The Street is bullish about the long-term growth trajectory, but analysts believe the stock is factoring in the near-term upsides. Investors could look at it on dips
On average, listing-day gains stood at 34%, the highest in over five years
The stock surge since listing (up 225 per cent) has taken valuations to nearly 40 times its FY23 earnings estimates. Investors can look at the stock on dips
The expansion is expected to support growth with revenues and profits estimated to rise by 20-25 per cent over the FY20-23 period
Though the growth trajectory remains strong, valuation at 51 times its FY22 earnings estimates is already factoring in most of the growth, say analysts at Edelweiss
At Rs 61.95 a share, the stock has more than doubled from listing day as the Street is acknowledging its diversified book
More companies will prefer a domestic listing as it will bring more visibility, says Atul Mehra
Mumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) last month
Within minutes of the market opening on Wednesday, it lost 2.28 billion pounds of its value, which equity capital markets bankers said could undermine the market for some IPOs in Britain and Europe
There have only been 10 SPAC listings in Europe in 2020 and 2021, with a total value of about $1.3 billion
While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on the tier-2 and tier-3 markets, with mid-size showrooms
Investors have been tripping over one another to fund a host of Indian startups. Will the stock markets show the same enthusiasm when some of them launch IPOs this year?
The calendar year 2021 has been a busy one for the primary markets with 17 mainboard issues already having hit the Street
The US securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, sources said
Half a dozen companies are to make their trading debut this month, but the market is already lukewarm
Minimum Bid Lot is 3000 Equity Shares and in multiples of 3000 Equity Shares thereafter
As per grey market watchers, the premium for Anupam Rasayan, whose shares are set to debut on the bourses tomorrow, has slipped by over 75 per cent
VC investors Ravi Adusumalli and Shashin Shah will lead the SPAC
The Gurgaon-based company intends to hold a pre-IPO funding round that could give the startup a valuation of about $700 million
Casual dining chain Barbeque Nation Hospitality on Monday fixed a price band of Rs 498-500 per share for its initial share sale, which will open for public subscription on March 24