The Latest Breaking News from IPO

SLMG Beverages eyes Rs 20,000 cr turnover in 5 yrs, IPO in 3-4 years

SLMG Beverages, a major Coca-Cola bottler in India, is targeting a turnover of Rs 20,000 crore in five years. The company has plans to list on stock exchanges before reaching its turnover goal. Currently, SLMG Beverages has a gross turnover of approximately Rs 9,000 crore and aims to increase that…

The Economic Times · 1h ago

Jio Platforms' IPO-linked inflows boost rupee; elevated oil prices spur caution

The Indian rupee experienced a notable increase as Jio Platforms' IPO attracted significant foreign investments. Despite this strength, rising oil prices raised concerns among traders about the rupee's sustainability. The rupee closed at 94.46 against the dollar, with earlier gains trimmed by higher Brent crude oil prices. Analysts suggest that…

The Economic Times · 2h ago

From Dhirubhai to Akash Ambani, Reliance made stocks popular with Indians

Jio Platforms’ IPO is putting the Ambani family’s relationship with India’s retail investors on a new footing, almost five decades after Dhirubhai Ambani took Reliance Textile Industries public in 1977. The Rs 30,213-crore issue was fully subscribed within two hours of opening, but Jio’s long-term success as a listed company…

The Economic Times · 3h ago

Bonfiglioli Transmissions IPO allotment today; GMP signals 23% listing gain. Here's how to check status

Bonfiglioli Transmissions’ Rs 2,533.66 crore IPO was subscribed 46.05 times, with allotment expected to be finalised today. Shares are scheduled to list on the BSE and NSE on October 23, while a grey market premium of around 23% points to potential listing gains.

The Economic Times · 5h ago

‘Tap dancing through a minefield’: Elon Musk’s $3.5 trillion Tesla-SpaceX merger talks test the first trillionaire's unchecked power

The SpaceX IPO pushed Musk past $1 trillion on paper. Pension funds, a federal judge, and workplace-safety data show how little stands between him and the companies he runs.

Fortune · 5h ago

EAAA India Alternatives fixes price band for Rs 1,200 IPO; issue opens on October 26

EAAA India Alternatives has set a price band of Rs 1,585–1,665 for its Rs 1,200-crore IPO, opening October 26. The offer is entirely an offer for sale, with the company reporting higher income and profit in FY26.

The Economic Times · 6h ago

'Can't tell you whether to apply for Jio IPO': Nitin Kamath on Jio's rise, Zerodha's growth & what changed India's stock market

Zerodha co-founder Nitin Kamath has credited Reliance Jio and Bharti Airtel for helping transform India’s digital economy and expand participation in the stock market. As Jio Platforms’ $3.2 billion IPO draws investor interest, Kamath said affordable mobile data, Aadhaar and UPI helped create the digital infrastructure that enabled businesses such…

The Economic Times · 7h ago

Jio IPO Day 1: Issue subscribed 3 times on strong QIB push; retail portion booked 68%. Check GMP

Jio Platforms’ IPO saw strong demand on Day 1, getting booked 3 times overall. The IPO commanded a grey market premium (GMP) of around 23%, while brokerages remained optimistic, citing Jio’s telecom leadership, improving profitability and growth opportunities in broadband and artificial intelligence (AI).

The Economic Times · 7h ago

Jio IPO or RIL shares? Where should investors bet as Ambani's Rs 30,213 crore issue opens

Jio Platforms is eyeing a staggering valuation of Rs 10 lakh crore for its upcoming IPO, sparking heated debates among analysts on whether to pursue Jio or Reliance Industries shares. The IPO holds the potential for investors to capitalize on India's booming digital economy, focusing specifically on Jio's telecommunications prowess,…

The Economic Times · 8h ago

Vaibhav Vyapaar Shares to list today; Check GMP ahead of debut

Vaibhav Vyapaar shares are scheduled to list on the NSE SME platform on October 21, with the IPO commanding a grey market premium of around 6%. The Rs 42.10 crore issue was subscribed 2.27 times. The NBFC plans to use Rs 32 crore from the proceeds to strengthen its capital…

The Economic Times · 8h ago