Page 9 - Listing

MobiKwik IPO creates Rs 300-crore windfall for its 470 employees

Fintech major MobiKwik, which has filed its draft red herring prospectus (DRHP), on Tuesday said the listing should provide a bountiful rewards to its employees through the ESOPs issued to them. The company, under its ESOP 2014 Scheme, has reserved 4.5 million equity shares for creating a pool of ESOPs for the benefit of the eligible employees. MobiKwik Chairperson, co-founder and COO Upasana Taku said the number of equity shares that would arise from the full exercise of options granted implies 7 per cent of the fully diluted outstanding shares. "This 7 per cent compares to less than 2 per cent holding for most other internet companies that are coming up for listing... Over the last decade, MobiKwik has grown on the strength of its employees to become a leading fintech player in India. As we cement our presence and leadership further, we wanted to acknowledge and reward our employees for their efforts," she added. The Gurgaon-based company - which has about 470 employees - had fil

Gupta's exit doesn't warrant disclosure under listing regulations: Zomato

Online food delivery platform Zomato on Saturday said it did not disclose the exit of its co-founder Gaurav Gupta to the bourses

Ami Organics, Vijaya Diagnostic make strong stock market debuts

Ami Organics' stock closed at Rs 935, with a gain of Rs 325, while Vijaya Diagnostic finished at Rs 619, with a gain of Rs 88.

Sensex ends 235 pts off day's high, up 69 pts; ZEEL surges 40% ahead of AGM

Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent

Ami Organics makes strong debut, lists at 49% premium over issue price

Post listing, the stock hit a high of Rs 929 and a low of Rs 841 in intra-day trade

Govt may announce overseas listing rules in next Budget: Revenue Secretary

Direct listing of securities overseas by Indian entities is allowed but there are certain issues which need to be sorted out for this to become a success, he said, without elaborating on the hurdles

Banks, RIL help lift Sensex 403 pts; Bajaj duo gain up to 8%, Tata Steel 4%

The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively

Aptus Value Housing Finance makes weak debut, lists 7% below issue price

The stock got listed at Rs 329.95, a 7 per cent discount to the issue price of Rs 353 on the BSE

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package

Nuvoco Vistas off to a weak start, lists at 17% discount to issue price

The stock rebound from its opening level of Rs 471 and moved higher to Rs 538.60 on the BSE in intra-day trade

Stocks to watch: Nuvoco Vistas, Auro Pharma, Ujjivan SFB, Adani Group cos

Market regulator Sebi kept the proposed Rs 4,500-crore initial share-sale of edible oil major Adani Wilmar in "abeyance"

CarTrade Tech lists 1% below issue price at Rs 1,600 per share

At 10:01 am, CarTrade Tech was trading at Rs 1,579.70, down 2.4 per cent to its issue pricee of Rs 1,1618 per share

Stonebridge raises $200 mn to deploy in Indian, APAC cos; lists on Nasdaq

Stonebridge Acquisition Corporation (SBAC), on Monday announced to have raised USD 200 million or Rs 1,400 crore from global investors for investing into Indian companies.

GR Infraprojects makes stellar debut, lists at 103% premium

The stock more-than-doubled to list at Rs 1,700 over its issue price of Rs 837 per share on the BSE

Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC

Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility

India Pesticides likely to list at 15-19% premium, hints grey market trends

Analysts say the company's strong fundamentals, reasonable valuations and sectoral position are among factors that are likely to help the company debut on a positive note

Dodla Dairy makes strong debut, lists at 28% premium over issue price

The stock listed at Rs 550, a 28 per cent premium over the issue price of Rs 428 per share on the NSE

Shyam Metalics, Sona Comstar: What grey mkt is signalling ahead of listing

Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat

Bombay Stock Exchange signs pact with ESC to encourage listing of startups

BSE said it has joined hands with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about the benefits of listing among small businesses and startups.

WeWork reports quarterly loss of nearly $2.1 bn ahead of public listing

WeWork in March agreed to go public through a merger with BowX Acquisition Corp, a special purpose acquisition company, in a deal that valued it at $9 billion