Continuing the positive trend seen on the first day, the SME IPOs of TAC Infosec and Radiowalla Network, backed by marquee investors Vijay Kedia and Ashish Kacholia, respectively, were subscribed over 10 times on the second day of the bidding process. Here’s a look at all the details: TAC Infosec IPO The IPO of TAC …
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 …
Ace investor Madhu Kela-backed Rashi Peripherals IPO will open for subscription on Wednesday. Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 70 in the unlisted market. The IPO is entirely a fresh equity issue of Rs 600 crore with no offer-for-sale component. About 50% of the issue is …
Markets regulator Sebi has approved the IPO of Arkade Developers, CJ Darcl Logistics, Juniper Hotels, and Indo Farm Equipment. Arkade and Juniper are fresh issues while the other two comprise both fresh issues of equity shares as well as offer for sale (OFS). Juniper Hotels IPO Juniper Hotels, which runs hotels under the “Hyatt” brand, …
The initial public offer (IPO) of Nova Agritech will open for subscription on January 23, instead of January 22 due to a stock market holiday. The issue will close on January 25. The share allotment for the public offer will be done on January 29 and the company is gearing up for January 31 listing. …
After an overwhelming response to the IPO, the shares of Tata Technologies are in high demand in the unlisted market with the GMP as high as Rs 412. Considering the upper price band of Rs 500, the stock is expected to list at a massive premium of Rs 82% over the issue price. However, it …
Amid a flurry of activity in the primary market, Sebi chief Madhabi Puri Buch said the regulator will address the issue of exorbitant valuation of initial public offerings Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better …
The investment landscape is ever-evolving, with mutual funds often finding themselves at the decision-making crossroads, primarily when investing in Initial Public Offerings (IPOs). IPOs represent both opportunity and risk. This article explores the rationale behind mutual funds investing in IPOs, the risks involved, and the impact on investors. What is Mutual Funds’ Attraction to IPOs …
Apart from the much-awaited public issue of Tata Technologies, three other IPOs (Fedbank Financial, Flair Writing and Gandhar Oil Refinery) will open for public subscription on Wednesday. Here’s a look at how the shares of these companies are stacked up in the grey market. Gandhar Oil Refinery Gandhar Oil Refinery shares are commanding a premium …
TBO Tek, a leading travel distribution platform, has filed a draft offer document with market regulator Sebi to raise funds through an IPO. The issue includes fresh equity of Rs 400 crore and an offer for sale of up to 1.56 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel and other …