IPO Financial News

Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters – Sudhir Rai and Anita Rai.

US Federal Reserve is done with interest rate hike have acted as key catalysts for the foreign fund inflows into emerging markets like India. The FPI inflows into Indian equities during the month of November stood at ₹9,001 crore as against selling of over ₹39,000 crore in September and October together, according to National Securities Depository Ltd (NSDL) data. Taking into account debt, hybrid, debt-VRR, and equities, FPI inflows were at ₹24,546 crore during the month.

Given the substantial gains witnessed on listing days for recent IPOs, it's understandable why investors are eager to participate. Once investors successfully secure allotments, the next dilemma arises—whether to swiftly sell the shares at the peak of their listing gains or to ride the momentum for a while longer. This article delves into an analysis of the top-performing IPOs with bumper listings over the past eight years, aiming to unravel their short to medium-term performance trends. The Year 2023 has been a fantastic year for IPO investors, with its top 10 listing IPOs reporting an average listing gain of 83.2%. However, it might surprise you that this is actually the second-best year in the past decade. The best year has been 2021, where the top 10 IPOs reported average listing gains of a mammoth 127.7%.

BSE SME with the tentative listing date fixed on December 7, Thursday. Also Read: Swashthik Plascon IPO: Check latest GMP, subscription status, other key details If you have applied for the Swashthik Plascon shares, here's how to check Swashthik Plascon IPO allotment status. You can check your Swashthik Plascon IPO allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd by clicking on this link - https://ipo.bigshareonline.com/ipo_status.html Visit the above link, which will take you to Swashthik Plascon IPO registrar's website.

markets rose for the fifth consecutive week driven by strong GDP data and a bullish trend seen in global markets. Return of FIIs, multiple upgrades of India’s economic growth by global firms, added to the overall positivity, analysts said. The IPO market also continued its momentum, which has seen five listings and out of which, four have exceeded expectations, led by Tata Technologies.

drone scheme for women’s self-help groups (SHGs) will boost opportunities and growth for the drone industry and create a win-win situation for both industry and agriculture, senior executives said. “I think this is the biggest news that the drone industry has ever received, because such amounts of funds have never been allocated (in relation to the drone industry),” Agnishwar Jayaprakash, founder and CEO of drone-maker Garuda Aerospace, told ET.

Pen maker Flair Writing Industries made a strong stock market debut with the stock listing at ₹503, 65% above the IPO price of ₹304. Early gains, however, fizzled out as the stock ended at ₹452.70, about 10% below its opening price.

Canada’s largest banks set aside nine per cent more on average for bonuses in fiscal 2023 than they did a year earlier, with increases at all six companies despite a broadly disappointing year for dealmaking.

₹7,378 crore attracted bids worth a whopping ₹2.6 trillion. The Indian economy expanded 7.6% in the second quarter, Thursday’s data showed, beating expectations by a wide margin.

₹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).

₹23.04 crores and it is entirely a fresh issue of 28.8 lakh shares. By the end of the last day of bidding Deepak Chemtex IPO subscribed 403.03 times. The public issue subscribed 475.36 times in the retail category, 96.80 times in QIB, and 642.25 times in the NII category by December 1, 2023 by 7.00 PM as per Chittorgarh.com data.

HPS Investment Partners, the private credit firm carved out of JPMorgan Chase & Co. in 2016, confidentially filed for an initial public offering, according to people with knowledge of the matter.

Nilesh Shah, Founder & CEO, Envision Capital, says: “I still think bottom up, midcaps, smallcaps and emerging growth opportunities is the place to be. There are several sectors. There are talks of a recession in the US, but tier two IT companies will still do well. Some of the online businesses will do well. We have seen a couple of listings off late. That is clearly the space which will outperform. We think this is going to be India's decade. ” Markets have hit an all-time high, you have already started celebrating. I think it is a great day. What a way to end the week or what a way to get into the end of the year. It has been a fabulous year and the markets are reflecting the strength of the Indian economy and the kind of policies that we have been unleashing to foster that growth. A Balasubramanian is saying that SIP is the tip. How about a tip from you? No, the only tip is that be invested, keep the faith. We are on a long-term journey or a marathon of wealth creation. This is truly going to be India's decade. It has already started to be India's decade. We are facing a Goldilocks situation of high growth, moderating inflation. So probably the best tip is to be in the market, be invested, and keep investing more and more. Do not get too worried and bogged down by market levels.

Tata Technologies share price: After strong debut on Dalal Street, shares of Tata Technologies Ltd witnessed some profit booking during early morning session on Friday. Tata Technologies share price today opened upside and went on to touch intraday high of ₹1,348 apiece levels on NSE, delivering to the tune of 170 per cent return to those Tata Technologies IPO allottees who remained invested with the stock after dream debut at Indian stock market.

₹1,339.60 apiece on BSE. Tata Tech share price today touched intraday high of ₹1,348, and low of ₹1,212.80.

Tata Technologies fell nearly 8% to the day's low of Rs 1,218.15 on the NSE on Friday as investors booked profits after a bumper listing for the stocks on Thursday. The stock rallied as much as 180% over the issue price of Rs 500 on Thursday in its stock market debut. Tata Tech stock hit the intraday high of Rs 1,400 on its debut before closing the session at Rs 1,313.

₹501 per share, 64.8% higher than the issue price of ₹304, and on the BSE, Flair Writing shares were listed at ₹503 apiece. Experts in the market felt that Flair's share price would list at a significant premium.

₹288 to ₹304 per equity share with a face value of ₹5. Flair IPO lot size was 49 equity shares, and in multiples of 49 equity shares thereafter.Flair Writing IPO comprised a fresh issue of shares of up to ₹292 crore and an offer for sale (OFS) of equity shares with a face value of ₹2 each by a promoter and others aggregating up to ₹301 crore.

Flair IPO listing date: Shares of Flair Writing Industries Ltd are going to hit Indian stock market today. As per the information available on BSE website, listing date of the initial public offering (IPO) of Flair Writing Industries Ltd has been fixed on 1st December 2023 i.e.

Bonus shares 2023: Shares of Alphalogic Industries Ltd will be in focus when the stock market opens on Friday as its Bonus Issue is scheduled for the day. The company will issue Bonus Share in the ratio of 1:1 which means 1 equity share of ₹10 each for every 1 equity share held to its eligible shareholders. The board of directors of Alphalogic Industries Ltd at its meeting held on October 18, 2023 had recommended the Bonus Issue.

company's market value crossing ₹53,000 crore on Thursday, higher than that of some of its listed mid-cap peers such as KPIT Technologies and L&T Technology Services. Analysts said the 163% surge on the opening day has made Tata Technologies a more expensive bet than some of these rivals with a more diversified client base. But the bet could pay off if investors have the patience to hold the stock for a longer period, they said. Tata Technologies listed at ₹1,199.95 on Thursday, up 140% over its IPO price of ₹500 apiece before closing at ₹1,314.25.