Alphabet-backed Aye Finance has raised Rs 454 crore from major investors ahead of its IPO, which opens for public subscription on February 9, lending strong institutional backing to the NBFC, focused on micro-SME lending.The company informed the stock exchanges that it had allotted shares to investors at Rs 129 per share, the top end of […]
India’s IPO pipeline gained new momentum after capital markets regulator Sebi approved 12 offers, including the proposed issue of Sify Infinit Spaces that will be the country’s first pure-play data center IPO.The most closely watched approval, however, is for Sify Infinit Spaces. The company plans to raise up to Rs 3,700 crore through a combination […]
Capital market regulator Sebi has approved seven IPOs, paving the way for fundraising plans in manufacturing, chemicals, logistics, healthcare, real estate, engineering and precious metals. One of the companies receiving approval is Sillverton Industries, an environmentally friendly paper manufacturer. The company’s IPO includes a fresh issue of Rs 300 crore with an offer for sale […]
The primary market is set for a busy week, with six subscription IPOs scheduled between January 12 and 16, led by Amagi Media Labs, the only motherboard IPO scheduled during this period. The other five numbers concern SME listings. Apart from the new IPOs, five listings will be on investors’ radar, including that of Bharat […]
Seven companies across customer experience services, cables, retail, machinery, fintech, environmental engineering and healthcare have received approval from capital market regulator Sebi to tap the primary market.One of the approved issuers is Fusion CX, a Kolkata-based customer experience services provider. Fusion CX had filed its draft red herring prospectus (DRHP) in May to raise up […]
India’s record-breaking IPO year is drawing global attention, but one of the country’s prominent market voices says the pipeline quality gap is rapidly widening. Vikas Khemani, founder of Carnelian Capital, said after consulting with investment bankers that barely 5% of companies were worth meeting, and almost none struck the right balance between business fundamentals and […]
Investor sentiment appears optimistic in the gray market as three motherboard IPOs, Meesho, Aequs Limited and Vidya Wires, gear up for listing from December 3 to 5.All three issues call for a notable gray market premium (GMP), which is interpreted by market watchers as an early signal of possible enthusiasm on trading day. According to […]
Next week’s IPO calendar is relatively light, with only two offerings opening on November 19. The motherboard spotlight is firmly on Excelsoft Technologies, while the SMB segment will see the launch of Gallard Steel. Activity has waned after a series of issues, leaving Excelsoft as the only motherboard list investors can closely monitor.As many as […]
The primary market remains a red-hot one, with five IPOs, three in the mainboard and two in the SME segment, opening for subscription between November 11 and 14. Together, these offerings aim to raise more than Rs 10,000 crore, spanning sectors from education and clean energy to automotive technology and pharmaceuticals. Motherboard IPOs 1) PhysicsWallah […]
The primary market is preparing for one of the busiest weeks of the year with no less than 25 mainboard and SMEs that print the street. Problem sizes vary from RS 18 crore to more than RS 1200 Crore. The promotion will be led by Mainboard issues on large ticket such as Anand Rathi Share, […]