IPO Financial News

Subscribe to enjoy similar stories. MobiKwik’s initial public offering (IPO) subscription is complete, and it’s all set to make its market debut soon. But there’s something different about this IPO that’s got everyone talking.

initial public offering (IPO) of which will open for subscription on December 19, has fixed a price band of Rs 269-283. The issue will be available for subscription till December 23. At the upper end of the price band, the total IPO size stands at Rs 840.25 crore and bids can be made for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.

initial public offering (IPO) on December 19, with a price band of Rs 410-432 per share. The IPO will remain open for public subscription until December 23, while the anchor book is scheduled to open on December 18. The allotment of shares is expected by December 24, with shares credited to investors' demat accounts by December 26. Transrail’s stock is likely to list on exchanges on December 27.

₹1,900 crore from anchor investors on Thursday. The public offering, priced between ₹397 and ₹417 per share, is set to close on December 17.

Indian startup ecosystem has undergone a dynamic evolution over the past decade, with major changes reshaping how private equity (PE) and venture capital (VC) firms strategise their exits from startups. Traditionally, Indian stock markets were perceived as places for large, established companies to list and raise capital. However, they are now offering diverse opportunities for new-age startups to tap into public funding and provide impressive exits for early backers and investors, such as angel investors and venture capital firms. The surge in exit activity via the public markets is a testament to this transformation, shaping exits in ways that have profound implications for Indian PE-VC strategies.

owner-managed companies are leaders of value creation. In FY23 and FY24, 169 companies listed on the NSE (NSE) after successful IPOs, raising a massive Rs 94,204 crores. Of these, an overwhelming 99.82% (167 firms) were owner-managed enterprises—businesses helmed by their founder-promoters.

primary market is sustaining the strong momentum seen throughout the year with 4 new IPOs opening for subscription next week. These include two in the mainboard segment from Mamata Machinery and Transrail Lighting. Apart from the new issue openings, the Street will see as many as 9 listings, of which three will be from Mobikwik, Vishal Mega Mart and Sai Life Sciences.

IPO once its asset under management (AUM) reaches the Rs 1 lakh crore mark, which it was targeting by FY'26, a top official said on Friday. At present, LIC MF's AUM was around Rs 38,000 crore, a significant jump from Rs 16,526 crore in FY'23. «We have grown by 67 per cent in FY'24 and our current growth run rate is 30 per cent,» LIC MF Asset Management Ltd MD and CEO RK Jha told PTI. He said the current equity contribution across all funds is 47 per cent, with debt accounting for the remaining 53.

₹572 crore from the issue at the upper-end of the price band of ₹265 to ₹279 per share. Led by high demand, Mobikwik IPO GMP today has spiked to ₹158 per share, indicating a 57% premium to the IPO price.

₹8,000 crore, achieved full subscription on the second day of bidding on Thursday, concluding with a subscription rate of 1.54 times. The segment allocated for non-institutional investors (NIIs) saw a subscription rate of 3.84 times, while Retail Individual Investors (RIIs) subscribed at 1.16 times. The portion designated for Qualified Institutional Buyers (QIBs) received a subscription of 48 percent.

Bluestone, which on Thursday filed the draft papers for an initial public offering, is expected to price the issue at a valuation of Rs 12,000-13,000 crore, a more than 50% jump from its most recent fundraising from the private market, people in the know told ET. In August, the Bengaluru-based companyclosed a Rs 900 crore pre-IPO funding round that valued it at around Rs 8,100 crore, as first reported by ET. While the IPO will see Bluestone raise Rs 1,000 crore by selling newly issued shares, sources said existing investors will sell shares worth Rs 2,000-2,100 crore, taking the size of the IPO to Rs 3,000-3,100 crore.

draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), through which it is looking to raise Rs 1,000 crore in fresh capital. The IPO also includes an offer-for-sale (OFS) component through which investors such as Accel, Saama Capital, Kalaari Capital, and Hero Group’s Sunil Kant Munjal are looking to divest a total of 24 million shares. ET was the first to report on December 6 about Bluestone’s board approving the company’s plan to go public and raise Rs 1,000 crore through the process.

Mobikwik Systems, which runs the digital payment application Mobikwik, saw its initial public offering being subscribed 17 times at the end of the second day, data from the BSE showed. Showing healthy demand from investors, the retail portion of the IPO was subscribed 58 times, while the non-institutional portion was booked 22 times. However, institutional buyers are yet to fully subscribe to the shares reserved for them. The IPO saw full subscription in the first few hours of its opening on Wednesday.

MobiKwik, a leading player in India’s fintech space, has launched its ₹572 crore IPO. With 15 years of innovation in digital payments and financial product distribution, it has become a trusted name for users in tier 2 and tier 3 cities. In an exclusive interview, ETMarkets spoke to Upasana Taku (Chairperson & CFO) and Bipin Preet Singh (MD & CEO) about MobiKwik’s journey, competitive edge, financials, and future plans. Excerpts: With an issue size of over ₹570 crore, MobiKwik's IPO seems significant. Could you briefly take us through the journey of the company and its business model? Bipin Preet Singh: MobiKwik is a fintech company that began 15 years ago as a digital wallet. Our primary business revolves around payments, making us India’s largest digital wallet with over 160 million users and 4 million merchants. The app facilitates bill payments, money transfers, online shopping, and QR-based transactions.

IT stocks outperformed the broader market on Thursday, with the Nifty IT index hitting a new high of 46,000.Leading the charge were Coforge and Tech Mahindra, which surged up to 4%. Several other IT stocks, including Infosys, Wipro, HCL Technologies and Mphasis, also reached their 52-week highs.Coforge shares rose 3.8% to Rs 9,349, Tech Mahindra shares went up by 2.7% to Rs 1,807, LTIMindtree shares gained 2% to Rs 6,733 while Infosys shares rose 1.5% to Rs 1,998.

Waaree Energies shares rallied 4% to Rs 3,303 in Thursday's intraday trade on the BSE after the company’s arm, Waaree Forever Energies, received a Letter of Award (LoA) for the development of a 170 MW solar power plant in Madhya Pradesh. «Waaree Forever Energies Private Limited, a wholly owned subsidiary of the company, has today received a Letter of Award (LoA) for the development of a 170 MW solar power plant in Madhya Pradesh from Rewa Ultra Mega Solar Limited (RUMSL),» the company said in an exchange filing.

Hemang Jani, Independent Market Expert, says among PSUs, Bharat Electronics and HAL have reported strong financial results, making them attractive investment options, along with select power companies like NTPC, especially after its recent demerger and the launch of the NTPC Green IPO, showcasing its renewable energy potential. While one can remain optimistic, a discerning approach is crucial when evaluating public sector undertakings. Investors should target niche, selective companies in this sector. Among steel stocks, Jani holds Tata Steel in high regard, but believes certain pallet players like Godawari Power are better positioned due to improving spreads. Additionally, Jindal Steel & Power's efficient captive unit for raw materials may offer a more attractive investment opportunity. From the end of last year till middle of this year, the PSU sector, be it defence, railways, infra or power names – had been the most buzzing segment. But that rally had fizzled out in the latter half of this year. What is your take on PSUs. A lot of people are hoping that there will be a rebound in the government spending come H2 of FY25 and PSUs will revive? Hemang Jani: Yes, some of these companies which have corrected quite sharply in the past two months are showing a good rebound and it is not just the stock price rebound.

Shares of Bajaj Housing Finance slipped 6% to their day’s low of Rs 132.85 on the BSE in today’s session as today marks the end of the stock’s 3-month lock-in period wherein 12 million shares became available to trade in the market. This represents 2% of the total equity of the company, which was held by the anchor investors since the IPO.

Rebel Foods, a startup that specializes in online-only restaurants, unveiled a $210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026. Singapore’s Temasek Holdings Pte led the fundraising, while Evolvence, an existing investor, will also participate, the company said in a statement. The Series G round includes the sale of new and existing stock, allowing current shareholders to sell some of their holdings. The Mumbai-based company is now valued at $1.4 billion.

IPO) of the digital payments platform Sai Life Sciences will open for public subscription today, and will close on December 13. The Rs 3,042 crore issue includes a fresh issue of 1.73 crore shares, aggregating to Rs 950 crore and an OFS of 3.81 crore shares. The company said that it would use the proceeds from its IPO to repay its debts and for general corporate purposes.

SME IPO of Supreme Facility Management opened for subscription earlier today and will close on December 13. The company aims to raise Rs 50 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.