Powerica and Sai Parenteral IPOs will open on March 24 amid mixed investor sentiment, while GSP Crop Science's ₹400-crore issue saw 1.61 times subscription
Powerica aims to raise ₹1,100 crore through a combination of fresh issue of 17.7 million shares worth up to ₹700 crore and an OFS of 10.1 million shares worth up to ₹400 crore
The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shareholding to public
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 1.94 per cent and 0.170 per cent higher, respectively
The unlisted shares of Central Mine Planning were trading at ₹183 in the grey market, commanding a premium of ₹11 or 6.4 per cent from the upper end price of ₹172
Sai Parenteral's ₹409 crore IPO comprises a fresh issue of 7.3 million shares worth up to ₹285 crore and an OFS of 3.2 million shares worth up to ₹124 crore
Personally, as an experienced investor, I would allocate more to mid, small-caps; if India grows faster than the world, these companies should grow faster too, said Kailash Kulkarni, CEO, HSBC MF.
The microfinance lender is targeting an AUM of Rs 9,000 crore in FY27
Sensex Today | Stock Market Highlights Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 1.07 per cent and 0.78 per cent higher, respectively
Sai Parenteral's IPO comprises a fresh issue of ₹285 crore and an offer for sale (OFS) of 3.2 million equity shares
PhonePe has temporarily deferred its IPO plans citing the West Asia conflict and volatile markets, though the company says it remains committed to pursuing a public listing in India
Central Mine Planning has set the price band for its maiden public issue in the range of ₹163 to ₹172 per share, with a lot size of 80 shares
Sensex Today | Stock Market Highlights, Monday: Broader markets underperformed. The Nifty MidCap and the Nifty SmallCap indices ended 0.43 per cent and 0.65 per cent down, respectively
Three companies -- travel technology firm Travelstack Tech, Learnfluence Education, which operates the 'Lakshya' coaching centres, and tea cafe chain Tea Post --have received approval from Sebi to raise funds through Initial Public Offerings (IPOs), according to an update from the market regulator on Monday. Meanwhile, Rays Power Infra, Madhur Iron & Steel and Arjun Jewellers saw their documents "withdrawn or returned" during March 9-13, the update showed. The development comes at a time when Indian equity markets are under pressure due to the ongoing conflict in West Asia. So far this year, 12 companies have tapped the IPO market to raise funds. One issue is currently underway, while few others are expected to hit the market later this month. According to Sebi data, Travelstack Tech, Learnfluence Education and Tea Post had filed their preliminary IPO documents between June and December and received the regulator's observations during March 10-11. In Sebi's terminology, the ...
PhonePe on Monday announced it has temporarily deferred its public market listing process due to the current geopolitical conflicts and market volatility and will resume the listing process once there is some stability in global capital markets. Sameer Nigam, PhonePe's CEO said, "We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India.
The public issue is being offered at a price band of $10-$10.5 per share, in a fully dollar-denominated offering, and is accessible to eligible global investors
GSP Crop Science has set the price band for the issue in the range of ₹304 to ₹320 per share, with a lot size of 46 shares
Sensex Today | Stock Market Highlights Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 2.62 per cent and 2.52 per cent down, respectively
Two mainboard public issues, GSP Crop Science and Central Mine Planning & Design Institute, scheduled to open for subscription next week
Innovision has revised the price band to ₹494-519 per share from the earlier ₹521-548 per share