IPO Financial News

Read here: Shanthala FMCG Products IPO: Check GMP, subscription status, other key things to know Shanthala IPO GMP today, or grey market premium today, is ₹0 per share, as per market observers. This means that the company’s shares are trading at par with their issue price, without any premium or discount, in the grey market. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Shanthala FMCG Products IPO opened for subscription on October 27 and will close on October 31.

Also Read: Blue Jet Healthcare IPO allotment: Check latest GMP, here's how to check allotment status The equity shares of Transteel Seating Technologies will be listed on NSE SME with a tentative listing date fixed on November 9. Transteel Seating Technologies IPO size is ₹49.98 crore which is a combination of fresh issue of 67.84 lakh equity shares aggregating to ₹47.49 crore and offer for sale (OFS) of 3.56 lakh shares aggregating to ₹2.49 crore. The IPO price band has been set at ₹67 to ₹70 per share.

Seurat Technologies, a 3D metal-printing startup, on Monday hinted at potentially going public in the medium term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's venture capital arm. With the latest series C funding round, the company's valuation will approach $350 million, said a source who asked not to be named.

Stock market today: Shares of Hi-Tech Pipes have been in uptrend since early morning session. The metal stock today opened higher and went on to hit intraday high of ₹104 apiece levels on NSE, which is just one per cent away from its existing record high of ₹105.20 per share levels. Metal stock witnessed buying interest among Indian stock market bulls after declaration of Q2 results 2023 on weekend.

Mamaearth, will open for subscription on Tuesday. The anchor investor allocation will be done later today. Ahead of the issue opening, the company's shares are commanding a marginal premium of Rs 7 in the unlisted market. Mamaearth has fixed a price band of Rs 308-324 per share for its IPO, which closes on November 2.

ASX aspirant Cuscal has locked in a back-end bookbuild process, bowing to investor concerns about having their funds locked away for several weeks amid increased market volatility, Street Talk understands.

₹567 crore from anchor investors on Friday, October 27. Cello World primarily deals in three categories such as stationery and writing instruments, moulded furniture, consumer housewares, and associated goods.

Most analysts advised investors to subscribe to the IPO over the company's strong brand identity and diverse product portfolio across different categories. Cello World has developed a strong brand identity through effective brand advertisements and marketing campaigns, including «Cello – Companion for Life», «Cello – Rishta Zindagi Bhar Ka, among others. »We believe the company would be a prominent player in its respective business verticals with a large addressable market growth of an average 16%. The strong financials and debt-free nature of the company offer a growth play in the long term.

IPO) of Cello World will open for subscription on Monday. The company has fixed a price band of 617-648 per share for its offer. Ahead of the issue opening, the company's shares are commanding a healthy premium of Rs 90 in the unlisted market. The stationery maker has raised Rs 567 crore from anchor investors where marquee investors including Goldman Sachs, Nomura, SBI Life, Morgan Stanley among others participated. The issue, which closes on November 1, is completely an offer for sale worth Rs 1,900 crore.

IPO) of ESAF Small Finance Bank will be launched on November 3. The issue will be available for public subscription till November 7 and the anchor investors' allocation will be done on November 2. ESAF refiled its draft IPO papers in July this year and received approval for the same from Sebi earlier this month. The price band for the IPO, which includes a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore, will be announced soon. Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion. The offer is being made through the book building process, where about 50% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% for retail investors. The proceeds from the fresh issue will be used towards augmenting the Bank’s Tier– I capital base to meet its future capital requirements. As a small finance bank, ESAF requires at least 75% of its adjusted net bank credit to be allocated to priority sectors.

Read more The shareholders of Reliance Industries (RIL) have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani to the board as non-executive directors. The resolutions were passed through postal ballot. Read more Honasa Consumer, which operates Mamaearth, will launch its three-day initial public offering (IPO) on 31 October, according to its draft prospectus.

Nifty50 ended with weekly declines of 2.5% amid the Israel-Hamas conflict, higher bond yields and the ongoing earnings season. Amid a host of important domestic and global events lined up during this week, know what lies ahead for the stock markets. After relentless selling in recent days, Nifty has temporarily paused its decline due to an oversold chart setup, Rupak De, Senior Technical analyst at LKP Securities said, adding that the index closed significantly below the critical breakdown level of 19,250.

It was November 2021, and Judo Bank was riding high.

Also Read: These 10 smallcaps log double-digit rise even as Sensex posts worst weekly decline in a month; do you own? Sensex and Nifty have slipped 3.18 per cent and 3.17 per cent in the last seven days, posted their worst weekly decline in one month. During the week, all sectoral indices ended in red with media and metal declining the most. In the broader markets, the domestically focused small- and midcaps have lost 5.1 per cent and 6.4 per cent, respectively in the past six sessions.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments this month, which kept investors engaged with subscriptions and listings. Moving on, the first week of November sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’In the primary market during the week 22-27 October, mainboard IPO of Blue Jet Healthcare Limited opened to raise ₹840.27 crore.

₹10,000 and in multiples of ₹1,000 thereafter. The face issue price per NCD is ₹1,000. The issue’s base size is ₹150 crore with option to retain over subscription up to ₹150 crore.

Tata Technologies IPO: After a gap of near two decades, Tata group is going to launch its initial public offer (IPO) in the primary market. One of the Tata group subsidiaries Tata Technologies Ltd has submitted addendum for its public issue after receiving SEBI's nod for the launch of its initial offer. Now, market is eagerly waiting for the launch of upcoming IPO.

Plaza Wires have been maintaining a strong upward trend since their listing, hitting the upper circuit limit with each passing day. The company's shares got listed on the stock exchanges on October 13, 2023, raising ₹71.3 crore through the initial public offering (IPO). The IPO received a tremendous response from investors, as it was subscribed to 160.98 times.

₹1,701 crore, with the issue set to open on 31 October. Claiming to be the fastest company in the category to hit revenues of ₹1,000 crore, it plans to earmark ₹365 crore primarily to amplify its offline presence, explore inorganic growth, and enhance its research and development efforts. With a valuation pegged at $1.2 billion, or ₹10,000 crore at ₹324 per share, Honasa has garnered significant attention and critique on social media regarding its IPO strategies and red herring prospectus.

Sajjan Jindal is reportedly in the process of establishing a significant presence in the Indian auto market. The plan involves acquiring a substantial stake in MG Motor India, a unit of the Chinese company SAIC, and subsequently acquiring Ford's factory in Chennai through a new entity.

₹78 to ₹82. Investors can bid for a minimum of 1600 shares and in multiples thereof.