Page 6 - Listing

Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO

Veteran industrialist and former Tata Group Chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company. According to the draft red herring prospectus (DRHP) filed on Thursday, Tata is offering to sell his entire 77,900 shares, amounting to a 0.02 per cent stake, of FirstCry. The Pune-based company's proposed Initial Public Offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 1,816 crore and an Offer For Sale (OFS) of up to 5.44 crore equity shares by existing shareholders, as per the draft papers. As a part of the OFS, SVF Frog, a Cayman Islands-registered entity of Softbank, will sell 2.03 crore equity shares of Brainbees Solutions Ltd, and automaker Mahindra & Mahindra (M&M) will offload 28.06 lakh shares of

Half a dozen companies to get listed this week in Indian equity market

Analysts said the returns, despite the subscription, could be muted as market activity will be a bit tepid during the holiday season

DOMS makes blockbuster debut; lists at 77% premium over issue price

DOMS offers well-designed and quality 'stationery and art material' products to consumers

India Shelter Finance makes robust debut; lists 26% higher over issue price

The company provides loans for house construction, extension, renovation, and the purchase of new homes or plots. The company also offers loans against property (LAP)

GIFT City gears up for direct listings, re-insurance in next growth phase

The first phase followed the creation in 2020 of a new regulator, the International Financial Services Authority, which outlined an ambition to create a welcoming place

Tata Technologies, Gandhar Oil IPO subscribed 2x on Day 1 so far

Flair Writing Industries was also off to a decent start, while FedBank Financial Services witnessed sedate demand so far.

Bumper listing: Stock of this SME debutant doubles against its issue price

Shares of Kalyani Cast-Tech locked in upper circuit at Rs 277.30, zooming nearly 100% from its issue price of Rs 139 on the BSE.

Indian companies await more govt action on direct overseas listing

The move follows remarks made by the Finance Minister, Nirmala Sitharaman, in September on permitting Indian companies to undertake "direct foreign listings"

MCA enforces provision for foreign listing of Indian public companies

A public company, according to the Companies Act, is a company which, unlike a private company, does not restrict the transfer of shares

Aeroflex makes stellar debut, lists at 83% premium over its issue price

Backed by famous investor Ashish Kacholia, Aeroflex made a strong debut on exchanges as shares listed at 83% premium of Rs 197.4 over its issue price of Rs 108 per share on the BSE

Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

IKIO Lighting dazzles on debut; stock lists at 38% premium over issue price

Shares of IKIO Lighting were listed at Rs 392.50, a 38 per cent premium over its issue price of Rs 285 per share on the National Stock Exchange (NSE) on Friday.

Westlife Foodworld makes its debut on the National Stock Exchange

Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE

Decision to get listed to be taken by shareholders: Future Generali MD

Future Generali India Insurance has been profitable since 2014 but the decision to list the company on exchanges would be taken by shareholders, managing director Anup Rau said on Thursday. Future Generali India Insurance Company Limited is a joint venture between the Generali Group with a majority 74 per cent stake, and remaining with the Future Group. India continues to be most attractive market for insurance players and premium for general insurance segment is expected to grow at 20 per cent in the next few years, he said. Meanwhile, private general insurer announced the launch of its new health insurance product DIY Health which offers flexibility and freedom to choose the coverage as per the customers' needs. This comprehensive product celebrates the power of choice, offering a base plan with 17 base features, complemented with a wide array of 20 modular features. This modular health insurance product would enable customers to not only choose the most relevant features as p

Global Surfaces makes stellar debut; zooms 23% over issue price

It earns 99% of its revenues from overseas markets like US, Canada and the Middle East. Segment wise, engineered quartz make for 83% of its revenue while natural stones make for 17%

Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE

The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share

Radiant Cash makes a decent debut, lists at 10% premium to its issue price

Post listing, the stock moved higher to Rs 110, 17 per cent higher over its issue price of Rs 94 per share on the NSE

Elin Electronics makes weak debut; lists 2% below issue price

Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent when compared with its issue price of Rs 247 per share.

Landmarks Cars makes weak debut; stock lists 7% below issue price

Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45

Droneacharya Aerial sees stellar debut, lists at 89% premium to issue price

Post listing, the stock froze 5 per cent upper circuit at Rs 107.10 and almost doubled or zoomed 98 per cent from its issue price