MUTED MARKET DEBUT
No Friday blockbuster for bonds on JPM index
Indian bonds debuted in JP Morgan's GBI-EM global index suite on Friday, with the country expected to reach a maximum weight of 10% in the GBI-EM Global Diversified Index over a 10-month period. JP Morgan's analysts expect foreign investment worth $20-25 billion to flow to the local bond market from the move.
IPO Calendar: 8 issues set to ignite primary market in post-election surge next week
In the mainboard segment, the public offers of Dee Development Engineers and Akme Fintrade will kick-off from June 19, while that of Stanley Lifestyles will be launched on June 21.
Go Digit share price jumps 9% after muted listing
Following its listing on Thursday with a modest premium of 3.35% at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance continued to rally, surging another 9% to reach the day's high of Rs 305.85.
China to allow visa-free entry for foreign tour groups arriving by cruise ships
China is set to allow visa-free entry for foreign tour groups arriving via cruise ships, aiming to boost inbound tourism. Effective from May 15, groups can stay up to 15 days without a visa, entering from 13 ports. The move supports the cruise industry and enhances people-to-people exchanges.
Popular Vehicles shares make a tepid debut, but analysts are bullish. Here's why
Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.
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.
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RK Swamy makes a lackluster debut on exchanges. What should investors do?
Analysts said the muted pre-listing GMP and negative listing indicate a cautious investor approach, possibly due to volatile market conditions or concerns about competition and working capital requirements.
Entero Healthcare shares to list on Friday. What GMP signals ahead of D-St debut
In the unlisted market, the company's shares are trading with a marginal premium of Rs 2, which indicates a flat or even a discounted debut at the bourses. The IPO comprised a fresh equity issue of Rs 1,000 crore and an offer for sale of up to 47.69 lakh shares.
Capital Small Finance Bank makes a disappointing debut. What should investors do now?
Analysts said the negative performance falls significantly short of pre-listing expectations and raises questions about investor confidence in the bank's prospects.
RBZ Jewellers shares hit upper circuit after muted listing. Should you buy or sell?
The debut was in line with the subdued grey market trend, reflecting cautious investor sentiment towards the company despite its strengths.
Credo Brands shares make a muted debut on D-Street, list at mere 1% premium
The IPO of Credo Brands received a healthy response from investors with nearly 52 times subscription. The QIB portion of the IPO was booked 104 times, followed by NIIs at 55.52 times.
Suraj Estate Developers share price falls after muted listing. What should investors do?
Since most of the land parcels in the South-Central Mumbai market are re-development projects, the company's core competence lies in tenant settlement, which is a crucial element for unlocking value on such land parcels.
Suraj Estate Developers shares off to muted start, debut at 5% discount to IPO price
The IPO of Suraj Estate Developers was booked over 15.65 times at close. The retail portion of the issue was subscribed 9.3 times, and the non-institutional category's subscription rate stood at 18.9 times.
Protean eGov Technologies makes a flattish debut. Should you exit or hold?
The stock listed at Rs 792, which is the same as issue price. However, there was some buying interest in the counter post the listing as stock rose about 12% intraday.
Mamaearth parent's muted market debut, early investors clock gains; Xpressbees bags $80 million
Honasa Consumer had a rather flat debut on the stock markets today, opening at a 2% premium to its issue price. This and more in today’s ETtech Top 5.
Updater Services D-Street debut: What GMP signals about potential listing price on Wednesday
The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at the close. The issue comprised fresh equity of Rs 400 crore and an offer for sale (OFS) of 80 lakh shares by promoter and other selling shareholders
SAMHI Hotels, Zaggle Prepaid gear up for T+3 debut on Friday. Muted listing in the offing?
The debuts of both SAMHI and Zaggle are expected to be flat-to-muted, bucking the recent trend of robust listing gains
IKIO Lighting to debut tomorrow: Listing gains likely for investors, but how much?
IKIO Lighting shares are expected to receive a premium of 35% upon its listing on Friday as per market sources. The grey market premium (GMP) has dropped slightly to Rs 96-99, however, it is important to note that GMP is subject to constant change and does not guarantee actual market performance. IKIO Lighting's IPO was oversubscribed by 66.7 times, with strong bids across different segments. The company plans to use the net proceeds from the public offer to repay debts, invest in its subsidiary, and for general corporate purposes.
Udayshivakumar Infra makes a muted debut on D-Street. What should investors do?
Udayshivakumar Infra is engaged in the business of construction of various road projects including national and state highways, district roads and smart roads under PM’s smart city mission projects etc.
Radiant Cash Management lists at 10% premium to IPO price
Brokerage firms were majorly positive on the issue, suggesting to subscribe to it, considering the business model. However, a few analysts were skeptical over the company’s business due to rising competition and rich valuations.
Abans Holdings sees muted grey market activity. What to expect on St debut?
The premium in the grey market is marred by multiple factors including selloff in the secondary markets, rich valuations, high competition, low market shares and lesser known brands.
Uniparts India makes tepid D-St debut, lists at marginal discount
The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day bidding process November 30 and December 2.
Should you exit Inox Green Energy after its muted debut?
Pravesh Gour, Senior Technical Analyst, Swastika Investmart said the company has been incurring losses for the last two years, and according to the IPO objective, the funds raised will be used to pay off liabilities.
After muted debut, should you hold Fusion Micro Finance for the long term?
"Its margins remain in decline mode and the company faces a risk from the category of borrowers it serves. An increase in the level of NPAs could also be a concern for the company," he added. "Those who applied for listing gains can maintain a stop loss of Rs 340."
Fusion Micro Finance makes a muted debut, lists at 2% discount
The initial public offering of Fusion Micro Finance ran between November 2-4 wherein the company sold its shares in the range of Rs 350-368 apiece to raise Rs 1,104 crore.
TMB makes muted debut on listing day at IPO price
The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
LIC makes muted debut, lists at 9% discount on stock exchanges
Foreign brokerage Macquarie has initiated coverage on LIC with a 'neutral' rating and a target price of Rs 1,000 per share.
Rainbow Children's Medicare makes a muted debut, lists at 9% discount on bourses
Through its initial public offering (IPO), Rainbow Children's Medicare raised Rs 1,580.85 crore by offering its shares in the range of Rs 516-542 apiece. The issue was open for subscription between April 27-29.
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