IPO Financial News

Mishtann Foods, Canara Bank, Nykaa, Ola Electric, Dr Reddy's among others will be in focus due to various news developments. Mishtann Foods Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties.

Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials. However, such documents must be available for the purpose of supervisory functions of Sebi, the regulator said in a circular.

IPO) in 2024, venture capitalists are betting big on the growing Indian ecosystem. Karnataka’s Vision Group chair and cofounder of Accel Partners India, Prashanth Prakash, said that while there is a need for unicorns and soonicorns, there is also an equal opportunity for small startups that are leading the intellectual property (IP)-driven growth for deep tech. «There was a time when, if you were not a large enough startup, you had no value. But I think that is changing. Startups going IPO today will buy smaller companies to expand their scope. It’s not bad anymore to build small,» Prakash said while speaking at Ramaiah Institute of Technology during the Ramaiah Evoluate Incubator's startup awards on Thursday. He added that India is moving beyond a focus on consumer startups and easy opportunities to deep technology, manufacturing, and engineering-led ventures. «By 2025, we could see another 30 to 40 companies from India going public, reflecting the maturing of our startup ecosystem,» the Co-founder of Accel claimed, adding that India stands to gain from the China Plus One strategy.

Vishal Mega Mart is set to launch its Rs 8,000 crore initial share-sale on December 11 for public subscription. The Initial Public Offering (IPO) will conclude on December 13 and the bidding for anchor investors will open for a day on December 10, the Red Herring Prospectus (RHP) showed on Thursday. The proposed IPO is entirely an Offer For Sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares, according to the Updated Draft Red Herring Prospectus (UDRHP).

SME IPO of Emerald Tyre Manufacturers will open for subscription today and will close on December 9. The company aims to raise Rs 49 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.

revenue from operations and a profit of Rs 3.72 crore during financial year ended March 2024. To fund its strategic expansion plans and enhance operational capabilities, the company is planning to launch an initial public offering (IPO) very soon, a release said.

Abha Power and Steel will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 15 in the grey market. Considering the upper price band of Rs 75, the stock is expected to see a listing premium of just over 20%.

Apex Ecotech will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 45 in the grey market. Considering the upper price band of Rs 73, the stock is expected to see a listing premium of just over 60%.

NSE SME platform Thursday. The Rs 98 crore SME IPO received a massive subscription of over 300 times at close, driven by strong bidding from retail and non-institutional investors. Firstly, here's how you can know the status on NSE

company aims to raise Rs 114 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.

Subscribe to enjoy similar stories. Indian stock market’s benchmark index Nifty50 extended its gaining momentum for three consecutive sessions. The index gained around 181 points or 0.75% and formed a bullish candle with a higher-high and higher-low price structure.

HDFC Bank, Hero MotoCorp, Reliance Industries, Manappuram Finance, Muthoot Finance, Brigade Enterprises, Canara Bank and Greaves Cotton among others planning listings, with more to follow, bankers said. Subsidiary public issues enable independent capital raising, benchmark readiness and cash generation for parents via offers for sale, aiding deleveraging, capital expenditure or dividend payouts. Investors gain access to focused, growth-driven, pure-play businesses, according to bankers.

Trafiksol ITS Technologies and asked the company to refund the money to investors within one week. The company may approach the market afresh after the ongoing proceedings initiated by Sebi are concluded and subject to any directions issued, the regulator said in an order on Tuesday.

Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors. «Trafiksol is directed to refund the money paid by the investors, who have been allotted shares in the Initial Public Offering,» Sebi's 16-page order said.

The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform.

initial public offer (IPO) of Suraksha Diagnostic received muted response for the first two days with just 37% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an offer-for-sale (OFS) of 1.92 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

Swiggy shares will be in focus on Tuesday as the food delivery giant, which has seen an impressive 27% increase over its IPO issue price of Rs 390, will be releasing its financial results for the second quarter ended September today. The food and quick delivery company debuted on the Dalal Street on November 13, with the company's shares listing on the NSE at Rs 420, reflecting a 7.7% increase from the IPO issue price, while on the BSE, the stock debuted at Rs 412, showing a 5.6% premium over the issue price.

Suraksha Diagnostic received tepid response for the first two days with just 25% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an OFS of 1.91 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

Firstly, here's how you can know the status on NSE

C2C Advanced Systems will debut on the NSE SME platform on Tuesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 240 in the grey market. Considering the upper price band of Rs 226, the stock is expected to see a maximum listing gain of 90% over the issue price.

Warburg Pincus-backed logistics firm Ecom Express is looking to enter the primary market with a Rs 2,600-crore IPO, which will be a mix of fresh equity sale and an offer for sale (OFS).