IPO Financial News

The chief executive of Mexican fast-food chain Guzman y Gomez, Steven Marks, says he is “not going anywhere” and will keep his grip on the ASX-hopeful as it eyes an initial public offering as soon as next year.

BSE notice, effective from Monday, September 11, 2023, the equity shares of Ratnaveer Precision Engineering Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' group of securities. Ratnaveer share price will open on BSE and NSE during special pre-open session at 10:00 AM on Monday and the scrip will be in Trade-for-Trade segment for 10 trading days. According to stock market experts, company has witnessed good growth in business and revenue and the issue was reasonably priced as well.

IPO listing date has been fixed on 11th September 2023 i.e. today.

By Echo Wang and Anirban Sen

Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, the Wall Street Journal reported on Sunday. The company is expected to disclose the valuation range when it begins a marketing campaign, which could happen as soon as Monday, the report said, citing people familiar with the matter.

(Reuters) — Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, according to a person familiar with the matter.

Yatra Online Limited (yatra.com) will see its initial public offering open for public participation on September 15. The company had filed its DRHP with SEBI on March 24 last year. The issue comprises of a fresh issue size of Rs 602 crore and an offer for sale of upto 12,183,099 equity shares.

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’There was decline in IPO activities in 2022 and expected to have a jump of 30 per cent in IPO issuance in 2023.

₹392 crore from ₹490 crore after performing a pre-IPO placement in two tranches in August and raising ₹98 crore from investors. Now, the size of the fresh issue is reduced to ₹392 crore. The company's offer for sale (OFS) component was reduced from 1.05 crore equity shares to 1.04 crore shares after one of its selling shareholders exited the issue, according to the RHP.

This week, IPOs of three companies including RR Kabel, SAMHI Hotels, and Chavda Infra (SME), will open for subscription. «A strong pipeline of over USD 9 billion, which has been approved by capital markets regulator Sebi, and another USD 6 billion filed with the capital markets watchdog, of which USD 10 billion should fructify. Remaining fiscal 2023 looks promising for primary markets,» Mahavir Lunawat, Managing Director of Pantomath Capital Advisors. «Next week looks promising with IPOs like EMS Limited, RR Kabel among others on the horizon, targeting to raise cumulative funds amounting to Rs 3200+ crore,» Lunawat added. Further, it is encouraging to note that as the IPO market is sizzling, FPIs have poured over Rs 21,000 crore into IPOs in Apr-Aug’23, he said.Mainboard IPOsRR KabelThe initial public offer (IPO) of consumer electrical product maker RR Kabel would open for public subscription on September 13.

global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:

macroeconomic data, crude oil prices, global cues, and more. Despite the US 10-year bond yield surpassing 4.3 per cent, the dollar index reaching above 50, and Brent crude trading at over $90, the Indian market displayed remarkable resilience last week. Frontline indices Sensex and Nifty settled higher for the sixth consecutive session on Friday, despite a cautious global market.

Jupiter Hospital IPO: The initial public offering (IPO) of the Jupiter Life Line Hospitals Limited opened for subscription on 6th September 2023 and it ended on 8th September 2023. In these three days of bidding, the initial offer received strong response by bidders. As per the Jupiter Hospital IPO subscription status, the public issue has been subscribed 63.72 times.

Rishabh Instruments IPO: Listing date for the initial public offering (IPO) has been fixed on 11th September 2023. As per the BSE notice, effective from Monday, September 11, 2023, the equity shares of Rishabh Instruments Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities. Rishabh Instruments shares will be listed on BSE and NSE in a special pre-open session on Monday at 10:00 AM.

EMS IPO: The initial public offering (IPO) of EMs Limited opened for subscription on 8th September 2023 and it will remain open for bidding till 12th September 2023. Waste water management service provider company has fixed EMS IPO price band at ₹200 to ₹211 per equity share and it aims to raise ₹321.24 crore from this initial offer. As per the EMS IPO subscription status, the public issue got fully subscribed on day one of bidding.

Ratnaveer IPO: After announcement of Ratnaveer IPO allotment status, listing date for the initial public offering (IPO) of Ratnaveer Precision Engineering Ltd has been fixed on 11th September 2023. As per the BSE notice, effective from Monday, September 11, 2023, the equity shares of Ratnaveer Precision Engineering Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' group of securities. Further in terms of SEBI circular No.

chip designer owned by SoftBank Group Corp that is seeking roughly $5 billion in its stock market debut, has seen investor demand that is six times the amount it is asking for, people familiar with the matter said on Friday. While the oversubscription does not guarantee a strong performance for Arm's blockbuster U.S. initial public offering (IPO), it makes it more likely that the company will at least reach its targeted price range of $47 to $51 per share, the sources said. That price range values Arm at $50 billion to $54.5 billion on a fully diluted basis.

IPO) of Thane-based Jupiter Hospital was subscribed 63.72 times on Friday, the final day of bidding. The issue received bids of 54.15 crore shares against the 84.97 lakh shares on offer. The non-institutional investors or high net worth investors portion was subscribed 34.75 times, while the qualified institutional buyers' portion was subscribed 187.32 times. The retail investor's segment was subscribed 7.73 times the portion set aside for them.

₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on Friday, citing sources. The Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion it was targeting when it considered raising a private funding round last year, according to the report.

₹23 per equity share and the share will be listed on the NSE SME exchange Thursday, September 21. Jiwanram IPO, which is worth ₹17.07 crore, is completely a fresh issue of 74,22,000 equity share; there is no offer for sale (OFS) component. The face value of the equity shares is ₹10 each and the issue price is 2.30 times of the face value.