IPO Financial News

08.08 / 01:13

UPS IPO Enterprise Metro Matrix star Concord Another Jhunjhunwala long bet blooms with Concord Biotech offer

Concord Biotech launched its IPO Friday, joining the ranks of the late billionaire's other private investment portfolio companies such as Star Health, Metro Brands and Nazara Technologies that have gone public in the past couple of years. The ace investor often called India's Warren Buffet, first invested in Concord in 2004 and later helped the company's founder in buying back the company from pharma major Mylan in 2009.

08.08 / 01:13

UPS IPO Provident Target FIVE performer private credit ASK wealth advisory arm unveils 1st private credit fund

ASK Private Wealth, the wealth advisory and family office arm of ASK Group, has joined the likes of Avendus and Vivriti by launching its first private credit fund to raise up to ₹1,000 crore to lend to corporates in the performing credit space. ASK has hired Shantanu Sahai former head of debt at Nomura India as senior managing partner and head of the fund.

07.08 / 18:59

IPO FIVE Manufacturing Assurant track Bajaj Hindusthan plans to infuse fresh equity into business: Chairman Kushagra Bajaj

Bajaj Hindusthan Sugar, one of India's largest sugar and ethanol producers, is looking to turn the corner by putting its debt issues behind. In an interview, chairman Kushagra Bajaj told ET's Deborshi Chaki about the group's plans to infuse fresh equity into the business, which will entail zero haircut for the lenders. Edited excerpts:Where are you with your conversations with the lenders of Bajaj Hindusthan to reach a settlement? There was an error of judgment on our part when we defaulted and, by the time we rectified the mistake, the matter had already reached NCLT.

07.08 / 18:47

UPS IPO Provident Assurant NIFTY Ant Ant transfers 10.3% in Paytm to Sharma

MUMBAII, NEW DELHI : Ant Group transferred about 44% of its stake in One 97 Communications Ltd, which runs Paytm, to founder and chief executive Vijay Shekhar Sharma, a move seen as an effort to reduce the Chinese company’s ownership in the Indian fintech giant. Paytm said Resilient Asset Management BV, an overseas entity owned by Sharma, will acquire the ownership and voting rights of 10.3% of the stake in the company held by Antfin (Netherlands), a unit of Ant Group, formerly known as Ant Financial. Upon successfully completing this transaction, Sharma’s Paytm holding will increase to 19.42%, making him the company’s largest shareholder.

07.08 / 18:47

Facebook COST IPO Lowe's Digital SoftBank Meesho posts maiden profit in July, weighs IPO in 12-18 months

Meesho is looking at a public listing in the next 12-18 months after the e-commerce startup reported its maiden net profit in July, chief financial officer Dhiresh Bansal said. Meesho, which had earlier raised more than $1 billion from Prosus, SoftBank and Facebook, among investors, expects to close the current financial year with 40% growth in revenue run rate, Bansal said in an interview. “Our January-June revenue run rate has been around $400 million and expect to end the year at a 40% compounded annual growth rate (CAGR)," he said.

07.08 / 14:27

UPS IPO Provident band show Power Oriana Power IPO Allotment: GMP, how to check allotment status

https://www.skylinerta.com/ipo.php Visit the above link which will take you to Oriana Power limited IPO's registrar's website i.e Skyline Financial Services Private Ltd. Choose the IPO in the dropbox that will only have its name set in if the allocation is completed. Also Read: SBFC Finance IPO: Issue subscribed over 70 times on day 3 so far; QIBs steal the show Pick one of all three options to check the status: Application No, Demat Account, or PAN.

07.08 / 13:25

UPS IPO Provident Booking ETF Strategy compliance SEBI working on ‘MF Lite’ for easier compliance for ETFs, other passive investments

capital market regulator has been gradually shifting towards a segmented approach to regulations. For accredited investors, for instance, SEBI has established a framework. This group of investors is much more skilled than normal investors and needs less regulatory protection.

07.08 / 11:15

UPS IPO AXY band country TVS Supply Chain Solutions IPO: Price band fixed at ₹187-197 per share: Check details here

₹187-197 per share. The ₹880-crore TVS Supply Chain IPO will open for public subscription on August 10 and close on August 14. The bidding for anchor investors will open on August 9, the company said.

07.08 / 09:29

IPO AXY band show SBFC Finance IPO: Issue subscribed over 47 times on day 3 so far; QIBs steal the show

IPO subscription status: SBFC Finance IPO was subscribed 47.68 times on day 3 so far. SBFC Finance IPO opened on Thursday, August 3 will close today (Monday, August 7). SBFC Finance IPO received overwhelming response from qualified institutional buyers (QIBs) followed by non institutional investors (NIIS), and retail investors on day 3.

07.08 / 08:05

IPO Booking Assurant Citigroup HSBC band Concord Concord Biotech IPO Day 2: Issue fully subscribed on day 2; retail portion booked 1.58x

IPO Subscription Status: The initial public offering (IPO) of Concord Biotech Limited has been fully subscribed on day 2 as it received strong demand from retail as well as non-institutional investors. The Concord Biotech IPO so far has been subscribed 1.48 times in total as the issue received bids for 2.16 crore equity shares as against 1.46 crore shares on the offer on August 7, the second day of the bidding process. The public issue received 1.58 times subscription in the retail category and 3.06 times in the Non-Institutional Investors (NII) category.

07.08 / 07:43

IPO Target band hospital share price Yatharth Hospital share price gains after dismal listing. Buy, sell or hold?

₹304 apiece whereas it listed on NSE at ₹306.10 per share levels. However, after dismal listing on Indian bourses, Yatharth Hospital shares gained momentum as it managed to attract stock market bulls who were looking for value picks.

07.08 / 07:43

UPS IPO Provident Pool Enterprise band country Concord SBFC Finance IPO versus Concord Biotech IPO: Which one should you choose?

Cyient DLM. Given that the two businesses are from two different sector, where SBFC Finance IPO is a non-banking finance company (NBFC), while Concord Biotech IPO is a research & development biopharma company, most analysts are bullish on both. In case you are an investor who is looking to apply for only one, here are some expert views: Speaking on SBFC Finance IPO vs Concord Biotech IPO, Vaibhav Kaushik, Research Analyst at GCL Broking said, “If you ask me to choose either of the two public issues, I would advice investors to go for SBFC Finance IPO as it is providing better valuation comfort to investors.

07.08 / 06:09

UPS IPO Booking CEO Pool social TINA factor: Sunil Subramaniam explains why India is a long-term destination for even FIIs

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “almost more than a quarter of the FII flows are long-term flows. Over the last three years, that flow to India has already more than doubled and it will go even more as focus shifts from China to India. That pool of capital is going to look at India as a long-term bet and from a long-term perspective, it is always the TINA (There Is No Alternative) factor because I don't see liquidity drying up in the global arena.” Subramaniam further says that “there is no cause to be concerned for a medium-term investor in India whether that is an FII or a domestic investor.

07.08 / 05:19

UPS IPO Booking Manufacturing Enterprise band Concord SBFC Finance vs Concord Biotech: Which IPO should you pick?

SBFC Finance and Concord Biotech, currently open for subscription. While both the issues have received thumbs-up from analysts, they clearly prefer SBFC Finance over the other if investors had to pick one.SBFC Finance IPO, which closes on Monday, is reasonably priced, offering room to investors for healthy listing gains. The unlisted market trends validate the reasoning as the GMP for the company's shares is around Rs 38, as against the upper price band of 57.

07.08 / 04:39

IPO band track hospital Premium Yatharth Hospital shares list at a premium of ₹4 per share on BSE. Details here

₹304, which is just ₹4 per share higher from upper price band of Yatharth Hospital IPO price of ₹300 per equity share. Yatharth Hospital is a multi-specialty hospital chain, and the company has a strong track record of growth with a diverse range of specialties and advanced medical equipment and technology.

07.08 / 04:39

COST IPO band Premium Khazanchi Jewellers lists with 1.6% premium at ₹142.30 per share on BSE SME

₹142.30 apiece on the BSE SME, a premium of 1.64% to the issue price of ₹140 per share. Khazanchi Jewellers IPO was subscribed 1.26 times during July 24 to July 28, 2023.

07.08 / 01:21

IPO Booking band track hospital Yatharth Hospital IPO listing date today. GMP, experts signal 'decent' debut of shares

Yatharth Hospital IPO: Listing date for Initial Public Offering (IPO) of Yatharth Hospital and Trauma Care Services Limited has been fixed on 7th August 2023, i.e. today.

06.08 / 13:41

Citi IPO Lowe's Target Citigroup India Shelter Finance files for ₹1,800 crore IPO paper with Sebi

Affordable housing finance company India Shelter Finance, which is backed by Westbridge Capital and Nexus Venture Partners, has filed preliminary papers with the capital markets regulator Sebi to raise ₹1,800 crore through an initial public offering (IPO). The IPO comprises a fresh issuance of equity shares worth ₹1,000 crore by the company, and an offer for sale of ₹800 crore by investors Catalyst Trusteeship, Madison India Opportunities IV, MIO Starrock, Nexus Ventures III, and Nexus Opportunity Fund II, the draft red herring prospectus (DRHP) filed on Friday, read.

06.08 / 08:51

UPS IPO Booking Manufacturing band open SME IPO: Srivari Spices issue to open on Monday. 10 things to know about the offer

Srivari Spices and Foods will open for public subscription on August 7. The issue closes on August 9.

06.08 / 05:37

UPS IPO Provident Aware Strategy track IPOs Mind 7 things investors should keep in mind before betting on IPOs

IPO market is also buzzing with high-value IPOs, both in the mainboard and the SME space. India’s rising purchase power has resulted in consistent growth in investment from retail investors and institutional investors alike. Guided by SEBI, the increased awareness and investor-centric environment have enabled a transparent transaction eco-system that is helping investors in making informed decisions.

06.08 / 02:27

IPO FIVE Manufacturing NIFTY SENSEX show week RBI Policy, Q1 results, macro data, and more: Check key triggers for stock markets this week

macroeconomic data, foreign capital inflow, and upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI). Domestic equity benchmarks Sensex and Nifty closed with decent gains on Friday (August 4), snapping their three-day losing run, amid positive global cues. Sensex closed 481 points, or 0.74 per cent, higher at 65,721.25 while the Nifty closed at 19,517, up 135 points, or 0.70 per cent.

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