Kanohar Electricals, Arcil and Glass Wall Systems announce IPO price bands as Lumino Industries lists at a 35% premium and Rays of Belief sees nearly 108x subscription
Pranav Constructions has set a ₹118-124 price band for its ₹351-crore IPO, comprising a fresh issue of ₹315.6 crore and an OFS worth ₹35.4 crore
IPO action stays strong as Symbiotec Pharmalab and Hy-Tech Engineers post solid debuts, while ESDS Software and Priority Jewels see triple-digit subscription demand
Shares in fast-fashion online retail giant Shein lost around 10 per cent after it began trading on Hong Kong's stock market Tuesday, after a long delay in the company's plans to list its shares publicly. Shein raised about USD 1.7 billion, priced at 48.56 Hong Kong dollars (USD 6.19) a share, in its initial public offering in Hong Kong in one of the city's biggest new share sales this year. "Shein's Hong Kong listing marks a new starting point," said Leigh Gui, Shein's chief financial officer, in a short speech at its listing ceremony. But in early trading, the shares fell to around 44 Hong Kong dollars. Shein's appeal to customers has been built on ultra-fast, affordable fashion, delivered from China to the West in just days. The end of "de minimis" tariff exemptions in the US and the European Union has raised duties for low-value parcels from China, including Shein's products, as well higher logistics costs caused in part by the war in Iran, have squeezed the company's low-price
Shein raised $1.7 billion in its Hong Kong IPO at a $26 billion valuation, as slowing growth, tariffs and competition threaten the fast-fashion retailer's prospects
Madhuri Kela portfolio stock: MV Electrosystems listed on August 6; the stock rallied 37% in the last two days, and skyrocketed 80% against its issue price of ₹425 per share.
HSBC Global Investment Research initiated coverage on Manipal Hospitals with a 'Buy' rating and a target price of ₹1,000 per share.
Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery.
Tempsens Instruments' IPO garnered bids for 279.44 crore shares as against 1.51 crore shares on offer, resulting in a subscription of 184.07 times.
The regulator has directed promoter Harshawardhan Sabale to disgorge Rs 128.77 crore in unlawful gains and imposed monetary penalties on him and the company
Horizon Industrial Parks' share price opened at ₹60.25 on the National Stock Exchange (NSE), a premium of 0.42 per cent above the issue price.
Shiprocket and Behari Lal Engineering made strong market debuts, while Symbiotec Pharmalab set its IPO price band and Lalithaa Jewellery's issue saw 62.97x subscription
The company's fixed-price public issue will open for subscription on August 19 and close on August 21. The IPO price has been set at Rs 138 per equity share
The non-banking financial company plans to use proceeds to strengthen Tier I capital, support lending and expand its digital platform
India's IPO market raised a record ₹1.9 trn in FY26, but listing gains and subscription levels fell as investors became more selective on valuations, governance and earnings quality, finds report
Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending
Technocraft Ventures IPO review: Brokerages have shared mixed views. While SBI Securities has assigned a 'Neutral' rating, Anand Rathi and Swastika have recommended 'Subscribe'.
Analysts noted that Leap India is working capital-intensive, which raises concern over healthy cash flow conversion.
The Temasek-backed dairy company seeks a valuation of about $1.13 bn (₹10,778 crore) at the upper end of the price band after reducing its IPO size following a pre-listing stake sale
Manipal Health IPO GMP today: Ahead of the listing, Manipal Health's unlisted shares are trading at no premium in the grey market. It means Manipal Health IPO investors may not see listing gains.