Page 7 - Stock Market Listing

IIFCL plans to launch IPO in next financial year, unlock value for govt: MD

State-owned India Infrastructure Finance Company Ltd (IIFCL) plans to go public in the next financial year, company's Managing Director P R Jaishankar said on Friday. "We are examining the listing...hopefully it should be done next financial year. IIFCL has come to a stage where we unlock the value for the benefit of the government," he said on the sidelines of the company's foundation day. The company will very soon initiate the consultation process, he said, adding various approvals are required including from the government. Asked about the quantum of stake dilution, he said, the decision about that would be taken after detailed discussion. As of now, IIFCL is 100 per cent owned by Government of India. From the performance perspective, he said the company has been consistent both on topline and bottomline parameters. He expects the FY24 profit to cross Rs 1,500 crore. IIFCL reported a two-fold jump in standalone net profit to Rs 1,076 crore for FY23 aided by an increase in le

Sanstar files IPO papers with market regulator Sebi to raise funds

Plant-based speciality products company Sanstar Ltd has filed its draft papers with capital markets regulator Sebi to raise Rs 425-500 crore through an initial public offering. The total size of the Initial Public Offering (IPO) is up to 4.80 crore equity shares, comprising a fresh issue of up to 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders. As part of the OFS, Gouthamchand Sohanlal Chowdhary, Rani Gouthamchand Chowdhary, Sambhav Gautam Chowdhary, Shreyans Gautam Chowdhary, Richa Sambhav Chowdhary and Samiksha Shreyans Chowdhary will offload the shares of the company, as per the draft red herring prospectus (DRHP). Also, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced. According to market sources, the IPO size is expected to be Rs 425-500 crore. Going by the draft papers, proceeds from the fresh issue will

Stock market holidays in 2024: BSE, NSE to be closed on these days

As per the holidays list declared by the BSE and NSE, there will be no futures, trading in capital market, and options segment in the stock market holidays 2024

Bonanza for IPOs in 2023, 55 of 59 stocks trading above issue price

Analysts attribute these gains in the newly listed stocks to buoyant secondary markets, the enthusiastic participation of retail investors in IPOs, and strong foreign portfolio investor flows (FPIs)

Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics

Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata

Benchmarks slip, but end 2023 with up to 20% gains; SmallCap index up 47%

Closing Bell on December 29, 2023: The BSE Sensex is ending calendar year 2023 with a solid gain of 18.8 per cent, and the Nifty50 with 20.1 per cent

NTPC plans to list green energy vertical in next 1-2 years: Gurdeep Singh

State-owned NTPC is looking towards listing its green energy vertical in the next 1-2 years, as it anticipates higher demand going forward, its chairman and managing director Gurdeep Singh said on Wednesday. He also said that the entity is expecting a 30-40 per cent rise in capex to cater to increased power demand in the country. "Maybe I think (an IPO) down the line in next one to two years... as we add capacity and there is a pipeline of growth," Singh said in response to a question on whether the company was looking for listing its green energy vertical. He was participating in a panel discussion "An Indian Tomorrow," at the 10th SBI Banking & Economics Conclave here. "We would definitely be looking forward. And that's our thinking process... I think down the line about a year or two, we will be going for listing'," he added. Singh said NTPC is making power demand stable as per the consumption, adding, "I can assure that as demand goes up again... we will make sure that the ...

12 companies raise nearly Rs 9,000 crore in December through IPOs

As many as 12 companies raised Rs 8,931.69 crore through initial share sales this month, making it the best IPO month in two years. The previous best was December 2021, when 11 companies mopped up Rs 9,534 crore through Initial Public Offerings (IPOs). As per an analysis, 12 companies hit the market with their IPOs in December 2023. This week, six companies got listed after their IPOs and one company will start trading on Thursday. Reflecting the bullishness in the primary market, three firms each made their stock market debut on Tuesday and Wednesday. While Muthoot Microfin, Motisons Jewellers and Suraj Estate Developers got listed on Tuesday, Credo Brands, Happy Forgings and RBZ Jewellers made their debuts on Wednesday. Earlier this month, Doms Industries, Flair, India Shelter Finance and Inox CVA listed on the bourses, while Azad Engineering is set to start trading on Thursday. The listing date of Innova Captab, which has raised Rs 570 crore through an IPO, is yet to be ...

Indices at record highs! Sensex soars 702 pts, tops 72K; Nifty holds 21,650

Closing Bell on December 27, 2023: Healthy buying in HDFC Bank, Infosys, Bharti Airtel, Ultratech Cement, L&T, Tata Motors, ICICI Bank, SBI, Axis Bank, and M&M lifted the benchmark indices

Bhavish Aggarwal set to offload 3.48% stake as part of Ola Electric's IPO

Ola Electric founder Bhavish Aggarwal will sell 47.4 million shares in the SoftBank-backed firm, contributing almost half of the OFS

IPO wrap: Motisons Jewellers subscribed 51 times, others above two times

It was the penultimate day of the issue for Muthoot Microfin, Motisons Jewellers, and Suraj Estate Developers

IPO Wrap: Inox subscribed 61x, Muthoot Microfin is off to a good start

Public issuance of RBZ Jewellers, Happy Forging, and Credo Brands will be open for subscription tomorrow

India Shelter Finance IPO: Should you invest in this housing finance firm?

Here's what brokerages recommend investors should do, with this Rs 1,200 crore IPO which closes for subscription on Friday, December 15.

These two SME stocks zoom 100% over issue price on debut

Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.

Sensex leaps 493 pts, Nifty ends at record closing high of 20,268

Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade

Gandhar Oil Refinery soars 78% on market debut; Fedfina ends flat

For the quarter ended June 2023, Gandhar had posted a profit of Rs 54.3 crore on revenues of Rs 1,070 crore

Sensex ends 87 pts up, Nifty at 20,130; Tata Tech surges 165%, Gandhar 79%

Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500

Fedbank Financial makes weak debut; lists at 2% discount to issue price

Fedbank Financial is a retail-focused NBFC promoted by Federal Bank which focuses on Micro, Small & Medium Enterprises (MSMEs) and the emerging self-employed individuals (ESEIs) sector.

Gandhar Oil Refinery makes robust debut; stock zooms 104% over issue price

The initial public offer (IPO) of Gandhar Oil Refinery had received good response from the investors and was subscribed 65.63 times.

Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk

Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.