumbai: SBFC Finance Limited (”Company”) is a systemically important, non-deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals has fixed the price band at ? 54to ? 57 per Equity Share for its maiden public offer. The initial public offering (&ldquo...
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at Rs 54 to Rs 57 per Equity Share
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at Rs 54 to Rs 57 per Equity Share
Source: PR Agency
31/07/2023 8:09:16 PM
TVS Supply Chain Solutions gets SEBI`s go-ahead to raise funds via IPO TVS Supply Chain Solutions, part of TVS Mobility Group, has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of over 2 crore equity shares by promoters and existing shareholders. Proceeds from the fresh issue will be utilised for payment of debt availed by the company and its subsidiaries -- TVS LI UK and TVS...
TVS Supply Chain Solutions gets SEBI`s go-ahead to raise funds via IPO
TVS Supply Chain Solutions gets SEBI`s go-ahead to raise funds via IPO
Source: Accord Fintech
26/07/2023 3:06:37 PM
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion India's Nexus Select Trust rose nearly 4% in their trading debut on Friday, giving the Blackstone Inc-backed retail REIT a valuation of 157.56 billion rupees ($1.93 billion). The company, better known as Nexus Malls, saw its units rise to 104 rupees, compared to the 100-rupees-a-unit price of its initial public offering (IPO), in which it raised 32 billion rupees. The IPO, the first-ever by an Indian retail REIT, comes as public floats show signs of recovery after volatile markets a...
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Source: Reuters
19/05/2023 11:13:21 AM
RR Kabel files DRHP with SEBI TPG Capital-backed wires and cables manufacturer RR Kabel has filed 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 comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an offer for sale (OFS) of over 1.72 crore equity shares by promoters and other shareholders. The company proposes to utilise the net proceeds to the tune of Rs 170 crore from f...
RR Kabel files DRHP with SEBI
RR Kabel files DRHP with SEBI
Source: Accord Fintech
9/05/2023 3:43:23 PM
India`s Mankind Pharma sets IPO price band of 1,026 to 1,080 rupees a share  Indian pharmaceutical company Mankind Pharma Ltd has set a price band of 1,026 rupees to 1,080 rupees per share for its initial public offering (IPO), according to a newspaper advertisement, valuing the company at 432.64 billion rupees ($5.27 billion) at the upper end of the band. The IPO for the company, which owns the Manforce condom brand and pregnancy testing kit Prega News, will consist of nearly 40.1 million shares on offer for sale from existing shareholders, according to a dr...
India`s Mankind Pharma sets IPO price band of 1,026 to 1,080 rupees a share
India`s Mankind Pharma sets IPO price band of 1,026 to 1,080 rupees a share
Source: Reuters
19/04/2023 10:11:56 AM
Go Digit General Insurance re-files DRHP with SEBI for IPO Go Digit General Insurance has refilled draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) after making certain changes to its employee stock appreciation rights scheme. This came after SEBI returned Go Digit's draft IPO papers on January 30 and asked the company to refile the documents with certain updates. The company had first filed the DRHP with Sebi in August 2022 to raise funds through an initial share sale. ...
Go Digit General Insurance re-files DRHP with SEBI for IPO
Go Digit General Insurance re-files DRHP with SEBI for IPO
Source: Accord Fintech
12/04/2023 11:02:18 AM
SBFC Finance refiles DRHP, Promoter OFS size reduced Mumbai-based SBFC Finance Limited a non-deposit-taking non-banking finance company (“NBFC-ND-SI”) has refiled draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) and reduced its Initial Public Offering (IPO) size to Rs 1200 crore from Rs 1600 crore planned earlier. The initial share-sale comprises fresh issuance of equity shares worth Rs 750 crore and an Offer for Sale (OFS) of Rs 450 crore.   The company ...
SBFC Finance refiles DRHP, Promoter OFS size reduced
SBFC Finance refiles DRHP, Promoter OFS size reduced
Source: PR Agency
23/03/2023 9:50:36 AM
Elin Electronics Limited Initial Public Offering to open on December 20, 2022, sets price band at ?234 to ?247 per Equity Share Elin Electronics Limited is a leading electronics manufacturing services (“EMS”) manufacturer of end-to end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and are one of the largest fractional horsepower motors manufacturers in Indiahas fixed the price band at ?234to ?247per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Tuesday, December 20,...
Elin Electronics Limited Initial Public Offering to open on December 20, 2022, sets price band at ?234 to ?247 per Equity Share
Elin Electronics Limited Initial Public Offering to open on December 20, 2022, sets price band at ?234 to ?247 per Equity Share
Source: PR Agency
15/12/2022 3:33:55 PM
Elin Electronics announces launch of initial public offering Elin Electronics Ltd. has announced public offering of 19230769 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 242.00 per share. The gross proceeds of the issue are expected to be Rs 47,500.00 lakhs. The company's initial public offer (IPO) will open on 20 December 2022 and is expected to close on 22 December 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 234.00-247.00 per share. The IPO includes a fresh Issue of 19230769 Equ...
Elin Electronics announces launch of initial public offering
Elin Electronics announces launch of initial public offering
Source: Dion Global Services Ltd.
15/12/2022 2:26:40 PM
Landmark Cars Limited`s initial public offering to open on December 13, 2022, sets price band at 481 to 506 per Equity Share Mumbai:Landmark Cars Limited (the “Company”), a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renaulthas fixed the price band at ?481to ?506per equity share for its initial public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Tuesday, December 13, 2022, for subscription and will close on Thursday, December 15, 2022. Investors can bid for a minimum of 2...
Landmark Cars Limited`s initial public offering to open on December 13, 2022, sets price band at 481 to 506 per Equity Share
Landmark Cars Limited`s initial public offering to open on December 13, 2022, sets price band at 481 to 506 per Equity Share
Source: PR Agency
8/12/2022 4:06:28 PM
Rupee edges higher after RBI hikes rate, stays firm on inflation The Indian rupee closed slightly higher against the U.S. dollar on Wednesday, snapping a three-day losing streak, as the Reserve Bank of India raised interest rates and took a hawkish stance in its fight against inflation. The partially convertible rupee ended at 82.47 per dollar versus its previous close of 82.6150. The currency had lost 1.7% in the past three sessions. The RBI raised the key repo rate by 35 basis points (bps) to 6.25%, as widely expected, in its fifth straight increas...
Rupee edges higher after RBI hikes rate, stays firm on inflation
Rupee edges higher after RBI hikes rate, stays firm on inflation
Source: Reuters
7/12/2022 9:28:34 AM
Blackstone`s India REIT portfolio Nexus Malls files for IPO Blackstone Inc-owned India malls real estate investment trust (REIT) portfolio, Nexus Malls, filed draft papers for an initial public offering with the domestic market regulator, a stock market filing showed on Thursday. The IPO will include a fresh issue of shares worth up to 16 billion Indian rupees ($195.94 million), the draft prospectus said. The IPO, India's first retail REIT, will also consist of a $300 million sale by Blackstone, said a person with direct knowledge of the mat...
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Source: Reuters
18/11/2022 10:14:42 AM
Paytm beats analyst estimates as revenue surges higher than expected Indian fintech leader Paytm announced its financial results on Monday. The company’s revenues surged 76% y-o-y to ?1914 crore, beating analyst estimates. On average, analysts from top firms like Goldman Sachs, CITI, JP Morgan, Axis Capital, and ICICI Securities expected the company’s revenue to be Rs 1,836 crore — a growth of 69%. “Paytm had reported earnings better than estimates, lending revenue streams’ acceleration and improvement in margin continue,&rdquo...
Paytm beats analyst estimates as revenue surges higher than expected
Paytm beats analyst estimates as revenue surges higher than expected
Source: PR Agency
10/11/2022 12:27:14 PM
Bikaji Foods International IPO Subscribed 1.48 times on Day 2 Raised Rs 262 crore from anchor investors including Eastspring Investments, Morgan Stanley, Government of Singapore, Nomura, Bay Capital and Kotak Funds besides others Bikaner-Rajasthan based snack company Bikaji Foods International Limited, the third largest ethnic snacks company in India and the second fastest growing company in the Indian organised snacks market has received bids of 3,04,41,900 shares against the offered 2,06,36,790 equity shares, at a price band of ?285-300, ...
Bikaji Foods International IPO Subscribed 1.48 times on Day 2
Bikaji Foods International IPO Subscribed 1.48 times on Day 2
Source: PR Agency
5/11/2022 1:00:55 PM
India's Sept retail inflation accelerates to five-month high of 7.41% y-o-y BENGALURU India's retail inflation accelerated in September to a five-month high of 7.41% year-on-year, driven by surging food prices, raising fears of further rate hikes when the central bank meets for its next policy review in December. Annual retail inflation in September was higher than the 7.3% forecast in a Reuters poll of economists, and above 7% the previous month, data released by the National Statistics Office on Wednesday showed. The latest data shows retail inflation rem...
India's Sept retail inflation accelerates to five-month high of 7.41% y-o-y
India's Sept retail inflation accelerates to five-month high of 7.41% y-o-y
Source: Reuters
12/10/2022 8:13:43 PM
Harsha Engineers International Ltd raises Rs 225.7 crore from anchor investors Mumbai: Harsha Engineers International, is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world, has garnered Rs 225.7 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday, September 14, 2022. The company informed the bourses that it allocated 68,40,855 shares at Rs. 330 per share on Tuesday, September 13, 2022,...
Harsha Engineers International Ltd raises Rs 225.7 crore from anchor investors
Harsha Engineers International Ltd raises Rs 225.7 crore from anchor investors
Source: PR Agency
14/09/2022 12:20:09 PM
Key Stock News-Indiabulls Real Estate, Hines plans to develop ICICI Sec, Axis Cap, Ratan Tata ,Wockhardt initiates pha, Indian Oil aimsse-III, ARETE Securities Key News Indiabulls Real Estate cuts its net debt by 54% to Rs 464 crore Indiabulls Real Estate has cut its net debt by 54 per cent to Rs 464 crore during the three months ended June, compared to the March quarter. Besides, the merger with the Embassy Group is in the final stage of National Company Law Tribunal (NCLT) review, according to an investor presentation by Indiabulls Real Estate Ltd (IBREL). In the investor presentation IBREL said its net debt stood at Rs 464 crore at the end ...
Key Stock News-Indiabulls Real Estate, Hines plans to develop ICICI Sec, Axis Cap, Ratan Tata ,Wockhardt initiates pha, Indian Oil aimsse-III, ARETE Securities
Key Stock News-Indiabulls Real Estate, Hines plans to develop ICICI Sec, Axis Cap, Ratan Tata ,Wockhardt initiates pha, Indian Oil aimsse-III, ARETE Securities
Source: ARETE Securities Ltd
17/08/2022 10:12:50 AM
IPO Note - Syrma SGS Technology Ltd By Axis Captial Issue highlights * Syrma SGS Technology Limited (“Syrma”) was incorporated on August 23, 2004. * Syrma is one of India's leading exporters of electronics, providing a high-value integrated design and production solution for internationally recognized OEMs. * Syrma is one of the leading Electronics system design and manufacturing (“ESDM”) company with a focus on technology based solutions and Original design manufacturer (“ODM”) business. Compan...
IPO Note - Syrma SGS Technology Ltd By Axis Captial
IPO Note - Syrma SGS Technology Ltd By Axis Captial
Source: Axis Captial
12/08/2022 2:16:22 PM
ICICI Securities picks RIL, TCS, Axis Bank among preferred stocks  Brokerage house ICICI Securities, in its Weekly Market Outlook, has picked shares of large-cap companies such as Reliance Industries (RIL), TCS, Axis Bank, Asian Paints, Bajaj Finance, Tata Motors, Tata Steel, ITC as preferred picks. In the mid-cap space, Voltas, HAL, Bank of Baroda, Birla Soft, SRF, Graphite, Timken India, Lemon Tree, and TCI Express are the preferred stocks, the brokerage said. Broader markets are expected to maintain momentum backed by strong improvement in bre...
ICICI Securities picks RIL, TCS, Axis Bank among preferred stocks
ICICI Securities picks RIL, TCS, Axis Bank among preferred stocks
Source: IANS
8/04/2022 7:50:37 PM
IPO Report May 2021 - Axis Capital Arohan Financial Services Ltd. Arohan Financial Services Limited is a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. The company provides income generating loans and other financial inclusion related products to customers who have limited or no access to financial services. As of September 30, 2020, their GLP was ₹4,857 crore. They were the largest NBFC-MFI in Eastern India and the 5th largest NBFC-MFI in India based on GLP as of September 30, ...
IPO Report May 2021 - Axis Capital
IPO Report May 2021 - Axis Capital
Source: Axis Capital Ltd
3/05/2021 12:42:01 PM
Healthy business performance puts ITC stock recovery on track  Three top brokerage firms - CLSA, Credit Suisse and Axis Capital - have assigned "Buy" or "Outperform" rating to the ITC stock. Credit Suisse increased the target price to Rs 265 from Rs 255 on roll forward while maintaining an outperform rating. Comparable FMCG growth in Q3 was 11 per cent year-on-year, which remains very healthy. "We remain positive on ITC as we see strong cigarette recovery as consumer mobility recovers...and increasing value of FMCG bu...
Healthy business performance puts ITC stock recovery on track
Healthy business performance puts ITC stock recovery on track
Source: IANS
17/02/2021 5:07:12 PM
Additional revenue measures unlikely: Axis Capital Additional revenue measures in Union Budget to retain the corporate tax structure and a hike on personal income tax will curb consumption. Axis Capital said in a note that recently revised corporate tax structure would be retained to maintain policy consistency so as to not deviate from objective of attracting new investments. It added that personal tax hikes would curb consumption momentum hence prove counter-productive. Personal tax cuts may not net higher taxes as it could be saved g...
Additional revenue measures unlikely: Axis Capital
Additional revenue measures unlikely: Axis Capital
Source: IANS
1/02/2021 11:07:17 AM
IPO Updates - Brief Summary Of IPO Candidates By Axis Capital Issues Where SEBI Observations Received & Still Valid 1. Suryoday Small Finance Bank Ltd Offer Details: Fresh Issue of 11,595,000 Equity Shares and Offer for Sale of upto 8,466,796 Equity Shares by Selling Shareholders (IFC, Gaja Capital Fund II, DWM (International) Mauritius, HDFC Holdings, IDFC First Bank etc.) Date of Filing: 01-12-2020 Date of SEBI Approval: 23-12-2020 Approx. Issue Size ( ₹ Cr): - BRLMs: Axis Capital, ICICI Securities, IIFL Securities, SBI Capital Markets ...
IPO Updates - Brief Summary Of IPO Candidates By Axis Capital
IPO Updates - Brief Summary Of IPO Candidates By Axis Capital
Source: Axis Capital
3/01/2021 9:54:13 AM