IPO Financial News

Unacademy has changed the goals for its two cofounders, Gaurav Munjal and Hemesh Singh, to access additional voting rights through bonus shares issued to them in 2022. According to Unacademy’s filings with the Registrar of Companies (RoC), Munjal and Singh will get access to additional voting rights if the company forms a committee by March 2025 to work on its initial public offering.

₹545. The brokerage firm estimates that the stock might rise by 26% going forward. Given that Juniper Hotels is building big box hotels in strategic demand-generating areas, the brokerage said in its research that it is optimistic about the company's growth narrative.

₹50 per share, as per stock market observers. This indicates that Aimtron Electronics shares trading at ₹211 apiece in the grey market, higher by ₹50, or at a premium of 31.06% to the issue price of ₹161.Also Read: Awfis Space Solutions share price makes a positive debut, stock opens with 13.5% premium at ₹435 apiece on NSEAimtron Electronics IPO has been subscribed 0.90 times so far on May 30, the first day of the bidding process.

₹4,000 crore IPO has been approved by Hero FinCorp, the financial services division of India's largest two-wheeler manufacturer, Hero MotoCorp, according to a May 29 company release.The IPO will consist of both a fresh issue of shares and an offer for sale made by existing shareholders.According to the company's filing, the Board of Directors of Hero FinCorp Limited, a subsidiary of Hero MotoCorp Limited, gave their consent to pursue an initial public offering route during a meeting on May 29, 2024."This is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2024, has considered and approved the Initial Public Offering (IPO) of the equity shares of face value of ₹10 each comprising of a fresh issue of equity shares aggregating up to ₹40,000 million and an Offer for Sale of Equity Shares by certain existing and eligible shareholders of the Company," said Hero FinCorp in a filing.Also Read: Kronox Lab Sciences IPO to open on June 3; check GMP, price band, issue size, key dates, more.Hero FinCorp is a financial services organisation that provides a variety of services. Some of these services include loans for education, loans to small and medium-sized businesses, and financing for two-wheelers.

Tata Steel slumped nearly 5% in today's trade to reach ₹165.50 apiece, a day after the company reported Q4 and FY24 numbers. On Wednesday, post market hours, the company reported a 64.59% decline for its Q4 FY24 consolidated net profit to ₹554.56 crore, led by lower steel realisations across geographies.Total revenue from operations fell to 58,687 crore from ₹63,131.08 crore in the same quarter of last year, owing to a nearly 4% drop in its mainstay India business, which contributed at least 62% of the overall revenue.

The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit.

SME IPO of Associated Coaters opened for subscription earlier today and will close on June 3. The company aims to raise about Rs 5.11 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Associated Coaters

Aimtron Electronics opened for subscription on Thursday and will close on June 3. The company aims to raise about Rs 87 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.

shares of Awfis Space Solutions listed on the exchanges on Thursday with a premium of 13.6%. The stock debuted at Rs 435 on NSE as against an issue price of Rs 383 per share. Ahead of the listing, the company's shares traded with a GMP of Rs 125 in the unlisted market.

TPG Asia is selling its entire stake in wire and cable manufacturer RR Kabel through a block deal on Thursday to raise Rs 957 crore ($114.9 million), according to a term sheet reviewed by ET. TPG Asia holds a 5% stake in the company as of the end of March 2024, according to BSE filings. The PE firm acquired a 21% stake in RR Kabel five years before the IPO that was launched in the second half of 2023, and since then, it has been consistently pruning its stake.

“We have the ability to identify themes early for our investors. Typically, in smaller companies, there is an element of discovery wherein there is scepticism,” says Himanshu Kohli, Co-founder, Client Associates. In an interview with ETMarkets, Kohli who manages more than Rs 300 cr said: “Many of our investee companies, though small in size, are already market leaders or challengers in niche industries with substantial growth potential,” Edited excerpts: How much AUM have you raised? Himanshu Kohli: About Rs 300 crore (we aim to place an additional Rs 200 crore by exercising our green shoe option).

Apple said it’s looking for someone to lead the development of “fun new features" and “help build an application used by millions to watch and discover TV and sports." A spokesman for Apple declined to comment.Also Read | JPMorgan Chase's Jamie Dimon shares his morning routine: ‘I get up at 4.30, flip through five papers…’The move suggests that the company is looking to gain market share in video streaming — and is setting aside its rivalry with Android in order to chase additional users. It’s rare for Apple to develop software for Google’s Android, which competes with its iOS platform.The TV service, launched in 2019, is Apple’s answer to Netflix or Disney , and the company has spent heavily on feeding it with original content.

Bloomberg reported.Also Read |Awfis Space Solutions IPO listing date today. GMP, experts signal strong debut of sharesIn a letter titled “What Glass Lewis Got Wrong About Tesla", the electric vehicle maker accused the adviser of omitting key considerations, using faulty logic, and relying on speculation and hypotheticals.

initial public offering, launched Tuesday, would be the largest by a US company this year if it prices at the top of its range to raise $1.04 billion.When it comes to all IPOs on US exchanges this year, it wouldn’t even make the top three.Also Read | JPMorgan Chase's Jamie Dimon shares his morning routine: ‘I get up at 4.30, flip through five papers…’The largest such offerings to date are by companies domiciled outside the US: Viking Holdings Ltd. in Bermuda, Amer Sports Inc.

Awfis Space Solutions IPO: The listing date of the initial public offering (IPO) of Awfis Space Solutions Ltd has been fixed on May 30 2024, i.e. today.

Allied Blenders and Distillers, India's third-largest Indian Made Foreign Liquor (IMFL) producer, plans to enter the capital market in the second half of June to raise about ₹1,500 crore, bankers told ET. The Mumbai-based company, known for Officer's Choice and Sterling Reserve whisky, refiled its draft red herring prospectus (DRHP) in January and received regulatory approval on May 10. The IPO comprises a ₹1,000-crore fresh issue and a ₹500 crore offer for sale. The company had initially filed its DRHP with the market regulator in June 2022 to raise ₹2,000 crore.

GSM Foils IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 24 to May 28, attention now turns to the allotment procedure for the GSM Foils IPO.The allotment for the GSM Foils IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

TPG Asia is reportedly selling its entire stake in wire and cable manufacturer RR Kabel through block deals. According to media reports, TPG Asia will offload about 5% stake or just over 56 lakh shares at around Rs 1,718 apiece. This values the deal at around Rs 1,000 crore.

Hindalco Industries Ltd stock was the top gainer among the Nifty 50 companies on Wednesday, hitting a new 52-week high of ₹713.50 before closing about 4% up on the day. Details of the proposed initial public offering (IPO) of its subsidiary Novelis in the US, which assigns it a market capitalisation of $12.6 billion ( ₹1.04 trillion) at the upper end of the $18-21 per share band, have brought cheer. This is almost two-thirds of Hindalco’s market cap of about ₹1.52 trillion before the announcement.

₹37.30 crore Ztech India IPO is a book-built offering where Ztech India is issuing 33.91 lakh new shares . The pricing range for Ztech India's IPO also known as the price band stands at ₹104 to ₹110 per share.Also Read- TBI Corn IPO price band set at ₹90-94 per share; issue to open on May 31An application must be made for a minimum of 1200 shares, which is the lot size of the IPO for retail investors.

Also Read: Lok Sabha Elections 2024: Defence, power, industrials among sectors to bet on ahead of election resultMindspace REIT registered its best-ever quarterly gross leasing since IPO in Q4FY24, while Embassy REIT and Brookfield REIT had achieved this milestone in Q3FY24.“Over the past couple of years, higher exits, predominantly from IT/ITeS companies had dragged net leasing into negative territory. While exits continued in Q4FY24, the pace seems to be moderating.