IPO Financial News

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market

Investing.com — Wall Street futures head higher after the Federal Reserve reaffirmed plans for three interest rate cuts this year. The Swiss National Bank became the first major central bank to cut interest rates, and more central banks are due. Reddit is set to start trading, having been priced at the top of its IPO range.

₹86 apiece of face value of ₹10 each. Vishwas Agri Seeds IPO lot size consists of 1,600 shares.

Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), people familiar with the matter told Bloomberg. Also Read | JSW Infrastructure acquires Shapoorji Pallonji Group’s stake in PNP port The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not to be identified because the details are private. Negotiations are ongoing and details of the lending could change, they told Bloomberg.

The IPO is entirely a fresh equity issue of 30 lakh shares worth Rs 26 crore.

₹75 to ₹81 per equity share of face value of ₹10 each. Yash Optics and Lens IPO will open for subscription on Wednesday, March 27, and close on Wednesday, April 3.

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market. The company said Wednesday that it had priced its IPO at $34 a share. Shares will begin trading today on the New York Stock Exchange under the ticker symbol «RDDT» in a market debut likely to spur a flurry of commentary on Reddit's own platform, as well as competing social media outlets.

₹785 per share, 9.79% higher than the issue price of ₹715. On BSE, Krystal Integrated Services share price today opened at ₹795 apiece, up 11.19% than the issue price.

₹72 to ₹76 per share. At the upper end of the price band, the company plans to raise ₹14.25 crore from the book-built issue which is entirely a fresh issue of 18.75 lakh equity share. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹121,600.

Nexus Venture Partners, is set to leave the venture capital firm to start his own investment fund, multiple people in the know told ET. Verma is in talks to launch a multi-sector, multi-stage fund that will dabble in public markets, along with taking a diversified approach towards early-stage investments, these people said.

Venture capital investors are increasingly demanding partial exits from late-stage startups as pressure to clock returns increases amid a slump in the technology market. Sizeable investment rounds of $50 million in the past year have included a significant secondary component that provides liquidity for existing investors, several industry executives said. Industry sources aware of the goings-on at mid-scale startups, who spoke to ET, said existing investors in such companies are demanding exits even at reduced valuations. A Bengaluru-based startup offering supply-chain solutions for retail businesses — last valued at around $300 million — is facing a significant cut in valuation along with ongoing discussions for secondary deals, according to one person cited above who said, “This is only one example and more such deals are currently structured that will play out in the coming months.”

Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion

Aspire & Innovative IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Aspire & Innovative Limited will open for subscription on March 26, 2024 and fixed the price band for the issue today. The company is involved in sales and doorstep delivery of consumer durables products to un-banked and underbanked customer segments through commercial agreements with non-banking financial companies (NBFCs) and micro finance institutions (MFIs). Also Read: Blue Pebble IPO: Here's date, price band, size and other key details Aspire & Innovative IPO Details: Aspire & Innovative Advertising Limited has established a price band of ₹51 to ₹54 per share for the upcoming IPO.

₹18.14 crores through the issuance of 10.80 lakh new shares. The company has established a price band of ₹159 to ₹168 per share for its upcoming small and medium enterprise (SME) IPO. The shares of Blue Pebble IPO is proposed to be listed on the NSE Emerge, with a projected listing date of Wednesday, April 3, 2024.

Considering the upper price band of Rs 715, the stock is expected to list with a marginal premium of 5%.

Pradip Kumar Das, Chairman and Managing Director of IREDA, highlighted the significant growth the organization has witnessed in the renewable energy sector over the past three years. He emphasized that while solar energy has been a major focus, with a substantial increase of 28 times, the loan portfolio in this sector has slightly decreased to 30% in the latest audited figures. Das also pointed out that IREDA is actively involved in new and emerging areas such as rooftop solar, excluding residential projects, along with exploring opportunities in alternative sources like CBG and ethanol. Considering India's agricultural economy, there is a promising scope for growth in these sectors. Looking ahead, IREDA is set to delve into areas like pump storage, green hydrogen, offshore wind, aiming to expand its portfolio in sustainable energy solutions. Every time I look at IREDA stock and everyone is like, oh my God, is it real? It went public at less than Rs 40 and then it went to as high as 170, actually Rs 200. So, are you pinching yourself? Pradip Kumar Das: First of all, we are a responsible Government of India organisation which is spearheading the renewable energy development in the country through financing which is the most crucial aspect, not only renewable, new and emerging sector.

Maruti Suzuki India, the country's largest automaker, surged to a historic high, crossing the ₹12,000 per share mark for the first time in today's trading session to set a new record high of ₹12,025 apiece by gaining 3.7%. This surge represents the fourth consecutive day of gains for the stock.

Enser Communications IPO allotment online on the website of IPO registrar. Enser Communications IPO registrar is Skyline Financial Services Private Ltd. The IPO allotment status shows the number of shares being allotted in the issue.

₹28,000 crore, reported CNBC-TV18 citing its sources. Bharti Hexacoms IPO size is expected to be about ₹4,300 crore, according CNBC-TV18 report.

₹100 to ₹106 per equity share of face value of ₹10 each. TAC Infosec IPO will open for subscription on Wednesday, March 27, and close on Tuesday, April 2.

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