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Paytm, Acko, Swiggy and Mintifi, is increasing its focus on the sector." In an interview, Elevation Capital partner Mridul Arora spoke about his fintech portfolio and upcoming IPOs, besides sharing Elevation’s overall fintech investment strategy. Edited excerpts: We are kind of done for this year. As a focused investor, we do usually 2-3 investments across sectors in a year, but it’s not a hard cap.

Instacart opened for trading Tuesday at $42, up 40% from their initial public offering price of $30. The performance signaled that investors are eager to take a chance on young tech companies — but only at the right price. Instacart's market capitalization, including all outstanding shares, totaled $13.9 billion. But even with the stock price pop, the company's valuation remained a far cry from the $39 billion that investors assigned it in the private market in 2021. It was a painful loss to investors who had bought in at that peak, sending a harsh reality check to other start-ups that raised money at inflated valuations.

Investing.com -- U.S. stock futures point higher to begin the new trading week, with markets preparing for a parade of key central bank policy meetings around the world. Traders will be keeping a particularly close eye on the U.S. Federal Reserve's two-day gathering, where policymakers are expected to lay out how they see inflation evolving over the remaining months of 2023. Elsewhere, the potential pricing of initial public offerings from tech groups Klaviyo and Instacart are in focus after chip designer Arm 's blockbuster debut.

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. Last week, two mainboard IPOs - Rishabh Instruments Limited and Ratnaveer Precision Engineering listed raising a total of ₹655.8 crore.

“Reflecting on the recent market dynamics, where small-cap and mid-caps have seen a dip in prices over the past week, these IPOs might not seem alluring to investors due to their relatively high valuations,” says Mahantesh Sabarad, independent market expert. Edited excerpts:ET Now: I want to discuss the L&T buyback that opens on Monday, 18th September. Given the recent surge in the price of L&T over the last month, the buyback price is now around 3200. How do you view L&T's momentum moving forward? Additionally, do you anticipate strong participation in this buyback tender?Mahantesh Sabarad: Firstly, a disclosure, I own L&T shares. But to address your question, if you consider the number of shares set for buyback and extinguishment, it's just about 2.2%. This, in my view, won't significantly alter the stock's overall fundamentals. Typically, post-buyback, one examines whether there will be a significant improvement in return on equity, as the base capital, the equity capital, diminishes. Since the equity capital reduction is likely just around 2.2%, it's not substantial enough for the ROE to improve merely because of the buyback. As for retail investor participation? Given the narrowing gap between the buyback price and the current market price, many investors might opt out of the buyback. However, I do anticipate that the company will complete the buyback with full subscription, even if the overall number of shares offered might decrease.

Out of the 105 SME IPOs that got listed on Dalal Street so far in the calendar year 2023, a majority 84 have given positive returns. This translates into a win rate of 80%, which means four out of every five SME IPOs made money. Out of them, 41 have turned multibaggers with the highest returns going up to 357%. The spectacular bull run is making many bluechip investors uneasy who are now tempted to shift a part of their portfolios to chart-busting minion stocks. Last week, Basilic Fly Studio IPO, received bids worth a whopping Rs 14,000 crore against its modest issue size of Rs 66 crore and this week Morgan Stanley picked a stake in Rs 43 crore SME IPO Chavda Infra.Jaw-dropping returns in SME IPOsKrishca Strapping Solutions IPO, which listed on May 26, has rallied 357% from IPO offer price.

Editor’s note (September 14th 2023): this story was updated on September 14th to take in Arm’s valuation and the date of its IPO. No matter how wild the party, it is a rare hangover that lingers into its second year. Yet after a record-smashing rave in 2021, investors in initial public offerings (IPOs) are still nursing sore heads. Over the course of a year-long binge, they ploughed some $600bn into stockmarket listings around the world in 2021, according to Dealogic, a data firm.

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’There was decline in IPO activities in 2022 and expected to have a jump of 30 per cent in IPO issuance in 2023.

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Sebi to raise funds through an IPO. In Sebi's parlance, a final observation letter is equivalent to approval. SAMHI Hotels had filed preliminary IPO papers with Sebi in March. The issue comprises a fresh equity of Rs 1,000 crore and an offer for sale (OFS) of 9 million shares by selling shareholders. Under the OFS, Blue Chandra Pte will offload 4.23 million shares, Goldman Sachs will sell up to 2.48 million units.

₹1,000 crore and an Offer For Sale (OFS) of 90 lakh equity shares by existing shareholders. ALSO READ: Rishabh Instruments IPO: Latest GMP, how to check allotment status online The OFS consists of the sale of 42.36 lakh equity shares by Blue Chandra Pte Ltd, up to 24.78 lakh equity shares by Goldman Sachs Investments Holdings (Asia) Ltd, up to 15.47 lakh equity shares by GTI Capital Alpha Pvt Ltd, and up to 7.39 lakh equity shares by International Finance Corporation. It is a partial exit by the existing shareholders to meet the listing regulations.

In the current week, IPOs of three companies including Ratnaveer Precision Engineering, Jupiter Life Line Hospitals, and EMS Ltd, will open for subscription.Ratnaveer Precision Engineering IPO, which opens on September 4 and closes on September 6, comprises a fresh equity issue of 1.38 crore shares and an offer for sale (OFS) of 30.4 lakh shares. The total mop-up through the issue will be Rs 165 crore. The company is a stainless steel product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes, and tubes.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week opens the market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription.

Will IPOs Be Back In 2023? MINT Detangle Explains ...

Reliance’s annual general meeting was held virtual... moreReliance’s annual general meeting was held virtually on Monday, August 28.

₹2,474 against the previous close of ₹2,469.95 and quickly rose 0.32 per cent to ₹2,477.75. However, the stock soon slipped into the red, falling 0.3 per cent. Around 9:50 am, the stock was up 0.19 per cent at ₹2,474.70 on BSE.

Bloomberg report citing the Chinese ministry of finance, the levy charged on stock trades will fall from 0.1% to 0.05% as of August 28. As per the report, China’s latest move is to “invigorate capital markets and boost investor confidence." The China Securities Regulatory Commission (CSRC) has cited recent market conditions as its rationale for slowing the pace of IPOs. According to the CSRC’s new rules, restrictions will be set on the frequency and size of refinancing for companies which continuously report financial losses and whose stock prices have fallen below IPO levels or net asset levels.

SME IPO will close this week. Primary market from 19 to 25 August has been quite fascinating, with three mainboard IPOs opened for raising a total of Rs 750 crore, said Mahavir Lunawat, Managing Director of Pantomath Capital Advisors. Mainboard IPO Aeroflex Industries received an enthusiastic response from the investors with subscription figures on the final close day reaching approximately 100 times of the base offer, said Lunawat. «Robust response for the fundamental companies in the primary market shows that retail and HNI’s investors have shown maturity for investing in the fundamentally strong companies in order to ride the Indian growth momentum,» Lunawat added. IPO amounting close to Rs 6000 crore is expected to open in the next weeks to keep the investors busy in action, Lunawat further stated. Main Board IPOsRishabh InstrumentThe initial public offer (IPO) of energy efficiency solutions company Rishabh Instruments will open for public subscription on August 30.

IPOs Next Week: The primary market witnessed some major listings in both main board and SME IPOs this month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees the end of August and the start of the new month, which is similarly packed with new listings and IPO issues, that are available for subscription.

IPO. The issue comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth shares.

Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.Aeroflex Industries The initial public offer (IPO) of Aeroflex Industries will open on August 22 and close on August 24. The anchor investors' subscription will be done on August 21. The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. Under the OFS, promoter SAT Industries will offload the 1.75 crore shares.