IPO Financial News

Subscribe to enjoy similar stories. The half-year ended (H1FY25) earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors. The stock fell 10.5% since results were announced on 18 November.

₹3,960 crore from anchor investors. On its first day, NTPC Green Energy, the clean energy division of NTPC, achieved a subscription rate of 33%, primarily driven by retail investors who subscribed to 1.33 times the available shares.The Non-Institutional Investors (NII) segment accounted for 16% of the shares available for subscription, whereas the qualified institutional buyers (QIBs) segment did not receive any bids on the initial day.

Subscribe to enjoy similar stories. While new-age ventures received all the spotlight in the markets, hospitality companies have quietly drawn serious interest from investors after the post-pandemic boom in travel and tourism. Samhi Hotels Ltd, Apeejay Surendra Park Hotels Ltd and Juniper Hotels Ltd have gone public, and some big-ticket block deals have happened.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd’s lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance. A key disappointment was the 70-basis-point (bps) sequential drop in operating margin, which fell to 12.8% in the September quarter (Q2FY25).

Subscribe to enjoy similar stories. A few months back, Prosus, one of the world’s largest technology investors, faced a debilitating condition in India. It wrote off its entire $500 million investment in Byju’s, six years after it first backed the edtech company once valued at $22 billion.

initial public offering (IPO). The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Tuesday. At present, promoters and promoter group entities hold 87 per cent stake in the company.

mutual fund industry assets, a growing number of investors and the entry of new fund houses have led to several new fund offers (NFOs). Existing fund houses launch new products in categories where they do not have a presence while new ones are keen to enhance their product in themes that they currently find attractive.

Sebi) on Tuesday released a consultation paper and sought public feedback on suggestions made by the stock exchanges and merchant bankers to increase the application size for initial public offerings of small and medium companies. The above move comes in the wake of growing number of SME issues that has led to significant investor participation.

LISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again.

Gurdeep Singh, CMD, and Jaikumar Srinivasan, Director-Finance,NTPC & NTPC Green Energy, in talks with ET Now. Singh says that NTPC Green has a broad target of producing 60 gigawatt by FY32 but on a more immediate basis, they have operational capacity of 3.32 gigawatt and 13 gigawatt under construction. Singh says: “We were there yesterday, we are here today and we will be here tomorrow and going forward. Our clear-cut strategy is that we will be going very steadily while taking care of the good returns, but we are at present ready to execute large scale projects in different parts of the country.” NTPC Green favours large scale solar projects plus the wind projects rather than the smaller ones of 100 to 200 megawatt because smaller projects have to be in the queue to get connectivity in the pooling station. In case of a large-scale renewable energy park, the pooling station comes to the park.

initial public offering (IPO) of Zinka Logistics, the parent company of Flipkart-backed trucking aggregator BlackBuck, sailed through on the last day of its public issue, with bids exceeding more than 1.86 times the shares the company has put up for sale. According to data from the BSE, the public issue received bids for 4.19 crore shares against the 2.25 crore shares on offer. Qualified institutional buyers (QIBs) bid 2.76 times the shares reserved for them, while retail investors subscribed to their portion 1.66x. Employee bids reached 9.88 times, whereas non-institutional investors (NIIs) subscribed 0.24 times.

Subscribe to enjoy similar stories. Semiconductor chip manufacturer Polymatech Electronics will spend close to $300 million in closing two acquisitions within the next few months in the US and France as it expands its presence globally. Polymatech Electronics founder Eswara Rao Nandam told Mint that the acquisitions will be funded through a mix of internal accruals and external investments from potential equity investors.

Index Private Ltd, a subsidiary of BSE, on Monday announced the launch of a new index — BSE Select IPO — to measure the performance of newly listed stocks on the bourse either through a public issue or spin-off/demerger process. Stocks are included in the index based on three primary criteria — full market capitalisation, liquidity and minimum listing history of three months, Asia Index said in a statement. This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of new companies across all the major sectors in India.

initial public offering of Zinka Logistics, the parent company of Flipkart-backed trucking aggregator BlackBuck, sailed through on the last day of its public issue. As of 3 pm, the overall issue was subscribed 1.30 times. According to data from the BSE, the public issue received bids for more than 3.52 crore shares against the 2.25 crore shares on offer. Qualified institutional buyers (QIBs) bid 1.80 times the shares reserved for them, while retail investors subscribed to their portion 1.46x.

NTPC Green Energy is set to open for public subscription tomorrow, November 19, and will close on November 22. Ahead of the issue, the grey market premium (GMP) for NTPC Green Energy shares is around Rs 1-2, indicating a 1% premium over the issue price.

Neelam Linens and Garments will debut on the NSE SME platform today. Ahead of the listing, the company's shares traded with a GMP of Rs 14. Considering the upper price band of Rs 24, the stock is expected to list with gains of 54% premium over the issue price.

Subscribe to enjoy similar stories. Stock market investors have seen their wealth erode by close to ₹50 trillion in the past seven weeks amid a flurry of primary market issuances and foreign institutional investor (FII) selling fuelled by India Inc's tepid earnings growth and rising bond yields in the US. Though analysts are not ruling out a rebound after the brutal sell-off over seven weeks, they doubt the durability of one.

NTPC Green Energy is set to open for public subscription on November 19 and will close on November 22. Ahead of the issue, the grey market premium (GMP) for NTPC Green Energy shares is around Rs 1-2, indicating a 1% premium over the issue price. The company has set a price band of Rs 102-108 per share for its IPO, a fresh equity sale of 92.5 crore shares. Through this offering, NTPC Green Energy aims to raise Rs 10,000 crore.

Maharashtra election, FII flows, and global market dynamics—are likely to influence market movements. On Thursday, the Nifty 50 fell 0.11% to 23,532, closing below its 200-day moving average for the first time since April 2023. The BSE Sensex shed 0.14%, ending at 77,580. Markets were closed on Friday for Guru Nanak Jayanti.

initial public offering (IPO) of NTPC Green will open for subscription on November 19. The issue closes on November 22. Through the public offer, the company plans to raise nearly Rs 10,000 crore. Here are 10 things to know about the NTPC Green IPO before subscribing to the issue.

Subscribe to enjoy similar stories. One man who will be deeply disappointed with Donald Trump’s victorious run in the US presidential election will be Vinod Khosla. In the run-up to the elections, Khosla engaged in a bitter and public debate with Trump’s principal backer Elon Musk on the latter’s platform X, arguing that “No delusional person would be president, and this guy is certifiable with no values." For this, he invited abundant vitriol from Musk and criticism from a section of the Republican party which he had supported and voted for in the past before turning into an independent.