Mumbai, March 27 (IANS) Shares of Bajaj Housing Finance remained under pressure on Friday, extending their prolonged downtrend and hitting a fresh all-time low on the stock exchanges. The stock slipped nearly 4 per cent during the session to touch Rs 76.29 on the National Stock Exchange (NSE).By around noon, the stock was hovering close to its day’s low at Rs 76.41, with strong trading activity as nearly 7 million shares changed hands.The sharp fall has brought the stock close to its issue pri…
Latest IPO News & Updates
New Delhi, March 14 (IANS) The government has amended rules governing minimum public shareholding for large companies by introducing a tiered structure that allows large firms to offer a smaller portion of shares to the public during IPO, and do staged increases to the 25 per cent level.The amendment links minimum public offers to a company’s post‑issue capital at the IPO price. Companies with post‑issue capital above Rs 1,600 crore but up to Rs 4,000 crore must offer shares worth at least…
New Delhi, March 10 (IANS) India’s deal activity remained resilient in February, recording 278 transactions worth $5.4 billion — up 34 per cent sequentially in terms of volumes, a report said on Tuesday.The report from Grant Thornton Bharat said the surge was led by private equity and venture capital participation, which recorded 169 deals worth $2.8 billion, the highest monthly deal count in four years.”While overall deal values saw only a modest recovery, the surge in volumes signals renewed …
New Delhi, March 6 (IANS) Society for Innovation and Entrepreneurship (SINE) — the IIT Bombay-backed broad-spectrum technology business incubator — is selling about 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to the filings.The company’s red herring prospectus (RHP) has highlighted that SINE will offload 4,08,000 equity shares.On a pre-offer paid-up equity share capital basis, this represents 0.92 per cent, indicating that the incubator is expected to e…
New Delhi, March 5 (IANS) Shares of Omnitech Engineering made a weak debut on the Indian stock exchanges on Thursday, listing at Rs 205 on the Bombay Stock Exchange (BSE), nearly 10 per cent below the company’s IPO price of Rs 227 per share.The precision-engineered components maker also listed at a discount on the National Stock Exchange of India, where the stock opened at Rs 202 apiece, about 11 per cent lower than its issue price.Despite the weak start, the stock witnessed buying interest so…
New Delhi, Feb 14 (IANS) IPO-bound Skyways Air Services Ltd, a Delhi-based air freight forwarding and logistics company, is facing an FIR — filed with the Delhi Wing of the Economic Offences Wing (EOW) by UK-based PG Paper Company Limited – over an alleged “large-scale fraud” to the tune of Rs 480 crore involving nine firms/persons (including Skyways Air Services Ltd).The FIR with EOW Delhi, a copy of which was accessed by IANS, states that the UK-based firm filed the complaint against nine a…
New Delhi, Feb 6 (IANS) IPO-bound National Stock Exchange on Friday reported a sharp 37 per cent year-on-year drop in its consolidated net profit at Rs 2,408 crore in the October-December period (Q3 FY26), compared to Rs 3,834 crore in Q3 FY25.On the sequential basis, the net profit grew nearly 15 per cent from Rs 2,098 crore in the September quarter, according to the company’s financial statement.Total income also fell 9 per cent (on-year) to Rs 4,395 crore, from Rs 4,807 crore in Q3 FY25. Th…
Mumbai, Feb 5 (IANS) India’s single-specialty health provider market will reach $12.3 billion by 2030, up from around $4.4 billion in 2025, growing at a 22 per cent compound annual growth rate at double the pace of the broader provider sector, a report said on Thursday.Bessemer Venture Partners said in the report that specialty health care featured attractive financial profiles featuring 12-18 month payback periods and sustainable EBITDA margins of over 20 per cent.It said that India’s healthcar…
New Delhi, Jan 31 (IANS) As the National Stock Exchange (NSE) gets ready to file its long-awaited initial public offering (IPO) draft papers in the next 3-4 months, a leading legal expert on Saturday said what matters most is full and timely disclosure of all pending cases and risks in the IPO documents.The capital markets regulator SEBI on Friday gave no-objection certificate (NOC) to the NSE, and the exchange can now finalise the structure and timing of its IPO.Supreme Court advocate B. Shrava…
Mumbai, Jan 30 (IANS) The National Stock Exchange (NSE) on Friday announced it has received the SEBI approval for its long-awaited initial public offering (IPO).NSE’s IPO plans had been stalled for more than a decade as the markets regulator did not grant approval due to regulatory concerns related to governance lapses and the co-location case.With SEBI’s nod in place, NSE will now finalise the structure and timing of its IPO. NSE is reportedly said to be planning to file its draft listing pap…