IPO Financial News

BSE. With strong subscription being led by interest from both retail and institutional investors , the Grey Market Premium or GMP also jumped. 'Grey market premium' indicates investors' readiness to pay more than the issue price".

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says: “In pure valuation terms, all the stocks or all businesses where you have earnings visibility have run up a lot. Valuations are not cheap by any means but even within that, we need to focus on quality businesses. This dialogue of whether we will have a largecap rally or a midcap rally or whatever cap rally – we need to take that out of our minds. Focus on good businesses irrespective of whether they are large cap, midcap, small cap.” Ching's Secret is an amazing brand. We all have tasted it sometimes. If it actually goes Tata Consumer's way, do you think it will really be an important addition because this category clearly is showing a lot of promise here in India? Whether the Ching's Secret deal materialises or not, if you look at what is happening with the Tata group after Chandra has taken over, is there a very specific focus on some of these large businesses that they have and consumer is one of them? There is a continuous process of coming out with new products, expanding the market, distribution etc. So Ching's Secret would actually be a good addition, I mean the products are excellent.

Credo Brands Marketing IPO: The initial public offering (IPO) of Credo Brands Marketing Limited has opened today and it will remain open till 21st December 2023 i.e. till Thursaday this week. This means, Credo Brands IPO date of subscription will remain open from Tuesday to Thursday this week.

₹52 to ₹55 per equity share of the face value of ₹10.Motisons Jewellers IPO comprises a fresh issue of shares of up to 2,74,71,000 equity shares of face value of ₹10 each, as per Red Herring Prospectus (RHP).Motisons Jewellers Limited sells jewellery crafted from gold, diamonds, and kundans in addition to other jewellery items made of metals like pearl, silver, platinum, and other alloys.Motisons Jewellers IPO comprises a fresh issue of shares of up to 2,74,71,000 equity shares of face value of ₹10 each, as per Red Herring Prospectus (RHP).The company intends to use the net proceeds of the fresh offering to finance the following goals: meeting the company's working capital needs; general corporate purposes; and repaying the company's outstanding loans from scheduled commercial banks.The registrar of the Motisons Jewellers IPO is Link Intime India Private Ltd, and the book running lead manager of the offering is Holani Consultants Private Limited.Motisons IPO GMP today or Motisons IPO grey market premium is +109, similar to the previous session. This indicates Motisons Jewellers share price were trading at a premium of ₹109 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Motisons Jewellers share price was indicated at ₹164 apiece, which is 198.18% higher than the IPO price of ₹55.Based on last 16 sessions grey market activities, today IPO GMP points upward and expects a strong listing.

Muthoot Microfin IPO's retail investors' portion was subscribed 1.38 times, the NII portion was subscribed 61%, and the QIB portion is yet to be booked. The employee portion has been booked 1.24 times. Muthoot Microfin IPO price band has been fixed in the range of ₹277 to ₹291 per equity share of the face value of ₹10.

₹3,100 crore from the primary market. In addition to these, three small and medium enterprise (SME) IPOs will also be available for subscription, presenting investors with compelling investment opportunities in the market. Also Read: DOMS IPO allotment declared: GMP, how to check status as focus shifts to listing date Here are key details about the IPOs open today: The IPO of real estate construction company, Suraj Estate Developers, opened for public subscription on December 18 and will close on Wednesday, December 20.

Motisons Jewellers IPO was fully subscribed on its first day within a few minutes of opening, led by retail and non-institutional investors (NIIs). Motisons IPO has been booked 15.02 times at the end of day 1.

Happy Forgings IPO: The initial public offering (IPO) of Happy Forgings Limited has opened today and it will remain open till 21st December 2023 i.e. till Thursaday this week. This means, Happy Forgings IPO date of subscription will remain open from Tuesday to Thursday this week.

F&O ban list: A total of seven stocks have been put under the ban for trade on Tuesday, December 19, 2023, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

DOMS IPO allotment: After closure of bidding for the initial public offering (IPO) of DOMS Industries Ltd, share allotment has been declared now. Those who have applied for the public issue are advised to check DOMS IPO allotment status online by logging in at BSE websire or at the official website of DOMS IPO registrar — Link Intime India Private Limited.

Credo Brands Marketing, an apparel retailing company known for its flagship men's apparel brand Mufti, is rolling out a ₹550-crore offer for sale (OFS) in which the promoter and the promoter group are diluting their stake from 66.7% to 53.6%, with no money coming to the company. Business At the end of September 2023, the company sold its products through 404 exclusive brand outlets, 71 large-format stores, 1,332 multi-brand outlets as well as online marketplaces. About 90% of its revenues are earned from offline channels.

Easy Trip Planners Ltd and Paul Merchants Ltd will be in focus when the stock market opens on Tuesday (December 19). The Board of Directors of these companies have declared interim dividend and bonus issue for the eligible shareholders. Easy Trip Planners: The company has declared an interim dividend of ₹0.10 per share.

1) Happy Forgings IPO Dates: Happy Forgings IPO opens for subscription on Tuesday, December 19, and will close on Thursday, December 21. The IPO allotment is expected to be finalized on December 22.

₹303 crore from anchor investors, ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 35,59,740 equity shares at ₹850 per share on Monday, December 18, 2023, to the 25 anchor investors.

SAO PAULO (Reuters) — The new CEO of Brazilian lender Bradesco, Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.

The company allocated 21 lakh equity shares at Rs 100 per share to anchor investors. PGIM India Fund, BOFA Securities and Negen Undiscovered Value Fund among others were the buyers. The IPO is completely a fresh issue of 1 crore shares.

₹21 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 21,00,000 equity shares at Rs. 100 per share on Monday, December 18, 2023, to anchor investors.

₹280 per share on Monday, December 18, 2023, to anchor investors. Foreign and Domestic long-only Institutions who participated in the anchor were Nippon Mutual Fund, HSBC Mutual Fund, Aditya Birla Sunlife Insurance, Kotak Mahindra Life Insurance, Bajaj Allianz Life Insurance, Integrated Core Strategies (Asia), Morgan Stanley Asia, SBI General Insurance, JM Mutual Fund, Subhkam Ventures, Reliance General Insurance. Out of the total allocation of 58,90,488 equity shares to the anchor investors, 24,99,167 equity shares were allocated to domestic mutual funds through a total of 3 schemes amounting to ₹70 crore i.e.

Deutsche Bank has downgraded Arm Holdings (NASDAQ:ARM) from Buy to Hold, raising its price target to $70 from $60 per share in a note to clients on Monday.

Goldman Sachs strategists now anticipate the S&P 500 reaching a record level of 5,100 in 2024, citing falling inflation and expected Federal Reserve easing.

Also Read: Inox India IPO LIVE subscription status: Issue subscribed 15.75 times so far on day 3; GMP drops Let us check Sahara Maritime IPO subscription status, latest GMP and key things to know: Sahara Maritime IPO opened for public subscription on Monday, December 18, and will close on Wednesday, December 20. The IPO allotment is expected to be finalized on December 21, while Sahara Maritime IPO will list on BSE SME with a tentative listing date fixed on December 26. Sahara Maritime IPO price band has been fixed at ₹81 per share.