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Source: Live Mint Godavari Biorefineries Limited’s initial public offering (IPO) was subscribed 1.83 times on the third and final day of the bidding process, as investors bid for 2.06 crore shares compared to 1.12 crore shares available. The book build issue combines a fresh issue and an Offer for Sale (OFS). The IPO opened for…
Source: Live Mint With a six-decade legacy of delivering complex infrastructure projects, Afcons’ IPO presents a compelling opportunity for investors seeking exposure to India’s burgeoning infrastructure sector. But let’s examine the company’s strengths and challenges to assess its potential. Afcons plans to use the IPO proceeds to enhance its financial position. It will allocate ₹600…
Source: Live Mint Kataria Industries, listed on the NSE SME platform, has delivered remarkable returns to its investors as it has become a multibagger stock just three months after its market debut. The stock, which was listed at a significant 90 per cent premium in July 2024, has soared 116 per cent to reach ₹207.20…
Source: Live Mint Large multinational corporations (MNCs) are keen to explore initial public offerings (IPOs) in India despite Hyundai Motor India’s muted public-market debut on Tuesday, according to Rahul Saraf, India head of investment banking at Citi, which counts many such companies among its clients. “I think they’re actually encouraged by the listing of Hyundai…
Source: Live Mint Now, that might sound like a lot, but let’s put it into perspective. India’s average savings rate is roughly 20%, which translates to about $500 billion saved annually. So, compared to the annual savings, the mutual fund AUM wasn’t as hefty as one might think. This indicated a significant growth opportunity. The…
Source: Live Mint The NSE SME-listed stock Blue Pebble Limited has provided impressive returns to its investors, becoming a multibagger just six months since its market debut. The stock, which debuted at an 18 per cent premium in April 2024, has soared 126 per cent as of today over its IPO price of ₹168. The…
Source: Live Mint Insomnia Media and Content Services Ltd, led by producer Juhi Mehta, has filed for an initial public offering (IPO) on the National Stock Exchange’s (NSE) Emerge platform, aiming for an enterprise valuation of ₹200 crore. The company plans to dilute 27% of its equity through a fresh issue of shares. The funds…
Source: Live Mint Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹5,400 crore through its initial public offering (IPO) after selling shares worth about ₹3,000 crore in a pre-IPO round, two people aware of the development told Mint. Afcons had previously planned to raise ₹7,000 crore through the IPO. However, owing to…
Source: Live Mint BD Security Limited (BDS), a prominent provider of security services and Telecom O&M, on Thursday, filed draft papers to raise funds via initial public offering (IPO). The company has submitted its Draft Red Herring Prospectus to NSE Emerge as part of the IPO process. BDS plans to issue 44,56,000 new equity shares,…
Source: Business Standard 4 min read Last Updated : Oct 16 2024 | 2:06 PM IST Eighteen of the top 30 initial public offerings ( IPOs) by size have failed to generate excess returns when compared to the returns from CNX500 index, which tracks the performance of the top 500 companies, according to a study…
