After a record subscription for the IPO, shares of Kay Cee Energy and Infra listed on the NSE SME platform on Friday with a bumper premium of 366.7%. The stock was listed at Rs 252, compared with an issue price of Rs 54. The public offer of Kay Cee Energy and Infra was subscribed 959 … Read more
Shares of Alibaba-backed Robosense Technology fell 2% on its Friday debut in the first new listing on the Hong Kong stock exchange this year. Robosense, a Chinese developer of laser imaging, detection and ranging (LiDAR) sensors for self-driving cars, announced January that it had raised HK$985.12 million ($126.14 million) in its IPO by offering 22.9 … Read more
Vineeta Singh, Co-Founder & CEO, Sugar Cosmetics, says “We have already crossed Rs 500 crore revenue in FY24 and we are expecting to close FY24 at a 500 plus crore net revenue. ” Singh also says: “We are looking at about a two to three years’ timeline in terms of an IPO because it is … Read more
Mumbai: The momentum of India’s primary market is poised to accelerate in 2024 with companies looking to raise more than ₹1 lakh crore through initial public offerings (IPOs), twice the ₹49,434 crore raised in 2023. The average size of such offerings is also expected to more than double to ₹2,000 crore, with several large-sized IPOs … Read more
Mumbai: Another private sector life insurer is set for a market debut after a gap of six years. IndiaFirst Life Insurance received approval for an initial public offering from the capital markets regulator Sebi in March last year and aims to float the issue by March. The company is meeting investors to gauge the market … Read more
After a busy December, the primary market will take a breather with no issues opening next week. However, seven SME companies will see their shares listed on the exchanges. The SME segment will see Balaji Valve Components, Sameer Agro and Infra, AIK Pipes, Akanksha Power, HRH Next Services, Manoj Ceramic and Kay Cee Energy debut … Read more
Shares of Supreme Power Equipment listed with a premium of 50.8% on the NSE SME platform on Friday. The stock was listed at Rs 98 on NSE. Ahead of the listing, the company’s shares were trading with a premium of Rs 31 in the unlisted market. The IPO was priced in the range of Rs … Read more
Mumbai: India reported the second-highest number of initial public offerings (IPO) in the world after China in 2023, according to data from Bloomberg. The world’s most populous and fastest-growing economy recorded 240 IPOs during the year helped by a steady inflow from domestic investors amid a buoyant stock market. Of these, 58 companies raised funds … Read more
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, … Read more
MUMBAI: Lovable Lingerie is the third-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat the performance of Page Industries, sellers of Jockey innerwear. It gained a third in about a week. But the small float and low delivery volumes is an alert against wagering on … Read more
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