Bharat Bond ETF NFO closes tomorrow. Should you invest?

Through the launch of this new series in the fourth tranche, Edelweiss Mutual Fund proposes to raise an initial amount of Rs 1,000 crore with a green shoe option of Rs 4,000 crore.

2022-12-07T13:29:57+05:30

Top debt mutual fund managers share their views on RBI rate hike

Rate hikes and continued reduction in durable liquidity surplus are positive for short-term debt fund categories like the liquid fund.

2022-12-07T13:21:35+05:30

Year-End Special : Active large cap mutual funds offer 5% returns in 2022

Nippon India Large Cap Fund was the topper among the active funds, with around 14% returns. HDFC Top 100 Fund was in the second position. The scheme offered around 13% returns. Taurus Largecap Equity Fund followed, with 11% returns. ICICI Prudential Bluechip Fund offered around 9% returns.

2022-12-07T12:50:22+05:30

RBI hikes Repo rate by 35%; what should be your mutual fund strategy?

This is the fifth rate hike by the central bank in this financial year. Prior to this, the RBI had raised the repo rate by 40 bps in May and 50 bps in June, August and September.

2022-12-07T11:17:31+05:30

How to complete KYC, start investing in mutual funds?

Sebi mandates investors to be KYC (know your client) compliant before they start investing in a mutual fund scheme.

2022-12-07T09:44:48+05:30

Should I stop my SIP in Axis Mutual Fund schemes?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2022-12-06T14:36:31+05:30

Year-End Special: Investors’ favourite equity mutual fund schemes in 2022

Three hybrid schemes were among the top five schemes on the list. HDFC Balanced Advantage Fund was investor’s favourite in 2022.

2022-12-06T12:48:12+05:30

Year-End Special: ‘Do not take actions based on what you hear from Finfluencers’

We reached out to Suresh Sadagopan, chief financial planner, Ladder7 Wealth Planners, to find out what he thinks about the investment space in 2022.

2022-12-06T10:53:19+05:30

Best conservative hybrid mutual funds to invest in 2023

As per the Sebi mandate, conservative hybrid schemes invest 75-90% in debt instruments and 10-25% in stocks. These schemes are meant for investors looking to invest a small part of their money in equity to get some extra returns.

2022-12-06T10:13:15+05:30

Year-End Special: 4 mutual fund categories that created the most buzz in 2022

The one category that generated the most buzz in 2022 was in fact a debt fund category: target maturity funds or TMFs. The year saw a whopping number of new TMFs being launched by fund houses.

2022-12-06T09:48:55+05:30

Year-End Special: SBI PSU Fund tops equity returns charts in 2022; offers 32% returns

SBI PSU Fund not only topped the return charts in its own category but also managed to outperform all the other equity-oriented funds across categories.

2022-12-05T13:16:24+05:30

Year-End Special: ‘There has been a tremendous increase in young investors investing in mutual funds’

Ankita Narsey,Owner, Oak Tree Personal Finance, a mutual fund distribution firm, says she remembers the year for the maturity shown by investors.

2022-12-05T13:07:50+05:30

Best large cap mutual funds to invest in 2023

​First, large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. These large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.

2022-12-05T10:23:19+05:30

Fund review: DSP Tax Saver Fund

While the portfolio is diversified, it takes large positions in the top few bets. The fund has lagged behind the index in recent years but retains outperformance over its category average.

2022-12-05T06:30:00+05:30

Reserve Bank of India may opt for a smaller rate hike this week, say experts

Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points - 0.35 of a percentage point - or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will be in a range of 25-35 bps, another two project a 25 bps hike.

2022-12-05T06:19:10+05:30

Sebi directs mutual funds to act against dubious Telegram channels

2022-12-02T16:20:47+05:30

Year-End Special: ‘Equity mutual fund investors are going to benefit immensely in 2023’

The good thing is that Indian mutual fund investors have matured a lot. Unlike the past decade, Indian MF investors bought on every dip.

2022-12-02T11:34:26+05:30

Year-End Special: ‘Investing in one or two good mid cap funds, one small cap fund could be a good strategy’

If we look at the inflows in these two funds categories in the calendar year 2022, it is Rs 33,920 crore in mid cap funds and Rs 29,240 crore in small cap funds, which is 10.71% and 9.23% of overall inflows in equity funds respectively.

2022-12-02T10:37:15+05:30

Year-End Special: IT sector funds lost 18% in 2022. What is in store for 2023?

Among the sectoral funds, IT has been the worst affected this year. While infra and banking funds are up about 11% and 21% respectively, pharma funds are down about 6% so far.

2022-12-02T10:21:24+05:30

Taher Badshah of Invesco MF reveals 3 parameters to value new-age companies

"Our preferred portfolio stance has been India-centric growth sectors like, financials, consumer discretionary and industrials for much of this year and this largely stays but pockets of value have started to emerge in some of the global-oriented sectors such as technology, pharmaceuticals, and commodities. Some of these would also receive support to their earnings from a weak currency."

2022-12-02T09:40:00+05:30

Bharat Bond ETF can spruce up fixed income portfolios with 7.5% returns

"Investors can start allocating small amounts to long duration products as the risk of mark-to-market loss has reduced significantly," says Sachin Jain, Mutual Fund Analyst, ICICI Securities.

2022-12-02T09:05:38+05:30

Sebi asks mutual funds to act against con Telegram channels

The capital markets regulator said in a communication to the industry on November 30, Telegram is rife with dubious groups masquerading as fund houses. Sebi's warning to the industry comes in the wake of instances where investors have been defrauded by these telegram group operators, said three mutual fund industry officials.

2022-12-02T06:51:21+05:30

IIFL Mutual Fund launches India’s first passive tax saver scheme

This is a passive fund that is relatively low cost, compared to actively managed schemes that tend to have a higher expense ratio.

2022-12-01T14:18:47+05:30

Year-End Special: What is ‘expected or predicted’ often doesn’t fructify, says Prableen Bajpai, CFP

“A positive thing has been the continuous SIP inflows by retail investors. So, clearly, the message that ‘timing the markets’ doesn’t work is reaching investors. This has supported Indian markets amid widespread foreign sell-off,” says Prableen Bajpai, founder, Finfix Research & Analytics

2022-12-01T12:28:01+05:30

Edelweiss Mutual Fund launches fourth tranche of ‘BHARAT Bond ETF’

The BHARAT Bond ETF is India's first corporate bond ETF and it is an initiative of the Government of India, from the Department of Investment and Public Asset Management and the latter has given the mandate to Edelweiss Mutual Fund to design, launch and manage the product.

2022-12-01T11:40:34+05:30

BSE StAR MF clocks record 2.32 cr transactions in Nov

Online mutual funds distribution platform BSE StAR MF has surpassed its previous high to process record 2.32 crore transactions in November, clocking a growth of 10% month-on-month and 38% year-on-year.

2022-12-01T11:32:14+05:30

Year-End Special: Look forward to launching new products, including a tax saver fund: Rajiv Shastri of NJ AMC.

We reached out to NJ Mutual Fund, one of the new entrants in the mutual fund industry, to find out about its journey in the last one and a half year. Rajiv Shastri, Director and CEO, NJ AMC says that 2022 was challenging and he learnt a lot.

2022-12-01T11:10:27+05:30

IDFC Mutual Fund to be renamed Bandhan Mutual Fund

IDFC AMC is one of the top 10 AMCs in the country with an average assets under management of over Rs 1.2 lakh crore. It has investment products across equities, fixed income, and hybrid.

2022-12-01T10:37:51+05:30

‘A good bouquet of debt funds can preserve capital, beat inflation handsomely across interest rate cycles’

Equity indices have delivered 11-12% over a long period since 1995. Should a householder invest only in equities then? Probably that would not be wise.

2022-12-01T09:49:07+05:30

Equity ETFs can now be used as collateral

The regulator said the initial margin payable by the client to the stock broker should be in the form of cash, cash equivalent or equity ETFs.

2022-12-01T07:33:45+05:30

Can I continue investing in these schemes to make Rs 1.7 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2022-11-30T15:34:59+05:30

New SEBI rule to make debt mutual funds less risky, more diversified

“In order to avoid inconsistency in investment by MFs in debt instruments of an issuer, irrespective of the scheme being actively or passively managed, it has been decided to introduce a similar credit rating based single issuer limit for actively managed mutual fund schemes,” Sebi said.

2022-11-30T11:28:24+05:30

Sebi brings in credit risk-based limits for MFs in debt investments

Currently, credit risk-based single-issuer limits are allowed for debt exchange-traded funds to enable them to effectively manage the risk associated with such investments.

2022-11-30T08:14:09+05:30

​​What returns can one expect from a mutual fund SIP?

​A Systematic Investment Plan (SIP) is a mode of investment offered by mutual funds. Using this method, an investor can put in a fixed amount of money at predefined intervals in a chosen mutual fund scheme.

2022-11-30T08:12:14+05:30

Indices scale new highs on strong global cues; Nifty closes above 18,600

Foreign portfolio investors (FPIs) net bought Indian shares worth ₹1,241.57 crore on Tuesday, showed provisional data from the stock exchanges. So far this month, including Tuesday's provisional data, FPIs have purchased shares worth nearly ₹29,284 crore in the cash segment, the best in three months.

2022-11-30T07:14:31+05:30

We are in a bull economy over next 4-5 years & every dip will see more buying: Vinit Sambre

“Segments like consumer durables where the valuations have not corrected and are not reflecting the current picture of some slowdown seen in the overall consumption, the competitive pressure is very high and the inability of the companies to pass on the pricing. That is leading to margin contraction and those probably are not getting fully reflected in the valuations.”

2022-11-29T15:10:46+05:30

Quant ESG Fund offers 25% returns in a year amid global uncertainties

The Quant ESG Fund is one-year old and is the topper in the category, where a few schemes like Invesco India ESG Fund, ABSL ESG Fund and Axis ESG Fund have offered negative returns in one year.

2022-11-29T13:54:42+05:30

What would be my mutual fund corpus in 15 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2022-11-29T11:10:27+05:30

"We recommend 70% allocation to large, and 30% in mid and small cap funds," says Neelesh Surana

"Equity valuations are above average and not cheap. There are pockets like banking and PSU stocks which are attractive, while consumption is expensive," said Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund.

2022-11-29T09:51:31+05:30

It's time to consider investing in debt mutual funds

"Debt has become an attractive asset class today because of the higher yields amid rising interest rates," said Sankaran Naren, executive director, ICICI Prudential Mutual Fund.

2022-11-29T09:36:28+05:30

Average AUM of MF industry in Assam is Rs 20,600 crore: Saurabh Jain, Union AMC

Union AMC today announced the inauguration of its first branch in North East in Guwahati. Union AMC is co- sponsored by Union Bank of India and Dai-ichi Life Holdings Inc. of Japan.

2022-11-29T09:35:30+05:30

Morgan stanley sees sensex hitting 68,500

An up-trending profit cycle, a likely peak in short rates in 1Q2023 and ebbing global macro risks relative to 2022 make the case for absolute upside to Indian stocks," said Morgan Stanley in a note to clients. "That said, India's relative gains may take a breather in 2023.

2022-11-29T07:08:58+05:30

HSBC acquires L&T MF; schemes to be transferred or merged with HSBC schemes

HSBC Asset Management (India) has said that it has completed the acquisition of L&T Investment Management for a consideration of US$ 425 million, subject to closing adjustments.

2022-11-28T13:03:05+05:30

Number of passive funds tracking Nifty Indices cross 200

Nifty Indices linked passive funds account for 76% market share in terms of total number of equity and debt passive funds and 73% market share in terms of total Asset under Management (AUM) of equity and debt Funds in India.

2022-11-28T12:45:43+05:30

Baroda BNP Paribas Mutual Fund launches Multi Asset Fund

The investment objective of the scheme is to seek long term capital growth by investing in allocation ranging for equities between 65-80%, fixed Income and gold ETFs at 10-25% each along with up to 10% in units of REITs and INVITs.

2022-11-28T12:33:28+05:30

Amfi asks govt for preferential tax treatment for Gold ETFs, FoF

Alternatively, AMFI has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year.

2022-11-28T10:07:05+05:30

Start SIPs in equity funds for education and retirement

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

2022-11-28T06:30:00+05:30

Fund review: ABSL Equity Advantage Fund

While it had a track record of modest outperformance leading up to the recategorisation, it has been erratic in the past few years. Strong showing in 2020 and 2021 has been wiped away by sharp underperformance this year, hurting its long term track record. It needs to find its feet quickly to catch up with its peers.

2022-11-28T06:30:00+05:30

Redeem mutual fund units, get your money within 3 days

The Securities and Exchange Board of India (Sebi) said fund houses should pay dividends to unitholders within seven days and the redemption amount should be given within three days.

2022-11-26T08:11:11+05:30

ICICI Prudential Mutual Fund launches Nifty Pharma Index Fund

The Nifty Pharma Index has grown at 9.52% annually since October 2012. For example, Rs.1,00,000 invested in the Nifty Pharma Index in 2012 would be worth Rs. 2,48,220 by the end of October 2022.

2022-11-25T15:51:15+05:30

Abans Holdings IPO to kick off on Dec 12

Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements and for general corporate purposes.

2022-12-07T17:16:55+05:30

Will Dharmaj Crop Guard pull off a strong show at D-St debut?

Incorporated in 2015, Dharmaj Crop Guard is an agrochemical company engaged in manufacturing, distributing, and marketing of a wide range of agrochemical formulations.

2022-12-07T15:17:20+05:30

Sula Vineyards sets price band for Rs 960 cr IPO at Rs 340-357 per share

The issue is entirely an offer for sale (OFS) of up to 2,69,00,530 equity shares by the promoters and existing shareholders of the company. The winemaker looks to raise Rs 960.35 crore via initial stake sale as against Rs 1,200-1,400 crore earlier.

2022-12-07T13:48:48+05:30

IPO-bound Landmark Cars expects to double revenue in two years

The retailer of premium vehicles of automakers Mercedes Benz, Volkswagen, Honda and Fiat Chrysler in India is targeting notional revenue of more than Rs 7,000 crore in FY24, which would translate into a profit of Rs 150-170 crore, the people cited earlier told ET.

2022-12-06T23:02:32+05:30

When Dharmaj, Uniparts struggle to gain ground in grey market, this microcap is stealing the show

Dharmaj Crop Guard and Uniparts will be listed on the bourses in the next few sessions but their premia in the unofficial market have been retreating lately, considering the profit booking in the Indian markets.

2022-12-06T19:39:39+05:30

Concord Biotech, Vaibhav Gems get Sebi's approval to float IPOs

The company is backed by Quadria Capital Fund and Rare Enterprises, which was set up by billionaire investor Rakesh Jhunjhunwala, along with his wife Rekha. The veteran stock market investor passed away in August this year.

2022-12-06T13:51:06+05:30

Sula Vineyards IPO likely to hit Dalal Street on December 12

The company has slashed its issue size and is likely to raise about Rs 950-1,000 crore through its initial stake sale. However, the company earlier was eyeing to raise about Rs 1,200-1,400 crore via its IPO.

2022-12-06T13:26:37+05:30

Uniparts India IPO: Here's how to check allotment status and GMP

The quota for qualified institutional buyers was subscribed 67.14 times, while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.

2022-12-06T13:01:32+05:30

Dharmaj Crop Guard IPO: Here's how to check allotment status and GMP

Last heard, the shares of Dharmaj Crop Guard were commanding a premium of around Rs 50 in the grey market, hinting at a strong listing pop. The premium marched higher in the unofficial market after recent listings.

2022-12-05T15:46:23+05:30

Realtor Signature Global looking to launch Rs 1,000 cr IPO by Dec-end

As per the DRHP, the public issue comprises fresh issue of equity shares worth up to Rs 750 crore and an offer-for- sale (OFS) of up to Rs 250 crore.Promoter Sarvpriya Securities and investor International Finance Corporation will sell equity shares worth up to Rs 125 crore each.

2022-12-04T10:52:25+05:30

Tata Play becomes first Indian co to make confidential pre-filing for IPO

The Tata group firm filed documents with Sebi, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 29. The firm advertised the move in some leading daily newspapers on Thursday. ET in its November 11 edition was the first to report about this development.

2022-12-02T06:54:37+05:30

Uniparts India IPO sails through on day 2; retail and HNI quota fully booked

The company is selling its shares in the range of Rs 548-577 apiece between November 30-December 2, with a lot size of 25 equity shares. The issue is entirely an offer-for-sale (OFS) of up to 14,481,942 equity shares.

2022-12-01T13:15:15+05:30

Tata Play becomes first firm to file confidential papers with Sebi for IPO

A confidential filing, as the moniker suggests, allows a company to privately file a registration statement for an IPO with the regulator for review, delaying the public filing until much closer to the actual IPO date.

2022-12-01T11:33:22+05:30

Dharmaj Crop Guard issue subscribed 35.49 times

Dharmaj Crop's IPO had a fresh issue of up to ₹216 crore and an offer for sale of 14,83,000 equity shares. Its price range was ₹216-237 a share. Dharmaj Crop has raised ₹74.95 crore from anchor investors, including Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund.

2022-12-01T07:40:57+05:30

Dharmaj Crop Guard IPO subscribed more than 11.3x, issue closes today

According to data from BSE, investors made bids for 9,06,84,780 equity shares or 11.32 times compared to the 80,12,990 equity shares offered for the subscription by 12.10 pm on Wednesday, November 30.

2022-11-30T13:35:31+05:30

Uniparts India IPO kicks off: Should you subscribe?

The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.

2022-11-30T09:59:56+05:30

Uniparts India mobilises Rs 251 cr from anchor investors

Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.

2022-11-30T07:35:51+05:30

IPOs pick up pace as year ends with just 4 companies raising $334 million in Q3

During Q2 2022, proceeds raised from main markets equated to $4,326 million via 13 IPOs compared to 4 IPOs raising $334 million during Q3 2022, a decline of 92% in the proceeds raised and a decline of 69% in the number of deals, as per the EY IPO trends report.

2022-11-29T18:57:35+05:30

What do grey market cues suggest for Dharmaj Crop and Uniparts India IPOs

The premium for the listing-bound Dharmaj Crop Guard and Uniparts India is moving higher in the unofficial market, hinting a strong listing pop for investors, if the optimism prevails for another few sessions.

2022-11-29T17:49:17+05:30

Export-focused Uniparts may suit investors with high risk appetite

With the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had inventory days of 131-145. A high client concentration may affect financials if the business momentum from large clients moderates.

2022-11-29T17:41:01+05:30

Dharmaj Crop Guard IPO subscribed over 3x so far on Day 2

The quota for retailers was subscribed 4.54 times, whereas the employees portion was booked 2.21 times. Portion for non-institutional investors fetched 3.29 times bids, and the portion for qualified institutional bidders was booked 36%.

2022-11-29T13:36:08+05:30

Dharmaj Crop Guard IPO subscribed 1.79 times on Day 1

The category for Retail Individual Investors (RIIs) received 2.60 times subscription, non-institutional investors portion was subscribed 1.80 times and Qualified Institutional Buyers (QIBs) 35 per cent.The IPO has a fresh issue of up to Rs 216 crore and an offer for sale of 14,83,000 equity shares.Price range for the offer is at Rs 216-237 a share.

2022-11-28T19:25:27+05:30

Realty firm Signature Global gets Sebi nod for its Rs 1,000-cr IPO

As per the DRHP, the IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore

2022-11-28T18:24:29+05:30

Uniparts India IPO: All you need to know about the issue

The IPO of Uniparts India will close for subscription on Friday, December 2.

2022-11-28T14:19:08+05:30

Dharmaj Crop Guard IPO subscribed 48% in first 2 hours of bidding process

The company is selling its shares in the range of Rs 216-237 apiece between November 28-30, with a lot size of 60 equity shares. The issue comprises fresh equity shares worth Rs 216 and an offer-for-sale (OFS) of Rs 35.15 crore.

2022-11-28T13:46:41+05:30

Dharmaj Crop Guard IPO opens today: Should you bet on this agrochem player?

Dharmaj Crop IPO consists of fresh equity shares worth Rs 216 crore, with existing promoters and shareholders offloading 14,83,000 equity shares worth Rs 35.15 crore via offer for sale (OFS). Bids can be placed in the lot size of 60 shares.

2022-11-28T09:52:55+05:30

FPIs flock to Indian mkt; buy shares worth Rs 31,630 cr in Nov

Rising expectations of aggressive rate hike cycles nearing an end on relatively easing inflationary curve, better than expected US macroeconomics data and resilience of the Indian economy compared to global counterparts are also driving FPI inflows.

2022-11-27T13:30:23+05:30

Go Digit General Insurance’s IPO gets IRDAI’s go-ahead: Reports

In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.

2022-11-25T18:58:15+05:30

November carnival in IPO mart to end on a high; 2 issues to raise Rs 1,100 cr next week

The company will sell its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares. However, this Rs 835.61 crore issue is entirely an offer for sale by the promoters and existing shareholders of the company.

2022-11-25T15:35:25+05:30

Unipart India IPO to open on Nov 30; price band fixed at Rs 548-577

The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).

2022-11-25T11:06:40+05:30

Long-term investors may consider Dharmaj Crop IPO given strong business growth

Dharmaj has a strong positioning in the agrichemical value chain with a portfolio of 414 agrochemical formulations and six agrochemical technicals. The company expanded the installed capacity significantly to 25,500 metric tonnes (MT) in FY22 compared with 9,150 MT in FY20.

2022-11-24T19:00:48+05:30

Paytm’s 75% slump is world’s worst for large IPOs in a decade

Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.

2022-11-24T12:30:24+05:30

Inox Green Energy Services lists below IPO price

It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals' portion was subscribed.

2022-11-24T06:29:51+05:30

Dharmaj Crop Guard IPO to open on Nov 28; price band fixed at Rs 216-237

Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.

2022-11-23T09:20:19+05:30

Kaynes Technology lists at 32% premium

The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.

2022-11-23T05:59:48+05:30

Five Star Business may face pressure after tepid listing

The company's ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.

2022-11-22T05:54:47+05:30

Archean Chemical lists at a premium, closes up 12.53%

The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals' portion received bids for 14.9 times the shares reserved for them.

2022-11-22T05:51:36+05:30

Is Kaynes Technology poised for strong debut at D-St? Here's what the grey market is signalling

Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.

2022-11-21T17:27:12+05:30

Keystone Realtors IPO: Here's how to check allotment status & GMP

Incorporated in 1995, Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is engaged primarily in the business of real estate construction, development and other related activities.

2022-11-21T14:29:35+05:30

Inox Green Energy Services IPO: Here's how to check allotment status & GMP

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.

2022-11-21T14:20:42+05:30

IPOs in India likely to gain more traction amid high-interest rates

Before jumping into any statistics, let's discuss what the macroeconomic situation has been over the last 10 months. The economy has witnessed a roller coaster ride of events, from the Russia-Ukraine War to skyrocketing inflation, markets have seen it all. High commodity prices have hit companies' margins all over the world.

2022-11-19T14:03:24+05:30

Is Archean Chemical Industries set for a strong listing pop? Read grey market signals

Last heard, the company's shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a premium of about 30% compared to its issue price of Rs 407.

2022-11-19T12:50:27+05:30

Dry winter for IPO mart? What’s in store for primary market now

Experts believe that one shall not expect a dry season for the primary markets but investor's interest and risk appetite have taken a hit after a long series of muted listings, which has dented both number and sizes of the issues.

2022-11-18T13:29:28+05:30

Selloff by early investors hits newly listed, high-profile cos

By the close of trading, however, Nykaa’s stock price recovered to close flat at Rs 185. With the post-IPO lock-in of shares ending for large investors, who had bought the stakes when these companies were private, market players feel there’s more pain for these scrips. For one, these stocks are expected to be weighed down further by large-size selling by early backers. Secondly, fearing a large sell-off, prospective investors will also be cautious to buy these stocks, a trader said.

2022-11-18T07:40:09+05:30

Blackstone's India malls REIT portfolio Nexus Malls files for IPO

The IPO will include a fresh issue of shares worth up to Rs 1600 crore

2022-11-17T23:53:44+05:30

After stellar debuts of Bikaji and Medanta, hopes are high from other debutants

Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.

2022-11-17T16:41:03+05:30

The harsh reality of 5 famed Indian IPOs: $18 billion-wipeout!

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.

2022-11-17T14:09:24+05:30

Fairfax weighing Bangalore Airport IPO at $3.7 billion: Report

The Mumbai offering may raise between Rs 30 billion and Rs 40 billion, they said, asking not to be identified as the information is private. The IPO may consist of about 75% primary shares and the rest in existing shares, one of the people said.

2022-11-17T12:36:48+05:30

Keystone Realtors IPO oversubscribed 2.01x on final bidding day

According to the data from BSE, the investors made bids for 1,21,52,241 equity shares or 1.41 times compared to the 86,47,858 equity shares offered for the subscription by 12.15 pm on Wednesday, November 16.

2022-11-16T13:40:57+05:30

FHRAI writes to Sebi to stop OYO from launching IPO after CCI penalty

The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."

2022-11-15T21:30:17+05:30