IPO Financial News

₹2,500 crore from the public offering. “After an active Nov, Dec month is also going to witness some new IPOs. It is expected that 15 new issues are lined up for the upcoming 2 months.

RBI). Frontline indices gained for sixth straight week as the NSE Nifty 50 and S&P BSE Sensex indexes rose about 3.5 per cent to log their best week since July 2022. Nifty 50 tested a new milestone at its lifetime high and Sensex also reached closer to the 70,000 level.

₹121 to ₹125. The SJ Logistics IPO lot size is 1,000 shares.

digital public infrastructure (DPI) in India in the last decade has steered the growth of startups in the country, industry leaders said on Saturday. Addressing FICCI's annual general meeting and annual convention Sanjeev Bikhchandani, Founder of Info Edge India Ltd, said that research and development in India is currently in a better position than it was a decade ago, which has spurred a cluster of startup IPOs in the Delhi-NCR region.

₹72. The presstonic IPO lot size is 1,600 shares.

₹750 to ₹790 per equity share of face value of ₹10. DOMS IPO lot size is 18 equity shares and in multiples of 18 equity shares thereafter.

When employees at fashion giant Shein crowded into an elevator in the company’s Guangzhou office at the end of one workday this summer, no one took notice of Sky Xu. The quiet man in the corner was one of the wealthiest people in China, the driving force behind an app that has quickly become one of the top shopping destinations in the world—and the boss of everyone riding the elevator. With Xu that day was Frances Townsend, a senior adviser to Shein.

₹42 a piece on Friday, December 8. The price bank for the IPO stood at ₹16-18 a share and Net Avenue Technologies share was listed 133.3% higher. Net Avenue Technologies bidding started from November 30, 2023 and ended on December 4, 2023.

DOMS IPO: The initial public offering (IPO) of DOMS Industries Limited is going to hit primary market on 13th December 2023 i.e. on Wednesday next week. As per the DOMS IPO date of subscription, the public issue will open on 13th December 2023 and it will remain open for bidding till 15th December 2023.

Marinetrans India IPO listing: Shares of Marinetrans India Limited listed on NSE SME Emerge platform at ₹30 per share levels, delivering 15.4% premium against the issue price of ₹26 per equity share. However, profit booking soon triggered and Marinetrans India share price hit 5 per cent lower circuit at ₹28.50 apiece levels within few minutes of stock listing. Marinetrans India shares have logged 8.56 lakh trade volume in first 13 minutes of share listing.

Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says “there are some sectors or stocks that represent the multi-year trends; one clearly is capital goods which benefits from the recent state elections results as the uncertainty with regards to the next Lok Sabha elections has got reduced. So the capital goods companies, whether they are on the engineering side, railway side, defence should continue to do well. We like Siemens Hindustan, Aeronautics, and Carborundum looks good. The entire capital goods is one pack which looks very interesting to us. ” What is your view on HUL and the rest of the FMCG players like ITC? Do you think in terms of the sector churn that we are seeing, the FMCG companies will not be in those top three, top four bets that investors would be looking at actively? We have been having an underperformer in our model portfolio.

India Shelter Finance IPO: The India Shelter Finance Corporation Limited has fixed price band of its initial public offering (IPO) at ₹469 to ₹493 per equity share. The public issue worth ₹1,200 crore will open for subscribers on 13th December 2023 and it will remain open till 15th Decemver 2023. So, India Shelter Finance IPO subscription will open on Wednesday next week and it will remain open till Friday next week.

Stock market today: Following weak global sentiments after a retreat on Wall Street, Indian stock market snapped seven days winning streak on Thursday. Nifty 50 index ended 36 points lower at 20,901 levels, BSE Sensex lost 132 points and closed at 69,521 mark whereas Bank Nifty finished marginally higher at 46,841 levels. In broad market, both small-cap and mid-cap indices climbed to a new high.

India Inc is tapping the low-cost private placement route to raise funds like never before. Fund mobilisation through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year.

Levi Strauss & Co. says that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor

₹400 crore via this issue and there is no offer-for-sale component. The allotment for the Suraj Estate Developers IPO is expected to be finalized on Thursday, December 21, 2023. The shares are proposed to be listed on both NSE and BSE with a tentative listing date fixed as Tuesday, December 26, 2023.

₹481. They said that the bull trend on Dalal Street and overcrowded primary market could be the possible reason for such rise in grey market sentiments. DOMS IPO issue date - The public issue will open on 13th December 2023 and it will remain open till 15th December 2023.

Nimesh Chandan, CIO, Bajaj Finserv Asset Management, believes the government will continue its path to incentivise manufacturing and infrastructure in the upcoming Budget. He added that a lot of clarity has emerged around election outcomes from the recent state election results. This reduces the risk of steep volatility in the markets due to political slugfest as we approach the General Elections.

DOMS Industries will open for subscription on December 13. The issue closes on December 15.

LIC share price: Life Insurance Corporation or LIC share price has been in uptrend after hitting life-time low of ₹530.05 on NSE on 31st March 2023. LIC shares bottomed out at the end of FY23 and witnessed huge buying interest among Dalal Street bulls. However, it seems that LIC shares still posses some steam in it.

SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump. The e-commerce giant was a major driver of China’s growing consumer economy as it pioneered online shopping in China.