Daily Headlinez Top News Updates
InCred Holdings, the parent entity of NBFC InCred Financial Services, has filed confidential draft IPO papers with markets regulator Sebi, seeking to raise Rs 3,000–4,000 crore, PTI reported citing people familiar with the matter.In a public statement issued on Sunday, the company confirmed PTI that it had submitted “the pre-filed draft red herring prospectus with…
IPOs such as LG’s, which is the third-largest this year in the Indian markets, have positioned India as one of the world’s most active IPO destinations. (AI image) India’s IPO (Initial Public Offerings) market is booming, even though the secondary market has seen timid returns this year. Sample this: In a time span of just…
LG India MD Hong Ju Jeon (Screengrab-PTI) LG Electronics India made a striking debut on the National Stock Exchange (NSE) and BSE on Tuesday, but it was managing director Hong Ju Jeon’s decision to deliver his entire speech in Hindi that stole the spotlight.Jeon, who took charge as MD of LG Electronics India in January…
India’s stock markets are witnessing a wave of blockbuster IPOs, showing that domestic investors remain confident in the country’s growth story, even as the Nifty and Sensex have delivered no returns over the past 13 months.Experts say this year’s record inflow of funds into IPOs reflects strong trust in India’s economic potential.Ajay Bagga, Banking and…
WeWork India Management, the operator of co-working spaces, made a muted entry on the stock markets on Friday. The shares opened at Rs 650 on the NSE, a slight 0.31% above the issue price, but later dipped 3.84% to Rs 623.10. On the BSE, it began trading at Rs 646.50, 0.23% the issue price.The IPO,…
Canara HSBC Life Insurance Company Ltd NEW DELHI: Canara HSBC Life Insurance Company Ltd on Thursday said it has raised a little over Rs 750 crore from anchor investors, just a day before its initial share-sale opening for public subscription.The anchor book received participation from institutional investors including ICICI Prudential Mutual Fund (MF), HDFC MF,…
NEW DELHI: LG Electronics India Ltd’s IPO received 3.3 times subscription on the second day of bidding on Wednesday. The IPO got bids for 23,70,85,836 shares against 7,13,34,320 shares on offer, according to NSE data. The quota for non-institutional investors received 7.6 times subscription. The category for qualified institutional buyers (QIBs) got subscribed 2.6 times,…
The Rs 15,512-crore IPO for Tata Capital closed on Wednesday with the issue subscribed nearly two times the ex-anchor offer size. Against 33.3 crore shares on offer at a Rs 310-326-per share, the demand for the company’s shares at the close of the bidding process was for 65.1 crore shares, translating to a total book…
NEW DELHI: India’s primary stock market is preparing for a hectic week ahead, with at least five initial public offerings (IPOs) collectively valued at more than Rs 28,500 crore expected to hit the market. Tata Capital and LG Electronics India are leading the charge.The standout issue will be Tata Capital’s Rs 15,512 crore IPO, scheduled…
Unlike IPOs (where investors benefit from listing gains if shares are priced below their fair value), NFOs are not available at a “discount”. (AI image) The flood of NFOs is not abating. Some 25 new funds were launched in August, and the rush has continued in September. Four NFOs are open right now, and seven…
