IPO Financial News
08.07 / 08:15
IPO
Booking
Premium
Senco Gold IPO: What GMP (grey market premium), subscription status signal after closure of bidding process
Senco Gold IPO: Bidding for the initial public offer (IPO) of Senco Gold Ltd ended on Friday in the week gone by. In three days of bidding, Senco Gold IPO subscription status informs that the public issue received rave response by Qualified Institutional Buyers (QIB). Probably, this helped grey market mood remain steady despite profit booking on Friday session in secondary market.
08.07 / 06:43
UPS
IPO
Digital
Manufacturing
Cyient DLM IPO listing date announced. GMP, experts signal strong debut of shares
IPO listing date has been fixed on 10th July 2023 i.e. on Monday next week. As per the BSE notice, effective from Monday, July 10, 2023, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on BSE and NSE in the list of 'B' group of securities.
08.07 / 04:27
UPS
IPO
Tencent
Ant
valuation
Ant to buy back shares at 70% lower valuation than at IPO
Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company. Ant’s planned repurchase of the equity would value the company at about 567.1 billion yuan ($78.5 billion), it said in a statement on Saturday.
08.07 / 04:21
IPO
Twitter
‘Lost 60% overnight’, investors vent anger after Reliance Retail approves share capital reduction
Reliance Retail, on Friday, announced the reduction of the equity share capital to the extent held by shareholders other than its promoters holding company. However, the move didn't go well with share market investors, who are venting out their anger and disappointment against the move on social media. "A consideration of ₹1,362 per share, determined on the basis of valuation obtained from two reputed independent registered valuers, shall be paid towards the capital reduction," said an exchange filing by its parent firm Reliance Industries on Friday.
08.07 / 04:21
IPO
jio financial
jio financial services
share price
services
Financial
Jio Financial Services: Expected share price, demerger record date, listing, other details
Jio Financial Services demerger: The primary and secondary market is ful of buzz about the Jio Financial Services IPO as Reliance Industries Ltd (RIL) is all set for demerger after receiving the nod from National Company Law Tribunal (NCLT). RIL has informed Indian stock market exchanges that NCLT has given its nod for demerger of company's financial services undertakings.
08.07 / 03:53
UPS
IPO
Provident
Mobile
Pool
Ant
Ant's share repurchase plan values firm at nearly $79 billion
Ant Group on Saturday announced a share repurchase plan that values the fintech giant at $78.54 billion, as the management seeks to replenish its staff incentive pool and let some investors exit after regulators fined the firm. It marked a sharp fall in the $300 billion-plus value ascribed to the company in mid-2020 before its IPO planned for later that year was pulled.
08.07 / 02:29
IPO
Manufacturing
IdeaForge lists at 94% above its IPO price
Ideaforge made a steller debut on Friday with its shares listing at a premium 94.21% over their offer price on BSE, the best listing in the last two years. The stock opened at ₹1,305.10, recorded a high of ₹1,344, and closed at ₹1,295.50. The offer price was ₹672.
07.07 / 19:53
UPS
IPO
Reuters
Platform
Tencent
Fine
Ant
regulatory
China ends Ant Group's regulatory revamp with $984 million fine
By Julie Zhu and Jane Xu
07.07 / 17:43
UPS
IPO
Provident
Target
Digital
Platform
Startups and their new normal: Funding crunch, disgruntled employees and allegations of fraud
PharmEasy is slated to be among the first large tech startups to have a 90% markdown in its valuations in its latest fundraising round. The pandemic, with its surge in tech usage, became the wind under the wings of the tech startups, but as the pandemic abated, the wind, too, died down, leading to a few crashes or near-crashes. While the valuations of PharmEasy will collapse from its peak of $5.6 billion two years ago to $500-600 million in its upcoming rights issue, other health tech startups such as Phablecare, Mojocare and Glamyo Health are also facing bleak futures — riddled by funding crunch, disgruntled employees or allegations of fraud and misrepresentation of financials.
07.07 / 16:37
IPO
Booking
open
Utkarsh Small Finance Bank IPO to open on July 12. Check details
IPO is a completely fresh issue of shares worth Rs 500 crore and the entire proceeds will go to the lender. Incorporated in 2016, Utkarsh SFB commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities The bank recorded the third fastest gross loan portfolio growth between fiscal 2019 and 2023 among its peers with a loan portfolio of more than Rs 6,000 crore.
07.07 / 14:59
07.07 / 13:17
IPO
Provident
Ball
Manufacturing
Software
BAY
Qualcomm
Ideaforge closes with 93% gain on Day 1: All you need to know
Ideaforge Technology ended 93% higher on the bourses following a stellar debut on Friday. The dronemaker's stock opened at Rs 1,305.10 on the Bombay Stock Exchange, a whopping premium of 94.21%.
07.07 / 12:39
IPO
Reuters
Fine
Ant
Chinese central bank imposes $984-million fine on Ant Group
China's central bank on Friday announced a fine of 7.12 billion yuan ($984 million) for Ant Group.
07.07 / 12:17
UPS
IPO
Provident
Drone Destination IPO: GMP, subscription status on day 1, and other key details
₹62 to ₹65 per equity share and the share will be listed on the NSE SME exchange Friday, July 21.With its public offering, the country's drone service provider hopes to generate ₹44.20 crore. The IPO is is entirely a fresh issue of equity shares aggregating up to 68 lakh equity shares of face value of ₹10 each. There is no offer for sale (OFS) component.
07.07 / 12:17
UPS
IPO
Provident
Platform
Software
AccelerateBS India IPO: GMP, subscription status on day 2, and other key details
₹90 each. For both B2B and B2C businesses worldwide, AccelerateBS India provides IT services. These services include custom software development, consultancy, and DXP (Digital Experience Platforms) consulting and implementation services.
07.07 / 12:17
IPO
Lowe's
CEO
NIFTY
SENSEX
Demat account additions hit 13-month high in June
mid-caps and small-caps also at record highs. As per analysts, in 2023 so far, Sensex and Nifty have climbed nearly 8% each while BSE Midcap and SmallCap have added around 15% each. There is some rotation of money that is also being witnessed, said Sandip Raichura, CEO of Retail Broking and Distribution & Director at Prabhudas Lilladher .
07.07 / 11:27
UPS
IPO
Extreme
Compilation
Chase
RBC
FP Dealmakers: Rise in people 'just walking away' from transactions as M&A flow slows in first half
Tom Redekopp, managing director of the business law group at Dentons in Toronto, knew there was a seismic shift underway in mergers and acquisitions traffic when deals started abruptly falling apart midstream earlier this year.
07.07 / 10:34
IPO
Cyient DLM IPO: GMP jumps as focus shift towards listing date after announcement of allotment status
Cyient DLM IPO: After strong response by investors to the initial public offering (IPO) of Cyient DLM Ltd, Cyient DLM IPO allotment status has been announced. Now, bidders are eagerly waiting for the Cyient DLM IPO listing date, which is most likely on 10th June 2023 i.e. on Monday next week.
07.07 / 09:21
UPS
IPO
Reuters
Enterprise
Fine
Ant
end
regulatory
China to end Ant Group's regulatory revamp with fine of at least $1.1 billion
Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company's years-long regulatory overhaul. The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days, the sources told Reuters. The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a stock market debut.
07.07 / 08:57
IPO
Booking
open
Utkarsh Small Finance Bank IPO to open on July 12; check details
₹500 crore initial public offering (IPO) of the Varanasi-based Utkarsh Small Finance Bank will open for subscription on Wednesday, July 12 and end on Friday, July 14. On Tuesday, July 11, the anchor investors' auction will begin. On Wednesday, July 19, the allotment will take place and on Thursday, July 20, the shares will be credited to the allottees' demat accounts.
07.07 / 08:11
IPO
Thyssenkrupp
Thyssenkrupp launches hydrogen unit IPO in green push
Thyssenkrupp launched the IPO of its hydrogen unit Nucera Friday, one of the biggest European market floatations this year as interest grows in the shift to green technologies.
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