ICICI Prudential AMC, India’s largest active mutual fund house, will open its Rs 10,602 crore IPO for subscription on December 12. The offer, which closes on December 16, is a pure offer for sale by UK-based partner Prudential Corp. No fresh shares are being issued, and the listing will not dilute existing equity. The price … Read more
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next few years, one of the biggest investment bankers said on Tuesday. The market, which has seen a slew of initial share sales this fiscal, has already witnessed USD 21 billion … Read more
Mumbai: The ₹10,600 crore initial public offering (IPO) of ICICI Prudential Asset Management Company will open on December 12 and close on December 16. The price band for the issue has been set at ₹2,061-2,165 per share. The IPO pricing values the country’s second mutual fund with assets under management of ₹10.87 lakh crore at … Read more
Mumbai: A group of foreign and domestic institutions withdrew from Meesho‘s anchor allotment process, alleging that SBI Mutual Fund was given a disproportionately higher share in the pre-IPO anchor allocation. Capital Group, Norges Bank Investment Management, ICICI Prudential Mutual, and Nippon India Mutual were among the funds that opted out of the e-commerce marketplace’s ₹2,439-crore … Read more
Mumbai: December is set to be another busy month for India’s red-hot initial public offering (IPO) market, with public issues worth nearly ₹30,000 crore scheduled to hit the street, a fitting crescendo to mark the end of what has already been a record-breaking year. The IPO market is set to accelerate in December with around … Read more
Resources conglomerate and Mumbai-listed Vedanta is preparing to raise about ₹2,000 crore through rupee-denominated non-convertible debentures (NCDs) at its ferrous metals subsidiary ESL Steel, formerly Electrosteel Steels, people familiar with the fundraising told ET. The notes are likely to be priced around 10%-12%, depending on the structure and guarantee package. Citibank is expected to arrange … Read more
This Dhanteras, investors appear to be flocking to Gold ETFs (Exchange Traded Funds) amid geopolitical tensions and a sharp surge in gold prices. Inflows recorded a six-fold increase, rising 578.28% to Rs 8,363.13 crore in September 2025, compared with Rs 1,232.99 crore in the same period last year. Net inflows have also shown a CAGR … Read more
EPS growth stocks Consistently increasing quarterly earnings per share (EPS) indicates that a company is improving its profitability over time. This trend suggests strong financial health, effective management strategies, and potential for sustainable growth. In the Nifty200 pack, five companies have notably improved their EPS, showing increases for four consecutive quarters (till March ’25 quarter) … Read more
Hybrid Funds ET Market’s mutual fund analysis has identified the top 5 hybrid mutual funds that gained about 25% and more in the last 3 years. Hybrid funds invest in both equity and debt with the goal of balancing risk & reward, and optimizing investment returns. The tax treatment of equity-oriented hybrid schemes is similar … Read more
A smaller-than-expected poll victory for Prime Minister Narendra Modi is leading to worries among bond investors about greater populism. Fiscal discipline has been a hallmark of Modi’s decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit and further cut government borrowing in the next budget. The election … Read more