The FinTech Hub
Source: Live Mint Upcoming IPO: Innovision Limited, a company providing manpower and toll plaza management services, has refiled its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) after the Securities and Exchange Board of India (SEBI) returned its previous submission made on August 19. The earlier documents were sent back on September…
Source: Live Mint New Delhi, Dec 15 (PTI) Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. It said that India has to strengthen its local supply chains and produce critical intermediates to reduce reliance on China, while improving…
Source: Live Mint He said asset allocation preferences are evolving, with equity accounting for up to two-thirds of portfolios and a growing appetite for alternative investment funds (AIFs) and private equity. Papneja said, “We believe that investments in AIFs and private equity will continue to grow, driven by their potential for diversification and higher returns”….
Source: Live Mint (Repeats story first published Friday with no changes to text) Fed widely expected to cut rates by 25 bps on Wednesday Some investors brace for “hawkish cut,” with Fed suggesting pause in easing cycle S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone NEW YORK, Dec 13…
Source: Live Mint (Bloomberg) — OQ Base Industries fell in its trading debut after a $489 million initial public offering in Muscat, the latest in a series of Middle Eastern listings to experience poor early trading. Shares in the methanol and liquefied petroleum gas firm declined as much as 10% on Sunday. That was below…
Source: Live Mint Mobikwik IPO: A subscription rate exceeding 100 times for a mainboard issue is no small accomplishment. The IPO of One Mobikwik Systems, which opened for subscription on December 11 and closed on December 13, was oversubscribed nearly 120 times, with the stock soaring to a grey market premium (GMP) of ₹166. Three…
Source: Live Mint Multibagger IPO: An SME stock has delivered astonishing gains since its listing about nine months ago. Shares of Owais Metal and Mineral Processing have skyrocketed by as much as 1,245 per cent since March 4 this year, the day it debuted on the NSE SME platform. On December 13, the stock settled…
Source: Live Mint GNG Electronics, touted as India’s largest refurbisher of laptops and desktops and a leading player in refurbishing ICT (information and communication technology) devices, is gearing up to enter the primary market with plans to raise ₹825 crore. The electronics firm, on December 14, filed its draft red herring prospectus (DRHP) with the…
Source: Live Mint Buy or sell: Throughout the week, the Nifty index remained in a range-bound zone, oscillating between the 24,000 and 25,000 levels. The week began with a sideways momentum, indicating a lack of significant directional movement. As the week progressed, profit booking took place, which caused the index to dip towards the support…
Source: Live Mint Inventrus Knowledge Solutions IPO: The Inventurus Knowledge Solutions (IKS) IPO opened for subscription on December 12, 2024, and will close on December 16, 2024. The company aims to raise approximately ₹2,497.92 crores through this book-built issue, which includes a fresh issue component and an offer-for-sale of up to 1.87 crore equity shares…
