IPO Financial News

₹700 crore in an initial public offering (IPO). Mobikwik is also aiming to raise ₹140 crore in a pre-IPO placement, which if successful will reduce the issue size appropriately. SBI Caps and DAM Capital are managing the issue.

Indian Renewable Energy Development Agency (IREDA) witnessed some consolidation in December last year. However, brokerage house Phillip Capital believes this recent decline is going to last. The brokerage has a ‘sell’ call on the stock with a target price of ₹80, implying a downside of over 23 percent from its current market price of ₹104.40, as of December 4.

₹51 per share, as per primary market expert. IBL Finance IPO will open for subscription Tuesday, January 9, and will close on Thursday, January 11.

₹379.75 apiece during Friday's early trade. This sharp surge came in response to the company's Q3FY24 business update. In an exchange filing today, the company reported strong performance in terms of both foot traffic and revenue across all its markets in India and the Middle East for the December-ending quarter.

₹71 crore through a pre-IPO placement before submitting the red-herring prospectus to the registrar of companies (ROC). The company said it has allotted 52,59,257 equity shares to five investors at a cost of ₹135 apiece in a public statement advertisement published in Financial Express (FE). Out of the five investors, Rare Enterprise (via Sunil Jugalkishor Anandpara and Hemal Dinesh Shah) was the largest buyer, purchasing 20 lakh shares valued at ₹27 crore.

“We expect Nifty50 to give a further return of 5,000 points and Nifty50 is expected to reach 26,000 in the year 2024,” says Shailesh Saraf, smallcase Manager & MD — Dynamic Equities Pvt Ltd. In an interview with ETMarkets, Saraf who has over 3 decades of experience in capital markets said: “We believe that 2024 will continue to see a great number of IPOs—possibly even better than 2023—given the expectation of GDP growth and the India manufacturing story where capital spending by the Government is significant ($120bn),” Edited excerpts: We were cruising nicely but suddenly COVID, freight concerns, and potential geopolitical tension strike D-St. What is your take – is it profit booking or will any of the above factors have a material impact? Shailesh Saraf: The Indian market has crossed 4 trillion USD in terms of market capitalization. With 25% gains this year India has outperformed the major global markets like the US, China, Japan, and Europe.

Investing.com -- Athletic apparel retailer Amer Sports has said it has filed for an initial public offering on the New York Stock Exchange.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Skyline Financial Services in this case. Step 1: Visit the IPO Allotment Status page on Skyline Financial Services website Step 2: Select IPO from the dropdown Step 3: Put the application number and enter captcha and 'Submit'. Also Read: 5 expected IPOs in January that will spark primary market momentum in 2024

Meesho delists nearly 52 lakh counterfeit, restricted products in past 6 months Non-tech roles like Strategy and Operations have witnessed an uptick in salary packages in comparison to last year, the company said. The e-commerce platform visited IIT Bombay, Kharagpur, Kanpur, Madras, Roorkee, and IIT BHU, Indian Institute of Science (IISC), Indian Institute of Information Technology (III) Allahabad, BITS Pilani, Indian Institute of Management (IIMs)- Lucknow and Kozhikode, National Institutes of Technology- Delhi, Bhopal, Surat, Calicut, Institute of Chartered Accountants of India (ICAI), and Management Development Institute (MDI) for campus hiring.

₹1.44 ­lakh crore in calendar year 2023, led by 57 mainboard initial public offerings (IPOs) that collectively injected ₹49,434 crore into markets, and 45 qualified institutional placements (QIPs) that raised ₹54,350 crore, reported Business Line quotingprimedatabase.com. The mop­up from QIP is 363 per cent higher than the ₹11,743 crore raised in 2022. QIPs were dominated by financial services and engineering companies, with Bajaj Finance raising ₹8,800 crore, accounting for 16 per cent of the total amount.

Vineeta Singh, Co-Founder & CEO, Sugar Cosmetics, says “We have already crossed Rs 500 crore revenue in FY24 and we are expecting to close FY24 at a 500 plus crore net revenue. ” Singh also says: “We are looking at about a two to three years’ timeline in terms of an IPO because it is important to have some solid track record of profitability in the bank before taking the company public. This also aligned well with our board because we had an aspiration that we should go into the market at a Rs 1,000-crore plus revenue, plus profitability. And that is how we are expecting to look at.” Let us start off by delving into the numbers that you have delivered because I remember in November, the company said that you are on track to hit profitability by the end of the ongoing fiscal year. Are you on track? Vineeta Singh: I am wearing green so I think that should give you a hint. December is the first month that we have hit profitability and we expect to continue that into Q4. Last year our revenue grew about 89% and we managed to reduce our EBITDA margin, a loss margin by about 15% to come down to as you mentioned about minus 14% EBITDA which we aim to bring quite close to zero with December being the first month that we are profitable and Q4 also expecting to be a profitable quarter and all of this while continuing to grow at a healthy 30% year-on-year.

BEIJING — It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

With 40 transactions worth more than £100m in 2023, Hall noted that the pace had increased throughout the year, as there had been jus three offers announced in Q1 2023 compared to 18 in Q4.

₹1,000 crore. The public offer consists of a fresh issue by the company, devoid of any offer-for-sale component. The anchor book of the issue will be launched a day before i.e.

SHANGHAI/SYDNEY (Reuters) — China's leading bubble tea makers including Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid fierce competition.

As per the Reserve Bank of India (RBI) data, net financial savings of households fell to a nearly five-decade low of 5.1% of GDP in FY23, down from 7.2% in FY22. For India, which has been known as a country with good savings habit, this news is worrisome.

₹10, comprises a fresh issue of 16.78 million equity shares and an offer-for-sale (OFS) of 3.096 million shares by selling shareholders. Also read: Stock market today: Sensex, Nifty 50 fall for second day as geopolitical tensions mount, rate cut hopes fizzle out The offer for sale comprises up to 8.58 lakh shares by Sashi Harlalka, up to 8.58 lakh shares by Sumeet Harlalka, and up to 13.80 lakh shares by Alok Harlalka HUF.

retail investors gained strong muscle power as a result of their roaring participation in the primary market in 2023. In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database. The average number of applications from retail investors in initial public offers (IPO) increased to 13.21 lakh, which was more than double of 5.66 lakh in 2022. The highest number of applications from retail investors were received by Tata Technologies at 52.11 lakhs, followed by DOMS Industries at 41.30 lakhs, and INOX India at 37.34 lakhs. Through initial public offering (IPO), companies raised Rs 54,114 crore in 2023, which includes both the main board and SME. However, this was nearly 12% lower than 2022, primarily due to the mega IPO of insurance major LIC. About 57 corporates raised Rs 49,434 crore through main board IPOs in 2023, which was 17% lower in 2022. However, excluding the mega IPO of LIC, which came out in 2022, mobilisation through IPO increased by 28%. As many as 40 out of the 57 IPOs came in just four months in 2023. The largest IPO in 2023 was from Mankind Pharma, which mopped Rs 4,326 crore, followed by Tata Technologies at Rs 3,043 crore, and JSW Infrastructure at Rs 2,800 crore. While companies from multiple sectors tapped the IPO market in 2023, one key sector that had a limited presence was BFSI with just Rs 6,190 crore. The sector represented just 13% of the total fundraising in 2023 compared to 46% in 2022. New age technology companies too, were few at just two namely Yatra and Mamaearth.

“In our base case, we foresee the Dec '24 Nifty Target at 23,000. We assume the continuation of the political stability and consequent visibility on the policy continuity after the 2024 General Elections,” says Neeraj Chadawar, Head — Fundamental and Quantitative Research, Axis Securities. In an interview with ETMarkets, Chadawar said: “These bull and bear phases of the markets are driven by sentiments in the market. When sentiments are positive, the market will continue to do well. In a fear scenario, the market will fall,” Edited excerpts: We were cruising nicely but suddenly COVID, freight concerns, and potential geopolitical tension struck D-St. What is your take – is it profit booking or will any of the above factors have a material impact? Neeraj Chadawar: The year 2023 was interesting, not only for the Indian equity market but also on the global markets front. We commenced the year with restrained expectations and witnessed notable volatility in the initial months.

The broader market index— S&P BSE 500 Index—ended the year with close to 25% returns. Singapore-based Samir Arora, founder of portfolio management services (PMS) firm Helios Capital, says that market returns in annualized terms over the last two years are more or less in line with returns over different periods. Arora, whose PMS firm recently ventured into mutual funds in India, says the current market valuations look justified.

Also Read: What BSE, NSE special live trading session mean for investors? Zerodha explains Zerodha is also working on ways to integrate offerings from this universe of partners (health, climate) holistically so that they are meaningful to customers’ wealth and money management like they have been doing over the years with our fintech partnerships—smallcase, Sensibull, Streak, Ditto, Tijori, Quicko and others. You can check out the full Rainmatter portfolio. New universal search on Kite enables discovery and searching of all instruments available for trading and investing including mutual funds, govt.