Muthoot Microfin Limited, a subsidiary of the Muthoot Pappachan Group, engaged in providing micro-loans targeted rural areas across India, marks its debut on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 278 per share, representing a 4.5% discount compared to the final issue price of Rs 291 …
Motisons Jewellers Limited, engaged in selling gold, diamond, and Kundan jewellery, among other jewellery products, marks its debut on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 103.90 per share, reflecting an impressive 88.91% premium compared to the final issue price of Rs 55 per share. Meanwhile, …
IPO Recap The year is 1993. India’s nascent IT scene is bubbling with possibilities, but access to global markets remains a hurdle. Amidst this backdrop, a young company called Infosys takes a gamble on its future – an Initial Public Offering (IPO). The initial reception was, well, underwhelming. The public subscription barely scraped by, falling …
Companies need capital to keep their business running, growing, and expanding. They have the option to raise funds from promoters, stakeholders, or banks. But after a certain point, most companies prefer to go public, meaning they raise funds by selling their equity shares to public investors. The activity of issuing company equities to public investors …
DOMS Industries, a stationery and art product company primarily involved in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand “DOMS,” made its debut on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 1400 per share, reflecting an impressive 77.22% premium …
India Shelter Finance Corporation Limited, previously known as Satyaprakash Housing Finance India Limited, specializes in housing finance and debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 612.70 per share, reflecting an impressive 24.28% premium compared to the final issue price of Rs 493 per share. …
Inox India Limited manufactures and supplies cryogenic equipment, which debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 933.15 per share, reflecting an impressive 41.39% premium compared to the final issue price of Rs 80 per share. Meanwhile, on the NSE, the stock debuted at Rs …
Droom, the popular online marketplace for automobiles, acquired $200 million in its first pre-initial public offer fundraising round. Resultantly, this company is valued at $1.2 billion, making it a new entrant at the unicorn club. Per the latest reports, Droom plans to go public in 2022. We can expect this company to get listed either …
Online travel agent, EaseMyTrip promoters are looking to offload 25 of their stakes through IPO sale. The offer will open as the 10th IPO offer of 2021. According to people aware of the issue, EaseMyTrip is planning to close the IPO listing process by the end of March. Failing to do so would mean reinitiating the …
In a previous blog, we have written that commercial and office space leasing company, Mindspace is all set to make a stock market debut with an IPO size of Rs 4,5000 crore. Finally, on August 7, Mindspace stocks opened in BSE at a premium price of Rs 304, which is 10.55 percent higher than initial …
