India’s IPO market has been a red-hot sector in recent years, attracting a surge of companies looking to raise capital and individual investors eager to participate in the country’s economic growth story. Fueled by this enthusiasm, some IPOs witnessed dramatic gains of 300% or more on their debut day. However, this period of exuberance has …
On the last day of the bidding process, March 28, 2024, the Initial Public Offer (IPO) of SRM Contractors Limited was subscribed 86.54x. The retail portion was subscribed to 46.92x, while 59.59x in Qualified Institutional Buyers (QIB) and 214.92x in the Non-Institutional Investors (NII) category. SRM Contractors IPO opened for subscription on Tuesday, March 26, …
P.N. Gadgil Jewellers Ltd, one of the prominent organised jewellery players in Maharashtra, has filed a Draft Red Herring Prospectus (DRHP) with the market regulatory Securities and Exchange Board of India (SEBI). This paves the way for a potential Initial Public Offering (IPO), marking a significant step towards growth and expansion. This Initial Public Offering …
Chatha Foods Limited (CFL) is a frozen food processor. The company offers frozen food products to top Quick Service Restaurants (QSRs), Casual Dining Restaurants (CDRs), and other players in the Hotel-Restaurant-Catering segment, debuted on the Indian stock market today. The stock of Chatha Foods Limited (CFL) opened at Rs 73 per share on the BSE, …
On Day 1, the first day of the bidding process, Tuesday, March 26, 2024, the Initial Public Offer (IPO) of SRM Contractors Limited was subscribed 3.59x. The retail portion was subscribed to 3.59x, while 1.57x in Qualified Institutional Buyers (QIB) and 6.27x in the Non-Institutional Investors (NII) category. SRM Contractors Limited IPO opened for subscription …
Stallion India Fluorochemicals Limited (SIFL), a supplier of refrigerants and various industrial gases, has filed a Draft Red Herring Prospectus (DRHP) with SEBI, paving the way for a potential Initial Public Offering (IPO). The IPO comprises 1,78,58,740 equity shares under fresh issue and 43,02,656 shares under offer for sale. Under the offer-for-sale component, the promoter, …
Incorporated in 2001, Shree Tirupati Balajee Agro Trading Company Limited has filed a Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) on March 22, 2024. Shree Tirupati Balajee Agro IPO will be a combination of both a fresh issue and an offer for sale. Under the fresh …
Law and Supply Dynamics In the fast-paced world of investing, understanding the dynamics of supply and demand is crucial. We often hear about the law of demand and supply, where high demand and low supply typically lead to price increases. However, recent events in the primary market shed light on the intricacies that go beyond …
Enser Communications Limited engaged in Business Process Management (BPM) services catering to industries such as insurance, e-commerce, education, and travel, debuted on the Indian stock market today. The stock of Enser Communications opened at Rs 72 per share on the NSE, indicating a 2.86% premium over the final issue price of Rs 70 per share. …
Enfuse Solutions Limited provides integrated digital solutions in the areas of data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, and technology solutions, debuted on the Indian stock market today. The stock of Enfuse Solutions Services opened at Rs 115 per share on the NSE, indicating an impressive 19.79% premium over …
