BHARAT HIGHWAYS IPO
Credit card bill payment hurdles; startup funding logs slight uptick
Happy Friday! The central bank has mandated credit card bill payments through Bharat Bill Payment System (BBPS), but only eight of 34 banks are live on the network, causing concern among payment companies. This and more in today’s ETtech Morning Dispatch.
Hyundai Motor India plans to launch EV models in future; electric version of Creta by Q4 FY25
Hyundai Motor India Ltd plans to launch four electric vehicle models, including the Creta EV, in the final quarter of the current fiscal year, as outlined in its preliminary IPO filings with Sebi. The company aims to enhance the price competitiveness of its EV lineup by focusing on local production capabilities for critical components such as cells, battery packs, power electronics, and drivetrain, and establishing a localized EV supply chain.
$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Another muted D-Street debut as Gopal Snacks falls prey to negative sentiments. What investors should do
Three of the last four D-Street debuts have been in the negative and even the positive debut of Bharat Highways was just 3% above the offer price. Gopal Snacks' shares listed at Rs 352 per share, a loss of around 13% compared to its issue price of Rs 401.
Bharat Highways Invit debuts with 1% premium over IPO price
Bharat Highways Invit's IPO debuts on NSE with a 1.1% premium and 8 times subscription. The company plans to use the proceeds to repay debt. The IPO is valued at Rs 2,500 crore.
Sona Machinery IPO: Check issue size, price band, GMP and other details
Sona Machinery's SME IPO aims to raise Rs 52 crore and list on NSE SME platform. It offers agro-processing equipment, plays a role in India's food processing sector, and reserves shares for QIB, retail, and NII investors.
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Mukka Proteins IPO subscribed nearly 137 times on last day. Check GMP and other details
Mukka Proteins IPO GMP: Most analysts have given a subscribe recommendation for Mukka Proteins IPO from a long-term view over fair valuations and a unique business model. The company's shares are trading with a premium of Rs 25 in the unlisted market
Bharat Highways Invit IPO allotment: Check status, GMP, listing date and other details
Bharat Highways Invit IPO Allotment Status: Bharat Highways Invit IPO received strong institutional investor subscription. Share allotment to be finalized. Refunds on March 5, listing on March 6. Proceeds for debt repayment and corporate purposes. Revenue of Rs 1,537 crore, profit of Rs 527 crore. Lead managers: ICICI Securities, Axis Capital, HDFC Bank, IIFL Securities.
Bharat Highways Invit IPO: Check subscription on Day 3 and other details
The issue subscription stood at 2.8 times so far on Day 3 as the IPO received bids for 29.4 crore units as against 10.3 crore units on offer. The net proceeds from the issue will be utilised for providing loans to SPVs and for other general corporate purposes.
Bharat Highways Invit IPO: Check subscription on Day 2 and other details
Analysts advised investors to subscribe to the issue as the Invit seeks to expand its asset base through strategic acquisitions. It may also benefit from the government's enhanced focus on infrastructure.
Bharat Highways Invit IPO: Check subscription on Day 1 and other details
Analysts advised investors to subscribe to the issue as the Invit seeks to expand its asset base through strategic acquisitions. It may also benefit from the government's enhanced focus on infrastructure.
Bharat Highways InvIT IPO opens for subscription. Should you bid?
Bharat Highways InvIT IPO: The IPO of Bharat Highways InvIT has opened for subscription to raise Rs 2,500 crore. The net proceeds will be used for loans to project SPVs and other corporate purposes. Analysts advise subscribing as the company plans to expand its asset base through acquisitions and benefit from government focus on infrastructure.
Ahead of IPO, Bharat Highways InvIT collects Rs 826 cr from anchor investors
The InvIT has allotted 8.26 crore units to 37 funds at Rs 100 apiece, aggregating the transaction size to Rs 826 crore, according to a circular uploaded on the BSE website.
Juniper Hotels shares to list tomorrow. What to expect based on GMP?
The shares of Juniper Hotels will debut at the bourses on Wednesday. Ahead of the listing, the company's shares have been trading with a premium of Rs 0 in the unlisted market.
Bharat Highways Invit IPO opens on Wednesday. 10 things to know about Rs 2,500-cr offer
Bharat Highways Invit IPO: Bharat Highways Invit is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust, as permissible under the Sebi InvIT regulations.
Exicom Tele Systems, Platinum Industries among 6 IPOs to open this week. Check details
The Indian IPO market continues to be buoyant with six public offers set to open this week. Analysts said the relentless primary market activity is backed by optimistic investor sentiment, a robust economy, expectations of lower inflation, and rate cuts in 2024.
IPO calendar: 6 new issues, 5 listings to keep primary market busy next week
In the week gone by, two mainboard IPOs Juniper Hotels and GPT Healthcare opened with a target to raise Rs 2,325 crore.
Bharat Highways Invit to offer its units at Rs 98-100 in IPO, which opens on Feb 28
Bharat Highways Invit has priced the IPO in the range of Rs 98-100 per unit with the issue opening on February 28. The infra-investment trust is offering units worth Rs 2,500 crore through the IPO. About 75% of the issue will be available for allocation on a proportionate basis to institutional investors, and 25% will be available for non-institutional investors.
Bharat Highways Invit to launch Rs 2,500-crore IPO on February 28
Bharat Highways had filed DRHP for the IPO in December 2023 and received approval for the same earlier this year. The issue price is yet to be determined. The company proposes to use the net proceeds to repay debt availed by the project SPVs and for general corporate purposes.
Better margins, lower valuation than peers make Happy Forgings IPO a good bet
The share of machined parts - a segment that enjoys higher realisation in forging - in the company's total volume has been consistently increasing and it has been able to source raw materials at a lower rate. This helped Happy Forgings enjoy the highest operating margin among peers.
BharatPe gets interim CFO, eyes IPO in 18-24 months; Indian crypto law only after global consensus
BharatPe board chairman Rajnish Kumar told ETtech in an interview that the embattled fintech has appointed an Alvarez & Marsal executive as its chief financial officer (CFO).
Biggest gainers & losers of the day: AGS Transact's flop debut, Amber zooms 13%
The 30-share pack Sensex rallied 813.94 points or 1.42 per cent to 58,014.17. Its broader peer Nifty50 gained 239.90 points or 1.39 per cent to 17,339.85
India’s fintech gold rush to manifest in Paytm IPO next week
India is undergoing its own fintech revolution, and the race is on to grab a piece of the action. Warren Buffett's Berkshire Hathaway and Goldman Sachs stand to win from the Paytm IPO, by offloading stock and managing the country’s biggest initial share sale.
Varroc Engineering IPO kicks off; here's what top brokerages are saying
Varroc Engineering is a global tier-1 automotive component group.
Sensex, Nifty trade flat; Nifty FMCG lone sectoral loser
Nifty FMCG (down 0.06 per cent) was the only sector trading in red.
IPO watch: Poor financials, valuation dampen Bharat Road's appeal
Bharat Road Network has been making losses for the past five fiscals to FY17.
MAS Financial, Bharat Road get Sebi's go-ahead for IPOs
Net proceeds from the fresh issue will be utilised towards augmenting its capital base to meet future requirements.
Bharat Road Networks files IPO draft papers with Sebi
The public issue consists of up to 29,300,000 equity shares of face value of Rs 10 each. The issue size is estimated to be around Rs. 1200 crore.
Largecaps can still deliver up to 15% return: Bharat Iyer, JP Morgan India
In Indian market, operating leverage is on the way up. These are lower risk areas to play for potential growth and pickup in economy rather than go in for financial leverage.
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