As the calendar year 2024 comes to a close, the primary market is sustaining the strong momentum seen throughout the year with 4 new IPOs opening for subscription next week. These include two in the mainboard segment from Mamata Machinery and Transrail Lighting. Apart from the new issue openings, the Street will see as many … Read more
The primary market will see its biggest offering till date from Hyundai Motor India next week as the automaker is planning to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs from Lakshya Powertech and Freshara Agro will also open for subscription next week. Further, the Street will also … Read more
Stock exchanges should learn to say ‘no’ to public listings of small and medium enterprises(SMEs), said a senior Sebi official on Monday. “I was a banker and I was told to say no when required,” Sebi whole-time member Ashwani Bhatia said at an industry event. “Nobody is saying no to SME listings, even when they … Read more
Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, says we will have to get to a point where the regulator, merchant bankers, and the issuers themselves to start with, and thereafter, the media, social media particularly, will have to play a significant place. Otherwise, what was intended to be a good reform because of the … 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 year 2023 has been a solid one for the SME companies with staggering subscription numbers and bumper listing gains for investors. From the SME IPO basket, 136 out of the 166 companies were listed and closed in positive territory by the end of the listing day. Further, many of them have even tripled investors’ … Read more
After an action-packed last week, there is some reprieve for investors in the primary market as there will be no new mainboard IPOs this week. Despite no new launches, five IPOs that hit the Street last week will likely see their shares getting listed. Among these, Tata Technologies, with a soaring GMP of over Rs … Read more
The initial public offering (IPO) of Arvind and Company Shipping Agencies will open for public subscription on October 12. The issue closes on October 10. Here are 10 things to know about the offer. 1) Company OverviewArvind and Company Shipping Agencies is engaged in the shipping industry business as a barge service provider. Part of … Read more
The SME segment is flooded with new public offers as companies look to take advantage of massive interest among investors. As many as three IPOs in the SME space opened for subscription today. Here’s a look at some of the key details Marco Cables & Conductors IPO Marco Cables and Conductors has come up with … Read more
Small is beautiful and micro marvellous. This appears to be the new guru mantra giving mind-blowing returns to investors. While the gravity-defying rally in smallcap and midcap stocks is causing heartburn to bluechip investors, the real money is being made in the much smaller and below-the-radar SME IPO market. Out of the 105 SME IPOs … Read more