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New Delhi, Sep 26 (PTI) Shares of solar panel maker Saatvik Green Energy Ltd on Friday made a muted market debut, listing 1 per cent lower from the issue price of Rs 465. The stock listed at Rs 460, a discount of 1.07 per cent from the issue price of Rs 465 on the BSE. Later, it fell by 3.93 per cent to Rs 446.70. At the NSE, the stock listed at par with the issue price of Rs 465. Later, shares of the firm further lost 3.87 per cent to Rs 447. The company's market valuation stood at Rs 5,776. ...Read More >
New Delhi: Shares of GK Energy Ltd, a solar-powered agricultural water pump systems provider, on Friday listed with a premium of nearly 12 per cent against the issue price of Rs 153. The stock started trading at Rs 165, a jump of 7.84 per cent from the issue price on the BSE. At the NSE, the stock was listed at Rs 171, a premium of 11.76 per cent. The company's market valuation stood at Rs 3,448.91 crore. The initial public offer of GK Energy Ltd received a whopping 89.62 times subscription ...Read More >
New Delhi, Sep 26 (SocialNews.XYZ) India's primary market experienced its most active month this September in almost 28 years, as 25 companies went public on the mainboard, marking the highest number of listings since January 1997, when 28 were recorded. The SME activity in the primary market also set a record, with 53 IPOs raising Rs 2,309 crore, the highest ever in a single month by both volume and value, as per the stock exchanges data. A total of 25 IPOs raised over Rs 13,300 crore during ...Read More >
The initial public offering (IPO) of Anand Rathi Share & Stock Brokers Ltd., which opened for subscription on Tuesday, September 23, concluded its subscription process on September 25. The IPO was booked 20.66 times on Thursday. Investors bid for 27,60,82,128 shares against the 1,33,63,342 on offer. Amid the buzz, the unlisted shares have been trading at a premium in the grey market (GMP), suggesting potential listing gains for investors. As the allotment status for Anand Rathi Share IPO gets ...Read More >
Anand Rathi Share and Stock Brokers IPO GMP: The maiden public issue of the broking firm saw strong investor interest during its three days of public bidding, being subscribed nearly 21 times from September 23-25. The share allotments for Anand Rathi Share and Stock Brokers IPO will likely be finalised by today, September 26. IPO applicants can check their allotment status on BSE and NSE, as well as the official site of its registrar. The Rs 745-crore maiden public issue of the broking firm sa ...Read More >
Pace Digitek IPO | The initial share sale will open for public subscription on September 26, and close on September 30. Pace Digitek, the Bangalore-based telecom infrastructure solutions provider, has raised Rs 245.14 crore via anchor book on September 25, of the total IPO size of Rs 819 crore. The initial share sale will open for public subscription on September 26, and close on September 30. The price band for the offer is Rs 208-219 per share. Total 15 institutional investors participated ...Read More >
New Delhi: Telecom infrastructure solutions provider Pace Digitek Ltd on Thursday said it has mobilised over ₹245 crore from anchor investors, just a day before its initial share-sale opening for public subscription. Some of the institutions that participated in the anchor include Bandhan Mutual Fund (MF) and Taurus MF, SBI General Insurance Company, Societe Generale, Saint Capital Fund, Aarth AIF Growth Fund and Nexus Global Opportunities Fund, according to a circular uploaded on the BSE websi ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances ...Read More >
MUMBAI: Firoz Mistry, the older son of the late Cyrus Mistry, has been appointed to the board of Afcons Infrastructure, marking his first directorship in an operating entity of the Shapoorji Pallonji (SP) Group. His appointment comes weeks after his cousin Pallon Mistry was inducted into the Afcons board. The move enhances his role within the construction-to-real estate group, where he has been involved in select projects and specific functions like strategy, human resources, and governance. It ...Read More >
BMW Ventures IPO opened for subscription with just 5% bids on Day 1, showing a muted start. The Rs 231.66 crore issue has no grey market premium yet, indicating weak sentiment. Retail saw 7% subscription, while NIIs and QIBs stayed away. The Rs 231.66 crore IPO of BMW Ventures Ltd opened for subscription on Wednesday, but initial investor interest appears muted for the issue. As of 12:10 PM on Day 1, the IPO was subscribed only 5% against the total offer of 2.34 crore shares, based on data from ...Read More >
Chennai: IIT Madras Global has partnered with Ideabaaz, the first media-integrated startup platform of the country, to fuel the startup ecosystem with inclusivity, visibility and access by taking it to Tier II and III cities. The initiative aims to bridge the urban-rural innovation divide and empower founders to take their ideas from seed to unicorn to IPO. As the knowledge and research partner, IIT Madras Global - the strategic international arm of IIT Madras - will bring deep-tech expertise ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In a week dominated by deleveraging headlines, two interoperability- and DeFi-focused initiatives are attempting something far more structural in the XRP market: programmatic lock-ups of sizable chunks of circulating supply. Axelar's new "mXRP" yield product has launched with the stated ambition -- voiced by co-founder Georgios Vlachos in a recent X Space -- of absorbing "$10 bil ...Read More >
New Delhi, Sep 24 (PTI) Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". How ...Read More >
New Delhi [India], September 23: Ameenji Rubber Limited launches ₹30 crore IPO, which will open on September 26, 2025, and close on September 30, 2025. The face value is ₹10 per equity share, with a price band of ₹95 to ₹100 per share. The issue size is 30,00,000 equity shares, aggregating up to ₹30 crore at the upper price band, and the minimum application lot is 1,200 shares. IPO Details Ameenji Rubber Limited, engaged in the manufacturing, supply, and export of rubber solutions for Railways ...Read More >
Fintech platform CRED is postponing its IPO, deeming itself "too young" and prioritizing building a robust financial ecosystem. CEO Kunal Shah aims to deepen relationships with affluent users and expand product offerings, fueled by a recent $75 million Series G fundraise. CRED launched new features including asset tracking, curated fixed deposits, and premium credit cards. Fintech platform CRED has ruled out an initial public offering (IPO) in the immediate future, with Founder and CEO Kunal Sh ...Read More >
Hyderabad: Medicover Hospitals is set for massive expansion in Hyderabad with Rs 250 crore investment. As part of the plan, its 24th facility, a 350-bed multi-speciality hospital will be iaugurated on Tuesday. Continuing with expansion, the group plans a 500-bed hospital in financial district, expected to be operational by year-end. The Secunderabad facility is built on the site of the former Sangeet Theatre Additional projects are being explored in Pune and Bengaluru, where the group is seekin ...Read More >
BENGALURU: What was once billed as India's challenger to global giants in artificial intelligence and semiconductors has quietly dwindled into a shadow of those ambitions. Krutrim, the AI venture founded by Ola's Bhavish Aggarwal, is now largely sustained by his personal wealth and loans tied to his Ola Electric stake, with most of its marquee projects abandoned. "The money that was raised from Z47 (formerly Matrix Partners India) is long gone," said a senior executive familiar with the company' ...Read More >
New Delhi, Sep 15 (PTI) State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an o ...Read More >
NewsVoir New Delhi [India], September 15: Signify (Euronext: LIGHT), the world leader in lighting, today showcased its latest portfolio of innovative and sustainable lighting solutions at the International Electrical and Consumer Goods Manufacturing (#IECGM2025India), organized by the Bureau of Indian Standards (BIS). The event, inaugurated by Shri Piyush Goyal, Hon'ble Minister of Commerce & Industry, underscores India's commitment to aligning international standards with national requirements ...Read More >
MUMBAI: In a further boost to the raining IPO season, which has already seen over Rs 75,000 crore mopped up this year, Sebi has cleared the primary share sale plans of six companies. The companies that have received the Sebi nod are digital payments major Pine Labs, auto component maker Hero Motors, spices and ready to eat foods major Orkla India (the Norwegian company had snapped up Eastern Condiments and MTR Foods some time back), Emmwee Photovoltaic Power, Canara Robeco Asset Management Comp ...Read More >
Bengaluru, Sep 15 (PTI) Fintech platform CRED has ruled out an initial public offering (IPO) in the immediate future, with Founder and CEO Kunal Shah stating the company is "too young" for public markets and is instead prioritising robust institutional building and expanding its range of offerings for India's affluent, creditworthy consumers. Acknowledging the inevitability of going public "at the right time", Shah underlined that the firm's immediate focus is on nurturing a trusted financial e ...Read More >
Mumbai (Maharashtra) [India], September 15: Shreeji Shipping Global Limited (NSE: SHREEJISPG, BSE: 544490), is a shipping logistics company focusing on dry-bulk cargo, has announced its unaudited financial results for Q1 FY25-26. Also Read | WWE Wrestlepalooza 2025 Match Card: Check List of Matches To Take Place in PLE at Gainbridge Fieldhouse in Indianapolis. Financial Highlights for the quarter ended June 30th, 2025 (Q1 FY26): * Revenue from Operations of the company stood at ₹161.19 Crore ...Read More >
Dev Accelerator's IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company's expanded services and long-term potential. Flexible workspace solutions company Dev Accelerator has received a strong response from retail investors with the quota getting subsc ...Read More >
New Delhi, Sep 15 (PTI) Creador-backed iValue Infosolutions on Monday fixed a price band of Rs 284 to Rs 299 per share for its upcoming Rs 560-crore initial public offering (IPO). At the upper end, the company is valued at around Rs 1,600 crore. The Bengaluru-based company's maiden public offering will open on September 18 and close on September 22, according to a public announcement. The IPO is a complete offer-for-sale (OFS) of 1.87 crore equity shares by promoters, an investor and individu ...Read More >
Groww's parent, Billionbrains Garage Ventures, plans to file for a $650-800 million IPO in Mumbai, aiming at an $8 billion valuation, backed by Satya Nadella. If successful, Groww will surpass Angel One as India's most valuable brokerage. Billionbrains Garage Ventures Ltd., the parent of India's largest investment platform Groww, is preparing to file for an initial public offering in Mumbai as early as next week, according to people familiar with the matter. Backed by Microsoft Corp. Chief Exe ...Read More >
The deceased was identified as Navjot Singh (52), Deputy Secretary in the Department of Economic Affairs, Ministry of Finance, and a resident of Hari Nagar, they added. A senior official of the Union Ministry of Finance was killed and three people, including his wife, were injured after a BMW allegedly hit his motorcycle near Delhi Cantonment metro station on Ring Road here on Sunday, police said. The deceased was identified as Navjot Singh (52), Deputy Secretary in the Department of Economic ...Read More >
MUMBAI: India's securities market regulator last Friday made it easier for very large private companies to go public in one of the world's top destinations for first-time share sales this year. Companies with a market capitalisation of more than five trillion rupees (US$56.5bil) can now make an initial public offering (IPO) of as low as 150 billion rupees and dilute a 2.5% equity stake, the Securities and Exchange Board of India (Sebi) said in a statement following its board meeting. Such comp ...Read More >
Mumbai: Media-buying firm WPP Media and sports consulting firm ITW Universe have picked up Board of Control for Cricket in India's tender documents for the front-of-jersey sponsorship of the national cricket team, said people familiar with the matter. A cement manufacturer and a global technology company are also understood to have purchased the documents, though their names could not be confirmed. September 12 was the final day to acquire the papers, with bids due on September 16. The sponsor ...Read More >
MUMBAI: After a slow August and a muted September so far, the IPO market is gearing up for a busy week, reminiscent of July, which saw record collections of over Rs 27,000 crore. This week, 13 companies are expected to launch their primary issues, aiming to raise nearly Rs 8,700 crore. Had Tata Capital proceeded with its mega issue of around Rs 18,000 crore as mandated by the Reserve Bank, September would have set a new record. So far, the month has seen only six mainboard issues, but the comin ...Read More >
New Delhi: The coming week promises to be busy for IPO investors, with two mainboard issues and three SME offerings opening for subscription, alongside 11 listings lined up across exchanges. Mainboard IPOs Euro Pratik Sales IPO: Decorative wall panel maker to launch a Rs 451.31 crore OFS issue from September 16-18, priced at Rs 235-247. Minimum bid size: 60 shares (Rs 14,820). Allotment on September 19, listing on September 23 (BSE, NSE). VMS TMT IPO: Gujarat-based steel bar producer to raise ...Read More >
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