The Securities and Exchange Board of India (SEBI) is returning draft papers of initial public offerings (IPOs) to merchant bankers citing reasons for the lack of due diligence or disclosures, a strong signal to the investment bankers community, Moneycontrol reported on Monday, July 29, quoting anonymous sources. Garuda Construction, Jaykay […]
initial public offering
Indian stock market after the Union Budget 2024 announcement is set to witness the launch of two new initial public offerings (IPOs) and the listing of two companies in the coming week. Dalal Street is expected to witness the issue of the two pharmaceutical sector IPOs, one EV maker IPO, […]
Shares of Timee Inc. — the developer of an innovative job matchmaking app helping address Japan’s severe labor shortage — jumped 14% in their first day of trading. The stock closed at ¥1,650 Friday on Tokyo Stock Exchange’s Growth market, after the nation’s largest initial public offering so far this […]
Ever since Jio Financial Services Ltd (JFSL) was listed in July 2023, investors have been awaiting news on the potential listing of another subsidiary of Reliance Industries Ltd (RIL) – its telecom arm Jio Platforms Ltd. While it’s likely to be listed in the near future, the key question is […]
The Securities and Exchange Board of India (Sebi) has put on hold the proposed initial public offering (IPO) of SK Finance, a non-bank lender focused on vehicle finance and business loans. Without specifying reasons, Sebi stated that the “issuance of observations (has been) kept in abeyance,” as per an update […]
(Adds background on airline in paragraphs 5, 10-11) July 1 (Reuters) – Avianca Group plans to confidentially file for an initial public offering in the United States, the holding company for the Colombian airline said on Monday. The Bogota-based airline, with over 100 years of operation since 1919, is moving […]
As the final date of bidding for the initial public offering (IPO) of Vraj Iron and Steel comes to an end, investors have now shifted their focus on the allotment, which is likely to be finalised on Monday, July 1, 2024. The ₹171 crore issue was open for subscription between […]
Akme Fintrade IPO: Akme Fintrade (India) Ltd is gearing up to launch its ₹132 crore initial public offering (IPO) on D-Street next week, with the subscription period running from June 19 to June 21. The company has set the price band for the issue at ₹114-120 per share. Also, the […]
Hindalco Industries Ltd stock was the top gainer among the Nifty 50 companies on Wednesday, hitting a new 52-week high of ₹713.50 before closing about 4% up on the day. Details of the proposed initial public offering (IPO) of its subsidiary Novelis in the US, which assigns it a market […]