IPO Financial News

JNK India's stock had an impressive debut on the market today. Opening at ₹621 per share on the NSE, it marked a significant 49.63% increase from its issue price of ₹415. Similarly, on the BSE, the stock began trading at ₹620 per share.

₹186.20. The Emmforce Autotech IPO had received a strong response being subscribed more than 197 times by final day of subscription. The retail portion had been subscribed more than 191 times.

₹285, which is 90% higher than the issue price of ₹150. However, following a stellar debut, Varyaa Creations share price was locked in 5% lower circuit. Varyaa Creations IPO kicked off on Monday, April 22 and closed on Thursday, April 25.

₹841 crore in the fourth quarter of FY24 as against a net profit of ₹692 crore in the same period a year ago. Tata Chemicals said during Q4FY24 it recognised a non-cash write-down of assets with respect to UK (Lostock Plant), aggregating to ₹963 crore which has been disclosed as an exceptional loss. The Tata Group company’s revenue in the quarter ended March 2024 declined 21.1% to Rs 3,475 crore from ₹4,407 crore, YoY.

₹48 apiece on the BSE SME, a premium of 9.09% to the issue price of ₹44 per share. Shivam Chemicals IPO listing was above market estimates as ahead of the listing, Shivam Chemicals IPO GMP today, or grey market premium today was ₹2 per share. This indicated Shivam Chemicals shares would list around ₹46 per share.

₹621 per share, 49.63% higher than the issue price of ₹415. On BSE, JNK India share price today opened at ₹620 apiece, up 49.40% than the issue price. Market experts anticipated JNK India share price to open in the range of ₹500 to ₹520 per share.

Also Read: JNK India IPO to debut on the bourses tomorrow; here's what GMP indicates ahead of listing According to Arun Kejriwal, the founder of Kejriwal Research and Investment Services, JNK India share price is likely to list within the range of ₹500 to 520. A robust listing with a 22–25% premium over the issue price of ₹415 per share is possible, according to Prashanth Tapse, Research Analyst and Senior Vice President of Research at Mehta Equities, given the favourable secondary market environment and robust subscription demand on the final day of the issue.

Tata Sons has raised its shareholding in Tata Play to 70% by acquiring Singaporean government-owned investment firm Temasek's 10% stake in the company for about $100 million (close to ?835 crore), said people in the know. The direct-to-home (DTH) firm has been valued at $1 billion, down from its previous pre-pandemic valuation target of $3 billion. I&B Min told About New Shareholding

DRHP) with updated financials after markets regulator Securities and Exchange Board of India (Sebi), pressed for detailed key performance indicators or KPIs, a person with knowledge of the development said. The Pune-based company is looking to raise $500 million from its public listing.

Indegene has fixed a price band of Rs 430-452 for its maiden public offer, which opens for public subscription on May 6. The company plans to raise around Rs 1,842 crore through the issue, which closes on May 8. The company received a capital markets regulator nod in August last year. The IPO comprises fresh equity issue worth up to Rs 750 crore and offer for sale (OFS) of up to 2.93 crore equity shares by existing investors.

Let's start with your personal story I hail from Madhya Pradesh, where I completed my Bachelor of Engineering. My father served in the state government, while my mother was a homemaker. Coming from a middle-class background, I was the first in my extended family to venture into the field of finance. My interest sparked during my college days through participating in IPOs during the era of the erstwhile CCI. A couple of experiences during the famous Harshad Mehta bull run acted as sort of Eureka moments, further fuelling my fascination with the stock markets. I chose this profession deliberately, opting to transition to Mumbai for a career in financial services, after completing my MBA. How did you land up in this job? I spent a few years in sell-side research before transitioning to the buy-side with a Portfolio Management Service. In 2008, I joined Mirae Asset, where I currently serve as Chief Investment Officer, overseeing the equity investment function with assets under management of approximately Rs 140,000 crore.

₹430 to ₹452 per equity share of the face value of ₹2. The Indegene IPO date of subscription is scheduled for Monday, May 6, and will close on Wednesday, May 8.

JNK India IPO: Issue subscribed 28.13 times on the last day of bidding process led by QIBs, NIIs. Check GMP The grey market premium (GMP) for the JNK India IPO is +117, suggesting that JNK India shares are trading at a premium of ₹117 in the unofficial market, as reported by investorgain.com.

₹1,000 crore in the fiscal year 2024-25. This decision comes alongside the brand's expansion into international markets and the exploration of new product categories, Varun Gupta, one of its co-founders, told news agency PTI in an interview. Gupta further revealed the details about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year.

rebounded after two weeks of profit-taking and gained over a per cent. The week kicked off on an upbeat note, buoyed by positive cues from the global markets. However, volatility ensued as the week progressed, with the markets grappling with uncertainties surrounding mixed earnings.

Indegene IPO: The initial public offering (IPO) of private equity (PE) firms Carlyle and Nadathur Fareast-backed Indegene will open for subscription on May 6, 2024. The maiden public issue of the digital services provider for the life sciences industry will remain open for bidding till May 8, 2024, according to the red herring prospectus (RHP) filed by the the company. Indegene assists with drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales or marketing support.

1:10 stock split effect: A long-term investor enjoys various other benefits like dividends, bonus shares, buyback of shares, etc. However, some moves by the listed entities don't change the absolute value of investment but they deliver in the long term. A stock split is one such instrument.

Stainless steel products maker Sai Swami Metals & Alloys Ltd will hit the capital market on April 30 to raise around Rs 15 crore from public investors. The initial public offering of the company will open for subscription on the SME platform of BSE on Tuesday and will close on May 3, the company said in a statement on Saturday. The Ahmedabad-based company, which manufactures stainless steel cookware and appliances under brand DOLPHIN, has fixed the price at Rs 60 per equity share.

Read more Alphabet Inc. closed decisively above a $2 trillion market capitalization for the first time on Friday. The $2 trillion milestone followed the company’s results, where revenue beat expectations on the strength of its cloud-computing unit.

JNK India last week, the primary market is back to hibernation in the mainboard segment as there are no fresh public offers opening next weekend. However, 3 SME issues and 4 listings are still going to grab investors' attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.

unicorns to its fleet in 2024 so far — fintech SaaS Perfios and Bhavish Aggarwal's AI venture Krutrim. Investors believe that the funding winter scenario in India has been milder than expected this year as the growth of Indian economy encourages investment in new ventures.