The initial public offer (IPO) of JNK India opened for subscription today and will close on April 25. The company plans to raise around Rs 650 crore through the issue. The IPO comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth shares. … Read more
The shares of Radiowalla Network listed with a premium of 57.9% on the NSE SME platform on Friday. The stock debuted at Rs 120 apiece as against an issue price of Rs 76. Ahead of the listing, Radiowalla Network’s shares were trading with a premium of Rs 35 in the grey market. The public offer, … Read more
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 … 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
Indian stock exchanges BSE and NSE recorded the launch of as many as 92 initial public offerings (IPOs) in the quarter ended December, which catapulted them as global leaders in the primary market category in 2023. Of the 92 IPOs, 31 were main-board while the remaining 61 were from the small and medium enterprises (SMEs), … Read more
The initial public offering (IPO) of Entero Healthcare will open for subscription on February 9 and close on February 13. Through the IPO, the company plans to raise about Rs 1,600 crore. Here are 10 things to know before subscribing to the issue. 1) What is the business overview of Entero Healthcare? Entero Healthcare Solutions … Read more
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 … Read more
The shares of BLS E-Services had a bumper listing at the bourses on Tuesday, exceeding all expectations. The stock was listed at over 140% premium, after which, it rallied further and is currently trading 172% higher than the issue price on BSE. The public offer was priced at Rs 135 apiece. The IPO was also … Read more
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, … Read more
Leading hotel chain Apeejay Surrendra Park Hotels announced the launch of its maiden public offer on February 5. The Rs 920-crore issue will close on February 7. The IPO comprises a fresh equity issue of Rs 600 crore and an offer for sale (OFS) of Rs 320 crore. The price band for the IPO will … Read more
