IPO Financial News

HDFC Bank: The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as HDFC Bank managing director and chief executive officer for three more years till 26 October 2026, the bank said in a regulatory filing. Jagdishan joined the bank in 1996 as a manager in the finance function and became business head of finance in 1999. He was later appointed CFO in 2008.

R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday — becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, RR Kabel will become the first company to list in the T+2 timeline — the second working day after the issue closing on September 15. Capital markets regulator Sebi in August halved the timeline for listing of shares on stock exchanges after the closure of IPOs to three days (T+3) from six days (T+6). The new listing timeframe will be voluntary for all public issues opening on or after September 1 and mandatory for all issues after December 1, 2023. The reduction in timelines for listing and trading of shares will benefit both issuers as well as investors. Issuers will have faster access to the capital raised, thereby enhancing the ease of doing business. «Trading members of the exchange are hereby informed that effective from Wednesday, September 20, the equity shares of R R Kabel Ltd shall be listed and admitted to dealings on the exchange in the list of 'B' Group of Securities,» according to a circular issued by the BSE. RR Kabel's IPO comprised a fresh issue size of ₹180 crore and an offer for sale segment of up to 1.72 crore equity shares.

Signature Global (India) plans to raise up to ₹730 crore through an initial public offering. The IPO comprises an issue of fresh shares of ₹603 crore and a sale of shares worth ₹127 crore by existing shareholders. Of the proceeds from the sale of fresh shares, ₹264 crore will be used to reduce debt and ₹168 crore will be invested in subsidiaries to reduce their debt, the company has said. The promoter group's stake will fall to 69.2% after the IPO from 78.4%.

Instacart’s shares are surging in the grocery delivery company’s stock market debut

startups. “That’s just one factors, there are other factors in terms of our journey. There are obviously implications of us going for an IPO, so I think all those factors are being evaluated including macros and the overall market." Unicommerce offers end-to-end fulfilment solutions, such as procurement, multi-vendor management, inventory, multichannel solutions, reporting, warehouses, drop shipments, inventory management and returns to brands for retailers across online channels.

Instacart opened for trading Tuesday at $42, up 40% from their initial public offering price of $30. The performance signaled that investors are eager to take a chance on young tech companies — but only at the right price. Instacart's market capitalization, including all outstanding shares, totaled $13.9 billion. But even with the stock price pop, the company's valuation remained a far cry from the $39 billion that investors assigned it in the private market in 2021. It was a painful loss to investors who had bought in at that peak, sending a harsh reality check to other start-ups that raised money at inflated valuations.

(Reuters) -Instacart's shares jumped 43% in their Nasdaq debut on Tuesday, giving the grocery delivery app a valuation of nearly $14 billion.

Investing.com — Instacart surged on its stock market debut on Tuesday as investors rushed to buy shares of the online grocery delivery company. 

Instacart was set to be valued at about $13 billion in its Nasdaq debut on Tuesday, as the grocery delivery app's stock was indicated to open 30% higher from its initial public offering price. The San Francisco-based company's IPO was priced at the top end of its $28 to $30 price range, raising a total of $660 million in proceeds, out of which $237 million will go to investors who sold their shares in the offering. The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round. Instacart's strong debut, along with that of chip designer Arm and RayzeBio last week, could encourage other startups to test the waters and potentially revive the IPO market after a near 18-month dry spell. Instacart is debuting almost three years after kicking off preparations for going public and several startups have had to take a cut to their valuations since 2022 as inflation, geopolitical tensions and the Federal Reserve's rapid rate hikes soured the economic climate. The company's long slog to Nasdaq featured some key moments. In 2021, its co-founder Apoorva Mehta stepped down after seven years at the helm and named Fidji Simo, the former head of Meta's Facebook app, its CEO. Its core business also turned profitable in 2022, and the trend has continued in the first six months of 2023, the company disclosed in its regulatory filing last month. Goldman Sachs and J.P.

By Ankika Biswas and Shristi Achar A

Steve Albrecht is hoping Oyo will get there soon. In an exclusive interview with ET, Steve Albrecht, a non-executive independent director on Oyo's board said in terms of corporate governance, the company is at a 'very professional' level at this point and cost controls are better than ever.

Instacart has priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company

Instacart is heading from the supermarket to the stock market. The San Francisco-based grocery delivery company raised USD 660 million in its initial public offering of stock, selling 22 million shares at USD 30 apiece. Its shares were set to begin trading on Tuesday on the Nasdaq stock exchange under the stock symbol «CART».

RR Kabel will debut on the exchanges on Wednesday, September 20. Ahead of the listing, the company's shares are fetching a premium of Rs 96 in the unlisted market. Considering the issue price of Rs 1,035, the stock is expected to debut at a premium of 9.3% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The company has become the first IPO firm to complete its listing under the T+2 timeline.

Investing.com -- U.S. futures point higher, with markets almost certain that Federal Reserve policymakers will hold interest rates steady following a much-anticipated policy-setting meeting that starts on Tuesday. Elsewhere, Instacart shares are set to begin trading in New York after the online grocery delivery service priced its initial public offering at the top-end of its target range, while the United Auto Workers union warns of further U.S. plant closures if fraught negotiations with three major carmakers show no signs of progress.

Signature Global will open for subscription on September 20. The issue closes on September 22.

Tata Group's Tata Capital Ltd is restructuring its operations and expanding its board as part of the Group's plan to take the non-bank lender public, according to the report. “The Tata group is targeting an IPO for Tata Capital in 2025. The board has been expanded, and mergers of some of the group firms under Tata Capital have been done as a part of the IPO plan," Mint reported citing sources. The group is reportedly eyeing a similar listing to that of Mukesh Ambani's Jio Financial Services Ltd last month. “Currently, it is a work in progress, with the IPO process to begin in March 2024 with the appointment of investment bankers," company sources quoted in the report said. As per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified.

₹98 per share to the final offer price. According to market participants, the grey market premium (GMP) of RR Kabel IPO today is ₹96. This indicates RR Kabel shares are trading at a premium in the grey market today (September 19), a day ahead of their listing.

«So, you have seen the supply come to a level where the incremental new supply is just barely 2% to 6%. It is a fairly stable supply environment and the demand environment is very strong and also fairly long term. So, this is a structural story, not just a cyclical story,» says Ashish Jakhanwala, SAMHI Hotels.I want to understand from you which phase of the business cycle in your mind is the hotel sector right now. Some say that it is coming out of a 10-year bad cycle, so now that it has only been one or two years then, now there are still three-four years to go at least because it is a cyclical industry, but this time there are very strong structural tailwinds. To your mind, how is the visibility on the cycle front?So, I think you are absolutely right.

BEIJING — In the years since Alibaba's U.S. listing in 2014, early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it.

Jupiter Hospital listed on Monday at a premium of 30.6% over its initial public offering price of ₹735. The stock opened at ₹960 and hit a high of ₹1,107.5 before closing at ₹1,075.25. The IPO comprised fresh issue of ₹542 crore and an offer-for-sale of 4.45 million shares.