Given the bearish momentum in the secondary markets, IPOs are seeing a slowdown with just 1 SME issue slated to open next week. Apart from this, the Street will also see 4 listings, again all of them on the SME platforms of the exchanges. Despite the lull in the primary market currently, analysts expect the … Read more
Tata Group’s Tata Capital is one step closer to listing on Dalal Street, with reports indicating that the company approved its initial public offering (IPO) plans on Tuesday. According to a Reuters report, Tata Capital will issue 23 crore new shares, while some existing shareholders will exit through the offer for sale (OFS) route. The … Read more
Malpani Pipes and Fittings is set to launch its SME initial public offering (IPO) on January 29, 2025, with a price band of Rs 85-90 per share. The IPO aims to raise Rs 25.92 crore through the issuance of 28.80 lakh fresh shares. Specializing in the manufacturing of high-quality pipes, including HDPE, MDPE, LLDPE, and … Read more
Apollo Global Management Inc. is considering listing auto-parts supplier Tenneco Inc.’s India business, people familiar with the matter said, joining others that have done or plan initial public offerings of their units in the world’s most populous country. The US alternative asset manager is speaking with prospective arrangers about an IPO that could take place … Read more
2024 has been a remarkable year for India’s IPO market, and as we approach the final week, two fresh IPOs from Indo Farm Equipment and Technichem Organics will close out what has been one of the most vibrant years for the primary market. Additionally, six companies, including four from the mainboard segment, are set to … Read more
Keeping up with the massive buzz, Waaree Energies IPO received 97.34 lakh applications — the highest for any IPO in India’s primary market history to date. The previous record was held by Bajaj Housing Finance, whose IPO received around 90 lakh applications and Tata Technologies, which garnered 73 lakh applications. The Rs 4,321 crore IPO … Read more
New Delhi: Shapoorji Pallonji Group’s infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25. The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the … Read more
The Rs 27,870 crore initial public offer (IPO) of Hyundai India, which opened for subscription on Tuesday, was subscribed 20% so far on the second day of the bidding process. The issue received nearly 1.98 crore consolidated share bids versus 9,97,69,810 shares available for subscription. Retail investors led the way, subscribing to the issue by … Read more
The marquee IPO of Hyundai Motor India, which will be this country’s biggest public offering, could attract significant global interest and with it an influx of foreign capital. This might trigger a sector-wide re-rating for the auto industry, according to analysts. The Rs 27,870 crore IPO from Hyundai is the first from the major auto … Read more
The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue … Read more