Reacting to the development, shares of Manappuram Finance plunged as much as 7.45% to a low of Rs 163.40 apiece on the BSE on Wednesday
The category for Retail Individual Investors (RIIs) got subscribed 8.25 times and that for non-institutional investors received 3.63 times subscription
The issue is entirely an offer for sale (OFS) aggregating up to 2.98 crore equity shares by the selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi
Previously, in 2022, MobiKwik planned to raise Rs 1,900 crore through its IPO, comprising a fresh issue of shares of up to Rs 1,500 crore and an offer for sale of up to IRs 400 crore
Of the 12 startups looking to launch IPOs this year, eight have incurred a cumulative loss of Rs 8,000 crore, including Swiggy, and Ola Electric
Besides Invesco, US-headquartered asset management firm Baron Capital had also marked up the value of its stake in Swiggy to $8.54 billion in August last year
The company is planning to list its shares for the second time in nearly 10 years
The equity shares of both companies are proposed to be listed on NSE and BSE
It will also be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE
The Ghaziabad-based company intends to expand its production capacity by raising capital through an initial public offering (IPO)
The initial public offering (IPO) is purely a fresh issue of up to 98,47,000 equity shares with a face value of Rs 10 each, according to the draft red herring prospectus (DRHP) filed on Dec 27
SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity
The average listing gain for all the 59 IPOs is 26.3 per cent and their average gain as of December 29 is 45 per cent and only four of the 59 main-board IPOs are traded below the issue price
Waaree Energies is the first solar manufacturer to go for initial public offering
Analysts attribute these gains in the newly listed stocks to buoyant secondary markets, the enthusiastic participation of retail investors in IPOs, and strong foreign portfolio investor flows (FPIs)
The 161 businesses which are listed in the SME segment of Indian stock exchanges allocated nearly 94 per cent of the money raised to meet company requirements
Solar panel maker Waaree Energies on Friday filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO)
On the NSE, the stock listed at Rs 720, up 37.40%. Shares of the company ended at Rs 673.25 per piece, a jump of 28.48%
Firstcry IPO: Brainbees Solutions will sell shares worth Rs 1,816 crore and existing investors, including SoftBank, will sell up to 54.4 million shares
As many as 12 companies raised Rs 8,931.69 crore through initial share sales this month, making it the best IPO month in two years