IPO Financial News

10.08 / 11:57

UPS IPO AXY band show TVS Supply Chain IPO: Issue subscribed 55% on day 1 ; retail portion sees good demand

IPO subscription status: TVS Supply Chain IPO was subscribed 55% on day 1. TVS Supply Chain IPO opened today (Thursday, August 10) and will close on Monday, August 14. TVS Supply Chain IPO received positive response from retail investors.

10.08 / 08:57

IPO Provident FIVE Action band 2:1 bonus shares, 1:5 stock split: Multibagger SME IPO turns ₹1.3 lakh to ₹10.30 lakh in six years

Multibagger SME IPO: A long term investor enjoys some extra benefit over a short term investor or a jobber. They not only earn from stock price appreciation but from various other rewards that a listed company distributes from its capital reserves from time to time. These rewards can be interim, final or special dividend.

10.08 / 08:33

UPS IPO MET performer track pricing IPO hopeful Nido herds cornerstones; pricing talks under way

Nido, the childcare business led by former Think Childcare boss Mathew Edwards, has its brokers rounding up cornerstone commitments for its initial public offering ahead of a wider book-build expected to kick off in coming weeks.

10.08 / 08:33

UPS IPO BAY UBS Insignia Financial Credit Suisse ECM boss lands at E&P Financial

E&P Financial is beefing up its equity capital markets business with a key hire, bringing on Credit Suisse head of ECM Hamish Whitehead.

10.08 / 08:15

IPO Provident AXY band TVS Supply Chain Solutions IPO: Retail quota fully subscribed; check GMP and other details

TVS Supply Chain Solutions was subscribed 21% so far on the first day of the bidding process. However, the retail portion was fully subscribed within hours of the issue opening. The category reserved for non-institutional investors was subscribed 7%, and there were no bids from qualified institutional buyers.

10.08 / 04:37

IPO Lowe's Target Platform Sony Hot Stocks: Brokerages on Trent, Zomato, ZEEL, Avenue Supermarts and Oil India

Zomato post its Q1 results and CLSA has a buy view on Oil India. Goldman Sachs remains neutral on ZEEL while recommending a sell on Avenue Supermarts. Morgan Stanley has an equal-weight stance on Trent.

10.08 / 04:01

COST UPS IPO CEO SoftBank Warning Once worth $47 billion, WeWork shares near zero after bankruptcy warning

WeWork shares approached zero on Wednesday after the one-time startup darling warned it could go bankrupt in a stunning reversal of fortune for a company that was once privately valued at $47 billion. The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann. WeWork's woes did not abate in subsequent years.

10.08 / 04:01

IPO Provident AXY band TVS Supply Chain Solutions IPO opens today. Should you subscribe?

Analysts have given a mixed verdict on the IPO due to aggressive pricing. «The issue is priced at 10.5 times based on its NAV of 18.89 as of March 2023. Given good legacy parentage, tech-enabled and process-driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a „Subscribe“ to the issue for long-term rewards,» said Reliance Securities.

10.08 / 03:15

IPO Lowe's SBFC Finance IPO allotment date likely today. GMP, how to check status online

SBFC Finance IPO: Allotment of shares for the initial public offer (IPO) of SBFC Finance Ltd is likely to take place on 10th august 2023 i.e. today. So, those who have applied for the public issue are advised to check SBFC Finance IPO allotment status online by logging in at the official BSE website — bseindia.com.

10.08 / 02:39

IPO Provident Booking AXY band NOT TVS Supply Chain IPO opens today. GMP, review, other details. Apply or not?

TVS Supply Chain IPO: The initial public offering (IPO) of TVS Supply Chain Solutions Ltd is going to hit primary market today and it will remain open for bidding till 14th August 2023. TVS Supply Chain IPO price band has been fixed at ₹187 to ₹197 per equity share and the book build issue aims to raise ₹880 crore from its this public offer. According to market observers, shares of TVS Supply Chain Solutions are available at a premium of ₹30 in grey market today.

10.08 / 01:05

UPS IPO band show Concord Concord Biotech IPO allotment tomorrow: Latest GMP, here's how to check allotment status

IPO listing date has been fixed for Friday, August 18 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Concord Biotech IPO. If you have applied for the Concord Biotech IPO, you can check your Concord Biotech IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

09.08 / 17:53

UPS IPO AXY band TVS Supply Chain IPO: Firm mobilises ₹396 crore from anchor investors ahead of subscription

TVS Supply Chain IPO: TVS Supply Chain said in an exchange filing on August 9 that it has raised ₹396 crore from 18 marquee anchor investors a day ahead of its IPO subscription opening for bidding. TVS Supply Chain's initial public offering (IPO) will open for subscription on Thursday, August 10 and close on Monday, August 14. The company had fixed the price band at ₹187 to ₹197 per equity share for the proposed initial public offer.

09.08 / 17:01

IPO Provident band TVS Supply Chain Solutions raises Rs 396 crore from anchor investors ahead of IPO

SBI Life Insurance, Tata MF, Societe Generale, BNP Paribas, Copthall Mauritius Investments, Authum Investment, Aurigin Master, and Winro Commercial, among others. TVS SCS’ public issue comprises fresh equity shares aggregating Rs 600 cr and an offer for the sale of 14,213,198 equity shares.

09.08 / 15:41

COST IPO Provident Lowe's CEO Warning WeWork shares sink after warning of bankruptcy risk

WeWork warned of a possible bankruptcy in a stunning reversal of fortune for the shared workspace provider that four years ago was one of the world's most prized startups with a valuation of $47 billion. The SoftBank-backed company, valued at just $446.8 million as of last close, has been in turmoil ever since it filed its IPO paperwork in 2019 as investors pointed out governance issues involving its then founder-CEO Adam Neumann. The company went public in 2021 through a SPAC merger after abandoning its IPO plans, but the struggles continued as investors doubted its business model and clients moved to hybrid work since the pandemic.

09.08 / 13:45

IPO Time SEBI changes IPO rules, listing time halved to 3 days; check details

At its board meeting in June, the SEBI board had approved the proposal for reducing the time period for listing of shares in a public Issue from the existing six days to three days, from the date of issue closure (T Day). It had said that the revised timeline of T+3 days will be made applicable in two phases.

09.08 / 13:45

IPO Booking Aware Parke band performer Srivari Spices IPO: GMP, subscription status on day 3, and other key details

₹40 to ₹42 per equity share and the Srivari Spices shares will be listed on the NSE SME exchange Friday, 18 August. Srivari Spices and Foods IPO plans to raise ₹9 crore and the total of 2,142,000 shares have been offered. The company plans to use the net proceeds to fund working capital requirements and meet general corporate expenses.

09.08 / 13:45

IPO band services Vinsys IT Services IPO allotment finalised: Latest GMP, here's how to check allotment status

IPO listing date has been fixed for Monday, August 14 on NSE SME. If you applied for the shares, here's how you can check allotment status of Vinsys IT IPO. Also Read: TVS Supply Chain IPO opens tomorrow: GMP, issue details, 10 key things to know If you have applied for the Vinsys IT Services IPO, you can check your Vinsys IT Services IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

09.08 / 12:43

IPO companies London Stock Exchange exit reports IWG ponders London Stock Exchange exit - reports

The FTSE 250 company’s board has initiated a review of IWG’s reporting currency as well as the potential implications of reporting under US GAAP rather than IFRS.

09.08 / 12:41

UPS IPO AXY band TVS Supply Chain IPO opens tomorrow: GMP, issue details, 10 key things to know

capital market regulator’s approval for the launch of IPO in July. Also Read: TVS Supply Chain Solutions IPO to open on August 10; check details here Here are the 10 key things to know about TVS Supply Chain IPO; TVS Supply Chain IPO date: TVS Supply Chain IPO opens for subscription on Thursday, August 10, and closes on Monday, August 14.

09.08 / 11:35

UPS IPO NASDAQ NYSE Fighting NYSE, Nasdaq Battle for New Listings in Sign of IPO Awakening

The fight between the New York Stock Exchange and Nasdaq to win new stock listings is raging again, in another sign the market for initial public offerings is perking up after a long slumber. The Nasdaq recently won grocery-delivery company Instacart’s listing, set to take place before year-end, according to people familiar with the matter. The exchange also successfully wooed Arm, the big chip designer.

09.08 / 11:13

IPO Provident Airlines band Premium services end Zeal Global Services shares list at 42% premium, end the day at 5% upper circuit

₹147 per share, 42.7 percent higher than the issue price of ₹103 on the NSE SME exchange. Zeal Global Services share price extended gains posting and were locked at 5% upper circuit after making a strong debut. Zeal Global Services share price closed at ₹154.35 apiece.

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