PRIMARY SHARE SALE
Stable economy boosts India's housing market to new heights, scales 11-year peak
The housing property market across India is witnessing substantial growth in sales volumes, driven by stable economic conditions and continued confidence, even amidst higher mortgage rates. This uptrend is led by the top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad, propelling the country’s residential real estate market to an 11-year high in sales volumes during the first half of the year.
Visaman Global Sales shares list at a 5% premium over IPO price
Visaman Global Sales debuted on the NSE SME platform with a 4.88% premium on Monday, opening at Rs 45.10 compared to its issue price of Rs 43. Prior to its listing, the company's shares traded at a premium of Rs 13 in the unlisted market. The IPO, consisting entirely of fresh equity comprising 37.32 lakh shares, was oversubscribed by over 42 times.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
IPO Calendar: Primary market gears up for another robust week as 3 companies look to raise Rs 2,700 cr
Apart from the above 3 public offers, the Street will see as many 11 listings including that of Allied Blenders and Vraj Iron and Steel, which received healthy investors' response for their IPOs in the week gone by.
Armee Infotech files papers to garner Rs 250 cr via IPO
IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO).
IPO Calendar: Primary market to see 9 new issues and 11 listings next week in post-election boom
Alongside new IPOs, 11 companies will be listed on the stock market, including Stanley Lifestyles, DEE Development Engineers, and Akme Fintrade. Both DEE Development Engineers and Akme Fintrade's public offerings were oversubscribed, indicating strong investor interest.
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UK’s Vodafone Group sells 18% in Indus for Rs 15,300 crore
The stake sale proceeds will be used to clear bulk of the UK company’s existing lender dues relating to $1.8 billion of borrowings secured against its Indian assets.
Vodafone Idea's Indus stake sale could speed up repayments to towerco, which may issue dividend: JP Morgan
Vodafone Group's potential stake sale in Indus Towers may generate $2.3 billion in cashflows, prompting accelerated repayment to vendors and a special dividend to shareholders. The sale could clear past dues and benefit Vodafone Plc's lenders. An equity infusion might lead to a special dividend in FY25 for Indus Towers.
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.
IPO season is back with more than 2 dozen companies chasing Rs 30,000 crore
India's primary market anticipates a wave of IPOs with over two dozen companies planning to raise ₹30,000 crore. Investor confidence is high with the Modi government's return for a third term, ensuring stable governance and policies.
IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week
The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.
Lending startup Fibe closes $90 million financing in mix of primary and secondary transaction
Pune-based consumer lending startup Fibe is raining money at a time when fintech lending startups focusing on unsecured consumer lending are finding it difficult to raise fresh equity funding due to RBI's scanner.
Kronox Lab Sciences IPO booked 118x on last day. Check GMP and other details
On Wednesday, the final day of the bidding process, the initial public offer (IPO) of Kronox Lab Sciences witnessed a subscription rate of nearly 118 times, fueled by strong demand from non-institutional investors. This particular category was oversubscribed by an impressive 302 times.
Temasek, Fidelity pick up $200 million stake in Lenskart secondary deal at $5 billion valuation
Singapore's Temasek and US financial service major Fidelity invest $200 million in Lenskart through a secondary share sale, valuing the company at $5 billion.
IPO Calendar: Primary market continues to remain vibrant with 2 new issues, 6 listings next week
Despite general election uncertainty, the primary market remains active with upcoming IPOs like Kronox Lab Sciences and Sattrix Information Security. Analysts foresee a wave of IPOs post-elections, driven by increased domestic capital, improved governance, and supportive government policies.
Hindalco unit Novelis to debut on NYSE in 2 weeks at likely valuation of $12.6 bln
Hindalco will raise up to $945 million at the upper end of the proposed price range. Including a green-shoe option, whereby it could offer another 6.75 million shares, or a 1.1% stake, in case of overallotment, the total proceeds for the sole shareholder of Novelis could go up to $1.09 billion.
Ecommerce fails to click for firms in Q4 as sales dip across segments
Online consumption lagged in the March quarter across segments like electronics, wearables and beauty. Delhivery said ecommerce delivery volumes declined 13% sequentially in the March quarter to 176 million, while on a year-on-year basis they were down 2%. Cofounder and CEO Sahil Barua indicated this slowdown comes after a strong December quarter.
Aimtron Electronics among 5 SME IPOs set to hit the Street this week. Check details
In the SME segment, Aimtron Electronics, Beacon Trusteeship, Vilas Transcore, Ztech India, and TBI Corn will debut this week. Meanwhile, the mainboard IPO, Awfis Space Solutions will list on the exchanges this week.
Virat Kohli-backed Go Digit debuts at 5% premium over IPO price
Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.
IPO calendar next week: 2 new issues, 8 listings to keep primary market vibrant even amid elections
IPOs Next Week: Apart from the new issues, D-Street will see as many as 8 listings including that of the Go Digit General Insurance, which opened for subscription in the week gone by and generated significant enthusiasm among investors, reflecting the broader positive market sentiment.
As 'Nandini' sponsors T20 WC teams, Siddaramaiah says 'will take co-op brand to the world'
The Karnataka-based Nandini dairy brand has been announced as the official sponsor of the Scotland cricket team in the upcoming T20 World Cup in the US. Chief Minister Siddaramaiah praised the move as a significant step in making Nandini a global brand. The company, known in countries like Malaysia, Vietnam, Singapore, USA, Dubai, UAE, and UAE, is the second largest dairy co-operative in South India. KMF has 16 Milk Unions covering all districts of Karnataka.
IPO Calendar: Primary market to host Go Digit's highly-anticipated issue, 4 SME IPOs & 12 listings next week
Amidst a busy week in the primary market, Go Digit's highly anticipated IPO is set to launch on May 15. Despite election season, three companies raised over Rs 6,000 crore with positive response. Additionally, four SME IPOs and 12 listings are scheduled for next week.
IPO Calendar: Primary market to do away with election blues with 9 IPOs opening next week
Indegene will launch its IPO on May 6, Aadhar Housing Finance and TBO Tek on May 8. All three companies will cumulatively raise just over Rs 6,000 crore through their issues.
Election season, so what? IPO floodgates to stay open in May
May's IPO frenzy continues with companies raising funds despite election season volatility. Vodafone Idea FPO oversubscribed 7 times, Bharti Hexacom trading at a 52% premium. ICICI and Kotak remain positive. Ola Electric plans $1 billion IPO.
Ather eyes new round, Nikhil Kamath buys big part of Sachin Bansal’s holding
Sources told ET Ather Energy is also in the final stages of plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors. This underscores increasing investor interest in the company and the mobility segment. The company is also approaching new investors.
IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week
Next week's primary market features the mainboard IPO of JNK India and three SME public offers. Despite a slow start to the fiscal year, analysts are optimistic about upcoming public issues, citing increased domestic capital, improved governance, Indian entrepreneurship, and supportive government policies. Additionally, four listings are anticipated, including Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent, and Faalcon Concepts.
IPO calendar next week: Bharti Hexacom's listing, 3 new issues to keep primary market rolling on
Even though there are no new IPO launches next week, the Street will see the listing of Bharti Hexacom's public offer, which received a healthy subscription of nearly 30 times.
Rs 70,000 crore pipeline awaits IPO market in FY25, featuring some household names
Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected to hit the markets next fiscal with some big names in the mix.
FPIs buy big in primary market even as secondary sales continue
According to NSDL data, foreign investors withdrew a total of ₹51,697 crore from the secondary market since September 1. In the primary market, they infused ₹11,501 crore during the same period, resulting in a net outflow of ₹40,196 crore from the equity markets. The Nifty index has risen 1.8% in the past three months.
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