IPO Financial News

The announcement of the Union Budget 2024-2025, outlined an ambitious expenditure plan of ₹48.21 lakh crore, aimed at revitalizing industries with an ₹11.1 lakh crore capital investment in infrastructure, ₹2.66 lakh crore for rural development, and ₹1.48 lakh crore for the education sector, jobs, and skill development, aiming to foster technological advancement and equip the workforce with necessary skills.

The promoter group's stake will fall to around 80% after the IPO from nearly 92%. The company operates in a niche segment with high growth potential. It has among the highest margins and returns ratios in its areas of operation. Given these factors, investors may consider the IPO.

Subscribe to enjoy similar stories. Santa's sleigh seems to have taken a detour this year, leaving behind a subdued holiday market instead of presents. After falling 1.7% so far, December seems poised to clock the second-worst returns in a decade, next only to the near-4% fall in December 2022.

Subscribe to enjoy similar stories. Mumbai: Even as the Byju’s saga continues to unfold in courts, the rest of the edtech sector has moved on. Existing players have used the past fiscal to recalibrate growth strategies--shutting down unprofitable verticals and doubling down in profitable niches.

IPO activity has been unprecedented this year raising record amounts of capital, driven by strong investor demand and impressive returns on debut and later. In a year where some of the big boys like Swiggy, Hyundai, Bajaj Housing Finance, NTPC Green and several others entered the market, small companies — with market cap of less than Rs 10,000 crore — make up almost the entire best 10 performing IPOs of this year.

₹582 crore, attracted bids for 11,89,06,826 shares compared to the 85,34,681 shares available, according to NSE data.The portion allocated for Retail Individual Investors (RIIs) experienced a subscription rate of 38.41 times, while the segment for non-institutional investors saw a 24.63 times subscription. The Qualified Institutional Buyers (QIBs) portion received a subscription of 35 percent.

Devang Mehta, Director, Equity Advisory, Spark Private Wealth, says the construct of the benchmark indices over the next three, five years, will see a sea change from conventional ones to some of the non-conventional ones and those non-conventional ones at that point would be conventional ones. So,, cutting the long story short, one should be in a lot of these innovative companies, rather than being in the normal run-o- the-mill type of businesses. If I had to ask you for one stock, which is probably going to return 170% in 2025, what comes to your mind? Devang Mehta: I probably would not be able to comment on individual businesses or stocks, but I can probably talk about a theme which has been our favourite this year as well.

Newmalayalam Steel would be finalised later today, with the company's shares set to debut on the NSE SME platform on December 27. The Rs 42 crore SME IPO received a decent subscription of over 50 times at close, driven by strong bidding from retail investors. Firstly, here's how you can know the status on NSE

Sanathan Textiles IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Concord Enviro Systems IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Subscribe to enjoy similar stories. India's housing finance sector saw a tenfold jump in primary fundraising in 2024, as venture capital and private equity firms sought to diversify their portfolios with assets perceived as relatively less risky. Rising housing demand, as well as the ability of mortgage lenders to contain costs at crunch times and generate sustained returns have attracted investments, investors and industry experts said.

IPO market in India has boomed in leaps and bounds over the last decade, the journey has not been smooth for every company. At least eight IPOs debuted with billion-dollar market caps in the last 10 years, only to struggle to maintain their momentum and eventually slip below the threshold. A report from Motilal Oswal highlighted this stark trend of companies, which include IndiGo Paints, Ujjivan SFB, Powergrid Infra, Chemplast Sanmar, Juniper Hotels, TVS Supply and TN Mercantile Bank.

initial public offer (IPO) of Transrail Lighting was fully subscribed on Monday, with an overall subscription of 10.84 times by 11:30 AM on its final day of bidding. The IPO consists of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the issue set to close on December 23. Subscriptions from retail investors stood at 10.84 times, while non-institutional investors subscribed 23.71 times on the final day of bidding. Meanwhile, qualified institutional buyers subscribed to 1.86 times the allotted portion.

Fertilizers & Micronutrient Mixtures for agricultural needs, proposes to open its Initial Public Offering on December 26, 2024, aiming to raise Rs 44.80 crore with shares to be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13 — Rs 14 per share and face value of Rs 2 each. The lot size is 10,000 equity shares.

offer for sale (OFS) worth Rs 179 crore, with the issue set to close on December 23. Subscriptions from retail investors stood at 77.42 times, while non-institutional investors had subscribed 121.49 times on the final day. Meanwhile, qualified institutional buyers subscribed to 4.90 times the allotted portion.

₹149.5 crore via its anchor book, which was initiated on December 20, prior to its IPO. The company has allocated half of the total issue size for qualified institutional buyers (including a portion of up to 60 percent designated for the anchor book), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.The Initial Public Offering (IPO) of Unimech consists of a fresh equity issuance of up to ₹250 crore alongside an offer for sale (OFS) not exceeding ₹250 crore by selling shareholders from the promoter and promoter group.

₹840.25-crore worth DAM Capital Advisors IPO is entirely an offer for sale (OFS) of 2.97 crore shares. DAM Capital Advisors IPO price band is set at ₹269 to ₹283 per share. DAM Capital Advisors IPO GMP today is also showing a positive trend for the stock led by strong demand.

₹179.39 crore, will close for subscription on Monday, December 23. After two days of bidding the issue was booked 37.34 times.The Qualified Institutional Buyers (QIB) portion was subscribed 4.74 times, the Non-Institutional Investors (NII) segment was booked 49.45 times, and the Retail segment was subscribed 50.55 times.

subscription of 3.49 times by 12:39 PM on its second day of bidding. The IPO issue is a mix of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the issue set to close on December 23. Subscriptions from retail investors stood at 4.86 times, while the non institutions investors had subscribed by 4.12 times on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed to 78% of the allotted portion.

SME IPO of Identical Brains Studios, which will close for public subscription on Friday, has been subscribed 200 times so far, driven by a robust demand from the market participants. Around 11:30 am, the non-institutional investors (NIIs) subscribed to the issue over 65.6 times while the retail investors applied for 36.55 crore shares, attracting nearly 1.83 lakh bid applications.

Standard Glass Lining Technology, a manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has secured Rs 40 crore through pre-IPO funding via private placement from Amansa Investments. As per the company’s public announcement on December 17, 2024, it issued 28,57,142 equity shares to Amansa Investments at a price of Rs 140 per share (including a premium of Rs 130), in consultation with the lead bankers.