After a hectic few weeks, the primary market will take a breather next week with no new mainboard issues scheduled next week. However, in the SME segment, there are three companies launching their IPOs. Apart from these, the Street will see listings of 12 IPOs including that of KRN Heat Exchanges, which received a massive … Read more
The shares of Akme Fintrade will list on the exchanges on Wednesday. Ahead of the listing, the company’s shares were trading with a GMP of Rs 18 in the unlisted market. Considering the upper price band of Rs 120, the stock is expected to list at a premium of 15% over the issue price. However, … Read more
Akme Fintrade’s Rs 132 crore initial public offer (IPO) opened for subscription on Wednesday. The issue, which closes on June 21, is completely a fresh equity sale of 1.1 crore shares. The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be … Read more
After a muted last week, a flurry of companies are set to launch their initial share sales, including three in the mainboard segment next week. The Street will see a total of seven IPOs in the upcoming week. In the mainboard segment, the public offers of Dee Development Engineers and Akme Fintrade will kick-off from … Read more
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 … Read more
