IPO Financial News

1. Financial literacy: Anshul Arzare, MD and CEO, Yes Securities, believes that staying updated, mitigating risks, being persistent, planning, and budgeting, are essential ingredients for financial success. 2. Caution against unforeseen occurrences: Arzare also advised that it's prudent to anticipate unforeseen occurrences, such as the existing geopolitical tensions and the recovery challenges faced by developing nations post Covid.

₹4.10 per share. However, the stock witnessed strong buying interest post listing and went on to touch an intraday high of ₹542.50 apiece on NSE.

Pine Labs reported a total revenue of Rs 1,588 crore in the financial year ended March 31, 2023, up 56% from a year ago. Its overall losses dipped marginally to Rs 227 crore, down from Rs 259 crore in the previous financial year, data sourced from business intelligence platform Tracxn showed. Pine Labs largely deploys point of sales (PoS) terminals at retail merchant outlets. It has recently expanded into online ecommerce payments through its gateway solutions platform Plural.

Trident Techlabs listed at a premium of 180.4% on the NSE SME platform on Friday at Rs 98.15 per share. Ahead of the listing, the company's shares traded at a premium of Rs 43 in the unlisted market. The IPO was priced in the range of Rs 33-35. The Rs 16-crore IPO of Trident Techlabs was subscribed over 700 times at close.

NSE SME platform on Friday. The stock was listed at Rs 98 on NSE. Ahead of the listing, the company's shares were trading with a premium of Rs 31 in the unlisted market.

Buy or sell stocks for today: Following strong sentiments in Asian stock market, Dalal Street ended higher for fifth straight session on Thursday. Nifty 50 index ended at 21,778 levels after climbing to a new peak of 21,801. BSE Sensex finished at 72,410 levels after hitting record high of 72,484.

₹15.02 crore from the issue which was entirely a fresh issue of 16.88 lakh shares being sold at a price of ₹89 per share. AIK Pipes IPO allotment is expected to be finalized today on Friday, December 29. AIK Pipes And Polymers shares will list on BSE SME with a tentative listing date fixed on January 2, 2024.

Morgan Stanley next week, the three-decade bank veteran's frank manner and steady hand will help him steer the firm through a dealmaking slump. Pick's cool head in difficult situations is an asset, said Tom Glocer, Morgan Stanley's independent lead director since 2017 and former Reuters CEO. "The great sin that gets people into super trouble at banks is the trader's instinct to hold on (to losing positions)...

Tata Coffee: Tata Group company's Tata Coffee will complete the merger with Tata Consumer Products Ltd (TCPL), and Tata Beverages and Foods Ltd (TBFL) on Monday, the company said in its stock exchange filing on Thursday. Tata Coffee shares closed 1.33% higher at ₹308.15 per share on Thursday. J B Chemicals and Pharmaceuticals Ltd: JB Chemicals looks to continue its growth momentum, driven by the geographical expansion of legacy brands, scale-up in Sanzyme, Azmarda, and Razel franchises, MR productivity improvement, scale-up of contract manufacturing business and new product launches across markets.

Innova Captab IPO: Listing date for the initial public offering (IPO) of Innova Captab Limited has been fixed on 29th December 2023 i.e. today. As per the information available on BSE website, Innova Captab share price will list on BSE and NSE in special pre-open session during Friday deals.

funding drought to continue in the first six months of 2024, according to ETtech's annual State of Startups survey. Nearly 80% of the respondents to the survey conducted among 80 of India’s top founders, investors and internet executives, said they would not accept a lower valuation for their companies, while 74% said the funding freeze would only start to ease up in the second half of next year.

IPO) in the world after China in 2023, according to data from Bloomberg. The world's most populous and fastest-growing economy recorded 240 IPOs during the year helped by a steady inflow from domestic investors amid a buoyant stock market.

Arenadata, a Russian developer of data collection and storage platforms, intends to launch an initial public offering (IPO) on the Moscow Exchange in 2024, three sources in the Russian financial market told Reuters. The company later said that it was considering an IPO, among various options, but gave no timeline.

N Chandrasekaran in his new year message to employees. «Now that we know what we have to do, and our plans have momentum, we need to think hard about how we can execute flawlessly and with speed». «The next decade will belong to companies who excel in giving customers excellent experiences. With our growing footprint in consumer businesses, we have to bring empathy to every interaction—be that in Air India, Tata Motors or Titan. Brand Tata must be recognisable across all companies. And our group’s aim should not be merely to adopt, or adapt to, technology. We need to shape it, and make it. This New Year, I urge each company to appoint an AI champion to proactively pursue the benefits of AI—economically, operationally and socially,» he said.

Edited excerpts of the interview: This year companies had to align themselves to what works long-term for businesses, and what is good for both the company and the investors, and finally, the LPs (limited partners) of our funds who put their faith in India and who have invested heavily in India. Therefore, I think it was time to readjust many things, and in some cases, correct certain excesses in the ecosystem. The good part is we have emerged from this as, maybe, the hotspot globally.

The U.S. ecommerce company Zulily says it is closing down, surprising customers, after efforts to salvage the business failed

₹62 per equity share for the issue to raise ₹14.47 crore. The issue continued to witness strong subscription and was subscribed 2.15 times by 3:40 pm on the second day of bidding (December 28). It had received bids for 47.72 lakh shares as against 22.16 lakh on offer.

The retail portion of the issue was booked 36 times, followed by NIIs at 22.82 times and the QIB part at 2.23 times. Kay Cee Energy GMP In the grey market, the company's shares are trading with a premium of Rs 45 in the unlisted market, nearly 83% higher than the issue price. Kay Cee Energy IPO price band The company is offering its shares in the range of Rs 51-54 for the IPO, which is entirely a fresh equity issue of 29.5 lakh shares.

Sachin Tendular net worth: Azad Engineering share price today opened on NSE at ₹720 apiece levels, delivering over 37 per cent listing premium to the lucky allottees of its initial public offer. However, one of its ace investors and cricketing icon Saching Tendulkar earned much higher than the allottees becuase he chose to invest in the company nine-month ago in pre-IPO time. As per the information available in DRHP of Azad Engineering IPO, Saching Tendulkar's average cost of one share in the company is around ₹114.10.

Also Read: Firstcry's parent Brainbees Solutions files IPO papers with Sebi Let us check Kay Cee Energy IPO subscription status, GMP and other key details: Kay Cee Energy IPO opened for subscription on Thursday, December 28, and will close on Tuesday, January 2, 2024. The IPO allotment is expected to be finalized on January 3 and the shares of Kay Cee Energy & Infra will list on NSE SME with a tentative listing date fixed on January 5, 2024. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Kay Cee Energy & Infra IPO size is ₹15.93 crore which is entirely a fresh issue of 29.5 lakh shares.

BSE and NSE during Thursday deals at a whopping premium of over 37 per cent. On BSE, Azad Engineering shares listed at ₹710 apiece levels whereas on NSE the scrip listed at ₹720 apiece levels.