PUBLIC DEBUT
Bhavish Aggarwal compares Ola's upcoming IPO with that of Maruti's 20 years ago
Ola founder Bhavish Aggarwal elaborated on the process involved. "We filed the final observations. There's still a bunch of process steps to go through over the next few weeks. And as we go through them, we are keen to get onto the markets, as soon as we get them, but you won't give a date from data because, there's a SEBI process that you have to follow."
'Despicable Me 4': Will it earn more than $100 million on debut? Know about release date, voice cast and other details
Directed by Chris Renaud and co-directed by Patrick Delage, “Despicable Me 4” will have the voice cast of Steve Carell, Kristen Wiig and Miranda Cosgrove. It is most likely to light up the box office over the Fourth of July holidays and earn $100 million to $125 million during the five-day holiday frame.
IPO Corner: 4 companies are all set for a D-Street debut
Ahmedabad-based Mamata Machinery exports extrusion equipment while Shivalik Engineering Industries' IPO includes fresh issue shares and an offer for sale with a face value of ₹5 per equity share. Gala Precision and Interarch Building Products have received Sebi approval for their IPOs.
Sylvan Plyboard stock debuts with 20% premium on NSE SME platform
Sylvan Plyboard's IPO on NSE SME platform debuted with a 20% premium. Reporting revenues of Rs 162 crore and a net profit of Rs 4.47 crore, the company distributes products through authorized dealers and sub dealers.
Multibagger debut! Shivalic Power Control shares list at 211% premium over IPO price
The IPO, which was completely a fresh equity sale of 64.32 lakh shares, was subscribed over 250 times at close, driven by strong interest from retail and non-institutional investors.
Stanley Lifestyles shares jump nearly 30% in debut trade
Shares of luxury furniture brand Stanley Lifestyles Ltd ended with a premium of nearly 30% on Friday, against the issue price of Rs 369. The stock started the trade at Rs 499, reflecting a jump of 35.23 per cent on the BSE.
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Multibagger Debut! Medicamen Organics stock debuts with 305% premium on NSE SME platform
Medicamen Organics, a pharmaceutical company, saw a successful listing on the NSE SME platform with a substantial premium. The company focuses on international markets, diverse pharmaceutical dosage forms, and global expansion strategies, reflecting its growth potential and market adaptability.
Winny Immigration stock debuts with 71% premium on NSE SME platform
Winny Immigration's successful NSE SME platform debut with a premium reflects investor confidence, supported by strong financial performance and a focus on enhancing global mobility through visa consultancy services.
Anime platform Crunchyroll debuts on Prime Video Channels
Prime Video has introduced Crunchyroll on its aggregation service, offering over 800 anime titles for Rs 79/month. Viewers in India can enjoy new releases in multiple languages, with Prime members gaining access to 40 new shows, including popular series like Black Butler and Demon Slayer.
Ixigo’s stellar stock market debut: Here’s what venture funds Elevation, Peak XV made on their investments
Le Travenues Technology, which operates the travel platform Ixigo, made a stellar debut on Dalal Street on Monday with a premium of 48.5%. The IPO included a fresh equity issue of Rs 120 crore and an offer for sale (OFS) of up to 66.6 million shares. Existing shareholders such as Elevation Capital, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings partially offloaded their stakes through the OFS.
Ixigo shares jump 20% after a robust debut at the bourses. Should you hold or book profits?
The impressive listing performance of Le Travenues Technology indicates the overwhelming investor response during the IPO, which saw a subscription rate of 98 times. Net proceeds from the offer are supposed to be utilised for funding working capital requirements, investments in tech, funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.
Ixigo shares debut at 48.5% premium over issue price
Ixigo IPO was booked nearly 98.34 times at close on strong interest from non-institutional and institutional buyers. Ahead of the listing, the company's shares traded with a premium of Rs 30 in the unlisted market.
Priyanka Gandhi Vadra: Congress party's new talisman who is set to make her electoral debut from Wayanad
Priyanka Gandhi Vadra, since entering active politics in 2019, was initially considered a contender against Prime Minister Narendra Modi in Varanasi and a potential successor to Sonia Gandhi in Rae Bareli. However, the Congress has chosen to field her from Wayanad, a seat held by her brother Rahul for two terms. Priyanka, 52, expressed her readiness to represent Wayanad, affirming her enduring connection with Rae Bareli. Her candidacy marks a significant move for the Gandhi family, aiming to secure a third member in Parliament alongside her mother Sonia. Her impactful campaigning in the 2024 elections has solidified her role as a key figure within the Congress party.
Ixigo IPO: Shares likely to debut at 32% premium on June 18
Ahead of the listing, the company's shares are trading with a premium of Rs 29-30 in the unlisted market. If the current trends are sustained, the shares are expected to list with a premium of 32%. Ixigo IPO was priced at Rs 93 at the upper end.
Aamir's son Junaid's debut movie 'Maharaj' release stalled by Gujarat HC
"Maharaj" caught the attention of social media users on Wednesday with hashtags such as "Boycott Netflix" and "Ban Maharaj Film" trending on X. On Thursday, Aamir Khan was also trending on the social media platform.
Sattrix Information debuts with 24% premium on BSE SME platform
On Wednesday, shares of Sattrix Information Security made their debut on the BSE SME platform, opening at Rs 150 per share, marking a premium of 24% compared to the issue price of Rs 121 per share.
Retail buyers oversubscribe Ixigo IPO within hours on debut
Retail investors bid for 17.6 million shares compared to the 7.9 million shares available, as of 11:42 AM on Monday, BSE data showed. The non-institutional segment subscribed 0.47 times, while the qualified institutional buyers (QIB) are yet to show significant activity.
Startups seek advice on IPO timing in choppy markets
Multiple new-age companies looking to go public are seeking counsel on their next moves in response to the stock market volatility following the general election results on Tuesday. These companies are looking for advice on the timing of their public listings even as they remain confident about India's macroeconomic prospects, founders, investors and investment bankers told us.
Six civic bodies likely to debut on Bond Street by next month
Nashik, Visakhapatnam, Kanpur, Surat, Varanasi, and Prayagraj are likely to issue municipal bonds by July with a fundraise of Rs 100-300 crore at 7.9-8.3% coupon rate. Municipal bodies have raised nearly Rs 3,000 crore from the bond market in last seven years
Awfis makes stock market debut at a premium: key things to know
Awfis listed on the bourses on Thursday, with its stock opening at Rs 435 on NSE, a premium of 13.57% to the issue price of Rs 383 per share. On the BSE, it listed at Rs 432.25, up 12.85%. For the IPO, the company was valued at Rs 2,659 crore. At the end of the first day’s trade, its market capitalisation was Rs 2,909 crore. Here are some key details about the listing.
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.
A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
Rulka Electricals stock debuts at 123% premium over IPO price
Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.
Go Digit’s D-Street debut; Honasa Consumer Q4 financials
Shares of Go Digit General Insurance started trading on the stock market Thursday. More on this in today’s ETtech Top 5.
Go Digit makes stock market debut, gains 12% on issue price
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.
Quest Labs stock debuts with 60% premium on NSE SME platform
Quest Laboratories made its debut on the NSE SME platform on Thursday, starting with a 60% premium. The stock opened at Rs 155, surpassing its issue price of Rs 97. Before its listing, the company's shares were trading at a premium of Rs 80 in the unlisted market.
Aadhar Housing Finance makes a flat debut
"Although the company made a debut with a flat opening, its wide geographical distribution network and strong fundamentals offer good opportunity for the long-term as its target customers are low-income groups from rural and semi-urban areas," said Raj Gaikar, analyst, Samco Securities. "The housing finance credit share of rural and semi-urban locations is rising continuously, giving housing finance companies (HFC) an opportunity to expand their operations."
Finelistings Technologies stock debuts with 4% premium on BSE SME platform
Finelistings Technologies IPO on BSE SME platform saw a 4% premium debut. The company offers software services, cloud-based solutions, and digital transformation expertise. With a focus on used car dealership trends, its financial performance remains strong.
Donald Trump's youngest son pulls out of political debut citing 'prior commitments'
Barron Trump (18) had been selected by the Florida GOP to serve as an at-large delegate at the July convention. Several other Trump family members - including Donald Trump Jr, Eric Trump and Tiffany Trump - were also selected as delegates. Notably, this would have marked Barron Trump's first foray into politics in the public spotlight
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