Latest Updates Around The World
Market veteran Vijay Kedia said Friday that stock prices will eventually follow company fundamentals, pointing to the strong listing performance of Exato Technologies, an IPO pick from his portfolio that nearly doubled investor money in its debut.In a post on X, Kedia said that when fundamentals are strong, the market responds decisively. He highlighted that […]
Meesho’s upcoming IPO has revealed an interesting detail as the company plans to allocate Rs 480 crore from the offer proceeds solely to paying the salaries of its AI, machine learning and technology teams. The amount is notable not only for its size, but also because it represents one of the largest single allocations for […]
India’s leading retail investment platform, Groww (Billionbrains Garage Ventures Ltd), has entered the third and final day of its IPO filing. At the end of Day 2, the issue was subscribed 1.64 times, receiving 59.84 crore bids against the 36.47 crore shares on offer.In the gray market, the IPO GMP (gray market premium) has been […]
Tenneco Clean Air India Ltd., a unit of the U.S.-based auto parts maker, is planning an initial public offering next month that could raise about 30 billion rupees ($342 million), according to people familiar with the matter. The supplier of emissions control systems to Indian automakers has started roadshows for investors, seeking a valuation of […]
