The Securities and Exchange Board of India (SEBI) has approved NTPC Green Energy, the company’s renewable energy business, to move on with its eagerly awaited initial public offering (IPO). The company intends to raise Rs 10,000 crore through the issuance, having first submitted its draft documents to SEBI on September 18, 2024. The IPO will…
With 82 firms raising an astounding Rs 1.08 trillion, Samvat 2080 has become a huge year for the Indian primary market. Given that several initial public offerings (IPOs) are still available for subscription before the year ends, this number is expected to rise. Leading the surge was Hyundai Motors, a South Korean manufacturer that made…
Comparing the CNX 500 index to the 30 IPOs, just twelve of them, in terms of issue size, were able to provide investors with returns. From a different perspective, 60% of IPOs have not been able to outperform the CNX500 since their introduction. Thirty-one IPOs have had eight negative returns. Reliance Power destroyed the most…
The Securities and Exchange Board of India (SEBI) has granted National Securities Depository Ltd (NSDL) approval for its impending first public offering (IPO). NSDL is a major player in the Indian capital markets, handling most securities stored and settled in dematerialized form. The National Stock Exchange (NSE) will be one of the primary sellers in…
At an Extraordinary General Meeting (EGM) on October 3, the leading food technology company Swiggy got approval from its shareholders to boost the primary issue size of its Initial Public Offering (IPO) from Rs 3,750 crore to Rs 5,000 crore. If additional cash is needed, the corporation has set aside an additional Rs 1,250 crore…
The government of Rajasthan and the state-run power giant NTPC have inked a Memorandum of Understanding (MoU) for the development of 25 GW of renewable energy projects in the state, according to NGEL, a wholly owned subsidiary of NTPC. The business stated in a regulatory filing that the Chief Minister of Rajasthan was present when…
SEBI has approved Hyundai Motor India’s IPO, bringing the company’s intentions to list one step closer. Hyundai India hopes to raise Rs 25,000 crore, or $3 billion, through the offer, regarded as India’s largest public issue. This indicates a $20 billion valuation for Hyundai. According to rumors, the business may be preparing to list in…
According to internal documents, Swiggy, the fast-food delivery and e-commerce company, is preparing to raise about $600 million through a new issuance as part of its first public offering (IPO). From the $450 million that was originally stated, this represents a huge increase. The entire possible financing might be close to $1.4 billion when added…
The SME IPO market was introduced back in 2012, thus it has been around for well over ten years. However, it has never made headlines as much as it has this year because several of the offers have achieved exceptionally high subscription numbers followed by significant listing gains. Public issues that entered the market in…
IREDA’s shares surged 11.2% to an intraday high of Rs 265.70 on the company’s announcement in an exchange filing that it is exploring options for funding up to Rs 4,500 crore through rights issues, qualified institutional placement, and other ways. The financing will be presented to the board of directors for approval on August 29…
