IPO Financial News

₹44.94 crore, is all set to open for subscription on Friday, May 31, 2024, and close on Tuesday, June 4, 2024. The SME IPO is entirely a fresh issue of 47.81 lakh shares.The TBI Corn IPO price band has been fixed at ₹90 to ₹94 per share with a face value of ₹10 each, and the IPO lot size is 1,200 shares.

Mohnish Pabrai, an Indian-American businessman and investor, attributes his remarkable success to replicating the strategies of legendary investor Warren Buffett. Through disciplined value investing, Pabrai has achieved impressive returns, establishing himself as a significant figure in the investment world. In a recent post on X, Andrew Wilkinson, co-founder of Tiny Capital, shared his journey into investing, highlighting «The Dhando Investor» by Mohnish Pabrai as a pivotal influence. Wilkinson said, «Ten years ago, I knew nothing about investing. Sure, I’d read a few books on Warren Buffett, but I didn’t know how to do it. Then I read 'The Dhando Investor' by (my now friend) Mohnish Pabrai, and it became my bible.» During the course of the interview, Mohnish Pabrai referenced a number of his own investing strategies, as well as what

Awfis Space Solutions is receiving a strong response from investors, with an overall subscription of 32.81 times so far on the fourth and final day of the bidding process. By 12:51 PM, the issue had attracted bids for 28,31,82,588 shares, or 32.81 times the issue size of 86,29,670 shares. The retail portion of the issue was subscribed 36.9 times, while the non-institutional category saw a subscription rate of 75.93 times. The allocation for qualified institutional bidders was booked 10.08 times.

₹104 to ₹110 per share, while the IPO lot size is 1,200 shares. The minimum investment amount required by retail investors is ₹132,000.

Top events of the day: JP Nadda in Varanasi, Rahul Gandhi in Bihar, Awfis IPO, Go First resumes flights and moreFollowing the announcement, students can verify their Manipur Board Class 10 Result 2024 on these websites:bsem.nic.in.manresults.nic.inresult.bosem.inAlso Read: Maharashtra SSC 10th Result 2024 Live Updates: MSBSHSE board to announce Class 10 results on mahresult.nic.inHead to the Manipur board's official website, result.bosem.in.Navigate to the result portal.Locate and select the link for class 10 results.Input the required details, including the roll number.Once submitted, view the displayed Manipur 10th result 2024.Save or download the mark sheets for your records.Students can access the results via For those unable to access and download the results online, they can utilize the DigiLocker App to obtain the mark sheets. Follow these steps:Open the DigiLocker app.Log in using the necessary credentials.Locate and select the Manipur 10th result section.Input the roll number and other requested information.View the displayed class 10 mark sheets.Download the BOSEM mark sheets for future reference.

Also Read: FPO lock-in expiry: Vodafone Idea share price to gain focus today as anchor investors' 30-day lock-in period endsThe Hyundai Motor India IPO is likely to be purely an OFS (offer for sale) by the parent and slated to be India’s largest IPO, as the South Korean auto major plans to raise between $2.5 billion to $3 billion via the issue, the report added.The IPO is likely to value the Indian arm at around $20 billion and the OFS figure as part of discussions currently is 15% which hasn’t been frozen yet, it said.However, the valuation and IPO size haven’t been finalized which may vary depending on the company strategy and market conditions, the sources told Moneycontrol.Also Read: Upcoming IPOs: Five SME issues and two new listings scheduled for this week; check full list hereAt present, the Life Insurance Corporation of India (LIC) IPO is the largest IPO in India which raised $2.7 billion in May 2022.In FY24, Hyundai Motor India was India’s second largest carmaker after Maruti Suzuki in terms of passenger sales volumes.

Awfis Space Solutions IPO day 3: The initial public offering (IPO) of Awfis Space Solutions Limited opened on 22nd May 2024. In the first two days of bidding, the public issue received an overwhelmingly positive response from the primary market investors, indicating a strong potential for the IPO. As per the Awfis Space Solutions IPO subscription status, the public issue has been booked 11.41 times in the first two days of bidding.

₹272 per piece.The brokerage firm has given ‘sell’ rating, indicating a downside of over 31.4 per cent with a target price of ₹210 per share. The firm further predicts a significant price correction for the newest entrant on Dalal Street, viewing the company as simply another insurance provider that is demanding exceptionally high valuations.Also read: Go Digit IPO listing date today.

₹1,85,320.49 crore in market valuation, with Reliance Industries Ltd and HDFC Bank leading the surge, reflecting a broader rally in equities.The BSE benchmark soared by 1,404.45 points, or 1.89%, and the 30-share BSE Sensex reached an all-time intraday high of 75,636.50 on Friday.Among the top-10 most-valued companies, only ITC lagged behind.Also read: Week Ahead: Q4 Results, F&O expiry, Lok Sabha elections, global cues among key market triggers this weekReliance Industries' market valuation increased by ₹61,398.65 crore, reaching ₹20,02,509.35 crore. HDFC Bank saw a rise of ₹38,966.07 crore, bringing its valuation to ₹11,53,129.36 crore.

IPO rush sets up India’s equity market for another record year“The surge in IPO activity is fuelled by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, IPO market has seen a significant boost, with large corporate houses and new –age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024.

Nifty ended with 2.2% gains in a truncated week amid significant volatility where India VIX shot up to a 52-week high gaining nearly 10% in four sessions. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. «The Nifty and sensex scaled new peaks on Friday, with the Nifty surpassing the 23,000 mark for the first time ever. Sensex and Nifty record the biggest 2-week gain in the last 5 months. Nifty Bank moves 2% higher this week,» Pravesh Gour, Senior Technical Analyst at Swastika Investmart said, adding that the chart structure of Nifty now shows a bullish trend with a buy-on-dip approach should be adopted.

recorded their biggest two-week winning streak in the last five months amid the election rally gripping the pulse on D-Street. Nifty 50 and Sensex reclaimed their record highs and gained around two per cent this week logging their best week in three months.

Also Read: Awfis Space Solutions IPO Day 2: Check latest GMP, subscription status. Should you apply?On Thursday, May 23, a large number of retail applicants applied online through Google Pay, Upstox, and Zerodha in response to the Awfis Space Solutions IPO.

₹32 per equity share with a face value of ₹10 each. The lot size for the GSM Foils IPO is 4,000 shares.

open a free Demat account. Want to know how? Read on!Opening a Demat Account - A Comprehensive GuideOpening a Demat account is done online and you have to choose a broker to open one. Here are some key steps to take in the process of opening a Demat account online today:Select a Reputed BrokerBegin the Demat account opening process by choosing a reliable and registered broker.

(HOAC Foods India) made a decent market debut today, as its shares opened at ₹147 each on NSE SME, indicating a premium of 206% over the issue price of ₹48. The SME IPO, valued at ₹5.54 crore, was open for subscription from May 16 to May 21, 2024, at a price of ₹48 per share.

₹598.93 crore from the issue. The bidding for Awfis Space Solutions IPO commenced on May 22 and will conclude on May 27.Awfis Space Solutions is the largest flexible workspace solutions company in India as of 9MFY24 providing solutions to small and medium enterprises (SMEs), based on the total number of centers.Let us check Awfis Space Solutions IPO GMP today, subscription status and review.Awfis Space Solutions IPO GMP today, or grey market premium today, is ₹100 per share, as per stock market observers.

GSM Foils IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) GSM Foils Ltd will open for subscription on Friday, May 24, 2024. The aluminum pharma foils manufacturer aims to raise ₹11 crore through the public issue which will be open for bidding till May 28,2024.GSM Foils manufactures Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality. GSM Foils IPO is a fixed price issue of ₹11.01 crore.

Mamaearth, Aqualogica, Bblunt among others, showed a profit of ₹30.4 crore in the March-ended quarter, up from a loss of nearly ₹160 crore in the same quarter last year.Revenue from operations for the quarter rose 21% to ₹450.8 crore amid slowing retail demand.In FY24, the direct-to-consumer brand made a profit of ₹111.7 crore, against a loss of ₹142.8 crore in the year-ago period. Operating revenue rose 28% to ₹1,919.9 crore for the year ended 31 March.Also Read: Mamaearth’s IPO had lessons for investorsHonasa acquired 65.49% in Fusion Cosmeceutics Pvt.

₹175 crore for the quarter ending March, which was a 27% sequential growth over the previous quarter. The revenue growth of 8.3% was less than a third of the growth in profitability, which means that the levers of profitability are being unlocked. These are important indicators not just for Zomato but for the entire venture capital (VC) funded start-up ecosystem.

₹268.61 crore through an anchor book process, where 32 investors took part in the anchor book offering, on Tuesday, May 21.Awfis Space Solutions Ltd offers a broad range of flexible workspace solutions for start-ups, small and medium-sized businesses, large organisations, and multinational corporations, from individual flexible desk needs to customised office spaces.Also Read: Awfis Space IPO oversubscribed on Day 2, with retail, NIIs support. Check GMP, subscription status, more.