On the last day of bidding, the Gala Precision Engineering IPO witnessed increased interest from investors, including QIBs, NIIs, and Retailers. The ₹167.93 crore Gala Precision Engineering IPO is a book-built issue, which combines a fresh issue of 0.26 crore shares aggregating ₹135.34 crores and an offer for sale of 0.06 crore shares aggregating ₹32.59 …
The shares of Ecos (India) Mobility and Hospitality made a noteworthy debut on the Indian stock market on Wednesday, September 4, 2024. The company’s IPO received strong investor interest, and its listing performance reflected positive sentiment despite missing some market expectations. Here’s a detailed look at the listing and what it means for investors. Impressive …
DAM Capital Advisors Ltd., one of India’s leading investment banks, has taken a significant step forward by submitting draft papers to the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The proposed IPO will consist entirely of an offer-for-sale (OFS) of up to 3.2 crore equity shares, …
Indian Phosphate Limited has filed the draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), to float an initial public offering (IPO). Through this IPO, Indian Phosphate Limited seeks to raise ₹67.35 crore. The Indian Phosphate IPO will be entirely a fresh issue comprising 68,04,000 equity shares …
A robust macroeconomic climate and high market sentiment have driven a notable increase in the Indian IPO market recently. Five companies on the mainboard are scheduled to debut their initial public offerings (IPOs) this coming week. In the mainboard segment, the Gala Precision Engineering IPO will open for subscription on September 2. Meanwhile, the Baazar …
Baazar Style Retail, a prominent fashion retail player in India, is set to make its market debut as its Initial Public Offering (IPO) concludes today. The IPO opened for subscription on August 30, 2024, and is expected to be listed on the stock exchanges, NSE and BSE, on September 6, 2024. Baazar Style Retail IPO …
Transrail Lighting, a big name in the engineering and construction sector, has just received SEBI’s approval for its upcoming IPO. Based in Mumbai, the company specializes in power transmission and distribution, with a notable track record of over 200 completed projects. They have extensive experience in manufacturing lattice structures, conductors, and monopoles, and are expanding …
A recent study conducted by the market regulator Securities and Exchange Board of India (SEBI) has shed light on the behaviour of retail investors in Initial Public Offerings (IPOs) in India. The study, which analysed data from 144 IPOs listed between April 2021 and December 2023, found that individual investors tend to be short-term oriented …
The Securities and Exchange Board of India (SEBI) has temporarily halted the proposed ₹4,000 crore initial public offering (IPO) of JSW Cement. While no specific reasons were provided for the decision, the regulator stated that the “issuance of observations (has been) kept in abeyance.” JSW Cement, a subsidiary of the JSW Group, submitted its preliminary …
The Indian markets might have had a lackluster day due to a lack of significant global cues, especially with the U.S. markets closed on Monday. However, there was no shortage of action for those eyeing new listings. Premier Energies stole the spotlight with its impressive debut, making a mark as the latest entrant in the …
