IPO Financial News

16.07 / 09:15

IPO Provident Software Enterprise Netweb Technologies IPO: What GMP signals ahead of subscription tomorrow?

Netweb Technologies will open for public subscription on Monday and closes on July 19. Ahead of the IPO, the company has raised Rs 189 crore from anchor investors. It had allocated about 37.80 lakh shares at Rs 500 per share, which includes a share premium of Rs 498 per share in the anchor round, which saw participation from marquee investors including Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF and Life Insurance, HDFC MF, WhiteOak MF among others.

16.07 / 01:11

UPS IPO Provident Lowe's NIFTY TCS week Q1 earnings, global cues & more: Key triggers for stock markets next week

Nifty settled at their fresh record closing highs in the previous session over gains led by shares of IT majors, such as Infosys and TCS. Positive global cues, amid expectations that the US Federal Reserve may pause rate hikes after July, also gave a fillip to domestic market sentiment last week.

15.07 / 13:49

UPS IPO Provident Booking NOT Netweb Technologies IPO: RHP flags documentary evidence of 2 promoters 'not traceable’; check all key risk factors

Netweb Technologies IPO: Ahead of the initial public offering (IPO) of computing solutions provider Netweb Technologies India which is set to hit the D-Street on July 17, the company's red herring prospectus (RHP) has highlighted a potential red flag for investors. According to the RHP, the documentary evidence of educational qualifications of two of its promoters or directors of the company - included in the company's ‘management’ is not traceable.

15.07 / 10:55

UPS IPO Provident Booking Software Enterprise open Netweb Technologies IPO to open on Monday. 10 things to know about the public offer

IPO) of Netweb Technologies will open for subscription on July 17 and stay till July 19. The company's shares are expected to get listed on both the exchanges.

15.07 / 09:31

IPO IPO GMP: What Utkarsh Small Finance Bank IPO GMP, Netweb Technologies IPO GMP signal

IPO GMP: Two initial public offering (IPOs) — Utkarsh Small Finance IPO and Netweb Technologies IPO — will be watched closely in upcoming week. Bidding for Utkarsh Small Finance ended on Friday last week and the main board IPO received strong response from investors. On the other hand, bidding for the Netweb Technologies IPO will begin on Monday next week and it will remain open for bidders till Wednesday next week.

15.07 / 06:15

IPO Provident Booking Dreams hospital IPOs week stake Upcoming IPOs: Netweb Technologies, Asarfi Hospital to hit primary market next week. ₹658 crore at stake

Upcoming IPOs: After dream listing of ideaForge Technologies, Cyient DLM and Senco Gold IPOs ((Initial Public Offers), primary market is eagerly awaiting the arrival of two more book build issues next week — Netweb Technologies and Asarfi Hospital IPO. Both upcoming IPOs will open on Monday next week. A total of around ₹658 crore would be at stake in primary market next week as Netweb Technologies IPO size is ₹631 crore while Asarfi Hospital IPO aims to raise ₹26.94 crore from its public offer.

15.07 / 03:47

IPO Provident Aware Drop IPOs rights Cos planning IPOs told to drop director nomination rights

Securities and Exchange Board of India (Sebi) is asking companies planning initial public offers (IPOs) to remove director nomination rights provided to promoters and investor shareholders from the articles of association. They have to instead seek shareholder approval for such rights after listing, said sources aware of the development. The move is aimed at strengthening corporate governance.

15.07 / 03:29

UPS IPO Manufacturing Cardiovascular stake Washing powder maker Nirma and Sekhmet vie for $731 million Glenmark Life stake: Sources

Nirma Ltd. and PAG-backed Sekhmet Pharmaventures are among the shortlisted bidders for a controlling stake in Glenmark Life Sciences Ltd., according to people familiar with the matter. The suitors have entered the final round of bidding for a stake of about 83% in the Mumbai-listed company held by Glenmark Pharmaceuticals Ltd., said the people, who asked not to be identified as the information is private.

15.07 / 03:09

business Law IPO regulation SEC coinbase Court NOT Allowing Coinbase to go public was not a 'blessing' of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant.

14.07 / 16:49

UPS Citi IPO Man Metro BELA Mufti-owner Credo Brands Marketing files draft papers with Sebi for IPO

Credo Brands Marketing, the owner of apparel wear Mufti Jeans has filed draft papers with market regulator Sebi to raise funds through an IPO. The IPO is a completely an offer for sale (OFS) of up to 19.63 million shares by promoters and other selling shareholders. The OFS comprises up to 4.14 million shares by Kamal Khushlani, up to 4.27 million shares by Poonam Khushlani, up to 1.08 lakh by Sonakshi Khushlani, up to 1.08 lakh shares by Andrew Khushlani, among others.

14.07 / 16:21

IPO Provident Manufacturing Netweb Technologies raises Rs 189 crore from anchor investors days ahead of IPO

Technologies India on Friday said it has collected Rs 189 crore from anchor investors days ahead of its Initial Public Offering (IPO). The company has allocated 37.8 lakh equity shares to 25 funds at Rs 500 per share, which is also the upper end of the IPO, according to a circular uploaded on BSE website. Nomura Funds, Goldman Sachs Funds, ICICI Prudential Mutual Fund (MF), HDFC MF, WhiteOak MF and Nippon MF, among others participated in the anchor round.

14.07 / 11:33

UPS IPO Booking Man Manufacturing BELA Mufti jeans owner, Credo brands marketing, planning for an IPO; great opportunities for investors the fashion industry

offer for sale (OFS), with up to 19.63 million shares being sold by the promoters, promoter group, and other selling shareholders. The offer for sale includes shares being sold by Kamal Khushlani, Poonam Khushlani, Sonakshi Khushlani, Andrew Khushlani, Concept Communications Ltd, Bela Properties Private Ltd, Jay Milan Mehta, and Sagar Milan Mehta.

14.07 / 10:11

UPS IPO Booking SUN Utkarsh IPO: Issue subscribed over 82 times on day 3 so far; QIB portion sees huge demand

IPO Subscription Status: The initial public offering (IPO) of Utkarsh Small Finance Bank Ltd was subscribed 82.68 times on Day 3 so far. The public issue that opened for subscription on Wednesday, July 12, and will end on Friday, July 14. Qualified Institutional Buyers (QIBs) responded enthusiastically to the issue on the third day of the subscription, followed by Non-Institutional Investors and retail investors.

14.07 / 09:39

UPS IPO Provident Booking Manufacturing Platform Service Care IPO: Issue subscribed 38% so far on first day; QIB portion fully booked

IPO Subscription Status: Service Care IPO opened for public subscription on Friday, July 14. The initial public offering (IPO) of the workspace administration services provider has seen decent response from the Qualified Institutional Buyers (QIBs). As per the latest subscription status, Service Care IPO has been subscribed 38% so far on July 14, the first day of the bidding process.

14.07 / 08:31

IPO Booking Platform Enterprise hospital open Asarfi Hospital IPO to open on July 17; check issue dates, GMP, other key details here

₹26.94 crore. The company has fixed the price band for the issue at ₹51-52 per share. The lot size for Asarfi Hospital IPO is 2,000 shares and the minimum investment amount required for retail investors is ₹104,000.

14.07 / 08:23

UPS Citi IPO Senco Gold shares deliver solid listing gains. What should investors do now?

Senco Gold delivered healthy returns to investors as the company's shares got listed at a 36% premium on the exchanges earlier on Friday. The strong listing was in line with the expectations. The stock is currently trading 31% higher over the issue price at Rs 414.25 apiece on BSE.

14.07 / 06:23

UPS IPO Target Booking Senco Gold shares list at ₹430 per share on NSE. Buy, sell or hold after strong debut?

₹430 per share on NSE and at ₹431 per share on BSE, delivering over 36 per cent listing gain to the lucky allottees against the issue price of ₹301 to ₹317 per equity shares. After strong debut, Senco Gold share price further ascended and went on to hit intraday high of ₹444 apiece on NSE and ₹443.80 apiece on BSE, extending the listing gain to the tune of 40 per cent within few minutes of share listing.

14.07 / 04:59

Citi IPO Booking Premium share price Senco Gold share price opens at 35.6% premium. Details here

₹430 per share, 35.6 percent higher than the issue price, and on the BSE, the stock was listed at ₹431 per share. The company has fixed the price band for the issue at ₹301 to ₹317 per share. “Senco Gold IPO made a strong debut on the stock exchanges today, listing at ₹430 per share, a premium of 36% over the upper end of the price band of ₹317.

14.07 / 04:59

UPS IPO Provident Booking Alphalogic Industries shares make a flat debut on BSE SME, lists at ₹96

BSE SME exchange Friday. The stock was listed at ₹96 per share same as the IPO's issue price. Alphalogic Industries IPO opened on Monday, July 3 and closed on Thursday, July 6.

14.07 / 04:15

IPO Provident NOT Utkarsh Small Finance Bank IPO: GMP, subscription status, apply or not?

Utkarsh Small Finance Bank IPO: Subscription for the initial public offer (IPO) of Utkarsh Small Finance Bank opened on 12th July 2023 and it will remain open for subscribers till 14th July 2023. This means bidding for Utkarsh Bank IPO is ending today evening and investors have just one day in hand to apply for the public issue. On first two days of subscription, Utkarsh Small Finance Bank IPO subscription status signals that the issue has been subscribed 16.20 times.

14.07 / 03:25

UPS IPO Lowe's Target NIFTY SENSEX Day trading guide for Friday: Six stocks to buy or sell today — July 14

Day trading guide for today: On account of strong global market sentiments, Indian stock market finished higher on Thursday session, 50-stock index Nifty added 29 points and ended at 19,413 levels while 30-stock index BSE Sensex gained 164 points and closed at 65,558 mark. Bank Nifty went up 25 points and closed at 44,665 levels.

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