Swiggy IPO: GMP at 5% in unlisted market 3 days ahead of issue opening
The grey market premium (GMP) of Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted…
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5 out of 6 mega IPOs have destroyed wealth. Whatβs in store for Hyundai IPO investors?
Beating LIC’s mammoth IPO worth Rs 20,557 crore in May 2022, Korean car manufacturer Hyundai Motor India’s IPO of Rs 27,856 crore will rewrite record books as India’s largest public issue ever. But large sizes and returns don’t go hand in hand most of the time. Out of the 6 mega IPOs worth at least…
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How Hyundai India IPO could keep listed rivals like Maruti on edge
The much-anticipated market debut of Hyundai Motor India is set to raise the stakes in the Indian auto industry, with competition expected to heat up, particularly in the passenger vehicle segment. The IPO is likely to push other listed auto players to innovate and elevate their product offerings. Maruti Suzuki, currently the market leader with…
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Avi Ansh Textile IPO listing today: GMP hints at marginal gains
The shares of Avi Ansh Textile will debut on the NSE SME platform on Friday. Ahead of the listing, the company’s shares are trading with a marginal GMP of Rs 2 in the grey market. This indicates a likely listing premium of 3% over the issue price, which was fixed at Rs 62 at the…
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Phoenix Overseas IPO listing today: Here’s what to expect
The shares of Phoenix Overseas will debut on the NSE SME platform on Friday. Ahead of the listing, the company’s shares are trading with a GMP of Rs 15 in the grey market. This indicates a likely listing premium of 23%, compared with an issue price of Rs 64 at the upper end. However, it…
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Gala Precision Engineering IPO ends with 200 times subscription. Check GMP, other details
The initial public offering (IPO) of Gala Precision Engineering ended on Wednesday after strong investor response helped it get subscribed by a whopping 201 times or 20,100%. The issue received consolidated share bids of over 44.79 crore over a three-day bidding period against the issue size 22,23,830 equity shares. The IPO opened for subscription on…
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SME IPO shocker: Two-showroom bike dealer got 400x subscription but lists flat
Shares of Resourceful Automobile, which buys and sells automobiles, listed flat on the BSE SME platform at Rs 117. The Rs 12 crore SME IPO made headlines for its strong subscription, despite the company currently operating just two Yamaha showrooms. However, ahead of the listing, the company’s shares traded at a GMP (Grey Market Premium)…
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firstcry ipo: FirstCry IPO: Retail portion fully subscribed on day 2. Check GMP, other details
Retail portion of the initial public offering (IPO) of Brainbees Solutions was fully subscribed at 106% on the second day of the issue. The parent company of FirstCry received over 95.44 lakh consolidated share bids against 90,12,317 shares available for subscription in the category. Meanwhile, the response to the overall issue remained lackluster at 30%….
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Madhabi Puri Buch: File IPO papers with fill-in-the-blanks template, AI will process: Sebi chief
To minimize IPO application delays and clearing time, Sebi chief Madhabi Puri Buch on Friday said the markets regulator is working to start a template-based fill-in-the-blanks kind of application form which will be processed with the help of artificial intelligence (AI). βWe have already implemented artificial intelligence (AI) within Sebi for processing of public documents….
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akums drugs and pharmaceuticals ipo: Akums Drugs and Pharmaceuticals Rs 1,857 crore IPO opens Tuesday. Check price band, other details
The Rs 1,857 crore initial public offer (IPO) of Delhi-based Akums Drugs and Pharmaceuticals announced that its Rs 1,857 crore IPO, which will open on July 30 and close on August 1, will have a price band of Rs 646-679. The IPO consists of a fresh issue of shares worth Rs 680 crore and an…
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