IPO Financial News

Also Read: S&P Global downgrades Vedanta Resources to CCC, second rating cut this week after Moody's The BSE Smallcap index also rose about a per cent. The BSE Midcap index, on the other hand, jumped 3.7 per cent in September. The Nifty index gained more than 2 per cent during the July-September quarter, but closed lower for a second straight week, dropping 0.2 per cent.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments in the last week of September, which kept investors engaged with subscriptions and listings. Moving on, the first week of October sees strong market buzz - as several initial public offering (IPO) issues are closing and new companies are set to make their debut on D-Street. Let's take a look at some of the companies that are closing for subscription this week, along with few that are getting listed on the bourses.

₹740 crore through an initial public offering (IPO). The company's IPO comprises a fresh issue of up to ₹240 crore and an offer-for-sale (OFS) of equity shares aggregating up to ₹500 crore by a promoter and investors, according to the draft papers.

Bank Nifty has not been displaying significant momentum, primarily due to the lackluster performance of the heavyweight HDFC Bank. Rupak De, Senior Technical analyst at LKP Securities, says it may not be advisable to consider shorting until Bank Nifty drops below 44,500. “A decisive decline below this level could potentially drive the index towards 43,800/43,500.

Securities and Exchange Board of India (Sebi) to raise money from the primary markets. The issue comprises offer for sale (OFS) aggregating up to 14,233,964 equity shares where International Finance Corporation l, NYLIM Jacob Ballas India Fund III LLC and Resurgence PE Investments will look to divest their stakes.

Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he's ready to hunt for a deal.

₹325 crore and an offer for sale of 79 lakh equity shares by a promoter Krishan Lalit Bansal, according to the piping solutions provider Currently, Bansal owns 74.74 per cent stake in the company. In addition, the company may consider mobilising ₹65 crore in a pre-IPO placement round.

₹1,800 crore through an initial public offering (IPO). As per the company's DRHP, its maiden public issue will be through a fresh issue of equity shares with no Offer for Sale (OFS) component. The company is co-owned by Saraf Hotels Limited and Two Seas Holdings Limited, an affiliate of global hospitality company Hyatt Hotels Corporation.

₹15.56 crore from anchor investors on Tuesday, September 26. Vinyas Innovative IPO price band has been set in the range of ₹162 to ₹165 per equity share of face value of ₹10 each.

₹71 to ₹75 per equity share of face value of ₹10 each. E Factor IPO lot size is 1600 equity shares and in multiples of 1600 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels

₹93 per equity share of face value of ₹10 each. Kontor Space IPO lot size is 1200 equity shares and in multiples of 1200 equity shares thereafter.

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₹51 to ₹54 per equity share for the proposed initial public offer. "Exciting news! Mint is now on WhatsApp Channels

₹145 per share and the issue will remain open for bidding till October 3, 2023. The public offer is proposed for listing on BSE SME exchange and the company aims to raise ₹22.04 crore from this public offer. Sunita Tools IPO has received strong demand from investors as the issue has been oversubscribed so far.

₹68 per equity share of face value of ₹10 each. Vishnusurya IPO lot size is 2000 equity shares and in multiples of 2000 equity shares thereafter.

Also Read: Mangalam Alloys IPO allotment finalised: GMP, here's how to check allotment status If you applied for the shares, here's how you can check Digikore Studios IPO allotment status. If you have applied for the Digikore Studios IPO, you can check your Digikore Studios IPO allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) You can check the Digikore Studios IPO allotment status of your application on this link - https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select “Digikore Studios IPO" in the ‘Company Selection’ section.

Capital Small Finance Bank intends to raise money through an IPO by issuing equity shares with a face value of ₹10 each, consisting of a fresh issue of equity shares with an aggregate price of ₹450 and an offer for sale (OFS) of up to 2,412,685 equity shares. The Oman India Joint Investment Fund II, up to 836,728 equity shares, PI Ventures LLP, up to 337,396 equity shares, Amicus Capital Private Equity I LLP, up to 604,614 equity shares, Amicus Capital Partners India Fund I, up to 70,178 equity shares, and other parties listed in DRHP, up to 563,769 equity shares make up the OFS up to 2,412,685 equity shares.

₹16.84 crore from the primary markets. Sharp Chucks and Machines IPO is an SME issue that opened for subscription today, September 29. Sharp Chucks And Machines manufactures and exports of power chucks, Lathe chucks Drill chucks and machine tools accessories.

midcap stocks and doubling money in SME IPOs won't relate to the pain of India's bluechip investors whose top dogs have failed to beat even the benchmark Nifty returns. A study of the performance of BSE500 stocks in the last two years shows that there are 158 counters with negative returns during the period. But what has actually caused heartburn to those looking for consistent compounders is the hibernation phase of top wealth creators like Infosys, HDFC Bank, RIL, TCS and Asian Paints. Largecap IT stocks now top the list of wealth destroyers in the last two years under the leadership of Wipro which has lost over 36% of its value as the Covid-led growth tailwind faded away.

Barrenjoey Capital Partners has reported a $26 million dollar net loss after spending more than $62 million setting up new business units over the past financial year.

Karnika Industries IPO opened for subscription on Friday, September 29, and will close on Thursday, October 5. As per market sources, Karnika Industries IPO allotment is expected to be finalised on Tuesday, October 10, 2023.