Premier Energies shares fall 13% after multibagger listing. Should you buy, sell or hold?
Shares of Premier Energies took a sharp fall of 13.4% after opening at a 120% premium. The IPO was highly subscribed, driven by strong investor interest. Analysts suggest that despite competitive industry conditions, Premier Energies strategic positioning offers potential for long-term growth. Investors are advised to consider profit booking or apply a stop loss strategy. Key Points
Economic TimesNo kidding! Like for main board, long view’s better for SME IPOs
An ETIG analysis of the SME issues floated since the beginning of 2021 when the IPO rush began in this segment reveals that unlike the popular belief, majority of the listed SMEs failed to earn huge listing gains. On a one-year horizon, however, they were able to retain and even surpass their listing gains making a case for long-term holding period. Key Points
Economic TimesHappy Forgings lists with 17% premium; Credo Brands, RBZ Jewellers see muted stock market debut
New Delhi [India], December 27 (ANI): Wednesday saw the listing of three initial public offerings on Indian stock exchanges. Happy Forgings listed with a 17 per cent premium, while Credo Brands and RBZ Jewellers made their debuts largely on a muted note. Happy Forgings listed at Rs 1,000 per share compared to its IPO issue […] Key Points
ThePrintDOMS Industries shares soar nearly 80% over IPO price. Should investors book profits?
DOMS stock was listed at Rs 1400 as against an offer price of Rs 790. Most estimates were predicting listing gains to be in the range of 60-65%. It extended gains to Rs 1434. The strong listing can be attributed to the company's solid performance over the past three years, marked by significant growth in revenue and profitability. Key Points
Economic TimesDOMS Industries vs India Shelter listing: Here’s all you need to know
Shares of both DOMS Industries and India Shelter made impressive stock market debuts, in line with what analysts had predicted. Both DOMS and India Shelter IPOs have provided a substantial listing pop to investors. Key Points
India Today
Beyond The listing Day: Understanding the short-term dynamics of mega listing IPOs
Given the substantial gains witnessed on listing days for recent IPOs, it's understandable why investors are eager to participate. Once investors successfully secure allotments, the next dilemma arises—whether to swiftly sell the shares at the peak of their listing gains or to ride the momentum for a while longer. Key Points
Economic TimesNirmala Sitharaman says Indian firms will soon be allowed to directly list their shares oveseas
Finance Minister Nirmala Sitharaman on Friday said that Indian companies can now go in for direct listing on foreign exchanges and the International Financial Services Centre (IFSC) in Ahmedabad. The provisions for direct overseas listing were approved by the government, as part of the Covid relief package announced in May 2020, but the rules in this regard are yet to be notified, reported PTI. Key Points
Economic TimesSurf Air Mobility shares slump 75% in NYSE debut
Electric aviation and regional air travel company Surf Air Mobility (SRFM.N) shares slumped 75% below their reference price in a direct listing on Thursday. Key Points
ReutersBoard meet outcome: Sebi cuts listing time to 3 days from IPO closure
Sebi has approved a proposal to reduce the time period for listing shares for initial public offerings (IPOs) from 6 days to 3 days. The new timeline will be implemented in two phases, with voluntary compliance starting from September 2023 and mandatory compliance from December 2023. The move aims to simplify the IPO process and benefit both issuers and investors by allowing issuers to receive funds and allottees to receive securities more quickly Key Points
Economic TimesIndia Shelter Finance shares list at 25% premium over IPO price
The shares of India Shelter Finance listed at Rs 618 apiece on the stock exchanges, marking a 25 per cent premium over the issue price of Rs 493. The strong listing was in line with what analysts and experts had predicted earlier. Key Points
India Today
New year wishlist for Mukesh Ambani from 37 lakh shareholders of Reliance Industries
While it is not known what's on the top of to-do list for Mukesh Ambani in 2024, investors of Reliance Industries are anxiously awaiting the listing of Reliance Jio and Reliance Retail. The IPOs will not only lead to value unlocking for 37 lakh shareholders of RIL but can also act as a re-rating trigger. Key Points
Economic TimesBeauty turns into beast! Mamaearth shares drop 21% from IPO price
Mamaearth stock has been on a downward spiral since its listing on November 7. Against the initial public offering (IPO) issue price of Rs 324, the stock got listed at a 2% premium at Rs 330 and hit a high of Rs 340.45 on an intraday basis on the listing day. Key Points
Economic TimesIndian companies can go for overseas listing: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday said domestic companies could now go in for direct listing on foreign exchanges and the International Financial Services Centre (IFSC) in Ahmedabad. Direct listing will allow Indian companies to access foreign funds on various exchanges overseas. Key Points
The Tribune IndiaAkasa Air CEO says listing on exchanges not possible by 2027, end of decade ‘much realistic goal’
“We may have to gather a little more history before we can list. Certainly, listing or an IPO is something that we would desire,” Akasa Air CEO Vinay Dube said. Key Points
mintWill Senco Gold deliver listing gains for investors on Friday? Here's what GMP suggests
Senco Gold is likely to debut on the stock market at a premium of around 37%, with grey market premiums sitting at approximately INR115-120 ($1.54-$1.60) ahead of listing, according to industry sources. The INR405 crore ($54.2m) IPO was well subscribed, with the QIB-pool generating 180 times coverage. Key Points
Economic Times
Sebi proposes to cut down IPO listing timeline to 3 days from 6 days
India's capital markets regulator, Sebi, has proposed to reduce the time taken for the listing of shares on stock exchanges after initial public offerings (IPOs) to three days from six days at present. The move is expected to be beneficial to issuers and investors. Sebi has sought input from the public until 3 June on the proposal, which came after extensive tests and simulations involving stakeholders such as sponsor banks, depositories, registrars, NPCI and stock exchanges. Key Points
Economic TimesCyient DLM IPO listing date announced. GMP, experts signal strong debut of shares
Cyient DLM IPO listing date: The IPO is set to be listed on BSE and NSE in a special pre-open session on 10th July 2023 i.e. on Monday next week Key Points
mintHyundai IPO: Should you buy shares after its listing?
While the buzz surrounding the IPO is palpable, many brokerages are urging investors to take a cautious approach. They advise looking at Hyundai’s long-term growth potential rather than getting caught up in the excitement of quick listing gains. Key Points
India TodayTata Tech closes 165% higher on market debut: A look at 5 stocks that beat the Tata Group stock at listing gains
The Tata Tech listing was the best listing of 2023 and also the best since November 2021. However, overall till date, some stocks have performed better than this Tata Group stock in listing gains. Key Points
mintINOX India GMP soars 80% ahead of listing. Another bumper IPO debut on cards?
According to experts, INOX India is all set for a strong stock market listing, given the strong investor interest around its IPO. In fact, the latest GMP trends also suggest that the IPO could offer a significant listing pop to investors. Key Points
India Today
LIC hits lowest close since listing, down 39%
Shares of LIC closed at their lowest level since listing, at Rs 536.95, on Tuesday. Key Points
FinancialexpressRecap at India's biggest IPOs as Hyundai files paper for public listing
Hyundai plans to sell up to 17.5% of its stake in its public offering and will not be issuing new shares in its upcoming IPO. Key Points
India TodayInterarch Building Products shares make strong debut, lists at 44% premium
Interarch Building Products IPO listing: The shares opened at a premium of 43.47% on BSE, listing at Rs 1,291.20. Key Points
India Todaylisting gains hard to come by in 2024 amid small & midcap selloff
Selloff in mid-cap, small-cap stocks affected IPOs' listing gain predictability. Market volatility, stretched valuations, March decline in NSE's Mid-cap 150, Small-cap 250 indices influenced debut performances. JG Chemicals, RK Swamy, Gopal Snacks, Popular Vehicles, and Krystal Integrated closed below their IPO prices on the opening day. Key Points
Economic TimesDream run! Samvat 2079 IPOs have 90% success rate and 6 multibagger triumphs
Six IPOs have turned multibaggers in Samvat 2079 with the highest return of over 300% by Kaynes Technology. The other offers which have delivered over 100% returns till date include Plaza Wires, Cyient DL, Global Health, Senco Gold and Utkarsh Small Finance Bank. Key Points
Economic Times
Team Ambani bought 6.1 crore shares of Jio Financial after listing
September quarter shareholding data shows the promoters have bought 6.1 crore shares. In the meantime, mutual funds have decreased their ownership from 6.27% to 4.71%. FIIs too have reduced holding to 21.58% from 26.4% at the time of listing. Key Points
Economic TimesIPO count rises in 2023, but amount lags
India Business News: In 2023, 58 IPOs were listed, raising nearly Rs 49,500 crore. The absence of mega-issues made it the fourth-highest grosser in the past 10 years. Inve Key Points
Times Of IndiaSRM Contractors IPO listing date today. Here's what GMP, experts suggest about share debut
SRM Contractors IPO listing scheduled for today at 10:00 IST on BSE and NSE. Shares to be listed in pre-open session. Trading to start at 10:00 IST. Key Points
mintBumper debut! DOMS Industries shares list at 77% premium over IPO price
Shares of DOMS Industries listed at Rs 1,399 on the National Stock Exchange (NSE), up 77.21 per cent over its IPO price of Rs 790 at 10 am. Key Points
India TodayUpdater Services lists at 5% discount to IPO price amid weak demand
Shares of Updater Services opened at Rs 285 on the National Stock Exchange and Rs 299.9 on the Bombay Stock Exchange, in contrast to its issue price of Rs 300. Key Points
India Today/cloudfront-us-east-2.images.arcpublishing.com/reuters/2SXGM6LH6JIWTIP46QL3EMSVHE.jpg)
Exclusive: SoftBank considering U.S. listing for PayPay payments business- sources
SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm. Key Points
ReutersExplained: Benefits of direct listing on GIFT IFSC Exchange
The Indian equity market boasts an impressive market cap of over US$ 3.8 trillion, with nearly all of it attributed to India-incorporated companies. In our article published in ET in 2022, we emphasized on encouraging foreign companies to list in India as their secondary listing destination and conversely Indian-promoted companies that are presently incorporated and listed exclusively outside India to opt for Indian exchanges as their secondary listing platform. Key Points
Economic TimesNasscom wants government to let overseas Indian startups list directly
Industry body Nasscom surveyed 139 startups. Of these, Nasscom said approximately 16.5% of Indian-origin startups have externalised legal structures and would consider raising equity capital through public listing in India if the regulations are amended to allow for a direct listing Key Points
Economic TimesYear-ender 2023: Who all moved my stocks in a record-breaking year?
Year-ender 2023: This tug-of-war between the bulls and the bears on Dalal Street was influenced by a zillion factors that unfolded during the course of the year. In this special year-ender 2023 section, ETMarkets has tried and wrapped all of those events. So, lets do a recap of all of those movers and shakers on D-Street. Key Points
Economic TimesTata Technologies leads the IPO bumper listing, Gandhar Oil, FedFina shares follow the suit
While Tata Technologies shares more than doubled investors' money upon listing, Gandhar Oil shares were also listed at a hefty premium of 76.33%. Fedbank Financial Services shares also gained momentum and traded higher after making a tepid debut. Key Points
mint
Five companies to launch IPOs worth over Rs 7,000 crore this week
The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. The money from one issue may not be available for the other; but except for that, the broader market may not see any effect, said Satyen Shah, president, Nuvama Investment Banking and Fixed Income. Key Points
Economic TimesValiant Laboratories shares to debut on Friday. What GMP signals ahead of listing
Considering the upper price band of Rs 140, the stock is likely to debut with a premium of 16%. The IPO was well-received by investors with a subscription rate of 29.76 times. Key Points
Economic TimesIRM Energy IPO listing date today. Here's what GMP, experts signal
IRM Energy IPO listing date has been fixed on 26th October 2023 i.e. today Key Points
mintInterarch Building Products shares list at 44% premium: Book profit or hold?
Interarch Building Products IPO listing: The shares opened at a premium of 43.47% on BSE, listing at Rs 1,291.20. Key Points
India TodayIndian stock indices touch fresh summits; firm growth outlook, foreign investments buoyed
New Delhi [India], December 20 (ANI): Indian stock indices – Sensex and Nifty – hit fresh highs at the opening bell Wednesday, due to a host of factors including a firm economic growth outlook and strong inflow of foreign investments. The indices had touched their all-time highs last week too. Show Full Article Sensex was […] Key Points
ThePrint
200 cr extortion case: HC seeks Delhi Police’s response in Pinky Irani’s bail plea
A single-judge bench of Justice Dinesh Kumar Sharma issued notice to the Delhi Police in Irani's bail plea directing them to file a status report listing it for hearing on May 23. Irani has moved the HC against the trial court's order of March 4 which had dismissed her bail plea. Key Points
The Indian ExpressJG Chemicals IPO listing date today. Here's what GMP, experts say on share debut
JG Chemicals IPO expected to list flat to muted at ₹221 per share due to subscription demand from all investors. Analyst advises cautious investors to book profit on listing day. Key Points
mintExicom Tele-Systems registers bumper listing. Book profit or hold?
The stock was listed at Rs 264 on BSE, a premium of 86 per cent over its issue price of Rs 142 apiece. Similarly, the stock was listed at a premium of 86.62 per cent on the given issue price at Rs 265 on the NSE. Key Points
India Today