TATA TECH IPO
Hyundai IPO: A chaebol looks at India to break out of a Korean trap
Just as Indian stock markets are trading near record highs, Hyundai expects the listing of the equity shares in India "will enhance our visibility and brand image", and "provide liquidity and a public market" for the shares.
Ixigo opens at 48% premium over issue price, hits upper circuit: Key things to know
Ixigo stock hit upper circuit on the day of its debut at 11.41 am. The IPO of Le Travenues Technologies, which operates the travel platform Ixigo, closed on June 12 and was oversubscribed 98 times on its last day. The share debuted at Rs 138.1 against an issue price of Rs 93 on NSE, up Rs 45.1 or 48.5% and Rs 135 on BSE, a premium of 45.16%.
Ixigo IPO opens for subscription. Should you bid?
Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.
Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?
Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.
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.
Ixigo raises Rs 333 crore from anchor investors ahead of IPO
Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore are some of the marquee investors who subscribed to Ixigo's anchor book. The company had already announced pre-IPO secondary placements of around Rs 176.2 crore at the top end of price band.
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Bluestone's unicorn round; Sorin’s Rs 1,350-crore fund
Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Tata... Hello! Group back on D-Street, plans to launch several IPOs in 2-3 years
Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing and Tata Batteries are among the list of companies being primed to tap the capital markets. The group has been aggressively looking to scale up in new-age sectors such as digital, retail, semiconductors and electric vehicle batteries, among others.
Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
Rs 1.5 lakh crore bid! Retail investors bet on IPOs like never before in 2023
In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database.
India's share-sale frenzy is seen continuing in 2024: Bankers
India offers “a much more constructive story for capital markets than the rest of Asia. It is as wide open as we have seen it for a while,” said Udhay Furtado, co-head of ECM, Asia Pacific at Citigroup Inc. “Bigger names could be potential candidates for 2024 listings.”
Tata Tech among 6 IPOs where mutual funds invested in November
Aditya Birla Sun Life MF, Axis MF, DSP MF, Franklin Templeton MF, ICICI Prudential MF, Kotak MF, Nippon India MF, Motilal Oswal MF, Mirae, Sundaram, JM and SBIMF shopped for Tata Tech, a Nuvama report said. They added shares worth Rs 1,120 crore.
Tata Tech's the new superhero on Dalal Street
The sole disappointment in this spectacular season for new listings was Fedbank Financial Services (Fedfina), which remained flat on its first day of trading.
Tata Technologies listing: What does GMP signal ahead of debut on Thursday?
Tata Tech IPO: Based on the current GMP trends and the likely demand for the shares even post-listing, it won't be a surprise if the Tata Tech stock doubles over the IPO price on the first day itself
Tata Tech IPO breaks LIC record by getting 73.58 lakh applications
Tata Tech IPO was oversubscribed 69.43 times as investors poured in Rs 1.57 lakh crore by making 73.58 lakh applications. The issue closed for subscription on Friday. In terms of the number of applications, Tata Tech has broken LIC's record of 73.38 lakh applications in May 2022. Reliance Power is at the third place as it had got 48 lakh IPO applications in January 2008.
Tata Tech IPO subscribed nearly 70 times at close; QIB part booked over 200 times
The IPO of Tata Technologies is generating a strong response from investors. Moving away from the initial noise, much of the optimism around the company is due to cheap valuations when compared with listed peers such as KPIT, L&T Tech and Tata Elxsi.
Tata Tech IPO subscribed nearly 15 times on day 2, retail portion over 11 times
The Tata Group company, which has launched its first IPO in the last two decades, plans to raise Rs 3,042 crore through the public issue.
Tata Technologies IPO: Stock fetching nearly 80% premium in unlisted market. Can it double on listing day?
Tata Tech IPO, which closes on November 24, is the first from Tata Group since TCS, which is also one of the reasons why the issue is generating considerable buzz. Analysts are overwhelmingly positive on the issue and, in fact, prefer the IPO over four other issues currently open.
Tata Tech IPO selling like hot cakes, subscribed 6.54 times on Day 1
At 10:42 am, the Rs 3,042-crore Tata Tech IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%.
Tata Technologies IPO opens for subscription. Should you apply?
Tata Tech IPO: Analysts advise investors to subscribe to the issue over fair pricing, strong brand presence and strong financials. "Considering the growth opportunities and strong fundamentals of Tata Tech, we recommend a Subscribe rating for this IPO," said Ventura.
Tata Tech IPO: Tata Motors to take home Rs 2,300 crore against Rs 34 crore investment
Following the Tata Tech IPO, Tata Motors' stake in Tata Tech will go down from 64.79% to 53.39%. At the upper price band, the manufacturing-focused engineering research and development company catering to the automotive industry has been valued at Rs 20,283 crore at a PE of 32.5x.
Tata Tech IPO opens for subscription under pre-apply mode. Check GMP, other details
Tata Technologies is a leading global engineering services company offering product development and digital solutions to global original equipment manufacturers (OEMs). The company services include concept design, tear-down and benchmarking, vehicle architecture, body and chassis engineering, electrical and electronics systems, and diagnostics. It has a workforce of over 11,000 employees spread across 18 global delivery centres.
Tata Tech IPO: GMP soars 70% for first Tata Group issue in 20 years
The issue opens for public subscription on November 22 and will close on November 24. This will be the first IPO by any Tata Group company in the last 20 years
Tata Tech IPO: Price band, other details announced
The issue size has been reduced from an earlier 9.57 crore shares to 6.08 crore equity shares now. The company had filed its IPO papers with Sebi in March this year and received approval from the regulator in June. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.
Tata Technologies IPO GMP shoots up amid buzz around issue launch next week
Amid the buzz of issue launch, the company's shares in the unlisted are in heavy demand and the GMP shot up by about Rs 40 from a few days ago to Rs 275. The company filed its IPO papers with Sebi in March this year and received approval from the regulator.
Tata Technologies IPO: 10 things to know ahead of issue opening on November 22
Tata Technologies has reserved a 10% quota for Tata Motors' eligible shareholders. Under the OFS, parent Tata Motors will sell 4.62 crore shares, Alpha TC Holdings will offload 97.1 lakh shares and Tata Capital Growth Fund will give up 48 lakh shares.
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