IPO Financial News

Novelis IPO: The initial public offer (IPO) of Novelis, with a fixed price band for its public issue, presents a promising opportunity. The US subsidiary of Hindalco Industries Ltd has set the Novelis IPO price band at $18 to $21 per share.

GSM Foils is likely to finalise the share allotment process today. Investors can check the status of GSM Foils IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case. Follow the step-by-step process mentioned below to check the status of allotment.

One97 Communications on Wednesday responded to a media report claiming that Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm's parent company One97 Communications. «We hereby clarify that the abovementioned news item is speculative and the company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» communicated the company in an official statement. Read More: Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co

Aditya Birla Fashion and Retail: ABFRL reported a net loss of ₹266.4 crore for Q4, an increase from the previous year’s loss of ₹194.5 crore. The company’s revenue rose by 18.3% to ₹3,406.7 crore. EBITDA also increased by 47.1% to ₹283.7 crore, and EBITDA margin improved to 8.3% from 6.7%.

Top events of the day: Today's highlights include Prime Minister Narendra Modi's Odisha rallies, the NSE's ban on trading five stocks like Biocon and Vodafone Idea in the F&O segment, and Ztech India's IPO launch priced at ₹104 - ₹110 per share. Major companies, including Adani Transmission, IRCTC, and Tata Steel, are reporting Q4 earnings. Additionally, the NTA rescheduled CUET UG 2024 exams for Kanpur, Delhi, and Silchar centers due to paper distribution issues, with admit cards now accessible online.Prime Minister Narendra Modi is scheduled to visit Odisha today.

and markets calibrate their share values, employee stock options or ESOPs are increasingly being seen as a lucrative perk for those being hired in top positions. The period January-May 2024 has seen 340.5 million shares being allotted through ESOPs by 461 listed companies, according to an analysis by Mint of data from Capitaline database. The same period last year had seen 253.9 million ESOP allocations by 382 companies.

Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023, when the company that sells online as well as through offline stores raised $65 million from a group of investors, including Zomato founder Deepinder Goyal and Zerodha’s Nikhil Kamath.

Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.

Dominari Financial CEO Kyle Wool discusses Federal Reserve policy, stock performance and top IPOs on 'The Claman Countdown.'

₹1,542 and reach a day's low of ₹1,431.25.BDL stock closed at ₹1,454 on May 28, against previous close at ₹1,544 per share on May 27. Over the past 10 days, the stock has soared by nearly 70 per cent, and in the last six months, it has risen by 150 per cent.Bharat Dynamics recently announced a stock split, dividing one equity share with a face value of ₹10 into two equity shares with a face value of ₹5 each.

Hindalco Industries.The aluminum producer filed its draft papers with the US Securities and Exchange Commission (SEC) where it said that its parent company is targeting to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each. Hence, the IPO price band is estimated to be between $18 and $21, Novelis said in its filing with the US SEC.Billionaire Kumar Mangalam Birla-ownedHindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.

₹57 and ₹60 per share. Each lot in the Beacon IPO is worth 2,000 shares.50% of the net offer is allocated to qualified institutional buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors as equity shares in the initial public offering (IPO).

Mukesh Ambani's Reliance Industries, debates and discussions are ongoing about which business will go public first, according to a report by the Hindu Businessline. And it added, citing sources, that it is highly likely that Reliance Jio Infocomm will be the first to debut on the public markets ahead of other businesses.While discussions are still in the initial stages, top officials, sources told the paper, favoured the telco making its public markets debut first, adding that they view it as a more "mature" business.Livemint could not independently verify the report.Also Read | Sensex Today Live Updates: Sensex, Nifty trade muted, amid 2-year high VIX at 24; PSB, Realty drag; Pharma, Health upThey added that Reliance Industries (RIL) is considering a potential valuation of around $100 billion, with a share price of approximately ₹1,200 per share.

DOMS Industries share price gained 10% during the intraday trades on Tuesday to all time high of ₹2035 on the NSE . With todays gains the DOMS Industries share price is up more than 150% over IPO price of ₹790. With this DOMS Industries share price has given Multibagger returns to the investors.

Mint that nobody has shown any interest in buying the stake, neither Tata Group nor Reliance Industries Ltd, with which Disney is merging its local unit Disney Star. “The fact is that Disney doesn’t want anything to do with the distribution business. That’s not their core, and they have been seeking an exit since they acquired the stake following the purchase of the Fox assets," said one of the persons on condition of anonymity.

Awfis Space Solutions closed on Monday after witnessing robust investor interest, with the number of bids received being more than 108 times the shares offered. According to data from the BSE, bids were received for over 93.3 million shares as against the 8.62 million shares on offer. The retail investors category was booked 53.32 times, while for non-institutional investors it was 129.28 times. The qualified institutional buyers (QIBs) category received bids for 54 million shares, which is over 116 times the shares on offer.

GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.

₹139 and ₹147 per equity share with a face value of ₹10 each. The lot size for the Vilas Transcore IPO is 1,000 shares. A minimum of 1,000 equity shares must be applied for, with further shares applied for in multiples of 1,000.

₹153-161 a share. The Aimtron Electronics IPO will become available for subscription to investors om Thursday , 30 May, 2024 and will close on Monday 3 June 2024.Aimtron Electronics Initial public offering (IPO) is a fresh issue of 54.05 lakh shares and Aimtron Electronics plans to raise ₹87.02 crore through the issue.

₹366. The BLS E-Services share price made an impressive start on February 6, 2024 where it opened at ₹305 on the NSE, 125.93% more than the ₹135 issue price.

Also Read: Awfis Space Solutions IPO day 3: GMP, subscription status to review. Apply or not?Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, said that the Awfis Space Solutions IPO has received an overwhelmingly positive response, despite knowing that the company may continue to have negative cash flows in the future and a complicated business model.