India’s IPO market zoomed to .2 billion in 2024, set for record growth next year too, says report | Stock Market News

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report | Stock Market News

Source: Live Mint India’s initial public offering (IPO) market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. Further, Company Profiles Analyst Murthy Grandhi, promises “even bigger fireworks” in 2025, according to an ANI report. “India’s IPO market hit a…

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Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position | Stock Market News

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position | Stock Market News

Source: Live Mint Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. The target price…

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IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices | Stock Market News

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices | Stock Market News

Source: Live Mint The year 2024 has emerged as a stellar one for the Indian primary market, witnessing an unprecedented surge in activity. Companies from diverse sectors—including technology, consumer goods, green energy, and financial services—have successfully debuted on Indian stock exchanges, capitalising on favourable market conditions. Moreover, high-profile debuts from companies like Swiggy, Hyundai Motor…

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Motilal Oswal initiates coverage on Swiggy, sees 16% upside; here’s what the brokerage says | Stock Market News

Motilal Oswal initiates coverage on Swiggy, sees 16% upside; here’s what the brokerage says | Stock Market News

Source: Live Mint Swiggy, the recently-listed food tech company, has garnered significant attention from leading domestic brokerage firms. After HDFC Securities and JM Financial, Motilal Oswal Financial Services (MOSL) has become the third domestic brokerage to initiate coverage on the stock. The firm believes that Swiggy’s quick commerce business could disrupt consumption patterns in India…

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IPO frenzy fizzling out: What’s behind low subscription rates, tepid listings? | Stock Market News

IPO frenzy fizzling out: What’s behind low subscription rates, tepid listings? | Stock Market News

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…

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SoftBank posts .7 billion profit on India’s IPO market boom, rebound in tech valuations | Stock Market News

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations | Stock Market News

Source: Live Mint SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio.  The Tokyo-based company earned a net income of ¥1.18 trillion ($7.7 billion) in the September quarter, compared with a net loss of ¥931 billion last…

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Swiggy IPO GMP status ahead of listing; Check allotment status, other details | Stock Market News

Swiggy IPO GMP status ahead of listing; Check allotment status, other details | Stock Market News

Source: Live Mint The much-awaited Swiggy Limited’s initial public offering (IPO) is poised to make its Dalal Street debut on Wednesday, November 13. The food delivery and quick commerce company is expected to finalise its share allotment on Monday, November 11.  The successful bidders from the public issue can expect their shares to be credited…

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