Inflows through the SIP route have been strong this financial year, even as lump-sum investments have slid
The initial share-sale of footwear retailer Metro Brands Ltd, which is backed by Rakesh Jhunjhunwala, will open for public subscription on December 10.
At present, the Mumbai-based company has presence in six countries such as Singapore, the Philippines, the UAE, Indonesia, the US and Kenya
The retail portion of the IPO has already been subscribed nearly 5 times
The firm has reduced its offer for sale size to Rs 350 crore from Rs 550 crore earlier
The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent
Anand Rathi Wealth IPO subscribed 1.5 times on opening day
The Midcap and Smallcap indices also surged over a per cent each, and advancing shares outnumbered declining stocks in 2:1 ratio the BSE on Thursday
Diversified group Raymond Ltd on Wednesday said its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), a company that is in the business of auto parts. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore, said the country's leading fabric and apparel manufacturer Raymond in a statement. Moreover, the IPO will not have any fresh issuance of shares and will be undertaken subject to requisite regulatory approvals and market conditions, it added. "We hereby inform that the board of directors of JKFEL, a wholly-owned material subsidiary of Raymond Ltd at its meeting held on November 30, 2021, approved an IPO comprising of an OFS for Rs 800 crore, subject to such variation as permitted under applicable law," it said. It further said that in this regard, the company's board of directors, at its meeting held on Wednesday, approved the OFS for Rs 800 crore, subject to such variation as permitted under applicable law
The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, was fully subscribed within the one hour of opening for subscription on Wednesday.
The IPO will be open for subscription from November 30 to December 02, in the price band of Rs 870 to Rs 900
Others include VLCC Health Care and Metro Brands
'Adequate time has already been given for separation of the CMD post. We urge them (companies) to comply before the deadline', said Tyagi
The highest fresh capital this year was raised by food delivery firm Zomato (Rs 9,000 cr), followed by Paytm parent One 97 Communications (Rs 8,300 cr), and PB Fintech (Rs 3,750 cr)
After an initial disappointing performance post listing, the shares of One97 Communications-owned Paytm have pared some of its losses.
VLCC Health Care Ltd has received capital markets regulator Sebi's go ahead to float the initial public offering, market sources said on Friday.
The initial share-sale of Tega Industries, manufacturer of consumables for the mining industry, will open for public subscription on December 1.
'Don't get blinded by near term big numbers but think of the decades ahead', said Bob van Dijk
Shares of Paytm's parent company One97 Communications continued to rally for the second consecutive day on Wednesday and further jumped over 17%
The shares are now down 31 per cent over its initial public offering (IPO) price of Rs 2,150