The IPO market in India remained stable during the first quarter of 2023 and the primary fundraising activity is expected to further gain momentum in the second half of the year. There have been a total of four IPOs in Q1 2023, one higher than the same period of last year. Divgi TorqTransfer Systems was … Read more
New Delhi: 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 … Read more
Mumbai: The ₹412-crore initial public offering (IPO) of Pune-based auto parts manufacturer Divgi Torqtransfer Systems, backed by Infosys co-founder Nandan Nilekani, was subscribed 5.44 times on Friday, the final day of bidding. This is the first IPO of 2023. The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors … Read more