X SUBSCRIBERS
All 4 IPOs launched today subscribed fully. Check GMP and other details
All four SME IPOs—Three M Paper Boards, Prizor Viztech, Sati Poly Plast, and Aelea Commodities—close on July 16. Sati Poly Plast's Rs 17.36 crore IPO saw over 10x subscription at Rs 123-130 apiece, with a 39% listing gain. Prizor Viztech's Rs 25 crore IPO had 6.3x subscription. Three M Paper Boards hit 3.93x; Aelea Commodities, 2.49x.
Investors pile on bids for Sahaj Solar IPO as issue gets 64x subscription on Day 2; GMP soars to 115%
Sahaj Solar's IPO saw 13.47 crore bids for 29.2 lakh fresh shares, being subscribed 64 times. Priced at Rs 171-180 with a GMP of Rs 208, it raised Rs 52.56 crore. Funds are for working capital and corporate purposes. Managed by Kunvarji Finstock and Kfin Technologies, the company has decades' experience in solar solutions across three businesses.
Ganesh Green Bharat IPO booked over 35x on Day 2; Effwa Infra’s issue subscribed nearly 38x
The SME IPO of Ganesh Green Bharat was booked over 35 times so far on the second day of the bidding process. The issue, which closes tomorrow, received bids for 15 crore shares as against 45 lakh shares on offer.
Are we ‘like’ done here? X’s move to hide likes is the latest sign of their declining power as social media currency
Anushka Kulkarni expresses disappointment over X's decision to hide the "Likes" tab, which she and others used to subtly vet potential romantic interests. She laments the loss of authenticity and charm in likes, questioning whether likes are now being used as private bookmarks or manipulated by bots. The trend of hiding likes has been seen across social media platforms like Instagram and YouTube, prompting varied reactions among users and raising concerns about privacy and social dynamics online.
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.
Threads turns one with 175 million users. What’s driving the growth?
Meta’s Threads, launched July 5, 2023, by Mark Zuckerberg, hits 175 million monthly users, challenging Elon Musk’s X. Despite X's growth, Threads steadily climbs. It tested the ActivityPub protocol, launched an API, started a fact-checking program, posts appear on Mastodon. Instagram promotion boosts users amid political content policy criticism.
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Threads hits 175 million users on first anniversary
Threads, Meta's alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk's purchase in 2022.
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.
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.
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.
Magenta Lifecare IPO booked over 900x on Day 3; Sattrix Information's issue subscribed 12x
IPO for Magenta Lifecare, which makes foam-based mattresses and pillows under the 'Magenta' brand, has been subscribed over 300 times so far on the third day.
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.
After 6 years we have finally avenged Pewdiepie, says MrBeast after crossing T-Series in terms of subscribers
Adding to the ongoing dispute, Jimmy Donaldson, who had become the most subscribed YouTuber, stirred controversy by publicly criticizing the music company T-Series on his social media platforms. On May 16, MrBeast, also recognized as Jimmy Donaldson, took to X (formerly Twitter) to issue a challenge to Bhushan Kumar, the managing director and chairman of T-Series, proposing a boxing match.
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.
Nomura upgrades Vodafone Idea, doubles target price. Should you buy?
Vodafone Idea Target Price: Nomura has upgraded its rating on Vodafone Idea, expressing optimism that the worst is behind the company and it is now poised for better prospects. The stock has been upgraded from "reduce" to "neutral". Vodafone Idea's Q4 revenue stood at Rs 10,600 crore, which was in line with estimates.
MrBeast challenges T-Series CEO Bhushan Kumar to boxing match amid subscriber war
Popular YouTuber MrBeast, whose subscriber count is closing in on T-Series, has publicly challenged T-Series' CEO to a boxing match. This unexpected move has sparked widespread interest and debates among fans, adding a physical dimension to their digital rivalry.
HOAC Foods IPO booked 17x so far on Day 1; Rulka Electricals' issue subscribed nearly 2x
The initial public offer (IPO) of HOAC Foods is getting a bumper response from investors with an overall subscription of 17 times just within a few hours of opening on Thursday. The issue closes on May 21.
Jamnagar-based Winsol Engineering's IPO booked 140x so far on Day 3; Refractory Shapes' issue subscribed 24x
Winsol Engineering IPO: The initial public offer (IPO) of Jamnagar-based Winsol Engineering has been receiving a bumper response from investors with an overall subscription of 140 times on Wednesday, the third day of the bidding process. The issue closes on May 9.
Vodafone Idea shares jump over 6% a day after FPO subscribed 6.5x
In an exchange filing on Monday, Vodafone Idea stated: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024, has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer."
Vodafone Idea FPO subscribed 6.5x at close as investors make last minute calls
Ahead of the offer opening, Vi raised over Rs 5,000 crore from nearly 60 anchor investors, making it the third-largest anchor book after One 97 Communications and Life Insurance Corporation.
Ramdevbaba Solvent IPO booked 6.47x on Day 2; Grill Splendour's issue fully subscribed
In the unlisted market, Ramdevbaba Solvent shares are trading with a GMP of Rs 20. This compares with an offer price of Rs 80 apiece. On the other hand, Grill Splendour's shares are currently commanding a GMP of Rs 8 in the unlisted market as against an offer price of Rs 120 per share.
Bharti Hexacom IPO retail segment subscribed 2.9x
The company's only public shareholder, Telecommunications Consultants India divested 15% stake in the company.
TAC Infosec IPO subscribed nearly 400x, Radiowalla Network's issue booked 282x at close. Check GMP and other details
The SME IPOs of TAC Infosec and Radiowalla Network, backed by marquee investors Ashish Kacholia and Vijay Kedia, received massive responses from investors on Tuesday, the final day of the bidding process. Both the issues closed today.
TAC Infosec IPO booked 48x so far on Day 3; Radiowalla Network's issue subscribed 28x
TAC Infosec and Radiowalla Network, supported by Ashish Kacholia and Vijay Kedia, witness strong investor interest in their IPOs. TAC Infosec focuses on cybersecurity solutions, while Radiowalla Network specializes in B2B customer engagement services.
Elon Musk's xAI to enable chatbot Grok for all premium subscribers of X
As more advertisers move away from the microblogging platform, Musk has stressed reducing the company's reliance on advertising and has turned his focus to more attractive subscription plans.
KP Green Engineering IPO subscribed 10x so far on final day; Enfuse Solutions issue booked 63x
The IPO is entirely a fresh equity issue of 1.31 crore shares and through the issue, the company aims to raise Rs 189 crore.
AVP Infracon IPO subscribed 8x so far on final day; Enfuse Solutions issue booked 3x on Day 1
The SME IPO of AVP Infracom was booked nearly 8 times so far on Friday, the final day of the bidding process. The issue received bids for 4.05 crore shares as against 51 lakh shares on offer.
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