SELLING UNLISTED SHARES
Akiko Global Services stock debuts with 27% premium on NSE SME platform
Akiko Global Services debuted on the NSE SME platform with a 27.27% premium. The IPO was oversubscribed 30 times. The company focuses on credit cards and loans, using direct selling for product demos. In January 2024, their revenues were Rs 26.09 crore, with a profit after tax of Rs 3.21 crore.
Divine Power Energy shares list with 287% premium on NSE SME platform
Divine Power Energy's NSE SME IPO debut highlighted the critical role of winding wires in voltage regulation, converting electric to magnetic energy with fiberglass insulation for enhanced efficiency in power distribution.
Emcure Pharma announces price band for Rs 1,952-crore IPO at Rs 960-1,008/share. Check GMP, other details
Emcure Pharmaceuticals has announced its initial public offering (IPO) with a price band of Rs 960 to Rs 1,008 per equity share. The subscription for the IPO will open on Wednesday, July 3, and close on Friday, July 5. The floor price and cap price of the issue are set at 96 times and 100.80 times the face value of the equity shares, respectively.
Income tax saving: Sold land, house or jewellery? Know how indexation benefit can help you lower your long-term capital gains
Capital gains taxation: You can save your net capital gains tax outgo by using indexation benefits allowed by income tax laws. File ITR now and pay a lower amount of capital gains tax. However do note only long term capital gains are eligible for indexation. Short term capital gains are not eligible for indexation.
Have income above Rs 3 lakh? Pay zero tax if your income is up to this limit, thanks to rebate under section 87A
Income tax rebate: Under section 87A you can get a maximum tax rebate of Rs 12,500 under the old tax regime and up to Rs 25,000 under the new tax regime. However this rebate is only available if your income is upto a specified limit. Read to find out more about income tax rebate.
Magenta Lifecare shares list at 29% premium over issue price
The issue, which was completely a fresh equity sale of 20 lakh shares, received an overwhelming response from investors with a subscription of over 900 times at close. Net proceeds from the Magenta Lifecare IPO are proposed to be used for funding the incremental working capital requirements of the company and other general corporate purposes.
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Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
Kronox Lab Sciences IPO opens on Monday. 10 things to know before subscribing to the issue
Kronox Lab Sciences plans to raise around Rs 130 crore from the issue. The IPO is completely an offer for sale of up to 97.5 lakh shares with no fresh issue component. The current GMP of the company is Rs 80 in the unlisted market.
Awfis Space Solutions IPO opens today. What GMP signals ahead of issue launch
The Awfis Space Solutions IPO is set to commence subscription on May 22, closing on May 27. Prior to the launch, shares of the company are trading at a premium of Rs 165 in the unlisted market.
Go Digit Insurance IPO: Retail portion fully booked even as overall demand remains steady on Day 1
Virat Kohli bought 2.66 lakh shares of the company for Rs 2 crore in 2020, while Anushka Sharma invested 50 lakh through a private placement. Currently, Go Digit IPO GMP is Rs 45, slightly lower than the previous week.
Go Digit IPO sails through on Day 3. Check GMP and other details
Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.
Go Digit Insurance IPO subscribed 79% on Day 2, retail portion booked 254%. Check GMP, other details
Go Digit Insurance's IPO was subscribed 79% on the second day of the bidding process. The retail portion was fully subscribed at 2.54 times, while the non-institutional investors' portion reached 0.73 times. Qualified institutional buyers' quota was subscribed 0.24 times.
Refractory Shapes shares list at 142% premium on NSE SME platform
Refractory Shapes had a successful debut on NSE SME, listing at Rs 75 with a 142% premium. The IPO of 60 lakh shares was oversubscribed by 200 times, catering to diverse industries and offering tailored products.
NSE stock soars 25% in unlisted market post 4:1 bonus issue
Intercontinental Exchange is currently valued at $77 billion while CME Group is valued at $76 billion. London Stock Exchange, Hong Kong Exchanges and Deutsche Boerse AG are valued between $38 billion and $60 billion.
Slone Infosystems shares list at 50% premium on NSE SME platform
Slone Infosystems Share Price: The IPO, comprising a fresh equity issue of 14 lakh shares, garnered an astonishing overall subscription of over 600 times at closing. This overwhelming response was fueled by robust interest from non-retail investors.
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
SoftBank is shifting focus to AI and semiconductors, while its Vision Fund is selling stakes or writing down billions of dollars worth of its publicly-listed companies. SoftBank founder Masayoshi Son is looking to bankroll a $100-billion chip venture to compete with Nvidia for providing semiconductors to power the development of AI services.
Varyaa Creations shares debut with 90% premium over issue price
Varyaa Creations debuted with a 90% premium on BSE SME, offering 13.4L shares at Rs 135. Evolved from Kalgi India, now focusing on jewelry trading, online-offline sales, and Mumbai-based manufacturing. 2023 financials: Rs 17.62 Cr revenue, Rs 3.51 Cr profit.
Ramdevbaba Solvent shares debut with 32% premium on NSE SME platform
Ramdevbaba Solvent debuts with 31.8% premium on NSE SME platform. IPO oversubscribed 100 times. Proceeds for new facility, debt repayment. Manufacturer of rice bran oil serving FMCG companies like Marico, Mother Dairy with diverse product range.
Greenhitech Ventures shares debut at 90% premium over issue price
Greenhitech Ventures share price: Greenhitech Ventures debuts with a 90% premium on BSE SME at Rs 90 from Rs 45, trading petroleum-based products like biofuels and bitumen. The company also operates ethanol plants in distilleries, offering business solutions in the market.
Zomato’s 260% stock surge has analysts scrambling to catch up
Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup Inc. and HSBC Holdings Plc.
Bharti Hexacom shares list at 32% premium over issue price
Bharti Hexacom shares listed at a 32.5% premium on BSE and NSE, after attracting strong interest from non-institutional investors. The IPO was solely an offer for sale by TCIL, with the company operating in Rajasthan and the North East telecommunication circles.
Tata Sons confirms selling 2.34 crore shares of TCS in block deal
Following the stake sale, Tata Sons' stake in TCS has fallen to 71.74% from 72.38% earlier. The impact of the large block deal has been negative on the stock as it fell 4% on Tuesday and is now down about 7% from Monday's high. The Tata Group has not officially commented on the rationale behind the stake sale, which is small in percentage equity terms but large in size.
Tata Sons to sell TCS shares worth Rs 9,000 crore. Is it to dodge the mega IPO?
In what could be part of a fundraising exercise to avoid the mega IPO of Tata Sons, the holding company of the Tata Group has offered to sell 2.34 crore shares of TCS in block deals. The total transaction could be worth about Rs 9,300 crore. The floor price of the block deal represents a discount of 3.6% from Monday's closing price.
Gabriel Pet Straps lists with 14% premium on BSE SME platform
The issue received robust response from investors where it was subscribed 246 times. The part reserved for retail investors was subscribed 120 times and other investors were booked 361 times. The IPO was entirely a fresh equity issue of up to 7.98 lakh equity shares aggregating to Rs 8.06 crore.
NSE’s unlisted shares rally over HNI, retail demand
Additionally, a rally in the shares of the two listed exchange operators - BSE and MCX - and the unlocking of value through the proposed public issue of the National Securities Depository, in which NSE holds a 24% stake, also played a role in fuelling the price, the brokers said.
I want to buy a house in Canada by selling all my stocks in India. What will be my tax liability?
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What is the process of selling unlisted shares?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
To list or unlist: Is it an effective business strategy to please everyone at all times for India Inc?
Taking a public company private allows for changes and growth goals to be achieved more easily without the pressure of meeting quarterly expectations from analysts, according to a recent report. Private companies have longer-term decision making, as they are far from the gaze of public investors, who are often accused of being short-term oriented. An over-communication between management and the analyst community can also steer expectations and risk sacrificing longer-term decision-making. Many companies refuse to provide public guidance or insights, instead choosing to focus on long-term planning.
What is the best unlisted stock Deven Choksey would buy if he could
Deven Choksey, the MD of KRChoksey Holdings Pvt. Ltd, prefers National Stock Exchange (NSE) over CSK, as NSE has a large balance sheet and holds a significant amount of cash. He believes that the stock exchange business has relatively higher predictability of revenue in the future. NSE has the potential to grow as its market capitalization could increase four-five times in the next 10-15 years.
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