IPO Financial News

Muthoot Microfin listed at a discount of 5% on the exchanges on Tuesday. The stock debuted at Rs 275.3 on NSE, down 5.4%, compared to the issue price of Rs 291.

Motisons Jewellers IPO: Listing date for the initial public offering (IPO) of Motisons Jewellers Limited has been fixed on 26th December 2023. As per the information available on BSE website, Motisons Jewellers share price will list on BSE and NSE during Tuesday deals in special pre open session. Motisons Jewellers IPO listing will take place in trade-to-trade category and Motisons Jewellers share price will remain in this category for 10 sessions post-listing.

Suraj Estate IPO: Listing date for the initial public offering (IPO) of Suraj Estate Developers Limited has been fixed on 26th December 2023. As per the information available on BSE website, Suraj Estate share price will list on BSE and NSE during Tuesday deals in special pre open session. Suraj Estate IPO listing will take place in 'B' group of securities.

Out of the 166 companies listed, 136 closed higher on debut and 24 companies recorded over 99.5% gains on listing day. Goyal Salt had the highest listing day gains at 258% followed by Sungarner Energies and Basilic Fly Studio with 216% and 193.4% gains, respectively. The most visible aspect of SME IPOs was the subscription rates, said FYERS.

Equirus Securities has initiated coverage on IndiaMART InterMESH, parent of online marketplace IndiaMart, with a 'long' rating and a price target of ₹3,180 by March 2025. The price target implies an upside of 17% over the stock's Friday closing price of ₹2,710. The brokerage said IndiaMART is trading at a premium to multiples of classifieds-based models listed globally and in India, barring Info Edge.

The road projects are Baleshwar-Kharagpur Expressway (BKEL), Jharkhand Infrastructure Implementation Company (JIICL) and Jharkhand Road Projects Implementation Company (JRPICL). With this sale, the board is looking to address a combined debt of ₹3,500 crore across these projects. The IL&FS board has in several court documents cited delays in approvals from lenders, slow progress and viability concerns for BKEL. For the other two projects, failure to receive annuities and approval for transfer to InvIT from the government of Jharkhand led to the move. The board, in its latest update to the National Company Law Appellate Tribunal (NCLAT), had cited considerable delays in approvals from lenders, including State Bank of India, slow progress and resultant setback on project viability in the case of BKEL as the reason why «transfer of the asset to the InvIT may not be possible, and alternate resolution plan would have to be formulated», said an IL&FS spokesperson. In the case of JIICL and JRPICL, the board has cited failure to receive annuities and approval for transfer to InvIT from the government of Jharkhand. BKEL is engaged in operating and managing about 477 lane km of Baleshwar-Kharagpur national highway in Odisha and West Bengal under a concession from the National Highways Authority of India on a toll basis. JIICL is engaged in operating and managing approximately 160 lane km of Section VII Ranchi Ring Road in Jharkhand while JRPICL is engaged in operating and managing about 664 lane km of roads developed under the Jharkhand Accelerated Road Development Programme.

Muthoot Microfin IPO: Listing date for the initial public offering (IPO) of Muthoot Microfin Limited has been fixed on 26th December 2023. As per the information available on BSE website, Muthoot Microfin share price will list on BSE and NSE during Tuesday deals in special pre open session. Muthoot Microfin IPO listing will take place in 'B' group of securities.

₹15 crore via public offer. The issue will open for subscription on Tuesday, December 26, 2023, and will close on Thursday, December 28, 2023. The AIK Pipes IPO price band has been fixed at ₹89 per equity share of the face value of ₹10 per equity share.

Fed hiked interest rates by 5.5% — this, with “quantitative tightening program” of reduction in balance sheet, resulted in multi-decade high interest rates in the US and around the world. As a result, the foreign portfolio investor (FPI) flows turned negative on emerging markets like India, leading to significant outflows and putting downward pressure on Indian equities at the start of the year. The year started with the persistence of inflation at elevated levels across economies, continuing geo-political uncertainties and tightening financial conditions.

₹2,630.93 crore, with operating loss at ₹1,100 crore. In the first quarter of this financial year, the company’s operating loss was at ₹182 crore. Ola Electric is looking to raise ₹5,500 crore via a fresh issue of 95,191,195 equity shares in its IPO, targeting a valuation of $7-8 billion (about ₹62,000 crore) in early 2024.

₹15.44 apiece at the start of 2023, have risen 196.43% to trade at the current value of ₹45.77. Founded in 1974, Lloyds Engineering Works (LEWL) is predominantly involved in the development, production, and deployment of robust equipment, machinery, and systems tailored for the hydrocarbon sector, oil and gas, steel plants, power plants, nuclear plant boilers, and comprehensive turnkey projects.

₹1,008.59 crore, which comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 71.59 lakh shares. The IPO was priced within the band of ₹808–850 per share. Also Read: Happy Forgings IPO allotment out.

Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections. In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer For Sale).

BSE. All the segments including, the equity segment, derivative segment, and SLB segment will be closed today. The Multi-Commodity Exchange (MCX) will also be closed for both morning and afternoon sessions. In the entire calendar year, the markets have had 15 annual holidays in 2023, two more than last year. In the previous week marked by heightened activity in the IPO space and increased volatility, equity indices saw marginal declines following seven consecutive weeks of gains. Foreign investors, meanwhile, maintained a net selling stance throughout the past week, divesting over Rs 6,000 crore.

2024 Market Strategy: What investors should stay away from next year? The robust investor enthusiasm has translated into impressive subscription rates during the bidding process. Consequently, these SME stocks have made market debuts with substantial premiums, surpassing their issue prices by a considerable margin. Building on this momentum, the last week of 2023 will witness another six SME companies raising funds, while stocks of 10 companies are scheduled to make their debut on the exchanges.

snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the weekly front, the BSE benchmark declined 376.79 points or 0.52 per cent and the Nifty dipped 107.25 points or 0.49 per cent - dragged by the fall in recent outperformers like financials and auto stocks.

BSE website, the Motisons Jewellers share price will list on BSE and NSE on 26th December 2023 in the 'T' group of securities. Motisons Jewellers IPO listing will take place in a special pre-open session. "Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Motisons Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities," BSE notice said adding, "The scrip will be in Trade-for-Trade segment for 10 trading days." Meanwhile, after the announcement of Motisons Jewellers IPO listing date, the grey market is signaling a strong debut of shares.

BSE website, Muthoot Microfin share price will list on BSE and NSE on 26th December 2023 in 'B' group of securities. Muthoot Microfin IPO listing will take place in a special pre open session during Tuesday deals this week. "Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Muthoot Microfin Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," BSE notice said.

Suraj Estate IPO: Listing date of the initial public offering (IPO) of Suraj Estate Developers Ltd has been fixed on 26th December 2023. As per the information available on BSE website, Suraj Estate share price will list on BSE and NSE on 26th December 2023 in 'B' group of securities. Suraj Estate IPO listing will take place in a special pre open session during Tuesday deals this week.

Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The Rs 960-crore IPO of Muthoot Microfin was subscribed 11.52 times at close.

BSE platform or visit the registrar's website. Bidding for the initial public offering (IPO) ended on 22md December 2023. In three days of bidding, Azad Engineering IPO subscription status informs that the book build issue got subscribed 80.65 times.