IPO Financial News

Multibagger IPO: The initial public offer (IPO) of ideaForge Technology Limited listed on BSE and NSE at a whopping 93 per cent premium against the ideaForge IPO price band of ₹638 to ₹672. ideaForge share price opened on BSE at ₹1305.10 apiece levels and went on to hit an intraday high of ₹1344.00 per share levels within few minutes of ideaForge IPO listing.

«I think you very rightly pointed out that even in the auto space, if we dissect between what the affluent class would buy and what the non-affluent class would buy, the trend is pretty clear that the stocks which are operating more in the non-affluent class, the two-wheeler stocks, they keep struggling,» says Digant Haria, GreenEdge Wealth. Cannot take my eyes away from the Senco subscription was it a subscribe for you or would it be when it lists, would it be a buy then? See this whole rich man’s consumption basket, we have been just talking about it say last one and a half years and this is the basket which keeps on doing well. So the jewellers, the real estate companies, the fashion retailers all of them continue to report good numbers.

₹130 per share, 85.7 percent higher than the issue price of ₹70 on the NSE SME exchange. However, the stock failed to sustain the gains and hit 5% lower circuit post listing. The company set the price band in the range of ₹65 and ₹70 per share.

IPO listing: Shares of IdeaForge Technology Ltd listed on the bourses at a premium on Friday. On the NSE, the stock was listed at ₹1,300 per share, 93.5 percent higher than the issue price, and on the BSE, the stock was listed at ₹1,305.10 per share. The drone manufacturer set the price band for the IdeaForge IPO at ₹638 to ₹672 per equity share.

Drone Destination IPO: The initial public offering (IPO) has opened for subscription today and it will remain open for bidding till 13th July 2023. The book build issue is proposed for listing on NSE SME exchange and the company has announced Drone Destination IPO price band at ₹62 to ₹65 per equity share. India's leading drone service company aims to raise ₹44.20 crore from its public offer.

LVMH, is considering strategic options for Birkenstock including an initial public offering, which could value the German sandal maker at more than $6 billion, Bloomberg News reported on Thursday. L Catterton is working with advisers that include Goldman Sachs and JPMorgan on a potential U.S.

Tata Play, which has been given approval by Sebi to raise money through an IPO, posted a net loss of ₹105 crore for the fiscal year ending in March 2023 as opposed to a net profit of ₹69 crore the previous year, according to a report from the Economic Times (ET). The direct-to-home (DTH) company's revenue from operations for the fiscal year decreased 5.1% to ₹4,499 crore from ₹4,741 crore the previous year, according to financial data acquired by Tofler. According to ET, overall expenditure climbed by 1% to ₹4,691 crore from ₹4,642 crore.

Barrenjoey Partners’ bankers have affectionately dubbed their new home the “Vertical Village”, as the former start-up research and advisory shop marks its transformation into a full-service investment bank by occupying three floors in Sydney’s Quay Quarter Tower on Bridge Street.

ideaForge IPO listing: The initial public offer (IPO) of ideaForge Technology Limited is going to hit Dalal Street today. As per the information available on the BSE website, ideaForge IPO listing date has been fixed on 7th July 2023 i.e.

Reliance Industries: The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the demerger of the financial services business of Reliance Industries, the Mukesh Ambani-led conglomerate said on Thursday. The company added that it, along with Reliance Strategic Investments Ltd, will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments. Once demerged, Macquarie expects it to be the fifth-largest financial services company by net worth.

MNC profits last fiscal led to a record outflow of foreign exchange — nearly double the net foreign direct investments. As more private equity investments mature in the next few years, the outflows could be more than inflows.Forex outflows under the head 'Income on equity and investment fund shares' in the balance of payments, which represents repatriation of income from foreign investments such as MNC profits, hit a record $40 billion compared with net foreign direct investment of $27 billion, data from the Reserve Bank of India (RBI) showed.

Arokiaswamy Velumani — the founder of diagnostic chain Thyrocare, which was acquired by PharmEasy in 2021 — had secured anti-dilution rights ahead of his investment of Rs 1,500 crore in the online pharmacy, people aware of the investment terms said. This will ensure he is allotted new shares to compensate for the massive erosion in the current value of his holding in the company, they added, as PharmEasy looks to raise fresh capital through a rights issue at a 90% discount to its peak valuation, as reported by ET first on Wednesday.

Sebi to raise capital through an IPO, has recorded a net loss of ₹105 crore for the fiscal year ending March 2023, against a net profit of ₹69 crore the year before. As per the financial data accessed by Tofler, the direct-to-home (DTH) company's revenue from operations for the fiscal year dropped 5.1% to ₹4,499 crore from ₹4,741 crore a year ago.

Southeast Asia's initial public offering market is showing promising signs despite a global IPO slowdown in the first half of 2023, according to a new Deloitte report.

Unconditional dealings are expected to commence on 11 July.

₹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.

The Tata Group is currently evaluating an offer to repurchase a stake in its entertainment content distribution platform from Temasek Holdings Pte. This move comes as the Indian conglomerate contemplates delaying the initial public offering (IPO) of Tata Play Ltd, according to the sources.  They said the Tata Group is also considering whether to delay the Tata Play listing seeing the market conditions.

Multibagger stock: The initial public offering (IPO) of Network People Services Technologies (NPST) Limited was launched in July 2021 at a price band of ₹76 to ₹80. The book build issue was proposed for listing on NSE SME exchange and the stock listed on 10th August 2021 at ₹83.95 apiece, giving near 5 per cent listing premium to the lucky allottees.

Tata Group is considering an offer to buy back a stake in its entertainment content distribution platform from Temasek Holdings Pte as the Indian conglomerate weighs postponing Tata Play Ltd.’s initial public offering, according to people with knowledge of the matter. Tata Group is contemplating whether to delay the planned Tata Play listing because of market conditions, the people said. Instead, Tata Group has started discussions with Temasek around a deal that would give the Singaporean state investor an opportunity for a long-awaited exit from its investment in the platform, formerly known as Tata Sky, the people said.

Also Read: Senco Gold IPO Analysis: As pubic issue sails through, here are some interesting facts about the company The ₹405-crore Senco Gold IPO opened on Tuesday, July 4, and will remain open for public subscription till July 6. The company already raised ₹121.50 crore from 21 anchor investors ahead of the IPO.

Cyient DLM IPO: After finalisation of share allotment, all eyes are now focussed on Cyient DLM IPO listing date, which is most likely on 10th July 2023 i.e. on Monday next week. So, those who have applied for the public issue, they can check Cyient DLM IPO allotment status online by logging in at the official BSE website or at the official website of the IPO registrar KFin Tech.