Page 99 - Ipos

Hyundai Motor India's mega IPO: Will this be a Diwali bonanza for Seoul?

Despite contributing only 6.5 per cent of global revenues and 8 per cent of profitability, Hyundai's India unit will be valued at 42 per cent of the parent company's market capitalisation upon listing

It has been stock picker's market since quite some time now: Rajesh Bhatia

Our emphasis is on careful stock selection within sectors, rather than making significant overweight or underweight sector bets, Bhatia said

Garuda Construction IPO ends today: GMP falls flat; should you bid?

The three-day subscription window to bid for the Garuda Construction IPO, which has been oversubscribed 4.10 times, concludes today

'Ready to export to new electric vehicle markets if there is demand'

Unsoo Kim, president, CEO and MD, Wangdo Hur, executive director and CFO, and Tarun Garg, whole time director and COO of Hyundai Motor India outline their plans

Demat account tally tops 175 mn; rises by 4.4 mn in September 2024

Market experts view the steady pace of demat additions as a positive sign for market stability

Garuda Construction IPO gets subscribed 4.1 times on 2nd day of offer

The initial public offer of Garuda Construction and Engineering got subscribed 4.10 times on the second day of share sale on Wednesday. The initial share sale received bids for 8,16,77,366 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 6.73 times while the quota for non-institutional investors received 2.58 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription. Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on Thursday. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the pri

Hyundai to invest $3 bn IPO proceeds to enhance R&D, new car development

The IPO, which will be India's biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division

IPO lock-in exit wave: Bharti Hexacom, Bajaj Housing, DOMS, among others

Here is the list of the companies that will see the end of the lock-in period in the upcoming days, along with their key details

Garuda Construction IPO Day 2: GMP shows slight uptick; Should you invest?

The three-day subscription window to bid for the Garuda Construction IPO will conclude on Thursday, October 10, 2024

Hyundai Motor India IPO: Key details out; Check timeline, price, GMP & more

Hyundai Motor India IPO: Size, price band, lot size, key dates, GMP, objectives, and more - Everything you need to know about India's largest initial public offering

Investors subscribe Garuda Construction IPO 1.9 times offer size on Day 1

The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday. The initial share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 3.43 times while the quota for non-institutional investors received 1.10 times subscription. The category for Qualified Institutional Buyers (QIBs) attracted a mere 2 per cent subscription. Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on October 10. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the

Sebi greenlights NSDL IPO: NSE, HDFC Bank among others to pare stakes

The Sebi nod for the NSDL IPO came more than a year after the company submitted its DRHP to Sebi on July 7, 2023

Zinka Logistics gets Sebi nod for Rs 550-cr IPO; key details for investors

Through the IPO, Zinka Logistics is offering a fresh issue of shares of up to Rs 550 crore and an offer for sale of up to 21.61 million equity shares, with a face value of Re 1 apiece

Garuda Construction IPO opens: GMP rises marginally; should you subscribe?

Garuda Construction has succeeded in garnering reviews from several brokerages including Anand Rathi Research, SMIFS, and Arihant Capital Markets for its IPO

Market Today: State elections, Israel War, Oil, Garuda Construction IPO

At 6:38 AM, GIFT Nifty Futures were trading 114 points lower at 24,871, indicating a potential gap-down opening for Indian markets.

3 startups look to raise $400 mn as US biotech IPOs gain traction

September was the busiest month for healthcare IPOs this year, Dealogic data showed. Strong debuts by companies such as BioAge Labs and Bicara Therapeutics have also encouraged listings

Hero Motors withdraws DRHP documents for raising Rs 900 crore through IPO

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth Rs 900 crore, an update with markets regulator Sebi showed on Monday. In its draft papers, the company had proposed to raise Rs 500 crore through a fresh issuance of equity shares and an offer for sale (OFS) of shares valued at Rs 400 crore by promoters. Under the OFS, O P Munjal Holdings was offloading shares valued at Rs 250 crore while Bhagyoday Investments and Hero Cycles were selling shares to the tune of Rs 75 crore each. It had filed its draft red herring prospectus (DRHP) in August with Sebi to seek the regulator's nod to float IPO. Without disclosing the reason, the company said its "DRHP (was) withdrawn on October 5, 2024". Going by the draft papers, proceeds from the fresh issue was proposed to be used for debt payment and purchase of equipment required for expansion in the capacity of the company's facility in Gautam

Garuda Construction IPO: 23% GMP, Rs 1,400-cr order book; should you bid?

The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each

IPO mkt braces for slowdown; 2 new issues targeting Rs 365 cr next week

After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore. There were 12 IPOs in the mainboard segment and 40 in the SME (small and medium enterprise) segment in September. IPOs scheduled for next week, beginning October 7, are Garuda Construction and Engineering on the main board and Shiv Texchem on the SME segment. Garuda Construction is seeking to raise Rs 264 crore, and Shiv Texchem is aiming for over Rs 101 crore through their respective IPOs available for public subscription during October 8-10. The stock market has seen a significant correction in the equity market since the start of October amid intensifying conflict between Israel and Iran. Despite the temporary slowdown, overall, the outlook for the IPO market is promising, with 26 firms proposing to raise Rs 72,000 crore presently holding Sebi's approval while another 55 .

The mother of all bear markets in equities is dead: Shankar Sharma

We have mastered the art of neutering the 'bear market villains' - speculation, inflation, war, disease - we have dealt with them all, Sharma said