IPO Financial News

Mihir Vora, CIO, Trust MF, says India’s “oil sensitivity to the GDP has reduced because services exports have boomed. It used to be $100 billion, now we are $240 billion. So, we are far bigger in terms of services exports which is reducing the volatility of oil. Yes, there is a current account deficit, but it is much less volatile than what it used to be. So, our external vulnerability to oil has reduced significantly so that is one. And second, again as we all know, compared to 10 years ago, look at the domestic flows.” We are assuming that FIIs will come back. That is a big assumption. Yes.

₹750 to ₹790 per equity share of face value of ₹10. DOMS Industries IPO date of subscription is scheduled for Wednesday, December 13, and will close on Friday, December 15.

The floor price is 75 times the face value while the cap price is 79 times. Investors can make an application for the issue for a minimum of 18 shares and in multiples thereafter. The company is offering a discount of Rs 75 per share to the eligible employees of the company. Ahead of the issue, the company's shares are demanding a premium (GMP) of Rs 330 apiece in the grey market. The company plans to raise Rs 1,200 crore from the public issue with fresh equity aggregating to Rs 350 crore and an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares. The offer is being made through the book-building process, where 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors. The funds raised through the fresh issue are proposed to be utilised for the part funding of the cost of establishing a new manufacturing facility and for general corporate purposes. Doms Industries designs, develops, manufactures, and sells a wide range of 'stationery and art' products, primarily under its flagship brand 'Doms', in the domestic market as well as in over 40 countries internationally. Its core products such as pencils and mathematical instrument boxes enjoy high market shares — 29% and 30% by value in FY23 respectively.

By Gilles Guillaume

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Here's how you can check the status on BSE: Step 1: Visit the BSE Website Step 2: Please select the issue name, that is the company's name in the drop-down list. Step 3: Enter the application number or PAN number to check the allotment status. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case. Step 1: Visit the IPO Allotment Status page on Bigshare Services website Step 2: Select IPO from the dropdown Step 3: Put Application No. and enter captcha and 'Submit'. The IPO of Net Avenue Technologies was subscribed over 500 times.

Sebi has barred two individuals from the securities markets for two years and ordered them to return Rs 82.5 lakh collected from investors through unregistered investment advice services. Also, they have been restrained from associating as directors or key managerial personnel with any listed public company for two years.

Happiest Minds Technologies is one such stock in this regard. The company's shares witnessed an unprecedented rally between December 2020 and September 2021, soaring from ₹313.95 apiece to ₹1,380, delivering a staggering return of 340%. However, the stock has since gone through a fall, falling by approximately 39% to date, reaching ₹840.

₹1,200 apiece on NSE, a premium of 140% to the issue price of ₹500 per share. This was the best listing in the Indian stock market since November 2021.

DOMS Industries are in high demand in the unlisted market. The issue will open for subscription on December 13 and close on December 15. The price band for the Rs 1,200-crore offer has not been announced yet.

Phoenix Group Plc, an Abu Dhabi-based Bitcoin mining and colocation service provider, has reported a significant 50% surge in shares.

₹500 per share, with the stock listing on the exchanges at around ₹1,200. So, retail investors who managed to sell their newly issued shares at ₹1,200 would have made a huge gain of 140% on the issue price, and that too in a very short period of time from the day of applying for the company’s shares to the day of its listing. Investors investing up to ₹2 lakh in an IPO are categorized as retail investors.

Perfios, which provides technology services to financial institutions, is starting to see demand from human resource (HR) firms and ecommerce enterprises, said its chief executive, Sabyasachi Goswami. “There are our onboarding and decisioning (decision-making) capabilities being used in HR and ecommerce industries…These (adjacent industries) can be very significant (opportunity), provided we focus on them,” Goswami told ET.

BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups.

https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html- Net Avenue Technologies allotment link Select "Net Avenue Technologies " in the company name section. Select 'Application No/CAF No or Beneficiary ID or PAN Number.

By Doyinsola Oladipo

₹200 crore. The IPO, with a face value of ₹2, consists of a fresh issue of up to ₹200 crore and an offer for sale (OFS) of up to 9.13 million equity shares by the promoter and investor selling shareholders. As per the DRHP, the proceeds from the fresh issue to the tune of ₹90.13 crore will be used for expenditure for opening the new stores, ₹39.99 crore expenditure for opening the anchor stores, ₹10.04 crore expenditure for renovation of the existing stores, and ₹8.18 crore for funding the capital expenditure requirements for the purchase of new machinery and equipment by the company and its material subsidiary, SOSL, and general corporate purposes.

₹2) made by selling shareholders, including the promoter, and other selling shareholders. As per the DRHP, the promoters are Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, and Ishita Jain.

Mahavir Lunawat, Managing Director, Pantomath Capital Advisors, expects domestic manufacturing, energy, healthcare, pharma and technology to be in focus in this Budget. These would help sustain the economic growth in the coming years, he added. In an interview with MintGenie, he also forecasted that the IPO momentum will continue in 2024.

Ghazal Alagh gave a shout-out to beauty and personal care brand Mamaearth on its seventh birthday. On Tuesday, the co-founder of Honasa Consumer which operates the Mamaearth brand, hit flashback mode and dug out the first formal pitch deck that the entrepreneur couple — Ghazal and her husband Varun Alagh — had shared with venture capitalists (VCs) in 2016 as they tried to raise funds. «Today is Mamaearth’s 7th birthday, seven years ago this day we brought this amazing brand to life which has created a legacy of its own and it’s still in Grade 1,» she wrote. The 35-year-old shepreneur summarised the pitch deck and highlighted seven key points that they had presented to VCs while seeking funds in 2016.

BSE SME today. On BSE SME, the Swashthik Plascon share price was listed at ₹120.10, which is 39.65% higher than the issue price of ₹86.

Wait of two decades for an IPO from the Tata stabl... moreWait of two decades for an IPO from the Tata stable was worth it for investors.