2 IPOs, backed by Vijay Kedia and Ashish Kacholia, booked over 10x each on Day 2

2 IPOs, backed by Vijay Kedia and Ashish Kacholia, booked over 10x each on Day 2

Continuing the positive trend seen on the first day, the SME IPOs of TAC Infosec and Radiowalla Network, backed by marquee investors Vijay Kedia and Ashish Kacholia, respectively, were subscribed over 10 times on the second day of the bidding process. Here’s a look at all the details: TAC Infosec IPO The IPO of TAC … Read more

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more

Entero Healthcare’s Rs 1,600-cr IPO biggest so far in 2024: 10 things to know before subscribing to the issue

Entero Healthcare’s Rs 1,600-cr IPO biggest so far in 2024: 10 things to know before subscribing to the issue

The initial public offering (IPO) of Entero Healthcare will open for subscription on February 9 and close on February 13. Through the IPO, the company plans to raise about Rs 1,600 crore. Here are 10 things to know before subscribing to the issue. 1) What is the business overview of Entero Healthcare? Entero Healthcare Solutions … Read more

Rashi Peripherals IPO opens on Wednesday. What GMP signals ahead of subscription

Rashi Peripherals IPO opens on Wednesday. What GMP signals ahead of subscription

Ace investor Madhu Kela-backed Rashi Peripherals IPO will open for subscription on Wednesday. Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 70 in the unlisted market. The IPO is entirely a fresh equity issue of Rs 600 crore with no offer-for-sale component. About 50% of the issue is … Read more

BLS E-Services jumps 172% over IPO price after stellar listing. Should investors hold or sell now?

BLS E-Services jumps 172% over IPO price after stellar listing. Should investors hold or sell now?

The shares of BLS E-Services had a bumper listing at the bourses on Tuesday, exceeding all expectations. The stock was listed at over 140% premium, after which, it rallied further and is currently trading 172% higher than the issue price on BSE. The public offer was priced at Rs 135 apiece. The IPO was also … Read more

Hyatt affiliate Juniper Hotels, 3 others get Sebi nod for IPO

Hyatt affiliate Juniper Hotels, 3 others get Sebi nod for IPO

Markets regulator Sebi has approved the IPO of Arkade Developers, CJ Darcl Logistics, Juniper Hotels, and Indo Farm Equipment. Arkade and Juniper are fresh issues while the other two comprise both fresh issues of equity shares as well as offer for sale (OFS). Juniper Hotels IPO Juniper Hotels, which runs hotels under the “Hyatt” brand, … Read more

Park Hotels IPO to open on February 5. Check key details

Park Hotels IPO to open on February 5. Check key details

Leading hotel chain Apeejay Surrendra Park Hotels announced the launch of its maiden public offer on February 5. The Rs 920-crore issue will close on February 7. The IPO comprises a fresh equity issue of Rs 600 crore and an offer for sale (OFS) of Rs 320 crore. The price band for the IPO will … Read more

Nova Agritech IPO: 10 things to know before subscribing to the issue

Nova Agritech IPO: 10 things to know before subscribing to the issue

The initial public offer (IPO) of Nova Agritech will open for subscription on January 23, instead of January 22 due to a stock market holiday. The issue will close on January 25. The share allotment for the public offer will be done on January 29 and the company is gearing up for January 31 listing. … Read more

Medi Assist Healthcare IPO price band fixed at Rs 397-418 apiece

Medi Assist Healthcare IPO price band fixed at Rs 397-418 apiece

Medi Assist Healthcare has fixed a price band of Rs 397-418 per share for its IPO, opening on January 15. The issue is completely an offer for sale of 2.8 crore shares. In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of … Read more

Amid IPO fever, Sebi chief says will look into high valuations of public offers

Amid IPO fever, Sebi chief says will look into high valuations of public offers

Amid a flurry of activity in the primary market, Sebi chief Madhabi Puri Buch said the regulator will address the issue of exorbitant valuation of initial public offerings Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better … Read more