Grey Market Premium
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Business
Zinka Logistics’ BlackBuck IPO Opens Next Week: Here’s What You Need to Know
BlackBuck, operated by Zinka Logistics Solution, is set to launch its IPO on November 13 with a target of raising ₹1,114.72 crore. The offering will include both fresh shares and an offer for sale. A total of 2.01 crore fresh shares will be issued, contributing ₹550 crore, while an offer for sale of 2.07 crore shares will raise an additional…
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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
Swiggy IPO Opens Tomorrow: All You Need to Know About Investment, Price Band, and Listing Date
Swiggy, the food and grocery delivery giant, is set to open its IPO on November 6, 2024, closing on November 8. The public offering, valued at Rs 11,327.43 crore, consists of a fresh issue worth Rs 4,499 crore and an offer for sale (OFS) worth Rs 6,828.43 crore. Retail investors can enter at a price band of Rs 371-390 per…
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Business
Sagility India IPO Set to Open for Bidding on November 5, Price Band Fixed at ₹28-₹30
Sagility India Limited is launching its initial public offering (IPO) for public bidding from Tuesday, November 5 to Thursday, November 7. The Bengaluru-based healthcare service provider has set the price band for its IPO between ₹28 and ₹30 per share, aiming to raise approximately ₹2,106.60 crore through an offer-for-sale (OFS) of equity shares valued at ₹10 each. Sagility’s services primarily…
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India News
Hyundai Motor India IPO Sees Sharp Decline in Grey Market Premium Amid Subdued Investor Interest
The grey market premium (GMP) for Hyundai Motor India’s unlisted shares has dropped sharply, falling to 0.87 per cent, indicating weak market sentiment surrounding the automaker’s Initial Public Offering (IPO). This is a notable decline from the Rs 147 or 7.5 per cent GMP recorded on October 9, when Hyundai Motor revealed its IPO price band, according to grey market…
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Business
KRN Heat Exchanger IPO Allotment Expected on September 30, Listing on October 3
The initial public offering (IPO) of KRN Heat Exchanger, a manufacturer of heat exchanger tubes, has garnered significant interest from retail and non-institutional investors. The IPO opened for subscription on Wednesday, September 25, with a goal to raise approximately ₹342 crore. Prior to the public offering, the company secured ₹100.10 crore from 10 anchor investors, allocating 45.5 lakh shares at…
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Business
Bajaj Housing Finance Launches Rs 6,560 Crore IPO, Opens for Subscription Today
The highly anticipated IPO of Bajaj Housing Finance, worth Rs 6,560 crore, opens for public subscription today, September 9, with investors eagerly awaiting strong listing gains, as indicated by the grey market premium (GMP). On Friday, September 6, the company raised Rs 1,758 crore from anchor investors. This follows similar recent public listings of housing finance companies like Aadhar Housing…
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Investing
Akums Drugs and Pharamaceuticals IPO Oversubscribed 63.5 Times, Strong Market Debut Expected
Akums Drugs and Pharmaceuticals, a leading name in the Indian pharmaceutical industry, is poised for its much-anticipated debut on the stock exchanges this Tuesday. With a robust subscription rate and a significant Grey Market Premium (GMP), the company’s initial public offering (IPO) has garnered substantial investor interest. Here are five key points about Akums’ IPO and its market debut: Strong…
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Money
Ola Electric IPO Fully Subscribed on Day Two, Attracts Strong Investor Interest
The initial public offering (IPO) of Ola Electric has garnered full subscription on the second day of its bidding process, following a 35% subscription on the first day. The issue received bids for 49,43,85,840 shares, amounting to 1.06 times the issue size of 46,51,59,451 shares. The retail individual investor (RII) quota was notably oversubscribed at 2.87 times, while the non-institutional…
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Finance
Gandhar Oil IPO Shatters Records: 64x Subscription Sparks Investor Frenzy
Exciting news in the financial arena! The Gandhar Oil’s IPO bidding closed on November 24 with an incredible response from investors. The three-day bidding process witnessed a remarkable 64 times subscription, reflecting the immense interest in the company’s public offering. Particularly noteworthy is the retail portion, which saw a subscription rate of 28.95 times. Non-institutional investors (NII) were equally enthusiastic,…
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