IPO Financial News

ending with a gain of nearly a per cent. After the initial rise, mixed global cues combined with profit taking in select heavyweights capped the momentum. Global indices surged higher as the positive momentum was largely influenced by the tech rally following US chipmaking giant Nvidia's steady rise in market valuation after earnings, which also buoyed sentiments in Indian markets.

GPT Healthcare IPO: The initial public offering (IPO) of GPT Healthcare Limited hit the Indian primary market on 22nd February 2024 i.e. on Thursday last week. the public issue will remain open till 26th February 2024 i.e.

Juniper Hotels IPO: Bidding for the initial public offering (IPO) of Juniper Hotels Limited ended Friday. In three days of bidding from Wednesday to Friday, Juniper Hotels IPO was subscribed 2.08 times. Meanwhile, after the tepid response by the primary market investors, shares of the luxury hotel company continue to trade at par in the grey market.

Reddit is a social media and news aggregation platform that has some 71 million active daily users who discuss niche subjects in niche groups. On Thursday, the San Francisco-headquartered company signed a $60 million-a-year deal — in Google VP, engineering, Rajan Patel's words, 'a new Cloud partnership' — that will allow Google to mine the social media site's vast content to train its generative AI models. It had taken eight months for Reddit to sign up a big AI company, after CEO Steve Huffman announced in June 2023 that AI companies consuming Reddit's data to train their LLMs would have to pay up. It appeared as an attempt to bolster the company's revenues and attain profitability before an IPO. 'We'll continue to be profit-driven until profits arrive,' Huffman had said then. The same month, Reddit also announced that all developers like Apollo, Sync, Pushshift and RiF would have to begin paying for using the Reddit API. Many developers were outraged, because Reddit had become a significant social media site by allowing its API to be used for free by developers to build their bots and services. Many dropped out, claiming the new fee-paying model wasn't sustainable, despite the fact that they were making money from subscribers and ads, which they were not sharing with Reddit.

₹38.18 crores. The issue is entirely a fresh issue of 40.19 lakh shares. The company has set the price band of SME IPO at ₹95 per share, with face value of ₹10 per share.

demat accounts on Monday, February 26 and those who didn't receive the IPO will get their refunds credited into their accounts on Monday. The listing date of the Zenith Drugs IPO is Tuesday, February 27. Also read: Zenith Drugs IPO Day 3: Check subscription status, GMP and other details According to chittorgarh.com, on the final day of subscription for the Zenith Drugs IPO, the overall subscription rate soared to 179.18 times.

(Reuters) -Travel company Viking Holdings said on Friday it has confidentially filed paperwork for an initial public offering in the United States, the latest to take advantage of recovering investor appetite for new stocks.

₹177-186, according to the data available on the stock exchanges. Overall, the issue was subscribed 0. 85 times at the end of the second day for subscription.

₹177 to ₹186 per equity share.' GPT Healthcare IPO is open for subscription and will close on 26 February. The price band of the issue is ₹177 to ₹186 per equity share. The minimum lot size for an application is 80 Shares.

Fund Kaleidoscope, A wide-angle view on the Indian Fund Industry, Dec 2023 edition. These two Adani Group companies are Adani Total Gas and Adani Energy Solutions. The other stocks in the bottom ten included Vedanta, SRF, Hindustan Zinc, Kotak Mahindra, Hindustan Unilever, RIL, SBI Cards and Infosys.

IPO of Sadhav Shipping opened for subscription earlier on Friday and will close on February 27. The issue was subscribed 59% so far on the first day of the bidding. Here are 10 key things investors need to know about the public offer before applying.

Investing.com -- Nvidia shares soar following a blockbuster earnings release that added fuel to stock market euphoria around the applications of artificial intelligence. The rally pushes up the S&P 500 and Dow to fresh record closing highs, although futures on Friday point to a more subdued end to the trading week. Elsewhere, Reddit makes its filing for an initial public offering public.

Also Read: Juniper Hotels IPO's retail portion fully booked on the last day; check GMP, Juniper IPO subscription status, more Juniper Hotels IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors. Juniper IPO price band has been fixed in the range of ₹342 to ₹360 per equity share of face value of ₹10.

artificial intelligence (AI) models and enhancing services such as Google Search, as per an AP report. As part of the agreement, Reddit gains access to Google AI models to enhance its internal site search and other features, it added. Reddit did not respond to queries.

Elevation Capital, the largest institutional shareholder in One 97 Communications-- owner of digital payments brand Paytm-- is staring at a massive erosion in the worth of its holding, amid a free-fall in the shares of the beleaguered company following the regulatory ban on its payment bank operations that comes into effect on March 15. The Ravi Adusumalli-led fund’s 15% stake in One 97, which was valued at about Rs 6,100 crore when the post-IPO lock-in expired in November 2022, had shrunk by nearly 40% to Rs 3,800 crore at the end of trading on Thursday.

(Reuters) -Reddit disclosed $90.8 million in losses and revenue growth of roughly 21% in 2023 on Thursday, as the social media company made public its IPO filing ahead of a planned stock market debut in March.

Inveting.com — Reddit filed its initial public offering documents with the Securities and Exchange Commission on Thursday as the social media company looks to make its public market debut on the New York Stock Exchange later this year.  

Juniper Hotels IPO: The initial public offering (IPO) of Juniper Hotels continued to receive a tepid response from investors on the second day of subscription. Juniper Hotels IPO has reserved not less than 75 per cent of the shares in the public issue for qualified institutional buyers (QIB), not more than 15 per cent for the non institutional investors (NII), and not more than 10 per cent of the offer is reserved for retail investors. Also Read: Juniper Hotels IPO: Price band set at ₹342-360 per share; check GMP, key dates, issue details, more The issue received bids of 66,08,160 shares against the offered 2,89,47,367 equity shares, at a price band of ₹342-360, according to the data available on the stock exchanges.

Angel One plans to raise funds up to ₹2000 crore via preferential issue, further public offer, qualified institutions placement (QIP) or other modes, said the company in its BSE filing on Thursday. The plan to raise funds via different modes was approved at the Board of Directors meeting held earlier in the day.

Also Read: Swiggy's GMV reaches $1.43 billion in 1H24; here's what brokerages say The services will be expanded to other stations after the completion of the first phase. “The e-catering service through Bundl Technologies Pvt. Ltd.

Multibagger IPO: A long-term stock market investor does not just earn from the appreciation in stock price appreciation but from the various other rewards that a listed company declares from its capital reserves. These rewards can be in the form of an interim, final, or special dividend, bonus shares, stock split, buyback of shares, etc. Prima facie, these rewards may look negligible but in the longer term, these rewards matter a lot and lead to whopping returns.