IPO Financial News

Morgan Stanley Senior Vice President Jim Lacamp gives his economic outlook on «The Claman Countdown.»

CAB’s IPO was London’s biggest this year, with a valuation of £851m, raising £335m from investors.

(Reuters) -Wall Street brokerages largely initiated Birkenstock (NYSE:BIRK) with their top ratings, pointing to a likely boost from the German luxury sandal maker's recent investments to increase capacity, expansion into newer styles and brand loyalty.

Zomato CEO and co-founder, Deepinder Goyal got 33,422 shares in the public issue of Mamaearth's parent Honasa Consumer, reported Moneycontrol after reviewing the bid-allottee data document. Also Read: Mamaearth IPO: What does the latest GMP signal ahead of listing; Check key details However, former Shark Tank judge, Ashneer Grover's name was missing from the list of allottee and non-allotte, reported on the business website. Details of Zomato co-founder Deepinder Goyal mentioned in the documents were confirmed by an MC source.

Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing.

Cello World listed with a healthy premium of 28% on the exchanges on Monday. On listing, the stock witnessed some profit booking and closed the day with a 22% gain over the issue price. Analysts believe the premium listing is justified on the back of reasonable IPO valuations, following a strong product demand, financial track record and reputed brand presence. The IPO received a positive response from investors with subscriptions of nearly 42 times at close. «After such a strong listing, investors may book profit.

CRISIL Report, the company's brand 'ASK' is acknowledged as the top brand in the 2W IAM with respect to production volume for Fiscal 2023 in India. With effect from Fiscal 2022, the company has been providing commercial supplies to Indian 2W EV OEMs, including as TVS Motor Company Limited, Hero MotoCorp Limited, Ather Energy Private Limited, Greaves Electric Mobility Private Limited, Bajaj Auto Limited, and Revolt Intellicorp Private Limited.

₹490 crore from the capital markets, which is a complete offer for sale (OFS). The price band for the offer has been fixed at ₹752–792 per equity share, with a face value of ₹10 each. The net offer is reserved for qualified institutional buyers at 50% of the total offer size, non-institutional investors at 15%, and retail investors at 35%.

Mahavir Lunawat, MD of Pantomath Capital Advisors believes India's economic resilience and its attractiveness as an investment hub are causing a strong influx of IPOs. In an interview with Mint, Lunawat said the IPO trend will continue in H2 2024, with a strong pipeline of over $9 billion. Edited excerpts: Compared to most of the other major economies, India stands out distinctly as one of the bright spots in the world today.

ESAF Small Finance Bank The public offer of ESAF Small Finance Bank (SFB) was booked 5x on the second day of the bidding process. The issue closes on Tuesday. The NII category was subscribed the most at 10.76x, followed by retail investors at 5.12x.

₹57 to ₹60 per equity share of face value of ₹10. ESAF Small Finance Bank lot size is 250 equity shares and in multiples of 250 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels

The number of companies on the Australian sharemarket is set to shrink even further as private equity giants swoop and ASX hopefuls are scared off by onerous governance requirements and “noisy shareholders”.

BSE and NSE at stellar 28 per cent premium during Monday deals. Cello World shares listed on BSE at ₹831 per equity share and went on to hit intraday low of ₹781.50 apiece within few minutes of stock listing.

Data Patterns (India), one of the country's leading defence electronics companies, spiked up nearly 6% to ₹2,031.35 apiece in early trade on Monday, led by robust performance in Q2FY24. During the September quarter, the company reported a 61% increase in net profit, reaching ₹33.79 crore, compared to a net profit of ₹21.05 crore. The total revenue for Q2 also showed growth, rising by 32% to reach ₹108 crore, up from the previous year's Q2 revenue of ₹88 crore.

BSE SME today. On BSE SME, KK Shah Hospitals share price today was listed at ₹56.10 per share, 24.67% higher than the issue price of ₹45.

₹829 per share, 27.9% higher than the issue price of ₹648, and on the BSE, Cello World share price today was listed at ₹831. Cello World IPO opened for subscription on Monday, October 30 and closed on Wednesday, November 1.

Titan Company share price opened with gains of almost 2% on on the BSE on Monday after it reported a better-than-expected September performance led by margins beat. Tata owned-jewellery and watch maker, on Friday had reported a 9.7% YoY rise in its net consolidated profit to ₹916 crore in the September quarter of FY23-24 There was a 21.2% sequential rise in the Titan net profit from ₹756 crore reported in April-June quarter of FY24. Titan’s total consolidated income increased by 37.17% to ₹12,653 in September quarter of FY24, against ₹9,224 crore reported in Q2 FY2022-23.

₹88.90 apiece on the NSE SME, a premium of 27% from its issue price of ₹70 per share. Transteel Seating Technologies IPO opened for public subscription on October 30 and closed on November 1. The IPO share allotment was finalised on November 3.

Protean eGov Technologies IPO: The initial public offering (IPO) of Protean eGov Technologies Limited has hit primary market today and it will remain available for bidding till 8th November 2023. The book build issue has been offered at a price band of ₹752 to ₹792 per equity share. The company aims to raise ₹490.33 crore from its public offer, which is completely offer for sale (OFS) in nature.

stock market. The SME stock listed at ₹107 per equity share, which is Re 1 below the issue price of ₹108 per share. This means the BSE SME stock listed at Re 1 discount opening session of the SME IPO.

“With the election buzz around the corner, steering clear of volatile stocks, especially in the smallcap realm, would be smart,” says Sonam Srivastava, Founder and Fund Manager at Wright Research, PMS. In an interview with ETMarkets, Srivastava said: “Considering the delayed festive season, placing bets on the consumption narrative, commodity and energy sectors, sizable banking and financial entities, and IT stocks, which have caught the eye of FIIs, could be a strategic approach to capitalize on the present dip” Edited excerpts: We have seen markets coming down from highs in both Sensex and Nifty. What is fueling the fall – is it the combination of a rise in US Yields and geopolitical concerns? The Sensex and Nifty have seen a notable correction lately, which seems a bit out of place considering India's strong growth narrative.