Page 4 - Listing

Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC

Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility

India Pesticides likely to list at 15-19% premium, hints grey market trends

Analysts say the company's strong fundamentals, reasonable valuations and sectoral position are among factors that are likely to help the company debut on a positive note

Dodla Dairy makes strong debut, lists at 28% premium over issue price

The stock listed at Rs 550, a 28 per cent premium over the issue price of Rs 428 per share on the NSE

Shyam Metalics, Sona Comstar: What grey mkt is signalling ahead of listing

Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat

Bombay Stock Exchange signs pact with ESC to encourage listing of startups

BSE said it has joined hands with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about the benefits of listing among small businesses and startups.

WeWork reports quarterly loss of nearly $2.1 bn ahead of public listing

WeWork in March agreed to go public through a merger with BowX Acquisition Corp, a special purpose acquisition company, in a deal that valued it at $9 billion

Oyo's efforts to raise $600 million via debt to help its listing plan

The company said $600 million in a TLB structure will service its existing loans, which are on higher interest rates.

Heranba Industries falls below issue price, hits lowest level since listing

Shares of Heranba Industries had made a strong debut on the bourses with the stock listing at a 43.5 per cent premium over its issue price

India's changing corporate landscape

We are in the early stages of an extraordinary episode of rapid scaling up of new companies

Easy Trip co-founder upbeat despite public listing at worst time for travel

Easy Trip Director Prashant Pitti is sanguine, even though his firm, which operates EaseMy­Trip.com, gets more than 90% of its revenue from selling airline tickets

Laxmi Organic surges 13% as FPIs buy stake via open market

On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries.

Laxmi Organic makes decent debut, lists at 20% premium over issue price

The initial public offer (IPO) of Laxmi Organic Industries had received a robust response from the investors

Is IPO euphoria fading? GMPs of recent issues slide ahead of listing

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

Home-selling platform Offerpad to go public in $3 billion SPAC deal

The deal with Zillow co-founder Spencer Rascoff-backed Supernova Partners Acquisition Company Inc will fetch $650 million in proceeds for Offerpad

Bumper listing? Easy Trip shares trade at 70% premium in grey market

Easy Trip is the only profitable company among the key online travel players

Best of BS Opinion: No space for SPACs, NSE trading outage, and more

Here's a selection of Business Standard opinion pieces for the day

Vedanta Resources raises $1.2 bn ahead of open offer for Indian listed unit

Vedanta Resources on Friday said it has raised USD 1.2 billion in a bond offering that saw strong investor interest. The 8.95 per cent bonds due for March 2025 "will be guaranteed by the company and two wholly-owned indirect subsidiaries of the company, namely Twin Star Holding Ltd and Welter Trading Limited," it said in a statement. Vedanta said it will use the proceeds of the bonds for the acquisition of equity shares of the Indian subsidiary as well as servicing existing debt. The company is looking to buy as many as 37.17 crore or 10 per cent of its India unit, at Rs 160 per share. At that price, the total consideration of the deal would be about Rs 5,948 crore (USD 814 million). Vedanta Resources Finance II Plc, a subsidiary of London-based Vedanta Resources, had gone to the market for raising USD 1 billion. It got USD 2.6 billion in offers from about 150 accounts, representing the largest oversubscription on a recent US dollar bond offering by the company, banking sources ..

RailTel: Analysts expect shares to list at 16-18% premium over issue price

The IPO by RailTel Corporation had witnessed a robust response from market participants and was subscribed 42 times

SMC Global Securities lists equity shares on NSE, BSE: Details here

"The shares got listed at Rs 90.90 on NSE and Rs 91.60 on BSE," SMC Global Securities said in a release

Brookfield India REIT sees tepid listing, debuts at Rs 279 per share

The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription