Page 101 - Ipos

Swiggy's recipe for success: DRHP reveals key ingredients ahead of IPO

As investors await further details for this buzzing IPO, here are some of the key details related to Swiggy, as outlined in the DRHP papers

Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

Akme Fintrade inks pact with MAS Financial for MSME co-lending; stock up 3%

The rise in Akme Fintrade share price came after the company said that it has partnered with MAS Financial Services for co-lending in the MSME sector.

Diffusion Engineers IPO Day 2: GMP up 54%; Should you invest or wait?

The unlisted shares of Diffusion Engineers were commanding a premium of Rs 90, which translates to a GMP of 53.57 per cent against the upper end of the IPO price of Rs 168

KRN Heat Exchanger IPO closes today: Should you invest amid 124% GMP surge?

KRN Heat Exchanger IPO has so far garnered a solid response from investors, receiving bids for 63,91,84,780 shares against 1,09,93,000 shares offered, resulting in an oversubscription of 58.14 times

SME IPO bet, aerial arts: Top personal finance stories of the week

What risks investors face when they back small and medium enterprises and how aerial art is becoming a popular fitness culture

Trade barriers with China will adversely impact us: NTPC Green Energy

DRHP lists several risks, of which China imports a major factor

IT solution provider Mouri Tech files IPO papers to raise Rs 1,500 crore

IT solution provider Mouri Tech has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The Hyderabad-based company's proposed IPO comprises a fresh issue of equity shares worth Rs 440 crore, and an offer-for-sale (OFS) of shares worth Rs 1,060 crore by promoters and an existing shareholder, according to the draft red herring prospectus (DRHP). The offer includes a reservation for subscription by eligible employees, Under the OFS, promoters Sujai Paturu, and Anil Reddy Yerramreddy will be selling shares worth Rs 615 crore, and Rs 316 crore, respectively. Further, existing shareholder Srinivasu Rao Sandaka intends to offload equity shares valued Rs 129 crore. The company may consider raising Rs 88 crore in a Pre-IPO Placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 165 crore will be used for debt payment of its subsidiary MT USA an

Icon Facilitators plans to raise funds via IPO; eyes Rs 100 cr revenue

Technical facilities management services provider Icon Facilitators on Thursday announced its plan to launch the initial public offer to raise money for expanding operations and is targeting Rs 100 crore revenue by FY27. Khambatta Securities Limited has been appointed as the book-running lead manager to oversee the IPO process, a company statement said. According to the statement, the company aims to achieve a remarkable milestone of Rs 100 crore in revenue by the financial year 2027. It reported Rs 49.84 crore revenue from operations in FY24 against Rs 42.96 crore in FY23. To support this ambitious growth trajectory, it stated that Icon Facilitators Ltd (IFL) is actively exploring an initial public offering (IPO). The IPO will provide the company with the necessary capital to expand its client base, strengthen its geographic presence across India, and invest in cutting-edge technologies to enhance its service offerings, it said. IFL Managing Director Dinesh Makhija said, "We are

Diffusion Engineers IPO opens today: GMP up 48%; is it worth your money?

The unlisted shares of Diffusion Engineers were trading at a premium of Rs 80, or 48 per cent against the upper end of the IPO price, reflecting positive market sentiments for the public issue

Manba Finance IPO allotment today: Check status, GMP, likely listing price

Once the allotment is finalized, investors can check the allotment status of the Manba Finance IPO by visiting the official websites of either BSE, NSE, or Link Intime

Mega IPOs to shine this Diwali: Hyundai, Swiggy, NTPC Green set for launch

Market experts suggest that these IPOs could cap a record-breaking year for India in terms of equity capital raising

Stock Market Today: Nifty expiry, Israel conflict & Kalana Ispat IPO debut

The uptrend was signalled by GIFT Nifty futures that were trading about 50 points higher than Nifty futures' last close, at 26,047.50, around 7:30 AM.

IPO fundraise thus far in 2024 third highest in primary market history

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

Final Hours! Manba Finance IPO closes today: GMP up 48%; should you apply?

Several brokerage firms, including Swastika Investmart, SMIFS, and BP Equities, have shared their reviews on Manba Finance IPO for the investors

KRN Heat Exchanger IPO GMP zooms 108% on opening day: should you subscribe?

KRN Heat Exchanger's shares are commanding a premium of Rs 239, which translates to a GMP of 108 per cent, against the upper end of the IPO price of Rs 220

Sebi probes six local investment banks over handling of small IPOs

The investigations follow efforts by Sebi to warn investors about the dangers of investing in some small businesses as well as plans for tighter rules for such IPOS

Swiggy's IPO plan gets green light from Sebi; launch likely in November

Before Swiggy launches its IPO, it will have to place its updated draft red herring prospectus (UDRHP) in the public domain for at least 21 days

NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO

State-owned power generator also seeking leeway on certain listing regulations

Eyeing entry into affordable housing loans: Godrej Capital MD & CEO

Shah discussed NBFCs' recent plans for affordable housing and initial public offerings