LG walking Hyundai path, hires another banker for $1.5 billion IPO
LG Electronics Inc. has added Axis Capital Ltd. to a roster of banks arranging a potential initial public offering of its Indian unit, according to people familiar with the matter. The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to…
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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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Primary markets can become as efficient as secondary markets
Our regulators, effectively leveraging technology, are constantly moving towards higher efficiency and improved processes in our secondary trading markets. Now, we have reached a level of T+0 settlement and are also envisioning instantaneous settlement. There has been marked improvement in the efficiency of our primary markets as well. SEBI’s efforts to explore Artificial Intelligence (AI)…
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Deepak Builders shares list at 1.5% discount over IPO price
Deepak Builders and Engineers shares debut on the exchanges on Monday, listing at Rs 200 on the NSE, a 1.5% discount over its issue price of Rs 203. Considering the upper price band of Rs 203, the stock is expected to list at a healthy premium of 16% over the issue price. However, it is…
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Premium Plast shares to debut on NSE SME platform today. GMP hints at healthy gains
The shares of Premium Plast will debut on the NSE SME platform on Monday. Ahead of the listing, the company’s shares are trading with a GMP of Rs 9. Considering the upper price band of Rs 49, the stock is expected to list at a premium of 19% over the issue price. The IPO was…
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Barrage of stock supply is latest test for Dalal Street
A surge in share supply from initial public offerings and sales to institutions is adding pressure on Indian equities, which are already grappling with weak earnings and selling by overseas investors. Hyundai Motor India Ltd. raised $3.3 billion in the nation’s largest IPO on Thursday, and further listings worth $6 billion have been approved by…
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5 out of 6 mega IPOs have destroyed wealth. What’s 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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