IPO Financial News

₹790 to ₹900, SBI AMC from ₹1,650 to ₹2,300 and Nayara Energy from ₹415 to ₹700, Patwari said, highlighting data from Wealth Wisdom of India's website. “The PRIMEX 40 Private Market Index of India has gained almost 65% in a year, compared to a 26% increase in the S&P BSE Sensex and 30% in the Nifty 50 as of 29 August," he said. PRIMEX 40 is Wealth Wisdom's proprietary index, which includes companies in the private market that are leaders in their respective sectors.

Brainbees Solutions Ltd, the parent firm of baby and mother care product retailer FirstCry, on Friday reported a 17% growth in operating revenue to Rs 1,652 crore for the quarter ended June 30, 2024. For the first quarter of fiscal year 2025, the omnichannel retailer said its net loss stood at Rs 75 crore, against a loss of Rs 110 crore a year ago. The firm saw its gross merchandise value (GMV), a proxy for net sales, grow 17% from a year ago to Rs 2,318 crore in the quarter ended June 30, 2024.

According to a report by the FT, the billionaire has been meeting backers to give new life to his IPO plans, after deciding to scrap the previous plans several weeks ago. This was despite cutting the fundraising target from $25bn to $2bn in an attempt to get the IPO across the line. This time around, Ackman is believed to be discussing a unit structure similar to special purpose acquisition vehicles (SPACs). Bill Ackman eyes 'redesign' of Pershing Square US IPO transaction The structure would allow backers to gain an additional security in addition to their shares in PSUS, as th...

In an interview with ETMarkets, Somaiyaa said: “FII outflows might occur due to the negative outlook on US equities, and some market downside is expected. But with a lag, as currency dynamics shift, we should see significant FII inflows” Edited excerpts:

IPO) was subscribed 74.4 times on the final day of bidding on Thursday, attracting bids worth over ₹1.49 lakh crore. The strong demand was driven by institutional investors, who placed bids worth ₹1.2 lakh crore. The institutional demand for Premier Energies was second only to Tata Technologies. In November last year, the ₹3,042.5-crore IPO of Tata Technologies was subscribed 69.43 times, with institutional bidding amounting to ₹1.56 lakh crore.

Nifty hit a fresh record high. The pessimism in the SME market comes after Sebi issued a warning to investors against blindly investing in SME stocks, where promoters of some companies paint an unrealistic picture of their operations.

Reliance AGM 2024 Live Updates: Oil-to-telecom conglomerate Reliance Industries Ltd is set to conduct its 47th annual general meeting today. Reliance AGM 2024 date is set on August 29, 2024, and will begin at 2:00 PM today.

mutual funds invest in treasury bills, commercial papers, certificates of deposits and so on to take care of their liquidity needs. They also invest in corporate bonds, government securities, among others. According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more. They are somewhat in the middle when it comes to interest rate risk. They are riskier than liquid, ultra short term, and low duration funds. However, they have a lower risk compared to medium duration and long-term funds. Also Read |Best medium to long duration funds to invest in August 2024

Stock Exchange (BSE) surged 5% to a high of Rs 2,834.80 after the National Stock Exchange of India (NSE) on Tuesday restarted the process of its long pending public offering. NSE has applied for a no-objection with the market regulator Securities and Exchange Board of India (Sebi), a Reuters report said citing sources.

₹18.8 crore during FY23. Profit after tax was ₹41.5 lakh. For the 11 months ended 29 February 2024, revenue was ₹16.5 crore, with a PAT of ₹1.5 crore.

₹290 apiece on the BSE, a premium of 40.78% to the issue price of ₹206 per share. Orient Technologies IPO listing was in line with the Street expectations.

IPO) of Ecos Mobility and Hospitality has opened for subscription today and will be available for public to bid till August 30. The IPO is entirely an offer for sale (OFS) of 1.8 crore shares. Since the IPO is an OFS, all the proceeds will go to the selling shareholders.

Orient Technologies debuted at the bourses on Wednesday with a premium of 40.8%. The stock listed at Rs 290 on BSE as against an issue price of Rs 206. Meanwhile, the shares were listed with gains of 39.8% at Rs 288 on the NSE.

September is a popular time for companies to go public. This month’s stock-market volatility is putting some plans on ice. Companies weighing whether to make their stock-market debuts face a critical decision in the coming weeks: pull the trigger soon so they can launch their deals before year-end or hold off until 2025.

Klarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer toward its hotly anticipated stock market debut.

Issue Dates: August 28-30 Issue Price: ₹318-334 per share Issue Size: Upto Rs 601 crore <div data-placem

Premier Energies, a manufacturer of solar cells and modules, aims to raise ₹2,830 crore through an initial public offering (IPO) that is set to open on August 27. Of this, ₹1,291 crore will be generated from a fresh issue of shares, which will be used for capacity expansion. The remaining will come from an offer for sale by the promoter and private equity investors. After the proposed IPO, the promoter's stake in the Hyderabad-based company will decrease to 66% from 72%. The company's earnings are expected to benefit from the government's push to increase the share of renewable energy in the installed energy capacity, which is projected to reach 500 GW by 2030 from 172 GW now. A significant contribution is anticipated from solar power. India's installed solar capacity has grown nearly fourfold in the last six years and is expected to reach nearly 200 GW by FY28.

India's cooling appetite for hatchbacks and sedans is proving to be a double-edged sword for Hyundai Motor India Ltd, as the country's second-largest passenger vehicles maker draws closer to an initial public offering (IPO). After two years of blazing growth, passenger vehicle wholesales in July fell 2.5% from a year earlier, and manufacturers have been offering discounts since May to clear stocks. While falling demand has reduced pressure on Hyundai's stretched production capacity, it has also depressed its expected valuation to $16-20 billion from $25-30 billion earlier, two people aware of the IPO discussions said.

Ola Electric has issued a legal notice to MapmyIndia but has yet to receive any response. "Empty vessels make more noise," Aggarwal remarked, emphasizing that Ola Electric is not even involved in the mapping business.

Bhavish Aggarwal has rejected claims of copying MapmyIndia, saying the map company was attempting to ride on Ola Electric's listing coattails. The Chairman and Managing Director of Ola brand owner ANI Technologies told PTI that the company has sent legal notice to MapmyIndia but hasn't received any reply from them. «Empty vessels make more sound. These people woke up suddenly someday. Ola Electric is not even in the maps business. In the run-up to Ola electric IPO they just wanted to ride on its coattails. We have also given them legal notice, their reply has not come till date,» Aggarwal said. Ola Electric got listed on the bourses on August 9. The company raised Rs 5,500 crore from its initial public offering.