Indian primary markets are set to remain buzzing with several public offerings next week. Here are the full details of the upcoming IPO activities scheduled for the week
Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors
CIEL HR Services Ltd, which provides technology-driven human resources solutions, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Tuesday. At present, promoters and promoter group entities hold 87 per cent stake in the company. Besides, the company may consider raising Rs 67 crore through a pre-IPO placement. If this is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue will be used for acquisition of additional shareholding in subsidiaries -- Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics and Thomas Assessments -- funding incremental working capital requirements of the company, unidentified inorgani
ACME Solar shares opened lower on bourses at Rs 259 on BSE lower than Street's expectations
Sagility India shares listed at Rs 31 on the BSE, reflecting a premium of 3.53 per cent against the IPO allotment price of Rs 30
Primary markets remain buzzing with several public offerings. Here are the full details of the upcoming IPO activities for next week:
After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed
The company received final approval from the Securities and Exchange Board of India (Sebi) after re-filing its IPO documents on August 20, 2024
While the market closely eyes the US presidential elections, corporate earnings and macroeconomic data will also be on radar
The Gurugram-based company's IPO is a combination of a fresh issue of shares worth Rs 2,395 crore and an offer for sale (OFS) of shares valued at Rs 505 crore by ACME Cleantech Solutions
Investors will closely watch the developments in the US with respect to elections and interest rate cuts this week
Beginning with the listing of Afcons Infrastructure on Monday, November 4, the upcoming week promises to be equally exciting for investors
Sagility India Ltd, a technology-enabled services provider in the healthcare space, on Wednesday said it has fixed a price band of Rs 28-30 per share for its Rs 2,107 crore initial public offering (IPO). The initial share-sale will open for public subscription on November 5 and conclude on November 7, the company announced. The Bengaluru-based company's proposed IPO is entirely an offer for sale (OFS) of 70.22 crore shares, by promoter Sagility B V, worth Rs 2,106.60 crore at the upper end of the price band. The offer includes a reservation for subscription by eligible employees. Since it is an OFS, the company will not receive any proceeds from the public issue, and the entire fund will go to the selling shareholders. The objective of the initial share-sale is to gain the advantages of listing the equity shares on stock exchanges, the company stated. Additionally, the company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity
BFSI-focused SaaS firm Virtual Galaxy Infotech Ltd on Wednesday said it has filed draft papers with NSE Emerge to raise funds through an Initial Public Offering (IPO). The Nagpur-headquartered company's IPO comprises a fresh issue of 66 lakh equity shares with a face value of Rs 10 each, according to a statement. Proceeds from the issue worth Rs 34.26 crore will be used for setting up additional development facilities in Nagpur, Rs 18.9 crore for funding expenditure related to enhancement, maintenance and upgrading existing products, Rs 14.06 crore for funding business development and marketing activities. Additionally, Rs 5.05 crore will be utilised for procuring GPU, server & storage system at the data centre, Rs 3 crore for payment of debt and the remaining capital will be used for general corporate purposes. In July, the company raised Rs 21.44 crore in a pre-IPO funding round from the marquee investors. VGIL is a SaaS product-focused company engaged in providing core banking
Shares of Deepak Builders & Engineers India Ltd and Waaree Energies Ltd will list on the bourses today
The state-owned Indian Renewable Energy Development Agency (IREDA) also featured prominently, securing the 7th spot with a 526.31 per cent return
Sensex fell below the 81,000 mark. NSE Nifty slipped below 25,000 in trade
Capitalmind studied the top 30 IPOs by offer size and the returns an investor buying at the IPO price and holding would have made compared with the CNX500 index. This includes the impact of dividends
If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing
If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing