IPO: Sugar Cosmetics turned profitable in December; looking at 2-3 years’ timeline for IPO: Vineeta Singh

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

IPO: IPO ring to get louder in 2024 with companies looking to raise more than Rs 1 lakh crore

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

IndiaFirst Life: IndiaFirst Life targets IPO launch by March

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

IPO calendar next week: No new issues to open but 7 SMEs to list

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

Supreme Power Equipment shares list with 51% premium over IPO price

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

IPO: IPO Street shines bright in 2023 on robust local demand, equity rally

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

Startup bubble fueled by Fed cheap money policy finally burst in 2023

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

Lovable Lingerie’s dream run on as traders lap it up

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

Foreign Institutional Investors: CPI data, FII mood among 8 factors to drive D-Street this week

After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more

Muthoot Microfin listing: Muthoot Microfin shares to list on Tuesday. What GMP signals ahead of listing?

Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market.Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of … Read more