India’s IPO fundraising has dropped 26% in the first half of the current fiscal year, compared with the same period a year ago. About 31 companies raised Rs 26,300 in the primary market as against Rs 35,456 crore in the previous-year period, according to data from primedatabase.com. The shortfall was mainly on account of the … Read more
After a bumper listing on Friday at a premium of about 94%, shares of ideaForge Technology tanked nearly 10% to Rs 1,171 in Monday’s trade on BSE as investors booked profits on concerns over high valuations post stock listing. After the overwhelming listing, analysts had advised investors to book profits. Anubhuti Mishra, Equity Research Analyst … Read more
Earlier today, NSE in a circular said the markets will be closed for trading on Thursday on the eve of Bakrid. This decision was taken after the Maharashtra government affected a change in holiday to June 29. The IPO of India’s leading dronemaker Ideaforge has seen tremendous response from investors for the first two days. … Read more
The initial public offering (IPO) of India’s leading drone maker Ideaforge will open for subscription on Monday. Ahead of the opening, the company’s shares are commanding a healthy premium of Rs 460 in the unlisted market, indicating a strong demand for the public offer. The company is offering its shares in the range of Rs … Read more
India’s leading drone maker Ideaforge has raised about Rs 254 crore from anchor investors ahead of its IPO. The company has allocated 37.92 lakh equity shares in the anchor round at Rs 672 apiece. Some of the leading domestic and foreign investors participated in the round, including Nomura, Invesco, HSBC, ICICI Pru MF, Mirae Asset … Read more