MFs subscribe to IPOs, up play in health, chemical stocks

Fund managers have shown high conviction in Initial Public Offers during August. They subscribed to the issues of , Nuvoco Vistas, Devyani International, CarTrade Tech and Krsnaa Diagnostics as many of these companies have unique business models and leadership positions within their industries. Leading fund houses have followed a bottom-up approach while picking stocks amid … Read more

Upcoming IPOs can add $160 billion to m-cap: Credit Suisse

Mumbai: Upcoming initial public offerings (IPOs) could add another $160 billion (over Rs 11.8 lakh crore) to India’s overall market capitalisation over the next 12-18 months, excluding Life Insurance Corporation of India, Credit Suisse said in the wake of strong equity fundraising via IPOs this year. “As non-IPO public equity raising is still low, and … Read more

Group debt, share pledge serve as major overhang for Chemplast, investors may wait

Issue dates: August 10-12, 2021 Price band: Rs 530-541 per share Issue size: Rs 3,850 crore Implied Market cap: Rs 8,500 crore Lot size: 27 shares ET Intelligence Group: Chemplast Sanmar, a speciality chemicals company catering to footwear and auto-upholstery segments, plans to raise Rs 3,850 crore through the initial public offering to reduce debt. … Read more

NSE unlisted shares soar 80% in six months

MUMBAI: The National Stock Exchange, the country’s biggest bourse, has seen its valuations surge 80% in the past six months as investors begin to factor in strong growth amid strong retail trading volumes and returns from IPOs last year. NSE shares are currently traded at Rs. 1,750 apiece in the unlisted market compared with Rs. … Read more

Five IPOs to hit markets this week; seek to raise Rs 3,764 crore

NEW DELHI: Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore. The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail … Read more