By Faseeh Mangi Pakistan’s market for initial public offerings is coming out of hibernation and heading for a record year. The nation, which has posted the fastest equity rally in Asia since March, will host about 10 new-share sales in the fiscal year to June 2021, according to its top adviser Arif Habib Ltd. That … Read more
New Delhi: The government will push forth with initial public offers and share buybacks in key public sector enterprises in the remaining months of this financial year, a top official said, following the successful public listing of Mazagon Dock Shipbuilders Ltd. and other offers for sale. “We have made use of the market opportunities through … Read more
NEW DELHI: Mazagon Dock Shipbuilders’ 49 per cent listing gains disappointed many investors, who had been expecting it to make a debut with at least 80 per cent gain. The listing pop was nowhere near IRCTC’s 101 per cent seen during its October 2019 listing nor PowerGrid’s 63 per cent during its 2007 listing. It, … Read more
By failing to take advantage of the surfeit of global capital scouring the world for profitable deployment, the government fails the people of India, in desperate need of growth, incomes and jobs. Synopsis There is an IPO fever raging in the US, apart from Covid-19. It shows that there is a mass of capital out … Read more
NEW DELHI: The Rs 444 crore initial public offering (IPO) of Mazagon Dock Shipbuilders, the first government-owned company to float a primary market issue in 2020, opened for bidding on Tuesday. The issue is open for subscription till Thursday. The company has a virtual monopoly on building destroyers, frigates and submarines for Indian Navy and … Read more
NEW DELHI: The initial public offering (IPO) of Chemcon Speciality Chemicals was subscribed 1.58 times on Monday as of 12.04 pm. Out of 65,59,173 shares on offer, the issue had received applications for 1,03,88,356 shares. The retail quota saw huge applications and was fully subscribed within 45 minutes of opening for subscription. Out of 32,83,580 … Read more
By Chris Bryant Wall Street isn’t always too fussed about whether a start-up is profitable before listing on the stock exchange. A decent track record of sales growth is usually pretty essential, though. That quaint idea has been turned on its head this year by the fad for special purpose acquisition companies. Called SPACs for … Read more
NEW DELHI: The Rs 600 crore IPO by Route Mobile received 5 times bids so far on Day 3 of the bidding process. As per data available with BSE and NSE, the issue received bids for 6,15,32,960 shares by 11 pm on Friday, which was 5.05 times the total issue size of 1,21,73,912 shares. The … Read more
MUMBAI: Lovable Lingerie is the third-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat the performance of Page Industries, sellers of Jockey innerwear. It gained a third in about a week. But the small float and low delivery volumes is an alert against wagering on … Read more