Today, on the second day of the bidding process, Emcure Pharmaceuticals Limited IPO was subscribed 4.98 times. The retail portion was subscribed to 3.50x, 0.97x in Qualified Institutional Buyers (QIB), 13.95x in Non-Institutional Investors (NII), and 4.84x in the employees category. On the first day, the IPO saw an overall subscription of 1.34 times. The …
Sanstar Limited, a company founded in 1982, specializes in the manufacture of speciality plant-based products and ingredient solutions for food, pet food, and various industrial applications in India. The company’s diverse product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, …
South Korean automaker Hyundai Motor is looking to solidify its position in India’s booming car market, filing for a record-breaking initial public offering (IPO) of Rs 25,000 crore (approximately USD 3.5 billion). This comes amidst impressive sales figures for the first half of 2024, marking their highest ever at 272,207 units, a 2% increase year-on-year. …
Vraj Iron and Steel Limited specializes in the production of Sponge Iron, M.S. Billets, and TMT bars marketed under the Vraj brand, debuted on the Indian stock market today. The stock of Vraj Iron and Steel Limited settled at Rs 240 per share on the BSE, representing an impressive 15.94% premium over the final issue …
Renewable energy company Acme Solar Holdings Limited has submitted the draft red herring prospectus (DRHP) to the market regulator SEBI to float an initial public offering (IPO) worth ₹3,000 crore. Acme Solar’s IPO comprises a fresh issue and an offer for sale. The company seeks to raise ₹2,000 crore from the fresh issue portion and …
The Bansal Wire IPO closed on July 05, 2024, after an increased subscription from investors. The allotment for the Bansal Wire IPO is expected to be finalised on July 8, 2024. The Bansal Wire IPO will be listed on BSE and NSE, with a tentative listing date of July 10, 2024. Bansal Wire appointed SBI …
Niva Bupa Health Insurance Company specializes in working in the health industry and providing health insurance to end users. More than 14.73 million active insured people will live until March 31, 2024, making it the 2nd largest insurance company after Star Health Insurance, which is going to be listed on the Indian stock market. Niva …
The Indian IPO market is experiencing activity following the conclusion of the Lok Sabha elections, with expectations of heightened activity in the primary market. Over the next few months, the market is poised to grow, with 55 companies planning to raise more than ₹68,000 crore. There has already been notable activity in the IPO sector …
Hyundai Motor India Ltd, the Indian subsidiary of the South Korean automaker Hyundai, has submitted preliminary documents to the Securities and Exchange Board of India (SEBI) to initiate an initial public offering (IPO). If successful, Hyundai IPO will be the largest in India’s history, surpassing the significant Rs 21,000 crore share sale by LIC. Hyundai …
Hyundai Motor India Limited is a wholly-owned subsidiary of the Hyundai Motor Company, headquartered in South Korea. This division was established in November 2006 and is headquartered in Telangana, Hyderabad. It is the third-largest car manufacturer in India and recently it became the second-largest passenger vehicle in the country with a 14.9% YoY FY24 market …
