Page 4 - Ipos

NSE breaks into top 10 BSE market-cap league on debut; beats HUL, Titan

NSE's market capitalisation increased to ₹4.62 trillion to reach 10th position on the BSE, following a 5% rise in Thursday's debut trading session; beating HUL, Sun Pharma and Titan in ranking.

Datanomics: NSE becomes fourth mega IPO to alter issue size since FY05

NSE's ₹22,569-crore IPO is the largest among four mega issues that changed their original size

PM Cona Ind files draft IPO papers to raise ₹120 cr via fresh equity

Electrical products maker PM Cona Industries Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 120 crore and an offer for sale (OFS) of 45 lakh equity shares by promoter Prakash Naraindas Motwani, according to the draft red herring prospectus (DRHP) filed on Tuesday. The company plans to use the proceeds from the fresh issue for capital expenditure, including purchase of plant, equipment and machinery, setting up 50 new display showrooms, brand building and marketing initiatives, and general corporate purposes. Mumbai-based PM Cona Industries is an established manufacturer of electrical products, primarily catering to the low-voltage electrical equipment market for domestic and commercial applications. The company manufactures fast-moving electrical goods and wires under the 'PM CONA' brand. The equity shares are proposed to be listed on BSE

Sebi plans review of merchant banking rules, IPO cost structure soon

Markets regulator will also review ICDR norms, including price bands and advertising requirements, as it seeks to simplify processes and lower public issue costs

Stock Market Close: Sensex gains 299 pts, Nifty ends at 23,447; metal pack rises 2%, IT sheds 1%

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.7 per cent and 0.89 per cent, respectively

Recently listed Manipal Payment zooms 20%; Asset Reconstruction soars 10%

Manipal Payment bounced back 26% from its listing day low, while Asset Reconstruction Company (India) recovered 23% on the BSE.

Elevate Campuses IPO gets 'neutral' call as valuations appear demanding

Elevate Campuses IPO: In the grey market, Elevated Campuses shares are trading at ₹367 apiece. This means that the listing gains could be 1.4 per cent.

Swastik Infra IPO: Analysts decode risks, valuation rationale, strategy

Most analysts are neutral on the Swastik Infra IPO as heavy dependence on government projects and customer concentration call for a 'wait and watch' mode for some time before investing.

Milky Mist Dairy Food surges 5%; up 127% from IPO price in five weeks

Milky Mist's share price hit a new high of ₹317.30, more than doubling or skyrocketing 127 per cent against its issue price of ₹140 per share.

Jindal Supreme shares off to a solid start, list at 31% premium on BSE

Jindal Supreme's IPO was a mix of a fresh issue of ₹100 crore and an offer for sale of ₹25 crore, with a total offer size of ₹125 crore. The IPO price band was set at ₹88-93 per share.

Big IPOs offer bigger exits to private equity backers and promoters

Secondary share sales provide founding owners and private equity backers an orderly exit mechanism without diluting a company's equity base or expanding its share float

Tumult at Bombay House: Tata Sons, Trusts were ready for casting vote clash

While legal opinion to Tata Sons is dated Sep 16, Tata Trusts had it for over three months

Orient Cables, AceVector, German Green Steel announce IPO price bands

Orient Cables has priced its IPO at ₹258-272 per share, AceVector at ₹30-32, and German Green Steel and Power at ₹132-139; all three issues open on September 25

NSE IPO: 20 investment bankers earn ₹186 crore in fees, commissions

Banker fees accounted for nearly half of NSE's Rs 392.12 crore offer-related expenses, while advertising and marketing emerged as the second-largest cost head

Sunil Singhania-led Abakkus files for IPO, issue to be entirely an OFS

The IPO will comprise an offer for sale of up to 15 million equity shares by promoter Abakkus Expert Professionals LLP, representing a 10 per cent stake in the company

Runwal Enterprises aims to boost balance sheet via ₹500 crore issue

The Mumbai-based developer plans to use IPO proceeds to repay debt, invest in subsidiaries and fund acquisitions as it pursues an asset-light growth strategy

German Green Steel, Power IPO to open on Sep 25 with price band of ₹132-139

German Green Steel and Power Ltd will hit the primary market on September 25 with a Rs 304-crore initial public offering (IPO), as the iron and steel maker seeks funds to expand its manufacturing capacity and invest in renewable power. In a public announcement, the Gujarat-based company has fixed a price band of Rs 132-139 per equity share for its IPO, which is scheduled to close on September 29. The IPO comprises a fresh issue of equity shares worth up to Rs 290 crore and an Offer for Sale (OFS) of 10 lakh equity shares valued at Rs 13.9 crore. At the upper end of the price band, the issue size works out to around Rs 304 crore. The company has reduced its issue size as the earlier IPO plan comprised a fresh issue of up to Rs 450 crore and an OFS of up to 20 lakh equity shares. Proceeds from the fresh issue will be utilised for the expansion of the company's manufacturing facility at Samakhiyali, Kutch, Gujarat, and a hybrid wind and solar power plant, repayment of debt, and gener

Stock Market Close: Nifty snaps 4-day winning streak, ends at 23,329; Sensex falls 330 points

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.08 per cent and 0.23 per cent lower, respectively

NSE IPO receives $10 billion in bids after being subscribed 5.7 times

NSE's $2.3 billion IPO ​was subscribed 5.7 times by ​the end of the final ‌day of bidding on Monday as investors bet on continued equity market growth in Asia's third-largest economy.

Stock Market Close: Sensex rises 564 pts, Nifty at 23,414; pharma, FMCG, realty top sectoral winners

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.29 per cent and 0.07 per cent, respectively