Stock market
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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
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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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
Mid-Cap Funds Draw ₹14,756 Crore, Small-Cap Funds ₹15,586 Crore in FY25’s First Half
Mid-cap and small-cap mutual fund schemes have witnessed a significant surge in investor interest, with inflows reaching approximately Rs 30,350 crore from April to September of the current financial year, as reported by the Association of Mutual Funds in India (AMFI). In contrast, these funds attracted Rs 32,924 crore during the same period last year. This ongoing trend persists despite…
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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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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
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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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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