IPO Activity

Visual Effects (VFX) firm Identical Brains Studios on Thursday said it is gearing up to raise Rs 20 crore through an initial public offering (IPO) on December 18. The announcement comes after NSE Emerge granted in-principle approval for the IPO earlier this month. The three-day public issue will conclude on December 20, the company announced. The Mumbai-headquartered company's public issue will comprise a fresh issuance of 36.94 lakh equity shares with a face value of Rs 10 each. Proceeds from the IPO will be utilized to expand and enhance the company's operations. This includes renovating the existing office and studio in Andheri, establishing a new branch office in Lucknow, and setting up a Color Grading Digital Intermediate (DI) and Sound Studio at a new branch office in Andheri. Additionally, the funds will be used to purchase essential equipment such as computers, storage systems, and software to upgrade existing facilities. The remaining portion of the proceeds will be alloc

Rekha Jhunjhunwala-backed Inventurus Knowledge Solutions (IKS) IPO, comprising an entirely offer for sale (OFS) of 18,795,510 equity shares, is available at a price band of Rs 1,265-Rs 1,329 per share

Here is a complete list of companies that have received Sebi's green signal for their IPOs, with observations still valid

IPO lock-in exit wave: NTPC Green, Waaree Energies, Hyundai Motor India, among 50 companies whose shares will go through the IPO lock-in exit period; check the full list here

The company's unlisted shares were trading flat in the grey market ahead of the subscription opening. As a result, the grey market premium (GMP) for the Suraksha Diagnostic IPO remains nil on Friday

Once the allotment is finalised, investors can check the status on the official websites of BSE, NSE, or Bigshare Services, the registrar for the issue

Enviro Infra Engineers IPO sees strong demand, oversubscribed 4.32 times on Day 2. Check the latest IPO subscription status and GMP updates

The highest demand for the NTPC Green Energy IPO came from retail investors, who oversubscribed their reserved category by 2.54 times, followed by QIBs at 0.75 times and NIIs at 0.38 times, as per NSE

Solar panel maker Saatvik Green Energy has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,150 crore through an initial public offering (IPO). The Haryana-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 850 crore and an offer for sale (OFS) of Rs 300 crore by promoters -- Parmod Kumar and Sunila Garg, according to the draft red herring prospectus (DRHP) filed on Monday. At present, promoters hold over 90 per cent stake in the company. Proceeds from the fresh issue to the tune of Rs 553 crore will be used for setting up a 4 GW solar PV module manufacturing facility in Odisha, Rs 96 crore for investment in its subsidiary Saatvik Solar Industries in the form of debt or equity for payment of borrowings, Rs 12.3 crore will be used to pay the company's debt and a portion will be used for general corporate purposes. As of June 2024, the company's total borrowing stood at Rs 256 crore. Saatvik Green Energy is a solar photovolta

As the IPO approaches, here are the key highlights from the C2C Advanced Systems' RHP that every investor should know

Tax implications on IPO gains depend on holding periods, with short-term gains taxed at 20% and long-term gains exceeding Rs 1.25 lakh taxed at 12.5%.

Swiggy IPO has been subscribed 0.73 times in the retail investor quota, 0.17 times by NIIs, and 0.14 times by QIBs

Shares of Deepak Builders & Engineers made a subdued debut on bourses on Monday. On the BSE, Deepak Builders shares listed at Rs 198.50

As investors await further details from ACME Solar Holdings, here are the key takeaways from the Draft Red Herring Prospectus (DRHP) that the company submitted to the market regulator

The state-owned Indian Renewable Energy Development Agency (IREDA) also featured prominently, securing the 7th spot with a 526.31 per cent return

Companies in the country have raised over $9 billion through IPOs this year, higher than the $7.42 billion raised in 2023, according to data compiled by LSEG

Hyundai Motor IPO will open on Tuesday, October 15. Ahead of the IPO Mirae Asset has listed some key risks

Our emphasis is on careful stock selection within sectors, rather than making significant overweight or underweight sector bets, Bhatia said

We have mastered the art of neutering the 'bear market villains' - speculation, inflation, war, disease - we have dealt with them all, Sharma said

Stock Market Today: Morgan Stanley and Citigroup have acquired 43.75 lakh shares of HDFC Bank for over Rs 755 crore at an average price of Rs 1,726.20 each.