Hyundai Motor India Limited, a fully owned subsidiary of South Korea’s Hyundai Motor Company, is the second largest automobile manufacturer in India. The company is gearing up to reclaim its spot in India’s bustling auto market with a bold plan involving new SUVs and a $3 billion public listing with an IPO. First Electric, Then …
Resourceful Automobile made its much-anticipated debut on the stock market on Thursday, but it wasn’t just another SME IPO. With only eight employees and two Yamaha showrooms in New Delhi, the company caught the market’s attention with its surprisingly high subscription numbers. The stock, which saw bids worth nearly Rs 5,000 crore for an issue …
Premier Energies IPO, which opened for subscription on August 27, 2024, will close on August 29, 2024. The IPO is a book-built issue worth ₹2,830.40 crore, consisting of a fresh issue of 28,697,777 shares totalling ₹1,291.40 crore and an offer for sale of 3,42,00,000 shares of ₹1, totalling ₹1,539.00 crore. Kotak Mahindra Capital Company Limited, …
National Infrastructure Trust (NIT), according to the reports, has just filed its Draft Red Herring Prospectus (DRHP) with SEBI, with a target to raise a hefty Rs 1,600 crore through its upcoming IPO. Backed by Gawar Construction Ltd (GCL), this infrastructure investment trust is looking to make an impact in the market. What’s on Offer? …
Concord Enviro Systems, a prominent player in the water and wastewater treatment industry, has initiated the process of raising funds through an initial public offering (IPO). The Mumbai-based company, backed by Mauritius-based AF Holdings, has submitted preliminary papers to the Securities and Exchange Board of India (SEBI) as it seeks to expand its market presence …
The National Stock Exchange (NSE) has renewed its efforts to go public by filing for a no-objection certificate (NOC) with the Securities and Exchange Board of India (Sebi) for its long-awaited initial public offering (IPO). This move comes after Sebi informed the Delhi High Court earlier this month that NSE had not submitted any new …
The recent initial public offering (IPO) of Resourceful Automobile, a Delhi-based two-wheeler dealership, has sent shockwaves through the Indian market. Despite its modest size, with just two outlets and a workforce of eight, the company’s ₹12 crore IPO received an astounding response, attracting bids worth nearly ₹4,800 crore. Founded in 2018 under the Sawhney Automobile …
Shares of Orient Technologies Ltd. made a remarkable debut on Dalal Street this Wednesday, listing at Rs 288 on the NSE, representing a premium of 39.81% over its issue price of ₹260 per share. The stock also opened at a premium of 40.7% at Rs 290 on the BSE, reflecting strong investor sentiment and aligning …
Aeron Composite Ltd, a prominent player in the manufacturing and supply of Fiber fiberglass reinforced Polymer (FRP) products, has embarked on a significant step in its growth journey by raising Rs. 15.17 crore from anchor investors ahead of its initial public offering (IPO). This strategic financial move sets the stage for the company’s ambitious plans, …
Integrated solar cell and solar module manufacturer, Premier Energies Limited’s IPO opened for subscription on August 27, 2024 and will close on August 29, 2024. Premier Energies IPO is a book-built issue of ₹2,830.40 crore. The issue is a combination of a fresh issue of 28,697,777 shares aggregating to ₹1,291.40 crore and an offer for …
