Chairman Srinivas Injeti says concerns over potential conflicts in self-listing need careful management; describes NSE as 'family silver' for long-term investors
Sensex Today | Stock Market Highlights, Friday: The Nifty ended lower for the seventh straight week, registering its longest weekly losing streak since 2020.
Based on today's low and issue price of ₹429, ESDS IPO investors are currently enjoying a 310 per cent return in less than a month despite today's fall.
German Green Steel IPO Review: Analysts suggested observing German Green Steel's performance for one to two quarters post listing as the company is exposed to a highly cyclical industry.
The company is also planning to give employees a special class of stock that would serve as tie-breaker votes on some corporate issues
A-One Steels IPO review: Brokerages assigned a 'subscribe' rating to the issue, as earnings recovery, manufacturing scale, and planned debt reduction make it fundamentally interesting.
IPO-bound CJ Darcl is expanding into a trucker marketplace, alternative fuels, EVs and warehousing as it looks to sustain its revenue growth momentum
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 2.25 per cent and 1.53 per cent lower, respectively
Newly listed Hero Motors share price hit an intra-day high of ₹116.80, up 39% against its issue price of ₹84 per share on the BSE in Thursday's trading session.
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.
NSE's ₹22,569-crore IPO is the largest among four mega issues that changed their original size
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
Markets regulator will also review ICDR norms, including price bands and advertising requirements, as it seeks to simplify processes and lower public issue costs
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
Manipal Payment bounced back 26% from its listing day low, while Asset Reconstruction Company (India) recovered 23% on the BSE.
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.
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'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'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.
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