IPO Financial News

IPO) of Aeroflex Industries will open for subscription on August 22 and continue till August 24. The allocation to anchor investors will be done on Monday evening. Ahead of the issue opening, Aeroflex Industries is commanding a premium of Rs 60 in the unlisted market.

₹351 crore. The Aeroflex Industries IPO, which closes on August 24, consists of a fresh issue of shares as well as an offer for sale (OFS) portion. Aeroflex Industries IPO GMP today, or grey market premium today, indicates a decent listing of Aeroflex Industries shares.

Vishnu Prakash R Punglia, which will open for subscription on August 24 and close on August 28, has fixed IPO price band of Rs 94-99 per share. The company through its IPO will fetch Rs 309 crore at the upper end of the price band. Jodhpur-based Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company, which specialises in water supply projects.

SoftBank Group-owned chip designer Arm files for a Nasdaq IPO on Monday, investors are set to hone in on a key question — will the company have «exponential growth» due to the boom in artificial intelligence as CEO Masayoshi Son claims? Since acquiring the chip designer in 2016, Son has positioned Arm as the tech investment conglomerate's crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI. Arm «is at the centre of a group of AI-related companies to generate synergies» and «85% of SoftBank Group assets are AI-related companies overseas,» he told investors in June. The billionaire also said he has spent months creating hundreds of inventions with AI-powered ChatGPT that he believes can be realised through Arm.

Pyramid Technoplast IPO: Bidding for initial public offering (IPO) of Pyramid Technoplast Limited opened on 18th August 2023 and it will remain open for bidders till 22nd August 2023. Means Pyramid Technoplast IPO subscription will end on tomorrow and investors have just two days in hand to apply for the initial offer. As per the Pyramid Technoplast IPO subscription status, by 12:15 PM on day two of bidding, the public issue has been subscribed 3.40 times whereas its retail portion has ben subscribed 3.98 times.

Vikas Khemani, Founder, Carnelian Capital Advisors, says: “Our average portfolio valuation is about 19-20 times PE and average portfolio growth is about 17-18%. That tells you that you are in this market also able to find growth stories with a reasonable valuation and with the ROC or ROE portfolio upwards of 17-18%. We are not really worried about the lack of ideas in this market.

TVS Supply Chain IPO allotment: Date for allocation of shares has gone past and announcement in this regard may come any time today. Those, who have applied for the public issue are advised to check TVS Supply Chain IPO allotment status online by logging in at the BSE website or at the official website of the registrar. The official registrar of the TVS Supply Chain IPO is Link Intime Private limited.

“Consumer-oriented industries have bright prospects, thanks to a strong GDP growth rate and a high rate of domestic consumption. As India's per capita income rises, the share of the wallet is shifting from goods to services,” says Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Hajra said: “Unlike China, India has a balanced mix of domestic consumption and savings.

Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Jio financial Services Ltd share price will be in Trade-for-Trade segment for 10 trading days. Hence, during Monday session, JFSL listing will be a part of special pre-open session for IPO and Other category of scrips.

MUMBAI : A clutch of companies that eroded billions in shareholder wealth since their public listing has seen an exodus of retail shareholders, a Mint analysis of exchange data showed. At least 2.2 million retail shareholders, 73 large foreign institutional investors (FIIs), and 22 mutual funds sold shares of 12 large companies, including Nykaa (FSN E-Commerce Ventures Ltd), Life Insurance Corporation (LIC) of India and Paytm (One 97 Communications Ltd), since their initial public offerings.

NEW DELHI : There has not been any meaningful change in Kotak Institutional Equities’ earnings growth outlook for FY24-25 following the June quarter results. Its chief executive officer and co-head Pratik Gupta said the market will continue to consolidate around the current levels for the next few months and there is no major catalyst for a sharp rally or a sustained correction. He believes India’s valuations are not cheap, and index earnings yield is also relatively unattractive versus bond yields.

hotel chain Park Hotel has filed its draft papers with markets regulator Sebi to raise through an IPO. The issue comprises fresh equity issue of Rs 650 crore and an offer for sale (OFS) of Rs 400 crore. Under the OFS, promoters Apeejay Surrendra Trust and Apeejay Pvt Ltd will offload shares worth Rs 80 crore and Rs 296 crore respectively.

Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.Aeroflex Industries The initial public offer (IPO) of Aeroflex Industries will open on August 22 and close on August 24. The anchor investors' subscription will be done on August 21. The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. Under the OFS, promoter SAT Industries will offload the 1.75 crore shares.

RBI in Q3. The Indian Ocean Dipole, which was positive last month has turned neutral. August month’s rainfall is forecast to be the driest since 1901.

Pankaj Murarka, Founder, Renaissance Investment, says “when it comes to IT services, India leads the world and AI gives a new pivot to the whole growth of the Indian IT story over the next five to ten years. IT companies have a new growth pivot which can ensure that they continue this high growth path for the next decade.”There are a bunch of companies coming out with IPOs and getting listed, especially in the small finance space. SBFC got very good reception not only a 40% premium on listing but even follow-up buying. Same was the case with Utkarsh Small Finance which got listed from Banaras and caters to north India as a region. Do you have exposure to that in your portfolio in any manner?One thing I have learned during all these years of my investing is that companies go for IPOs when they are at their best and which is why we tend to have a sort of scepticism towards IPOs because we do not know these companies well in terms of their track record and because companies go to the markets when they are at the best of their business performance.

surged to a 15-month high at 7.44 per cent primarily driven by a rise in food prices especially vegetables, breaching the RBI's upper tolerance level of 6 per cent for the first time in five months. RBI in its August bulletin mentioned the industrial production and trade weakening, the slowing of global recovery after a robust performance in the April-June quarter. The Indian economy is gathering momentum in Q2FY24 with headline inflation expected to average above 6 per cent, said the central bank.

₹94 to ₹99 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Wednesday, August 23. Bids can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.

Instacart Inc. is planning an initial public offering as soon as September, according to people familiar with the matter, adding to a potential rebound for US listings. The largest US online grocery-delivery company could publicly file its plans for an IPO with the US Securities and Exchange Commission as soon as next week, said the people, who asked not to be identified because the information was private.

Tata Motors subsidiary. Dalal Street spectators are eagerly expecting the start of the Tata Technologies IPO subscription date now that the market regulator SEBI (Securities and Exchange Board of India) has given the go-ahead to the company. The Tata Technologies IPO date is anticipated to take place at the end of August or in the middle of September 2023, according to stock market experts.

IPO listing date has been fixed for Wednesday, August 23 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of TVS Supply Chain IPO. If you have applied for the TVS Supply Chain Solutions IPO, you can check your TVS Supply Chain IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

₹151 to ₹166 per equity share of face value of ₹10 each. Pyramid Technoplast IPO garnered a capital of ₹27.55 crore through an anchor book process on Thursday, August 17. Pyramid IPO is made up of fresh issue that totals to ₹91.30 crore and offer for sale (OFS) portion aggregates to ₹61.75 crore on upper band price through the Offer.