IPO Financial News

₹204 - ₹215 per equity share at a face value of ₹10 each. THIS COPY IS BEING UPDATED. KINDLY CHECK BACK FOR MORE UPDATESGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

RR KabelThe issue of RR Kabel has gained momentum on the final day of the bidding process with the overall subscription at 3.26 times. All the categories are fully subscribed, led by institutional investors (5.45x).

IPO subscription status: Samhi Hotels IPO has been subscribed 10% on day 2 so far. Samhi Hotels IPO has opened for subscription on Thursday, September 14, and will close on Monday, September 18. Samhi IPO's retail investors portion was subscribed 50%, NII portion was subscribed 4%, and Qualified Institutional Buyers (QIB) did not receive any subscription.

Investing.com — U.S. stocks rallied on Thursday after stronger than expected retail sales pointed to a resilient economy even as inflation data came in hotter than expected.

Investing.com -- Shares in Arm opened at $56.10 in New York, about 10% above the chip designer's initial public offering of $51.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 31% on day 2, so far. Zaggle Prepaid IPO has opened for subscription on Thursday, September 14, and will close on Monday, September 18. Zaggle IPO's retail investors portion was subscribed 1.40 times, NII portion was subscribed 19%, and Qualified Institutional Buyers (QIB) did not receive any subscription.

SoftBank Group Corp.’s Masayoshi Son, whose record on tech investing took a drubbing after flameouts like WeWork and DoorDash Inc. fueled a record $32 billion loss at its Vision Fund arm in the last fiscal year, was determined to turn the tide. So as he and the investment firm’s other top executives met with bankers to plot this week’s initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch. They didn’t want any last-minute hiccups with buyers pulling out, they dreaded pushback on the valuation, and, most of all, they wanted to set a price that would almost guarantee the shares would pop on their first day of trading.

IPO Subscription Status on day 2 was 1.40 times, and day 1 was 25%. RR Kabel IPO aims to raise ₹1,964.01 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.

IPO Subscription Status: The initial public offering (IPO) of wires & cables manufacturer RR Kabel has been fully subscribed so far as the issue received decent inventors’ participation. RR Kabel IPO opened on September 13 and will close today, September 15. RR Kabel is a prominent player in the Indian consumer electrical industry, specializing in wires & cables (W&C) and fast-moving electrical goods (FMEG) for over two decades.

Out of the 105 SME IPOs that got listed on Dalal Street so far in the calendar year 2023, a majority 84 have given positive returns. This translates into a win rate of 80%, which means four out of every five SME IPOs made money. Out of them, 41 have turned multibaggers with the highest returns going up to 357%. The spectacular bull run is making many bluechip investors uneasy who are now tempted to shift a part of their portfolios to chart-busting minion stocks. Last week, Basilic Fly Studio IPO, received bids worth a whopping Rs 14,000 crore against its modest issue size of Rs 66 crore and this week Morgan Stanley picked a stake in Rs 43 crore SME IPO Chavda Infra.Jaw-dropping returns in SME IPOsKrishca Strapping Solutions IPO, which listed on May 26, has rallied 357% from IPO offer price.

ipo listing date: Kahan Packaging share price listed on BSE SME at a premium on Friday. On the BSE SME, Kahan Packaging shares were listed at ₹152, 90 per cent higher than the issue price of ₹80. Kahan Packaging IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8.

₹135 to ₹142 per equity share of face value of ₹1 each. Yatra Online IPO raised ₹348 crore from anchor investors on Thursday, September 14. Yatra Online IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors.

EMS IPO: Announcement of share allocation can be done anytime today as most likely EMS IPO allotment date is 15th September 2023. However, after share allocation, bidders need not to move from pillar to post as they can check EMS IPO allotment status online by logging in at BSE websire or at the website of official registrar of the EMS IPO. KFin Technologies have been appointed as official registrar of the IPO.

Cellecor Gadgets IPO: The initial public offering (IPO) of Cellecor Gadgets Ltd has opened today and it will remain open for bidders till 20th September 2023. The SME company has announced price band of the book build issue at ₹87 to ₹92 per equity share. The book build issue has been proposed for listing on NSE SME exchange and the company aims to raise ₹50.77 crore from its initial offer.

Pashupati Advani, Founder, Global Foray, says “the government between now and the elections next May is going to try and complete a lot of infrastructure projects and that is going to put huge pressure on cement, steel, chemicals that are used in construction as well as the construction companies that have got the work. So, those are the ones that you can quite safely buy, at least for the intermediate term of the next seven to eight months which is like a good run.”Do you think there are more legs to the PSU banking rally and any stock that you would want to discuss from that pack?All PSUs are doing well simply because the government is spending and has a mission to get a lot of projects done and obviously the PSU banks are easily going to supply money for that. So, as long as that continues, one needs to be long on PSU banks simply because the government is not going to default, they are making a good spread on the interest and they are also expanding their books.

chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years. The shares opened at $56.10 on the Nasdaq Thursday after having been priced at $51. They closed at $63.59, giving Arm a market value of $68 billion. Most consumers use at least one product that contains Arm's chips, though many people may not be familiar with the company itself.

Arm Holdings may have to wait at least a day before the stock becomes available for shorting, analysts said. Shares in SoftBank's Arm Holdings opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. Short sellers who aim to sell borrowed shares to buy them back at a profit, however, may have to bide their time since the newly-minted shares might not be available to borrow for shorting just yet. Investors can begin selling the shares short as soon as their broker has reasonable grounds to believe that the security can be borrowed — in market parlance, be able to «locate» the shares, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. Prime brokers or brokers usually will at least wait until a day after the IPO to give a 'locate' on the shares, to get an idea on how much stock lands in lendable or marginable accounts, Dusaniwsky said. Investors looking to trade in ARM options, another avenue to place bets on the future price of the shares, may have to wait till next week as certain regulatory requirements on trading thresholds have to be met before options exchanges can list contracts on the newly-listed shares. «I have every reason to believe that when ARM options are listed they will be very popular,» said Steve Sosnick, chief strategist at Interactive Brokers. Arm shares were last up 15.80% at $59.06.

NEW DELHI : EbixCash Ltd, payment services company that plans to go public, is yet to disclose in its draft share sale documents an adverse arbitration order passed by a Singapore court in June that could cost it ₹100-200 crore. The firm, a unit of Nasdaq-listed Ebix Inc., received the markets regulator’s approval for a ₹6,000 crore IPO in April. EbixCash purchased gift card provider ITZCash in 2017 and rebranded it to Ebix Payment Services (EPS), which now forms a big chunk of its business.

₹348 crore from anchor investors on Thursday. The Initial Public Offering (IPO) will open for subscription on Friday and will close on September 20. Also Read: Yatra Online IPO opens tomorrow; GMP, price band, dates and other details The online travel firm raised the amount from 33 anchor investors on Thursday, a day before its initial public offering.

NEW DELHI : As online travel agency Yatra Online Ltd’s IPO will open for subscriptions this Friday, its co-founder and CEO, Dhruv Shringi, in an exclusive conversation with Mint, said there are strong tailwinds behind the business, and this is the right time to list. The company plans to use ₹150 crore from the IPO proceeds for strategic investments, acquisitions, and inorganic growth, while ₹392 crore could be used for investments in customer acquisition and retention, technology, and organic growth initiatives. The company’s IPO will be priced at ₹135-142 per share.

When shares of Arm, the British chip designer, began trading on the Nasdaq stock exchange Thursday in the year's biggest initial public offering, investors, tech executives, bankers and startup founders were watching closely for how it performed.