India’s oldest private sector bank, Tamilnad Mercantile Bank, has filed a draft red herring prospectus with SEBI to go public. The financial institution has a history of 100 years, and it was formed by the Nadar community in the state of Tamil Nadu. As per the DRHP, the bank is planning to issue 1.58 crore …
Through an initial public offering that begins on Wednesday, AGS Transact Technologies would be the leading domestic firm to gain a listing on the share markets this year. The IPO comes after a month of stagnation in the main market. Dates of Initial Public Offerings The subscription period for the public issue begins on January …
2021 was a year that will go down in stock market history for the sheer volume of IPOs floated and the amount of money raised through them. According to a Global IPO Trends Report from Ernst and Young, around 2388 IPOs took place in 2021, which is 60% more in proceeds and volume when compared …
IPO investment can also result in gains and losses like investing in equities. In the IPO market, private companies sell their equities directly to the public in a process to get listed on the stock exchanges. IPOs are an instrument for companies to raise funding from the market. It allows investors to explore early investment …
Recent time has seen a steep rise in retail participation in IPO. India’s IPO frenzy lasted till the first quarter of 2022. This article is for you if you have applied for IPOs during this period and didn’t receive IPO shares. While investors apply for an initial public offer, it doesn’t promise an IPO allotment. …
With India Exposition Mart Limited filing for the preliminary prospectus, we should soon be seeing another initial public offering of 2022. India Exposition Mart is a key venue provider and planner in India offering high-class amenities, tech-focus facilities, and safe infrastructure to host events. As per the draft prospectus submitted by the company with the …
Hexagon Nutrition Ltd. has obtained SEBI’s nod on Friday, 4 March 2022. This company filed its Draft Red Herring Prospectus back in December 2021. According to the DRHP, this company plans to gather funds up to Rs. 600 crores via an initial public offering (IPO). Read along to find out more on this matter! A …
The IPO of Campus Activewear, the biggest sports and athleisure footwear brand in India, was subscribed 51.75 times on the third day of its offering, 28 April 2022. This includes a total of 1,74,02,02,110 bids against an offering of 3,36,25,000 shares the company made to its investors, as per the official website of NSE. The …
Amidst the Ukraine-Russia conflict, the Brent crude oil’s price has reached $100 per barrel. On 1 February 2011, crude oil prices stood at $100 for the last time, following a 10-15% jump in diesel and petrol prices over a few months. However, this year, the benchmark price of Brent crude oil has already risen 20%, …
According to the official website of the Securities and Exchange Board of India (SEBI), the market regulator has issued observation letters to three companies on 16 February 2022 and 17 February 2022. Read along to know about those companies and their public offerings! A Closer Look into the Filing and Approval Process Market regulator SEBI …
