Why Hyundai India’s GMP crashed 76% even as market awaits India’s biggest IPO

Why Hyundai India’s GMP crashed 76% even as market awaits India’s biggest IPO

The grey market premium (GMP) of Hyundai India continues to slide ahead of the issue opening next week. The company’s shares are currently commanding a GMP of around Rs 139, indicating a marginal premium of 7% over the issue price. The IPO, which is a complete offer for sale (OFS) of 14.2 crore shares by … Read more

Aadhar Housing Finance stock makes D-Street debut on flat note

Aadhar Housing Finance stock makes D-Street debut on flat note

After a healthy response to the IPO, the shares of Aadhar Housing Finance listed on the exchanges today at Rs 314.3, a marginal discount of 0.22%, on BSE. Ahead of the listing, the company’s traded with a premium of Rs 50 in the unlisted market The company boasts of highest assets under management (AUM) within … Read more

Fractal Analytics readies IPO plans, targets $2.5 billion valuation

Fractal Analytics readies IPO plans, targets .5 billion valuation

Mumbai: Artificial intelligence and analytics solutions provider Fractal Analytics has kick-started the formal process to launch its public issue towards the second half of the year valuing the Bengaluru unicorn at around $2.5 billion (₹18,000 cr), multiple people aware of the development, said. The company plans to offer 15-20% stake through the proposed IPO that … Read more