IPO Financial News

28.07 / 12:31

IPO Provident Airlines Parke performer services Zeal Global Services IPO: Subscription status on day 1, and other key details here

₹103 per equity share and the share will be listed on the NSE SME exchange Wednesday, 9 August. Zeal Global Services IPO plans to raise ₹36.46 crore. The company plans to use the issue's proceeds to pay for the following things: working capital needs, investments in subsidiaries for company growth, partial debt repayment, general corporate purposes, and issue expenditures.

28.07 / 11:25

COST IPO band Khazanchi Jewellers IPO: GMP, subscription status on day 5, and other key details

₹140 per equity share and the share will be listed on the BSE SME exchange Monday, August 7. Khazanchi Jewellers IPO, which is worth ₹96.74 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, including (a) capital expenditures for the new showroom, (b) inventory costs for the new showroom, to meet the increased working capital needs of the current operations, and (c) general corporate purposes.

28.07 / 11:25

UPS IPO Action COMPOSITE boost open Chinese regulator looks to boost stock market, open up capital market

Shri Techtex IPO: GMP, subscription status on day 3, and other key details here Earlier this month, Shanghai Securities News reported that the CSRC is working to formulate an action plan for the reform at the investment end of the capital market, to achieve balanced development between investment and financing and direct more medium- to long-term capital to equity investment. The normalization has helped raise Chinese companies' interest in overseas IPOs.19 Chinese companies debuted on the US stock market in the first half of this year, netting $600 million in all.

28.07 / 11:20

COST IPO Parke band performer cover Shri Techtex IPO: GMP, subscription status on day 3, and other key details here

₹54 to ₹61 per equity share and the share will be listed on the NSE SME exchange Monday, 7 August. Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.

28.07 / 11:18

IPO Lowe's Target Action Strategy ITC Hotels demerger to unlock value for parent company, ITC, says Nuvama Equities

ITC Hotels demerger. The ITC board granted in principle permission for the National Company Law Tribunal's (NCLT) scheme of arrangement to demerge its hotel business through the establishment of a wholly owned subsidiary, ITC Hotels Ltd on Monday, July 24. ITC analyst call was held on Thursday, July 27.

28.07 / 09:23

business IPO Crypto mining hardware retailer Phoenix Technology mulls IPO in UAE: Report

Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering (IPO) in the United Arab Emirates, according to a report by Bloomber.

28.07 / 09:01

UPS IPO Reuters Southern track IPO-bound Ola Electric recorded $136 million loss in FY23

India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year's earnings. Ola declined to comment.

28.07 / 07:19

UPS IPO Provident AXY open SBFC Finance IPO worth ₹1,025 crore to open on August 3; details here

₹600 crore and an offer for sale (OFS) of ₹425 crore, according to the Red Herring Prospectus (RHP). The total offer size of SBFC Finance IPO now is ₹1,025 crore.

28.07 / 04:33

COST UPS IPO Provident Booking band hospital NOT Yatharth Hospital IPO closes today: GMP, subscription status, should you apply or not?

₹285 to ₹300 per equity share for the proposed initial public offer. Yatharth Hospital IPO raised ₹205.96 crores from 18 anchor investors at the upper price band of ₹300 per equity share on Tuesday, July 25. SBI Life Insurance Company, Goldman Sachs (Singapore), Kotak Mahindra Life Insurance Company, ICICI Prudential Mutual Fund, Max Life Insurance Company, HDFC MF, and BNP Paribas Arbitrage are a few prominent anchor investors.

28.07 / 00:43

UPS IPO services Financial Fedbank Financial Services files IPO prospectus with Sebi

Fedbank Financial Services, promoted by Federal Bank, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of up to ₹750 crore and an offer for sale aggregating up to 70.3 million shares by promoters and other shareholders.

27.07 / 16:41

IPO Provident Airlines Assurant show performer services Zeal Global Services IPO: Air cargo logistics company ZGSL sets sights on SME IPO

₹5 as of today. The company's fully devoted team, with over 5000 man-hours of GSSA industry expertise, is skilled at identifying critical procurement areas and providing competitive pricing solutions. Zeal Global Services takes pleasure in providing effective support for goods export, assuring a smooth and trouble-free process.

27.07 / 15:23

COST UPS Citi IPO Career High-vis demand has Quadrant’s Jaybro building for an IPO

Jaybro, which sells and delivers items such as drill bits, concrete barriers and high-vis workwear twice a day to construction sites, is delivering 15 per cent growth as spending on infrastructure projects ramps up.

27.07 / 13:33

COST IPO Parke band performer cover Shri Techtex IPO: GMP, subscription status on day 2, and other key details here

27.07 / 12:45

IPO Provident Booking Entertainment Celebrity band Innovatus Entertainment IPO: GMP, subscription status on day 3, and other key details here

₹50 per equity share and the share will be listed on the BSE SME exchange Friday, 4 August. The Innovatus Entertainment IPO has a total issue size of ₹774.00 lakh, which consists of freshly issued equity shares. The company plans to use the net proceeds from the offering to finance several objectives, including meeting extra working capital needs, buying exhibition-related merchandise, and basic business needs.

27.07 / 12:03

IPO Action Enterprise Parke Cafe Coffee Day parent's bankruptcy: What's brewing at Cafe Coffee Global? All about coffee day enterprises' troubles

Coffee Day Enterprises Ltd, which primarily manages cafe chain outlets under the Cafe Coffee Day (CCD) brand, is experiencing financial difficulties and is in the news for rumoured bankruptcy. Since the death of VG Siddhartha, the founder of Coffee Day Enterprises, the company has encountered difficulties.

27.07 / 10:39

UPS Citi IPO AXY band open Non-banking lender SBFC Finance's Rs 1,025 crore IPO to open on August 3. Check details

SBFC Finance will open for public subscription on August 3 and close on August 7. The allocation to anchor investors will be done on August 2. The price band for the issue will be announced soon.

27.07 / 08:39

UPS IPO Provident Booking Manufacturing band Netweb Technologies IPO Listing: Retail investors' investment nearly doubles in ten days

₹947 on NSE, reflecting a steep jump of 89.4 per cent as against the issue price On BSE it debuted at ₹942.5 apiece, 88.5% higher. Netweb Technologies IPO opened for subscription on Monday, July 17, and ended on Wednesday, July 19. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.

27.07 / 08:25

COST UPS IPO FIVE cover Financial Federal Bank arm Fedbank Financial files draft papers with SEBI for IPO

Federal Bank, has filed its draft papers with market regulator SEBI to raise funds through an IPO. The IPO comprises a fresh issue of Rs 750 crore and an offer for sale (OFS) aggregating up to 7.03 crore equity shares by the promoter and other selling shareholders. Under the OFS, 1.64 crore equity shares will be offloaded by Federal Bank and 5.38 crore shares by True North Fund VI LLP.

27.07 / 07:59

UPS IPO Provident FIVE Enterprise cover Federal Bank arm Fedfina files papers with SEBI for IPO

Federal Bank Ltd promoted, Fedbank Financial Services Ltd (Fedfina), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to for an Initial Public Offering (IPO). Fedfina IPO comprises of fresh issue of equity shares up to the value of ₹750 crore and an offer-for-sale (OFS) of up to 70,323,408 equity shares by the promoters selling shareholders and promoter group make up the offer, which has a face value of ₹10 per equity share.

27.07 / 07:09

IPO Target Booking performer track Premium Netweb Technologies shares extend gains after listing at 89% premium. Buy, sell or wait?

₹942.50 apiece levels whereas it opened on NSE at ₹947 per share against its issue price of ₹475 to ₹500 per equity share. However, Netweb Technologies share price further ascended and went on to hit intraday high of ₹953 per share levels while on NSE it went on to hit intraday high of ₹952 per share.

27.07 / 07:09

IPO band hospital Yatharth Hospital IPO: Issue subscribed 1.76 times on day 2 so far; check detail

₹285 to ₹300 per equity share for the proposed initial public offer. Yatharth Hospital IPO: Issue subscribed 1.08 times on day 1; check details Yatharth Hospital IPO raised ₹205.96 crores from 18 anchor investors at the upper price band of ₹300 per equity share on Tuesday, July 25. SBI Life Insurance Company, Goldman Sachs (Singapore), Kotak Mahindra Life Insurance Company, ICICI Prudential Mutual Fund, Max Life Insurance Company, HDFC MF, and BNP Paribas Arbitrage are a few prominent anchor investors.

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