The recently concluded initial public offering (IPO) of Enviro Infra Engineers Ltd. received a highly encouraging response from investors, as the issue was oversubscribed by a whopping 89.90 times on the final day of bidding. Qualified institutional buyers (QIBs) showed the strongest demand, subscribing to their quota by 157.05 times. Non-institutional investors (NIIs) also showed great interest, with their quota being subscribed by 153.80 times. The company's shares are expected to list on BSE and NSE on Nov. 29, with the IPO price band being set between Rs 140 to Rs 148 per share.
Hyundai Motor India Limited's shares debuted on the stock market below their issue price, reflecting a decline of 1.5%. The IPO raised Rs 27,870.16 crores through an offer for sale of 14.22 crore shares, with the final issue price settled at Rs 1,960. Despite high expectations and a pricing range between Rs 1,865 and Rs 1,960 per share, Hyundai's share price fell further by 3% after the initial trading.
Waaree Energies, an Indian manufacturer of solar PV modules, will be launching its initial public offering (IPO) on Monday, October 21. The IPO includes a fresh share sale of Rs 3,600 crore and an offer-for-sale of up to 48,00,000 equity shares. The company plans to use the proceeds from the issue for establishing a new manufacturing facility and general corporate purposes. The IPO is expected to be listed on BSE and NSE on October 28.
Premier Energies, a solar energy company, had a stellar debut on the stock market today with a 120% increase in stock price, doubling investors' money. The company's initial public offering received strong demand, and the stock opened at a price of Rs 990 on NSE, much higher than the issue price of Rs 450. Prominent business news sources had predicted a strong debut for the company, advising investors to apply for long-term gains and hold their positions with a stop loss. Premier Energies' business operations include manufacturing solar products, executing EPC projects, and providing other solar-related services.
Despite facing regulatory challenges in the past, National Stock Exchange of India (NSE) is once again seeking approval from SEBI to move forward with its initial public offering (IPO) plans. The exchange had initially planned to go public in 2016, but had to withdraw its IPO documents due to a co-location scam. After facing a significant penalty and a six-month restriction from raising funds, NSE is now awaiting SEBI's response to its latest request for a no-objection to proceed with its IPO plans and to refile the Draft Red Herring Prospectus (DRHP). With the decision in SEBI's hands, NSE's future as a publicly listed company hangs in the balance.
Aeron Composite, a leading manufacturer of FRP products, has launched its initial public offering with a price band of Rs 121-125 per share. The company is looking to raise a total of Rs 56.10 crore through a fresh share sale, which will mainly be utilized for expansion and general corporate purposes. With a strong backing from anchor investors and a well-established manufacturing facility, Aeron Composite is set to make its mark in the market as it makes its debut on NSE next week.
Minda Corporation Ltd, a leading player in the auto ancillary industry, has made its debut in the stock market with a successful initial public offering (IPO) launch. The company, with its registered office in New Delhi, has been in operation since 1985 and is led by Chairman Ashok Minda and Company Secretary Pardeep Mann. Investors can access corporate data, historical price and volume data, and stock analysis on this website, sourced from trusted partners BSE and NSE. However, it is advised to seek professional advice before making any investment decisions.
On the first day of trading, the stock for a newly listed company saw a significant increase of 49.39% on the BSE and 49.63% on the NSE. The initial share-sale will be open to the public for three days starting April 23, with anchor investors bidding a day earlier. The company does not have a set timeline for their initial public offering, but the market is seeing a surge in companies filing for IPOs, with 56 companies targeting to raise a total of Rs 70,000 crore.
Get ready to invest in India's leading travel booking platform, ixigo, as the company gears up to launch its mainboard initial public offering worth Rs 740 crores on June 10. With a price band of Rs 88 to Rs 93 per share, the IPO is expected to close on June 12 and to be listed on both BSE and NSE on June 18. The company has already mobilized Rs 333 crore from anchor investors ahead of its IPO. Don't miss out on this opportunity to be a part of the ever-growing travel industry in India.
The highly anticipated initial public offering of Bharti Hexacom Ltd has finally made its debut, with the share price soaring by more than 30% on both the BSE and NSE. This marks the first public issue of the financial year 2024-25 and a successful return for the Bharti group in the IPO market. With a strong opening, it remains to be seen how this new addition to the stock market performs in the long term as per renowned market analyst Anil Singhvi.