ET Intelligence Group: What’s common among PN Gadgil, Arkade Developers, Bazaar Style Retail, Saraswati Saree Depot and Tolins Tyres? All these companies have strong regional businesses and have rolled out their IPOs in recent months. Several peers, with robust regional footprints, have debuted on stock exchange the past couple of years-often to provide exit to … Read more
Suzlon Energy shares hit a 5% upper circuit in Tuesday’s intraday session to its day’s high of Rs 78.05 on BSE after the global brokerage firm maintained its overweight rating on the stock with a target price of Rs 73 as the company won a 1,166 MW order from NTPC Green Energy. Suzlon has gained … Read more
Shareholder lock-ins worth $21 billion in 38 companies will be lifted between today and November 30. The value pertains to the opening of total locked-in shares but it is important to note that not all of these shares will come for sale as a sizeable portion of these shares are also held by promoters and … Read more
Mumbai: The majority of this year’s initial public offerings (IPOs) have been hits – generating strong investor responses and delivering significant returns following substantial listing gains. About 38 IPOs have taken place so far in 2024 with an average listing gain of 25% and average returns after debuting at 49% till date. Four stocks – … Read more
Notwithstanding all the noise around froth and stress tests, mutual fund managers could not resist the charm of Dalal Street’s ‘Chote Miyan’ as the cash levels of smallcap schemes dropped 49 basis points in March. So what did our money managers do with the cash? While a part of it could have been spent in … Read more
The initial public offer (IPO) of namkeen and wafer maker Gopal Snacks opened for subscription today. The issue is completely an offer for sale (OFS) of up to Rs 650 crore. Ahead of the issue opening, the Rajkot-based company has garnered Rs 194 crore from anchor investors. Gopal Snacks IPO review Analysts are mixed on … Read more
ET Intelligence Group: Rajkot-based ethnic snacks company Gopal Snacks is rolling out a ₹650-crore offer for sale in which the promoters are diluting over 12% of their stake from 93.5% to 81% in the company to repay personal debt taken towards forging a family settlement. No proceeds from the IPO are going to the company. … Read more
