ipo
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Business
NTPC Green Energy Eyes $12 Billion Valuation in Upcoming IPO
The wait for NTPC Green Energy Ltd. (NGEL)’s IPO may soon be over, as reports suggest that the state-run NTPC’s clean energy arm could launch its highly anticipated initial public offering (IPO) as early as next week. According to a Bloomberg report citing sources familiar with the plans, NGEL is seeking a valuation close to $12 billion for the offering,…
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Health Insurance Giant Niva Bupa Set for Public Listing with ₹3,000 Crore IPO
True North, a prominent home-grown private equity firm, is spearheading an initial public offering (IPO) for Niva Bupa Health Insurance Ltd., previously known as Max Bupa Health Insurance Company. The Securities and Exchange Board of India (SEBI) has granted final observations for the firm to raise ₹3,000 crore through this IPO, marking a significant milestone for the company. Niva Bupa…
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Business
Hyundai India Set Launch Historic $3.3 Billion IPO in Mumbai Today
Hyundai India is set to open the order books for its massive $3.3 billion initial public offering (IPO) in Mumbai, starting Monday, according to regulatory filings. This offering marks the largest IPO in Indian history and ranks as the second-largest globally in 2024. India’s capital markets continue to show remarkable momentum, with 260 companies raising over $9 billion so far…
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Business
India’s Largest Stock Offering of 2024: Hyundai Motor India to Launch $3 Billion IPO
Hyundai Motor India is set to launch its initial public offering (IPO) next week, with share prices expected to be priced between Rs 1,865 and Rs 1,960 ($22 to $23). This valuation could position the automaker at approximately $19 billion, marking it as the largest stock offering in the country this year. This IPO represents Hyundai’s first foray into public…
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Business
Hero Motors Withdraws ₹900 Crore IPO
Hero Motors Ltd., part of the Hero Motors Company Group, has officially withdrawn its draft red herring prospectus (DRHP) for a ₹900 crore initial public offering (IPO). The company initially intended to raise ₹500 crore through new equity issuance and ₹400 crore via a promoter-led offer for sale. As per a filing with SEBI on October 5, 2024, Hero Motors…
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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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Business
Swiggy Reveals Rs 33 Crore Fraud by Former Employee in Annual Report
A former junior employee at Swiggy has allegedly stolen nearly Rs 33 crore over the course of several years, according to the company’s annual report for 2023-24. Swiggy, an online food delivery company based in Bengaluru, revealed the embezzlement in its report and has taken steps to address the issue. According to a report by *Moneycontrol*, Swiggy has hired an…
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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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Akums Drugs IPO: Allotment Status, Subscription Details, and Listing Expectations
The much-anticipated basis of allotment for Akums Drugs and Pharmaceuticals’ initial public offering (IPO) is set for today, August 2, 2024. The IPO, which concluded its three-day subscription period on Thursday, August 1, 2024, witnessed robust investor interest, achieving an impressive overall subscription rate of 63.44 times. Akums Drugs offered its shares within a price band of ₹646-679, with a…
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