IPO Financial News

Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds well when it comes to penny stock investment because investing in a stock means investing in a business, irrespective of its size. If a company is equipped enough to grow at a faster rate, then one should not look at the size of its business.

₹100 per equity share with a face value of ₹10. The issue is entirely a fresh issue of 19.64 lakh shares worth ₹19.64 crore. The net proceeds from the issue are to be utilised towards funding the capital expenditure towards the installation of plant and machinery for existing laboratories and for expansion of laboratories, repayment of unsecured loans to the promoter, working capital requirements of the company, and general corporate purposes, according to the company's DRHP report.

Multibagger IPO: The investment strategy for an initial public offering (IPO) should not be much different from the stock market's investment strategy because investing in an IPO is like investing in a stock. So, one should try and hold the stock after share allocation as long as one can. This enables an investor to get a compounding benefit as one gets income on the income earned on one's investment amount.

BSE SME with tentative listing date fixed as Monday, January 29, 2024. Euphoria Infotech India IPO subscribed 8.77 times. The public issue subscribed 21.98 times in the retail category, 0.12 times in QIB, and 6.78 times in the NII category by January 19, 2024 12:59:00 PM as per Chittorgarh.com data Also Read- EPACK Durable IPO opens today: GMP, subscription status, review, other details. Buy or not? Meanwhile, shares of Euphoria Infotech India Limited are available for trade in grey market.

₹150 crore of shares in the firm, said company's notice to investors on Financial Express (FE). Volrado Venture Partners Fund-III-Beta received 32,15,434 equity shares valued at ₹100 crore on January 17 at a price of ₹311 per share.

₹140 apiece. Addictive Learning Technology Limited IPO lot size consists of 1,000 shares.

Metro Brands, one of the largest Indian footwear specialty retailers, slumped by 6% in today's early trade, reaching ₹1,140 apiece after the company's earnings missed the street estimates. Also Read: Medi Assist IPO allotment finalised; here's how to check allotment status In Q3 FY24, the company posted a consolidated net profit of ₹99 crore, reflecting a 12.4% decline from the ₹113 crore net profit reported in Q3 FY23, driven by a sharp rise in expenses and a slowdown in sales. On a sequential basis, however, the net profit exhibited a 45% improvement compared to the preceding quarter's ₹68 crore.

Dividend stocks in focus: Shares of Tata Consultancy Services (TCS) and HCL Technologies are under the radar of stock market investors and observers. Both Indian IT majors are trading ex-dividends today.

Buy or sell stocks for today: On account of weak global market sentiments, the Indian stock market ended lower for the third straight session on Thursday. The Nifty 50 index lost 109 points and closed at a 21,462 level, the BSE Sensex ended 313 points lower at the 71,186 mark while the Nifty Bank index finished 350 points down at the 45,713 level.

Quiver Quantitative — Reddit, the popular social media platform, is advancing its plans for an IPO in March, making it the first major social media company to go public since Pinterest (NYSE:PINS) in 2019. This move comes as Reddit, along with its peers, faces intense competition in the advertising domain from platforms like TikTok and Facebook (META). Reddit's IPO could also be a litmus test for its user community, which has been central to various «meme» stock rallies, including those of GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC).

Maxposure IPO: Maxposure IPO's share allotment has been finalised on Thursday, January 18. The investors who had applied for the IPO can check their allotment status on the issue's registrar Bigshare Service website as well as on BSE. Investors can find out if and how many shares they have been given through the basis of allotment.

EPACK Durable IPO: EPACK Durable has raised ₹192 crore from from marquee investors in anchor round on Thursday, January 18, ahead of its IPO subscription opening for bidding. EPACK Durable IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. The EPACK Durable IPO price band is set at ₹218 to ₹230 per equity share of the face value of ₹10 each.

IPO and sending shares tumbling as much as 14%. Executives on a call said the company planned to raise prices on its sandals and clogs this year after it had «underestimated the inflation effects» in fiscal 2023. Birkenstock expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 30% for 2024, citing a «modest headwind» from costs tied to investments. That compares with adjusted EBITDA margin of 32.4% for fiscal 2023, which was the first drop in four years. The margin outlook for 2024 is «conservative,» executives said. «The company is guiding to… a hurdle with respect to taking profitability down more than expected next year,» said Jason Benowitz, senior portfolio manager at CI Roosevelt. So overall «these results were just not strong enough to sort of justify the current premium that was in the shares.» The stock ended about 19% higher in 2023 after a weak market debut in October. «The IPO price had already baked in a lot in terms of future upside, and until we see the company deliver as well as exceed those expectations it's hard to see the share price move further,» said Swetha Ramachandran, who manages a global consumer brands portfolio at Artemis Fund Managers in London. However, Birkenstock forecast 2024 revenue to be between 1.74 billion euros and 1.76 billion euros, above analysts' expectations of 1.72 billion euros. Demand for Birkenstock's footwear, which retails for as much as $350 a pair, has remained resilient and the company has also benefited from efforts to boost sales through its own website and stores. Unit growth was 6% in 2023 while average selling price increased 14% since fiscal 2022, driven by higher full-price sales. Quarterly revenue

Reddit plans to launch its initial public offering (IPO) in March, according to a report from Reuters on Thursday.

EPACK Durable IPO: The mainboard initial public offering (IPO) of air conditioner (AC) manufacturer EPACK Durable will open for subscription tomorrow, January 19, 2024. The company is the second largest room air conditioner (RAC) original design manufacturer (ODM) in India in terms of the number of units (indoor + outdoor) manufactured in fiscal 2023 through the ODM route, according to EPACK Durable's red herring prospectus (RHP).

By Echo Wang and Anirban Sen

India Startup Outlook report by InnoVen Capital, released on Thursday, indicates that around 62% of founders prioritized profitability over growth in 2023, up from 55% in 2022. Additionally, Orios Venture Partners' report, also released this week, observed that unicorns in 2023 increasingly focussed on profitability, with 23 now in the green. This trend has been generating momentum towards IPOs, with reports of 13 unicorns planning IPOs in 2024, as per the India Tech Unicorn & Exits Report 2023.

Multibagger IPO: Investing in an Initial Public Offering (IPO) is like investing in a business. Like investing in stocks, one needs to scan the financials of the company offering its shares in the primary market. Like intraday stock market traders, a good number of primary market investors invest in an IPO and exit immediately booking listing premiums.

India Startup Outlook’ report from venture debt firm InnoVen Capital. Of the more than 100 startup founders who participated in the survey, 24% were open to hiring professional CEOs in the next 2-3 years, up from 20% in 2022.

Following a challenging 2022, 2023 proved to be a year of recovery, NIFTY with strong growth of about 20% in CY2023 compared to a meagre 3% in CY2022. Globally, except for a 15% decline in the Chinese and Hong Kong markets, the markets recovered between ~14% and ~25%. Notably, the NASDAQ jumped 45% while the S&P 500 increased by 25%. Healthy returns of CY2023 were on back of negative returns in the range of negative ~8 to ~34% in CY2022 with NASDAQ falling the most at 34% and an exception of Indian markets (positive 3%) being stronger than the world. The year 2023 was not without difficulties, though, as interest rates reached previously unheard-of levels, sparking fears about future economic growth and recessionary expectations in the developed world. Despite challenges, Indian markets and a number of sectors saw outstanding performance, with real estate (up 78%), PSE (up78%), and Autos (up 45%) showing particularly strong returns. The outstanding returns were delivered for the BSE SME IPO index delivering 91%. Abundant liquidity fuelled the IPO markets with astounding oversubscriptions. Moreover, the shift in ownership dynamics, marked by higher domestic ownership and strong inflows, added strength to the market. Global Economic Scenario

MUMBAI: The 140.81-crore initial public offering (IPO) of Telangana-based Nova Agritech will open for subscription on January 22 at a price band of 39-41 apiece. The IPO will close on January 25.