Tag: IPOs

IPOs: Most IPOs in 2023 gain more than sensex
Business

IPOs: Most IPOs in 2023 gain more than sensex

MUMBAI: In a year when key equity benchmarks scaled new highs and rallied nearly 20% making investors richer by about Rs 85 lakh crore, 55 of the 59 issues gave IPO investors handsome returns of 45% on average. In fact, 2023 turned out to be an outlier for primary market investors when 59 companies hit the street, raising Rs 54,000 crore, and returned over 45% more than the issue prices on average, according to exchange data.This means that more than two-thirds of companies outperformed benchmark indices which rallied close to 20% in the year.The average listing gain for all the 59 IPOs is 26.3% and their average gain as of December 29 is 45%. !(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (f...
Explained: What is Grey Market Premium and how shares trade in the grey market
Business

Explained: What is Grey Market Premium and how shares trade in the grey market

Last week, the initial public offering (IPO) market in India experienced a flurry of activity with the launch of IPOs by five companies, including Tata Technologies, Ireda, Flair Writing Industries, and Gandhar Oil Refinery. This surge in IPOs has sparked conversations about the grey market and grey market premium (GMP). Let us delve into what these terms mean.What is the grey market?The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges.Unlike exchange trades that are conducted electronically, transactions in the grey market happen in person. Although these trades occur outside the purview of regulations, they are not considered illegal, according to ET.What is the grey market premium?Grey market premium refers to...
Gift Nifty at 19,800; L&T, SBI Card, Ashok Ley in focus
Business

Gift Nifty at 19,800; L&T, SBI Card, Ashok Ley in focus

Stock market updates LIVE on November 20, 2023: India's key benchmark equity indices are likely to start Monday's trade on a positive note tracking supportive cues from Asian peers. Notable slowdown in FII outflows will be tracked, as foreign investors have net sold stocks to the tune of Rs 6,500 crore so far in November as against selling in excess of Rs 26,000 crore in the preceding two months. At 08:15 AM, Gift Nifty futures quoted at 19,818, suggesting a marginally positive start for the NSE benchmark Nifty50. This morning in Asia, Japan's Nikkei was up 0.2 per cent. Kospi gained 0.5 per cent, while Taiwan was flat. Among individual stocks, a comptempt plea over Sebi probe delay in the Adani-Hindenburg case, upcoming Tata Technologies IPO and RBI clamp...
Rs 3,200 crore to fund its EV business
Business

Rs 3,200 crore to fund its EV business

Ola Electric announced that it has secured about Rs 3,200 crore in funding as part of its equity and debt round. This funding was obtained from Temasek-led marquee investors and project debt from State Bank of India. The funding round, which includes equity, has raised the Bengaluru-based firm’s valuation to $5.5 billion, up from its previous valuation of $5 billion, according to sources. The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion. A person familiar with the company’s strategy said, “Ola is planning to go public in the near future. The public offering is expected to be one of the largest automotive IPOs in India.” Sources indicate that ot...