IPO Financial News

06.03 / 18:35

markets IPO Action security Trade Small-caps sulk, but Sensex takes a leap beyond 74,000

MUMBAI : Bulls turned the tables on bears in the last hour and a half of trading on positive cues from the global markets, lifting benchmark indices to new closing highs on Wednesday. US futures indicated the Dow Jones may open in the green ahead of the Fed chair's appearance at the Congress, aiding markets in India. Interest rate cuts were likely “at some point this year", chairman Jerome Powell said in a prepared testimony released later, but made it clear the Fed is not ready yet.

06.03 / 15:39

markets UPS IPO Booking Enterprise band Shree Karni Fabcom IPO: Issue subscribed over 14.93 times on Day 1, check GMP, and other details

Shree Karni Fabcom IPO: Small and medium enterprise (SME) Shree Karni Fabcom initial public offerings (IPO) opened for subscription on March 6 and will on March 11. Shree Karni Fancom Limited produces customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. They specialize in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles.

06.03 / 15:39

markets IPO Booking Manufacturing Enterprise Trade band Koura Fine Diamond Jewelry IPO: Issue subscribed 26.9 times on first day; retail investors bid highest

Koura Fine Diamond Jewelry IPO: The initial public offer of small- and medium-sized enterprise (SME) Koura Fine Diamond Jewelry Limited received strong response from investors on the first day of subscription. Koura Fine Diamond Jewelry IPO opens for subscription on March 6, 2024 and closes on March 11, 2024. Koura Fine Diamond Jewelry IPO received positive response from both retail investors and non-institutional investors (NII) as both portions were fully subscribed on the first day.

06.03 / 12:07

markets UPS IPO Booking band performer JG Chemicals IPO: From financials to key risks, here are 10 things to know from RHP before subscribing

BSE data. JG Chemicals had raised ₹75.35 crore from anchor investors on Monday, March 4. Issue opened for subscription on Tuesday, March 5, and will close on Thursday, March 7.

06.03 / 09:31

UPS IPO CEO Action wellness Interviews Financial RBI on IIFL Finance, JM Financial: Actions to ensure ethical business practice, analysts say

IIFL Finance, JM Financial and even Paytm Payments Bank. The central bank on March 4 had imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues.

06.03 / 09:15

markets COST IPO Provident Booking Manufacturing security Solar cell and module manufacturer Premier Energies to enter primary market with Rs 2,000 crore public issue

About 70% of the issue size is anticipated to constitute a fresh fund-raising initiative aimed at securing growth capital for expansion purposes, with the remaining portion allocated for an offer for sale from existing shareholders.

06.03 / 08:57

UPS IPO Booking Manufacturing security band Sona Machinery IPO subscribed 22x on Day 2; Shree Karni Fabcom's issue booked 6x so far on Day 1

Sona Machinery was subscribed 22 times so far on the second day of the bidding process. The issue, which closes on March 7, is entirely a fresh equity sale of 36.24 lakh shares. The IPO is priced in the range of Rs 136-143 per share, where investors can bid for 1,000 shares in 1 lot.

06.03 / 08:37

IPO Booking WhatsApp JG Chemicals IPO: Issue oversubscribed on day 2 led by retail investors, NIIs; check GMP

BSE data. Also Read: JG Chemicals IPO oversubscribed: GMP, subscription status to review.

06.03 / 08:37

COST UPS IPO Target security Trade reports Financial Trading below IPO price, 3 brokerages initiate coverage on Fedbank Financial Services with ‘buy’, sees up to 47% upside

Federal Bank arm Fedbank Financial Services (FedFina) is currently trading below its IPO price of ₹140, three brokerages have initiated coverage on the NBFC stock with buy calls and sees an upside potential of up to 47 percent. Currently trading at ₹125, FedFina is down almost 11 percent from its issue price. The stock witnessed a weak debut and was listed on the bourses at ₹137.7 on November 30.

06.03 / 07:07

markets COST IPO Provident security wellness Cycling Power Sector: Is it heading towards another collapse? Bernstein answers

₹8.4 /kWh in April 2009 before plummeting, dragging down the entire sector including utilities, equipment providers, and financiers, it noted. The downfall of the last cycle can be attributed to various factors, primarily stemming from the initial phase of privatisation, stated Bernstein. Amidst a landscape dominated by government agencies and influenced by political agendas, the sector was buoyed by easy financing from banks and NBFCs, leading to its eventual collapse.

06.03 / 07:07

IPO Booking WhatsApp band Mukka Proteins IPO listing tomorrow: Here's what latest GMP, subscription status hint ahead of listing

demat accounts for those who have been allocated shares. For those who have not received their shares, the refund process will also take place today.

06.03 / 05:41

IPO Manufacturing WhatsApp band AVP classical Signoria Creation IPO: Price band, issue size, GMP, key details to know

₹61 to ₹65 apiece of face value of ₹10 each. Signoria Creation IPO will open for subscription on Tuesday, March 12, and close on Thursday, March 14.

06.03 / 05:41

IPO Provident Platform Bill band AVP AVP Infracon IPO price band set at ₹71-75 per share; check issue dates, other key details of SME IPO

₹71 to ₹75 per share. The company plans to raise ₹52.34 crore at the upper end of the price band from the book-built issue which is entirely a fresh issue of 69.79 lakh equity shares. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

06.03 / 03:27

markets UPS IPO band reports Schools Popular Vehicles and Services IPO: Price band set at ₹280-295 apiece, check issue details, key dates, more

₹280 to ₹295 per equity share of the face value of ₹2. The Popular Vehicles and Services IPO date of subscription is scheduled for Tuesday, March 12, and will close on Thursday, March 14. The allocation to anchor investors for the Popular Vehicles and Services IPO is scheduled to take place on Monday, March 11.

05.03 / 16:31

markets IPO Booking security BAY band information Gopal Snacks IPO: Rajkot-based company raises ₹194 crore from anchor investors

₹193.94 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, March 06, 2024. The company informed the bourses that it allocated 48,36,657 equity shares at ₹401 per share on Tuesday, March 05, 2024, to anchor investors.

05.03 / 16:11

markets UPS IPO Booking Manufacturing security band Sona Machinery IPO: Issue subscribed over 12.27 times on Day 1, check GMP and other details

₹14.76 crore from eight anchor investors on Monday, March 4. Also read: Sona Machinery IPO opens on March 5, price band fixed at ₹136-143 Sona Machinery is a diversified agro-processing equipment manufacturer with an extensive product range and caters to setting-up of Complete Rice Mill Projects as well as processing of other grains like pulses, wheat, spices, millet, etc. Its state-of-the-art portfolio encompasses grains pre-cleaner machines, rotary drum cleaners, vibro classifiers, stone separator machines, paddy de-huskers, husk aspirators, rice thick/thin graders, rice whiteners, silky polishers, optical sorters, multi graders, length graders, belt conveyors, bucket elevators, etc.

05.03 / 12:43

markets IPO Booking Action security information guidelines RBI bars JM Fin from doing any form of financing against shares & debentures after it finds 'serious deficiencies'

Reserve Bank of India on Wednesday barred JM Financial Products from doing any form of financing against shares and debentures after it found 'serious deficiencies' that are detrimental to the interest of the customers, during a review of its books. With immediate effect, JM Financial Products has been asked to cease and desist from doing any form of financing against shares and debentures. This includes sanctioning and disbursing loans against IPO of shares and subscription to debentures. RBI has allowed the company to service its existing loan accounts through the usual collection and recovery process.

05.03 / 12:43

markets IPO Target Strategy Enterprise reports Traffic Big Basket aims to turn profitable in 8 months; eyeing IPO in 2025

will turn profitable in another 6-8 months, once the newly launched 'BB Now' vertical starts making money, its co-founder and chief executive Hari Menon told reporters here. When asked about plans for an IPO, he said, «We will probably have it in 2025. But we are leaving it to the Tatas, there cannot be anybody better to guide us and advise us on that.»

05.03 / 11:45

UPS IPO Landmark security wellness Features Popular Vehicles to be India’s second listed auto dealership chain

NEW DELHI : Kerala-based auto dealership network Popular Vehicles is gearing up to become the second listed automotive dealer in India, following Landmark Cars’ ₹552 crore public share issue in December 2022. Popular Vehicles’ initial public offering, featuring an offer for sale by private equity firm BanyanTree Capital and a fresh issue of ₹250 crore, is set to open for subscription this month. BanyanTree holds a 34% stake in the company.

05.03 / 10:21

markets IPO Booking Manufacturing Sustainability band recommendations Retail investors take JG Chemicals IPO past full subscription on Day 1. Check GMP and other details

JG Chemicals, which opened for subscription earlier today, was fully booked so far on the first day of bidding. The retail portion of the issue was fully subscribed, while NII category followed closely with 93% subscription. There were no bids yet in the QIB category of the IPO, which closes on March 7.

05.03 / 09:21

markets UPS IPO Trade show reports If Tata Sons brings out IPO, which listed Tata stock will gain the most?

Tata Sons, the holding company of the Rs 30 lakh crore conglomerate, grows louder, investors have already started betting on Tata Chemicals which could be the biggest beneficiary of the mega IPO. Shares of Tata Chemicals rallied 8% to the day's high at Rs 1,084.80 on BSE on Tuesday. Classified as an upper-layer NBFC last year by RBI Tata Sons must list itself on stock exchanges by September 2025. It was last year reported that Tata Sons could be worth Rs 11 lakh crore and a 5% stake sale would lead to an IPO size of about Rs 55,000 crore.

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