IPO Financial News

IPO, Aadhar Housing Finance is likely to finalise the share allotment tomorrow. The issue was booked nearly 26 times at close. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's website.

₹65 in the grey market, according to market observers. This indicates that the anticipated listing price for Go Digit IPO shares could be ₹65, representing a 23.9 percent increase over the IPO price of ₹337. Also read: Go Digit IPO: At ₹7 crore, Virat Kohli, Anushka Sharma to make multibagger return of 263% on issue launch According to investorgain.com, the lowest Grey Market Premium (GMP) for the Go Digit IPO stands at ₹50, with the highest GMP reaching ₹70.

investors. The shares of Indegene will list on the exchanges on Monday and the unlisted market trends indicate robust listing gains for allotted investors.

₹6,000 crore amid ongoing general elections in the country. Also read: Indegene IPO: What does GMP signal ahead of share listing on Monday? “What's noteworthy is the robust domestic inflow, particularly with retail investors showing keen interest in equity markets. This surge in retail participation is empowering issuers to confidently launch IPOs in May," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.

Sandeep Tandon, CIO, Quant Mutual Fund, says “metals, PSU, pharma are very big themes and will lead the market. FMCG is also showing early signs of bottoming out. Each and every stock has not bottomed out, but some characteristics are there where we will look for a buying opportunity at bottom levels. I am not in a hurry so that we have to buy today only, but they are showing early signs of bottoming out.” Any specific reason why FIIs are selling because I can understand that the local crowd can get jittery, but FIIs typically have a very long view. They are often buyers when there is distress. Right now, FIIs are causing distress with rampant selling. Who are these FIIs who are selling and why are they selling in the month of May? Sandeep Tandon: It is not only in the month of May, FIIs have been sellers for a while. They used to run very concentrated holding in the past. If you can recollect, few banks, few technology companies, few FMCG and few consumption names was their thesis. So, they made very concentrated bets. All these stocks which they owned were part of the admired territory which peaked in September 2021 and are still correcting.

Nifty 50 ended with weekly declines of 2.6% amid significant volatility where the India VIX shot up to a 52-week high. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. «Indian stocks witnessed a sharp correction after reaching record highs. Investor sentiment turned cautious due to the upcoming elections and aggressive selling by foreign institutional investors (FIIs). This selling pressure overshadowed a strong performance in global markets, keeping domestic indices under pressure throughout the week,» said Santosh Meena, Head of Research at Swastika Investmart.

massive outflows by foreign investors and the significant rise in the market's volatility index. Majority of the analysts say that weak sentiments will likely continue till the election results in the absence of any major positive triggers. In the third week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues.

₹290 per share. This means that Indegene shares are trading higher by ₹290 apiece in the grey market than their IPO price of ₹452 per share. Considering the IPO price and the GMP today, Indegene IPO listing price is estimated to be around ₹742 per share, which is at a premium of 64.16% to the issue price.

Also Read: TBO Tek IPO allotment to be finalised on May 13. Latest GMP, steps to check status Investors can check Aadhar Housing Finance IPO allotment status on the BSE website as well as on the official portal of IPO registrar.

Also Read: Indegene IPO allotment out. Latest GMP, listing date, how to check status Investors can check their TBO Tek IPO allotment status online on the website of BSE or the IPO registrar. Kfin Technologies is the TBO Tek IPO registrar.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

Ecommerce firm Meesho has closed a $275 million funding round through a mix of primary and secondary share sales, two people aware of the matter said. A regulatory filing with the US Securities and Exchange Commission (SEC) also indicated share transfer at Meesho’s US parent firm without offering further details.

Aadhar Housing Finance IPO subscription status: Aadhar Housing Finance IPO, backed by private equity major Blackstone, received a subscription of 24.49 times on the third and final day of bidding. The portion for Qualified Institutional Buyers (QIBs) was booked 72 times.

TBO Tek IPO day 3: GMP, subscription status to review. Should you apply? Ankush Nijhawan, Arjun Nijhawan, Manish Dhingra, and Gaurav Bhatnagar are the promoters of the company. TBO Tek Limited witnessed a significant growth in its profit after tax (PAT), soaring by 340.4%, and its revenue also surged by 112.09% between March 31, 2022, and March 31, 2023.

₹2.5 crore could see a handsome multibagger return of 263%, with the upper price band set at ₹272. This would elevate the value of their investment to ₹9.06 crore, resulting in a notional profit of ₹6.56 crore. In January 2020, the Indian cricketer purchased 266,667 shares at a unit price of ₹75 each through a private placement, resulting in a total investment of approximately ₹2 crore.

₹67 per share. The IPO lot size for Mandeep Auto Industries is 2,000 shares. The equity share allocation for the IPO is as follows: up to 17,88,000 equity shares are available to non-institutional investors (NII), up to 17,90,000 equity shares are offered to retail individual investors, and up to 1,90,000 equity shares are available to market makers.

₹5,000 and may go up to 15 lakhs. While allowing diversification in the investment portfolio, they also offer investors significant returns higher than traditional investment options making it a lucrative investment option.Also Read: TGIF Agribusiness IPO: Check GMP, subscription status on day 2, issue size, key details to know A retail investor makes an investment in these platforms via the website or mobile app in an online mode. Usually, he or she may be asked to sign the LLP (Limited Liability Partnership) agreement and complete authentication.

Capital Small Finance Bank is eyeing a 22-24% advances growth in FY25, double of the pace it achieved last fiscal while it is eying geographic expansion to support it. The Jalandha-headquartered lender is also planning a foray into Jammu with a couple of branches. «After raising growth capital, we are now poised to grow faster,» executive director Munish Jain told ET. «Last year our growth was subdued as we were highly leveraged. We were waiting for the growth capital, he said. Its gross advances rose just about 12% year-on-year to Rs 6,160 crore.

₹109 to ₹114 per share. The IPO lot size for Veritaas Advertising is 1,200 shares. The equity share allocation is as follows: Market Maker is allotted up to 37,200 equity shares; Non-Institutional Investors (NII) is allotted up to 1,06,800 equity shares; Retail Individual Investors (RII) is allotted up to 2,48,400 equity shares; and QIB Anchor Portion is allotted up to 1,74,000 equity shares.

demat accounts of the successful bidders on May 13 and issue refunds on the same day to those whose bids have been rejected. Winsol Engineers IPO allotment status check can be done online through the official website of NSE or the portal of IPO registrar. Kfin Technologies is the Winsol Engineers IPO registrar.

₹63 to ₹67 per equity share of face value of ₹10 each. There are 2,000 shares in each IPO lot. 2,000 equity shares is the minimum application size; beyond that, applications will be accepted in multiples of 2,000 equity shares.