IPO Financial News

Akme Fintrade IPO: The listing date for the initial public offering of Akme Fintrade (India) Limited has been fixed on 26th June 2024, i.e. today. According to the BSE notice, effective from Wednesday, June 26, 2024, the equity shares of Akme Fintrade (India) shall be listed and admitted to dealings on the Indian exchanges in the 'T' group of securities list.

DALIAN, China — For China's yuan to be used more globally, the currency needs more «applications» such as for stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

₹51.29 crore from its anchor round ahead of its initial public offering (IPO) on Wednesday, June 26.According to an exchange filing, the metal manufacturer allocated 24,78,259 equity shares to anchor investors at ₹207 per share.Volrado Venture Partners, Ashika Global Securities, Capri Global Housing Finance, Rajasthan Global Securities, Leading Light Fund, and Astorne Capital were the anchor investors who participated in the round.According to the filing, no mutual fund has applied through any scheme for any of the 24,78,259 equity shares allotted to the anchor investors.Volrado Venture Partners and Ashika Global Securities got the most equity share allocation at 48.74 per cent and 12.28 per cent, respectively.The metal manufacturer's IPO will open for retail subscription on Wednesday, June 26, and close on Friday, June 28. The price band for the IPO has been set at ₹195 to ₹207 per equity share, with a face value of ₹10 per share.The Vraj Iron and Steel IPO is valued at ₹171 crore.

Vraj Iron IPO date: Vraj Iron and Steel IPO opens for subscription on Wednesday, June 26, and closes on Friday, June 28.Vraj Iron IPO price band: Vraj Iron and Steel IPO price band has been fixed in the range of ₹195 to ₹207 per equity share of face value of ₹10.Vraj Iron IPO lot size: Vraj Iron and Steel IPO lot size is 72 equity shares and in multiples of 72 equity shares thereafter.Anchor investors: The allocation to anchor investors for Vraj Iron and Steel IPO is scheduled to take place today (Tuesday, June 25).Vraj Iron IPO details: Vraj Iron and Steel IPO, worth ₹171 crore is completely a fresh issue of 8,260,870 equity share; there is no offer for sale (OFS) component, according to Red Herring Prospectus (RHP).Vraj Iron IPO objective: The company plans to use the proceeds from the IPO for general corporate operations and an expansion project at the Bilaspur site.Vraj Iron IPO listing date and allotment details: It is tentative that on Monday, July 1, the Vraj Iron and Steel IPO basis for share allocation will be finalized. On Tuesday, July 2, the business will begin refunds, and the shares will be deposited to the allottees' demat accounts the same day after the refund.

₹23.11 crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.The company partners with major banks and non-banking financial companies (NBFCs) in India and specializes in distributing and selling financial products, such as credit cards and loans.Also Read: How Hyundai India IPO may affect Maruti Suzuki, Tata Motors and M&M shares?Let us check Akiko Global Services IPO GMP, subscription status, and other key details.Akiko Global Services IPO has been subscribed 0.50 times so far on Tuesday, the first day of the bidding process. The public issue received bids for 10.44 lakh equity shares as against 20.81 lakh shares on the offer, as per the data available till 2:05 pm.The IPO has been subscribed 0.96 times in the retail category, and 0.20 times in the Non-Institutional Investors (NII) category so far.Akiko Global Services IPO GMP today, or grey market premium today, is ₹18 per share, according to stock market observers.

demat accounts will occur today, Tuesday, June 25. Today will also see the completion of the share refund procedure for those who have not yet received them.According to BSE data, the Akme Fintrade IPO subscription status on the third day of bidding was 55.12 times.

Winny Immigration and Education Services IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 20 to June 24, attention now turns to the allotment procedure for Winny Immigration and Education Services.The allotment for the Winny Immigration and Education Services IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

IPO) of Luxury furniture maker Stanley Lifestyles was booked 9.64 times so far on the third day of the bidding process. The issue closes today. The category reserved for NIIs was subscribed by a little over 22 times while the retail investors subscribed the issue by over 8 times. Meanwhile, the QIB portion of the issue was booked at just 1.6 times.

initial public offer (IPO) of Allied Blenders & Distillers (ABDL), which opened for subscription today, has been booked 10% so far on the first day of the bidding process. Retail investors are driving the demand with a subscription of 15%, followed by non-institutional investors, whose category was booked by 11%. The part reserved for employees was booked 60% while Qualified Institutional Buyers (QIBs) have not yet subscribed to the issue.

Also Read: Stanley Lifestyles IPO closes today: latest GMP, review, subscription status, key dates. Should you subscribe?The company will credit the shares into the Demat accounts of eligible investors on June 26 and will initiate refunds to unsuccessful bidders on the same day.Dindigul Farm IPO allotment status can be checked online through the BSE website or the official portal of IPO registrar.

Hyundai India IPO: The Indian primary market is on the cusp of a historic event as it will witness the biggest-ever initial public offering (IPO) in the country. According to stock market experts, Hyundai India is offloading around 13 per cent of its stake in the upcoming IPO.

IPO market is thriving with as many as three new issues opening for subscription today. Divine Power Energy, Akiko Global Services, and Petro Carbon and Chemicals are the companies launching their initial shares to investors. Here are all the details about these 3 IPOs:

Also Read: Dee Development Engineers IPO gets fully subscribed on day one. GMP, review, subscription status, apply or not?Investors can find out if and how many shares they have been assigned by utilising the basis of allocation.

Stock market today: After a weak opening, the Indian stock market remained volatile but ended marginally higher on Monday. The Nifty 50 index added 36 points and closed at 23,537, whereas the BSE Sensex finished 131 points higher at 77,341. The Bank Nifty index went up 42 points and ended at 51,703.

Flipkart explored a potential stake purchase in Swiggy about eight to ten months ago as two of India’s largest consumer internet firms sought to ally amid disruption set off by the rise of quick commerce, investors aware of the matter said. Once the talks fizzled out due to a valuation mismatch, Swiggy filed a confidential draft application in April to list on the public markets, they added. Also present at the negotiations was Prosus—the largest investor in Swiggy with a 33% stake—which was keen to divest some of its holding, the sources said.

initial public offer (IPO) of luxury furniture maker Stanley Lifestyles was booked 3.2 times so far on the second day of the bidding process. The issue closes tomorrow. The categories reserved for NII and retail investors were subscribed over 4 times, respectively. The QIB portion of the issue was booked at just 30%.

demat accounts.The initiation of the refund process will commence on Tuesday, June 25 for individuals not given shares. Those allotted will receive their shares in their demat accounts on the same day itself.Falcon Technoprojects IPO listing date is scheduled for Wednesday, June 26.If you have applied for the Falcon Technoprojects IPO, you can do a Falcon Technoprojects IPO allotment status check online on the website of the IPO registrar, Kfin Technologies Ltd today.Here's Falcon Technoprojects IPO allotment link - https://ris.kfintech.com/ipostatus/Five links will appear when you click the previously stated link, allowing you to view the status.Open one of the five provided URLs, then select Falcon Technoprojects IPO from the drop-down box in the "Select IPO" section.Choose the PAN, the Demat Account, or the Application No.

Also Read: Multibagger Garden Reach Shipbuilders share price rises 9% on $54 million order inflow for commercial vesselsThe estimates encompass IPOs listed up to June 19, according to a report by Nuvama Alternative & Quantitative Research. It is to be noted the lock-in period is different for different classes of investors.Jupiter Life Line Hospitals' one-year share lock-in period ends on September 13, and 11 million equity shares of the company, or 16% of the total outstanding shares, will be released.

SME IPO of Visaman Global Sales has opened for subscription today and will close on June 26. The company aims to raise about Rs 16.05 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. 1) About Visaman Global Sales

₹75, which is 7.14% higher than the issue price of ₹70. Following a tepid listing, stock gained over 12% trading at ₹78.75 apiece at 10:10 IST. The price band for the United Cotfab IPO was set at ₹70 for each equity share, which has a face value of ₹10.

Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles Limited commenced on 21st June 2024, and will continue until 25th June 2024. The IPO was met with a strong response from primary market investors, with the public offer being fully subscribed on the first day of bidding.