IPO Financial News

BENGALURU:Swiggy’s fair valuation has been marked up to $15.1 billion by top investor Baron Capital as of 31 March, underscoring the food and grocery delivery platform’s growth potential ahead of its public-market listing.This marks a 24% jump in valuation from Baron’s previous disclosure, as per filings with the US Securities and Exchange Commission. The New York-based asset management firm, which was one of Swiggy’s earliest investors, had valued the share of its holdings in the Indian company at $12.2 billion last year.In April, another top US-based investor, Invesco, lifted its valuation of Swiggy by nearly 20% to $12.7 billion.

India, June 3, 2024: 3C IT Solutions & Telecoms (India) Limited, a leading IT System Integration Company, is thrilled to announce the launch of its Initial Public Offering (IPO) on Tuesday, June 4, 2024. The IPO will be listed on the BSE SME platform, with Kreo Capital Private Limited serving as the lead manager and Skyline Financial Services Private Limited as the registrar.

Saudi Aramco’s generous dividends can only go so far in making up for an overpriced initial public offering. The Saudi Arabian national oil company will sell shares worth up to $12 billion in an offering this week. The Saudi government, which will still own more than 80% of Aramco at the end of the sale, will use the proceeds to fund the country’s cash-hungry Vision 2030 initiatives.

₹130.15 crore.Vadodara-based Kronox is a manufacturer of speciality fine chemicals. Many sectors, including biotech, pharmaceutical formulations, active pharmaceutical components, metallurgy, agrochemicals, animal health, and scientific research and testing, employ its products for a variety of purposes.Also Read: Kronox Lab Sciences IPO: GMP, review, subscription status, other details.

₹121 apiece. The IPO lot size for Sattrix Information is 1,000 shares.By buying 1,000 shares at ₹121 apiece, retail investors can invest a minimum of ₹1,21,000 and a maximum of ₹1,21,000.

₹421.10 apiece on BSE, and the stock touched an intraday high at ₹436.70 and an intraday low of ₹410.45.According to the most latest report from domestic brokerage Nuvama Professional Clients Group, there might be over 17% increase in value of the stock. Due to modest order inflows in Q4FY24 that resulted in a little fall in the order book below ₹20k crore, the brokerage has maintained 'BUY' with a lowered target price of ₹460 (13x FY26E EPS) from ₹475.Also Read: Stocks to buy: NHPC, SJVN among 8 stocks that may rise 6-16% in the next 3-4 weeks, say analysts; do you own any?The company's consolidated revenue for ITD Cementation increased by 38% YoY and 12% QoQ to ₹2,258 crore, according to the report.

Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyEtihad has managed to turn itself around after an ill-fated expansion spree a decade ago saddled it with huge losses and stakes in unprofitable regional carriers. Now, Neves said he’s been told by the owners to run the company as if it were listed, improving its financial performance and corporate governance.

₹11.44 crore from the primary markets. 3C IT Solutions IPO is an SME IPO which will close on June 7.The company offers various IT products and services under 3 segments i.e.

Investors in Tata Technologies were overjoyed when the stock got listed in November 2023. At Rs.1,314, the closing price on listing day was more than 160% above the issue price of Rs.500. Not all investors made a killing though. A few weeks before the IPO opened on 22 November, Tata Technologies shares were trading at around Rs.860 apiece in the unlisted market. The investors who bought these shares at that price saw their investment go up by only 53%. Even 53% was not theirs for the picking, thanks to a rule that disallows pre-IPO investors from selling their holdings till six months after a stock is listed. The lockin period for Tata Technologies ended last week on 30 May, but the share price is now Rs.1,030, which means the gains are now pared further to less than 20%. Unlisted stocks are more volatile, less rewarding

Also Read: The Ultimate Guide to Opening a Demat Account in 2024A demat account just converts your shares from a physical form to an electronic format. To put it simply, a demat account is like your bank locker. You can hold your shares, bonds, debentures, mutual funds, exchange traded funds and other securities in your demat account.But just like your bank locker cannot work independently from your bank account, demat accounts can operate only in tandem with trading accounts.

₹130.15 crores, consisting entirely of an offer for sale of 0.96 crore shares.The IPO price band has been set at ₹129 to ₹136 per share. Pantomath Capital Advisors Pvt Ltd serves as the book-running lead manager for the Kronox Lab Sciences IPO, with Kfin Technologies Limited acting as the registrar for the offering.Magenta Lifecare IPO opens for subscription on June 5, 2024 and closes on June 7, 2024.

Also Read: Bulls to reign on D-Street after exit polls predict 350+ for BJP; Experts peg Nifty upside at 23,400+ for June 3Domestic equity benchmarks Sensex and Nifty 50 experienced pressure and lost nearly two per cent amid mixed signals. The tone was negative from the start as participants were in profit-taking mode after two weeks of gains.

Also Read: India set to record bumper IPO deals as 2024 Lok Sabha election uncertainty endsThree IPOs are slated to open for subscription in the first week of June, The issue of Kronox Lab Sciences' offer of ₹130 crore will open in the mainboard segment, while Sattrix Information Security and Magenta Lifecare IPO will open in the SME section next week.Along with the three new IPOs, six SME IPO companies will list at the bourses the following week."Amidst general elections, the primary market continues to remain vibrant, with amazing responses to certain IPOs such as Awfis Space Solutions. Confidence can be gauged by these offerings that have been launched amidst general elections, defying the earlier trend. As we speak, Kronox Lab Sciences' IPO will be launched from June 3rd to 5th.Looking ahead, get ready for a wave of IPOs from both new-age businesses and traditional sectors.

₹129–136 per share. The IPO lot size will be 110 equity shares.

initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy.About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg. Also Read | Lok Sabha Elections 2024: What should retail investors do after results on June 4? Experts suggest thisThe jump in activity for blocks and placements is even more outstanding.

Aadhar Housing Finance plans a lower business growth of 20% in FY25, as the newly listed mortgage lender to the low-income group does not want to lose focus on asset quality. The lender expanded its assets under management (AUM) at 23% year-on-year to Rs 21,121 crore at the end of March, having an average loan size of Rs 10 lakh. «Given the consistent demand for home loans from the economically weaker section and lower income group, coupled with the fact that there is an existing huge shortfall in dwelling units, growth in retail home loans should not be a challenge,» managing director Rishi Anand told ET in an interview.

Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.

Saudi Arabia says it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019

Also Read: IPO Boom: 57% of SME issues saw over 100% subscription in 2024, HOAC Foods leads pack; check top performersAnalysts believe that the rise in IPO activity has been driven by the strong economic development, rising Indian stocks, and consistently exceeding expectations of company earnings, which encourages more companies to go public. The IPO market has benefited greatly as a consequence, and new –age companies like Tata Capital, Hexaware, Ola Electric, and Swiggy are lining up for their 2024–2025 public market debuts.“The primary market witnessed 30 mainboard IPOs till May this year.

SME IPO of TBI Corn opened for subscription earlier today and will close on June 3. The company aims to raise about Rs 45 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About TBI Corn

Also Read: Beacon Trusteeship IPO booked over 465 times on day 3; check GMP, subscription status, key dates, moreThe initiation of the refund process will commence on Monday, June 3 for individuals not given shares. Those allotted will receive their shares in their demat accounts on the same day itself.Beacon Trusteeship IPO listing date is scheduled for Tuesday, June 4.If you have applied for the Beacon Trusteeship IPO, you can do a Beacon Trusteeship IPO allotment status check online on the website of the IPO registrar, Kfin Technologies Ltd today.Here's Beacon Trusteeship IPO allotment link - https://ris.kfintech.com/ipostatus/You will be able to view the status by clicking five links after clicking the previously stated link.Open one of the five provided URLs, then select Beacon Trusteeship IPO from the drop-down box in the "Select IPO" section.Choose the Application No., Demat Account, or PAN to view the status.- Enter the captcha code after the application number if you choose that option.