IPO Financial News

24.03 / 11:37

markets IPO Provident Target security Mobile exclusive stake Bharti Hexacom IPO: Airtel arm's public issue to open on April 3, TCIL to offload 15% stake; Details here

IPOs this week: One mainboard, 12 SME public issues to open for subscription; check full list here The IPO of Bharti Hexacom comprises exclusively of an offer-for-sale (OFS) segment, devoid of any issuance of new shares. Telecommunications Consultants India, the singular public shareholder in the firm, intends to sell 7.5 crore equity shares, equating to a 15% stake in the OFS. Bharti Airtel, led by Sunil Mittal, owns a 70% stake, equivalent to 35 crore shares, while the remaining 30% ownership, comprising 15 crore equity shares, is held by non-promoter TCIL.

24.03 / 11:37

IPO Provident Action security awards wellness guidelines Financial audit regulatory RBI to conduct special audit of IIFL Finance, JM Financial for regulatory breaches; tenders floated to appoint auditors

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) as it has initiated the process for appointment of auditors. The central bank has floated two separate tenders for appointment of auditors for special audits of the two non-banking finance companies (NBFCs).

24.03 / 10:05

IPO Provident Action security awards wellness guidelines Financial audit regulatory RBI to conduct special audit for regulatory breaches by IIFL Finance, JM Financial Products

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) will undergo a special audit to further probe their regulatory breaches, as the Reserve Bank has initiated the process for the appointment of auditors. The Reserve Bank has floated two separate tenders for the appointment of auditors for special audits of these two non-banking finance companies. Audit firms empanelled by the Securities and Exchange Board of India (Sebi) for forensic audit can participate in the tendering process, and the last date for submission of bids is April 8, as per the tender document published by the Reserve Bank of India. The selected firms will be awarded work on April 12, 2024, as per the bid documents.

24.03 / 04:45

markets IPO Action security Research Trade track T+0 settlement, Nifty rejig, F&O expiry among 10 factors to hog D-Street in truncated week

Dalal Street investors despite being a truncated one, as all eyes will be on the launch of the ‘T+0’ settlement cycle by exchanges. Trading will take place for only three days in the week ahead, as stock markets are closed on Monday for Holi and on Friday for Good Friday.

24.03 / 04:27

markets IPO Booking security band blues innovations IPOs this week: One mainboard, 12 SME public issues to open for subscription; check full list here

₹901 crores. While, three companies got listed during the week R K SWAMY, JG Chemical and Gopal Snacks. The IPO momentum is anticipated to persist in the coming financial year, with larger deals on the horizon.

24.03 / 01:23

markets IPO Research trends Trade Experts cover Week Ahead: Macro data, F&O expiry, global cues among key market triggers this week

Also Read: FPIs pump ₹38,098 crore in Indian equities, debt inflows at ₹13,223 crore; Will the trend continue in FY25? Markets saw buoyancy on the global front triggered a rebound in the final sessions, which aided the index to close in the green. The indices rebounded as bargain hunters stepped in following the announcement from US Federal Reserve indicating a potential series of interest rate cuts throughout the year. Nifty 50 and Sensex prices settled the week at 22,096.75 and 72,831.94 up 0.33 per cent and 0.26 per cent respectively.

23.03 / 17:07

IPO Provident Booking Platform security Enterprise band GConnect Logitech IPO to open for bidding on March 26: Check key dates, IPO price, other details

GConnect Logitech IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) GConnect Logitech will open for subscription on March 26, 2024. The SME IPO is a fixed price issue of ₹5.60 crore. The issue is entirely a fresh issue of 14.01 lakh shares.

23.03 / 10:33

markets IPO Booking Experts band recommendations SRM Contractors IPO opens next week. GMP, review, other details about upcoming IPO

SRM Contractors IPO: The initial public offering (IPO) of SRM Contractors Limited is going to hit the Indian primary market on 26th March 2024 i.e. on Tuesday next week. The three days of bidding for the public issue will end on 28th March 2024 i.e.

22.03 / 17:51

UPS IPO Booking Highways band SRM Contractors IPO: Company raises ₹39 crore from anchor investors ahead of public issue

₹39 crore in the anchor book round a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company has allocated 18,59,900 shares to three anchor investors at ₹210 per share. Also read: SRM Contractors IPO: Price band set at ₹200-210 apiece, check issue details, key dates, more “The Board of Directors of the Company at their meetings held on March 22, 2024, in consultation with the Book Running Lead Managers to the Issue, has finalized allocation of 18,59,900 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs.

22.03 / 16:39

UPS IPO Digital Trade President Experts social Wall Street debut of Trump's Truth Social network could net him stock worth billions on paper

The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper

22.03 / 15:39

markets IPO Platform Reddit Experts performer social IPO expert warns Reddit stock may soon reflect fundamentals, ‘rather than hype’

Reddit Inc's (NYSE:RDDT) stock price fell over 7% Friday, a day after the social media platform made its long-awaited market debut.

22.03 / 09:45

IPO Provident Target CEO Food band Ashish Kacholia-backed Radiowalla Network announces IPO dates, price band. Check details

Radiowalla Network, one of the leading providers of B2B customer engagement services, announced the launch of its IPO on March 27. As of the filing of RHP, Kacholi The company is aiming to raise Rs 14.25 via this IPO, which closes on April 2. The issue size is of 18.75 lakh shares at face value of Rs 10 each.

22.03 / 09:45

UPS IPO Provident Booking beautiful testing Naman In-Store IPO booked nearly 7x within hours of opening; Vishwas Agri Seeds IPO sailed through on Day 2.

The IPO is entirely a fresh equity issue of 30 lakh shares and through the issue, the company aims to raise Rs 26 crore.

22.03 / 07:15

markets UPS IPO Platform Reddit community social Reddit soars after NYSE debut: Here are top things to know

social media company Reddit was up nearly 50% on the New York Stock Exchange Thursday in a stellar market debut that has given hope to the companies gearing up to go public. Shares of the San Francisco-based company debuted at $47 on the New York Stock Exchange on Thursday, up from the IPO pricing of $34, the top of the company's indicated price range. The stock closed at $50.44.

22.03 / 05:21

markets UPS IPO WhatsApp band Enfuse Solutions share price makes a strong debut, stock opens with 20% premium at ₹115 apiece on NSE SME

₹115, which is 19.79% higher than the issue price of ₹96. The Enfuse Solutions IPO was held on Friday, March 15, and concluded on Tuesday, March 19.

22.03 / 05:21

markets UPS IPO Booking Manufacturing Trade band KP Green Engineering share price sees a strong debut. List at ₹200, a premium of 38.89% over the issue price

₹200, a premium of 38.89% over the issue price on the BSE SME Markets had been anticipating decent listing gains from KP Green Engineering IPO as was evident from subscription numbers and Grey Market premium (GMP) The grey market premium (GMP) for KP Green Engineering's IPO stood at +50 according to www.investorgain.com. This indicates that the KP Green Engineering share price was being traded at a premium of ₹50 on the grey market. A "grey market premium" denotes the willingness of investors to pay more money than the issue price.

21.03 / 22:25

markets UPS IPO Platform Reddit Trade social Reddit shares end trading up 48% in market debut

By Niket Nishant and Echo Wang

21.03 / 19:55

markets UPS IPO CEO Reddit Trade recommendations Reddit IPO: Stock soars after making public market debut

Reddit soared in its Wall Street debut as investors pushed the valued of the company close to US$9 billion seconds after it began trading on the New York Stock Exchange.

21.03 / 19:27

markets COST UPS IPO Mobile President reports Ola Electric holds a battery secret on road to IPO

₹500 crore Electric Mobility Promotion Scheme (EMPS) 2024 to encourage the purchase of electric two- and three-wheelers, a measure expected to support companies including Ola Electric. However, despite EMPS extending subsidy benefits for four months, the quantum of subsidy per vehicle has been lowered, noted Rohan Kanwar Gupta, vice president, ICRA. "Accordingly, a reduction in the subsidy benefit is a short-term impediment and will impact demand/realizations to an extent.

21.03 / 18:21

markets IPO Platform Reddit Trade social Reddit stock surges 58% in a blockbuster IPO debut

Reddit has made its long-awaited market debut Thursday, surging to as much as $53.63, which is 58% higher than its $34 initial public offering (IPO) price.

21.03 / 17:16

markets IPO CEO Parke Trade President hospital Shake Shack names Papa John's CEO as its new leader in CEO shakeup

Shake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history

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