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 …
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 …
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 …
As the first month of FY25 is about to close this week, May 2024 is set to commence from the upcoming Wednesday. If you are looking for a List of Upcoming IPOs to invest in, here are the ones that have disclosed their required IPO details. Additionally, we will include One more IPO expected to …
The welding consumables manufacturer Diffusion Engineers Limited has filed a draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), to raise funds via public issue or initial public offering (IPO). Diffusion Engineers IPO is a 100% fresh issue comprising 98,47,000 equity shares of face value ₹10. Diffusion …
Interarch Building Products Limited (IBPL), a leading player in India’s pre-engineered building (PEB) space, has filed a Draft Red Herring Prospectus (DRHP) with SEBI. This paves the way for a potential Initial Public Offering (IPO), signifying their intent to raise capital for expansion and solidify their position in the market. Interarch Building Products IPO comprises …
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. …
FirstCry is India’s leading company focused on baby products retailing. The company was started in 2010 and is headquartered in Pune. The company has a network of 1,018 FirstCry and BabyHug stores in 508 cities. Pine Kids, Cutewalk and Babyoye are among its other brands. FirstCry sells baby products including clothes, diapers and toys and …
