The Latest Breaking News from IPO

Rentomojo, Karamtara Engineering, 4 other mainboard IPOs open for bidding. Check GMP & other key details

Six mainboard IPOs, including Rentomojo, Karamtara Engineering and LCC Projects, opened for subscription on September 9. With a combined issue size of over Rs 4,500 crore, investors have multiple offerings to choose from. Here’s a look at the issue sizes, price bands, lot sizes, GMPs and key dates

The Economic Times · Sep 9

Rentomojo IPO opens today; GMP signals 32% potential listing gains. Should you subscribe?

Rentomojo Ipo Gmp Day 1 : Anticipation builds as Rentomojo prepares to launch its public offering on September ninth, aiming to secure over Rs 1,200 crore. The funds raised will primarily support debt repayments and various corporate requirements. With anchor investors already on board with substantial commitments, the rental service,…

The Economic Times · Sep 9

IPO flood breaks 30-year record as 6 issues hit stock market on same day

The six issues, Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering, are collectively seeking to raise ₹4,509.68 crore.

The Economic Times · Sep 9

Karamtara Engineering raises Rs 262 crore from anchor investors ahead of IPO. HDFC MF among top buyers

Karamtara Engineering secured Rs 262.50 crore from anchor investors before its upcoming IPO. The company allocated over one crore shares at the IPO's upper price band. Domestic mutual funds and insurance companies participated in the anchor book. Karamtara Engineering's IPO opens for subscription on September 9 and closes on September…

The Economic Times · Sep 8

Jio IPO: Co set to begin investor outreach later this week, say sources

Jio Platforms is preparing for its massive initial public offering after receiving Sebi approval. Investor outreach will commence this week across key global financial centers. The company plans to issue fresh equity shares to raise substantial capital. Proceeds will primarily be used to repay outstanding borrowings of its subsidiary. This…

The Economic Times · Sep 8

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities extended their decline on Tuesday, with Sensex falling 555 points and Nifty ending below 23,650. Analysts cited elevated crude prices, Fed rate hike concerns and IPO fund absorption, while technical signals suggested 23,600 as key Nifty support.

The Economic Times · Sep 8

Madhu Kela-backed fund invests in Steamhouse India IPO as company raises Rs 124 crore from anchor investors

Steamhouse India raised Rs 124.2 crore from anchor investors, including funds backed by Madhusudhan Kela and Sunil Singhania, ahead of its Rs 414 crore IPO opening on September 9. The issue, priced at Rs 77-81 per share, comprises a fresh issue of Rs 353 crore and an OFS of Rs…

The Economic Times · Sep 8

NSE IPO likely to open on September 18, list on September 25: Sources

The National Stock Exchange's IPO is slated to open for public subscription on September 18. This significant offering is expected to raise approximately Rs 30,000 crore. The price band for this substantial IPO will be announced on September 15. This public issue will remain open for three days, starting September…

The Economic Times · Sep 8

Explosive Gains! ESDS Software shares skyrocket 195% from IPO price in 3 sessions

ESDS Software shares extended their post-listing rally for a third session, rising 16.21% to Rs 1,266, nearly 195% above the IPO price of Rs 429. The surge follows a 136-times subscribed IPO, improved financial performance and plans to invest heavily in cloud and data-centre infrastructure.

The Economic Times · Sep 8

IFCI shares slide 7% after stellar 30% monthly surge amid NSE IPO buzz

IFCI shares fell 7% after a sharp recent rally, after the stock rallied nearly 30% in a month amid Sebi’s approval of the NSE IPO. IFCI has indirect exposure to NSE through its stake in Stock Holding Corporation of India.

The Economic Times · Sep 8