IPO Financial News

₹5.54 crore and entirely a fresh issue of 11.55 lakh equity shares. HOAC Foods IPO price band is ₹48 per share. The IPO lot size is 3,000 shares and the minimum investment amount required by retail investors is ₹144,000.

₹223 and ₹235 per equity share with a face value of ₹10 each. The lot size for the Rulka Electricals IPO is 600 shares.

initial public offering (IPO) of office sharing startup Awfis Space Solutions is set to open for subscription on May 22. The company has fixed a price band of Rs 364-383 apiece for the upcoming share sale. The subscription for the issue will conclude on May 27, with the anchor book opening on May 21. The firm is anticipated to list on stock exchanges on May 30.

Office sharing startup Awfis Space Solutions on Thursday announced a price band of Rs 364 to Rs 383 per share for its initial public offering (IPO), which will be launched on May 22. The total size of the offering will be Rs 576 to Rs 599 crore. At the upper end of the price band, this values the company at Rs 2,659 crore (or around $318 million at current exchange rates). Awfis last raised funds in 2022 at a valuation of $110 million.

Aztec Fluids & Machinery IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 10 to May 14, attention now turns to the allotment procedure for Aztec Fluids & Machinery IPO. The allotment for the Aztec Fluids & Machinery IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt Ltd, or the BSE website.

Go Digit General Insurance Ltd, which launched its Rs 2,615 crore initial public offering (IPO) Wednesday, saw the retail portion of the issue getting fully subscribed by 1.45 pm. The IPO, priced between Rs 258 to Rs 272 per share, will close on Friday. The company had reserved 9.6 million shares for retail investors. Here are the key highlights of the i

₹1,176 crore from anchor investors. According to a circular posted late Tuesday, the business has allocated4.32 crore equity shares to 56 funds at ₹272 each, at the upper end of the the price band. The firm's investors include cricketer Virat Kohli, his wife, and actress Anushka Sharma.

Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US.

₹920. On BSE, TBO Tek share price today opened at ₹1,380 apiece, up 50% than the issue price. Market experts anticipated TBO Tek share price to open in the range of ₹1,360 to ₹1,400 per share.

₹150, which is 61.29% higher than the issue price of ₹93. However, after a positive debut, the stock was locked in 5% lower circuit. TGIF Agribusiness IPO opened for subscription on Wednesday, May 8, and closed on Friday, May 10.

₹315 on NSE, same as its issue price. Meanwhile, on BSE, the stock listed at ₹314.30, a discount of 0.22 percent. The ₹3,000 crore initial public offering (IPO) of Aadhar Housing Finance was open for subscription between May 8, 2024 - May 10, 2024, with a price band in the range of ₹300-315.

₹1,176.59 crore from anchor investors on Tuesday, May 14. The company issued 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share, as per the exchange filing.

Go Digit IPO, a significant financial event, has opened today. The public issue, which aims to raise ₹2,614.65 crore, will be open for bidders until 17th May 2024. This means the public issue will remain open from Wednesday to Friday.

Aadhar Housing Finance IPO: The listing date of the initial public offering (IPO) of Aadhar Housing Finance Limited has been fixed on May 15 2024, i.e. today.

₹1,176.59 crore from anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company allocated 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share.

Godrej Properties Ltd, in 2009, Pirojsha Godrej, who was then its executive director, met up with the executives of a prominent Mumbai-based investment banking firm. The investment bank’s feedback wasn’t that encouraging. Godrej’s property business, executives from the bank said, wasn’t ready for an IPO yet; the developer needed to build scale.

Last week, as I chatted with the founder of a fast-growing software startup, he dropped a bombshell. “I want to move our parent domicile from the US to India.” “Why?” I asked. “Your primary customers are in the US. You’re growing fast, with a clear line of sight to $100 million annualized revenue in three years or so. Why would you consider this?” Elevate Your Tech

Go Digit Insurance will open for subscription on May 15 and close on May 17. Through the public offer, the company plans to raise around Rs 2,615 crore. Here are 10 things to know about Go Digit IPO before subscribing to the issue.

Initial Public Offerings) this week, it seems like the IPO season is back. The last year displayed a distinct split in terms of the IPO market, with the first half characterised by a sluggish pace and limited new offerings, followed by a dramatic upswing in activity during the latter part of the year. There was a decline of 30% in 2023 (INR 41,095 crore raised through 46 IPOs) compared to 2022 (INR 59,302 crore raised through 40 IPOs) and of more than 50% compared to 2021 (INR 1,18,723 crore raised through 63 IPOs). Therefore, there is bullishness in the IPO market after a sluggish 18 months. The IPO market is usually cyclical. One of the reasons for the cyclicality is irrational price discovery at the time of issuance. In some situations, it is extremely liberal in anticipation of a big pop on listing and in some situations it is too tightly priced. There are several cases of more than 100-300% appreciation on the listing day and conversely there are many cases of negative return ranging -50 to -60%. This is due to a lack of scientific and rational price discovery in IPOs. This challenge is further aggravated for startups and very high growth companies. At times, there is a conflict between public and private market investors. Such a situation exists not just in India but across most capital markets.

demat accounts will take place today, Tuesday, May 14. The process of refunding those who have not yet received their shares will likewise be completed today. TBO Tek IPO registrar is Kfin Technologies Ltd.

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