The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.
The subscription for Sahaj Solar IPO closes on July 15, 2024. The price band for Sahaj Solar IPO is fixed at Rs 171 to Rs 180 per share
The stock listed at Rs 356, a 39 per cent premium over its issue price of Rs 256 per share on the National Stock Exchange NSE on Wednesday.
Stock Market Highlights on July 09, 2024: The benchmarks Nifty, and Sensex indices hit record highs in intraday trade
Vraj Iron and Steel listed at Rs 240 apiece on both the BSE and NSE, marking a premium of 15.94 per cent over its IPO price of Rs 207 per share
Stock Market Highlights on Tuesday, June 25, 2024: The m-cap of all the companies listed on the BSE stood at Rs 436 trillion at the end of the session
Stock Market Highlights on Monday, June 24: Sectorally, the Nifty Media index fell 1.8 per cent, followed by the Nifty Metal, and PSU Bank indices (down 0.6 per cent each)
If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea
Set up in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, operates as a travel distribution platform
The Initial Public Offering (IPO) of BLS E-Services Ltd was fully subscribed within minutes of opening for subscription on Tuesday. The Rs 311-crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into 4.26 times subscription, as per NSE data till 11:57 hours. The quota for Retail Individual Investors (RIIs) fetched 14.21 times subscription, while the category for non-institutional investors got subscribed 4.71 times. The portion for Qualified Institutional Buyers (QIBs) received 2.04 times subscription. The initial public offering has a fresh issue of up to 2,30,30,000 equity shares. It has a price range of Rs 129-135 a share. BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors. The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others. The money will also be used to fund initiatives f
Mankind Pharma IPO GMP: According to reports, the IPO is commanding a great market premium of Rs 80 per share today
After the Paytm's IPO fiasco, Sebi has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus (DRHP) with certain updates. Apart from OYO, the firms whose draft papers have been returned by the regulator are -- Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group; home-grown mobile maker Lava International; B2B payments and services provider Paymate India; Fincare Small Finance Bank India and integrated services company BVG India, according to an analysis of data with Sebi . The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10). Together, these companies were hoping to raise at least
Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr
Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode
Volatility in the secondary market against the backdrop of US Fed rate hike and global crisis made IPOs of LIC and Delhivery trim their sizes. Will more companies follow suit in the choppy markets?
Profitability may 'remain elusive for a long time', says brokerage about digital payments company.
Laxmi Goldorna House Ltd, Nirmitee Robotics India Ltd, Billwin Industries Ltd and DJ Mediapoint & Logistics Ltd came out with their IPOs during the June quarter
Last month, Sebi decided to extend the validity by six-month for IPOs whose validity expire between March 1 and September 30.
After filing for an IPO, companies are allowed to revise their valuations by up to 20 per cent from initial expectations