Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

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

Trust Fintech IPO opens tomorrow: Check issue size, price band, GMP and other details

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 … Read more

SRM Contractors IPO opens Tuesday. 10 things to know before subscribing to the issue

The initial public offering (IPO) of SRM Contractors will open for subscription tomorrow. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 130 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue. 1) What is the business overview of … Read more

(RDDT) starts trading on NYSE

Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more

Dubai’s Parkin surges 30% in UAE’s first IPO of the year

Modern architecture, Dubai central business district and car traffic are seen from Sky Views Observatory on Dec. 13, 2023 in Dubai, United Arab Emirates. Dominika Zarzycka | SOPA Images | LightRocket DUBAI, United Arab Emirates — Shares of Dubai parking operator Parkin surged more than 30% Thursday as the company went public on the Dubai … Read more

Popular Vehicles and Services share price: Popular Vehicles and Services shares list at 2% discount to IPO price

The shares of Popular Vehicles and Services debuted on the exchanges with a discount of 2% on Tuesday. The stock listed at Rs 289.2 on NSE, compared to an offer price of Rs 295. Meanwhile, the stock listed at Rs 292, down 1% on BSE. Ahead of the listing, the company’s shares had no premium … Read more

Rekha Jhunjhunwala-backed Baazar Style Retail files IPO papers with Sebi

Kolkata-based Baazar Style Retail, which is backed by ace investor Rekha Rakesh Jhunjhunwala, has filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The issue is a combination of a fresh equity sale worth Rs 185 crore and an (OFS) of 1.68 crore shares by promoters and … Read more

IPO Calendar: 2 new issues, 9 listings to keep primary market ticking next week

The primary market takes a breather in the mainboard segment with no new issues opening next week, while the SME segment keeps ticking as 2 companies set to launch their public offers. In the last week, two mainboard IPOs of Popular Vehicles and Services and Krystal Integrated Services opened for subscription with an aim to … Read more

Popular Vehicles IPO opens for subscription. Should you bid for Rs 602-crore offer?

The initial public offer (IPO) of Popular Vehicles opened for subscription today. Ahead of the issue opening, the company has raised Rs 180 crore from anchor investors. The IPO, which closes on March 14, is a combination of fresh equity issue of 84 lakh shares and an offer for sale (OFS) of 1.19 crore shares, … Read more

Reddit to raise nearly $750 million in upcoming IPO

In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California.  Mario Tama | Getty Images Reddit aims to raise up to $748 million as part of its upcoming IPO, in which the social media company is seeking a valuation of about … Read more