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IPO Alert: Quadrant Future Tek Filed DRHP with SEBI

IPO Alert: Quadrant Future Tek Filed DRHP with SEBI

13 June 2024

Quadrant Future Tek, a provider of Train Control and Signalling Systems, has recently filed a draft red herring prospectus (DRHP) with the market regulatory Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO) to raise up to ₹275 crore via fresh issue. After a successful process, Quadrant Future Tek IPO …

Dee Development Engineers IPO to Launch Next Week

Dee Development Engineers IPO to Launch Next Week

12 June 2024

DEE Development Engineers Limited is a leading engineering firm specializing in process piping solutions for diverse sectors such as oil and gas, power (including nuclear), chemicals, and other process industries. They offer comprehensive services encompassing engineering, procurement, and manufacturing. Their product portfolio includes high-pressure piping systems, piping spools, high-frequency induction pipe bends, longitudinally submerged arc …

Ola Electric Gets SEBI Nod For IPO, Set To Go Public Soon

Ola Electric Gets SEBI Nod For IPO, Set To Go Public Soon

12 June 2024

Bengaluru-based Ola Electric has received market regulator SEBI’s approval to launch its much-awaited initial public offering (IPO) and is anticipated to get listed within a month. Bhavish Aggarwal, Founder of Ola Electric, took to X, to share the news of the upcoming IPO this month, indirectly as SEBI is yet to update formally on this …

Ixigo IPO Subscribed 3.63x on Day 2

Ixigo IPO Subscribed 3.63x on Day 2

11 June 2024

On the 2nd day of bidding, Le Travenues Technology Ltd’s IPO (ixigo IPO) witnessed increased interest from retail investors. The company will use IPO proceeds of 740.10 crore for part-funding working capital requirements, investments in cloud infrastructure and technology, and funding inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes. Ixigo has …

Le Travenues Technology Limited IPO Subscribed 0.77x on Day 1

Le Travenues Technology Limited IPO Subscribed 0.77x on Day 1

10 June 2024

The online travel agency (OTA) Le Travenues Technology Limited IPO (ixigo IPO) opened for subscription on June 10, 2024, and will close on June 12, 2024. The ixigo IPO is a book-built issue of ₹740.10 crore. The issue combines a fresh issue of 1.29 crore shares aggregating to ₹120.00 crore and an offer for sale …

Kronox Lab Sciences Lists at 21% Premium at Rs 165 per share on NSE!

Kronox Lab Sciences Lists at 21% Premium at Rs 165 per share on NSE!

10 June 2024

Kronox Lab Sciences Limited manufactures high-purity specialty fine chemicals for diverse end-user industries, debuted on the Indian stock market today. The stock of Kronox Lab Sciences settled at Rs 165 per share on the BSE, representing an impressive 21.32% premium over the final issue price of Rs 136 per share. Additionally, on the NSE, the …

Bajaj Housing Finance Board Approves Rs 4,000 Crore Plus OFS IPO

Bajaj Housing Finance Board Approves Rs 4,000 Crore Plus OFS IPO

7 June 2024

Bajaj Housing Finance is a 100% subsidiary of Bajaj Finance Ltd. It offers finances to individuals or corporate entities for the purchase and renovation of homes or commercial spaces. Bajaj Housing Finance Ltd. enjoys the highest rating from CRISIL and India ratings, It is rated AAA/Stable and A1+ for its long-term and short-term debt program …

Kronox Lab Sciences IPO Subscribed 117.25x on Day 3

Kronox Lab Sciences IPO Subscribed 117.25x on Day 3

5 June 2024

The Kronox Lab Sciences IPO was closed on June 05, 2024. The allotment for the Kronox Lab Sciences IPO is expected to be finalised on June 6, 2024. The Kronox Lab Sciences IPO will list on BSE and NSE, with a tentative listing date fixed as June 10, 2024. The IPO price range for Kronox …

Hindalco’s Arm Novelis Delays IPO in US

Hindalco’s Arm Novelis Delays IPO in US

5 June 2024

Hindalco Industries, a major Indian aluminum and copper manufacturing company, has announced the postponement of the IPO of its wholly-owned subsidiary, Novelis. The decision comes amidst market volatility and valuation concerns, reflecting the company’s cautious stance in the face of uncertain market conditions. Reasons for Postponement The reason for the delay is the current weak …

IXIGO IPO to Hit Streets On June 10

IXIGO IPO to Hit Streets On June 10

5 June 2024

Founded in 2006, Le Travenues Technology Limited operates as an online travel agency (OTA) under the brand name ixigo. This platform allows travelers to book train, flight, and bus tickets, as well as hotels. Ixigo offers a comprehensive range of services including PNR status checks and confirmation predictions, alerts for train seat availability, updates on …

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