IPO Financial News

23.05 / 09:27

markets IPO security Research Trade information Features The Ultimate Guide to Opening a Demat Account in 2024

Demat account first. As you may already know, a Demat account is a dematerialised account that stores your securities in an electronic format. Furthermore, opening a Demat account is very simple these days, and you can do it from the comfort of your home, or even on the go.

23.05 / 08:33

markets IPO Digital Platform security trends innovations Go Digit sees moderate listing, but analysts project optimism. What investors should do

Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%.

23.05 / 06:39

markets UPS Citi IPO Booking security International NOT Awfis Space IPO oversubscribed on Day 2, with retail, NIIs support. Check GMP, subscription status, more. Apply or not?

Also Read: Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribeThe initial public offer of co-working space operator got booked 2.03 times on the first day of bidding led by the retail portion.

23.05 / 06:39

markets IPO Target Trade Experts performer stars Stock Check: Down over 40% from the IPO price, should you buy Star Health now? Here's what experts say

₹900. As of the close on May 22, the stock remains significantly below this benchmark, trading at ₹539.30 — over 40 percent lower than its initial offering price.Star Health was listed at ₹845.00 on December 10, 2021, marking a 6.11 percent discount from its offer price. On the same day, the stock briefly reached a high of ₹940, the only time it surpassed its IPO price.The stock has continued its weak performance, down over 9 percent in the last one year and completely flat in 2024 YTD.

23.05 / 02:43

markets UPS IPO Digital Booking Experts Updates Go Digit IPO listing date today. Here's what GMP, experts say on share debut

Also Read: Go Digit IPO fully booked on the last day of bidding: Check subscription updates, GMP, other detailsGo Digit General Insurance Limited, a well-known digital insurance company, is gearing up for its stock market debut shortly, according to Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. Although there was immediate excitement around the IPO, the grey market premium (GMP) hasdropped to ₹30, which is around 11% over the issue price.

22.05 / 15:05

UPS IPO Destinations Raspberry Pi confirms London listing

Raspberry Pi said it is looking to issue $40m in new shares alongside existing shares set to be sold by certain shareholders, including Raspberry Pi Mid Co Limited, a wholly owned subsidiary of the Raspberry Pi Foundation, which is Raspberry Pi's existing majority shareholder. Up to 10% of the ordinary shares expected to be sold by Raspberry Pi Foundation will only be made available through an over-allotment option. London remains 'key destination' for IPOs The IPO will also launch with agreements with existing shareholders Arm and Lansdowne Partners to purchase $35m and up to $20m...

22.05 / 14:41

markets UPS IPO Digital security Trade band Go Digit to debut at the bourses on Thursday. Here's what GMP signals ahead of listing

Go Digit Insurance will debut on the exchanges on Thursday. Ahead of the listing, the company's shares are trading at a premium of Rs 25 in the unlisted market. Considering the upper price band of Rs 278, the stock is expected to gain around 9-10% on listing.

22.05 / 12:07

markets IPO security hospital reports travelers Updates Oyo withdraws draft IPO papers, to refile after refinancing $450 million loan

BENGALURU : Oravel Stays Ltd, the parent of travel and hospitality firm Oyo, has withdrawn its draft red herring prospectus (DRHP) from markets regulator Securities and Exchange Board of India (Sebi), with plans to refile after refinancing its $450 million loan. The Softbank-backed firm pulled back the offer document on 17 May, according to a filing with Sebi. The company aims to refile papers for its initial public offering (IPO) as soon as the refinancing of the $450 million loan is completed, which is expected by the next quarter, according to a person familiar with the development.

22.05 / 10:43

markets IPO Booking security MakeMyTrip travelers Schools Ixigo receives Sebi clearance for IPO

Le Travenues Technology, which operates online travel portal Ixigo, has received clearance from the Securities and Exchange Board of India to raise funds through an initial public offering, according to a notification by the market regulator on Wednesday. The Gurugram-based company had filed its initial IPO papers in February, with a proposal comprising an issue of fresh shares worth Rs 120 crore and an offer for sale (OFS) of 66.67 million shares by its existing shareholders. The selling shareholders included Elevation Capital (earlier Saif Partners), Peak XV Partners, and founders Aloke Bajpai and Rajnish Kumar, as per the draft red herring prospectus (DRHP).

22.05 / 08:43

markets UPS IPO Booking security Diversity Awfis Space Solutions IPO sails through on first day. Check GMP and other details

IPO) of Awfis Space Solutions sailed through on the first day of the bidding process on Wednesday as retail investors and NIIs lapped up the offer with both hands. The category reserved for retail investors was booked the most at 3.86 times, followed by non-institutional investors at 1.06 times. There were no bids yet in the QIB category.

22.05 / 07:51

UPS IPO Trade 2020 reports Traffic Mazagon Dock Shipbuilders: This defence PSU stock is trading 1900% above its IPO price; what lies ahead?

Mazagon Dock Shipbuilders has excelled, with a stellar return of over 277% in the past year. The company is one of India's leading defence public-sector undertaking shipyards under the Ministry of Defence (MoD). It is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

22.05 / 05:05

markets IPO Provident security Enterprise wellness recommendations Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribe

₹364 to ₹383 per share. The IPO lot size is 39 shares and the minimum investment amount required by retail investors is ₹14,937. At the upper end of the price band Awfis Space IPO size is worth ₹598.93 crore, which comprises a combination of fresh issue of 33 lakh equity shares aggregating to ₹128 crore and an offer for sale (OFS) component of 1.23 crore shares aggregating to ₹470.93 crore.

22.05 / 05:05

markets COST IPO Digital band show cover Indian Emulsifier share price lists with stellar 225% premium, at ₹430 on the NSE SME

₹430 a piece on the NSE SME on Wednesday. Indian Emulsifier share price post listing hit highs of ₹451.50 and lows of ₹410.05 The Issue that opened for subscription on the Monday 13 May 2024, had closed on Friday 17 May 2024. The issue received an overwhelming response being subscribed 460 times and 484 times in the retail category.

21.05 / 18:09

markets IPO Provident Booking security band information Awfis Space Solutions IPO: Workspace provider raises ₹268.61 crore from anchor investors ahead of IPO

₹268.61 crore in an anchor book round a day before its initial public offerings (IPO) open for subscription. According to the exchange filing, the company allocated 70,13,483 shares to 32 anchor investors at the upper price band of ₹383 per equity share. “The IPO Committee of the Company at its meeting held on May 21, 2024, in consultation with the Book Running Lead Managers to the Offer, has finalized allocation of 70,13,483 Equity Shares, to Anchor Investors at Anchor Investor allocation price of ₹ 383/- per Equity Share (including share premium of ₹ 373/- per Equity Share)," The company further informed that 53.53 per cent of the total allocation to anchor investors were allocated to 12 domestic mutual funds.

21.05 / 17:27

UPS IPO Provident SUN wellness band Ahead of IPO, Awfis Space Solutions garners Rs 268 crore from anchor investors

Awfis Space Solutions Ltd on Tuesday said it has mobilised a little over Rs 268 crore from anchor investors a day before its initial share-sale opening for public subscription. The company has allotted 70.13 lakh equity shares to 32 funds at Rs 383 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. At this price, the firm has collected Rs 268.61 crore, it added.

21.05 / 12:57

IPO Aware Platform cover travelers Features rights Upstox enters insurance distribution space, adds HDFC Life as its first insurance partner

Ratan Tata-backed fintech platform Upstox has announced its foray into the insurance distribution business. HDFC Life is among the first insurers to partner with Upstox and feature its term insurance plans on the latter’s platform.

21.05 / 12:09

markets UPS IPO Booking security Trade band Awfis Space Solutions IPO opens Wednesday. What GMP signals ahead of issue launch?

IPO) of Awfis Space Solutions will open for subscription on May 22 and will close on May 24. Ahead of the issue opening, the company's shares are trading with a premium of Rs 165 in the unlisted market. The anchor book will open for institutional investors later today. The firm is anticipated to list on stock exchanges on May 30.

21.05 / 08:19

UPS IPO security Enterprise band Diversity Awfis Space Solutions IPO to open tomorrow; Here are 10 things to know before subscribing to the issue

₹128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares, with a face value of ₹10 each. This OFS involves the promoter selling shareholder, Peak XV Partners Investments V (formerly known as SCI Investments V), who plans to sell up to 6,615,586 equity shares. Other selling shareholders include Bisque Ltd, intending to sell up to 5,594,912 equity shares, and Link Investment Trust, likely to sell up to 85,201 equity shares, according to the RHP.

21.05 / 05:11

markets IPO Platform Software Election Trade International ABS Marine Services shares list at 100% premium over issue price

shares of ABS Marine Services listed on the NSE SME platform with a premium of 100% on Tuesday. The stock was listed at Rs 294 as against an issue price of Rs 147 per share. Ahead of the debut, the company's shares were trading with a premium of Rs 100 in the unlisted market.

21.05 / 03:19

markets IPO FIVE Compilation security Citigroup Election Big IPOs seen making a comeback as stock boom continues

India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy. Citigroup Inc., the top arranger of equity offerings in India this year, sees four to five IPOs of at least $1 billion each over the next year. At least 10 companies are weighing offerings of more than $100 million, according to data compiled by Bloomberg.

21.05 / 03:15

markets IPO Extreme Aware Racing security trends Retail investors often miss out on SME IPO rally. Microcap fund managers decode why

SME IPOs and stocks have been drawing attention of investors and market on the back of significant growth, jaw-dropping returns and lucrative investment opportunities. Investors wish to diversify their portfolio and tap into the potential growth of SME businesses but noticeable trend suggest that they often miss the bus on the SME IPO rally. Kresha Gupta, Director at StepTrade Share Services said that retail investors have a limited portion in the SME IPOs because of their allocation structure.

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