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 …
The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to …
Last month, Reddit gave 75,000 power users first dibs on stock before the company goes public later this year. Though Reddit may have pitched the move as a “special program,” popular opinions within the Reddit community show that reception has been mixed. “I got requested to join the IPO, and I ain’t taking that risk,” …
After a successful IPO, the shares of Owais Metal and Mineral Processing debuted on the NSE SME platform on Monday with a premium of 187.4%. The stock was listed at Rs 250 as against an issue price of Rs 87. Ahead of the debut, the GMP of Owais Metal was robust at Rs 140. The …
Swiggy, one of India’s leading food delivery platform, announced plans to cut nearly 400 jobs across various teams. According to a report by The Economic Times, this significant downsizing, representing roughly 6% of Swiggy‘s workforce in India. According to the report, the layoffs are expected to impact employees across technology teams, call centres and even …
Mumbai: The momentum of India’s primary market is poised to accelerate in 2024 with companies looking to raise more than ₹1 lakh crore through initial public offerings (IPOs), twice the ₹49,434 crore raised in 2023. The average size of such offerings is also expected to more than double to ₹2,000 crore, with several large-sized IPOs …
Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market.Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of …
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore …
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 …