IPO Financial News

Waaree Energies dropped nearly 10% to Rs 2,294.5 on the BSE after their strong debut on the exchanges on Monday. The stock debuted at Rs 2,550 on the BSE, reflecting a premium of Rs 1,047 or 69.7% over the IPO price of Rs 1503. «Waaree Energies Limited made a strong listing, reflecting investor confidence in the company's growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of 2000,» said Shivani Nyati, Head of Wealth at Swastika Investmart.

₹4,321.44 crore, received bids for 1,60,91,70,633 shares against the 2,10,79,384 shares that were available, according to data from the BSE.The segment allocated for Qualified Institutional Buyers (QIBs) saw an impressive 208.63 times subscription. Non-institutional investors subscribed 62.49 times, while Retail Individual Investors (RIIs) achieved a subscription rate of 10.79 times.This initial offering recorded one of the highest numbers of applications, totalling ₹97.34 lakh.

Waaree Energies will debut on the exchanges today. Ahead of the listing, the company's shares are trading with a GMP of Rs 1225 in the grey market. Considering the upper price band of Rs 1503, the stock is expected to list at 81% premium over the issue price.

initial public offering (IPO) will value the Bengaluru-based company at $11.2 billion, just a tad higher than its last round more than two years ago, according to people in the know. The ₹11,300 crore IPO, among the largest this year in India, is likely to be launched on November 6, and will see as much as ₹6,800 crore in secondary sale through an offer for sale (OFS) with primary capital of ₹4,500 crore coming into the company.

On Friday, Nifty closed at 24,180.80, lower by 218.60 points or 0.9%.

Waaree Energies next week, given the shares are commanding a hefty premium in the grey market. Waaree Energies shares are trading with a GMP of Rs 1350 in the grey market and considering the upper price band, the stock is expected to list with a premium of 90%.

As of 11 am, the maximum number of bids were attracted by the retail investors with a subscription of 1.17 times, followed by the non-institutional investors (NIIs) with a subscription of 32%.

₹440 and ₹463 per equity share with a face value of ₹10. The Afcons Infrastructure IPO subscription period is set to begin on Friday, October 25, and will conclude on Tuesday, October 29.As of June 30, 2024, the firm is actively involved in 65 projects across 12 countries, with a cumulative order book valued at ₹317.47 billion.Over the years, the company has broadened its international footprint, especially in Asia, Africa, and the Middle East.

Subscribe to enjoy similar stories. Mumbai: Early last year, Ecom Express’s investors were looking for a successor to take over the reins from T.A. Krishnan, the third-party logistics (3PL) company’s co-founder and chief executive.

Subscribe to enjoy similar stories. Afcons Infrastructure Ltd, the flagship company of the Shapoorji Pallonji Group specializing in infrastructure, engineering, and construction, is set to launch its much-anticipated initial public offering (IPO) on Friday. Afcons, known for executing large-scale engineering, procurement, and construction (EPC) projects both domestically and internationally, aims to raise ₹5,430 crore, including a fresh issue of ₹1,250 crore, with shares priced between ₹440 and ₹463 apiece.

Rajesh Power Services (RPSL) has filed a Draft Red Herring Prospectus (DRHP) with the BSE SME to raise funds via an initial public offering (IPO). The IPO will comprise a fresh issue of 27.90 lakh equity shares with a face value of Rs 10 each and an Offer for Sale (OFS) of up to 20 lakh equity shares, through a book-building process.

Subscribe to enjoy similar stories. The Indian stock market recently witnessed a landmark event – the successful completion of Hyundai Motor India’s ₹27,870-crore initial public offering, the country’s biggest IPO to date. The last time a car maker went public was in June 2003, when Maruti Suzuki launched its ₹990-crore IPO.

The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25. The issue closes on October 29. Through the public offer, the company plans to raise nearly Rs 5430 crore. Here are 10 things to know about the Afcons Infrastructure IPO before subscribing to the issue.

Waaree Energies IPO is likely to be finalised today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Subscribe to enjoy similar stories. What do you think when you see a slew of new fund offers (NFOs) from various mutual funds or portfolio management services (PMS) providers centred around a particular theme? Over the past year, these have been mostly in areas like small caps, public sector undertakings, industrials, defence, green energy, etc. Most investors think it means these fund managers believe that the theme will give superior returns.

Godavari Biorefineries will open for subscription on Wednesday. The issue will be available for bidding till October 25. The IPO includes a fresh issue worth Rs 325 crore and an offer-for-sale (OFS) of up to 6.53 million shares by existing shareholders and promoters. Private equity firm Mandala Capital AG will exit the company, selling its entire stake of 49,26,983 shares in the OFS.

Tokyo Metro jumped 36% in their Tokyo market debut on Wednesday after an initial public offering proved popular among investors. Tokyo Metro, one of the capital's two major subway operators, opened at 1,430 yen ($9.44) after shares were initially untraded with a glut of buy orders.

Sampath Reddy, Founder & CIO, Azurean Investment Managers, says overall, the steep growth in the earnings that we had seen in the last several quarters, is getting decelerated. As a result, overall the valuation premium that we used to enjoy vis-a-vis most other global markets is getting slightly compressed. So, we could see a subdued trend in the market for some more time, more so in the midcap and smallcap segments. I am guessing the portfolio is not looking a very pretty picture right now and if possible, perhaps one should stay away from looking at the portfolios today with the kind of weakness that we are seeing. But do you expect this to be only a transient issue or are the next couple of weeks and months going to be full of turmoil and volatility for individual investors? Sampath Reddy: The way the markets have moved up over the last few years, overall valuations are on the higher side, especially more so in the midcap and smallcap segment where the valuations are much more steep. Because of which, there could be a subduedness in the market overall for the very near term and even if we were to look at the quarterly numbers of the Q2, most other places, the numbers are coming slightly below expectations.

weak debut on the bourses with the stock opening at ₹1,931 on Tuesday, over 1% below its Initial Public Offer (IPO) price of ₹1,960. The stock ended at ₹1,820.40, 7.1% below the issue price, continuing the first-day weak show trend among large IPOs. Hyundai's ₹27,870 crore IPO last week was the largest ever in India's primary market.

Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors, a day before its initial share-sale opening for public subscription. Marquee investors who participated in the anchor book included HDFC Mutual Fund, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte Ltd, Societe General and SBI General Insurance, according to a circular uploaded on BSE website. As per the circular, Godavari Biorefineries allocated 47.28 lakh equity shares to 19 funds at Rs 352 apiece, which is also the upper price band of the IPO. This translates into a transaction size of Rs 166.42 crore.

By the close of trading, Hyundai Motor's stock dropped further, ending at ₹1,820.40 on the BSE, reflecting a 7.1% loss from the issue price. The disappointing start came despite the IPO being oversubscribed more than two times, with retail investors showing relatively less interest by purchasing only half the tranche allocated to them.