India has emerged as a global leader in Initial Public Offerings (IPOs) in 2024, with a record-breaking 178 companies debuting on the stock market. This surge has propelled India to the top position in terms of mainboard-listed companies, surpassing other countries with over 5,450 listings. Strong Listing Gains Continue The trend of robust IPO performance, …
Swiggy, the food tech giant, filed its first updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) yesterday, on September 26, 2024. The public offering includes a fresh issue of Rs.3,750 crore and an offer for sale (OFS) of 18.53 crore shares. Major investors, including Accel, Alpha Wave Ventures, …
Property Share Investment Trust, a small and medium real estate investment trust has recently filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to float a ₹353 crore initial public offering (IPO). Property Share Investment Trust IPO will be a fresh issue of Platina units, with no …
Paramount Dye Tec IPO is an SME IPO, which opened for subscription on September 30, 2024 and closes on October 3, 2024. Paramount Dye Tec IPO is a book-built issue of ₹28.43 crores. The issue is entirely a fresh issue of 24.3 lakh shares. Paramount Dye Tec Limited has set the IPO price band at …
Glottis, which has its headquarters in Tamil Nadu, offers logistics services to a range of industries with an emphasis on renewable energy and energy infrastructure projects. Glottis has eight branch offices throughout India. Remarkably, the renewable energy industry accounts for more than 42% of the company’s overall revenue, with the remaining revenue coming from a …
Food delivery giant Swiggy has taken a significant step towards its initial public offering (Swiggy IPO). The company has received approval from the Securities and Exchange Board of India (SEBI) for its confidential filing of draft share sale documents. This green light allows Swiggy to proceed with its IPO plans. SEBI’s approval follows the confidential …
Diffusion Engineers Limited was established in 1982 and is a manufacturer of heavy machinery, wear plates and parts, and welding consumables for core industries. Units I, II, and III of Diffusion Engineers Limited, located in the Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV, situated in Khapri (Uma), Nagpur, Maharashtra, are responsible for the …
IPO Debut for Diffusion Engineers Amid Market Downtrend Shares of Diffusion Engineers Ltd. made their market debut with an impressive double-digit premium on Friday, October 4, despite ongoing challenges in the broader market. On the National Stock Exchange (NSE), the stock opened at Rs 193.50, marking a 15.18% increase from its initial public offering (IPO) …
Since its founding in 2005, Shiv Texchem Limited has been importing and distributing secondary and tertiary chemicals based on hydrocarbons, which are crucial raw materials for a wide range of industries. The business distributes these chemicals to the domestic industry after purchasing them from foreign producers and suppliers. The company’s customer base increased from over …
The Uttar Pradesh-based business, which specializes in engineering, procurement, and construction (EPC) services for solar-powered projects, has until the Red Herring Prospectus is filed with the Registrar of Companies to raise an additional Rs 110 crore through a preferential issue or another means. The amount mentioned above will be subtracted from the new issue if …
