BEST PERFORMING IPOS
Flood of IPOs brings sackful of bonuses to I-Bankers’ accounts
Indian investment bankers receive generous bonuses despite a soft M&A market. Top performers at local I-banks like Kotak and Axis Capital see bonuses increase by 150-200%. Average bonuses rise by 10-25% as companies focus on talent retention. IPO activity drives record equity indices and compensation levels for MDs range from ₹3-9 crore.
Tariff hikes, 5G monetisation moves hint Jio’s headed for IPO
Reliance Jio Infocomm is raising tariffs and monetising its 5G business, potentially leading to an IPO next year, with clarity expected at Reliance Industries' AGM. Valued at $133 billion, it could be India's largest IPO. Improved ARPU aims to attract investors. RIL, Meta, and Google are significant stakeholders. Financial improvements expected FY24-27. Bharti Airtel and BSE mentioned.
Petro Carbon and Chemicals stock lists with 75% premium over IPO price
Petro Carbon and Chemicals, under the Atha Group, dominates the B2B market by supplying calcined petroleum coke to a wide range of industries, ensuring high-quality carbon anodes for aluminum smelting. Its strategic growth through vertical integration and tech innovation secures its position in the market.
Ixigo's stock rally continues; retro tax relief likely for egaming cos
Shares of Ixigo continued to surge a day after the travel platform’s IPO. This and more on today’s ETtech Top 5.
Hyundai Motor gearing up to drive into Indian capital market
Hyundai has hired several investment banks to manage the IPO and is targeting a valuation of $22-28 billion. The IPO could lead to a rerating of the Indian automobile sector and benefit Hyundai's closest rival, Maruti Suzuki.
India remains best market for long term alpha generation: Vikas Pershad
In some areas we were taking some profits. Defence was one of them. And we were adding to some of our other holdings, some in hospitals, healthcare broadly defined. Sanjiv mentioned a good point about IT services. There has not been a broad-based recovery in earnings in that sector yet. But I think investors are making a mistake by overlooking that sector.
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What is the best way to play the election uncertainty? Pashupati Advani answers
Pashupati Advani discusses telecom sector, Bharti Airtel, Indus Towers, challenges faced by private banks, HDFC Bank, election uncertainty, and insights on IPOs and the primary market. Advani says: "If one was being prudent, I would actually say take money off the table in the market and wait for the actual election result. "
Signature Global reports 112% growth in pre-sales
The company reported robust growth in the revenue and net profit for the fourth quarter ended March 31, 2024 on the back of strong pre-sales booking and higher realisations.
ETMarkets Smart Talk: Focus on green energy to lead to multi-billion dollar enterprises over next decade: Jyoti Vaswani
Jyoti Vaswani discusses the potential of multi-billion dollar enterprises in the green energy space and its impact on equity markets. She provides insights on the US Fed moves, RBI, inflation, Q4 earnings, management commentary, Nifty performance as well as May trends. Vaswani says that since FY24 has seen a broad-based rally, FY 25 can be expected to be driven by sustained corporate earnings growth and policy continuity.
Jamnagar's SME IPO gets highest listing premium of 387% in 2024, 15th multibagger debut of the year
Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.
Lodha Q4 Results: Net profit jumps 21% YoY to Rs 670 crore; co reports best-ever quarterly, annual presales
The developer recently raised $400 million or over Rs 3,300 crore from investors including Invesco Oppenheimer, Blackrock, Carmignac, APG and HDFC Life through a qualified institutional placement (QIP) issue. This was the fourth equity raise by Lodha in the last 36 months totalling Rs 13,000 crores of capital including its initial public offer (IPO) in April 2021.
Making a comeback after 3 decades? 4 stocks of sector-specific term lending institutions with focus on power & railways
Term lending institutions as a sector or as a set of companies is not something which many on the street would know or remember because this word was used a couple of decades back when ICICI, IDBI were not banks. They were term lending institutions who used to give loans to companies for specific projects for a specific period of time, which used to be normally longer term as compared to banks. That model failed for multiple reasons that is why the word “ term lending institution” became a bad word or one can say went into oblivion. The one company which did not change itself for multiple reasons is IFCI and we all know what happened to it. But if one looks at some of the companies, their essential model is to provide capital for the long term. The only difference is that they are catering to specific sectors, the whole chain of companies in that sector. So they can be called “ sector specific term lending institutions” and yes they are once again back on the street because there is a world of difference in today and what things were 10 years back.
Smallcap index gave 70% return this year. Will it be a repeat performance in FY25? Chakri Lokapriya answers
Chakri Lokapriya anticipates a strong year with robust fundamentals in new sectors. Smallcap index saw a 70% return. Focus on investors, traders, NBFCs, auto sector players like Maruti and TVS Motors, and companies like Shriram Finance, SBI, VIP and Safari. Also, Lokapriya says we will continue to hold on to Indian Hotels, Chalet Hotels, Lemon Tree, Thomas Cook.
Global IPO revival lags first quarter share sales as markets rally
Dealmaking in global equity capital markets had its strongest start in three years in 2024 as economic uncertainty waned and stocks rallied, but a revival in initial public offerings has lagged.
Nearly 70% IPOs of FY24 trading above issue prices. What lies ahead in FY25?
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Reddit's IPO as much as five times oversubscribed
Reddit's oversubscribed IPO targets $6.5 billion valuation, seeking $748 million. Focus on niche topics, user moderators, and meme-stock saga. Content moderation issues persist. In New York, pricing details remain confidential.
Prefer NTPC over Tata Power; Tata Chemicals to benefit most in case of Tata Sons listing: Sudip Bandyopadhyay
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital: "There is speculation about Tata Sons getting listed, benefiting Tata Chemicals. Tata Power, Tata Steel, Indian Hotels, and Tata Motors are benefiting from the halo effect. Tata Steel is the best buy. Manappuram is an interesting buy. Nykaa, PB Fintech, and Delhivery have good potential."
Rs 85,000-crore rally in 4 days! How Tata stocks dominated the week
Altogether the combined market capitalisation of all 24 listed Tata stocks shot up by about Rs 85,000 crore to Rs 31.6 lakh crore, shows data pulled from ACE Equity.
BSE stock best performer among global bourses
BSE shares, which are listed on the National Stock Exchange, closed at ₹2352.45 on Saturday. The stock hit an all-time high of ₹2,598.95 on February 5. BSE shares' 430% gains in the past year far exceeds the 35% upmove in US-based Intercontinental Exchange (ICE), the second-best performer in the pack
Reddit's US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023
The initial public offering (IPO) filing comes almost two decades after Reddit's launch and will be a major test for the platform that still lags the commercial success of social media contemporaries such as Facebook and Twitter, now known as X.
Brookfield India REIT leases 1 million sq ft in Q3, best-ever performance since listing
During the quarter ending December, Brookfield India Real Estate Trust secured leases for over 1 million sq ft of office space, attracting tenants such as Accenture, Capgemini, L&T Hydrocarbon, Newgen, Wipro, and Genpact. Projections indicate 2.0-2.4 million sq ft of new leasing over the next 4-5 quarters.
Massive growth opportunities for healthcare industry in India: Entero Healthcare MD
“Our business model is very simple. We are one of the largest distributors of healthcare products in this country. Basically, we buy from 1900 different companies today and supply to around eighty-one-and-a-half thousand retail pharmacies and three-and-a-half thousand hospitals.”
SME IPO market witnesses a record run in 2023
Out of the 166 SME companies listed, 136 closed higher on debut and 24 companies recorded over 99.5% gains on listing day. Goyal Salt had the highest listing day gains at 258% followed by Sungarner Energies and Basilic Fly Studio with 216% and 193.4% gains, respectively. The most visible aspect of SME IPOs was the subscription rates, said FYERS. Fifty-one companies reported a subscription rate of over 100 times while 12 witnessed subscription rates more than 300 times.
IPO Tracker 2023: Most IPOs fetch double-digit returns. Checkout best and worst performers
Take a look at how some of the IPOs this year got listed compared to their issue price. (Source: ETNOW)
IPO Market Tracker: Here are the best & worst performers of FY23
Headquartered in Hyderabad, Hariom Pipe is a premium manufacturer of iron and steel products. The company has a diverse product portfolio consisting of mild steel billets, pipes and tubes, hot rolled coils and scaffolding systems.
The biggest, best & worst-performing IPOs of 2022
However, on the positive side, some stocks are trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging anywhere between 100% and 150% in 2022.
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