IPO Financial News

Pratik Gupta, CEO & Co-Head, Kotak Institutional Equities, says what the market is liking is the fact that new age tech companies are turning profitable or staying profitable in some cases and the profit margins, EBITDA margins, contribution margins are improving. So that's actually a positive. We think structurally over the next three to five years, this is a good theme. In a couple of cases, unfortunately, these stocks have gone up very sharply. So there could be a near-term pause, but by and large, we are quite constructive on most of the new age companies, the listed ones.” The best could be behind at least for the near term in spaces like defence and railways, which did get pretty frothy about two months back. Yes, I would agree. I think you have got to be a bit careful in those spaces. The stocks have had a very nice run up. They are extrapolating whatever has happened in the last one or two quarters. And that I think is a bit dangerous.

IPO was subscribed 23.86 times on Wednesday, its final day of bidding. The company could raise ₹490 crore at the upper end of the issue price band of ₹792.

BENGALURU : India’s co-working sector, also called the flex workspace sector, modelled itself on WeWork Inc., the SoftBank-backed startup that filed for bankruptcy in the US this week. How does this development impact WeWork India and other companies? Mint explains: WeWork disrupted the commercial office market with its unique co-working model where it took office spaces on lease and rented them to tenants on a short term. This worked well for a few years.

₹254 crore. Painful memories of the overenthusiastic participation of mutual funds (MFs) in the IPOs of new-age internet-based companies, such as Paytm (One97 Communications), Zomato, CarTrade and PB Fintech, continue to haunt retail investors. There were concerns about the high valuations of these companies and the stocks plunged on their listing day.

₹490 crore from the capital markets, which is a complete offer for sale (OFS). Also Read: ASK IPO day 2: Issue subscribed 1.34 times, retail, NII portion fully booked On the final day of subscription (November 08), the robust demand from the retail segment continued, with the subscription rate reaching 8.93 times.

Moneycontrol report said, citing one of the sources. Four other i-bank – Bofa Securities, Jefferies, ICICI Securities and Avendus Capital – are also expected to be signed as potential advisors for the much-awaited issue, another person aware of the matter told the publication. Livemint could not independently verify the development.

Titan Capital’s founders Kunal Bahl and Rohit Bansal, who were among the earliest backers of skincare brand Mamaearth, will reinvest their entire gains from the investment in the company into startups. They had first invested in Mamaearth back in 2017 in the company’s seed funding round. “The success of a start-up is not only in what it builds but also in what it helps build. At @TitanCapitalVC, Rohit and I are committing 100% of our gains from our Mamaearth investment to support the next generation of founders building startups in India,” Bahl wrote in a post on microblogging platform X (formerly Twitter).

Also Read- ASK Automotive IPO: Check out 10 key things to know from RHP before investing The promoters of the Sunrest Lifescience are Mr. Nikhilkumar Y Thakkar, Mr. Amitbhai Shambhulal Thakkar, Mr.

₹268 to ₹282 per equity share of face value of ₹2. ASK Automotive IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

ASK Automotive are currently open for public subscription. Here's a brief look at subscription status and other details. Protean eGov Technologies The IPO of Protean eGov Technologies was subscribed 8.5x so far on the third day of the bidding process.

Payments infrastructure business Cuscal, which was vying to be 2023’s second-biggest IPO after Redox, has deferred its run at the ASX boards.

Brazilian Rare Earths will list on the ASX with a market capitalisation of some $315 million, with Canaccord Genuity and Petra Capital working to raise $50 million.

Since it was founded in 2010, WeWork has not once turned a profit. For years its cash-torching ways went unchallenged, thanks to the reality-distorting powers of its flamboyant founder, Adam Neumann, who succeeded in convincing investors, most notably SoftBank, that it was not an office-rental business but a zippy tech firm on a mission to “elevate the world’s consciousness". At the height of the silliness in early 2019, in the lead-up to an initial public offering (IPO), the company was valued at $47bn.

₹30.11 crore from the SME IPO that closes on November 10. Kalyani Cast Tech IPO is an SME IPO and a book built issue. The IPO has received strong investors’ demand as it has been fully subscribed within hours of opening.

Yatharth Hospital & Trauma Care Services, one of the leading private super specialty hospitals in Delhi NCR, jumped 10.75% to ₹414.95 apiece in Wednesday's early trade. This strong spike was in response to the company's stellar performance in Q2FY24. The company on Tuesday posted a 34% YoY improvement in revenues, reaching ₹171 crore.

Circle Internet, the issuer of USD Coin stablecoin, is eyeing a potential initial public offering (IPO) in early 2024, according to Bloomberg.

Investors who put tens of billions of dollars into WeWork were hoping the co-working space startup would be the next Facebook. It hasn’t turned out that way. WeWork on Monday filed for Chapter 11 bankruptcy, serving as a painful lesson in how easy money fuels speculative investment.

On day 1, Protean eGov Technologies IPO subscription status was 1.80 times, and on day 2 the issue was subscribed 3.22 times. "Exciting news! Mint is now on WhatsApp Channels

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.

GoZero, the bus manufacturer formerly known as TrueGreen, will consider more capital raisings and corporate partnerships as well as a potential float as it tries to drum up interest from debt and equity investors in its expansion plans.

ROX Hi-Tech IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) ROX Hi-Tech opened for subscription on November 7 and will close on November 9. ROX Hi-Tech Limited is a customer-centric IT solutions provider. The company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services.