IPO Financial News

₹ 78.40 crores and is entirely a fresh issue of 56 lakh shares. The IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 1000 Shares.

₹16 to ₹18 per share, at the face value of ₹1 per share. The total size of the issue is 5,696,000 shares (aggregating up to ₹10.25 crore).

₹133 to ₹140. Accent Microcell IPO lot size 1,000 shares.

₹92 apiece levels on 28th September 2023 and in less than three months, this stock has risen to the tune of ₹241.45 per share levels, delivering around 160 per cent return against its listing price. The NSE SME IPO was launched on 15th September 2023 at a price band of ₹87 to ₹92 per equity share. The issue was proposed for listing on NSE Emerge platform.

₹70. Investors can bid for a minimum of 2000 shares and in multiples thereof.

Graphisads IPO: The initial public offering (IPO) of Graphisads Industries Ltd opened for subscribers on 30th November 2023 and it will remain open for bidding till 5th December 2023. So, the NSE SME issue will close on tomorrow. The company has fixed Graphisads IPO price band at ₹111 per equity share and Graphisads IPO lot size has been fixed at 1200 company shares.

DOMS Industries IPO: The initial public offering (IPO) of DOMS Industries Limited is going to create history on 13th December 2023. As T+3 listing has become mandatory from 1st december 2023, DOMS Industries IPO will be the first mainboard IPO that is going to hit primary markets in this month. DOMS Industries IPO will open on 13th December 2023 and it will remain open for bidding till 15th December 2023.

rupee settled at 83.29 against the dollar. “Indian rupee is expected to trade within a small range with a bit of appreciation bias as flows, IPOs, FDIs to continue after a spectacular win for the Prime Minister Narendra Modi in Hindi heartland.

Indian primary markets in 2023. In the initial months, we saw a muted atmosphere, but as time unfolded, so did the narratives. In recent months, the number of IPO listings has surged remarkably.

Track assembly election results here S&P Global Rating has raised India's GDP growth forecast for the FY24 from 6.0% to 6.4%, instilling optimism across the broader market. The heightened confidence suggests that the Nifty50 could comfortably breach the psychological barrier of 20,000 and retain these gains for long-term support. The bold performance of the global markets and IPO listings is adding glitter to mid & small caps.

Tata Tech share price is falling today for the second session in a row as it fell to close at ₹1,220 on December 1. Tata Tech share price so far has touched an intraday high of ₹1,244.6 and an intraday low of ₹1,151.

Kunj Bansal, National Institute of Securities Markets (NISM), says “there is a lot of money available in the market and in such a scenario even not so good companies with expensive valuation gets subscribed multiple times, leave aside good companies getting expensive valuations and getting oversubscribed. As a result one does not get any allotment in the IPOs and so instead, one should focus on the valuation at which one is comfortable for entering into such companies post listing.” TCS buyback has opened, the Rs 17,000-crore buyback and it is coming in at a premium of almost 20-25% from the current market price. Would you recommend people to tender their shares? These days the buybacks have become synonymous with dividends.

MUMBAI : Corporate India has often been praised by investors for maintaining a stronger cash position and for being debt-free, Subhrajit Roy, managing director and head of global capital markets, Bank of America, said in an interview. He anticipates an acceleration in capital markets activity in 2024, in view of the deleveraging of corporate balance sheets and restarting of the capex cycle. Edited excerpts: 2023 has been interesting and the activity has been in phases.

While Nifty is up over 11% so far in the calendar year, India's m-cap has increased by about Rs 55 lakh crore in 2023, led by the outperformance of small and midcap stocks as well as a flood of IPOs on Dalal Street. India had joined the coveted $3 trillion club in May 2021. The journey of market capitalization of Indian listed companies from $2 trillion (July 2017) to $3 trillion (May 2021) took about 46 months, whereas the last $1 trillion i.e., from $3 trillion to $4 trillion took only about 30 months. While the $4 trillion market capitalization is an important milestone, data suggests that only 0.35% of the total private companies registered with the Ministry of Corporate Affairs, Government of India are listed on the Exchanges, indicating an enormous number of companies which can tap the equity market for their funding needs. In the current financial year as of October 2023, more than Rs 5,00,000 crores have been mobilized through primary markets across equity and corporate bonds.

FPIs again made a comeback in the Indian stock markets in November and pumped in Rs 9,000 crore amid fall in US treasury bond yields and the resilience of the domestic market. Additionally, Foreign Portfolio Investors (FPIs) made a net investment of Rs 14,860 crore in the debt market last month, making it the highest level in six years, data with the depositories showed. Going forward, FPI response will be crucially determined by the market trend, which, in turn, will be influenced by the state election results, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. If the state election results turn out to be favorable for the ruling dispensation, the market will stage a rally, and overseas investors are unlikely to miss that rally by big selling, he added. According to the data, FPIs made a net investment of Rs 9,000 crore in Indian equities in November. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September.

₹1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Sensex hit its 11-week high, closing at the highest closing level since September 18, and logged its fifth straight weekly gain, along with Nifty 50.

Insurance Corporation of India (shareholders' director) Regulations, 2023 have been notified in the Gazette of India on December 1, 2023," said the life insurance company in its stock exchange filing on Saturday. Also Read: LIC introduces a new plan named Jeevan Utsav; all you need to know The board of directors will appoint a shareholders' director for a 4 years tenure. The person holding the position would be eligible for an extension of his tenure for four more years, mentioned LIC in its Gazette notification.

Indian equity market has witnessed an astounding surge in IPO activity, defying global economic uncertainties and underscoring the resilience of the Indian economy. Post the 2020 Covid crash, Rossari Biotech initiated the wave of IPOs, witnessing overwhelming subscription and listing success. This event paved the way for numerous IPOs, demonstrating the robustness of Indian equity markets and attracting investments from various segments, including fervent participation from HNIs and retail investors. Over the past three years, the main board IPOs have displayed remarkable strength. In 2021, 63 companies went public, raising Rs 1.2 lakh crore. Despite global market challenges, 2022 witnessed 40 IPOs, accumulating Rs 60,000 crore. As of November in 2023, 48 companies have already gone public, raising more than Rs 45,000 crore. This IPO surge extends to the SME space as well, with 2023 breaking records with 156 IPOs, raising more than Rs 4,200 crore. The increasing average ticket size in SME IPOs, from Rs 13 crores in 2021 to Rs 18 crore in 2022 and Rs 25 crore in 2023, indicates that promoters are seeking larger capital to fuel their growth ambitions, and investors are responding positively to these opportunities. The active participation of retail investors has been a key driver of this IPO boom, often resulting in massive oversubscriptions. This reflects a growing appetite for equities among retail investors and a heightened confidence in the Indian economy.

Also Read: Not whole mid, smallcap segment expensive; bullish on power sector, says Sandeep Bagla of TRUST Mutual Fund This robust rally is attributed to several factors, including strong economic growth, impressive corporate earnings, a decline in crude oil prices, and the increasing trend of retail investing along with Foreign Portfolio Investment (FPI) inflows. The recently released GDP numbers for India on Thursday revealed a significant expansion of 7.6% in the September quarter of the current fiscal year, surpassing the expectations of analysts.

Geojit Financial Services, said, “The IPO market maintained its vibrancy, highlighted by Tata Technology's monumental listing, fostering increased investor confidence in riskier assets." The first week of December 2023 will also remain packed with some new listings and IPOs in both main-board and SME segments, which will be available for subscription. Among ongoing issues, Net Avenue Technologies IPO will close for bidding on Monday, December 4, Marinetrans India IPO and Graphisads Ltd IPO will close on Tuesday, December 5. Here’s a list of IPOs which will remain open for subscription next week, along with new listings — Sheetal Universal Ltd, the agricultural commodities supplier, will open for subscription on December 4 and will close on December 6.

₹500 crore through an initial public offering (IPO). The maiden public issue of the Jamshedpur-based company comprises a fresh issue of shares worth up to ₹250 crore and an offer for sale (OFS) of shares aggregating up to ₹250 crore by promoters, according to the Draft Red Herring Prospectus (DRHP). The OFS portion consists of equity shares to the tune of up to ₹168 crore by Sudhir Rai and ₹82 crore by Anita Rai.