Mumbai, The National Stock Exchange (NSE) is awaiting approval from capital markets regulator Sebi to kickstart the initial public offering process, its MD and CEO Ashishkumar Chauhan said on Thursday. The NSE‘s listing plans have been on the backburner amid a Sebi probe against the exchange and some of its top officials. It was alleged … Read more
After a steady response on Day 1, the initial public offering (IPO) of Bharti Hexacom was subscribed 50% so far on the second day of the bidding process. The Rs 4,275 crore issue will close on April 5. The category reserved for retail investors was booked the most at 79%, followed by NIIs at 71% … Read more
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
The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to … Read more
The initial public offering (IPO) of SRM Contractors will open for subscription tomorrow. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 130 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue. 1) What is the business overview of … Read more
Kolkata-based Baazar Style Retail, which is backed by ace investor Rekha Rakesh Jhunjhunwala, has filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The issue is a combination of a fresh equity sale worth Rs 185 crore and an (OFS) of 1.68 crore shares by promoters and … Read more
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore … Read more
The shares of Thai Casting listed with a premium of 141.4% on the NSE SME platform on Friday. The stock debuted at Rs 185.9 as against an issue price of Rs 77. Ahead of the listing, the company‘s shares traded with a premium of Rs 70 in the unlisted market. The IPO, which is an … Read more
ET Intelligence Group: Backed by Banyan Tree Growth Capital, GPT Healthcare operates multispecialty hospitals under the ILS brand in eastern India. The Kolkata-based healthcare company is rolling out a ₹525 crore IPO comprising an offer of sale of ₹485 crore and a fresh issue of ₹40 crore. The IPO represents 34% of the post-paid capital … Read more
EV chargers maker Exicom Tele-Systems Ltd is set to launch its Initial Public Offering (IPO) on February 27. The initial share sale will conclude on February 29 and the bidding for anchor investors will open for a day on February 26, according to the Red Herring Prospectus (RHP). The maiden public issue comprises a fresh … Read more