As compared to 2023, this year the IPO fundraising has seen a spike of over Rs 1.10 lakh crore. The IPO boom not only shows issuer's confidence but also investor's faith to invest in the IPOs of firms with strong future prospects.
The RBI has directed JM Financial Products Limited to cease financing against shares and debentures due to significant deficiencies observed in its lending practices. This directive, prompted by a review of the company's books, aims to ensure financial stability and uphold regulatory standards.
The Kalahridhaan Trendz IPO is valued at Rs 22.49 crore and has a fresh issue of 4,998,000 equity shares with a face value of Rs 10 each.
The IPO is open for subscription from February 22-26, while the allocation to anchor investors will take place on February 21.
The IPO is solely a fresh issue, without any offer-for-sale component, with about 10 per cent of the issue reserved for retail investors.
The automaker aims to leverage the IPO to bolster its foothold in a market where it has thrived for over 25 years.
The company manufactures and exports mild steel and carbon steel ERW black and galvanised pipes, hollow steel pipes, and cold-rolled steel (CR) strips and coils.
The issue has a primary share sale of Rs 462 crore at the upper end of the price band, with the remaining Rs 108 crore as an offer for sale.
Market experts maintain an optimistic outlook on the IPO market for 2024 on the back of strong domestic and foreign investments.
The IPO has a fresh issue of up to 2,30,30,000 equity shares with a price range of Rs 129-135 per share.
Nova AgriTech raised about Rs 143.81 crore through its primary route, including a fresh share sale of Rs 112 crore and an offer-for-sale of up to 77.58 lakh equity shares.
The offering is priced in the range of Rs 129-Rs 135 per share and is expected to be worth Rs 311 crore.
The initial public offering of Jyoti CNC Automation consisted entirely of a fresh issue of equity shares worth up to Rs 1,000 crore, with a price band of Rs 315-331 per share.
Maxposure has set the price band for the offering at Rs 31 to Rs 33 per share, with a face value of Rs 10 per share, with the book-built issue amounting to Rs 20.26 crore and comprising an entirely fresh issue of 61.4 lakh shares.
The small-cap IT stock has said that its consolidated net profit increased by more than 140 per cent on a year-on-year (YoY) basis to Rs 4.52 crore for the first six months (April to September) of the financial year 2023-24.
The Small Finance Bank (SFB) IPO, which has its headquarters in Varanasi, will open for public subscription on July 12 through July 14. The lender announced that bidding for anchor investors will begin on July 11.
Delhivery IPO comprises fresh issuance of equity shares worth Rs 4,000 crore and an Offer for Sale (OFS) component of Rs 1,235 crore by existing shareholders.
IPOs from new age loss-making technology startups, strong retail participation and huge listing gains were the other key highlights of 2021-22.
In the run-up to the mega IPO, on February 13, the government had filed the draft red herring prospectus (DRHP) with the regulator giving details of financial results till September. The DRHP got Sebi approval early this month.
In the last fiscal, 56 companies garnered Rs 31,060 crore from IPOs and out of them, 27 were SMEs, as per the Sebi data cited by Nirmala Sitharaman.
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