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
Vibhor Steel Tubes IPO received the highest subscription so far at nearly 300 times, driven by strong non-institutional and retail interest. Post the overwhelming response, the company is likely to finalise the share allotment later today. The whole allotment process will be overseen by a registrar and investors will get the shares on a lottery … Read more
Hyundai Motor’s planned $3 billion IPO in India will help the carmaker score two goals in one go: expand in one of the world’s fastest growing markets and tackle the so-called “Korea discount” that suppresses the value of its business back home. Hyundai, India’s second-biggest carmaker behind Maruti Suzuki with a 15% market share, has … Read more
Arm CEO Rene Haas and executives cheer as Softbank’s Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023. Brendan Mcdermid | Reuters Shares of chip designer Arm climbed almost 30% in extended trading Thursday morning after the company reported better-than-expected earnings Wednesday and a … Read more
Shares of Megatherm Induction listed with a premium of 108.3% on the NSE SME platform on Monday. The stock debuted at Rs 220 as against an issue price of Rs 108. Ahead of the listing, the company’s shares traded with a premium of Rs 111 in the unlisted market. The IPO was entirely a fresh … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
ET Intelligence Group: Jana Small Finance Bank (JSFB) plans to raise ₹462 crore through fresh equity to augment capital base and up to ₹108 crore through an offer for sale by some of the existing investors. The promoter Jana Holdings’ stake will fall to 22.5% after the IPO from 25.2%. Ramesh Damani, Ashish Kacholia, Vallabh … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
ET Intelligence Group: Investors can consider investing in the initial public offering (IPO) of Kolkata-based Apeejay Surrendra Park Hotels. Presence in prime locations, highest occupancy in the industry, following a conscious strategy of pricing its rooms more attractively than its peers, well-calibrated expansion and reasonable valuation are among the key factors investors can consider while … Read more
Nifty ended with weekly gains of 2.3% with leadership taken by IT stocks. In terms of gains, PSU Banks trumped all other sectors. When markets resume trading on Monday, a host of important domestic and global events lined-up during the holiday-truncated week are likely to impact them. “Benchmark indices snapped a two week losing streak … Read more
