Fiscal year 2023-2024 saw as many as 88 companies accessing the public markets and most of them made robust debuts. Around 70% of the issues that hit the markets in FY24, are still trading above the issue price. Here are the top 5 performing IPOs in the year. . Source link
India’s IPO fundraising has dropped 26% in the first half of the current fiscal year, compared with the same period a year ago. About 31 companies raised Rs 26,300 in the primary market as against Rs 35,456 crore in the previous-year period, according to data from primedatabase.com. The shortfall was mainly on account of the … Read more
Continuing the trend of strong listings in the second half of the year, Netweb Technologies shares listed at a robust premium of nearly 90% on the exchanges on Thursday. During the day, the shares jumped to hit a high of Rs 953 over the issue price of Rs 500. It is currently trading at Rs … Read more
The shares of Netweb Technologies will be listed on the exchanges on Thursday and grey market trends indicate strong returns to investors on the listing day. The company’s shares are commanding a premium of around Rs 390, and considering the upper price band of Rs 500, the stock is likely to debut at a solid … Read more
The initial public offer (IPO) of high-end computing solutions (HCS) provider Netweb Technologies opened for public subscription on Monday. The IPO, which closes on July 19, comprises a fresh equity issue of Rs 206 crore and an offer for sale (OFS) of 8.5 million equity shares. Most analysts advise investors to subscribe to the IPO … Read more
The initial share sale of Netweb Technologies will open for public subscription on Monday and closes on July 19. Ahead of the IPO, the company has raised Rs 189 crore from anchor investors. It had allocated about 37.80 lakh shares at Rs 500 per share, which includes a share premium of Rs 498 per share … Read more
The IPO market has picked up pace in the second half of the year with three issues — Ideaforge, Cyient DLM, and Senco Gold —delivering strong listing gains to investors. In the upcoming week, two more IPOs are set to hit the markets including the mainstream one of Netweb Technologies. The other issue is Asarfi … Read more