IPO Financial News

18.07 / 09:29

UPS IPO Provident FIVE Booking 1:2 stock split, two bonus issues: Multibagger SME IPO turns ₹1.2 lakh to ₹1.40 crore in seven years

Multibagger stock: A long term investor not just earn from stock movement only. A listed company shares its profit with its shareholders using its capital reserves. The listed companies reward its loyal investors by announcing dividend, bonus shares, stock split, rights issue, buyback of shares, etc.

18.07 / 09:13

UPS IPO Provident Manufacturing rights Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.

18.07 / 09:13

UPS IPO Target Align Enterprise On Hindenburg, Adani evokes 'matrubhumi', flaunts spunk and success

Gautam Adani, the chairman of Adani Group, evoked the motherland while speaking at the AGM of the group. The centerpiece of Adani's speech was his emphasis on how the group has recovered from the Hindenburg attack due to its inherent resilience, transparency and strong fundamentals. He conflated the resilience of his group with the resilience of India: «Along this journey, if there is one characteristic that has continued to define us – it has been our resilience.

18.07 / 08:27

UPS IPO Provident Booking Netweb Technologies IPO Day 2: Issue booked over 4 times so far; Check GMP, subscription status, other details

IPO subscription status: The initial public offering (IPO) of Netweb Technologies India has received robust demand so far on July 18, the second day of the bidding process. Netweb Technologies IPO has been subscribed 4.74 times so far on day 2 as the issue received bids for 4.19 crore shares as compared to the IPO size of 88.58 lakh equity shares. The IPO has been subscribed 5.84 times in the retail category and 8.38 times in the Non-institutional Investors (NII) category.

18.07 / 07:47

COST UPS IPO Platform Strategy Mobile Power Yudiz to soon launch IPO; eyes gaming studio to power up revenue levels, Chairman says

Yudiz is aiming to hit the D-Street in coming weeks and plans to ramp up offerings with the proceedings. The company is planning to spend Rs 12.31 crore to boost core offerings by looking at acquisitions across India, USA, Canada and Europe. In an exclusive interaction with ET Online’s Gourab Das, Bharat Patel, Chairman and Director at Yudiz, sheds light on India ambitions, gaming studio, acquisition plans and more.

18.07 / 06:07

UPS IPO Target Aware Platform Enterprise Adani Group AGM 2023: Gautam Adani takes a dig at Hindenberg research report. Read full text here

Dear Shareholders, When I founded the Adani Group over three decades back, I had never imagined that the Adani Group would grow to become one of the largest conglomerates in the country. It was on the 12th of September 1994 that Adani Enterprises, then known as Adani Exports, launched its IPO. I had just turned 32.

18.07 / 03:31

IPO Booking CEO FedFina IPO: Federal Bank revives issue plans

Federal Bank, has revived plans of raising funds through an initial public offering (IPO). In a BSE filing on Monday (July 17), Federal Bank announced that the board of directors of FedFina proposed an initial public offering at its meeting held on July 17, 2023. The IPO will be undertaken by way of fresh issues and offer for sale (OFS), subject to market conditions and receipt of applicable approvals including that of the Securities and Exchange Board of India (SEBI) and other considerations.

18.07 / 01:57

UPS IPO FIVE Enterprise SENSEX Stocks to Watch: LTI Mindtree, Reliance, Tata Elxsi, Sheela Foam, Amara Raja

LTIMindtree: The IT services firm reported a net profit of ₹1,151 crore, a 4% increase in the June quarter. Its operational revenue for the quarter stood at ₹8,702 crore, marking a 14% growth. The company recorded earnings before interest, tax, depreciation, and amortisation of ₹1,635 crore for the June quarter, reflecting a 9% year-on-year rise.

18.07 / 00:23

UPS IPO AXY Manufacturing Flair Writing files IPO papers to raise Rs 745 crore

Flair Writing Industries has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) to raise about ₹745 crore through an initial public offering. The issue will comprise a sale of fresh shares aggregating up to ₹365 crore and an offer for the sale of shares worth up to ₹380 crore by existing shareholders.

17.07 / 15:51

IPO Provident Enterprise Matrix Renewables Matrix Gas and Renewables files for IPO, to be listed on NSE Emerge

small and medium enterprises (SMEs). The gas aggregator plans to use the proceeds from the issue primarily towards meeting the working capital requirements for sourcing natural gas, RLNG (regasified liquefied natural gas), and importing LNG (liquefied natural gas) cargoes.

17.07 / 12:59

UPS IPO Booking Platform Enterprise hospital Asarfi Hospital SME IPO: GMP, subscription status on day 1, and other key detail

₹51 to ₹52 per equity share and the share will be listed on the BSE SME exchange Thursday, July 27. The entire Asarfi Hospital IPO consists of a fresh offering of 51.80 lakh equity shares for a total of up to ₹26.94 crore. The company intends to use the issue's proceeds to meet the following goals, including partially paying the capital expenses for the cancer hospital in Ranguni, Jharkhand.

17.07 / 09:19

UPS IPO Utkarsh Small Finance Bank IPO share allotment on Wednesday; here's how to check

On Day 3 of the subscription, the issue saw some positive response from qualified institutional buyers (QIBs) who subscribed to the issue 124.85 times. Retail investors subscribed to 72.11 times of the portion reserved and non-institutional bidders subscribed to 81.64 times of the portion set aside. While, employee portion was subscribed 16.58 times.

17.07 / 08:09

COST IPO Booking AXY SUN Netweb Technologies IPO: Issue subscribed 94% on day 1 so far; check details

IPO Subscription Status: The initial public offering (IPO) of Netweb Technologies Ltd was subscribed 94% on Day 1 so far. The public issue that opened for subscription on Monday, July 17, and will end on Wednesday, July 19. Employees and retail investors enthusiastically responded to the issue on the first day of subscription, followed by non-institutional investors (NIIS), and qualified institutional buyers (QIBs). Retail investors portion was subscribed 1.38 times, employee portion was subscribed 3.79 times, NIIs portion was subscribed 1.06 times, and QIBs portion was subscribed 1%.

17.07 / 08:09

IPO Provident Booking NIFTY SENSEX Utkarsh Small Finance Bank IPO: What GMP signals as all eyes set on allotment date

Utkarsh Small Finance Bank IPO: The initial public offering (IPO) of Utkarsh Small Finance Bank opened for bidding on 12th July 2023 and bidding for the book build issue closed on 14th July 2023. In three days of bidding, Utkarsh Small Finance Bank IPO subscription status informs that the public issue has been subscribed 101.91 times whereas its retail portion got subscribed 72.11 times. After strong response by investors, all eyes are now set on Utkarsh Small Finance Bank IPO allotment date, which is most likely on 19th July 2023.

17.07 / 06:29

UPS IPO Target FIVE Extreme Strategy Delta Should you buy Avenue Supermarts & Delta on dips? Hemang Jani answers

Independent market expert Hemang Janisays that in terms of growth outlook, one can expect about 25-27% growth in the case of Avenue Supermarts. In case of any meaningful correction of about 3% to 5%, it makes sense to add. In the case of Delta, a large part of the negativity in terms of the new GST norms is already in the price.

17.07 / 05:47

UPS IPO Lowe's Booking POT What to expect from HDFC Bank merged entity? Saurabh Mukherjea answers

«Indian Railways is paying suppliers pretty quickly. So, we are trying to assess plays on supplying more to the railways. We are little apprehensive about the elections next year because if there is any change in power in Delhi, there will be a new bunch of people running the railway ministry,» says Saurabh Mukherjea, Marcellus Investment Managers.What are the new additions and what are the subtractions you have done in this market rally because on an average, the gains in large cap stocks are 15%, midcap is 20%, small cap is 25%.Yes, so, I think you are probably right.

17.07 / 03:49

UPS IPO Provident Digital Manufacturing Netweb Technologies IPO opens today; Check GMP, other details here. Should you apply?

₹206 crore and an offer-for-sale of up to 85 lakh shares by its existing promoters and shareholders. The company has set the price band for the public issue at ₹475-500 per share. At the upper band price, the company expects to raise ₹631 crore through the IPO.

17.07 / 02:29

COST IPO Manufacturing CEO Tesla Southern Future From Ola motorbike and car launch to IPO, CEO Bhavish Aggarwal shares future plan of the firm

Uber Technologies Inc., is a “profitable business for us now," Aggarwal said in last week’s interview in Delhi. He didn’t comment on any renewed attempts to list, nor did he mention a date for a possible Ola Electric IPO.

17.07 / 01:43

COST UPS IPO Manufacturing Mobile ICE SoftBank Ola advances plan for IPO as electric scooters take off in India

Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021.

16.07 / 15:23

UPS IPO Provident Aware Manufacturing Pool Flair Writing Industries files ₹745 crore IPO to fuel growth and dominate global market

₹745 crore through an initial public offering (IPO). The company plans to use the proceeds of the IPO to set up a new manufacturing facility, fund its capital expenditure, and expand its distribution network. Flair Writing Industries is a well-established company with a strong track record of growth.

16.07 / 09:15

UPS IPO AXY Manufacturing Pen maker Flair files draft papers with Sebi for Rs 745 crore IPO

The total offer size comprises a fresh issue of equity shares up to Rs 365 crore and an offer for sale (OFS) of up to Rs 380 crore. Under the OFS segment, Khubilal Jugraj Rathod is to offload shares worth Rs 76 crore, and Vimalchand Jugraj Rathod is to sell up to Rs 57 crore. Other selling shareholders include Nirmala Khubilal Rathod, Manjula Vimalchand Rathod, Rajesh Khubilal Rathod, and Mohit Khubilal Rathod, Sangita Rajesh Rathod, Sonal Sumit Rathod, Shalini Mohit Rathod and Sumit Rathod.

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