Finomis Wealth Solutions is an integrated financial service firm that specializes in offering an array of customized solutions to individual & institutional investors.
Fund Performance
Identify these factors before starting on an investment journey: Neil Parag ParikhNeil Parag Parikh, CEO of PPFAS Mutual Fund, stresses the importance of emergency funds and having a proper plan for investing taking into account short, medium, and long-term goals. He advises people not to invest based solely on past returns or recommendations, but rather to do proper research and get an asset allocation done in accordance with their risk profile. He also considers behavioural biases as a factor to take into account when making investment decisions. 2023-03-31T16:31:00+05:30 Which mutual funds will help me to create a corpus of Rs 20 crore?If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-03-31T15:10:17+05:30 Open-ended, liquid funds preferable after India tax tweak-LIC Mutual Fund's IraniIndia amended a bill last week to tax investments in debt mutual funds as short-term capital gains, a move that could strip investors of the long-term tax benefits that had made such investments popular.2023-03-31T11:25:01+05:30 These 17 equity schemes never posted negative yearly returns in last 10 yearsETMutualFunds considered equity and equity-oriented schemes like large cap, mid cap, small cap, large & mid cap, multi cap, flexi cap, focused funds, aggressive hybrid funds, dynamic asset allocation/balanced advantage fund, and equity savings schemes for this study.2023-03-31T11:20:55+05:30 'Investors should review SIPs in debt, gold funds'From April 1, capital gains made on debt mutual funds, gold funds and international schemes will be added to taxable income and taxed according to the applicable income tax slab rate. The government made this unexpected announcemet in an amendment in the Finance Bill 2023.2023-03-31T08:34:05+05:30 Have I chosen the right mutual funds?If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-03-30T14:01:30+05:30 Dos and don'ts of last-minute tax planningIf you are planning to invest in tax saving mutual funds or equity linked savings schemes to save taxes, you should remember the following points.2023-03-30T11:53:39+05:30 India markets regulator allows private equity firms to own mutual fund companiesSEBI also prescribed more disclosures around environment, social and governance (ESG) issues.2023-03-30T09:28:46+05:30 Sebi modifies time limit for disclosure of NAV of international fundsThe new timeline will come into force from July 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular.2023-03-30T09:25:51+05:30 My niece may opt for new tax regime. Should she still invest in ELSS funds?If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-03-29T17:06:24+05:30 Only two equity schemes offered double-digit returns in three months in 2023Out of 491 schemes, only 42 schemes offered positive returns in the first three months of the year. Around 40 schemes offered single-digit returns.2023-03-29T12:59:18+05:30 This CEO sees bond funds as a better play in FY24 amid rise in yieldsSandeep Bagla, CEO of TRUST AMC, predicts that bond funds could perform well in 2024 due to increased yields and a potential decrease in inflation. He advises retail investors to turn to mutual funds rather than going direct to access equity markets as a fund manager has more resources to determine the long-term value of a company. Bagla believes that global diversification in 2023 could be better than in 2022 and suggests focusing on longer-term factors and values during periods of volatility. 2023-03-29T12:29:55+05:30 NFO Watch: 10 new mutual fund offers open this week. Should you invest?Three fixed maturity plans, two gilt funds, one dynamic asset allocation, ELSS, fund of fund, ETF, and index fund are currently open for subscription in the market.2023-03-29T10:57:37+05:30 How will the amendment in the finance bill 2023 affect debt mutual funds?In addition to debt mutual fund schemes, there are several other categories that are treated as debt for taxation, which will lose indexation benefits.2023-03-29T09:20:50+05:30 Sebi extends nomination deadline for mutual fund investorsThe markets regulator had earlier asked all the existing individual unite holders holding mutual fund units either solely or jointly to provide nomination by March 31, failing which the folios would be frozen for debits.2023-03-29T08:54:33+05:30 Indian mutual funds see debt inflows before tax tweak kicks in - fund managers"Overall, I do not see this as a big dampener for the entire debt category. Mutual funds provide liquidity, which is not available otherwise," said Devang Shah, co-head, fixed income at Axis Mutual Fund.2023-03-28T15:56:17+05:30 5 equity mutual funds that offered the best SIP returns last yearSystematic Investment Plans or SIPs have become synonymous with mutual funds. These days many investors say they are investing in SIPs when they want to say they are investing in mutual funds through the SIP route.2023-03-28T12:11:36+05:30 Investing in debt mutual funds before April 1 to claim LTCG tax? Remember these pointsMany investors are considering investing in debt schemes to claim long term capital gains tax. Is it a wise move? Where should you invest?2023-03-28T11:29:49+05:30 Who can continue to invest in debt mutual funds after March 31? Nilesh Shah explainsNilesh Shah of Kotak AMC states that investments made before 31st March 2023 will continue to get the benefits of long-term capital gains and indexation. However, investors in the upper tax bracket will have to pay higher taxes. Shah believes that the AMC industry will have to focus more on financial education, as investors must be smart in understanding how they park their money. There are also many other potential options in the mutual fund industry, such as short-term bond funds, floating rate funds, and guilt funds.2023-03-28T09:38:10+05:30 'A sharp fall in bank, non-bank deposits may have led to change in debt MF tax rules'"The withdrawal of indexation of debt fund gains can be seen more as a concerted attempt to move away from tax arbitrage and create a level playing field. Hopefully, tax rates will also be reduced over time to adjust for inflation," Bank of Baroda chief economist Madan Sabnavis said.2023-03-28T08:23:06+05:30 Mutual funds reopen international funds before new tax rules kick in from April 1At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.2023-03-28T06:08:47+05:30 Debt fund taxation changes to impact corporate bond demand - fund managers"Demand for above three-year corporate bonds would be impacted, and we could see some steepening of the curve right from one-year to five-year point, and spreads with government bond yields could see 10 basis points of widening" said Raju Sharma, head fixed income at IDBI Mutual fund.2023-03-27T15:38:01+05:30 LTCG tax on debt mutual funds gone, but don't commit these mistakes trying to tackle itEver since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions.2023-03-27T11:15:08+05:30 Mutual fund nomination deadline to end on March 31The deadline for all the existing mutual fund folios, including jointly-held ones, is on March 31. Failure to do so will result in the folios frozen for debits.2023-03-27T08:35:28+05:30 Mutual funds push debt schemes before tax deadlineFrom April 1, capital gains arising from investments in debt mutual fund schemes will be added to taxable income and taxed in line with the income tax slab rate. The government made this unexpected change as part of amendments in the Finance Bill last week.2023-03-27T06:36:31+05:30 Kotak Bluechip Fund: Fund reviewWe examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.2023-03-27T06:30:00+05:30 What is a MNC or Multi-National Company Mutual Fund? 5 things to knowMNC funds invest in a diversified portfolio of multinational corporations, typically across different sectors, such as technology, healthcare, consumer goods and energy.2023-03-27T06:30:00+05:30 Money matters to do before March 31, 2023There are various points to remember before the financial year ends, Here is a list of different areas one needs to check. 2023-03-27T06:30:00+05:30 It's advantage FD with debt mutual funds set to lose popularity"Fixed deposits will be at par with some debt schemes once the tax advantage is gone from a retail investor's perspective," said Ashish Shankar, MD and CEO, Motilal Oswal Private Wealth. "For HNIs and family offices, direct debt and structured debt will become more attractive."2023-03-25T07:08:34+05:30 Importance of fixed income schemes has been growing quite consistently: A Balasubramanian I also believe that the way the mutual funds have been playing the development role on the bond market, which I think is one of the most needed for the country as a whole, in addition to the equity market.2023-03-24T13:58:22+05:30 Invest in debt schemes before March 31 to enjoy indexation benefit: advisorsMany anxious investors are calling their advisors to talk about the tax treatment of their debt mutual fund investments. Advisors have been telling investors that all investments made before March 31,2023 will continue to enjoy LTCG and Indexation benefits. 2023-03-24T12:17:49+05:30 Indexation benefit available to debt mutual funds may goIndexation helps investors to bring down taxes as it calculates the taxes after accounting for inflation. In a high inflation environment, indexation brings down the taxes significantly.2023-03-24T09:35:53+05:30 E-wallets for investing in mutual funds should be KYC norms compliant: SebiThe Securities and Exchange Board of India, in its circular dated May 8, 2017, allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors, especially the young generation -- to purchase these instruments through both e-wallet and/or cash per mutual fund per financial year.2023-03-24T08:11:38+05:30 Want 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answerQuant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.2023-03-23T16:45:00+05:30 Can I sell my mutual fund investments, invest the money in ELSS?If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-03-23T15:37:37+05:30 18 ELSS mutual funds beat their benchmarks in 10 years; offer 12-17% returnsETMutualFunds looked at the ELSS category to see whether the schemes in it managed to beat their benchmarks over the 10-year period. There were 27 schemes in the ELSS category that have completed 10 years of existence.2023-03-23T11:10:38+05:30 Axis Mutual Fund aims to raise Rs 50 crore from new ETF fund of fundsBy investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.2023-03-23T08:29:07+05:30 Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund dealDeals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.2023-03-23T08:22:37+05:30 Fed increases rates by 25 bps but signals hikes are near an endThe move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.2023-03-22T23:38:58+05:30 8 small cap schemes offered more than 40% return in three yearsThe small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.2023-03-22T11:07:22+05:30 Valuation risk minimal in largecaps; good time to start investing for long term: Harsha UpadhyayaMidcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.2023-03-22T10:09:46+05:30 A Bala on why one shouldn’t worry about SIP cancellation, Adani debt exposureAditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.2023-03-22T09:21:37+05:30 Why you should hurry to provide nomination details in old MF foliosAccording to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.2023-03-22T08:59:58+05:30 With yields seen peaking, investors can look at long duration funds"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.2023-03-22T08:25:08+05:30 A win-win solution: A passive, hold-to-maturity, fully G-Sec productAs per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.2023-03-21T13:04:04+05:30 Silver ETF: Should you buy it as silver prices soar?Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.2023-03-21T12:53:48+05:30 NFO Watch: 20 new mutual fund offers open this week. Should you invest?Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.2023-03-21T12:15:22+05:30 Mutual funds to secure a monthly income of Rs 40,000If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-03-21T10:32:04+05:30 Why should you consider investing in passives or index schemes?For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.2023-03-21T09:44:45+05:30 D-Street indices fall on back of weakness in global marketsThe NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.2023-03-21T07:29:39+05:30
IPO Market Tracker: Here are the best & worst performers of FY23Headquartered in Hyderabad, Hariom Pipe is a premium manufacturer of iron and steel products. The company has a diverse product portfolio consisting of mild steel billets, pipes and tubes, hot rolled coils and scaffolding systems.2023-04-01T12:48:22+05:30 Avalon Technologies raises Rs 389 crore from anchor investorsRecently, Avalon completed a total pre-IPO placement of Rs 160 crore consisting of 80 crore of primary or fresh issuance and 80 crore of secondary share sales. In the pre-IPO placement, the company garnered Rs 60 crore each from UNIFI Financial Private Limited and Ashoka India Equity Investment Trust Plc and Rs 40 crore from India Acorn Fund Limited.2023-04-01T12:14:58+05:30 SME IPO: Sancode Technologies subscription status on Day 1, GMP and more detailsThe IPO comprises fresh issue of 10.95 lakh shares and plans to raise about Rs 5.15 crore from the public offer. About 57,000 equity shares of the company aggregating to Rs 26.79 lakh have been reserved for the market maker.2023-03-31T16:43:19+05:30 Udayshivakumar Infra IPO: Will shares deliver a listing pop or disappoint D-St? What grey market signalsAccording to market sources, the shares of Udayshivakumar are commanding a premium of Rs 7-8 in the unlisted market on Friday. If we consider the upper end of the price band, the company's shares are expected to get listed at a premium of 20% over the offer price.2023-03-31T15:59:59+05:30 Oyo pre-files confidentially for smaller IPOPre-filing, introduced by the Securities and Exchange Board of India in November last year, allows the details of the preliminary filing to be kept confidential, unlike in the normal filing where the DRHP becomes a public document. This option provides companies greater flexibility on the issue size during the initial stage, and they can change the amount of freshly issued shares in the proposal by up to 50% till an updated DRHP is filed.2023-03-31T14:29:50+05:30 Digit Insurance re-files IPO papers after regulator concernsThe IPO comprises a fresh issue of shares worth 12.5 billion rupees ($152.1 million) and an offer for sale of 109.4 million shares, according to the draft prospectus - unchanged from its last filing - dated March 30.2023-03-31T13:01:19+05:30 SME IPO: MOS Utility issue to open for subscription on March 31. Should you subscribe?For the quarter ended September 2022, the company reported a revenue of Rs 53 crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in FY22 and FY21 as well. A large portion of the company’s revenue is generated in utility services.2023-03-29T20:43:53+05:30 Avalon Tech IPO offers exposure to the fast growing electronics manufacturing sector​​ The total customer count has increased to 89 with an outstanding order book of Rs 1190 crore at the end of November 2022, compared with 72 a year ago when it had an order book of Rs 918 crore. The company has net debt of Rs 304 crore in the first eight months of FY23, compared with Rs 250 crore in the year-ago period. The 6S market contributes 57% to the revenue while the balance is from India.2023-03-29T17:33:36+05:30 SPC Life Sciences files DRHP for proposed IPOThe company develops pharma intermediates and works with pharmaceutical companies who seek USFDA compliant manufacturing facilities as a part of their supply chain.2023-03-29T17:31:02+05:30 Netweb Technologies files DRHP to raise funds via IPOThe company, in consultation with the lead bankers to the issue, may consider a pre-IPO placement aggregating up to Rs 51 crore. If such placement is completed, the fresh issue size will be reduced.2023-03-29T13:45:50+05:30 Avalon Tech's Rs 865-crore IPO to open on April 3The IPO consists of a fresh issue of ₹320 crore and an offer for sale (OFS) of shares worth ₹545 crore by promoters and existing shareholders. The company will use the proceeds from the fresh issue for debt payment, working capital requirements, and general corporate purposes.2023-03-29T06:05:37+05:30 Udayshivakumar Infra IPO share allotment likely today. Here's how you can check the statusAccording to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has risen in the past few days to around Rs 15 currently.2023-03-28T16:40:21+05:30 Alibaba splits into six units that may pursue individual IPOs“Each business group and company can pursue independent fundraising and IPOs when they are ready,†Zhang said in a statement.2023-03-28T15:15:47+05:30 J G Chemicals receives Sebi approval for IPOThe company had filed preliminary IPO papers with Sebi on January 4, 2023. The IPO consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.7 million equity shares by its existing shareholders and promoters.2023-03-28T14:18:24+05:30 Avalon Technologies IPO to open on April 3, price band fixedAccording to market sources, the company's shares are being enquired for a premium of Rs 25-30 in the unlisted market. The company is yet to announce the price band for the IPO.2023-03-28T12:08:29+05:30 Avalon Technologies IPO: 10 things to know about this public offerAvalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others2023-03-27T16:56:27+05:30 SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwindsIn the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.2023-03-27T15:10:27+05:30 Mamaearth IPO on hold amid subdued market conditions: ReportBacked by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode", a Reuters report said, citing turbulence in stock markets globally amid worries about the financial health of banks.2023-03-27T12:06:07+05:30 Avalon Technologies' Rs 865 crore-IPO to open for subscription on April 3The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.2023-03-26T13:46:30+05:30 Sotac Pharmaceuticals among 3 IPOs scheduled for subscription this weekSteel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 632023-03-26T11:08:07+05:30 Avalon Technologies' Rs 865-cr IPO to kick off on Apr 3The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).2023-03-25T14:54:07+05:30 Jaipur-based Motisons Jewellers files DRHP with Sebi for IPOThrough the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.2023-03-25T12:40:42+05:30 Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.2023-03-23T14:56:23+05:30 Non-banking lender SBFC cuts IPO size, refiles papers with SebiAbout 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.2023-03-22T18:41:59+05:30 Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP fallsAccording to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.2023-03-22T14:58:33+05:30 Jupiter Hospital likely to file for ₹1,100 crore IPO soonThe proposed IPO will have both fresh issue of shares and offer for sale components.2023-03-22T10:25:47+05:30 MobiKwik eyes fresh IPO in 12-18 months“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,†Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.2023-03-22T07:04:33+05:30 Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentimentsAccording to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.2023-03-21T13:14:16+05:30 IndiaFirst Life Insurance gets SEBI approval to float IPOIndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.2023-03-21T11:16:57+05:30 SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premiumManaging director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.2023-03-20T17:31:08+05:30 Udayshivakumar Infra IPO subscribed 58% on Day OneAccording to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.2023-03-20T13:27:44+05:30 Global Surfaces IPO share allotment expected today. How to check statusAccording to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.2023-03-20T09:52:24+05:30 Udayshivakumar Infra IPO opens for subscription. Should you bid?The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.2023-03-20T09:30:55+05:30 Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cosThe six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).2023-03-19T11:32:02+05:30 Govt approves listing of state-owned IREDA by selling part stakeDIPAM will drive the listing process for which the Centre had given initial approval in 2017.2023-03-17T20:10:05+05:30 Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other detailsAbout 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).2023-03-17T13:29:37+05:30 Maiden Forgings to launch IPO next week; aims to raise Rs 24 croreOut of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.2023-03-17T11:16:11+05:30 Another FPO on cards for Patanjali Foods; process to start from April: Baba RamdevIn an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.2023-03-16T14:41:12+05:30 Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.2023-03-16T10:30:19+05:30 White label ATM provider India1 Payments defers IPO plansIt is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.2023-03-15T22:20:00+05:30 Global Surfaces IPO subscribed 12.21 times on Day 3According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.2023-03-15T13:40:22+05:30 Divgi TorqTransfer lists at 5.1% premiumThe ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.2023-03-15T06:01:00+05:30 Global Surfaces IPO fully subscribed on Day 2Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO2023-03-14T13:45:34+05:30 SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other detailsThe proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.2023-03-13T21:39:12+05:30 Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors2023-03-13T14:37:04+05:30 Global Surfaces IPO: Check subscription status, GMP and other detailsThe company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band2023-03-13T14:24:03+05:30 Global Surfaces IPO opens. Should you subscribe to the issue?Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.2023-03-13T09:26:28+05:30 Global Surfaces among 5 IPOs that will open for subscription this weekThe price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter2023-03-12T13:38:21+05:30 Global Surfaces IPO: 10 things you must know before investingGlobal Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process. 2023-03-12T10:47:56+05:30 Tata Technologies IPO: 10 things to know about the public offerThe size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.2023-03-11T13:32:49+05:30
