As per CRISIL Ratings, the expectations of profitability are likely to improve in the fiscal year 2023-24, owing to the ease in coal and pet coke prices. There is better operational efficiency and enhanced synergies between Ambuja Cements and ACC along with the other group companies, the rating agency said. On Tuesday, the shares of …
Business Overview IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions. It initially started as a manufacturer of fan regulator switches and rotary potentiometers for the audio and TV industry in 1999. In 2008, the company expanded into the LED manufacturing space. They design, develop, manufacture, and supply products for customers …
Company Overview: Ethos Limited is India’s largest luxury and premium watch retail player having a market share of approx. 20% in the luxury watch retail segment and approx. 13% in the premium and luxury watch retail segment in India. It was incorporated on November 5, 2007, and promoted by KDDL Ltd. Currently, it has …
Investors always look for new IPO announcements on the exchange. It is primarily for the long and short-term benefits that come with IPO investment. A company receiving fresh capital is likely to hit the growth path, promising opportunities for long-term capital gain. Secondly, you can profit in the short run by capitalising on listing gains. …
In over two decades, the year 2021 has been a standout one for India’s capital market. In this calendar year alone, firms have generated about Rs. 1.2 lakh crores through IPOs. Enthusiastic retail investor participation and excessive liquidity are the reasons for this euphoria, even though the COVID-19 pandemic affected the broader economy. However, this …
SBI Cards is the largest issuer of credit cards in India. Credit card expenditures in India grew by 32% each year to a whopping ₹6.1 trillion between 2016 and 2020. Given its dominant position within the domestic market for credit cards with a strong parent company keeping tabs on it, SBI Cards is in an …
India’s leading online food delivery and restaurant discovery platform, Zomato, raised the third-highest amount in the Indian stock market’s history. The Zomato IPO received a strong response from investors across various categories. At the last bidding day’s end, Zomato’s public issue was subscribed more than 38 times. This eagerly-awaited initial public offering is the largest …
India’s leading online food aggregator, Zomato, has raised the third-highest amount in the country’s stock market history after getting subscribed 38.25 times. The company’s initial public offering received a strong response across different investor categories. Market observers believed that the company’s shares would get listed on bonuses due to improved sentiments in the primary and …
As of 5 pm on July 16 2021, the initial public offering of India’s first online food aggregator, Zomato, was subscribed 38.25 times, getting bids for 20,13,78,57,28 shares. The issue was set to nudge the company’s valuation up to Rs. 64,365 crores, making it the second-biggest IPO since March 2020. Zomato had set a target …
Pharmacy retail outlet MedPlus has filed DRHP with market regulator SEBI to launch an IPO of Rs. 1639 crores. According to the draft red herring prospectus filed by the company, this public issue will comprise fresh issue equity shares of Rs. 600 crores and an offer for sale of up to Rs. 1038.71 crores. Company …
