IPO Financial News

IIFL Securities stock made a significant move in today's trading session, opening at ₹109 apiece compared to the previous closing price of ₹108.10. It then continued to climb, registering a new 52-week high of ₹112 per share in response to the company's Q2 FY24 earnings report. On Wednesday, the company posted a 94% increase in its consolidated net profit to ₹107.5 crore, up from ₹55.3 crore reported in the same quarter of the previous year.

Mumbai: Investors in the Indian stock market will soon have the opportunity to invest in a novel business enterprise, adding to the diversity of companies available in the market. Astrotalk, the online astrology consultation services provider, is currently in talks with growth and mid-size PE funds and family offices to raise up to $40 million (around ₹333 crore) as part of its pre-IPO funding round, valuing the company at $220 million, people familiar with the company’s plans said. The firm, backed by Kunal Shah’s Qed Innovation Labs, aims to go public in FY25, said Astrotalk CEO Puneet Gupta.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a buy initiation at Arm Holdings, and upgrades at Nkarta, Elastic , and Hudson Pacific Properties.

(Reuters) — Nasdaq on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial-crime products.

The XRP price has gained by a very slight 0.2% in the past 24 hours, as speculation emerges that Ripple is preparing for a possible initial public offering in the US.

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By Niket Nishant, Tatiana Bautzer and Manya Saini

Also Read: IRM Energy IPO: Check GMP today, subscription status, should you subscribe? IRM Energy Limited IPO GMP today, or grey market premium today, is ₹75 per share. This indicates IRM Energy shares were trading at a premium of ₹75 in the grey market on Wednesday, as per market observers. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of IRM Energy share price was indicated at ₹580 apiece, which is 14.86% higher than the IPO price of ₹505.

The NII portion of the issue was booked the most at 1.01x, while that of retail investors was booked 1x. There were no bids yet from qualified institutional buyers (QIB). According to market analysts, the company's shares are trading with a premium of Rs 67 in the unlisted market.

₹82.00 apiece on NSE SME, a premium of 6.49% to the issue price of ₹77.00 per share. Committed Cargo IPO was an SME IPO that opened for subscription on October 06 and closed on October 10. The company raised ₹24.95 crore from the public issue, which was completely a fresh issue of 32,40,000 equity shares and there was no offer for sale (OFS) component.

₹59,608 per 10 grams around 10 am. Also Read: IRM Energy IPO: Check GMP today, subscription status, should you subscribe? (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Manoj Kumar Jain of Prithvifinmart Commodity Research expects gold and silver to remain volatile this week.

“Gold is an integral part of portfolios due to its lower returns correlation to other asset classes including equities. Tactically too, in our model portfolios, we are reducing the allocation to mid and small caps while rebalancing gold,” says Roopali Prabhu, Head of Products & Solutions, Sanctum Wealth. In an interview with ETMarkets, Prabhu said: “If the risk intensifies in financial markets or geopolitical context, we will probably add some gold to our portfolios” Edited excerpts: Indian market seems to be consolidating after hitting a high in September largely on account of global factors. What is your take? Since the beginning of this US rate hike cycle last year, markets constantly believed that the Fed would not hike as much as they were projecting and instead would cut earlier. However, the Fed followed through on its commentary until the recent hawkish pause. The mixed data coming from the US is now being interpreted as resilience and markets finally are realigning their rate cut expectations closer to those of the Fed.

₹480 to ₹505 per equity share. IRM Energy IPO is completely a fresh issue of 1.08 crore equity shares of face value of ₹10 each and there is no offer for sale (OFS) component. At the upper end of the price band, the company plans to raise ₹545.40 crore from the public issue.

The head of BlackBerry Ltd. says he’s hoping for June timing on the initial public offering the company has planned for its Internet of Things business.

IRM Energy IPO: IRM Energy has raised ₹160.35 crore from anchor investors a day ahead of its IPO subscription opening for bidding. IRM Energy initial public offering (IPO) will open for subscription on Wednesday, October 18 and close on Friday, October 20.

₹450-500 crore through the issue. The company had received the markets regulator's nod to float the issue but did not go ahead with the launch. According to the DRHP, the IPO comprises a fresh issue of equity shares aggregating to ₹40 crore, and an offer for sale of up to 2.6 crore equity shares by BanyanTree Growth Capital II, LLC, a Mauritius-based structured private equity.

₹4,000 crore, according to a report by news website Moneycontrol. The size of the proposed IPO may vary later depending on market conditions and share sale strategies of the investors, according to the report. "This is a big listing in the works.

Fintech payments company Ripple released a new job posting on Oct. 16 for a shareholder communications senior manager across multiple locations in and outside the United States. The job posting prompted many crypto enthusiasts to label it as an official hint about the company’s plans to go public.

₹208. Investors can bid for a minimum of 600 shares and in multiples thereof. The face value of the equity shares is ₹10 each and the issue price is ₹20.8 times of the face value.

Indian stocks, which has delivered stellar return to shareholders in YTD. This Indian auto major has backing of various mutual funds and state-owned insurer Life Insurance Corporation (LIC) of India.

KFin Technologies (KFin) have risen 25 percent to currently trade at ₹457 from its IPO price of ₹366. On the back of strong returns and bullishness of the management over their overseas expansion plans, brokerage house Jefferies has retained its ‘buy’ call on the stock and raised its target price to ₹560 from ₹500 earlier. The new target implies a potential upside of over 22 percent.