IPO Financial News

Mark Zuckerberg, the founder and CEO of the social media giant, recently completed another milestone, this time a personal one. Taking to Instagram, the billionaire shared a throwback picture of himself posing with his wife Priscilla Chan during their days at Harvard University. In the picture, both Zuckerberg and Chan can be seen sporting casual clothes and matching radiant smiles. The Facebook boss reminisced about their first encounter at a farewell party and their journey from dating to a 20-year-old (and counting!) partnership. “20 years since our first date. We met at a going away party my friends threw for me in college when they thought I was about to get kicked out of school. I asked her out but told her we'd need to go out soon since I might only have a few days left. Later on, I started Facebook, we got married, and now have three wonderful girls. What a wild ride,” wrote the business tycoon.

₹30 to ₹32 per equity share of face value of ₹10. IREDA IPO opens for subscription on Tuesday, November 21, and closes on Thursday, November 23.

Deepak Shenoy, Founder, Capital Mind, says: Next year will continue to be a year for a lot of primary manufacturing businesses. And in some sectors, there will be extraordinarily large profits, including defence and railways. But in the banking sector, we are going to see some profit pool expansion because this year has been one of margin contraction. Also we should see some reasonable profit growth in auto. ” Shenoy also says he is very biased in favour of Reliance as the House is long Reliance and think it is going to be a lot more valuable in the future. “We just have to wait. I do not mind waiting a long time. We do not generally pick a stock only for a year, but in a situation that can last 5 or 10 years, we are comfortable holding until the situation reveals itself.” We have addressed this time and again as to how the grand old blue chips, the likes of HDFC Bank, Reliance have completely eluded the market. You have been quite bullish on Reliance. Where do you see a big trigger coming in from Reliance or do you think Reliance is going to be one of those stories which is consolidated up until now but if the market moves up, it is going to move Reliance along with it instead of being the other way around? Yes, it is interesting that you say that it is one of our largest positions.

Fedbank Financial Services, Epack Durables and Suraj Estate Developers have received market regulator Securities and Exchange Board of India's (Sebi) approval to go ahead with their proposed initial public offerings (IPO). The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process. Fedbank Financial Services' IPO consists of a fresh issue of ₹750 crore and an offer for sale of 70.3 million shares.

Protean eGov Technologies listed at ₹792 on Monday, the price at which the company sold shares in the IPO. After the flat debut, the stock soared as much as 12.5% to a high of ₹890.90 before closing at ₹883. The ₹490-crore IPO was subscribed almost 24 times.

Tata Consultancy Services (TCS) in 2004. “We now wish to inform you that the Company has been informed by Tata Technologies Limited that it has filed today, the RHP dated Monday, November 13, 2023, with the Registrar of Companies, Maharashtra in Pune .

MUMBAI : Biocon Biologics Ltd, the biosimilar arm of Biocon, will consider a listing only after it completes the integration of its Viatris portfolio, which is due by the end of March, the company’s chief executive officer Sreehas Tambe said in an interview. The company is also looking to secure US regulatory approval for Aspart (insulin biosimilar) and Bevacizumab (cancer biosimilar) before going ahead with its initial public offering, he added. Biocon Biologics had acquired Viatris’ global biosimilar portfolio for $3.34 billion in November 2022 in a cash and equity transaction.

Investment banks’ equities teams enjoyed a bumper October after more than $1 billion in block trades crossed traders’ desks last month.

₹792. It rose as much as 12.5% during the day, before trimming some of the gains to close at ₹883. “Seven of the company’s 15 investors sold a small portion of their stakes to help achieve the listing status, but all existing shareholders are invested and believe in the company’s growth story," Protean eGov Technologies Ltd’s managing director and chief executive, Suresh Sethi told Mint. “The price band was set after taking inputs from shareholders and investors.

By Abigail Summerville

(Reuters) — Gold miner Uzhuralzoloto (UGC) set the price range on Monday for its initial public offering (IPO) on the Moscow Exchange, the latest in a series of small capital raises by Russian companies as they adjust to life without Western capital.

Protean eGov Technologies was slightly below expectations given the healthy subscription response for the public offer. The stock listed at Rs 792, which is the same as issue price. However, there was some buying interest in the counter post the listing as stock rose about 12% intraday. The IPO, which was entirely an offer for sale of 61.9 lakh shares, was booked 24 times at close. «We believe the overhang and flat listing was due to offer structure, which is entirely an OFS and hence the company will not get any money from the offer for future growth,» said Prashant Tapse of Mehta Equities. Analysts advised short-term investors to book profits, while those looking at the longer horizon may hold the stock. «Protean eGov Technologies is a monopoly player, but the growth has already matured.

Also Read: China's spending on green energy is causing a global glut The Wall Street brokerage expects India's real economic growth to be 6.5% in 2023 and 6.3% in 2024 - the highest among large economies in the region, but slightly below the Indian central bank's target of 6.5% for fiscal 2024. The benchmark Nifty 50 jumped about 31% between March 2021 and October 2023, a period during which domestic investors remained net buyers each month, helping tide over sustained sales by foreign investors.

₹233. Investors can bid for a minimum of 600 shares and in multiples thereof.

Cryptocurrency exchange, Bithumb is keen on becoming the first industry-related company to get listed on the Korean Securities Dealers Automated Quotations (KOSDAQ).

Morrison & Co-backed data centre owner CDC Data Centres is busy restocking its balance sheet with a new debt package.

The Transport Workers Union has ratcheted up pressure on Virgin Australia over pay agreements as the airline resumes plans to re-list, with another group of workers raising the prospect of strikes before Christmas.

Mihir Vora, CIO, Trust Mutual Fund, says “there have been times where I have been ruthless in selling when the markets turned. Probably I did not catch the top. But even 10% below or 15% below, I do not mind selling. Once I believe that the trend has turned. So, that discipline I always had because I always believe there is no point looking back. So, just because a stock was 15-20% higher 5 days ago, does not mean you cannot sell it now.” Other than the new role and a new leadership position that you have taken up, what else is new? It is a new beginning for me. I am starting a new venture or job whatever you call it and it is very exciting looking forward to the next many years in this. Second, we do not realise but from the stock market point of view, we are in the middle of a dream run.

Also Read: Excitement and worry as stock options trading booms in India Dubai Taxi’s IPO will be the first share sale by the government in more than 12 months, after it raised $8.3 billion selling stakes in four state-owned companies in 2022, including the city’s main water and electricity utility. The IPOs are part of a plan unveiled about two years ago to list 10 state-owned companies in a bid to boost flagging trading volumes and catch up with IPO drives in Abu Dhabi and Riyadh. Dubai paused the listings this year, contributing to a drop in the overall IPO volumes in the Middle East.

Pretean IPO listing: After listing below market estimates, shares of Protean eGov Technologies Limited attracted buying interst post-listing and went on to hit intraday high of ₹824.75 per share on BSE, around 4 per cent higher from the issue price of ₹752 to ₹792 per equity share. According to stock market experts, Protean eGov Technologies Limited has a government-backed operational capacity.

ASK Automotive IPO: Allotment of shares for the initial public offering of ASK Automotive Limited has been finalised and now all eyes are set on ASK Automotive IPO listing date, which is most likely on 15th November 2023. In the wake of T+3 schedule, ASK Automotive IPO listing is expected on third trade session after closure on ASK Automotive IPO subscription. As ASK Automotive IPO closed on 9th November 2023 i.e.