To undertake detailed examination into disclosures made by SME firm
After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore. There were 12 IPOs in the mainboard segment and 40 in the SME (small and medium enterprise) segment in September. IPOs scheduled for next week, beginning October 7, are Garuda Construction and Engineering on the main board and Shiv Texchem on the SME segment. Garuda Construction is seeking to raise Rs 264 crore, and Shiv Texchem is aiming for over Rs 101 crore through their respective IPOs available for public subscription during October 8-10. The stock market has seen a significant correction in the equity market since the start of October amid intensifying conflict between Israel and Iran. Despite the temporary slowdown, overall, the outlook for the IPO market is promising, with 26 firms proposing to raise Rs 72,000 crore presently holding Sebi's approval while another 55 .
IPO pipeline for the remaining part of CY24 remains strong. 25 companies plan to raise nearly Rs 63,550 crore and have Sebi's approval
Northern Arc Capital shares listed at Rs 351 on the BSE, reflecting a premium of 33.40 per cent against the issue price of Rs 263
Shares of Western Carriers (India) made a sluggish debut on the bourses, listing at Rs 170 against the IPO issue price of Rs 172 on the BSE
KFin Technologies is the registrar to the offer, while JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers to the issue
Shares of ECOS (India) Mobility & Hospitality (ECOS) were locked in the 20-per cent upper circuit, at Rs 592.95, on the BSE in Tuesday's intraday trade
Shares of auto parts manufacturer Kross made a sluggish start on the bourses on Monday. On the BSE, Kross shares listed at Rs 240, synonymous with its the issue price of Rs 240
This week alone, IPOs of 16 companies open for subscription, including Bajaj Housing Finance's smaller peer Sammaan Capital
In 2024 so far, 56 IPOs have raised Rs 65,000 crore, compared to just 20 IPOs raising slightly more than Rs 15,051 crore in the first eight months of 2023
Share market today, August 29, 2024: Indian equities are expected to open lower; US GDP, Reliance Industries (RIL) 2024 AGM, Premiere Energies IPO on radar
The divergence comes as Indian secondary-market stocks are among the priciest in the world, at about 24 times 12-month forward earnings
Chief Executive Officer William Cho said an Indian market debut is one of several options it's weighing to revitalise a decades-old consumer electronics business
The upcoming week is also poised to witness a flurry of public offerings for investors. Here are the full details of the upcoming IPO activities for next week:
All you need to know before market opens on Aug 8: Global stocks trade lower; GIFT Nifty hints at 150 pts gap-down; FIIs continue to sell; Nifty weekly expiry and RBI rate decision may set trend today
A GMP is the premium amount at which IPO shares are traded before they are listed on the stock exchanges. This also indicates investor sentiment towards public issues
August 2024 is also filled with numerous investment opportunities in several IPOs in India, starting with Ceigall India and Dhariwalcorp, which opened for subscription on August 1
The three-day subscription window of the Ceigall India IPO opens today. Should You Subscribe to the public issue? Here's what brokerages recommend
Ceigall India is an infrastructure construction company with expertise in specialised structural projects. The company intends to raise Rs 1,252.66 crore from the IPO
Ola Electric IPO price band to be announced on Monday