IPO Financial News

Pashupati Advani, Founder & Chairman, Global Foray, says “I unfortunately bailed out of Paytm a little early, so I am kind of watching it go up and missing it. Zomato is okay and with the World Cup, definitely the numbers have been good and the stickiness is also going to be there. So it is the way India is moving and it is new patterns that are coming up and we actually have to predict those to make money.” How is your portfolio shaping up? What have you been busy analysing and adding in your portfolios? I am a little bit reluctant to add aggressively simply because we are not at highs. But there is a lot of turmoil. I find it very difficult to believe that even though people are slaughtering each other in Israel and Gaza and in Ukraine and Russia, markets continue to trade up sort of quite interestingly. But there obviously seems to be money around. But I am a little surprised at where things are going. I have actually not been so aggressive.

Also Read: Stocks to Watch: SBI, Cello World, IndiGo, Bank of Baroda, L&T, IDFC First Bank Mankind Pharma made a decent stock market debut on May 9, 2023, after the company raised ₹4,326.36 crore from its initial public offering (IPO). The stock got listed at a hefty premium of 20% at ₹1,300 per share on BSE, higher by ₹280 per share from the Mankind Pharma IPO price of ₹1,026 to ₹1,080 per share.

Cello World IPO: Listing date of the intial public offering of Cello World Limited has been fixed on 6th November 2023 i.e. today. As per the BSE notice, "Trading Members of the Exchange are hereby informed that effective from Monday, November 6, 2023, the equity shares of Cello World Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." The BSE notice went on to add that Cello World share price will list on BSE and NSE in special pre-open session.

NEW DELHI : The central government last week notified a regulation to allow unlisted Indian companies to list on foreign exchanges. Thus far, only companies listed in India could seek a secondary listing. Mint explains the development and its implications.

Mamaearth's initial public offering (IPO), managed by Honasa Consumer, successfully reached full subscription on the third day following a slow commencement. The firm has seen a surge in investor interest as evidenced by the significant increase in its Grey Market Premium, which now ranges between Rs 20 — 24.

Dalal Street. In the week gone by, equities ended positive as dovish comments from the US Federal Reserve eased bond yields and reduced the risk-off mood in the market. Global markets will, therefore, continue to be watched for cues in early trade. “The resilience of the global markets will be crucial in determining the sustainability of this positive momentum,” said Santosh Meena, head of research, Swastika Investmart. On the derivatives front, FIIs short exposure in index futures is still at an elevated level of 82%; therefore, there is scope for a significant short-covering rally, Meena said.

JM Financial has reported a total revenue of Rs. 1214 crore during the period ended September 30, 2023, as compared to Rs.

As the saying goes, you can always take a bit more despair – it’s the hope that kills you.  That’s certainly how equity capital markets bankers are likely to be feeling.  After a brief period of joy surrounding the ARM and Instacart IPOs, the market seems to have crunched shut again, and the fourth quarter is expected to be “a little bit weaker” than the run rate for the year, according to Bloomberg Intelligence.

Times are changing at private equity firm Apollo. Not only is the massive fund trying to alter its culture to become less ruthless and more friendly under new CEO Marc Rowan, but it's rethinking the way it pays its most senior people. 

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, November too sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. In the primary market last week, mainboard IPO of Cello World, Honasa Consumer and ESAF Small Finance Bank opened to raise ₹4,064 crore.

Also Read: Over 45 smallcap stocks gain 10-40% as Sensex snaps 2-week losing streak; do you own? On Friday, domestic equity benchmarks Nifty 50 and Sensex ended higher for the second consecutive session amid positive global cues as the risk appetite of investors improved on hopes that the end of monetary policy tightening is near. Nifty 50 closed at 19,230.60, up 97 points, or 0.51 per cent and Sensex closed at 64,363.78, up 283 points, or 0.44 per cent. In the broader market, the BSE smallcap gauge jumped 0.94 per cent while the midcap index climbed 0.71 per cent.

₹490.33 crore from its maiden public offer. Ahead of the opening of the bidding process, here are 10 key things to know about Protean eGov Technologies IPO. Also Read: Mamamearth IPO share allotment finalised: Here’s how to check your application status Protean eGov Technologies IPO Dates: Protean eGov Technologies IPO opens for public subscription on Monday, November 6, and will close on Wednesday, November 8.

BSE and NSE. Investors can now find if and how many shares they have been given through the basis of allotment. The number of shares allotted can also be seen in the IPO allotment status.

What is the business overview of Protean eGov Technologies? Protean eGov Technologies is a leading IT-enabled solutions company engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.What is the industry overview of Protean eGov Technologies? E-governance is the use of ICT to conduct government business and provide public services. The strategic objective of e-governance is to support and simplify governance for all parties: government, citizens and businesses. The growth will be led by technology and platform upgradation, and e-governance initiatives of the central and state governments.What is the size of Protean eGov Technologies IPO? The issue is completely an offer for sale of 61.9 lakh shares.Who are the selling shareholders under OFS in Protean eGov Technologies IPO? Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload their partial stakes.What is the price band for Protean eGov Technologies IPO? The company fixed a price band of Rs 752-792 per share, and at the upper end, it plans to raise Rs 490 crore.What is the structure of Protean eGov Technologies IPO? About 50% of the issue size has been reserved for qualified institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors. Also, the offer includes a reservation of 1.5 lakh equity shares for the company's employees at a discount of Rs 75 per share to the final offer price.How is the financial

BSE and NSE on Monday, November 6, 2023. “Trading Members of the Exchange are hereby informed that effective from Monday, November 6, 2023, the equity shares of Cello World Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," said a BSE notice.

₹1,701-crore worth Mamaearth IPO opened for public subscription on October 31 and closed on November 2. The company has finalised the basis of IPO allotment on Friday, November 3. The equity shares of the beauty and personal care company Honasa Consumer will be listed on stock exchanges BSE and NSE, with a tentative listing date fixed on November 10.

GST collections stood at ₹1.72 lakh crore for October 2023, a jump of 11% compared to the same month last year. UPI recorded an all-time high of 11.41 billion transactions amounting ₹17.16 trillion in October 2023, reporting an 8% jump in volume from the previous month.

Apart from new offers, markets will also see listings of Cello World and Mamaearth, whose IPOs hit the Street a few days ago. Given the massive rush of public issues this year, India’s share (number of IPOs) in the global pie has increased sharply from just 6% in 2021 to 13% in the first half of 2023. Analysts expect this momentum to continue in the near future with the much-anticipated Tata Technologies IPO likely to be launched in the third or fourth week of November. «The stampede to market is expected to keep going well into 2024, with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated,» said Mahavir Lunawat, MD, Pantomath Capital Advisors. Next week, Protean eGov Technologies and ASK Automotive are planning to raise a cumulative Rs 1,324 crore through their public offers.

Protean eGov Technologies IPO: Protean eGov Technologies has raised ₹143.53 crore from anchor investors ahead of its IPO subscription opening for bidding. Protean eGov Technologies initial public offering (IPO) will open for subscription on Monday, November 6, and close on Wednesday, November 8.

The number is the amount you need to earn before you turn 40 so you never have to work again. This man, who was about my age, was close to his number. The economist in me, who finds markets fascinating but was then a poor graduate student, saw this as a warning sign: If an industry is paying high salaries to people who aren’t great at what they do, then something is wrong.

KK Shah Hospitals IPO allotment date: KK Shah Hospitals IPO's share allotment has been finalised today (Friday, November 3). The investors who applied for the issue can check the KK Shah Hospitals IPO allotment status in the registrar's portal, which is Bigshare Services Pvt Ltd.