Tag: IPO

RR Kabel shares made a strong debut on the stock exchanges on September 20, despite a sharp correction in the equity markets. The stock opened higher by 14 percent and closed at Rs 1,198, up 15.75 percent over the issue price of Rs 1,035. RR Kabel is the first company to list its shares on the exchanges within two days of the issue closing, using the new T+2 timeline introduced by the market regulator Sebi. The company had raised Rs 1,964.01 crore via its IPO, which was launched during September 13-15. RR Kabel operates in two broad segments: wires & cables, and FMEG (fast moving electrical goods). The company's strong debut is a positive sign for the IPO market, which has been subdued in recent months. It also reflects the investor interest in the wires & cables and FMEG sectors, which are expected to benefit from the government's focus on infrastructure development and electrification.

EMS Limited, a water and wastewater management company, is expected to list strongly on September 21. The company's IPO was subscribed 75.28 times, driven by strong demand from qualified institutional buyers, high networth individuals, and retail investors. EMS has a proven track record of successful project execution and a strong order book. It also has a healthy financial position. Analysts are positive on the company and advise investors who are allotted shares to hold them from a medium to long term perspective. Professional investors should carefully consider the company's strong fundamentals and long-term growth outlook before making an investment decision.

Digikore Studios, an Indian VFX company, is preparing to go global with an IPO on NSE EMERGE. Digikore plans to use the IPO proceeds to expand its operations in North America. Despite early setbacks, Digikore has emerged as a leading VFX company with over 400 employees. The company plans to expand its North American operations, but the bulk of the work will continue to be done from India. Digikore's success is a testament to the talent and creativity of Indian VFX artists.

Signature Global, an NCR-based real estate company, is set to launch its IPO on September 20. The company is targeting to raise ₹730 crore through the IPO, which will be used to fund its ongoing and upcoming projects. The IPO is expected to be well-received by investors, given the company’s strong fundamentals and growth potential. The company has a track record of execution and is committed to providing quality homes to its customers. It is confident of achieving its target of becoming among the top-five real estate players in India in the next few years.

TPG, a US-based private equity firm, is planning to cut its stake in RR Kabel through an IPO. The IPO price band is set at Rs 935-1035 per share, which is nearly four times that of TPG's initial investment. If TPG sells all of its shares in the IPO, it could potentially quadruple its investment returns. The IPO is scheduled to open for subscription on September 13 and will close on September 15.

Swiggy and PayU plan to conduct IPOs in 2024. Swiggy targets a valuation of $10 billion, while PayU seeks $6-6.5 billion. Both companies are expected to file confidential DRHPs with SEBI in March 2024.

Zaggle, a spend management platform, is opening its IPO on September 14 to raise INR 563 crore. The proceeds will be used for customer acquisition, tech development, and debt repayment. The IPO is expected to be well-received. Here are some key highlights: Anchor book opens on September 13. Offer closes on September 18. Minimum investment for retail investors is INR 10,000. Company has a strong management team and backers. Overall, the Zaggle IPO is a good opportunity for investors to participate in the growth of a leading spend management platform in India.

Kahan Packaging's IPO was subscribed 690 times, setting a new record for SME IPOs in India. The company will use the proceeds to expand its manufacturing capacity, repay debt, and fund working capital requirements. The strong subscription is a positive indicator of the growth prospects of the SME sector in India. Here are the key factors that contributed to the high subscription: Strong track record of growth and profitability Growing demand for packaging solutions in India Attractive valuation Strong interest from retail investors The successful listing of Kahan Packaging is a positive development for the SME sector. It will encourage other small and medium-sized businesses to go public and raise capital to fund their growth plans.