IPO Financial News

₹200 to ₹210 per equity share of the face value of ₹10. The issue will open for subscription on Tuesday, March 26, and will close on Thursday, March 28.

Sebi) has proposed that IPO bound companies should disclose details about the proposed issue, including the risks factors in an audiovisual presentation of not more than eight minute duration. The lead manager to the public issue should create the audiovisual in a bilingual version, English and Hindi. The total duration of the audiovisual would have to be equitably distributed among the material disclosures made under various sections of the public issue offer document such as risk factors, capital structure, objects of the offer, business of the issuer, financial information, litigations and material developments.

demat accounts of those whose application bids were accepted and have received the allotment today. Bidders whose application status has been rejected and not allotted any shares, will receive the refund of their application money today, March 20.

Mint, Sunil Gupta, cofounder and chief executive of Yotta, confirmed that the company will make an announcement on the matter “in the coming days", and that it will “dilute equity holdings" for the funding sequence. Gupta, however, neither confirmed nor denied if it plans for an initial public offering (IPO) in the coming days.

Noida-based Interarch Building Products Limited files DRHP with SEBI for IPO The Chatha Foods IPO was subscribed over 1.25 times on the first day of bidding. The SME IPO received 53,26,000 applications against 42,64,000 shares on March 19. The retail category was subscribed 1.40 times, meanwhile, QIB and NII portions were subscribed 0.87 and 1.36 times on the first day of bidding.

₹10 per equity share, is a mix of fresh issue of shares of up to ₹200 crore and an offer of sale of up to 4.45 million by the promoter group and investor-selling shareholders. The offer for sale consists of the sale of equity shares of up to 7.20 lakh by Arvind Nanda, up to 7.90 lakh shares by Gautam Suri, up to 5.40 lakh shares by Ishaan Suri, up to 6 lakh shares by Shobhna Suri, up to 1.80 million by OIH Mauritius Limited.

Life Insurance Corporation (LIC), India's largest life insurer, witnessed a further 2.80% decline in its share price during today's trading session, settling at ₹879.50 per share. This drop marks the stock's third consecutive decline, resulting in an accumulated decrease of nearly 8.2% over the past three days. The decline comes amidst the announcements of plans to increase wages by approximately 17% for its one lakh employees.

Popular Vehicles and Services — 2% over the issue price on Tuesday. Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.

Stock market today: Popular Vehicles share price today listed on BSE and NSE in a special pre-open session. Popular Vehicles share price today opened on BSE at ₹292 apiece whereas, on NSE, Popular Vehicles share price is listed at ₹289.20 per share. After the discounted listing of JG Chemicals IPO, RK Swamy IPO, and Gopal Snacks IPO, Popular Vehicles and Services IPO is the fourth straight mainboard IPO that is listed at a discounted price.

Signoria Creation debuted on the NSE SME platform with a premium of 101.54% on Tuesday. The stock listed at Rs 131 on NSE as against an issue price of Rs 65. Ahead of the listing, the company's shares traded with a premium of Rs 60 in the unlisted market.

Royal Sense debuted on the BSE SME platform with a premium of 90% on Tuesday. The stock listed at Rs 129.2 on BSE as against an issue price of Rs 68. Ahead of the listing, the company's shares traded with a premium of Rs 37 in the unlisted market.

Popular Vehicles and Services debuted on the exchanges with a discount of 2% on Tuesday. The stock listed at Rs 289.2 on NSE, compared to an offer price of Rs 295. Meanwhile, the stock listed at Rs 292, down 1% on BSE. Ahead of the listing, the company's shares had no premium in the unlisted market.

Krystal Integrated Services is likely to finalise the share allotment today. The issue was booked 12 times at close on strong interest from non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

Popular Vehicles IPO: The listing date of the initial public offering (IPO) of Popular Vehicles and Services Limited has been fixed on 19th March 2024 i.e. today. As per the information available on the BSE website, Popular Vehicles IPO will be listed on BSE and NSE in a special pre-open session on Tuesday, 19th March 2024.

Rekha Jhunjhunwala-backed Baazar Style Retail files DRHP with SEBI to raise funds via IPO The Enser Communications IPO was subscribed over 3.23 times on the second day of bidding. The SME IPO received 74,60,000 shares against offered 23,10,000 shares. On the second day of subscription, the retail portion received 58,54,000 share applications, meanwhile, QIB category remained unsubscribed.

(Reuters) — Occupational health services provider Concentra Group, a unit of healthcare company Select Medical (NYSE:SEM) Holdings, said on Monday it has confidentially filed for an initial public offering (IPO) in the United States.

Considering the upper price band of Rs 295, the stock is expected to see a flat or even a discounted listing, keeping in trend with the last few debuts, which were muted.

₹5 each, comprises a combination of a fresh issue amounting to up to ₹185 crore and an offer for sale of up to 16.88 million shares by the promoter group and other selling shareholders. Also read: Popular Vehicles and Services IPO to debut on the bourses tomorrow; here's what GMP indicates ahead of listing The offer for sale entails the sale of equity shares by various entities, including 2.72 million shares by Rekha Rakesh Jhunjhunwala, 2.24 million shares by Intensive Softshare Private Limited, 1.49 million shares by Intensive Finance Private Limited, and others such as Chandurkar Investments Private Limited, Subroto Trading & Finance Company Limited, Rajnish Gupta, Madhu Surana, Sabita Agarwal, Rekha Kedia, Shakuntala Devi, and D.K Surana HUF, each offering varying quantities of shares.

demat accounts for individuals who have been allotted shares will take place today, Monday, March 18. Today will also see the completion of the refund procedure for individuals who have not yet received their shares.

₹91 to ₹96 per equity share of the face value of ₹10 apiece. Investors of Enfuse Solutions IPO can bid for a minimum of 1,200 shares and in multiples thereof.

stock market transactions by government servants upon whom Central Civil Services (Conduct) Rules, 1964 are applicable. Rule 16 of Central Civil Services (Conduct) Rules states, «No Government servant shall speculate in any stock, share or other investment. Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorised and licensed or who have obtained a certificate of registration under the relevant law.» Also read: DA hiked to 50%: 6 things central government employees should know.