Mumbai, July 24 (IANS) Shares of Star Health and Allied Insurance Company fell more than 1 per cent on Friday after the company’s June-quarter shareholding pattern showed ace investor Rekha Jhunjhunwala had significantly reduced her stake in the health insurer during the quarter.According to the shareholding pattern for the quarter ended June 30, 2026, Rekha Jhunjhunwala’s stake fell to 3.04 per cent from 15.57 per cent at the end of the March quarter, indicating that she sold nearly 7.38 crore …
Latest IPO News & Updates
Mumbai, July 23 (IANS) Ahead of its proposed initial public offering (IPO), Juniper Green Energy Limited has, through an addendum to its Draft Red Herring Prospectus (DRHP) filed with SEBI on July 9, disclosed pending litigation involving the company, its subsidiaries, promoters, directors and key managerial personnel.The draft papers disclosed that it is involved in a material civil litigation amounting to Rs 104.40 million, while its subsidiaries face criminal and civil proceedings involving m…
New Delhi, July 23 (IANS) The dominance of the National Stock Exchange (NSE) in the equity options (premium value) segment has decreased over the past three financial years, with its market share shrinking by more than 22 per cent, according to data from the exchange’s annual reports and Red Herring Prospectus (RHP).The data showed that NSE’s market share in the equity options (premium value) segment stood at 96.9 per cent in FY24. It declined to 87.4 per cent in FY25 and further dropped to 74.7…
Mumbai, July 21 (IANS) State Bank of India (SBI) has no plans to dilute its stake in SBI Funds Management following the asset management company’s stock market debut, Chairman C.S. Setty said on Tuesday, adding that the public listing was aimed at giving retail investors an opportunity to participate in the company’s growth.Setty told reporters that we are not looking for any dilution in SBI Funds after the listing ceremony here.Setty said the listing forms part of SBI’s broader strategy of crea…
New York, July 17 (IANS) SpaceX shares slipped below their initial public offering (IPO) price for the first time after the company aborted the launch of its flagship Starship rocket, extending the stock’s losing streak since its market debut.The shares closed at $131.11, down 3.08 per cent for the day and below the IPO price of $135.The decline marked the fifth consecutive losing session since the aerospace company’s June 12 listing, which became the largest IPO in history by raising around $86…
Mumbai, July 17 (IANS) The National Stock Exchange of India (NSE) has received a ‘sell’ recommendation from a domestic brokerage ahead of its much-anticipated initial public offering (IPO), with Dolat Capital Markets warning that regulatory changes in the country’s derivatives market could weigh on the exchange’s future growth and valuations.In an initiation report, Dolat Capital assigned a target price of Rs 1,550 for NSE, nearly 26 per cent below its prevailing unlisted market price of around …
Mumbai, July 16 (IANS) In a move that highlights the tightrope walk between rural populism and aggressive corporate reform, the Maharashtra government has announced a massive Rs 48,000-crore write-off of legacy agricultural electricity arrears. While the decision offers immediate relief to 44 lakh farmers across the state, it has triggered intense debate among economists and power sector analysts. The waiver stands in sharp contrast to the state’s parallel structural reforms: a historic demerger…
Mumbai, July 13 (IANS) The National Stock Exchange (NSE) Managing Director and CEO Ashishkumar Chauhan’s remuneration increased by about 41 per cent over the last two financial years to Rs 15.88 crore in FY26, according to the exchange’s draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) ahead of its proposed initial public offering (IPO).The DRHP showed that NSE CEO Chauhan received remuneration of Rs 15.88 crore (Rs 158.88 million) in FY26, compare…
New Delhi, July 11 (IANS) SBI Funds Management Ltd, whose Rs 11,693 crore initial public offering (IPO) opens on July 14, has dependence on assets under management (AUM), market volatility, concentration in a few mutual fund schemes, reliance on the SBI distribution network and regulatory changes among the key risks to its business, according to its Red Herring Prospectus (RHP).According to the company’s offer documents, its revenue and profitability are substantially dependent on quarterly aver…
New Delhi, July 11 (IANS) India’s listed new‑age ecosystem could touch $1 trillion in market capitalisation by 2030 and about 210 new‑age companies are IPO-ready over the next 24 months, a new report has said.The report from consulting firm Redseer said India’s IPO market has grown nearly 8 times in proceeds, making it the only major capital market to sustain uninterrupted growth in primary issuance.It now ranks third globally by proceeds while leading all major markets in long-term trajec…