Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012
Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price
The stock hit a high of Rs 787 and a low of Rs 675 on the BSE before close
Share prices, trading activity slump amid rising uncertainty for startup listings
Stocks to Watch: Kaynes Technology will make its debut today. The issue price is fixed at Rs 587 per share
Shares of Five Star Business Finance opened at Rs 468.8 on the NSE and at Rs 449.95 on the BSE.
Yatra Online Inc said its Indian subsidiary Yatra Online Ltd has received capital markets regulator Sebi's clearance to float an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 750 crore by Yatra India and an offer for sale (OFS) of up to 9,328,358 equity shares, according to the draft red herring prospectus (DRHP). As part of the OFS, THCL Travel Holdings Cyprus Ltd and Pandara Trust - Scheme I through its trustee Vistra ITCL (India) would offload shares. Yatra Online Ltd has received the final observation letter dated November 17 from Sebi in connection with its DRHP filed in March, the Nasdaq-listed Yatra Online Inc said in a statement. In Sebi's parlance, receiving an observation letter implies its go ahead to float the IPO. The proposed IPO can open for subscription within a period of 12 months from the date of issuance of the observation letter, the statement noted. Going by the draft papers, the travel services provid
Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India's first public issue of retail REIT to raise around USD 500 million, sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet area valued around USD 3 billion. As per the sources, Nexus Select Trust has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of 2023 calendar year. The size of the initial public offer (IPO) of Nexus Select Trust REIT will be around USD 500 million, they added. This will be the third REIT sponsored by the Blackstone. It had earlier launched India's first REIT -- Embassy Office Parks REIT-- and then Mindspace Business Parks REIT. The REIT, a popular ..
Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic
Fairfax India owns a 54% interest in BIAL as it built up its shareholding after acquiring its initial stake in 2017
The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years
Retail portion just half covered; institutional investor and HNI portions subscribed 3.8x and 3x, respectively
CLOSING BELL: The S&P BSE Sensex is now just 265 points shy from its all-time 62,245 registered on October 19, 2021.
Bikaji Foods International listed at Rs 322.80, a 8 per cent premium when compared with its issue price of Rs 300 per share on the NSE.
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
Fusion Micro Finance made a dull debut on November 15, despite a confident market sentiment
CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.
New clause to help issuers gauge institutional investor demand
Kaynes Tech reported a net profit of Rs 10.05 crore and net sales of Rs 199.27 crore in the three months ended on June 2022
The initial share-sale of Inox Green Energy Services, a subsidiary of Inox Wind, was subscribed 85 per cent on the second day of offer on Monday. The Rs 740-crore IPO received bids for 5,70,13,780 shares against 6,67,21,310 on offer, as per NSE data. Retail Individual Investors (RIIs) category was subscribed 2.93 times, Qualified Institutional Buyers (QIBs) portion received 47 per cent subscription and non-institutional investors got 23 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 370 crore and an offer for sale of up to Rs 370 crore. The public subscription will conclude on Tuesday and has a price range of Rs 61-65 a share. Inox Green Energy Services has collected Rs 333 crore from anchor investors. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine ...