Latest Updates Around The World
The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL) will open for bids on Friday, January 8 and close on January 13. The Rs 1,300 crore issue will be entirely an offer for sale (OFS) with promoter Coal India (CIL) selling up to 46.57 crore shares.Bidding for anchor investors opens on Thursday, January […]
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 […]
Shares of Emmvee Photovoltaic Power remained muted after a flat trading on Tuesday, debuting at Rs 217 on both the BSE and NSE – right in line with the issue price. The subdued start did not come as a surprise considering tepid subscription during the three-day offering period and a gray market premium (GMP) falling […]
Tenneco Clean Air India’s Rs 3,600-crore IPO entered its second day of subscription after being 42% subscribed on day 1. The issue received bids of Rs 2.77 crore against 6.66 crore shares on offer.The IPO has generated strong interest in the gray market, with the gray market premium (GMP) rising to around 21.5%, up from […]
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 […]
Gujarat Peanut and Agri products will be mentioned on the BSE SME platform on 3 October after completing a fully subscribed problem. Prior to his debut, the IPO recommends a Gray Market Premium (GMP) of RS 25 per share, about 31% compared to the issue price of RS 80. IPO response The RS 23.81 Crore […]
Ganesh Consumer Products, a leading food company in East India, drew a 6% subscription on the opening day of his IPO on Monday, encouraged by demand from retail and non-institutional investors. Around 12:00 the shopping area was offered 12%, while non-institutional investors (NIIS) were good for 2% of the subscriptions. Qualified institutional buyers (QIBS) were […]
Airfloa Rail Technology, a supplier of the Indian Railways, has been set to open its RS 91 Crore IPO for subscription on 11 September. The book-built number will be closed on 15 September, with a list planned for September 18 on the BSE SME platform. The IPO has already generated Buzz in the non-listed market, […]
Sugs Lloyd, a technology-driven engineering and construction company with a strong focus on renewable energy consumption projects, is preparing to debut on the BSE SME platform on Friday. In anticipation of the offer, the share recommends a GMP of approximately 1%, which indicates muted list expectations despite decent subscription figures. The RS 85.66 Crore IPO, […]
