IPO Financial News

share allotment of Tolin Tyres 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.

Kross 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.

IPO dates: September 13-18, 2024 IPO price: Rs 163-172 IPO size: Upto Rs 493 crore

Mint. With the IPO market booming again this year, there is a need for merchant bankers and investment managers to act more responsibly, but also for individual investors to be more informed about what they invest in, they said.

Bajaj Housing Finance was subscribed 14.05 times on the third and the last day of bidding on Wednesday, led by strong demand from non-institutional investors (NIIs) and qualified institutional buyers (QIBs). On day two, the issue was subscribed 7.5 times. At 11:30 am, the issue attracted bids for 10,22,02,27,408 shares, or 14.05 times against the issue size of 72,75,75,756 shares. The retail portion was subscribed 5.35 times, while non-institutional investors subscribed 25.2 times. The qualified institutional buyers’ allocation was booked 23.5 times, and the shareholder reservation portion saw 12.76 times subscription.

Student accommodation provider, The Hive Hostels, has partnered with Crib, a property management software platform, to fully digitalize its business operations, financial systems, and management processes. The company plans to add 3,000 beds by the end of FY 25 with an investment of Rs 10 crore. The partnership with Crib aims to enhance The Hive Hostels' operational efficiency as the company prepares for its upcoming IPO.

Swiggy may increase the fresh issue component of its upcoming IPO to ₹5,000 crore, and will seek the approval of its shareholders for the same at an extraordinary general meeting (EGM) on October 3, it said in a notice to shareholders. The food and grocery delivery company had initially planned to raise ₹3,750 crore in fresh capital in addition to a ₹6,664 crore offer for sale by existing investors. The final size of Swiggy's IPO could be different from the approval it is seeking from its shareholders. Swiggy has made a confidential filing of its draft prospectus for its IPO with the Securities and Exchange Board of India. The company's board of directors had first accorded its approval to the public offering back in April. Tuesday's development was first reported by online news portal Entrackr. Last week, Swiggy reported its financials for the year ended March 31, 2024. It recorded a 36% year-on-year growth in its operating revenue to ₹11,247 crore, while managing to reduce its net loss to ₹2,350 crore, 44% lower than a year ago.

franchise partner Varun Beverages announced September 12 as the record date for its 2:5 stock split, which means that the stock will trade on an ex-split basis from tomorrow. This means that the shareholders whose names appear in the company's database on the record date are eligible for the said stock split.

chakri" in the kya lagta hai stock market lingo. Given the low volumes of such stocks, as soon as this pre-agreed buying and selling would come in, the price of the stock would start to go up. Once the price went up regularly for a few days, it would appear on the radar of retail investors looking to make a quick buck.

Burma Burma plans to go public with an IPO in the next three years, co-founders Chirag Chhajer and Ankit Gupta told ET. The company is also aiming to triple its footprint before going public, they said. Last month Burma Burma (Hunger Pangs Pvt Ltd) raised $2 million in equity investment and is looking to raise another $3 million. The round is expected to see participation from existing investors Negen Capital and family offices.

₹600 crore to ₹1,500 crore." Peak XV-backed Awfis listed in May this year. The company raised ₹599 crore selling shares in the range of ₹364- ₹383 apiece. Since then, its stock has doubled and closed at ₹757.20 on the National Stock Exchange on Monday.

asset owner with a primary focus on luxury offerings across business and leisure segments, has filed its draft red herring prospectus with market regulator Sebi to raise funds through an IPO. The company’s IPO comprises a fresh equity issue of up to Rs 2000 crore.

capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO). The Pune-based company's IPO is completely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Also, the company may consider a pre-IPO placement aggregating up to Rs 400 crore. If such placement is undertaken, the issue size will be reduced.

₹1,100 crore. The price band has been set at ₹456 to ₹480 apiece, with a fresh issue component of up to ₹850 crore, which will be used to fuel expansion in Maharashtra and reduce debt. With a robust brand and a multichannel approach, PNG is well-positioned to capitalize on India's growing appetite for jewellery.

Bajaj Housing Finance is getting strong response from investors as the issue sailed through on the first day of bidding. As the demand for the IPO increases, the chances of getting an allotment under the retail category might be less. However, investors looking to maximise their opportunity to secure an allotment can apply under a special quota, which is the shareholders category.

IPO). The Kolkata-based company's initial share-sale will be available for public subscription from September 13 to September 18 and the bidding for anchor investors will open for a day on September 12, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.

At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue size of 72,75,75,756 shares. The retail portion of the issue was subscribed 2.37 times, and the non-institutional category's subscription rate stood at 6.82 times. The allocation for qualified institutional bidders was booked 1.08 times.

SME IPO of Trafiksol ITS Technologies opens for subscription earlier today and will close on September 12. The company aims to raise about Rs 45 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Lombard Street: A Description of the Money Market details the dubious purposes for which businesses sought to raise funds: “To make Salt Water Fresh… For building of Hospitals for Bastard Children… For trading in Human Hair… For a Wheel of Perpetual Motion." But the most audacious was: “For an Undertaking which shall in due time be revealed." We no longer live in the 18th century and such blatant fraud is not usually possible today. However, in the 1990s, merchant bankers did inflate the value of many dotcom companies with barely any business prospects, projecting a prosperous future to sell retail investors these shares at excessive valuations. If merchant bankers had made a habit of refusing such deals, much of the dotcom bubble might never have occurred.

₹66-70. The company has raised ₹1,758 crore from anchor investors and reserved portions for various investor categories, including a special quota for shareholders.The Bajaj Housing Finance IPO has allocated up to 50% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and a minimum of 35% of the offer is set aside for retail investors.The initial public offer of Bajaj Housing Finance IPO has been subscribed 2.02 times on the first day of subscription today, as per BSE data.The portion for retail investors received 1.51 times subscription while the quota for non-institutional investors got subscribed 4.35 times.

In an interview with ETMarkets, Ramdas said: “India deserves to trade at a premium, and that’s completely alright. There are specific stocks and sectors, however, that investors must be wary of” Edited excerpts: