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Latest News on Upcoming IPO’s
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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 [...]
Top Latest News on IPO
Tega Industries shares zoom over 60 pc in debut trade
New Delhi, Dec 13 (PTI) Shares of Tega Industries Ltd, manufacturer of consumables for the mining industry, on Monday listed with a huge premium and settled over 60 per cent higher against its issue price of Rs 453.It debuted at Rs 753, reflecting a premium of 66.22 per cent from the issue price on BSE. [...]
Nupur Recyclers IPO subscribed fully on Day 1
New Delhi, Dec 13 (PTI) The initial public offering (IPO) of Nupur Recyclers was fully subscribed on the first day of the issue on Monday. The public issue reported strong demand from non-institutional investors as well as retail individual investors (RIIs), who oversubscribed the shares, the company said in a statement. Nupur Recyclers is looking [...]
Nandan Terry files Rs 255-cr IPO papers with Sebi
New Delhi, Dec 13 (PTI) Nandan Terry, part of the Chiripal group, has filed preliminary documents with markets regulator Sebi to raise Rs 255 crore through an initial public offering (IPO). The proceeds of the public issue will be used for payment of debt, for funding working capital requirements and general corporate proposes, according to the [...]
Supriya Lifescience IPO to open on Dec 16; sets price band at Rs 265-274/share
New Delhi, Dec 13 (PTI) Supriya Lifescience Ltd has fixed a price band of Rs 265-274 apiece for its Rs 700-crore initial share-sale, which will open for public subscription on December 16. The three-day initial public offering (IPO) will conclude on December 20. The bidding for anchor investors will open on December 15, according to [...]
Fino Payments Bank eyes 30-35 pc revenue growth over long term: MD Rishi Gupta
New Delhi, Dec 12 (PTI) The recently listed Fino Payments Bank has witnessed good growth across key parameters during the first half of the current fiscal year and is expecting to grow at about 30-35 per cent in terms of revenue on a long-term basis, its managing director and CEO Rishi Gupta said. Fino Payments [...]
MedPlus Health raises Rs 418 cr from anchor investors ahead of IPO
New Delhi, Dec 10 (PTI) Pharmacy retail chain MedPlus Health Services on Friday said it has mobilised Rs 418 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday.The company has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiece, aggregating to Rs 417.98 crore, [...]
Shriram Properties IPO gets 4.60 times subscription on last day of offer
New Delhi, Dec 10 (PTI) Shriram Properties' initial share sale got subscribed 4.60 times on the final day of the offering on Friday and the retail investors category was subscribed more than 12 times. The price band for the offer was Rs 113-118 per share. According to data available with the BSE till 5 pm, [...]
Metro Brands IPO receives 27 pc subscription on first day
New Delhi, Dec 10 (PTI) Footwear retailer Metro Brands Ltd's initial public offer got subscribed 27 per cent on the first day of the offering on Friday. The company, which is backed by ace investor Rakesh Jhunjhunwala, on Thursday raised more than Rs 410 crore from anchor investors. The Initial Public Offer (IPO) received bids [...]
Star Health shares recover after muted debut; settle with marginal gain
New Delhi, Dec 10 (PTI) Star Health and Allied Insurance Company Ltd recovered the lost ground after a muted debut on the bourses on Friday and settled with a marginal gain over its issue price amid a sluggish broader market sentiment. The stock, which opened the day on a negative note, managed to pare the [...]
Star Health shares list at discount; falls 6% in early trade
New Delhi, Dec 10 (PTI) Star Health and Allied Insurance Company Ltd listed with a discount on Friday, with the scrip slumping over 6 per cent. The shares of the company, which were sold at a price of Rs 900 apiece in the initial public offering (IPO), opened at Rs 848.80 on the BSE, reflecting [...]
Metro Brands raises Rs 410 cr from anchor investors ahead of IPO
New Delhi, Dec 9 (PTI) Footwear retailer Metro Brands Ltd, which is backed by ace investor Rakesh Jhunjhunwala, on Thursday said it has collected a little over Rs 410 crore from anchor investors ahead of its IPO rollout on Friday. The company has allotted 82.05 lakh equity shares to anchor investors at Rs 500 [...]
Shriram Properties initial share sale gets subscribed 1.63 times on second day
New Delhi, Dec 9 (PTI) The initial share sale of Shriram Properties got subscribed 1.63 times on the second day of the offer on Thursday. Fresh issuance of equity shares worth Rs 250 crore and an offer for sale of Rs 350 crore make up the Initial Public Offer (IPO). For 2,93,51,639 shares on sale, [...]
Rategain Travel Tech IPO attracts 17.41 times subscription on final day
New Delhi, Dec 9 (PTI) Rategain Travel Technologies' initial share sale elicited strong response from investors, with the issue getting subscribed 17.41 times on the last day of the offer on Thursday. All the categories, including those for Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs), were oversubscribed. The Initial Public Offer (IPO) attracted [...]
Raymond arm JK Files & Engineering files papers for Rs 800-cr IPO
New Delhi, Dec 9 (PTI) JK Files & Engineering Ltd, which is promoted by Raymond, has filed preliminary documents with markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The public issue is entirely an offer of sale (OFS) of equity shares worth Rs 800 crore by promoter Raymond Ltd, [...]
JK Files & Engineering files Rs 800-cr IPO papers
New Delhi, Dec 9 (PTI) JK Files & Engineering Ltd, a company that is in the business of auto parts, has filed preliminary documents with markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The public issue is entirely an offer of sale (OFS) of equity shares to the tune [...]
Data Patterns IPO to open on Dec 14; sets price band at Rs 555-585 per share
New Delhi, Dec 9 (PTI) Data Patterns (India) Ltd, which supplies electronic systems to defence and aerospace sector, on Thursday said it has fixed a price band of Rs 555-585 a share for its Rs 588 crore initial public offering. The initial share-sale will open for public subscription from December 14-16. The [...]
Ahead of IPO, MapmyIndia garners Rs 312 cr from anchor investors
New Delhi, Dec 8 (PTI) Digital mapping company MapmyIndia, which powers Apple maps, on Wednesday said it has mobilised Rs 312 crore from anchor investors ahead of its initial share sale that opens for public subscription on Thursday. The company has allotted 30.19 lakh equity shares to 24 anchor investors at Rs 1,033 [...]
Shriram Properties IPO garners 89 pc subscription on first day
New Delhi, Dec 8 (PTI) The initial public offer of Shriram Properties attracted 89 per cent subscription on the first day of the offer on Wednesday. The quota for the Retail Individual Investors (RIIs) was subscribed 4.85 times. The realty player is the 57th company to come out with an Initial Public Offer (IPO) so [...]
Gridtential Partners with India Battery Maker Luminous Power Technologies to Provide Affordable Residential Power
SANTA CLARA, Calif., Dec. 7, 2021 /PRNewswire/ -- Luminous Power Technologies — a subsidiary of Schneider Electric — today announced a formal evaluation agreement with Gridtential Energy, the inventor of Silicon Joule® bipolar battery technology. The partnership is another milestone in the continued adoption of Silicon Joule in the fast-growth residential energy storage solutions market. [...]
Kaya elevates the consumer journey under the new narrative of ‘Beautiful is You’
Introduces CoolSculpting, an innovative body contouring treatment in India Following a remarkable inauguration in Kaya Middle-East, Kaya India is all set to launch for the first time in the region, a new customizable, non-surgical and non-invasive body contouring technology, powered by TruSculpt Flex NEW DELHI, Dec. 8, 2021 /PRNewswire/ -- Skincare and the dermatologist network-enabled [...]
RBI to soon float paper on reasonableness of charges on transactions via digital payments
Mumbai, Dec 8 (PTI) With a view to make digital transactions more affordable, the Reserve Bank of India will soon come out with a discussion paper on the reasonableness of charges on transactions through digital mode.Observing that concerted efforts by all stakeholders have led to a significant increase in digital payments in recent years, RBI [...]
Ahead of IPO, Shriram Properties garners Rs 268 cr from anchor investors
New Delhi, Dec 7 (PTI) Shriram Properties on Tuesday said it has raised a little over Rs 268 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Wednesday. The company has decided to allocate 2,27,66,949 equity shares to anchor investors at Rs 118 apiece, valuing the transaction size [...]
MedPlus Health IPO to open on Dec 13 at Rs 780-796/share price band
New Delhi/Hyderabad, Dec 7 (PTI) MedPlus Health Services Ltd, a pharmacy retail chain, on Tuesday fixed a price band of Rs 780-796 a share for its Rs 1,398 crore initial share sale, which will open for public subscription on December 13. The three-day initial public offering (IPO) will close on December 15. The bidding for [...]
MedPlus Health IPO to open on Dec 13; price band set at Rs 780-796/share
New Delhi, Dec 7 (PTI) Pharmacy retail chain MedPlus Health Services on Tuesday fixed a price band of Rs 780-796 a share for its Rs 1,398 crore initial share-sale, which will open for public subscription on December 13. The three-day initial public offering (IPO) will close on December 15. The bidding for anchor investors will [...]
Metro Brands sets IPO price band at Rs 485-500 /share
New Delhi, Dec 7 (PTI) Footwear retailer Metro Brands Ltd, backed by Rakesh Jhunjhunwala, on Tuesday, fixed a price band of Rs 485-500 a share for its Rs 1,368-crore initial share sale. The initial public offering (IPO) will open for public subscription on December 10 and conclude on December 14. The bidding for anchor investors [...]
RateGain Travel Technologies raises Rs 599 cr from anchor investors ahead of IPO
New Delhi, Dec 6 (PTI) RateGain Travel Technologies on Monday said it has raised Rs 599 crore from anchor investors ahead of its IPO (initial public offering) rollout on Tuesday. The company has decided to allocate 1,40,90,136 equity shares to 34 anchor investors at Rs 425 apiece, valuing the transaction size to Rs 598.83 crore, [...]
Anand Rathi Wealth IPO subscribed 9.78 times
New Delhi, Dec 6 (PTI) The initial public offer of Anand Rathi Wealth Limited, part of Mumbai-based financial services group Anand Rathi, received 9.78 times subscription by the closing day on Monday. The Rs 660-crore IPO received bids for 8,29,21,509 shares against 84,75,000 shares on offer, according to data available with the NSE. The category [...]
MapmyIndia IPO to open on Dec 9; price band set at Rs 1,000-1,033/ share
New Delhi, Dec 6 (PTI) Digital mapping company MapmyIndia, which powers Apple maps, has fixed a price band of Rs 1,000-1,033 a share for its Rs 1,040-crore initial share-sale, which will open on December 9. The three-day initial public offering (IPO) will conclude on December 13. The bidding for anchor investors will open on December [...]
Inox Green Energy Services to raise Rs 500 cr via IPO
Inox Wind on Monday said the board of its arm Inox Green Energy Services Ltd has approved fundraising of Rs 500 crore through an initial public offering of its equity shares. Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades & tubular towers [...]
Companies raised Rs 52,759 cr from IPOs till October this fiscal: Sitharaman
New Delhi, Dec 6 (PTI) A total of Rs 52,759 crore has been raised by 61 companies through initial public offers till October this fiscal, higher than the funds mopped up through this route in the last financial year, the government told the Lok Sabha on Monday. Out of the 61 companies that hit the [...]
Shriram Properties sets IPO price band at Rs 113-118/share
New Delhi, Dec 6 (PTI) Shriram Properties has fixed a price band of Rs 113-118 a share for its Rs 600-crore initial share sale, which will open for public subscription on December 8. The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7, according [...]
LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%
New Delhi, Dec 5 (PTI) Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021. The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual [...]
Footwear retailer Metro Brands IPO to open on Dec 10
New Delhi, Dec 5 (PTI) The initial share-sale of footwear retailer Metro Brands Ltd, which is backed by Rakesh Jhunjhunwala, will open for public subscription on December 10. The initial public offering (IPO) will conclude on December 14, according to the red herring prospectus. The initial share-sale comprises fresh issuance of equity shares worth Rs [...]
Cybersecurity firm Inspira Enterprise plans to float IPO this month
New Delhi, Dec 5 (PTI) Cybersecurity firm Inspira Enterprise India, which plans to launch its Rs 800-crore IPO this month, will use the funds garnered through the fresh issue for expanding its presence geographically, especially in the US, its senior official said on Sunday. At present, the Mumbai-based company has presence in six countries such [...]
Anand Rathi Wealth IPO subscribed 3 times on Day 2 of offer
New Delhi, Dec 3 (PTI) The initial public offer of Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, received 3.02 times subscription on the second day of share-sale on Friday. The Rs 660-crore initial share-sale received bids for 2,55,81,204 shares against 84,75,000 shares on offer, according to NSE data. The category [...]
Tega Industries IPO a huge hit; subscribed 219.04 times on last day of subscription
New Delhi, Dec 3 (PTI) The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, received an overwhelming response from investors as it got subscribed a whopping 219.04 times on the last day of subscription on Friday. The Rs 619.22 crore IPO received bids for 2,09,58,69,600 shares against 95,68,636 shares [...]
Shriram Properties’ Rs 600-cr IPO to open on Dec 8
New Delhi, Dec 3 (PTI) The Rs 600-crore initial share-sale of Bengaluru-based Shriram Properties will open for public subscription on December 8. The initial public offering (IPO) will conclude on December 10, according to the red herring prospectus. The firm has reduced its offer for sale size to Rs 350 [...]
Tega Industries IPO subscribed 218.91 times so far on last day of subscription
New Delhi, Dec 3 (PTI) The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, received an overwhelming response from investors as it got subscribed a whopping 218.91 times so far on the last day of subscription on Friday. The IPO received bids for 2,09,46,77,244 shares against 95,68,636 shares on [...]
In a contrarian trend, aggregate bank deposits slump in fortnight to Nov Nov 19 after abrupt rise in previous 15 days: Report
Mumbai, Dec 3 (PTI) The massive fortnightly spike in bank deposits by a whopping Rs 3.3 lakh crore -- the fifth biggest rise in 24 years -- for the fortnight to November 5, 2021, and a subsequent plunge of Rs 2.7 lakh crore in the next fortnight can be due to the expected IPO boom [...]
Star Health IPO subscribed 79 pc on last day of issue
New Delhi, Dec 2 (PTI) The initial public offering (IPO) of Star Health and Allied Insurance Company Ltd received 79 per cent subscription on the final day of the share-sale on Thursday. Star Health, a leading private health insurer, is owned by a consortium of investors such as Westbridge Capital and Rakesh Jhunjhunwala. The IPO [...]
Anand Rathi Wealth IPO subscribed 1.60 times on Day 1 of offer
New Delhi, Dec 2 (PTI) The initial public offer of Anand Rathi Wealth Limited, part of Mumbai-based financial services group Anand Rathi, was fully subscribed on the first day of subscription on Thursday. The Rs 660-crore initial share-sale received bids for 1,36,00,818 shares against 84,75,000 shares on offer, translating into 1.60 times subscription, according to [...]
IPO-bound footwear firm Metro Brands aims to utilise Rs 250-cr for store expansion
New Delhi, Dec 2 (PTI) Footwear retailer Metro Brands Ltd, which is likely to come out with its initial share-sale by the end of the month, will utilise Rs 250 crore from the proceeds towards opening 219 stores in the next two-and-half years, its senior official said on Thursday. At present, the company has 586 [...]
Consumer tech brand Nothing to accept cryptocurrencies in select countries
New Delhi, Dec 1 (PTI) Consumer technology brand Nothing on Wednesday launched a new edition of wireless earbuds and said it will start accepting cryptocurrency payments in select countries through its website. The products will be available in India but cannot be purchased with cryptocurrencies. London-based Nothing, which is backed by a number of Indian [...]
Business briefs
*Havells India ranks 7th among top electrical equipment companies globally on ESG performance New Delhi, Dec 1 (PTI) Havells India was ranked seventh among the top electrical equipment companies globally by Dow Jones Sustainability Indices (DJSI) for 2021.Its commitment to Environmental, Social, Governance (ESG) and responsible growth has been recognised by DJSI for the current [...]
Nothing to accept cryptocurrency payments
New Delhi, Dec 1 (PTI) Consumer technology brand Nothing on Wednesday launched a new edition of wireless earbuds and said it will start accepting cryptocurrency payments in select countries through its website. London-based Nothing, which is backed by a number of Indian investors, including film producer Karan Johar, cricketer Yuvraj Singh and Cred founder Kunal [...]
Ahead of IPO, Anand Rathi Wealth raises Rs 194 cr from anchor investors
New Delhi, Dec 1 (PTI) Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, on Wednesday said it has raised Rs 194 crore from anchor investors, ahead of its initial share-sale on Thursday. The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing [...]
Tega Industries IPO fully subscribed within 1 hour; garners 4.67 times subscription on Day 1 of offer
New Delhi, Dec 1 (PTI) The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, was fully subscribed within one hour of opening on Wednesday. It ended the day with 4.67 times subscription. The Rs 619.22-crore IPO received bids for 4,46,62,233 shares against 95,68,636 shares on offer, translating into 4.67 [...]
Raymond’s board approves JK Files & Engineering’s Rs 800-cr IPO
New Delhi, Dec 1 (PTI) Diversified group Raymond Ltd on Wednesday said its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), a company that is in the business of auto parts. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore, said the country's [...]
Upstox allows IPO applications via WhatsApp
New Delhi, Dec 1 (PTI) Online brokerage Upstox on Wednesday said it will allow investors to invest in initial public offerings (IPOs) and open demat accounts through WhatsApp. Also, the company aims to increase its customer base to 10 million by the end of FY2022 from 7 million currently, Upstox said in [...]
IPO rush continues; 10 cos line up public issues worth Rs 10,000 cr in Dec
New Delhi, Dec 1 (PTI) The IPO lane will continue to be busy in December as 10 companies have lined up initial share-sale plans worth more than Rs 10,000 crore, merchant banking sources said on Wednesday. Moreover, the initial public offerings of Star Health and Allied Insurance and Tega Industries are currently open for public [...]
Tega Industries mobilises Rs 186 crore from anchor investors ahead of IPO
New Delhi, Nov 30 (PTI) Tega Industries, manufacturer of consumables for the mining industry, on Tuesday said it has garnered Rs 186 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday. The company has decided to allocate 41 lakh equity shares to anchor investors at Rs 453 [...]
ICICI Venture divests partial stake in Go Fashion
New Delhi, Nov 30 (PTI) ICICI Venture, the alternative asset arm of ICICI Bank, on Tuesday said it has divested half of its 13.5 per cent stake in the recently concluded IPO of Go Fashion (India) Ltd, which owns women's wear brand Go Colors. ICICI Venture, through its fourth private equity fund India Advantage [...]
Go Fashion shares jump over 81 pc in debut trade
New Delhi, Nov 30 (PTI) Shares of Go Fashion, which owns women's clothing brand Go Colors, on Tuesday listed with a huge premium and settled with over 81 per cent gains against its issue price of Rs 690. It listed at Rs 1,316, reflecting a steep jump of 90.72 per cent on the BSE. The [...]
Bessemer Venture Partners raises $220 mn to back next-gen innovators in India
New Delhi, Nov 30 (PTI) Bessemer Venture Partners (BVP) on Tuesday announced the closure of a USD 220 million fund (about Rs 1,653 crore) in India to back the next generation of innovators in India.The fund will focus primarily on early-stage investments, consistent with Bessemer's approach of starting with seed and Series-A investments and sticking [...]
Anand Rathi Wealth IPO to open on Dec 2; sets price band at Rs 530-550 per share
New Delhi, Nov 30 (PTI) Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Tuesday said it has fixed a price band of Rs 530-550 a share for its Rs 660-crore IPO, which will open for public subscription on December 2.The three-day initial public offering (IPO) will conclude on December 6, the [...]
Go Fashion shares list with nearly 91% premium
Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]
Star Health raises Rs 3,217 cr from anchor investors ahead of IPO
New Delhi, Nov 29 (PTI) Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday. The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to [...]
IPO-bound India1 Payments installs 10,000 white-label ATMs
Mumbai, Nov 29 (PTI) The IPO-bound India1 Payments, promoted by the Banktech Group of Australia and formerly known as BTI Payments, has said that it has crossed a milestone of deploying 10,000-white-lable ATMs which are labelled as India1ATMs, making it the largest player in the segment. The company has installed these machines mostly in semi [...]
Maritime association MASSA launches reward scheme for Indian seafarers
Mumbai, Nov 28 (PTI) In a bid to promote talent, maritime body MASSA has initiated a reward scheme for Indian seafarers, a move that is expected to benefit over 7,500 Indian seafarers every year. The Maritime Association of Shipowners Shipmanagers and Agents (MASSA) has initiated the 'Reward Scheme for Excellence' at its training academies operated [...]
Union minister launches pilot project to revive Namda craft in J&K
Srinagar, Nov 27 (PTI) Union Minister of State Rajeev Chandrasekhar on Saturday launched a pilot project to revive and promote traditional 'Namda' craft in Jammu and Kashmir and said that efforts are afoot to increase the carpet export from Rs 600 crore to Rs 6,000 crore. The Union Minister of State for Skill Development, Entrepreneurship, [...]
Sebi asks RTAs, merchant bankers to disclose investor charter, complaint data on websites
New Delhi, Nov 26 (PTI) Markets regulator Sebi on Friday directed registrar and share transfer agents (RTAs) and merchant bankers to disclose investor charter as well as data pertaining to complaints they received on their websites. The regulator has listed various categories for which investor charter needs to be disclosed by merchant bankers. The [...]
Delhi HC refuses to entertain 19-year old’s ‘blackmailing type’ plea concerning approval to IPOs
New Delhi, Nov 26 (PTI) The Delhi High Court Friday refused to entertain a 19-year old's plea against the “hasty manner in which IPOs are passed”, observing that "it is a blackmailing type of petition” and asked if it was filed to “harass some companies” and "at whose behest". The issues raised in the petition [...]
Tarsons Products shares gain nearly 27 pc in debut trade
New Delhi, Nov 26 (PTI) Shares of life sciences company Tarsons Products on Friday settled with a premium of nearly 27 per cent in its debut trade against the issue price of Rs 662.The stock listed at Rs 700, a gain of 5.74 per cent against the issue price on BSE. It further jumped 26.88 [...]
VLCC gets Sebi’s clearance to launch IPO; may launch public issue in Dec
New Delhi, Nov 26 (PTI) VLCC Health Care Ltd, one of the largest homegrown beauty and wellness companies in India, has received capital markets regulator Sebi's go ahead to float the initial public offering, market sources said on Friday. The company may launch the initial public offering (IPO) by December-end, they added. [...]
Tega Industries sets IPO price band at Rs 443-453/share
New Delhi, Nov 26 (PTI) Tega Industries, manufacturer of consumables for the mining industry, on Friday said it has fixed a price band of Rs 443-453 a share for its Rs 619-crore initial share-sale. The three-day initial public offering (IPO) will open on December 1 and conclude on December 3, the company announced. The IPO [...]
Tarsons Products shares list with nearly 6% gain
Tarsons Products shares on Friday listed with a premium of nearly 6 per cent against its issue price of Rs 662. The stock is listed at Rs 700, a gain of 5.74 per cent against the issue price on BSE. It further jumped 22.05 per cent to Rs 808. On NSE, it is listed with [...]
Shri Bajrang Power & Ispat to nearly halve debt from Rs 700-cr IPO
Mumbai, Nov 25 (PTI) Raipur-based integrated steel manufacturer Shri Bajrang Power & Ispat plans to pay back around Rs 400 crore of its long-term debt from the proceeds of its forthcoming Rs 700-crore initial share sale. The company, among the top 10 in terms of installed capacity for iron ore pellets, iron ore beneficiation and [...]
Tega Industries’ IPO to open on Dec 1
New Delhi, Nov 25 (PTI) The initial share-sale of Tega Industries, manufacturer of consumables for the mining industry, will open for public subscription on December 1. The three-day initial public offering (IPO) will conclude on December 3, according to the red herring prospectus (RHP). The IPO is purely an offer of sale of 1,36,69,478 equity [...]
Jhunjhunwala backed Star Health IPO to open on Nov 30 to raise Rs. 7249 cr
Star Health and Allied Insurance Company on Wednesday announced that it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offering, which will open on November 30. The three-day Star Health IPO or initial public offering will conclude on December 2. The bidding for anchor investors will open [...]
Latent View shares make stellar market debut, zoom 148 pc
New Delhi, Nov 23 (PTI) Shares of Latent View Analytics on Tuesday made a stellar market debut and settled with a premium of 148 per cent gainst the issue price of Rs 197. The stock listed at Rs 530, reflecting a huge gain of 169 per cent from the issue price on BSE. During the [...]
Go Fashion IPO subscribed 135.46 times
New Delhi, Nov 22 (PTI) The initial public offer of Go Fashion (India) Limited, which owns women's wear brand Go Colors, received a whopping 135.46 times subscription on the last day on Monday. The Rs 1,013.6-crore IPO received bids for 1,09,44,34,026 shares against 80,79,491 shares on offer, according to data available with the NSE. The [...]
MedPlus Health Services, RateGain, 4 other cos get Sebi approval for IPOs
New Delhi, Nov 22 (PTI) Six companies, including pharmacy retail chain MedPlus Health Services, travel technology services firm RateGain Travel Technologies and microlender Fusion Micro Finance, have received markets regulator Sebi's go ahead to raise funds through IPOs. The other firms that have received the approval to float their Initial Public Offerings (IPOs) are retail wealth management [...]
Jesons Industries files draft IPO papers with Sebi; aims to raise Rs 900 crore
Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale. The shares of the company are proposed to be listed on NSE and BSE. Jesons Industries is one of the leading manufacturers of speciality coating emulsions [...]
Jesons Industries files draft IPO papers with Sebi; aims to raise to raise Rs 900 crore
New Delhi, Nov 22 (PTI) Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale.The initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 120 crore and an offer for [...]
Ipower Batteries Pvt Ltd bags award for best battery manufacturer for EV by EV Battery Tech 2021 organized by EMobility+
Delhi, 22nd November 2021: Pioneers and leading manufacturers of EV batteries in the country, Ipower Batteries has been awarded the best battery manufacturer for EV by EV Battery Tech 2021 organized by EMobility+ for the year 2021. The company has been working around manufacturing innovative battery products as solution for EV. The company specializes in [...]
RenewBuy plans to come up with IPO in 2 years: CEO
New Delhi, Nov 21 (PTI) Insurtech company RenewBuy is planning to come up with its initial public offering (IPO) in about two years from now, banking on the healthy growth of business and a strong pedigree, its CEO and co-founder Balachander Sekhar said. The agent-led digital-driven insurtech company was founded in 2015 by Sekhar and [...]
Elin Electronics files Rs 760-cr IPO papers with Sebi
New Delhi, Nov 19 (PTI) Elin Electronics Limited, a leading electronics manufacturing services company, has filed preliminary papers with capital markets regulator markets Sebi to raise Rs 760 crore through an initial share-sale. The initial public offering (IPO) comprising fresh issue of shares aggregating up to Rs 175 crore, and an offer for sale of [...]
PB Fintech parent company of Policybazaar lists with over 17% premium
Shares of PB Fintech Ltd, listed with a premium of over 17 per cent against its issue price of Rs 980 on Monday. The company operates an online insurance platform Policybazaar and credit comparison portal Paisabazaar. The stock made its debut at Rs 1,150, up 17.34 per cent on both the BSE and NSE. Its [...]
Sigachi Industries shares list with a bang; jump nearly 253 per cent debut
Sigachi Industries shares listed with a huge premium of nearly 253 per cent, at Rs 575, in its debut trade on Monday against the issue price of Rs 163 on BSE. The shares then rallied 270.39 per cent to Rs 603.75. On NSE, the company debuted at Rs 570, zooming 249.69 per cent. Sigachi Industries [...]
Paytm IPO offer price fixed at the upper end of Rs 2,150 apiece
Digital payments and financial services firm- Paytm has fixed an offer price of Rs 2,150 apiece for its IPO. This will mark its stock debut in the market also making its IPO the fourth-largest in the fintech space, globally. Paytm had priced its shares at a price band of Rs 2,080-2,150 per share, valuing the [...]
Sequoia, KKR backed – Five Star Business Finance files Rs 2,752-cr IPO Papers
The Chennai-headquartered Non-banking financial company - Five Star Business Finance, which commenced operations in 1984, has filed preliminary papers with SEBI to raise up to Rs 2,752 crore through an initial public offering (IPO). The company provides secured business loans to micro-entrepreneurs and self-employed individuals, each of whom is largely excluded by traditional financing institutions. [...]
Nykaa Shares Make Dream Debut at Over 79% premium, Founder now a Billionaire!
The Rs 5,352-crore IPO of Fashion E-Commerce Ventures, which runs Nykaa, is listed at a huge premium of over 79 per cent. The Nykaa shares listed at Rs. 2,001 on Wednesday, against the issue price of Rs 1,125 on Wednesday. After jumping to a 77.86% premium on listing the shares then zoomed 89.24 per cent [...]
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.
