IPO Financial News

Nearly 300 companies have debuted on the bourses in the 10 years to FY23, according to experts. An interesting trend that was observed in the IPOs that came this year is that the fresh issue as a percentage of total issue size is at 48% which is highest in the last 8 years, according to Edelweiss Mutual Fund. According to the fund house's chief Radhika Gupta, revival in domestic demand, high-capacity utilization, and improving consumer sentiments mean that more companies will be confident to go public. «Many firms are raising money for capex which is a positive sign. This capex will result in incremental sales for the next 3-5 years,» Gupta said. In the past week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. «The huge appetite for equities stems from the confidence that investors have in the India growth story and the large universe of fast-growing, well-managed companies, which are expected to deliver good profits,» said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Even after a deluge of IPOs this year, the pipeline ahead is equally strong with 77 DRHPs filed, 29 of which are approved while the rest await approval.

Gurunanak Jayanti. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed. The multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm.

BSE) has introduced new guidelines for small and medium enterprises (SMEs) seeking to move to the main board from the SMEs platform. As per the latest guidelines, an applicant firm will be required to have a net worth of at least ₹15 crore for the preceding two financial years to migrate to the main board.

market valuation among key players, with Reliance Industries seizing the spotlight as the biggest gainer. The combined market value of four among the top-10 most-valued firms escalated by ₹65,671.35 crore. Reliance Industries (RIL) maintained its position as the most-valued firm, followed by Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever (HUL), Bharti Airtel, ITC, State Bank of India (SBI), and Bajaj Finance.

₹3,042.51-crore offering witnessed a remarkable subscription rate of 69.43 times. Bids were submitted for 312.65 crore equity shares, valued at ₹1.56 lakh crore at the upper price band, surpassing the issue size of 4.5 crore. Meanwhile, other issues also received decent responses from investors.

₹2.59 lakh crore in the five recently concluded mainboard initial public offerings (IPOs). The week-long bidding frenzy gripped investors as the five companies -Tata Technologies Ltd., Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA) Ltd sustained the IPO pulse in India's primary markets. Read more The Indian civil aviation regulator Directorate General of Civil Aviation has issued an advisory to Indian airlines on Global Navigation Satellite System (GNSS) interference in airspace.

Securities and Exchange Board of India (SEBI) has pledged to address the issue of inflated valuations in Initial Public Offerings (IPOs) as several companies flood the market with their share sales. This week witnessed five companies, including Tata Technologies, launching their IPOs, accumulating an unprecedented ₹2.6 lakh crore in application amounts.

Tata Technologies are in high demand in the unlisted market with the GMP as high as Rs 412. Considering the upper price band of Rs 500, the stock is expected to list at a massive premium of Rs 82% over the issue price. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The tentative allotment for the IPO is November 28 or even before and the listing will likely be on November 30. The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore. The overall subscription was nearly 70 times the shares on offer. The quota reserved for retail individual investors (RIIs) was subscribed 16 times, qualified institutional buyers 203 times, and NII 62 times. Analysts said the strong response for the IPO was due to attractive valuations compared to peers and Tata lineage, which enjoys strong brand value. Tata Tech's FY23 PE ratio stands at 32-33x, as against 105x for KPIT, 40x for L&T Technology Services, and 70x for Tata Elxsi.

₹10 per share on November 26 same as yesterday, which means that there is no change in GMP, according to investorgain.com. This also indicates that the IREDA share price were trading at a premium of ₹10 per share on Sunday. 'Grey market premium' indicates investors' readiness to pay more than the issue price.

MintGenie, Agarwal said that investors must regularly review their mutual fund holdings. Many investors end up subscribing to IPOs based on the brand value however it is necessary to evaluate the following factors before investing in a company: Overvaluation in IPOs is surely a concern as it can lead to unrealistic expectations and subsequent market corrections which could erode investor wealth, especially retail investors. Investors should be cautious and conduct thorough research to understand the true value of the company against its market price.

Tata Motors, on Saturday evening, announced that its subsidiary, Tata Technologies, has finalised the offer price, including the anchor investor offer price, for its Initial Public Offering (IPO) at ₹500 per equity share. The IPO, valued at ₹3,042.5 crore, witnessed a subscription of 69.43 times on the last day of subscription on Friday, primarily fueled by significant involvement from institutional buyers. This offering focuses on engineering and product development digital services.

global market cues with crude oil prices. Markets consolidated in a narrow range and ended marginally higher, taking a breather after the recent surge. After the muted start, the benchmarks tried to regain strength in the following sessions but mixed signals from the global front and divergence among the heavyweights capped the move.

IPO investors would have lost Rs 1,300 crore as interest, says Zerodha Founder and CEO Nithin Kamath. «After a long time, we have had massive activity in the IPO market, with Rs 2.6 lakh crore blocked in bank accounts for IPOs worth Rs 7,600 crore. If this was 2003, it would take 16 working days (or ~1 month), and the entire money would have moved to investment bankers and cost investors (an interest forego) at least 0.5% (assuming 6% pa) or Rs 1300 crores,» Kamath tweeted. As the regulatory regime evolved with time, the T+16 timeline was reduced to T+12, T+6 and then to T+3. «Now, the money never leaves the bank account until allotment.

₹2.59 lakh crore in the recently concluded mainboard IPOs. Apart from Tata Tech, four other mainboard IPOs were also listed this week, including Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA). Praising the smooth listing of all the issues this week in the stock market, Zerodha founder Nithin Kamath said that market regulations have improved phenomenally over the past two decades.

IREDA IPO allotment date: The initial public offering (IPO) of state-owned Indian Renewable Energy Development Agency (IREDA) concluded on November 23 and the share allotment has been finalised today (Saturday, November 25). The investors who applied for the issue can check the IREDA IPO allotment status in the registrar's portal, which is Link Intime India Private Limited.

Stock market vs mutual funds: In the name of diversification, a stock market investor end up adding huge number of stocks in one's equity portfolio, which more look like a mini mutual fund instead of a stock portfolio. So, it is very important for an investor to keep limited number of stocks in one's portfolio and gain subastantially with rise in price of portfolio stocks. According to investment experts, one should have fair allocation of amount against each stocks while making one's stock portfolio.

LIC, whose initial public offering was worth Rs 21,000 crore, by garnering a record number of 73.58 lakh applications. Tata Tech IPO was oversubscribed 69.43 times as investors poured in Rs 1.57 lakh crore by making 73.58 lakh applications. The issue closed for subscription on Friday. In terms of the number of applications, Tata Tech has broken LIC's record of 73.38 lakh applications in May 2022. On Dalal Street, Reliance Power is at the third place as it had got 48 lakh IPO applications in January 2008. Tata Tech IPO Tata Tech IPO saw huge investor interest with the QIB portion getting subscribed 203 times, with the HNI portion receiving bids 62 times the amount on offer.

Buy or sell stocks: Indian stock market continued to trade choppy throughout the week despite Nifty 50 index forming bullish candle on the weekly chart pattern. The 50-stock index went off 7 points and closed at 19,794 levels, BSE Sensex ended 47 points lower at 65,970 mark whereas Bank Nifty index gained 191 points and finished at 43,769 levels on Friday last week. Broad market indices ended marginally higher even as the advance-decline ratio closed at 1.16:1.

Flair IPO: Subscription for the initial public offering (IPO) of Flair Writing Industries Ltd ended on Friday last week. As per the Flair IPO subscription status, the book build issue has been subscribed over 46 times after three days of bidding from 22nd to 24th November 2023. Now, bidders and stock market observers are eagerly waiting for Flair IPO allotment date, which is most likely on 28th November 2023 i.e.

mutual funds often finding themselves at the decision-making crossroads, primarily when investing in Initial Public Offerings (IPOs). IPOs represent both opportunity and risk. This article explores the rationale behind mutual funds investing in IPOs, the risks involved, and the impact on investors.

IREDA IPO: Subscription for initial public offering (IPO) of Indian Renewable Energy Development Agency (IREDA) closed on Thursday. As per IREDA IPO subscription status, the public issue got subscribed subscribed 38.80 times whereas its retail portion got subscribed 7.73 times. In the wake of T+3 schedule, most likely IREDA IPO allotment date is 28th November 2023 in case share allotment is not announced today.