IPO Financial News

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Abundant rainfall this year has boosted kharif crop sowing, but excess rains in September may lead to crop damage and add risks to India's inflation trajectory.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Subscribe to enjoy similar stories. Singapore's Temasek Holdings is close to buying Peak XV's 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million, three people aware of the development said. The deal, which has been in the works for more than a year and a half, may value the specialist mother and baby care hospitalat around $600 million, the people cited above said on the condition of anonymity.

NTPC Green Energy filed draft papers for a Rs 10,000 crore ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables ramp-up plans and a red-hot equities market. The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed.

Subscribe to enjoy similar stories. Hot streaks at a few software-as-a-service (SaaS) startups are driving the measure of success out of reach for many others, undermining the also-rans’ prospects for the most lucrative exits. A few years ago, $100 million in annual recurring revenue was often enough to set cloud companies on the path to larger late-stage rounds at lofty valuations and perhaps even an initial public offering.

Subscribe to enjoy similar stories. When planning your finances, there's always plenty of advice on how and when to invest in mutual funds. However, an equally important question is all but ignored — when should you sell your mutual fund investments? Knowing when and why to sell a mutual fund is just as important as knowing which fund to invest in, and requires a mix of strategy, timing and foresight.

The initial public offering (IPO) frenzy is pushing more investors to test their luck, but despite the enthusiasm, most applicants seem to miss out amid heavy oversubscription, and the process remains largely a game of chance.

Subscribe to enjoy similar stories. India's small and medium enterprises (SMEs) are flooding the stock market, raising billions through initial public offerings (IPOs). The surge in activity signals robust investor confidence, but beneath the surface, questions about market manipulation and the sustainability of this growth are emerging.

The anchor book will open for one day on September 20.

IPO) of Western Carriers was subscribed by 10 times so far on the fourth day of the bidding process attracting a strong demand from retail and non institutional investors (NIIs). The portion reserved for the retail investors as well as the NIIs received a solid response and was booked a little over 14 times so far around 10:30 am today.

Sandip Sabharwal, asksandipsabharwal.com, says the price at which Bajaj Housing Finance is trading is crazy and there is no way one can justify these valuations when large, established, diversified financials are trading at half, one-third, or maybe 25% of the valuation of this company. Like with many other IPOs, this is just frenzied trading in a limited-float stock. Sabharwal says there’s a similar frenzy in Ola Electric, which is losing market share every month, it is giving forecasts based on them either maintaining or improving market share, which is not going to happen. FOMO is setting in over the Bajaj Housing Finance IPO. The stock for a second consecutive day ended up in the green. But what is the message out there for people who want to participate right now? Should they be sitting on the sidelines, waiting for the frenzy to be over?

Subscribe to enjoy similar stories. Mumbai: Rising scrutiny on the flurry of small enterprises going public finally has Exhibit One: TrafikSol ITS Technologies Ltd. On Tuesday, BSE postponed the listing of TrafikSol shares after investor complaints reached the market regulator, a person aware of the matter said.

Subscribe to enjoy similar stories. Retail investors have taken initial public offerings (IPOs) by storm, leading to a record surge in activity and reshaping the landscape of both mainboard and SME offerings.

Subscribe to enjoy similar stories. “Strike while the iron is hot," the saying goes. Ventive Hospitality’s recent announcement of an initial public offering (IPO) exemplifies this, as it comes amid a boom in the domestic IPO market and an upcycle in the hotel industry.

Subscribe to enjoy similar stories. The recent ₹6,560-crore initial public offering (IPO) of Bajaj Housing Finance, which was oversubscribed nearly 67 times, underscored the ongoing frenzy around IPOs in India. The sheer demand – translating to bids worth more than ₹4 trillion – highlights the immense trust investors place in established corporate giants like Bajaj and Tata.

Bajaj Housing Finance made a stellar debut on the domestic bourses, some investors could be rueing the missed chance due to technical hiccups. Nearly 14 lakh applications or 16% of total bids in the company's Initial Public Offering (IPO) — the largest issue in 2024 — were disqualified, according to allotment documents released on Monday. This is the second-highest number of rejections in absolute terms since the Life Insurance Corporation (LIC) IPO in May 2022. Bankers and market participants said most disqualifications were due to operational glitches, with a chunk of them being unable to complete the UPI (Unified Payments Interface) process. There were also reports of technical issues related to UPI systems.

«So, a lot of these models have even made restaurants successful. So, right now, the ordering activity in India and you look at the per order realisation for even Zomato or Swiggy that has been on the rise,» says Devang Mehta, Spark Private Wealth. Just wanted to get your thoughts in on the kind of valuation that Zomato is currently quoting and we do not know what pricing, etc, is going to be the detail for Swiggy, that is, but just wanted to understand, given that these are the only two players in the market right now, how is it that you would stack up Zomato's valuations? Devang Mehta: See, honestly, on the valuation front, if you look at both these businesses, they would probably trade at a bit of a, if I can use that word, crazy valuations. Why? Because there will always be a scarcity premium for this type of business and we know that at least Zomato is now that way profitable and, in fact, Blinkit has done very well.

Mistry family's Shapoorji Pallonji (SP) Group, which holds an 18.37% stake in Tata Sons, suggested that the Tata Group holding company explore the possibility of an initial public offering (IPO) to unlock value for stakeholders, according to people with knowledge of the matter. At the Tata Sons annual general meeting (AGM) held on Monday, the SP Group also praised the strong performance of group companies under the leadership of the executive team headed by chairman N Chandrasekaran, suggesting that ties between the two sides may have become less frosty.

Fabtech Technologies, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO with a face value of Rs 10 per equity share is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion.

LIC Housing Finance shares fell over 6% while those of PNB Housing Finance plunged nearly 7% as the stellar debut of Bajaj Housing Finance on Monday took away all the limelight from them. Bajaj's multibagger debut saw the stock get listed at a premium of 114%. LIC Housing shares today fell to the day's low of Rs 678 on the NSE amid strong volumes as more than 92 lakh shares changed hands around 2 pm. On the other hand, PNB Housing fell to the day's low 1,061.05 following a Friday rally where the stock had hit its 52 week high of Rs 1,202.20.

IPO) of Arkade Developers was fully subscribed within just 2 hours of its opening, with a subscription rate of 126% so far. Around 12 noon, the highest demand was driven by the retail investors, booking the issue by 2.15 times, followed by the non-institutional investors, subscribing the issue by 1.2 times. The portion for qualified institutional buyers had attracted only 3,300 bids against 67.44 lakh shares reserved for them.