BSE
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Business
Niva Bupa Health Insurance IPO Allotment Today: Subscription Results and GMP Trends
The basis for allotment of Niva Bupa Health Insurance IPO shares is set to be finalized today, November 12, 2024. The company’s Rs 2,200 crore public offering, which was available at a price range of Rs 70-74, closed for subscription on November 11, 2024. The IPO saw a relatively tepid response from investors, with bids placed for 31.13 crore shares,…
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Business
Edelweiss Founders Divest Stake in Nuvama Wealth to Meet Regulatory Requirements
Edelweiss Financial Services Ltd founders Rashesh Shah and Venkatchalam Ramaswamy have sold part of their stake in Nuvama Wealth Management to meet regulatory minimum public shareholding requirements, according to an exchange filing. While the exact amount and price of the shares sold were not specified, Shah held a 4% stake, and Ramaswamy owned 1.79% as of the June quarter. The…
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Money
IIFL Samasta Finance Gears Up for ₹1,000 Crore Bond Listing on BSE and NSE
IIFL Samasta Finance, a prominent NBFC-MFI in India, is set to raise ₹1,000 crore through its debut public offering of secured bonds. The funds aim to support business expansion and enhance capital resources, offering investors a secure opportunity with interest rates up to 10.50%. The company plans to issue ₹200 crore initially, with a green-shoe option for oversubscription, potentially raising…
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Business
Tata Technologies’ Phenomenal Debut: Soars 140% in Blockbuster IPO Listing
Tata Technologies, the subsidiary of Tata Motors, made a stellar market debut on Thursday, soaring to a 140% premium over its issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE, marking the best listing since November 2021 for an IPO size exceeding ₹500 crore. The ₹3,042.51 crore IPO, the first from the…
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