IPO Financial News

Subscribe to enjoy similar stories. Stock of Hyundai Motor India Ltd, only the second pure-play passenger vehicle maker to be listed on the Indian stock exchanges after Maruti Suzuki India Ltd, debuted on the National Stock Exchange (NSE) at ₹1,934 on Tuesday, a slight discount to its issue price ₹1,960. The issue—a milestone for both the company’s parent Hyundai Motor Co.

Zomato is acquiring an 8% equity stake in kitchen appliances startup Byondnxt Smart Home Pvt Limited, for Rs 6,000, the company said in an exchange filing on Tuesday. “Board of directors of Zomato has considered and approved the subscription of up to 600 equity shares of Byondnxt Smart Home Pvt Limited (“Byondnxt”), for a total purchase consideration of Rs 6,000/ at a price of Rs 10 per share. Byondnxt, a business-to-consumer (B2C) firm which designs and manufactures kitchen appliances was founded by Eshwar Vikas who is also the founder of Mukunda Food Pvt Ltd.

Subscribe to enjoy similar stories. Hyundai Motor’s record initial public offering in India didn’t get off to a good start, but it could still steer the country’s market into new territory. Shares of Hyundai Motor India, the Indian unit of the Korean carmaker, slipped 4% in the first day of trading Tuesday, after raising $3.3 billion in the country’s largest ever IPO.

Subscribe to enjoy similar stories. Bengaluru/Mumbai: Venture capital investors are increasingly encouraging some of their early- to mid-stage portfolio startups, such as IntrCity, BHive, and Leverage Edu, to go public, hoping to take advantage of a bullish stock market and return capital to their investors.

Subscribe to enjoy similar stories. New Delhi: State-run NLC India Ltd is looking to raise about ₹4,500 crore through the initial public offering (IPO) of its subsidiary NLC India Renewables Ltd (NLCIRL) in April-June 2025, according to its top executive. NLC will offload 51% shares of the renewable energy arm, Prasanna Kumar Motupalli, chairman and managing director (CMD) at the public sector lignite miner, told Mint.

Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include the launch of multiple electric vehicles to create value for shareholders. Speaking at the listing ceremony at the National Stock Exchange (NSE), Euisin Chung, Executive Chairman, Hyundai Motor Company, held the IPO shows that HMIL is a “key part of India”. This is the first IPO for a unit of the South Korean automaker outside South Korea. “As we move forward, HMIL will continue to embrace the highest standards in governance. Through its board of directors, HMIL will make prudent, transparent and timely decisions. Also, our commitment to localization will continue, based on the spirit of collaboration and shared growth. Our commitment to being a pioneer in future technologies will continue as well — right here in India”, Chung said.

Stay tuned to know about latest GMP, listing details, expert views, more.According to brokerage Master Capital Services, the Hyundai Motor India IPO, which launched on October 15, 2024, is highly anticipated due to the company’s strong market position in the Indian passenger vehicle segment. On 21st Oct, the company’s shares at pre-listing are trading at a grey market premium of ₹75 which is 3.8% higher than its original price band.

Subscribe to enjoy similar stories. Last week, Hyundai Motor India raised close to ₹28,000 crore through its initial public offering (IPO). Data from Prime Database suggests that as of 17 October, 42 IPOs had raised more than ₹78,000 crore during 2024-25.

The Lalit will file fresh documents for its initial public offering (IPO) in the next fiscal year starting April 2025, a top company official told ET. The IPO size may be between ₹1,500 crore and ₹1,800 crore, though the final decision is still some time away and will depend on several factors, including the market situation, said another person aware of the New Delhi-based hotel chain's plans.

The IPO was booked 2.3 times, with full subscription achieved only on the last day. The valuations are fully priced, and since the issue is a complete offer for sale (OFS), the company will not receive any proceeds from the offer.

Mumbai: SoftBank Investment Advisers co chief executive Alex Clavel rates India among its top performing markets, on the back of a spree of public listings by its portfolio firms. “India is the world’s most successful IPO market of 2024,” he said during an exclusive interaction with ET at SoftBank’s office in Mumbai. “Others, including the US, haven’t seen as many IPOs, even outside of tech.” Clavel took over his new role at the Japanese conglomerate a year ago, jointly leading its investing vehicle SoftBank Vision Fund ( SVF) with Rajeev Misra. While Clavel spearheads SVF-II, Misra who stepped away from day-to-day operations in 2022 and later launched One Investment Management, oversees legacy investments from SVF-I. Clavel’s ascension coincided with a tightening of the ship at the Masayoshi Son-founded group after years of exuberance, amid a broader reset in the technology investing world.

Afcons Infrastructure will open for subscription on October 25 and bidding for the issue can be done till October 29. Through the IPO, the Shapoorji Pallonji Group's infrastructure engineering and construction company plans to raise around Rs 5430 crore. The company has fixed a price band of Rs 440-463 per share, where investors can bid for 32 shares in one lot.

Middle East's biggest hypermarket chains, kicked off an initial public offering on Monday that bankers say could be the UAE's largest this year. The offering by the conglomerate that runs more than 240 stores in the six countries belonging to the Gulf Co-operation Council comes during a retail spending boom in the region that is spurring domestic listings by companies in the sector. The listing, set to run from Oct. 28 to Nov. 5, will offer more than 2.582 billion shares, which are expected to start trading on the Abu Dhabi Securities Exchange on Nov. 14, Lulu's IPO document showed.

Sebi for an initial public offering of Rs 570 crore, a statement said on Monday. The initial public offering (IPO) comprises a fresh issue of shares worth up to Rs 170 crore and an Offer for Sale (OFS) of shares worth up to Rs 400 crore, Jaro Education said in the statement. Promoter Sanjay Namdeo Salunkhe is selling equity shares worth Rs 400 crore through the OFS route.

HDFC Bank on Monday jumped 3% to Rs 1,734 on BSE after India's largest private sector lender reported steady performance in Q2 with PAT growth of 5.3% year-on-year (YoY) beating Street estimates. HDFC Bank's board approval to launch the IPO of its NBFC subsidiary – HDB Financial Services — to the tune of Rs 12,500 crore (including OFS of Rs 10,000 crore) to meet regulatory guidelines will also unlock value for shareholders.

Rahul Malani, Banking Analyst, Sharekhan, says if one has an investment horizon of around three years, then this is a good entry point for HDFC Bank from a medium-term perspective. In the near term, it will continue to be guided by the news flows and the quarterly numbers. Malani does not see more than 10-15% upside in the next one to two years. But over three to four years, there is a scene for good re-rating. As for Kotak Mahindra Bank, the Street seeks a timeline for the lifting of the RBI embargo on issuing credit cards and onboarding more online customers via and also the overall submissions to the RBI were unclear. So, until and unless that clarity comes to the Street, Kotak Bank will continue to remain range-bound and trade with a negative bias. Let us start off with Kotak because that is an out-and-out disappointment. Do you think that is much in the price, given that the stock has languished for quite some time now? Rahul Malani: As you rightly alluded, the valuation mostly reflects all the intermittent headwinds. So, we do not feel that there will be a much negative reaction on the stock because the results were weak but that was on expected lines. However, the Street was looking at the timelines for the lifting of the RBI embargo, plus the overall submissions to the RBI that were unclear. So, until and unless that clarity comes to the Street, Kotak Bank will continue to remain range-bound and will trade with the negative bias.

Hyundai Motor India Ltd. was the country’s largest ever. That, however, is not its true significance. More interesting is whether the South Korean automaker’s $3.3 billion IPO will be a trendsetter like Colgate-Palmolive Co.’s listing of its local unit nearly 50 years ago. A comparison with the past may help shed a light on the future. Back then, issuers had to be coerced. India’s foreign-exchange position, never too comfortable, had started looking downright perilous after the 1973 global oil shock. Colgate’s dividend repatriation, many times more than its capital investment, became a lightning rod for lawmakers. They brought in a law to limit multinationals’ holdings in domestic operations to 40%.

JM Financial will be in focus on Monday after the company on Friday announced that the Reserve Bank of India has lifted the restrictions placed on its subsidiary, JM Financial Products Ltd, that prohibited it from engaging in any business related to funding for shares and bonds due to regulatory violations and governance issues. «We wish to inform you that the RBI, vide its letter dated October 18, 2024, has lifted the restrictions imposed by it on the company (JM Financial Products Ltd) through its order dated March 5, 2024,» JM Financial said in a regulatory filing.

Subscribe to enjoy similar stories. For all the excitement around the biggest initial public offering (IPO) in Indian history, the public response to Hyundai’s share sale was underwhelming to say the least.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. Insomnia Media and Content Services Ltd, led by producer Juhi Mehta, has filed for an initial public offering (IPO) on the National Stock Exchange’s (NSE) Emerge platform, aiming for an enterprise valuation of ₹200 crore. The company plans to dilute 27% of its equity through a fresh issue of shares.