Consecutive weak listings by Studds Accessories and Orkla India have dimmed India's IPO frenzy, even as analysts flag valuation concerns and a cooling in grey market sentiment
Groww IPO Day 3 update: Check latest subscription status, GMP, allotment date, listing date, and other key details here
As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP) of Tenneco Clean Air India
Studds Accessories shares listed at ₹565 on the NSE, reflecting a discount of 3.5 per cent over the issue price of ₹585
As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP)
Orkla India stock opened at ₹751.5, a premium of 3 per cent on the BSE. The listing price was below the grey market estimates
Once the allotment is finalised, applicants can verify their allotment status online through the official websites of the BSE, NSE, or MUFG Intime India, the registrar to the issue
While Groww IPO attracts moderate interest, experts debate if peers offer better value for money
The UK-based firm eyes Rs 6,000 crore investment to expand Evonith Steel's capacity and explore acquisitions, with a public issue planned in 18-24 months
Edtech major to raise Rs 3,480 crore through fresh issue and OFS; proceeds to fund marketing, offline centre expansion, and tech infrastructure
Issue subscribed nearly 30x on last day of bidding
The company, which provides payment solutions such as point-of-sale terminals, slashed the portion offered by existing investors by 44% and new shares by 20% in its updated prospectus filed on Friday
As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce enablement platform Shiprocket, have secured Sebi's approval to raise funds through initial public offerings (IPO), an update with the markets regulator showed on Monday. Others that received regulatory approval are Rajputana Stainless, Skyways Air Services, German Green Steel and Power, Allied Engineering Works, and Manika Plastech. All seven companies, which filed their preliminary IPO papers with Sebi between May and July, obtained its observations during October 14 to 31, the update showed. In regulatory terms, Sebi's observation is equivalent to clearance for launching a public issue. The approval comes at a time when the Indian market is experiencing a boom in primary market activity. Meesho's proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 4,250 crore and an offer for sale (OFS) of 17.57 crore equity shares by certain existing shareholders.
Lenskart IPO Day 1 update: Check latest subscription status, grey market premium (GMP), reviews, timeline, and other key details here
The digital investment platform's IPO will open on November 4, with Tiger Global and Peak XV Partners set to pare holdings amid a boom in retail participation
Lenkart IPO Open: Adding to the positive sentiment, early trends in the grey market indicate a favorable start for the public offering
As investors await the opening of the public issue, here are 10 things they should know before investing their money in the IPO
The Tamil Nadu-based dairy brand plans to use IPO proceeds for debt repayment, expansion of its Perundurai plant, and strengthening its premium FMCG portfolio
Midwest IPO witnessed robust investor interest, getting oversubscribed 87.9 times overall, driven largely by strong participation from non-institutional investors (NIIs), whose quota was booked 168.0
Om Power Transmission Ltd has filed draft papers with market regulator SEBI to mobilise funds through an initial public offering (IPO). The IPO comprises a fresh issue of 90 lakh shares and an offer-for-sale of 10 lakh shares by promoters, according to the draft red herring prospectus filed with Sebi. Proceeds from the fresh issue will be deployed for funding capital expenditure requirements towards the purchase of machinery and equipment, pre-payment or repayment, in part or full, of certain outstanding borrowings, funding long-term working capital requirements, and for general corporate purposes. Ahmedabad-based Om Power Transmission is engaged in executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects, and providing comprehensive operation and maintenance (O&M) services. The company has commissioned over 1,000 circuit kilometres (CKM) of transmission lines and 11 substations, with more than 450 CKM of lines and .