IPO Financial News

Geojit Financial Services, the 50DMA (daily moving average) at 19,570 remains a stiff challenge, above which, expect buyers to not chase prices higher. "This also brings the downside markers forward from 19,262/19,170 to 19,433 or 19,370 which would be critical as turnaround points while we play the 19,840 trajectory," said James. Experts recommend buying technically and fundamentally sound stocks at the current juncture, considering the prevailing uncertainty in the short term.

Multibagger IPO: The initial public offering (IPO) of Senco Gold was launched in July 2023. The public issue was offered at a price band of 301 per share to ₹317 per equity share. The book build issue listed on BSE and NSE on 14th July 2023.

BSE on Monday. On BSE, Protean eGov Technologies Limited share price was listed same as the issue price of ₹792.

Day trading guide for today: Indian stock market finished on a higher note for sixth straight Muhurat trading session on Diwali 2023. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels. Small-cap index surged 1.14 per cent while mid-cap index 0.67 per cent.

It’s not just Gina Rinehart’s Hancock Prospecting that seems keen on Brazilian Rare Earths, the South American resources play that is counting down the days to a $314 million listing on the ASX. Whitehaven Coal, one of the country’s largest coal miners, is lurking on the register, sources say.

Protean eGov Technologies: The listing date of the IPO of Protean eGov Technologies Limited has been fixed on 13th November 2023 i.e. on Monday. As per the information available on BSE, the public issue will be listed on BSE and NSE in a special pre-open session during Monday deals.

Protean IPO: Listing date of the initial public offering (IPO) of Protean eGov Technologies Limited has been fixed on 13th November 2023 i.e. today.

Buy or sell stocks for today: Key benchmark indices of the Indian stock market ended higher for sixth straight Muhurat trading session on Sunday. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels.

₹322.5 lakh crore from nearly ₹320.3 lakh crore in the previous session, making investors richer by about ₹2.2 lakh crore on Muhurat Trading 2023. (Read More)Coal India, the leading coal mining company, announced its Q2 FY24 results on 10 Nov, 2023.

₹17,000 crore per month. Also Read: Down 4%, Nifty Midcap 150 declines more than Nifty 50 in October on global headwinds On Friday, the domestic equity benchmarks Sensex and Nifty 50 settled higher on Friday supported by fag-end buying in select heavyweights, including HDFC Bank and ITC, despite weak global cues. Nifty 50 ended at 19,425.35, up 30 points, or 0.15 per cent, while the 30-share Sensex pack ended 72 points, or 0.11 per cent, higher at 64,904.68.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming holiday-shortened week post Diwali sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. Let's take a look at the companies that are opening for subscription this week, along with few that are getting listed on the bourses.

Kalyan Jewellers India, one of the country's largest jewellery companies, have soared by 230% since last Diwali. The stock initiated its bullish trajectory in July last year and has maintained the same momentum to date, gaining 465%. Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Over the last five months, Kalyan Jewellers stock has achieved successive record highs, with a recent peak on November 09 at ₹359.15 apiece.

Ask Automotive IPO: Allotment of shares have been finalised and those who have applied for the public issue worth ₹834 crore need not to move from pillar to post to check their application status. Ask Automotive IPO allotment status can be checked online by logging in at BSE website — bseindia.com or at the website of its official registrar. The official registrar of Ask Automotive IPO is Link Intime Private Limited and one can login at linkintime.co.in to check Ask Automotive IPO allotment status.

ESAF Small Finance Bank debuted with a premium listing of nearly 20% on Friday. The listing was in line with expectations, following a strong response to the IPO. The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors.

N Jayakumar, MD, Prime Securities, says “it is a stock picker's market as far as the small and midcap end is concerned. We have to be really careful about IPOs. Almost by corollary and by default, we are extremely bullish on being in the larger end of the markets and from that point of view, there are a lot more buys in the larger end and the largecaps also offer a combination of liquidity, valuation comfort and the overall theme that India is the destination of choice for so many people has never been more amplified.” India is in great form not only on the cricket pitch, but also as far as markets are concerned. When you look at the comparative landscape, all the economies are suffering, markets are not doing great but we are barely under 5% from all-time high. We may not have done well on the index front but midcaps have been doing great for the longest period of time. Is this enthusiasm justified or are we seeing early phases of froth building in parts of the market? We have seen the froth build up in one, the small SME exchanges where IPOs have been going gangbusters, listing premiums have been large and virtually every company which has gone there has been able to sail through. It has also been there in some of the small and midcap end of the market. So, at least in the listed space, while we can talk about the space as a whole, inevitably veterans will tell you that we are able to dig out gems even in this market even though certain spaces are overheated.

Multibagger IPO: Money is not in buying and selling of stocks but in wait. This age old investment theroy holds well on initial public offering (IPO) as well. When a person applies for an IPO, its objective can be classifide into two types — listing gain, long term gains along with listing premium.

Protean eGov Technologies Limited IPO: Share allocation for the initial public offering (IPO) of Protean eGov Technologies Limited has been finalised. Those who have applied for the public offer worth ₹490.33 crore, can check Protean IPO allotment status online by logging in at the BSE website — bseindia.com or at the website of official registrar of the public offer.

Gandhar Oil Refinery will open for subscription on November 21 and close on November 23. The allocation to anchor investors will be done on November 20. The company had filed its draft IPO papers last year and received approval for the same in June this year. The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore.

Stock market today: ESAF Small Finance Bank share price today listed on Indian stock market at whopping 20 per cent premium. ESAF IPO listed on BSE at ₹71.90 per share levels whereas on NSE, ESAF shares listed at ₹71 apiece levels. According to stock market experts, fundamentals of the company is strong and ESAF IPO was offered at an attractive valuations.

CarTrade Tech, a multi-channel auto platform provider, saw its share price skyrocket over 14% to hit a new 52-week high in today's trade following the company's Q2FY24 earnings announcement. The company on Thursday announced its Q2FY24 scorecard after market hours, reporting a net profit of ₹12.97 crore, a 130% jump from a net profit of ₹5.58 posted in the same period of last year.

ESAF Small Finance Bank debuted at a premium of 19.8% on the BSE on Friday. The stock got listed at Rs 71.9 on BSE as against the issue price of Rs 60.