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Senco IPO price band at Rs 301-317 per share

Senco IPO price band at Rs 301-317 per share

Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors [...]

Avalon Technologies shares make muted market debut; open 1% lower

Avalon Technologies shares make muted market debut; open 1% lower

Shares of Avalon Technologies made a muted market debut on Tuesday, listing with a discount of over 1 per cent on the BSE, against the issue price of Rs 436. The stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 [...]

Avalon Technologies’ IPO gets subscribed 9% on second day of offer

Avalon Technologies’ IPO gets subscribed 9% on second day of offer

Avalon Technologies' initial share sale received a lukewarm response from investors, with the offer getting subscribed 9 per cent on the second day of subscription on Wednesday. The Initial Public Offering (IPO) received bids for 10.77 lakh equity shares against 1.14 crore shares on offer, according to the data available with the National Stock Exchange [...]

Global Surfaces shares debut on exchanges with over 17% premium

Global Surfaces shares debut on exchanges with over 17% premium

Shares of Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, made a smart debut on the exchanges on Thursday, listing with a premium of over 17 per cent against the issue price of Rs 140. The stock made its debut at Rs 163, higher by 16.42 per cent from the [...]

Udayshivakumar Infra IPO subscribed 5.15 times on Day 3

Udayshivakumar Infra IPO subscribed 5.15 times on Day 3

The initial share sale of Udayshivakumar Infra was subscribed 5.15 times on the third day of subscription on Wednesday. The offer received bids for 10,29,54,972 shares against 2 crore shares on offer, according to data available with the NSE. The quota for non-institutional investors was subscribed 8.47 times, while the category for Retail Individual Investors [...]

Divgi TorqTransfer Systems shares debut with 5% premium

Divgi TorqTransfer Systems shares debut with 5% premium

Divgi TorqTransfer Systems stock made its market debut with a 5 per cent premium on Tuesday against the issue price of Rs 590. The stock made its debut at Rs 620, up 5.08 per cent from the issue price on the NSE. On the BSE, it opened at Rs 600, a premium of 1.69 per [...]

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Senco Gold IPO subscribed 2.68 times on Day 2 of subscription

The Initial Public Offer (IPO) of jewellery retail player Senco Gold was subscribed 2.68 times on the second day of subscription on Wednesday. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer, as per an update on the NSE. The portion for Retail Individual Investors (RIIs) received 3.67 times subscription, [...]

Senco IPO price band at Rs 301-317 per share

Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors [...]

Avalon Technologies shares make muted market debut; open 1% lower

Shares of Avalon Technologies made a muted market debut on Tuesday, listing with a discount of over 1 per cent on the BSE, against the issue price of Rs 436. The stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 [...]

Avalon Technologies’ IPO gets subscribed 9% on second day of offer

Avalon Technologies' initial share sale received a lukewarm response from investors, with the offer getting subscribed 9 per cent on the second day of subscription on Wednesday. The Initial Public Offering (IPO) received bids for 10.77 lakh equity shares against 1.14 crore shares on offer, according to the data available with the National Stock Exchange [...]

Global Surfaces shares debut on exchanges with over 17% premium

Shares of Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, made a smart debut on the exchanges on Thursday, listing with a premium of over 17 per cent against the issue price of Rs 140. The stock made its debut at Rs 163, higher by 16.42 per cent from the [...]

Udayshivakumar Infra IPO subscribed 5.15 times on Day 3

The initial share sale of Udayshivakumar Infra was subscribed 5.15 times on the third day of subscription on Wednesday. The offer received bids for 10,29,54,972 shares against 2 crore shares on offer, according to data available with the NSE. The quota for non-institutional investors was subscribed 8.47 times, while the category for Retail Individual Investors [...]

Divgi TorqTransfer Systems shares debut with 5% premium

Divgi TorqTransfer Systems stock made its market debut with a 5 per cent premium on Tuesday against the issue price of Rs 590. The stock made its debut at Rs 620, up 5.08 per cent from the issue price on the NSE. On the BSE, it opened at Rs 600, a premium of 1.69 per [...]

Global Surfaces IPO receives 42% subscription on Day 1

The initial share sale of Global Surfaces Ltd got subscribed 42 per cent on the first day of subscription on Monday. The initial public offering (IPO) received bids for 32.75 lakh shares against 77.49 lakh shares on offer, according to NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 60 per cent while [...]

Global Surfaces sets IPO price band at Rs 133-140 per share

Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, on Friday said it has set a price band of Rs 133-140 a share for its Initial Public Offering (IPO). The initial share sale, which opens for subscription on March 13, will close on March 15, the company said in a statement. [...]

Divgi TorqTransfer Systems sets IPO price band at Rs 560-590/share

Automotive component manufacturer Divgi TorqTransfer Systems on Monday said it has fixed a price band of Rs 560-590 a share for its Rs 412-crore initial public offering (IPO). The initial share-sale will be open for public subscription during March 1-3. The bidding for anchor investors will open on February 28. The IPO comprises fresh issue [...]

Sah Polymers shares debut with nearly 31% premium

Shares of Sah Polymers on Thursday listed with a premium of nearly 31 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. It further rallied 36.92 per cent to [...]

Radiant Cash Management shares debut with 10% premium

Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, [...]

Sah Polymers IPO subscribed 2.37 times on day two of offer

The Initial Public Offer (IPO) of Sah Polymers was subscribed 2.37 times on the second day of subscription on Monday. The IPO received bids for 1,33,06,420 shares against 56,10,000 shares on offer, according to NSE data. The category meant for Retail Individual Investors (RIIs) was subscribed 7.46 times, while the portion for non-institutional investors received [...]

KFin Technologies shares make tepid market debut; list on flat note

Shares of KFin Technologies made a muted market debut on Thursday and listed on a flat note. The stock made its debut at Rs 369, higher by just 0.81 per cent, against the issue price of Rs 366 on the BSE. It later hit a high of Rs 369.40 and a low of Rs 352.65. [...]

Radiant Cash Management Services IPO subscribed 11% on day two

The initial public offer of Radiant Cash Management Services was subscribed 11 per cent on the second day of subscription on Monday. The initial share-sale received bids for 29,76,450 shares against 2,74,29,925 shares on offer, as per NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 16 per cent, while the portion [...]

Landmark Cars shares debut nearly 7% lower

Shares of automobile dealership chain Landmark Cars made a weak market debut on Friday, listing nearly 7 per cent lower against the issue price of Rs 506. The stock listed at Rs 471.30, a discount of 6.85 per cent on the BSE. It further dipped 11.76 per cent to Rs 446.45. At the NSE, the [...]

Fintech player Zaggle files IPO papers with Sebi to mobilise funds via IPO

Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The IPO (initial public offering) comprises fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors and other [...]

IRM Energy files draft papers with Sebi; eyes up to Rs 700-cr via IPO

City gas distribution company IRM Energy Ltd has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 700 crore through an initial public offering (IPO). The IPO is a fresh issue of up to 1.01 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The Ahmedabad-based [...]

KFin Technologies IPO to open on Dec 19; sets IPO price band at Rs 347-366/share

Financial services platform KFin Technologies on Wednesday said it has fixed a price band of Rs 347-366 a share for its Rs 1,500-crore initial share sale, which will open for public subscription on December 19. The three-day initial public offering will conclude on December 21, and the bidding for anchor investors will take place on [...]

Dharmaj Crop Guard shares debut with 12% premium

Dharmaj Crop Guard made its market debut with a 12 per cent premium on Thursday against the issue price of Rs 237. The stock made its debut at Rs 266.05, a jump of 12.26 per cent from the issue price on the NSE. Later it zoomed 17.11 per cent to Rs 277.55. On the BSE, [...]

Bikaji Foods IPO subscribed 26.67 times on last day of offer

The initial public offering of Bikaji Foods International was subscribed 26.67 times on Monday, the last day of subscription. The Rs 881.22-crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per data available with the NSE. The quota meant for Qualified Institutional Buyers (QIBs) received 80.63 times subscription, while the non-institutional [...]

Inox Green IPO to open on Nov 11; sets price band at Rs 61-65 per share

Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 11 and conclude on November 15, and the bidding for anchor investors will open on November 10, the [...]

Fusion Microfinance IPO to open on Nov 2

The initial share sale of microlender Fusion Microfinance, backed by global private equity major Warburg Pincus, will open for public subscription on November 2. The initial public offering (IPO) will conclude on November 4. The bidding for anchor investors will open on November 1, according to the red herring prospectus (RHP). The IPO comprises fresh [...]

Tracxn Tech shares climb nearly 6% in debut trade

Shares of Tracxn Technologies climbed nearly 6 per cent in debut trade on Thursday against the issue price of Rs 80. The stock made its debut at Rs 83, registering a rise of 3.75 per cent against the issue price on BSE. It further climbed 23.68 per cent to Rs 98.45. At the NSE, it [...]

Electronics Mart shares rise nearly 53% in stock market debut

Shares of consumer durables retail chain Electronics Mart India on Monday made a strong market debut, climbing nearly 53 per cent against the issue price of Rs 59. The scrip made its debut at Rs 89.40, registering a jump of 51.52 per cent on the BSE. At the NSE, it listed at Rs 90, rallying [...]

Airox Technologies files Rs 750 cr IPO papers with Sebi

Medical equipment manufacturer Airox Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) of equity shares by promoters -- Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal, according to the draft red herring prospectus (DRHP). Under the [...]

Electronics Mart India IPO to open on Oct 4; sets price band at Rs 56-59/share

Consumer durables retail chain Electronics Mart India Ltd on Wednesday said it has fixed a price band of Rs 56-59 a share for its Rs 500 crore initial public offering (IPO). The initial share-sale will open for public subscription on October 4 and close on October 7, the company said in a statement. The IPO [...]

Harsha Engineers shares debut with 36% premium

Shares of Harsha Engineers International Ltd on Monday listed with a premium of more than 36 per cent against the issue price of Rs 330 apiece. The company's shares made their debut at Rs 444, reflecting a jump of 34.54 per cent against the issue price on the BSE. It later rallied 46.87 per cent [...]

OYO reports revenue at Rs 1,459 crore in April-June

Hospitality and travel-tech firm OYO has reported a revenue of Rs 1,459.32 crore in the three-month period ended June 30, 2022, according to a regulatory filing. The IPO-bound company, which had last year in October filed preliminary papers with Sebi to raise Rs 8,430 crore through an initial share sale, also posted an "adjusted EBITDA" [...]

Harsha Engineers IPO fully subscribed on day one

The initial public offer of Harsha Engineers IPO got fully subscribed on the first day of subscription on Wednesday. The public offer received bids for 3,24,61,830 shares as against 1,68,63,795 shares on offer, translating into 1.92 times subscription, according to data available with the NSE till 1734 hrs. Retail individual investors' category received 2.28 times [...]

Tamilnad Mercantile Bank IPO fully subscribed

The initial public offer of Tamilnad Mercantile Bank got fully subscribed in morning trade on Tuesday, the day two of subscription. The Rs 831.6-crore public offer received bids for 88,32,292 shares, against 87,12,000 shares on offer, according to an update available with the NSE till 10:51 am. Retail Individual Investors (RIIs) category received 2.15 times [...]

Pharmaceutical ingredients maker Blue Jet Healthcare files IPO papers with SEBI

Pharmaceutical ingredients maker Blue Jet Healthcare has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is completely an offer-for-sale (OFS) of up to 21,683,178 equity shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora --, according to the draft red herring prospectus [...]

Prasol Chemicals gets Sebi’s nod to raise Rs 800 crore via IPO

Specialty chemical company Prasol Chemicals has received capital markets regulator Sebi's go-ahead to raise as much as Rs 800 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an Offer-For-Sale (OFS) of up to 90 lakh equity shares by existing shareholders, according [...]

Syrma SGS Technology shares jump over 42% in debut trade

Syrma SGS Technology shares ended with over 42 per cent premium in the debut trade on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. During the day, it zoomed 42.90 per cent to Rs [...]

Syrma SGS Technology shares debut with 19% premium

Syrma SGS Technology stock made its market debut with a 19 per cent premium on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. Later, it zoomed 33.18 per cent to Rs 293. At the [...]

DreamFolks Services IPO receives 6 times subscription on Day 2 of offer

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the [...]

Syrma SGS Tech IPO subscribed 32.61 times on final day

The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday. The Rs 840 crore-IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 87.56 times subscription, non institutional investors was subscribed 17.50 times [...]

Vikram Solar gets Sebi nod to mop up funds via IPO

Vikram Solar has received capital markets regulator Sebi's go ahead to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 1,500 crore and an Offer-for-Sale (OFS) of up to 50 lakh equity shares by the selling shareholders. Vikram Solar, which filed preliminary IPO papers with [...]

Rare Enterprises backed Concord Biotech files IPO papers with Sebi

Rare Enterprises-backed Concord Biotech has filed draft papers with capital markets regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is entirely an offer for sale of (OFS) of 2,09,25,652 equity shares by Helix Investment Holdings Pte Limited, which is backed by private equity firm Quadria Capital, according to the [...]

Balaji Solutions files draft papers with Sebi to raise funds via IPO

IT hardware and mobile accessories firm Balaji Solutions has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares worth up to Rs 120 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by [...]

Avalon Technologies files Rs 1,025 cr IPO papers with Sebi

Electronic manufacturing services firm Avalon Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,025 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders, [...]

Fincare Small Finance Bank refile draft IPO papers with Sebi

Fincare Small Finance Bank has refiled preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). This fresh filing comes as the capital markets regulator's one-year approval given to the lender to launch an IPO expired last month. Under the rules, a firm gets one year to hit the primary market after [...]

28 cos secure Sebi clearance to float IPOs worth Rs 45,000 cr in FY23

Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]

Utkarsh Small Finance Bank files fresh draft papers; cuts IPO size

Utkarsh Small Finance Bank has refiled preliminary papers with capital market regulator Sebi and reduced its initial public offering (IPO) size to Rs 500 crore from Rs 1,350 crore planned earlier. The company filed the paper afresh as the regulator's one-year approval given to the Varanasi-headquartered small finance bank (SFB) to launch IPO expired last [...]

Realty firm Signature Global files Rs 1,000 cr IPO papers with Sebi

Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore, according [...]

GSP Crop Science plans Rs 500 crore IPO next year

Agro-chemical firm GSP Crop Science Pvt Lt is looking to launch a Rs 500-crore IPO (Initial Public Offering) by next year, according to its managing director Bhavesh Shah. The company, which needs funds for expansion of its business operation, plans to soon file a draft red herring prospectus with capital markets regulator Sebi, he said. [...]

Startup funding declines 40% in April-June: PwC report

Geo-political instability appears to be taking a toll on the Indian startups with the total funding declining by 40 per cent to USD 6.8 billion in the April-June quarter, reveals a PwC India report. The early-stage deals comprised more than 60 per cent of the total with an average ticket size of USD 5 million, [...]

Concord Enviro Systems files IPO draft papers with Sebi

Concord Enviro Systems, an environmental engineering solutions firm, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 35,69,180 equity shares by promoters and an investor, according to the draft red herring [...]

Pharma company Innova Captab files IPO papers with Sebi

Pharmaceutical company Innova Captab Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders, according to the [...]

IPO Market: Mega wealth destroying IPOs of 2022

Referring to IPOs, Warren Buffet said, “You don't want to get into a stupid game just because it's available,” at the Annual Meeting of Berkshire Hathaway in 2016. The prospects of earning multi-bagger returns are tempting. IPOs attract multifold subscriptions during their bidding period. Despite all the fanfare, many have been wealth destroyers for the [...]

Deltatech Gaming files Rs 550 cr IPO papers with Sebi

Deltatech Gaming Ltd, a digitally native, technology-led gaming platform, has filed preliminary papers with the markets regulator Sebi to raise Rs 550 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter -- Delta [...]

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday. The digital payment company is seeking a valuation of USD 8-10 billion, they added. According [...]

Foxconn Bharat FIH gets Sebi nod to float Rs 5,000 cr IPO

Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received capital markets regulator Sebi's go ahead to raise Rs 5,000 crore through an Initial Public Offering (IPO). The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to [...]

Tamilnad Mercantile Bank gets nod from Sebi to float IPO

Private sector lender Tamilnad Mercantile Bank has received capital markets regulator Sebi's go ahead to mop-up funds through an initial share sale. The Initial Public Offer (IPO) comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders, according to the Draft Red Herring [...]

eMudhra shares debut with nearly 6% premium

Shares of digital signature certificate provider eMudhra Ltd on Wednesday listed with a premium of nearly 6 per cent against the issue price of Rs 256. The stock made its debut at Rs 271, registering a gain of 5.85 per cent over the issue price on the BSE. It later jumped 8.98 per cent to [...]

PayMate India files IPO papers with Sebi to raise Rs 1,500 cr

Leading B2B payments and services provider PayMate India has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares worth Rs 1,125 crore and Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according [...]

Ethos shares list with 6% discount to issue price

Shares of luxury and premium watch retail player Ethos Ltd on Monday listed with a discount of 6 per cent against the issue price of Rs 878. The stock made its debut at Rs 830, registering a decline of 5.46 per cent from the issue price on the BSE. It further tumbled 9.24 per cent [...]

Paradeep Phosphates shares gain nearly 5% on debut

Shares of Paradeep Phosphates on Friday made a tepid market debut with a nearly 5 per cent gain against its issue price of Rs 42. The stock was listed at Rs 43.55, a jump of 3.69 per cent against the issue price, on the BSE. At the NSE, it made its debut at Rs 44, [...]

Aether Industries IPO subscribed 6.26 times on final day of offer

The initial public offer of speciality chemicals company Aether Industries was subscribed 6.26 times on the final day of subscription on Thursday, helped by a strong interest from institutional buyers. The initial share sale received bids for 5,85,34,586 shares against 93,56,193 shares on offer, according to the NSE data. The portion meant for qualified institutional [...]

Aether Industries IPO gets 49% subscription on second day of offer

The initial public offer of speciality chemicals company Aether Industries was subscribed 49 per cent on the second day of subscription on Wednesday. The IPO received bids for 45,68,996 shares against 93,56,193 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 67 per cent, Qualified Institutional Buyers (QIBs) [...]

eMudhra IPO gets 2.72 times subscription on final day of offer

The initial public offer of digital signature certificate provider eMudhra was subscribed 2.72 times on the last day of subscription on Tuesday. The Rs 412.79 crore-IPO got bids for 3,09,02,516 shares against 1,13,64,784 shares on offer, according to NSE data. The portion meant for Qualified Institutional Buyers (QIBs) received 4.05 times subscription, while the category [...]

Venus Pipes shares rise over 3.5% in debut trade

Shares of Venus Pipes & Tubes on Tuesday opened for trade on bourses with a gain of over 3.5 per cent against the issue price of Rs 332. The stock listed at Rs 335, a rise of 2.76 per cent, on the BSE. It further gained 7.89 per cent to Rs 351.75. At the NSE, [...]

Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors

Speciality chemicals company Aether Industries on Monday said it has raised a little over Rs 240 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Tuesday. The company has allocated a total of 37,42,495 equity shares to anchor investors at Rs 642 apiece, taking the transaction size to Rs [...]

Sebi slaps Rs 50 lakh fine on individual for fraud in IPOs

Markets regulator Sebi on Monday imposed a fine of Rs 50 lakh on an individual for indulging in fraudulent trading activities as a "conduit' with respect to initial share sales of two companies more than a decade ago. The companies -- IDFC Ltd and Sasken Communications Ltd -- had come out with their respective Initial [...]

Ethos IPO gets fully subscribed on last day of offer

The initial public offer of luxury and premium watch retail player Ethos got fully subscribed on the last day of subscription on Friday. According to NSE data, the Rs 472.3 crore IPO received bids for 41,38,650 shares against 39,79,957 shares on offer, translating into 1.04 times subscription. The portion for non-institutional investors received 1.48 times [...]

Luxury watch player Ethos IPO gets 44% subscription on second day

Luxury and premium watch retail player Ethos' initial public offer got subscribed 44 per cent on the second day of subscription on Thursday. The Initial Public Offer (IPO) got bids for 17,61,557 shares against 39,79,957 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 68 per cent, non-institutional [...]

Paradeep Phosphates IPO subscribed 1.75 times on last day of subscription

The initial public offer of Paradeep Phosphates was subscribed 1.75 times on the last day of subscription on Thursday. The IPO received bids for 47,02,00,150 shares against 26,86,76,858 shares on offer, according to NSE data. The portion meant for qualified institutional buyers got subscribed 3.01 times, retail individual investors 1.37 times and non institutional investors [...]

Speciality chemicals company Aether Industries IPO to open on May 24

The initial share sale of speciality chemicals company Aether Industries will open for public subscription on May 24. According to the Red Herring Prospectus (RHP), the three-day Initial Public Offering (IPO) will conclude on May 26. The bidding for anchor investors will open on May 23. The company has cut the size of the fresh [...]

LIC lists at 8.11% discount at Rs 872 per share on NSE

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]

IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of 10,72,66,532 equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to [...]

Venus Pipes IPO subscribed 2.37 times on first day of offer

The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day. The category meant for Retail Individual Investors (RIIs) received 4.10 times subscription, while the portion for non-institutional investors got subscribed fully and Qualified Institutional [...]

Venus Pipes IPO fully subscribed within first few hours of opening

The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening for subscription on Wednesday. The Rs 165.41-crore IPO received bids for 51,67,502 shares against 35,51,914 shares on offer, translating into 1.45 times subscription, according to NSE data till 13:03 hours. The category meant for Retail Individual [...]

LIC IPO subscribed nearly 3 times; govt raises Rs 21,000 cr

Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. The Qualified Institutional Buyers (QIBs) category [...]

Campus Activewear shares jump nearly 30% in debut trade

Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday and jumped nearly 30 per cent against the issue price of Rs 292. The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE. During the day, it zoomed 43 per [...]

LIC IPO: QIB portion fully subscribed on last day, Overall subscription at little over 2 times

Shares reserved for Qualified Institutional Buyers (QIB), including banks and mutual funds in the LIC's public offer were subscribed fully on Monday morning, taking the overall subscription of the issue to a little over 2 times. Against 3,95,31,236 reserved, 4,61,62,185 bids were received, reflecting a subscription of 1.17 times, according to data posted on stock [...]

Campus Activewear shares debut with over 23% premium

Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday, jumping over 23 per cent, against the issue price of Rs 292. The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE. It further zoomed 26 per cent to Rs [...]

LIC IPO’s NII portion fully subscribed on Day 4; offer closes on Monday

New Delhi, May 7 (PTI) Shares reserved for non-institutional investors, including high networth individuals, in the LIC's public offer were subscribed fully on the fourth day on Saturday, taking the overall subscription of the issue to 1.66 times. A total of 3,21,59,055 bids were received for 2,96,48,427 shares reserved for NIIs, reflecting a subscription of [...]

Indian Bank unveils digital broking solution

Chennai, May 7 (PTI) Public sector Indian Bank has unveiled digital broking solution -- E-Broking -- allowing customers to open a demat and trading account facility, in line with the digitalisation mission of the bank, an official said on Saturday. The launch of digital broking solution 'E-Broking' was a strategic step towards complete digitalisation of [...]

Bank officers union objects to opening of branches on Sunday for LIC IPO subscription

New Delhi, May 6 (PTI) Bank officers union AIBOC has objected to the RBI's decision to open ASBA-designated branches on Sunday to facilitate subscription to the public offer of LIC, saying it will serve no purpose as most of the applications are filed digitally. Most of the branches are ASBA (Application Supported by Blocked Amount) [...]

RBI gives no-objection for merger of Equitas SFB, Equitas Holdings

New Delhi, May 6 (PTI) Equitas Small Finance Bank and the parent Equitas Holdings Ltd on Friday said that the Reserve Bank of India has given its no-objection to their proposal of amalgamation, subject to conditions. "We would like to inform that RBI in its letter dated May 6, 2022 has conveyed its no-objection to [...]

LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday

New Delhi, May 6 (PTI) LIC's public offer, the country's biggest-ever IPO, witnessed full subscription of the retail portion on day three on Friday. The overall issue was subscribed 1.38 times, according to data posted on stock exchanges on 7 pm. Against 16,20,78,067 shares on offer, 22,36,98,915 bids were received. However, the Qualified Institutional Buyer [...]

Frequently Asked Questions

1. What is an IPO?

IPO is nothing but Initial Public Offering. When a company gets listed on the stock exchange for the first time it issues a public offering where retail investors, QIB’s etc can participate and pick u some share of the company.

2. What type of News will you get on IPO News?

IPO News on Trade Brains News will provide you with news relating to companies who have filed for an IPO, companies that are getting listed, IPO’s debut prices, IPO’s Grey market premium and more so that before applying for the IPO get all the information you need 

3. What is DHRP?

The DRHP document acts as a source of information so that investors can get insights as to why they should even consider investing in the company IPO. The DRHP includes important information about the company, its business, the industry it is in, current shareholders, and its financials among various other important information which is otherwise not available to the public.