PN Gadgil Jewellers, the second largest organised jewellery players in Maharashtra, has announced that its initial public offer (IPO) will be launched on September 10. The issue size is pegged at Rs 1100 crore. The company’s IPO comprises a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. … Read more
NEW DELHI – SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan … Read more
Mumbai: Mahindra & Mahindra-backed motorcycle maker Classic Legends is planning an initial public offering (IPO) in the financial year starting April 1, 2026, cofounder Anupam Thareja said. The company manufactures and markets the Jawa, Yezdi and BSA motorcycle brands in India and overseas in the price range of ₹170,000 to ₹300,000. Classic Legends had acquired … Read more
After an oversubscription on the first day of the bidding process, the initial public offering (IPO) of Gala Precision Engineering was subscribed over 20 times on day 2. The issue opened for bidding on September 2 and will be closing on September 4. As of 11:30 am on day 2, the strongest demand was driven … Read more
Amid concerns around manipulation and froth in the SME IPO market, ace investor Ashish Kacholia said market participants are taking a sledgehammer to the entire SME ecosystem, just because a few companies have gone rogue. The market veteran is of the view that regulators shouldn’t throw the baby out of the water and throttle fresh … Read more
Reflecting the growing trend of investing in IPOs for listing gains, a Sebi study shows that 54% of IPO shares are sold within a week from listing by non-anchor investors. Based on data from 144 mainboard IPOs listed between April 2021 and December 2023, the study found that about 54% of IPO shares (in value … Read more
The previous highest amount raised through the market was in February when companies collected approximately Rs 7,500 crore. In July, companies raised around Rs 5,063 crore. August also saw several new-age companies, including marquee names like Ola Electric, Unicommerce, and Brainbees Solutions, tapping the public markets. The highly anticipated IPO of Ola Electric successfully raised … Read more
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and … Read more
Mumbai: Premier Energies’ ₹2,830-crore initial public offering (IPO) was subscribed 74.4 times on the final day of bidding on Thursday, attracting bids worth over ₹1.49 lakh crore. The strong demand was driven by institutional investors, who placed bids worth ₹1.2 lakh crore. The institutional demand for Premier Energies was second only to Tata Technologies. In … Read more
Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, says we will have to get to a point where the regulator, merchant bankers, and the issuers themselves to start with, and thereafter, the media, social media particularly, will have to play a significant place. Otherwise, what was intended to be a good reform because of the … Read more
