New rules likely to be issued without taking it up with the board
A study by markets regulator Sebi highlighted flipping behaviour among investors in the initial share-sale market with investors (excluding anchor) selling 54 per cent of IPO shares allotted to them by value within a week. The study found a strong disposition effect (tendency to prematurely sell assets that have made financial gains) with investors showing a greater propensity to sell IPO shares that posted positive listing gains, compared to those that listed at a loss. In light of the increasing participation of retail investors and the heightened oversubscription in recent IPOs, the Securities and Exchange Board of India (Sebi) conducted an in-depth study to analyze investor behaviour in main-board IPOs. The study encompasses data from 144 IPOs listed between April 2021 and December 2023. During the study period, 144 IPOs collectively raised a total of Rs 2.13 lakh crore. Notably, 65 per cent of the total issue size was Offer for Sale (OFS), through which the pre-existing ...
But derivatives trading turnover thaws, rising as investors warm up to short-term bets
Rose Valley Group had amassed substantial deposits from the public under false/fraudulent promises of high returns
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The revenue and gross margin forecast for the current quarter were not far from analysts' expectations
Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale, Chief Operating Officer Manoj Verma said earlier this month
HouseEazy, a marketplace for resale homes, has raised USD 7 million from investors to grow its business. In a statement, HouseEazy said the company has raised USD 7 million in a series-A funding round. This round was a mix of equity and debt led by Chiratae Ventures and saw participation from Alteria Capital and existing investor Antler, it added. The company had previously raised the seed financing round 7 months back in December 2023. The funds will be used to fuel the organisation's growth across new geographies in NCR, strengthening brand presence, team expansion and product enhancement, HouseEazy said. Tarun Sainani, Co-founder, HouseEazy, said, "In the primary market, the real estate developer typically serves as the anchor, but no single player was addressing all the needs of resale buyers and sellers. These transactions were traditionally conducted with multiple stakeholders, leading to inherent risks and lengthy closure times." "We've completely re-engineered the process
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Commodity major declares second interim dividend of Rs 19 a day after OFS concluded
Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments, Vice President Jagdeep Dhankhar said on Wednesday. He also said that India's new-age digital technologies and its space programme offer huge opportunities for Africa to increase cooperation with India. "Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments," Dhankhar said. He was addressing CII's India-Africa Business Conclave here. He added that India's Duty-Free Tariff Preference (DFTP) scheme offers enormous opportunities for mutual development. The vice president said that resurgent Africa and rising India can give a strong impetus to south-south cooperation specially in areas like clean technology, climate-resilient agriculture, maritime security, and connectivity. "India
Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster coverage, have been handing investors double-digit returns
Investor tide swells by 1.2 million, reaching 48.1 million
Now a dominant ingredient, with holdings topping 10% of the free-float mcap
Outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations
While the overall sentiment remains optimistic, it has fallen considerably from the all-time high levels in the January-March quarter this year
Understandable if govt decided not to bear exchange and capital appreciation risks on SGBs anymore, but this would be a pity for investors who would no longer have this option to balance portfolios
Explained: What is Hindenburg Research, what is short-selling and how much profit did the US firm make on its 2023 Adani Group report
Slew of relaxation to bring more under the formal fold
The massive selloffs had come after a higher-than-expected US unemployment rate on Friday sparked worries