IPOs - Angel One

On Day 2 of the bidding process, Thursday, May 9, 2024, the Initial Public Offer (IPO) of TBO Tek Limited was subscribed 4.16 times. The retail portion was subscribed 10.06x, while 0.17x in Qualified Institutional Buyers (QIB), 8.20x in the Non-Institutional Investors (NII) category and the employees category was subscribed 6.57 times. The IPO opened …

On the second day of bidding, the Aadhar Housing Finance IPO witnessed a growth in subscriptions from investors. The bidding process will continue until Friday, May 10, 2024, and investors can subscribe until that day. Aadhar Housing IPO is a combination of a fresh issue and an offer for sale, and the company is seeking …

On the last day of the bidding process, Wednesday, May 8, 2024, the IPO of Indegene Limited was subscribed 70.22x. The retail portion was subscribed 7.74x, while 192.72x in Qualified Institutional Buyers (QIB), 55.78x in the Non-Institutional Investors (NII) and 6.54x in the employees category. The allotment of shares is expected to happen on May …

On the second day of bidding, investors showed enormous interest in Indegene Limited’s IPO. The digital services provider Indegene Ltd plans to raise ₹1,841.76 crore from the IPO. The bidding will continue till May 08, 2024. Indegene IPO offers 4,07,66,552 shares. 80,94,069 (19.85%) to QIB, 60,70,552 (14.89%) to NII, 1,41,64,620 (34.75%) to RII, 2,96,209 (0.73%) …

The digital services provider Indegene Limited’s IPO opened for subscription on May 06, 2024, and will close on March 08, 2024. The IPO is a book-built issue of ₹1,841.76 crores. Indegene IPO is a combination of a fresh issue of 1.68 crore shares aggregating to ₹760.00 crore and an offer for sale of 2.39 crore …

Belstar Microfinance, an NBFC-MFI, provides various loan options, including micro-enterprise, small businesses, consumer goods, festivals, education, and emergency loans. It is among the top 10 players in the NBFC-MFI sector, boasting a strong credit rating of “AA” with a stable outlook as assessed by Crisil. Muthoot Finance, the parent company, owns a majority stake of …

Muthoot Finance Limited’s subsidiary, Belstar Microfinance Limited, filed a Draft Red Herring Prospectus (DRHP) with the stock market regulator Securities and Exchange Board of India (SEBI) to raise up to ₹1,300 crore from the public via an Initial Public Offering (IPO). Belstar Microfinance’s IPO is a mix of fresh issue and offer for sale. Belstar …

An Unusual Trend Amid Election Uncertainty Historically, the period from April to June has seen a lull in IPO activity, coinciding with general election years in India. Since 2004, no IPOs have launched in May during election cycles. This quiet period reflects market caution due to the uncertainty surrounding elections. However, 2024 is proving to …

Analysing the data on upcoming Initial Public Offerings (IPOs) reveals several insights about the current trends in the equity capital markets, the types of industries participating, the structure of offerings, the extent of promoter participation, and the allocations to different investor categories. Here’s a detailed analysis: Type of Offerings Fresh Issues and Offer for Sale …

Imagine a bustling stock exchange floor, where investors are scanning heaps of information from complex reports, analyst calls and legal documents to find the next promising IPO opportunity to invest their hard-earned money. All this while the air is also crackling with anticipated excitement as a company prepares to go public for raising risk capital. …