IPO Financial News

Mint. Significantly, private credit is growing despite high global interest rates because it offers flexible terms for pricing, duration, and structure. This flexibility helps companies manage their costs and cash flow more effectively in a challenging interest rate environment.

SoftBank, which had booked profits in recent IPOs of Ola Electric, Firstcry and Unicommerce, is expected to stay put, the person said on the condition of anonymity. The IPO, one of the most anticipated this year, is expected to open in November. Norwest and Prosus are among the early investors in Swiggy.

The strongest demand was driven by retail investors, who subscribed 4.5 times followed by qualified institutional buyers (QIBs), with 3.5 times subscriptions. Meanwhile, the non-institutional investors (NIIS) had bid for 46.13 lakh shares out of 30.66 lakh reserved for them, booking the issue 1.5 times.

The demotion follows disappointing results from the fashion brand, which posted a significant downturn in its performance, as retail revenues plummeted by 22% year-on-year to £458m in the first quarter of 2024, with management signalling the slowdown will continue. In turn, business insurance provider Hiscox will be promoted to the FTSE 100, replacing Burberry. Raspberry Pi, one of the most high-profile IPOs for the London market this year, will join Burberry in the FTSE 250, while Diversified Energy Company will be delegated from the index and join the FTSE small cap. Nick Train s...

Suzlon Energy on Thursday jumped 2.7% to its day’s high of Rs 76.09 on BSE after the company announced that it had signed an agreement with OE Business Park (OEBPPL) for sale of its corporate office, One Earth Property. On the completion of the aforementioned sale, the One Earth Property would be leased back to the company for a period of 5 years with sub-leasing and licensing rights.

Brace Port Logistics is likely to finalize the share allotment today. Investors can check the status of the Boss Packaging Solutions IPO allotment by logging into the official website of the registrar, Kfin Technologies. Follow the step-by-step process mentioned below to check the status of allotment.

The issue will open for subscription on September 10 and close on September 12. The anchor bidding will start on September 9.

Shares of ECOS (India) Mobility and Hospitality surged 16.5% to Rs 456 on the BSE following a decent debut on Wednesday. The stock was listed at Rs 391.2 on the BSE, posting a 17.1% premium over the IPO price of Rs 334. However, the listing was slightly below expectations, as the shares were trading at a grey market premium (GMP) of 48% above the issue price before the debut.

This translates to a premium of nearly 80% over the issue price, indicating strong demand for the IPO.

Ventive Hospitality, a joint venture between the world's largest private equity firm Blackstone Group and Pune-based Panchshil Realty, is looking at filing a draft prospectus for an initial public offering in the next couple of weeks, according to sources close to the development. The JV, which could be the largest international multi-brand hotel owner in India by Ebitda, plans to raise around ₹2,500 crore through a fresh issue of shares.

Recently, a two-wheeler dealership with a few dozen employees was in the news for an initial public offer (IPO) that attracted 400 times the money it sought to raise. This subscription rush highlighted the casino-like appeal of IPOs that seems to have taken retail investors in its thrall. Now, a study by the Securities and Exchange Board of India (Sebi) suggests that Indian investors have a large number of gamblers in their midst.

HDB Financial Services, the non-banking finance arm of HDFC Bank, is in talks with Bank of America Securities, Morgan Stanley and Nomura to shortlist advisors to a proposed initial public offering (IPO), said people aware of the development. More banks may come on board. The talks are preliminary, and a final decision is expected in the next few weeks, said the people. HDFC Bank could dilute nearly 10% to raise around ₹10,000 crore ($1.2 billion).

«Till now as well the larger focus is on the insurance space and whenever the opportunity is available in the insurance companies, definitely the buying is emerging into them,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. What is it that you are feeling about the market? Is it showing any signs of a fatigue? I mean, when you look at some of the individual high HNI concentrated names and the kind of fall that they have had from their previous peak, some of them are down even 30 odd percent or so. What is the feeling that you are getting about the market right now? Deven Choksey: Overall, I think the market direction is very-very clear. Anything which is available at a comfortable discounted valuation, as I call it as, the market is not waiting for latching onto that kind of an opportunity. So, obviously, the important aspect here would be to buy on dips, that is very-very clear and obvious. Now, where the actions are being centred at this point of time, our understanding is that the majority of the interest continues to remain in the BFSI space.

Bajaj Housing Finance will open for subscription on September 9 and close September 11. The price band will be between ₹66 and ₹70. The offer comprises a fresh issue of ₹3,560 crore and an offer for sale of ₹3,000 crore by promoter Bajaj Finance. Bids can be made for a minimum of 214 shares and multiples thereafter. Bajaj Housing Finance is a 100% subsidiary of Bajaj Finance and offers finance for the purchase and renovation of homes or commercial spaces to individuals and corporate entities, provides loans against property and working capital for business expansion. It also provides loans and lease rental discounting to developers. It plans to use the proceeds from the fresh issue to augment its capital base.

NBFC). Some HDFC Bank board members were keen on the deal, but after much debate, the board took a collective call to not risk missing the listing deadline, the people cited above said on condition of anonymity. HDBFS is mandated to go public by September 2025, as per guidelines of banking regulator Reserve Bank of India (RBI).

Mahindra & Mahindra-backed motorcycle maker Classic Legends is planning an initial public offering (IPO) in the financial year starting April 1, 2026, cofounder Anupam Thareja said. The company manufactures and markets the Jawa, Yezdi and BSA motorcycle brands in India and overseas in the price range of ₹170,000 to ₹300,000. Classic Legends had acquired these iconic brands and successfully revived them. «This is the company that should have an IPO. It will be the most valuable one in its segment. Next year will be our first full year with all the new launches. Coupled with that the global expansion underway will also help. The year after next will also be crucial. In two years, we will have the company ready,» Thareja told ET on the sidelines of the launch of the 350 Jawa 42 FJ model with prices starting at ₹199,000. The company's motorcycles are positioned in the fast-growing middleweight (250cc to 350cc) segment where Royal Enfield is the market leader. Classic Legends retailed 2,131 units in July compared to Royal Enfield's 57,325 units, according to the Federation of Automobile Dealers Associations (Fada).

Oasis has driven up ticket prices, the British government has promised to look into the pricing system. But dynamic pricing — which alters prices based on demand — increases efficiency of markets and has come to be used in all manner of things, from airline fares to concert tickets. Oasis isn't the best judge of how much a ticket to their concert ought to cost.

SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the offer and plans to list on the Indian bourses in the second half of 2025, its Chief Financial Officer Bhavesh Keswani said. The initial public offering is expected to total between $750 million and $1 billion, with about $200 million in new shares and the rest shares offered by existing shareholders to new investors, Keswani said.

British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.

Sunil Subramaniam, Market Expert, says that speculation is part of a healthy capital market. It is only when you have these speculative entities like these people come in, that there is liquidity in the market. But if you regulate them and take them out, overall as a market, the liquidity is going to shrink. Should the regulator step in on the valuations? Subramaniam thinks that is right because there is no golden rule on what should be the right valuation. The market is the best determinant. So, unless there is clear evidence of fraud, some price fixing, rigging, or some false news put across which makes the share price go up, Sebi shouldn’t put in any regulation. The SME market is almost like a casino now. It does not feel like a stock market. Sunil Subramaniam: I fully agree with you. The reason for this is also related to the rampant futures and options situation. Demat accounts are going up. Post-COVID, youth with a lot of time on their hands, armed with internet and technology hands, are treating the stock market like a gambling den. There are no two ways about it. We do not have other options for gambling. We can see similar kinds of success when it comes to Dream11 and those kinds of sports-related apps. Despite all Sebi restrictions, financial influencers (fin fluencers) play a big part. It is like a get-rich-quick scheme. Booking gains from these IPOs show their intent. They are not investors. They are speculators.

«We are moving some part of the money from smallcap, midcaps into the largecaps, turning a bit more defensive from a near-term perspective. I personally believe that the economic growth driven by investment cycle is very much on a strong footing,» says Mahesh Nandurkar, Jefferies. What is your view on the market and what exactly are you communicating to your clients after the Union Budget and ahead of US elections? Mahesh Nandurkar: So, what we have been communicating to investors and what has been our strategy is that over the last couple of months we have toned down the risk or the beta factor in our portfolios.