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There is a ring of truth to tariff hike
India's telecom companies, including Reliance Jio, Bharti Airtel, and Vodafone Idea, are increasing tariffs to boost revenue and fund network expansion, following a lifeline from the Government of India for spectrum purchase. Despite high spectrum prices and fierce competition, recent price hikes signal industry recovery and a shift towards sustainable growth. The focus is now on transitioning subscribers to 4G and preparing for the game-changing 5G era to support India's digital development.
Emcure Pharmaceuticals IPO fully subscribed on Day 1. Check GMP and other details
Emcure Pharmaceuticals' IPO attracts high demand from investors, with a price range of Rs 960-1008 per share. Analysts foresee business improvements and revenue growth potential in the global pharmaceutical market, supporting the company's expansion strategies.
Bansal Wire IPO: Should you subscribe to the Rs 745 cr-issue?
Bansal Wire IPO: Bansal Wire's IPO offers 2.19 crore shares, closing on July 5. Analysts recommend high-risk investors consider the IPO at a P/E ratio of 41.41x. The company plans to use funds for debt repayment, with a price band of Rs 243-256 per share.
Emcure Pharmaceuticals IPO: 10 things to know before subscribing to the issue
Emcure Pharmaceuticals IPO is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 1,952 crore through the public offer. Market analysts indicate that the current GMP of the pharma company stands at Rs 260 in the unlisted market.
Vraj Iron and Steel IPO subscribed nearly 40 times so far on last day. Check GMP and other details
Analysts advised investors to subscribe to the Vraj Iron and Steel IPO as the company's well-established and strategically located manufacturing facilities, coupled with a focus on value-added products and ongoing expansion plans, position it for future growth. The company's shares are trading with a premium of Rs 90 in the unlisted market,
Allied Blenders IPO Subscribed 23.55 Times
Allied Blenders and Distillers, India's third-largest domestic IMFL company, concludes its 1,500-crore IPO with overwhelming demand, oversubscribed 23.55 times. The offering, featuring a price band of 267-281 apiece, saw robust interest across all investor categories, reflecting confidence in its diverse portfolio of whisky, brandy, rum, vodka, and gin.
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Allied Blenders and Distillers IPO subscribed 1.51 times on Day 2. Check subscription, GMP and other details
ABDL's IPO involves a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares by promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra. Funds raised will repay borrowings and fund corporate needs. The company's shares are trading with a GMP of Rs 87.
Vraj Iron and Steel IPO opens. Should you subscribe to this issue?
Considering the Vraj Iron and Steel IPO, investors can explore the opportunity to invest in a company with manufacturing plants in Chhattisgarh, focusing on Sponge Iron production and various steel products. The IPO presents a chance to be part of a well-established firm with growth prospects and strategic manufacturing facilities.
Stanley Lifestyles IPO subscribed 96.98 times
The qualified institutional buyer (QIB) portion was subscribed 222.1 times, the non-institutional investor (NII) portion 119.52 times while the retail investor portion was subscribed 19.21 times.
3 SME IPOs open for subscription today. Check details before subscribing
Divine Power Energy, Petro Carbon and Chemicals, and Akiko Global Services are offering their shares to investors, aiming to raise funds for various purposes. The IPO market is thriving with these new issues, providing opportunities for Qualified Institutional Buyers, Retail Investors, and Non-Institutional Investors to participate in the offerings.
DEE Development Engineers IPO gets subscribed 99.56 times
The portion for qualified institutional buyers received a whopping 201.91 times subscriptions while the category for non-institutional investors got subscribed 144 times. The part for retail individual investors (RIIs) received 23.42 times subscriptions.
Stanley Lifestyles IPO: 10 things to know before subscribing to the issue
The initial public offering (IPO) of Stanley Lifestyles will open for subscription on June 21. The issue closes on June 25. Through the public offer, the company plans to raise around Rs 537 crore. Here are 10 things to know about Stanley Lifestyles IPO before subscribing to the issue.
Akme Fintrade IPO Day 1: Issue fully subscribed on strong retail, NII demand
Akme Fintrade India's IPO was completely subscribed shortly after opening on Wednesday, fueled by enthusiastic participation from retail and NII investors. The offering concludes on June 21st.
Akme Fintrade IPO: 10 things to know before subscribing to the issue
Akme Fintrade's IPO opens on June 19, aiming to raise Rs 132 crore. It offers rural and semi-urban lending solutions, including vehicle and business finance products.
DEE Development Engineers IPO to open tomorrow. 10 things to know before subscribing
DEE Development Engineers IPO to open on June 19, aiming to raise Rs 418 crore with a price band of Rs 193-203 per share. The company targets working capital, debt repayment, and corporate purposes, managed by SBI Capital Markets and Equirus Capital, listing expected on June 26.
United Cotfab IPO fully subscribed within hours of opening. Check GMP and other details
United Cotfab IPO: The category reserved for retail investors was booked over 2 times, followed by other investors at just 30%. About 50% of the offer is reserved for retail investors and the rest 50% for other investors.
Ixigo IPO subscribed 17 times, GMP soars on Day 3
Le Travenues Technology's IPO, home to the travel platform Ixigo, saw a robust subscription of 17.42 times on its final day, buoyed by strong demand from retail and non-institutional investors. In the unlisted market, Ixigo's shares are trading at a premium of Rs 36, surpassing the previous day's GMP of Rs 25, reflecting a 37% premium over the issue price.
Ixigo parent’s IPO subscribed 98.1x
Le Travenues Technology's IPO, backing online travel giant Ixigo, garnered massive interest, oversubscribed by 98.1 times, with retail, institutional, and high-net-worth investors showing overwhelming demand, signaling robust market enthusiasm.
Ixigo IPO fully subscribed on strong retail demand. Check GMP and other details
Ixigo IPO GMP: Ixigo IPO comprises a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will offload part of their stakes.
Ixigo IPO opens on Monday. 10 things to know before subscribing to the issue
Ixigo helps Indian travellers to plan, book and manage their trips be it rail, air, buses and hotels. The IPO comprises fresh equity sale of Rs 120 crore and offer for sale of up to 6.66 crore shares. Its price band has been fixed at Rs 88-93 per share.
Magenta Lifecare IPO booked over 60x on Day 2; Sattrix Information's issue subscribed 2x
The initial public offering (IPO) of Magenta Lifecare has garnered subscription over 60 times as of Thursday, the second day of the bidding process. The subscription period for this IPO ends on June 7. In contrast, the IPO of Sattrix Information, which opened on the previous day, has received subdued subscription, standing at just over 2 times as of the second day of the bidding process.
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.
Beacon Trusteeship IPO booked 65 times on Day 2; Z-tech India's issue subscribed 8x
Beacon Trusteeship's IPO garners strong investor interest, garnering 66 times bids on the second day of bidding. The company plans to raise funds for technology infrastructure, subsidiary investment, and other corporate purposes.
Awfis Space Solutions IPO: Issue subscribed over 32X so far on last day, NII portion booked 76X
Awfis Space Solutions IPO includes a fresh share sale of Rs 128 crore and an OFS of up to 1.22 crore shares. Promoter Peak XV Partners V and other shareholders Bisque Ltd and Link Investment Trust are participating in the OFS. The company's shares are trading with a premium of Rs 110-118 in the grey market.
Go Digit Insurance lists at 5.15% premium over issue price
Shares touched a high of ₹314 during the day, before closing at ₹305.65. The company's market capitalization on Tuesday was ₹28,034.29 crore at close. The ₹2,614-crore IPO been subscribed over 9 times on its final day of bidding.
Awfis Space Solutions IPO opens this week. 10 things to know before subscribing to the issue
The IPO of Awfis Space Solutions is set to open for subscription on May 22 and will close on May 27. The company aims to raise approximately Rs 599 crore through this public offer. Awfis has set a price band of Rs 364-383 per share, and investors can bid for 39 shares in one lot and in multiples thereafter.
Go Digit retail portion subscribed 1.4 times
The portion for non-institutional investors was subscribed 0.3 times. Overall, on day 1, the insurtech company's issue was subscribed 0.36 times. Fairfax-backed Go Digit General Insurance, which runs Digit Insurance, had already raised ₹1,176.5 crore from anchor investors a day ahead of its IPO.
Go Digit Insurance Rs 2,615 crore IPO retail portion fully subscribed
The IPO, priced between Rs 258 to Rs 272 per share, will close on Friday. The company had reserved 9.6 million shares for retail investors.
ABS Marine Services IPO: All you need to know before subscribing to the issue
ABS Marine Services IPO: The company is targeting to raise approximately Rs 96.5 crore through the SME IPO and plans to list the shares on the NSE SME platform. Here are 10 important details investors should understand before deciding to subscribe to the public offer.
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