IPO Financial News

«Today also I am feeling the same thing that there is a froth in this market, there is a froth in SME, there is a froth in IPO and of course many stocks. The retailer investors, as you say are innocent people, so they should be careful,» says Vijay Kedia, MD, Kedia Securities. What is your view on the market? You have been ever bullish on the markets we know that. But what are the big themes that you are looking forward to because this is the event that we are having after the new government that has been formed, so the kind of themes that are emerging out to the market, is there anything new theme that you are looking forward to? Vijay Kedia: I do not know. I am still following the old themes of infrastructure and manufacturing.

The net proceeds from the fresh issue will be used towards funding working capital requirements, debt repayment, and other general corporate purposes.

Akme Fintrade's Rs 132 crore initial public offer (IPO) opened for subscription on Wednesday. The issue, which closes on June 21, is completely a fresh equity sale of 1.1 crore shares. The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be 15%.

MUMBAI : Sanitaryware maker Varmora Granito, backed by global private equity firm Carlyle Group, is looking to raise $100-150 million in a pre-public listing round, two people familiar with developments in the company said. The mix of primary and secondary fundraise from private equity investors is expected to see the company valued at ₹5,000 crore (nearly $600 million), the people added. “There is significant inbound interest from funds that are willing to invest in the company," said one of the persons cited above.

₹38 crore from anchor investors on Tuesday, June 18. The anchor book featured Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1, as per company's exchange filing.

Dee Development Engineers IPO: The initial public offering of Dee Development Engineers Limited opened today. The public issue will remain open for bidders until 21st June 2024, which means the Dee Development Engineers IPO subscription will remain open from Wednesday to Friday this week.

₹38 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription. According to the regulatory filing, Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1 participated the anchor book round.Also read: Akme Fintrade IPO: From latest GMP to lot size, here are key things to knowThe Udaipur-based company allotted 31.35 lakh equity shares to anchor investors at ₹120 each, totaling ₹37.62 crore.“The Board of Directors of the Company at their respective meetings held on June 18.

₹125 crore from anchor investors ahead of the launch of its initial public offering (IPO) on Wednesday, June 19.According to the exchange filing, the engineering company allocated 61,62,777 equity shares to anchor investors at the allocation price of ₹203 per share.Also read: Dee Development Engineers IPO: Price band set at ₹193-203 per share; check issue details, key dates, more"The Board of Directors of the Company at their meeting held on Tuesday, June 18, 2024, in consultation with the Book Running Lead Managers to the Offer, has finalized allocation of 61,62,777 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs. 203 per Equity Share," the company said.HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, LIC MF Large, SBI General Insurance, Morgan Stanely Asia were among the marquee companies who participated the anchor book round.Out of the allocation of 61,62,777 equity shares to the Anchor Investors, 26,61,210 Equity Shares (i.e.

MONTREAL — Nuvei Corp. shareholders have voted in favour of a plan that will see the company bought by an American private equity firm and taken private.

₹95 and ₹100 per equity share, having a face value of ₹10 each. The Shivalic Power Control IPO will open for subscription on Monday, June 24, and close on Wednesday, June 26.

IPO vs QIP shares: Amid the buzz of around ₹30,000 crore money getting raised in the Indian primary market through fresh Initial Public Offerings (IPOs) in the next two months, retail investors are eagerly waiting for the launch of fresh IPOs from the quality business houses like Bajaj Housing Finance, Haldiram, Prestige Estate, Ola Electric, Swiggy, Waree Energy, etc. However, if we go by the expert's opinion, the Indian stock market is preparing for a fresh rally after Modi 3.0 took charge in the centre.

₹11,200. According to the brokerage's analysis, Hyundai Motor India outperformed Maruti Suzuki in terms of profitability due to a stronger mix (about 63% contribution from SUVs vs.

₹135 apiece. In contrast, it listed at ₹138.10 per share on NSE, delivering a significant 48 percent listing gain to the lucky allottees.

₹88 and ₹93 per share. Le Travenues Technology raised ₹333 crore from anchor investors.

₹138.10 per share, 48.5% higher than the issue price of ₹93. On BSE, ixigo share price today opened at ₹135 apiece, up 45.16% than the issue price.Market experts anticipated ixigo share price to open in the range of ₹120 to ₹125 per share.During the three-day subscription period, investors were full of enthusiasm about Le Travenues Technology's IPO, which operates the travel booking site ixigo.

₹68,000 crore through initial public offers (IPOs), according to data from primedatabase.com. In the current fiscal year so far, seven issues have mopped up ₹19,455 crore, while another five are set to hit the markets in June. This follows a robust 2023-24 when 76 companies went public, raising ₹61,922 crore.

ixigo IPO: The listing date of the 'ixigo' brand parent company, Le Travenues Technology Limited, has been fixed on 18th June 2024, i.e. today.

Hyundai Motor India Ltd plans to launch four electric vehicle models in future, including Creta EV, in the last quarter of the current fiscal, according to the company's preliminary IPO papers filed with Sebi. The company is looking to maximise the price competitiveness of its electric vehicle (EV) models and intends to focus on securing local production capabilities for key parts, such as cells, battery packs, power electronics, and drivetrain and building a localised EV supply chain. In the draft red herring prospectus (DRHP), Hyundai Motor India Ltd (HMIL) said it seeks to calibrate its EV strategy and plan EV timelines in line with market demands in India by launching the appropriate EV models within each price segment. «We are following a transition strategy, having started with the launch of high-end premium EVs and plan to transition towards the mass markets as the EV market and ecosystem scales up in India. In line with the same, we aim to launch four EV models in future, including Creta EV in the last quarter of fiscal 2025,» the company said.

Falcon Technoprojects India IPO: The initial public offering (IPO) of Falcon Technoprojects India Limited will hit the Indian primary market on 19th June 2024, i.e. on Wednesday this week.

Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in local unit, has raised concerns about the «frequent changes» in government policy, stating that such moves can impact both investment flows into India and the speed of technological advancements. Having invested nearly Rs 30,000 crore in India since starting operations in 1996, the leading car manufacturer from Korea stressed the importance of stable policies. They believe that consistent government guidelines are crucial for confidently making the necessary technological upgrades mandated by the government, ToI reported. «Another challenge that the industry is facing is frequent changes in policies, which make it difficult for auto industry stakeholders not only to ensure adherence but also commit investments,» the company noted in its Draft Red Herring Prospectus submitted to market regulator SEBI. «Overall policy stability and transparency will be required going forward to ensure smooth technology transition and localisation in the country,» it added.

Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange, Durlax Top Surface said in the statement. The company has fixed the price band at Rs 65-68 per share for the issue of 60 lakh shares which will open for subscription from June 19 to June 21, it added.