IPO Financial News

08.05 / 11:11

IPO SEC Manufacturing security Experts pop reports Novelis IPO: Kumar Mangalam Birla’s Hindalco Industries eyes $1.2 billion IPO for its US subsidiary

Hindalco Industries, the company run by Indian billionaire Kumar Mangalam Birla, is considering seeking about $1.2 billion in Novelis, its US-based division's initial public offering (IPO), Bloomberg news reported. Novelis is the world's biggest manufacturer of flat-rolled aluminium products, which are used in many different goods, such as cars and pop cans. Bloomberg reported that Hindalco may aim for a $18 billion value for Atlanta-based Novelis, citing sources familiar with the matter.

08.05 / 09:53

UPS IPO Manufacturing security Sustainability Experts GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO launch in August this year

₹3.25 crore in a private placement round. The firm, which supplies sustainable lighting and power products solutions, has secured the funding while it aims to launch its initial public offering (IPO) to raise nearly ₹30 crore around August this year. "GRE Renew Enertech has successfully secured funding of ₹3.25 crore in a private placement round.

08.05 / 09:13

markets IPO Booking security Enterprise Trade Experts TGIF Agribusiness IPO: Check GMP, subscription status on day 1, issue size, key details to know

₹93 per share. The IPO lot size for TGIF Agribusiness is 1,200 shares. The company is essentially a horticultural business that engages in open farming of specific fruits and vegetables, as stated in the prospectus.

08.05 / 07:15

markets IPO Platform wellness band travelers TBO Tek IPO: Retail portion fully subscribed within hours of opening. Check GMP, subscription status, key dates, more.

₹14.07 on a fully diluted basis. Based on this EPS, the PE band would be 62.19-65.39. The mentioned businesses are essentially online travel companies like Make My Trip, Easy Trip, and Yatra Online who would be using the platform supplied by TBO Tek Limited.

08.05 / 06:33

markets UPS IPO FIVE Experts band Slone Infosystems IPO allotment in focus today; check latest GMP, 4 steps to check status

Slone Infosystems IPO allotment date today: Slone Infosystems IPO share allotment will be finalised today (Wednesday, May 8). The investors who applied for Slone Infosystems IPO can check the Slone Infosystems IPO allotment status in the registrar's portal, which is Kfin Technologies Ltd. Slone Infosystems IPO opened for subscription on Friday, May 3, and closed on Tuesday, May 7.

08.05 / 05:57

markets IPO Manufacturing Platform security Healthcare Trade Amkay Products debuts with 90% premium on BSE SME platform

Amkay Products debuts with 90% premium on BSE SME platform The shares of Amkay Products listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 104.5 as against an issue price of Rs 49.5.

08.05 / 05:57

markets IPO Provident Manufacturing Platform Trade innovations Storage Technologies stock lists with 90% premium on BSE SME platform

shares of Storage Technologies and Automation listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 148.2 as against an issue price of Rs 78. Ahead of the listing, the company's shares traded with a premium of Rs 50 in the unlisted market.

08.05 / 04:49

IPO Hyundai Trade show reports HD Hyundai Marine Solution doubles in South Korea's largest IPO since January 2022

Shares of maintenance and repair firm HD Hyundai Marine Solution spiked nearly 50% in their trading debut Wednesday, marking a strong start to South Korea's largest IPO since January 2022.

08.05 / 04:49

markets IPO security Citigroup band performer recommendations Aadhar Housing Finance IPO: Should you bid for this Rs 3,000 cr offer?

IPO of Aadhar Housing Finance opened for subscription today. Ahead of the issue opening, the company raised Rs 897 crore from anchor investors. The IPO comprises a combination of a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter BCP Topco.

08.05 / 04:17

markets IPO Booking security wellness band travelers NOT TBO Tek IPO opens today: GMP, review, other details of General Atlantic-backed public issue. Apply or not?

TBO Tek IPO opens today: General Atlantic-backed initial public offering (IPO) of TBO Tek Limited has hit the Indian primary market today. The public issue worth ₹1,550.81 crore will remain open till 10th May 2024. This means that mainboard IPO will remain open from Wednesday to Friday this week.

08.05 / 04:17

markets IPO Booking security Sustainability performer reports NOT Aadhar Housing Finance IPO opens today: GMP, subscription status, review, other details. Apply or not?

₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.

08.05 / 01:13

IPO Platform Compilation Reddit Trade social reports Reddit gains after strong sales in first report since IPO

social media platform’s advertising system helped push quarterly sales higher than expected in its first results as a public company. Revenue increased 48% to $243 million in the period ended March 31, the social media company said Tuesday in a statement. Analysts, on average, estimated $211.9 million, according to data compiled by Bloomberg.

08.05 / 01:11

IPO Invesco WhatsApp Aadhar Housing raises Rs 898 crore from 61 anchors

Mumbai: Aadhar Housing Finance raised ₹898 crore from 61 investors ahead of its IPO on Tuesday. The company offered 2.85 crore shares at ₹315 each.

07.05 / 17:41

IPO Booking SUN Platform BlackRock travelers TBO Tek IPO: Travel company garners ₹696.5 crore from anchor investors ahead of IPO

₹696.51 crore from an anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the company's filing to the exchanges, it has allocated 75,70,807 equity shares to 61 anchor investors at a price of ₹920 per equity share.

07.05 / 17:15

markets IPO Provident Platform security wellness innovations Cyber Cyber startup Wiz raises $1 billion on path to IPO

Wiz said Tuesday it raised $1 billion in a deal valuing the fast growing cloud security startup at $12 billion. Wiz said the funding round, which brings the company’s total funding to $1.9 billion, was led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital. Greylock Partners, Wellington Management and existing investors Cyberstarts, Greenoaks, Index Ventures, Salesforce Ventures, Sequoia Capital and former Starbucks chief executive Howard Schultz also participated.

07.05 / 11:57

markets UPS IPO Booking Platform band travelers TBO Tek IPO to open tomorrow: GMP, issue details, 10 key things to know before investing to ₹1,551-crore issue

Also Read: TBO Tek IPO to open on May 8; here's what GMP signals ahead of subscription Sellers are allowed to establish pricing for buyers and display and market their products using the company's platform. Customers may explore and book travel to places worldwide in a variety of travel segments, including leisure, business, and religious travel, with the platform's integrated, multi-currency, multi-lingual, one-stop shop. The floor price is 875 times the face value of the equity shares and the cap price is 920 times the face value of the equity shares.

07.05 / 11:57

markets Citi IPO Booking security Citigroup band Aadhar Housing Finance IPO to open tomorrow; Here are 10 things to know before you subscribe to the issue

Aadhar Housing Finance IPO to open on May 8; what does GMP indicate before subscription? Aadhar Housing Finance is a housing finance firm focused on serving the lower-income demographic. Its clientele primarily resides in tier 4 and tier 5 cities across India. As of September 30, 2023, the company boasted a network comprising 471 branches and 91 sales offices, spanning across 20 states and union territories.

07.05 / 02:11

IPO CEO Platform Bithumb Trade 2020 South Korea’s Bithumb May Re-appoint CEO as Exchange Edges Toward IPO

South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO.

06.05 / 12:19

IPO Provident Booking Platform Experts recommendations Indegene IPO: 10 key risks investors should know before subscribing to ₹1,842-crore issue

Also Read: Indegene IPO opens: GMP, subscription status, review, price, date, lot size, other details. Apply or not? There were sixty-five active clients of the business as of December 31, 2023.

06.05 / 12:19

markets IPO Provident Parke Research Trade performer Demat Account: What are REITs and how to invest in them? MintGenie explains

emat account has evolved beyond mere equity trading, now offering investors a spectrum of avenues to diversify their portfolios across various asset classes. Apart from stocks, investors can seamlessly venture into bonds, mutual funds, ETFs, as well as Real Estate Investment Trusts (REITs). Traditionally, Indians have favored real estate investments due to their potential for capital appreciation and steady rental income.

06.05 / 10:17

markets IPO Provident Booking Trade Experts band Slone Infosystems IPO: Issue subscribed over 62 times on day 2, so far, retail portion sees robust demand; check GMP

₹10 per equity share, the Slone Infosystems IPO price band has been set at ₹79. A lot size of 1,600 shares is available for the Slone Infosystems IPO. Applications for equity shares must be made in multiples of 1,600 beginning with a minimum of 1,600 shares.

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