The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003
At 7:06 AM, GIFT Nifty futures also indicated a weak start for the bourses, trading 66 points lower at 25,410 levels.
Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year
Swiggy's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, is expected to launch its much-awaited Rs 25,000-crore initial share-sale for public subscription on October 14, people familiar with the development said on Thursday. This would be the largest initial public offering (IPO) in India after LIC's initial share sale of Rs 21,000 crore. According to the Draft Red Herring Prospectus (DRHP) filed in June, Hyundai Motor India's proposed IPO is entirely an Offer-for-Sale (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component. Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale. This development marks a significant milestone for the Indian industry, as it is the first automaker's initial share sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003. The South Korean parent is diluting s
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GIFT Nifty signals a gap-down opening for benchmark indices Sensex and Nifty50 on Thursday, hinting a weak start for the markets.
Move to reduce the fund and lower fees in prior funds is rare in Asia, and underscores challenges of investing in India where valuations have expanded given robust market for initial public offerings
The euphoria in the initial public offering (IPO) market shows no sign of a slowdown
The public issue of Vikran Engineering comprises a fresh issue of shares up to Rs 900 crore and an offer for sale (OFS) with promoter Rakesh Ashok Markhedkar offloading shares of up to Rs 100 crore
With the IPO, Midwest is offering a fresh issue of shares up to Rs 250 crore and an offer for sale (OFS) of up to Rs 400 crore
Shares of Northern Arc, which listed on September 24 on the bourses, surged after reporting strong quarterly results in the June quarter of FY25 (Q1FY25).
KRN Heat Exchanger IPO shares are expected to make their market debut on Thursday, October 3, 2024. Here's what the grey market premium (GMP) trends indicate about listing
Once the Diffusion Engineers IPO allotment is finalised, investors can check their status visiting the official websites of BSE, NSE, or Bigshare Services
As per the update on Sebi's website, Hyundai Motor India, which will be India's largest IPO at nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24
Dr Agarwal Health Care comprises a fresh issue of shares worth around Rs 300 crore and an offer for sale with promoters and other shareholders offloading up to 69,568,204 shares
Diffusion Engineers IPO has so far received a favourable response from investors, with bids for 24,42,32,032 shares against 65,98,500 shares offered, resulting in an oversubscription of 37.01 times
Once the allotment of KRN Heat Exchanger IPO is finalised, investors can check their status by visiting the official websites of BSE, NSE, or Bigshare Services
At 6:32 AM, GIFT Nifty futures were trading about 38 points lower at 26,307 levels, indicating a negative opening compared to the last close of Nifty futures.
Investors, the report suggests, are shifting towards larger, more valuable IPOs at the global level despite the reduced number of listings thus far in 2024