IPO Financial News

Subscribe to enjoy similar stories. A month after Ola Electric was listed in the public market, its older but smaller rival Ather Energies also filed its draft red herring prospectus (DRHP) for an initial public offering (IPO). Founded in 2013, Ather Energies has seen Ola Electric, four years its junior, overtake it in sales in the past few years.

Subscribe to enjoy similar stories. Bajaj Housing Finance’s bumper listing today (16 September) might leave many investors feeling pangs of regret. The stock debuted at ₹150 per share, a staggering premium of 114% over its issue price of ₹70 apiece, possibly igniting a wave of FOMO (fear of missing out) among those who were unable to secure allotments in the company’s initial public offering (IPO).

₹3,000 crore and a new issue of equity shares up to ₹3,560 crore.The aim of the share offering is to satisfy the directive from the Reserve Bank of India (RBI) for higher layer non-banking financial organisations (NBFCs) to list on stock exchanges by September 2025.To meet its future capital requirements, the firm will use the proceeds from the new offer to expand its capital base.Bajaj Housing Finance IPO GMP today is +75. This indicates Bajaj Housing Finance share price were trading at a premium of ₹75 in the grey market, according to investorgain.com.The estimated listing price of Bajaj Housing Finance share price was indicated at ₹145 apiece, considering the upper end of the IPO price band and the current premium in the grey market, representing an 107.14% increase from the IPO price of ₹70.After analysing the grey market activities from the last 26 sessions, it is evident that today's IPO GMP is on an upward trend, indicating a strong potential for listing.

This is because in the current environment, where the earnings growth is moderating incrementally, the scope for PE rerating is limited, Amit Ganatra, Head of Equities, Invesco Mutual Fund tells ET Wealth. How are you reading the current market scenario? Is the buoyancy likely to persist on the back of expected interest rate cuts? Market conditions have to be evaluated on the basis of macro outlook and earnings outlook. India’s macro outlook has strengthened in the past few years due to an improvement in the fiscal and current account deficits, and health of balance sheets in the corporate and banking sectors. This has happened at a time when the overall macro conditions for many large economies in the world are either deteriorating or, at best, remain steady. So, in that context, India is demonstrating macro outperformance to the rest of the world.

Bajaj Housing Finance, which saw a record response to its IPO last week. Based on grey market trends and analysts' estimates, the company's shares are expected to deliver multibagger returns to investors. Since the IPO was announced, Bajaj Housing Finance shares have been in high demand in the grey market, with the GMP continually rising. The current GMP for the stock is approximately Rs 84, representing a premium of nearly 120% over the issue price.

Tolins Tyres is set to debut on the bourses on Monday. Grey market trends suggest that the stock is expected to deliver positive gains, with the grey market premium (GMP) at Rs 30, indicating a 13% premium over the issue price. The shares of Tolins Tyres are set to debut on the bourses on Monday. According to grey market trends, the stock is expected to deliver positive gains to investors.

Kross Ltd will debut on the exchanges on Monday. Ahead of the listing, the company’s shares are trading with a grey market premium (GMP) of Rs 24.5. With the upper price band set at Rs 240, the stock is anticipated to list at a 10% premium to the issue price.

Subscribe to enjoy similar stories. (Bloomberg) -- South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter.

grey market premium (GMP) on Kross' shares have reduced by half to Rs 24 from Rs 50 ahead of the listing of the stock on September 16, Monday. This is a 10% premium over the issue price of Rs 240 per share. The three-day initial public offering (IPO) which ended on September 11 got a strong response from all categories of investors though qualified institutional buyers (QIBs) hold the edge.

If the current trends sustain, Bajaj Housing Finance is likely to deliver multibagger gains to investors on debut.

IPO of Bajaj Housing Finance might have a spillover effect on the overall NBFC sector with the anticipated interest rate cuts going forward and valuations remaining attractive. Bajaj Housing Finance raised Rs 6,500 crore through its IPO and received overwhelming market response with bids exceeding Rs 3 lakh crore. This strong interest was driven by factors such as strong parentage, reasonable valuations, and the current IPO euphoria.

Nazara Technologies gained over 4% to hit a fresh 52-week high of Rs 1,048.80 on the NSE after the company announced plans to acquire a 47.7% stake in Moonshine Technology Private Limited (MTPL) for Rs 832 crore. Additionally, Nazara will inject Rs 150 crore in primary capital into Moonshine via compulsory convertible preference shares. Moonshine is the parent company of PokerBaazi, an online poker gaming platform.

Bajaj Housing Finance IPO, which was expected on Thursday, is now likely to be finalised today. The shares are expected to get listed on the exchanges on September 16. In the unlisted market, the company's shares are trading with a GMP of Rs 79, which translates to a premium of 114% to the issue price.

best investor this year witnessed jury members prize the conviction of venture investors who not only spot business ideas early on but stay on with an entrepreneur in the long journey of building a company. They also assigned great value to investors who took the call to exit companies at the right time, providing cash returns consistently to their sponsors.

New India Insurance, HDFC Ergo General Insurance, and National Insurance reported growth deceleration. Total industry premiums stood at Rs 22,880 crore, compared to Rs 21,883 crore in August 2023. August saw a dip in auto sales, with passenger vehicle sales falling 4.5% year-on-year during the month, according to data released by the Federation of Automobile Dealers Association. Standalone health insurance companies, on the other hand, reported a robust 24.5% growth, driven by Niva Bupa Health Insurance, which is gearing up for its IPO. The health insurer saw premiums soar by 39% to Rs 596 crore from Rs 429 crore.

IPO) of Western Carriers will open for public subscription on Friday. Ahead of the debut, the company's shares have no GMP in the unlisted market. The IPO, which is priced in the range of Rs 163-172 apiece, will close on September 18 and the bidding for anchor investors will be done later today.

₹750 crore, or 25% of Ather’s fresh issue, is earmarked for research and development (R&D), which is comparable to Hero’s FY24 R&D budget of ₹826 crore, or around 2% of its revenue. Read this | With Rizta, Ather looks to bond better with family scooter market The other objective of the issue is the capital expenditure of ₹927 crore for setting up a new plant in Maharashtra with initial capacity of 500,000 units. The existing capacity at the Tamil Nadu plant is about 400,000 units, though its capacity utilization is only around 30%.

Hemang Jani, Independent Market Expert, says in India, it will be better to play the EV theme through some of the incumbent players. In two-wheelers, companies like Bajaj, Hero, TVS, and in four-wheelers, Maruti. It has been indicated that a large part of Maruti’s growth will come through hybrids or EVs. It makes more sense to go with those established players rather than trying to find newer emerging stories with very high valuations. Jani would also stay away from OMCs because state elections are coming and just to get some more positive sentiment, the government may roll out some kind of a price cut and that may not be that positive for the oil marketing companies. What is the outlook when it comes to the EV push, given that we are talking about this scheme? The Atul Auto management is saying it is going to benefit the entire EV value chain. Your take? Hemang Jani: The fact that there is going to be a certain amount of incentivisation by the government is pretty much known and the actual rollout is not that good compared to what the market was expecting. Also, for EV as a theme, there is too much hype and many IPOs. Even some of the existing players who have that offering are commanding much higher valuations whereas the actual growth at the ground level may not be that good.

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...