Jaipur-based SK Finance Ltd, a non-banking financial company has reported 27% rise in its loan book to Rs 13,261 crore for FY25, compared to Rs 10,476 crore in the previous year. Despite weathering industry headwinds in FY25, SK Finance stayed resilient, delivering an impressive performance backed by robust demand and focused expansion, according to company’s … Read more
A sharp correction has gripped India’s unlisted equity market over the past few weeks, with shares of marquee IPO-bound firms like the National Stock Exchange (NSE), National Securities Depository Ltd (NSDL), and Tata Capital and others sliding as much as 21% from their recent peaks. The selling pressure has intensified in the wake of HDB … Read more
Shares of smallcap stock Samhi Hotels, backed by ace investor Madhuri Madhusudan Kela, have surged 98.4% from their April lows to hit their all-time high of Rs 240.30 on the NSE on July 10. The stock had fallen to its all-time low of Rs 121.10 on April 7, 2025. On charts, the stock is now … Read more
Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO). In a regulatory filing on Wednesday, Smartworks finalised the allocation of 42,66,378 equity shares to anchor investors at Rs 407 per equity share. Out of the total allocation of 42,66,378 shares to the anchor Investors, 32.04 per … Read more
The Rs 17.77 crore initial public offering of Cryogenic OGS drew robust investor interest, with an overall subscription of 646.47 times by 05:30 PM on Monday, July 7, the final day of bidding. Backed by strong demand from retail and non-institutional investors, the SME issue is now headed for a likely sharp debut, with the … Read more
Shadowfax Technologies has filed a confidential draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering. As per sources, the IPO size is expected to be in the range of Rs 2,000 – Rs 2,500 crore, comprising a mix of fresh issue and offer for sale (OFS) … Read more
A significant volume of pre-IPO shareholder lock-ins worth $ 1,860 million is set to expire in July 2025, potentially reshaping the shareholding structure of several recently listed companies. According to a report by domestic brokerage Nuvama Institutional Equities, the lock-in expiries next month span across multiple companies and include both promoter and non-promoter holdings. The … Read more
Mumbai: HDB Financial Services has raised ₹3,369 crore from 141 anchor investors ahead of the opening of its ₹12,500 crore initial public offering (IPO) on June 25. The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI Mutual Fund, etc. … Read more
A manager at the Indian Institute of Management (IIM), Ahmedabad, has fallen victim to an elaborate online trading scam, losing nearly Rs 50 lakh after being lured into a bogus IPO investment scheme through a WhatsApp group promoting stock market “tips.” According to The Times of India, the 49-year-old victim, who resides in Chandkheda, filed … Read more
Lalithaa Jewellery Mart, a Chennai-headquartered jewellery retailer offering gold, silver, and diamond jewellery designed for southern Indian markets, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 1,700 crore through an initial public offering (IPO). The proposed Rs 1,700 crore IPO comprises a fresh … Read more