The upcoming week is expected to see rangebound market movement, with investors focusing on key central bank meetings, including the U.S. Federal Reserve (FOMC), Bank of England (BoE), and Bank of Japan (BoJ). Other critical factors include developments in the global trade war and China’s retail sales and industrial production data. Market Recap & Outlook…
Tata Capital Ltd. is aiming for a valuation of up to $11 billion in what could be India’s largest initial public offering (IPO) this year, according to sources familiar with the matter. The financial services arm of Tata Group is expected to raise as much as $2 billion through the public offering. The company’s board…
The International Gemmological Institute (IGI) India, supported by Blackstone, has taken a significant step towards its Initial Public Offering (IPO) by filing draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 4,000 crore. This IPO consists of a combination of fresh equity issuance and an offer-for-sale by the promoter. IPO…
Platinum Industries Ltd., a leading multi-product company specializing in manufacturing stabilizers and lubricants, has successfully secured Rs. 70.59 crore from anchor investors in anticipation of its forthcoming initial public offering (IPO). The IPO is set to open for public subscription on Tuesday, February 27, 2024. Notably, the company allocated 41,28,237 equity shares at a price…
Exploring the IPO Journey of Wise Travel India Limited Wise Travel India Limited, a leading innovator in India’s urban mobility sector, is embarking on its IPO journey. This document delves into the company’s initial public offering (IPO) process, providing insights into its growth potential, market positioning, and strategic objectives. With a formal tone, it offers…
Hyundai has selected JP Morgan, Citi, and HSBC as advisors for the planned mega IPO of its Indian arm. The decision to enlist these financial institutions reflects Hyundai’s strategy to leverage their expertise and global network in executing a successful initial public offering. The move is part of Hyundai’s efforts to capitalize on the growing…
