The FinTech Hub
Source: Live Mint Upcoming IPO: Solar91 Cleantech on Friday, December 6 said Bombay Stock Exchange (BSE) has approved the draft red herring prospectus for its initial public offer (IPO). Solar91 Cleantech, a solar plant installation company, plans to issue up to 54,36,000 equity shares, each with a face value of ₹10, in the upcoming IPO….
Source: Live Mint Mumbai (Maharashtra) [India], November 3 (ANI): The initial public offering (IPO) market of the country has seen a slowdown in subscriptions over the past two months, driven by weak market sentiment and disappointing listing performances, says a report by Axis Capital. The report highlighted that the investors appear to be exercising caution,…
Source: Live Mint A wave of IPO lock-in expiries is set to hit the market, with NTPC Green Energy, Swiggy, Sagility, and 47 other companies slated to have their pre-listing shareholder lock-ins lifted, according to a report released by Nuvama Alternative & Quantitative Research. This is likely to result in the freeing up of shares…
Source: Live Mint A Mint analysis of the 14 biggest IPOs and 14 massively oversubscribed offerings this year reveals a sobering truth: only 41% lived up to the hype in the September quarter, the first earning season for most of them. Read Full Article
Source: Live Mint Upcoming SME IPO in 2024: BR Goyal Infrastructure has received in-principle approval from the Bombay Stock Exchange (BSE) for its SME initial public offering (IPO). The IPO will consist of a fresh issue of 64,32,000 equity shares, each valued at ₹10. The funds raised will be directed toward capital expenditure, working capital…
Source: Live Mint Zinka Logistics IPO: Early investors in Zinka Logistics stand to make multibagger returns of up to 1,370 per cent as the shares of the recently concluded public offer are set to list on the bourses tomorrow (Friday). Zinka Logistics’ initial public offer (IPO), which was open for subscription from 13 November to…
Source: Live Mint Upcoming IPO: Saatvik Green Energy has filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). According to the DRHP documents, filed on Monday, November 18, Saatvik Green Energy is looking to raise up to ₹1,150 crore via…
Source: Live Mint IPO buzz fizzling out: Despite the ongoing excitement surrounding initial public offerings (IPOs), a sense of fatigue appears to be creeping into the IPO market recently. So far in November, Afcons Infrastructure Ltd (2.6x), Sagility India Ltd (3.2x), Swiggy Ltd (3.6x), ACME Solar Holdings Ltd (2.8x), and Niva Bupa Health Insurance Company…
Source: Live Mint Sagility India, the healthcare service provider firm, on Monday, said that it has raised around ₹945.4 crore from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company’s exchange filing. As per the exchange filing, the company has allocated 31,51,34,668 or 31.51 crore equity…
Source: Live Mint The primary market is set to see significant activity beginning November 4, with four mainboard IPOs, including the anticipated Swiggy IPO, scheduled to launch on Dalal Street. Additionally, the SME segment will have one IPO opening next week. In October, the Indian stock market faced a substantial sell-off, with the Nifty 50…
