IPO Financial News

₹53.41 crore from the maiden public offer which is entirely a fresh issue of 48.12 lakh shares. Graphisads IPO price band is ₹111 per share.

IREDA at the bourses was better than Street expectations with a robust 56% over the issue price. This reflects investor sentiment about the strong fundamentals and growth potential of the company. Post the listing, the stock rallied a further 18% and is currently trading at Rs 59.19 on BSE, up 85% over the IPO price of Rs 32. Despite solid listing gains, analysts are quite bullish on the stock from a long-term perspective.

Stock market today: As investors are eagerly awaiting for the announcement of Tata Technologies IPO allotment status, Tata Motors shares witnessed buying interest among Dalal Street bulls during morning deals. This helped Tata Motors shares to extend its rally and touch new all-time high of ₹702.80 per share on NSE. While climbing to this new peak, Tata Motors share price today managed to deliver more than 75 per cent return to its positional investors in YTD.

BSE for Thursday, November 30. Since, the companies off late have been switching to T+3 norms the allotment and listing date are being preponed. If you applied for the shares, here's how Fedbank Financial Services IPO allotment status can be checked.

Stock market today: Shares of Indian Renewable Energy Development Agency (IREDA) Ltd listed on BSE and NSE at ₹50 per share levels, delivering over 56 epr cent listing gain to the lucky allottees against the IREDA IPO price of ₹30 to ₹32 per share. However, IREDA share price further extended its gains and went on to hit intraday high of ₹55.85 per share on NSE, logging around 75 per cent rise against the upper price band of the public issue.

₹50 per share, 56.25% higher than the issue price of ₹32. Indian Renewable Energy Development Agency IPO (IREDA IPO) opened for subscription on Tuesday, November 21, and closed on Thursday, November 23. IREDA IPO price band was fixed in the range of ₹30 to ₹32 per equity share of face value of ₹10.

Deepak Shenoy, Founder, Capital Mind, says “LIC remains an unrecognized play in this entire space. They are probably on route to making more than Rs 40,000-42,000 crore of profits in this quarter. And then we will see this, this is about Rs 400,000 odd crore in terms of market cap as a stock. So, you are paying 10 times earnings and then the earnings will actually increase because LIC share from their participating policies goes up from 7.5% this year to 10% next year.” Honasa Consumer saw a solid surge in the week gone by post its earnings. Today, it is reacting to that entire report of some ESOP shares coming and adding to the supply pressure. Overall, fundamentally, how would you look at this company? We do not have an investment here but they made Rs 29 crore profit in Q2. Their cash flow was quite decent for the first six months of the year, higher than the profits in the first six months. So, they are cash flow positive in that sense. But there is this overhang of sales that are likely to come. Now, of course, we talked about ESOP holders. I think the company has denied the news but there has been news that the ESOP holders will convert their shares and employees are allowed to sell. They do not have a lock-in period after their ESOPs are exercised. So they can sell their shares whenever they want. So if they choose to, it will add to the liquidity of Honasa shares in the market.

Shein has a lot of work to do to convince skeptics that the runway is clear for it to launch an initial public offering next year. The Singapore-headquartered company filed confidentially for a listing in New York, a person familiar with the matter has said, weeks after Bloomberg News reported that it could seek a valuation of as much as $90 billion in a first-time share sale.

investors should expect from these IPOs: What are the chances of investors getting allotments in these IPOs? Four of the five IPOs that closed last week saw heavy subscriptions in the retail category where investors could apply for a single lot worth ₹15,000. Hence the probability for investors who bid in the retail category for IPOs of IREDA, Tata Technologies, Gandhar Oil, and Flair Writing could be slim. For instance, in the case of IREDA, which will be listed on November 29, 71 out of 375 retail applicants received 460 shares.

Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.

Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. To a query about high premiums for some shares in IPOs, Buch said, «Of course, we are fully with you on this as the rationale given for high premia are nothing but some meaningless English words». «We are certainly going to look into it and address the issue,» she said. When asked about concerns in some quarters that some IPOs are priced exorbitantly, the Sebi chief said, «If disclosures on valuation are meaningless then we will certainly look into it.» It can be noted that to boost investors' interest in little-known companies' IPOs, the issuers and their investment bankers quote low face value but the issue is priced high citing a very high premium. On whether Sebi is planning to advise issuers and other market makers to space their issues in a more timely manner and with enough gaps between two issues, Buch said that is not the job of the regulator.

Aster DM Healthcare announced on Tuesday that it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East. The sale is anticipated to be completed in quarter 4 of financial year ending 2024. “The board of directors of Affinity approved the sale of shares held by Affinity in Aster DM Healthcare FZC to Alpha GCC Holdings Limited and the execution of definitive agreements in connection with the Transaction,” said Aster in a filing. The buyer, owned by Aster India's promoters and funds managed by Fajr Capital Advisors Limited, will have a shareholding ratio of 35:65, respectively.

Tata Technologies will list on the exchanges on Thursday, nearly 20 years after a company from Tata Group (TCS) debuted at the bourses. The GMP of the company is strong at Rs 400, which indicates robust debut with 80% premium. There is a high possibility as per street assumption that Tata Technologies can be a wealth doubler candidate post listing. Listing gains aside, analysts are quite bullish on the company even from a long-term perspective. “Technologies' diversified customer portfolio, robust delivery network, and emphasis on innovation further solidify its competitive advantage," said Shivani Nyati, Head of Wealth, Swastika Investmart. The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore.

Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.

Tata Technologies IPO allotment expected soon: GMP, subscription details Tata IPO received bids for 3,12,64,91,340 shares against 4,50,29,207 shares on offer, according to data from the BSE. The offer, which was the most-awaited IPO of the year, opened for subscription on Wednesday, November 22, and closed on Friday, November 24. The subscription status on Day 2 was 14.85 times, and on Day 1, it stood at 6.55 times.

BSE website or at the website of its official registrar — Link Intime Private Limited. Investors can find out if and how many shares they have been given through the basis of allotment. The number of shares allotted can also be seen in the IPO allotment status.

Venture capital investment into Europe's tech industry plunged by half in 2023 as investors continued to reel from the effects of high interest rates, according to data from venture capital firm Atomico.

Investing.com -- U.S. stock futures oscillate around the flatline following a dip in the prior session, but equities remain on track to post November gains. Investors are also eyeing a potentially record-breaking amount of spending by American consumers on Cyber Monday. Elsewhere, reports say fast-fashion retailer Shein has confidentially filed for a U.S. listing, in what could be a boon for the stagnant IPO market.

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Fedbank Financial IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process is being supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Flair Writing IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process is supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.