IPO Financial News

10.09 / 04:23

markets UPS IPO wellness Trade band PN Gadgil Jewellers IPO opens for subscription today. Should you bid?

PN Gadgil Jewellers is set to open for subscription on Tuesday and will be available for investors to bid till September 12. The IPO includes a fresh issue of up to 1.7 crore shares and an offer for sale (OFS) of up to 52 lakh shares by Binod Kumar Agarwal. The funds raised through the IPO are proposed to be utilised for the funding of expenditure towards setting of 12 new stores in Maharashtra, repayment of debt, and other general corporate purposes.

10.09 / 04:18

markets IPO Analysis trends Trade Experts AGRO Shree Tirupati Balajee Agro Trading share allotment soon: Check status, GMP, listing date and other details

share allotment of Shree Tirupati Balajee Agro Trading IPO is likely to be finalised today. Investors will get shares on a lottery basis and the registrar supervised the whole process. On the allotment date, investors get to know the number of shares allotted to them 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.

10.09 / 04:12

IPO Platform Analysis trends Trade Experts band SPP Polymer IPO: Check issue size, price band, GMP and other details

SME IPO of SPP Polymer opens for subscription today and will close on September 12. The company aims to raise about Rs 24 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

10.09 / 01:14

COST UPS IPO Strategy rights India's first unicorn InMobi has two IPOs on its menu now

₹800-900," Tewari said. A key priority for Tewari is to get its strategy on artificial intelligence right. The company isin the process of tying up with a large US AI-led tech company, which will power its next version of Glance in the US.

09.09 / 18:18

markets UPS IPO Citigroup Trade band Ahead of IPO, PN Gadgil Jewellers collects Rs 330 crore from anchor investors

PN Gadgil Jewellers Ltd on Monday said it has raised Rs 330 crore from anchor investors, a day before its initial share-sale opening for public subscription. ICICI Prudential Life Insurance Company, Tata Mutual Fund (MF), Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital, The Jupiter Global Fund are among the anchor investors. According to a circular uploaded on BSE's website, the company has allocated a total of 68.75 lakh equity shares to 33 funds at Rs 480 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 330 crore.

09.09 / 18:07

markets UPS IPO Morningstar Trade cover China’s Midea moves ahead with Hong Kong’s likely biggest listing this year

Chinese appliance maker Midea Group has started taking orders from investors for an initial public offering to raise up to US$3.46 billion, which, if successful, would be the biggest such fundraising deal in Hong Kong this year. Foshan-based Midea is selling a total of 492.14 million shares at a price range of HK$52.00-HK$54.80, equivalent to US$6.67-US$7.03 a share, Midea said in a filing Monday. At the top end of the range, the IPO size would be US$3.46 billion and surpass tea shop giant Sichuan Baicha Baidao Industrial’s around US$315 million listing in April.

09.09 / 10:58

markets IPO Analysis trends Trade Experts band Mumbai-based realty player Arkade Developers' IPO to open on September 16. Check details

IPO) of Mumbai-based realty player Arkade Developers will open for subscription on September 16. The issue, which is completely a fresh equity sale of Rs 410 crore, will close on September 18. The price band for the issue will be announced soon.

09.09 / 10:21

markets UPS IPO CEO security reports Ather Energy files for Rs 3,100-crore IPO: key points to know

Electric two-wheeler maker Ather Energy on Monday filed preliminary papers for its initial public offering (IPO) with capital markets regulator Securities and Exchange Board of India (Sebi). This comes weeks after the successful market debut of its main rival Ola Electric. ET had reported on September 6 about Ather's IPO plans. Here are key things to know:

09.09 / 09:45

markets UPS IPO Strategy Food country Decoding online meat retailer Zappfresh’s SME IPO and growth strategy

Mint. Despite growth concerns in the sector, Zappfresh, a brand owned by DSM Fresh Foods Ltd, is aiming for a three to four-fold increase in revenue in the next three years, founder Deepanshu Manchanda said. How does it plan on doing that? By expanding its presence in the country and going overseas, setting up offline outlets, and through acquisitions.

09.09 / 02:58

markets UPS IPO security band guidelines Bajaj Housing Finance IPO: How to apply under shareholder category

Bajaj Housing Finance (BHF), which is open from September 9 to September 11, has reserved equity shares aggregating up to ₹500 crore under the shareholders' quota. Shareholders of Bajaj Finance and Bajaj Finserv benefit as they can make two applications in the IPO. Here is how they can make the best of it. Who is eligible to apply under the shareholders' quota ?

09.09 / 02:53

markets IPO Provident Manufacturing security Equality International Ca topper in RoE, RoCE; industry cyclicality a risk

ET Intelligence Group: Jharkhand-based Kross, a manufacturer of components for commercial vehicles, plans to raise ₹500 crore through an initial public offering. The IPO comprises a fresh issue of ₹250 crore with the proceeds to be used for capacity expansion and loan repayment and an equal amount of shares offered for sale by the promoter. Following the IPO, the promoter's stake will decrease to 68% from 100%.

09.09 / 02:51

markets IPO Manufacturing Strategy WhatsApp Trade band Tolins offers quality at a discount, but raw material prices weigh

ET Intelligence Group: Tolins Tyres, a manufacturer of tread rubber and tyres, is aiming to raise ₹230 crore through an initial public offering. The IPO will consist of a fresh issue of shares worth ₹200 crore, which will be used for loan repayment and to enhance working capital, while the rest will come from an offer for sale by its promoters. The company's go-to-market strategy involves utilising dealers and distributors (B2C), focusing on fleet operators by offering quality comparable with leading tyre brands at a significant discount. In contrast, its competitors have concentrated on state transportation businesses (B2G), compressing net margins.

09.09 / 02:22

markets IPO FIVE Digital security 2020 reports Hexaware files DRHP for Rs 9,950-crore IPO

Hexaware Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹9,950 crore through an initial public offering (IPO). The IPO will entirely be an offer for sale from CA Magnum Holdings, an affiliate of private equity firm Carlyle Group. Hexaware is a global digital and technology services company with artificial intelligence (AI) at its core. It offers five broad services — design & build, secure & run, data & AI, optimise, and cloud services. Hexaware was delisted from the Indian bourses in 2020.

08.09 / 12:27

markets IPO Digital Strategy wellness Features Profiles Is Bajaj Housing Finance IPO a gateway to India's growing housing market?

₹66-70 apiece, and the company is looking to raise a total of ₹6,560 crore from its primary stake sale, which includes a fresh share sale of ₹3,560 crore. To understand BHFL's market positioning and assess its prospects, we present a SWOT analysis.

07.09 / 06:38

markets UPS IPO RAI band International IPO calendar next week: 13 new issues to flood primary market in one of busiest weeks seen this year

Indian IPO market is witnessing an unprecedented boom, with a strong surge in new issues this year. Next week, the momentum is set to peak with as many as 13 IPOs scheduled to hit the market, marking one of the largest clusters of offerings in a single week. Analysts said this flurry of activity reflects growing investor confidence and signals a vibrant capital-raising environment, underscoring India's robust economic fundamentals.

06.09 / 05:49

markets UPS IPO BLOCK Action Research show SME IPO frenzy: The red flags that investors shouldn't ignore

SME IPOs are selling like hotcakes with dramatic oversubscriptions even as Sebi’s warnings about malpractices in some listed companies raise red flags.

06.09 / 05:48

markets UPS IPO Diversity performer stage stars A decade of multibaggers! Bajaj Group's wealth creation legacy sets stage for Bajaj Housing Finance IPO

As the highly anticipated IPO of Bajaj Housing Finance looms, ETMarkets analysed the stock and earnings performance of the Bajaj group’s companies, which revealed a strong performance across sectors.

06.09 / 05:21

IPO Platform Trade social consequences travelers rights Ridiculed for dilapidated office, Boss Packaging lists at 25% premium

Boss Packaging Solutions, which was ridiculed on social media for having a dilapidated-looking office, debuted on the NSE SME platform on Friday at a premium of 25%. The stock debuted at Rs 82.5 as against an issue price of Rs 66. Ahead of the listing, the company's shares traded with a GMP of 8% to the issue price.

06.09 / 04:54

markets Citi IPO Provident Opinion Trade recommendations Rekha Jhunjhunwala-backed Baazar Style Retail shares list flat on bourses

Baazar Style Retail debuted on the exchanges on Friday on a flat note at Rs 389 on BSE and NSE. Ahead of the listing, the company's shares were trading with a GMP of 12% to the issue price.

06.09 / 03:58

markets Citi IPO Provident wellness Trade band Vision Infra Equipment IPO: Check issue size, price band, GMP among other details

Here are 10 key things investors need to know about the public offer before subscribing to the issue.

06.09 / 02:54

markets IPO Target FIVE JPMorgan Mobile track Ather Energy plans to file for Rs 4,000-crore IPO at $2 bn valuation

Ather Energy has set an ambitious valuation target of $2-2.25 billion (about ₹16,800-19,000 crore), as the electric scooter maker prepares to file its draft prospectus next week for an initial public offering (IPO), said people familiar with the matter. The Bengaluru-headquartered startup is looking to raise ₹3,500-4,000 crore through the IPO which will comprise a fresh issue and an offer for sale by existing shareholders. Funds raised through the fresh issue would be used partly for capacity expansion, the people said.

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