Mumbai: Specialty chemicals manufacturer and Aptus Value Housing Finance made tepid debuts on the bourses on Tuesday as investor rush for newly-listed stocks subsided in the wake of the sell-off in mid- and small-cap stocks. Chemplast listed at Rs 525 on BSE, a 2.96% discount to its issue price of Rs 541. Aptus Value listed … Read more
New Delhi: Amidst the solid frenzy in the primary market, the issue of ‘profitable digital play’ CarTrade Tech is set to open on Monday. Mumbai-based CarTrade Tech is a multichannel mobility platform that is looking to raise about Rs 2,999 crore from the primary market. Here are key things that you should know about the … Read more
MUMBAI: The Securities and Exchange Board of India has today approved relaxation of various lock-in period rules with respect to promoters and pre-IPO investors for a company doing an initial public offer or a follow-on public offer via the primary market. The market regulator said that the lock-in period for promoter’s shareholding in an IPO … Read more
MUMBAI: Adani Wilmar, a 50-50 joint venture between Adani Enterprises and Wilmar Group, has today filed a draft red herring prospectus with the SEBI, said in a filing to the bourses. Adani Wilmar will raise Rs 4,500 crore through a fresh issue of equity shares. The company’s existing shareholders will not sell any stake in … Read more
Mutual funds’ enthusiastic participation in last week’s Zomato IPO has raised many eyebrows. The anchor book portion of the public issue saw subscription from 19 mutual fund companies across 74 schemes with varying mandates. Questions are being raised about the clamour to buy shares of a business which is yet to make profits but commands … Read more
Equity in education isn’t the only major victim of a glaring digital divide. Equity ownership in primary listings also hinges as much on the robustness of India’s tech backbone – as evidenced in the latest flurry of digital mandates for top-flight IPOs. UPI mandates in June have also highlighted the gap in technology infrastructure between … Read more
(This story originally appeared in on Jul 12, 2021) MUMBAI: The valuation of food delivery major Zomato that’s going public through an IPO with an indicative market capitalization of around Rs 60,000 crore, has been a topic of much discussion on social media with many raising an eyebrow if it’s really worth that much. People … Read more
Mumbai: Healthium Medtech, India’s second largest medical consumables and surgical sutures company, plans to hit the stock market by the end of 2021. Healthium (formerly Sutures India), owned by private equity fund Apax Partners, is aiming to raise Rs 1,500-2,000 crore through an initial public offering, valuing the company at about Rs 7,500 crore. At … Read more
NEW DELHI: The initial public offer (IPO) of Sona BLW Precision Forgings (Sona Comstar) will hit Dalal Street on Monday. The auto component manufacturer is looking to raise about Rs 5,550 crore from the primary market. The issue comprises fresh issuance of equity shares, aggregating up to Rs 300 crore, and an offer for sale … Read more
NEW DELHI: The initial public offer (IPO) of Shyam Metalics and Energy will hit the Street on Monday. The producer of long steel products is looking to raise about Rs 909 crore from a mix of fresh issue and offer for sale. It is looking to use the net proceeds from the fresh issue mainly … Read more