IPO Financial News

₹133 to ₹140 per equity share for the proposed initial public offer. "Exciting news! Mint is now on WhatsApp Channels

Plada Infotech Services IPO: The initial public offering (IPO) of Plada Infotech Services Limited has opend for subscribers today and it will remain open for bidding till 5th September 2023. The public offer has been made available at a fixed price band of ₹48 per equity share.

₹140.40 per share, 0.28% higher than the issue price of ₹140. Master Components IPO price band was set at ₹140 per equity share of face value of ₹10 each.

equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-year high and signs that Japanese firms have begun to manage their capital more efficiently. A tough 2022 for equity capital markets globally resulted in a backlog of fundraising deals. Japan has also benefitted from far lower interest rates than other countries, billionaire Warren Buffett's lifting of stakes in Japanese firms and a re-allocation of funds away from China amid tensions between Beijing and Washington. Proceeds from initial public offerings and secondary share and convertible bond issues soared 343% to $23.7 billion in the first nine months of the year, LSEG data showed.

The IPO window is open, or at least it’s noticeably ajar. So what does that mean for financial advisors whose clients are interested in venture capital and seek to invest in a company before its shares hit the big board?

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Plaza Wires IPO: Plaza Wires has raised ₹20 crore from anchor investors a day ahead of its IPO subscription opening for bidding. Plaza Wires initial public offering (IPO) will open for subscription on Friday, September 29 and close on Wednesday, October 4. Two anchor investors - Chanakya Opportunities Fund I and Astrone Capital UCC-Arven, participated in the anchor book.

Sebi to raise funds through an Initial Public Offering (IPO). The maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale component of up to 74 lakh equity shares by promoter NextWave Communications, according to the draft red herring prospectus (DRHP), which was filed on Wednesday.

most popular stocks in the market right now is Tata Motors. It’s not only up 60% since the start of the year, but also an incredible 150% since the rally began towards the end of March. And if you go back to the bottom of the covid crash, the stock has been a ten bagger.

₹133 to ₹140 per equity share for the proposed initial public offer. "Exciting news! Mint is now on WhatsApp Channels

Valiant Laboratories was subscribed 50% so far on the second day of the bidding process on Thursday. At 12.19 p.m., the public issue was subscribed 0.5 times, led by strong demand from retail investors, whose category was subscribed 93%. The issue was subscribed to 17% in the NII category.

(Reuters) — China's Dalian Wanda Group has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan ($4.11 billion) to investors in its shopping mall business if the unit fails to complete its initial public offering this year, Bloomberg News reported on Thursday.

Yatra Online made a disappointing debut on the exchanges on Thursday as its shares got listed at a significant discount. Shares of the online travel company listed on NSE at Rs 127, a discount of 10.2% to the issue price of Rs 142, while on BSE, the stock debuted at Rs 130, a discount of 8.4%. However, at 11.57 a.m., the stock was trading 5.3% higher at Rs 136.9 on BSE. «As expected, the Yatra Online IPO saw a tepid listing today and is trading close to the issuance price of Rs 142 per share. However, we believe that the strong growth in the tourism industry will help the share of the online travel market (OTA) to increase at a faster pace than captive players,» Prathamesh Masdekar, Research Analyst at StoxBox, said. «With a technology-driven business which would see benefits of operating leverage coming into play with a larger volume of business, we expect an improvement in the company's profitability going forward.

Stock market today: Yatra Online share price opened at a discounted price during special pre-open session on Thursday. Yatra Online shares listed on BSE at ₹130 apiece on BSE, ₹12 lower from upper price band of Yatra Online IPO.

What is the business overview of Plaza Wires? The company is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast-moving electrical goods under its flagship brand «Plaza Cables». The company's product mix includes different types of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgear, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe and accessories.What is the industry overview of Plaza Wires? The cables and wires industry is estimated to have grown to Rs 1.03 lakh crore in FY23, boosted by increased infra spends by the government. In Tier-I cities, increase in demand and the lack of open spaces to set up towers, coupled with rising demand from infra projects like metro has swelled the demand for extra high voltage (EHV) underground cables.What is the size of the Plaza Wires IPO? The IPO is entirely a fresh equity issue of 1.32 crore, aggregating up to Rs 71.2 crore.What is the price band for Plaza Wires IPO? The company is offering its shares at Rs 51-54 apiece. Investors can bid for a minimum of 277 shares in one lot and in multiples thereafter.What is the structure of Plaza Wires IPO? About 75% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 10% for retail investors.How is the financial performance of Plaza Wires? For the year ended March 2023, the company's revenue from operations rose by a meagre 3% to Rs 183 crore, while net profit jumped 27% to Rs 7.5 crore.What are the objects of Plaza Wires IPO? Net proceeds from the issue are proposed to be utilised towards funding the capex for setting

Hemang Jani, Independent Market Expert, says “from an investment and valuation perspective, that is surely looking quite attractive because you have additional triggers in terms of the unlocking of the value of this Jio Financials, which is still not reflected in the current price. So it is looking quite interesting at this point of time.” This morning, Nuvama has put out a note saying that Polycab could be a play on exports now. Right now, they just have about 12% of their revenues from exports. When they went for IPO, they had an annual profit of almost Rs 500 crore. Right now, they have a quarterly profit of Rs 500 crore. What is the potential for unlocking exports? The wire and cable segment has displayed very strong growth over the last two, three years.

₹92 per share same as the issue price. However, Cellecor Gadgets share price were locked in 5% upper circuit post muted listing.

₹77 per share, 2.7% higher than the issue price of ₹75. Hi-Green Carbon IPO opened for subscription on September 21, and closed on September 25.

Yatra Online listed at a discount of 10.2% to the issue price of Rs 142 on NSE at Rs 127.5 in Thursday's trade. Meanwhile, on BSE, the stock debuted at Rs 130, a discount of 8.4% Backed by retail and QIB investors, the initial public offering of Yatra Online was subscribed 1.61 times on the last day of bidding.

Siddhartha Khemka, V-P, Head of Research (Retail), MOFSL, says “Reliance Industry’s core business which is facing headwinds, will not see recovery in the near term. Jio Financial post listing has not seen much excitement. The telecom business has been pretty stable though. All put together, we would not see a huge upside but I would expect it to remain steady in terms of share price movement for the next couple of weeks.” Do you think the triggers are in place for a meaningful up move from Reliance from these levels? In Reliance, there have been multiple headwinds. If we look at their last few AGMs, they have heavily invested into new-age or the alternate fuels where a few years back, they were talking about net debt-free and cash surplus. Again, with the investment cycle coming up, the core business is getting some pressure. The Singapore GRMs have come off from their highs and that is also hurting the oil business. If you put together all the pieces, the core business where there are headwinds, will not see recovery in the near term. We saw the Jio Financial listing but post listing, there has not been much excitement there. The telecom business has been pretty stable though. All put together, we would not see a huge upside but I would expect it to remain steady in terms of share price movement for the next couple of weeks.

Yatra Online IPO: Listing date of the initial public offering (IPO) of Yatra Online Ltd has been fixed on 28th September 2023 i.e. today. As per the information available in BSE notice, "....