IPO Financial News

06.05 / 09:29

markets UPS IPO Manufacturing Platform band Energy Mission Machineries IPO to open on May 9; price band at Rs 131-138 per share

price band at Rs 131-138 per equity share for its initial public offering which will hit the capital market on Thursday to raise around Rs 41 crore. The public issue of Energy Mission Machineries (India) will open on May 9 and conclude on May 13, and the shares will be listed on NSE SME's platform, Emerge, the company said in a statement. The public offer is entirely a fresh issue of 29.82 lakh Equity shares of Rs 10 face value and no Offer for Sale component, according to the red herring prospectus (RHP).

06.05 / 09:29

markets UPS IPO Platform show performer Updates FirstCry's parent firm Brainbees Solutions re-files IPO papers; issue size remains unchanged

Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has re-filed preliminary papers with Sebi to raise funds through an initial public offering, an update with the markets regulator showed on Monday. This came after the regulator directed the company to re-file the draft papers citing insufficient disclosure of key performance indicators (KPIs), market sources said. The company's key performance indicators include its number of orders, average order value and annual transacting customers.

06.05 / 08:45

markets IPO Provident Booking Trade band Winsol Engineers IPO: Issue subscribed 15 times so far on first day; Check latest GMP, other key details of SME IPO

Also Read: Indegene IPO: Issue booked 55% on Day 1, so far. NII portion fully subscribed; check GMP, subscription status, key dates Winsol Engineers IPO is commanding a robust grey market premium today. Winsol Engineers IPO GMP today, or grey market premium today, is ₹130 per share, as per stock market observers.

06.05 / 08:07

markets IPO Digital Booking Enterprise Experts band Indegene IPO: Issue booked 55% on Day 1, so far. NII portion fully subscribed; check GMP, subscription status, key dates

₹30 per equity share. The qualified institutional buyers (QIBs) portion is yet to be booked. At 12:51 IST, the Indegene IPO subscription status is 55%, as per BSE data.

06.05 / 04:09

markets IPO Booking Trade Experts band information Sai Swami Metals and Alloys IPO allotment to be finalised today; latest GMP, 4 steps to check status

demat accounts. Also Read: Indegene IPO opens today. GMP, review, price, date, lot size, other details.

06.05 / 04:09

markets IPO Provident Booking security Election band NOT Indegene IPO opens today. GMP, review, price, date, lot size, other details. Apply or not?

Indegene IPO: The Initial Public offering (IPO) of Indegene Limited is set to hit the Indian primary market on Monday deals. This is a unique occurrence, as there has yet to be a single IPO launch during May in the last four Lok Sabha Election cycles. The period from April to June during these years has typically been slow for the primary markets due to election uncertainty.

06.05 / 01:19

markets IPO Digital Election band Courts International Top Events on May 6: PM Modi in Odisha and Andhra, Indegene IPO, Hemant Soren hearing in SC, and others

Top Events on May 6: With phase 3 of the Lok Sabha elections 2024 nearing, Prime Minister Narendra Modi has scheduled election rallies in Odisha and Andhra Pradesh on May 6. Alongside the election activities, Indegene Limited and Winsol Engineers Limited are also set to launch their IPOs today. The Supreme Court will hear the petitions filed by ex-Tamil Nadu minister Senthil Balaji and former Jharkhand CM Hemant Soren today.

05.05 / 13:07

markets IPO security WhatsApp Trade Investigations International Upper circuit stocks, hot IPOs: How a Hyderabad stock trader lost Rs 3 crore to an investment scam

stock trading from Gachibowli, Hyderabad, fell victim to a significant investment fraud totaling Rs 3.37 crore. The scheme commenced with a deceptive invitation via WhatsApp to join a trading group named 'International Stock Trading Account,' purporting to facilitate transactions involving upper circuit stocks.

05.05 / 11:15

IPO security Enterprise Diversity Muthoot Finance's arm Belstar Microfinance files DRHP with SEBI for ₹1,300 crore IPO

Muthoot Finance, submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.

05.05 / 10:05

markets IPO security Enterprise Election blues reports Muthoot Finance's arm Belstar Microfinance submits Rs 1,300 crore IPO prospectus with SEBI

Muthoot Finance's microfinance arm, Belstar Microfinance, has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,300 crore through an initial public offering (IPO). Belstar Microfinance, a Non-Banking Finance Company — Micro Finance Institution (NBFC-MFI), offers a wide range of loan products, such as micro-enterprise, small enterprise, consumer goods, festival, education and emergency loans.

05.05 / 05:53

markets IPO Booking security Citigroup Election band Upcoming IPOs: 9 new public issues and 4 new listings scheduled for this week; check full list here

SK Finance files DRHP with SEBI to raise ₹2,200-crore via IPO; details here “Since 2004, there hasn't been a single IPO launch during the month of May in the last four General Election cycles. Typically, the period from April to June during these years has been slow for the primary markets due to election uncertainty. However, this trend is expected to change now as, 3 mainboard IPOs of Indegene Limited, TBO Tek Limited and Aadhar Housing Finance are set to be launched next week to raise 6,392 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.

05.05 / 04:35

markets UPS IPO economy track Will Nifty make up for Friday’s loss? 6 factors to track this week

Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say.

05.05 / 03:03

markets UPS IPO trends Trade performer Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week

Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance sheet runoff: 5 key highlights Despite this, the Nifty 50 managed to reach a new record high of 22,794.70 before settling at 22,475.80. Sector-wise, financials, auto, and energy saw gains, but broader indices closed with slight losses, taking a pause after recent gains. The key benchmark indices maintained a flat trajectory on all days, marking the fourth consecutive week of little movement.

04.05 / 10:11

markets IPO Provident Digital Booking Election Cycling Indegene IPO opens next week. GMP, review, price, other details of upcoming IPO in 10 points

Indegene IPO: The Initial Public offering (IPO) of Indegene Limited is a rare event, set to hit the Indian primary market on 6th May 2024. This marks a significant departure from the norm, as there has not been a single IPO launch during May in the last four General Election cycles. The period from April to June during these years has typically been slow for the primary markets due to election uncertainty.

04.05 / 08:31

markets IPO security Trade band performer information Stock split 2024: Small-cap stock Rushil Decor sets board meeting date to consider stock subdivision

Stock split 2024: The board of directors of Rushil Decor Ltd will consider a stock split proposal in its upcoming meeting. The company board meeting is scheduled for May 24 2024.

03.05 / 17:25

markets IPO Booking security Citigroup Invesco band Indegene IPO: Mumbai-based company raises ₹548.77 crore from anchor investors ahead of IPO

₹548.77 crore from anchor investors at the upper price band of ₹452 per equity share ahead of initial public offerings (IPO). Indegene IPO, which is scheduled to open for subscription on May 4, has allocated 12,141,102 equity shares to 36 anchor investors, as per the exchange filing.

03.05 / 13:17

markets IPO Provident Target security cover information Sattrix Information Security files draft papers with BSE SME for IPO, targets listing by mid-May

₹20 crore via initial public offerings (IPO). The offering is structured through a fixed-price method, with portions of the offer reserved for various investor categories covering Qualified institutional buyers (QIBs), Non-institutional investors (NIIs), and Retail individual investors (RIIs). Also read: SK Finance files DRHP with SEBI to raise ₹2,200-crore via IPO; details here “Filing the DRHP on BSE SME is a crucial step towards our goal of bringing our company to the public markets.

03.05 / 09:51

markets IPO Strategy Food Trade band information 2:1 bonus shares, 1:10 stock split: SME stock Sarveshwar Foods gives 200% return to IPO allottees in 6 years

2:1 bonus shares, 1:10 stock split effect: For an intelligent stock market investor, the initial public offering (IPO) investment strategy is not much different from the stock investment strategy because investing in an IPO is like investing in a stock. One should hold the stock after share allocation for as long as possible.

03.05 / 09:51

markets UPS IPO Manufacturing Trade recommendations Piramal Pharma shares jump over 7% to hit 18-month high, gain 32% in 7 weeks

Piramal Pharma shares jumped 7.35% in today's trading session to a new 52-week high of ₹153.90 apiece, and this was also the stock's highest level in 18 months. They finished the last six out of seven weeks in green, gaining 32% as investors cheered to multiple positive developments. However, despite this recent uptrend, the stock has yet to surpass its IPO price of ₹200, which it hasn't achieved since its listing in October 2022.

03.05 / 08:55

IPO Target security Enterprise Research innovations information Sattrix Information files DRHP for Rs 20 cr SME IPO, targeting mid-May listing

Sattrix Information Security has filed its draft red herring prospectus (DRHP) with the BSE SME for an IPO. The issue is completely a fresh equity sale of 18 lakh shares and through it, the company plans to raise around Rs 20 crore. In the public offer, about 50% is reserved for allocation to retail investors and the the other 50% will be allocated to non-retail investors.

03.05 / 08:45

markets IPO Booking Manufacturing wellness Trade band IPO market in a slump! After a strong FY24, only 3 mainboard IPOs list in April, 2 trade above issue price

SRM Contractors: The IPO was listed SRM Contractors shares were listed at ₹225 apiece, a premium of 7.14 percent to the issue price of ₹210 per share, on the BSE on April 3. Currently trading at ₹199.15, the stock is below its issue price. The issue was open for subscription between March 26 and March 28 with a price band set in the range of ₹200-210 apiece.

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