India's alternative investment market is rapidly growing, outperforming public markets, and is projected to increase more than five-fold to $2 trillion in the next decade, according to Avendus' December report “India Goes Alternatives”. The growth is driven by a rising number of High Net Worth Individuals (HNIs), increased interest in advanced investment strategies, and a favorable...
December 2024
The share allotment for Mobikwik Systems Limited's initial public offering (IPO) will be finalized on Monday, following strong investor interest. Among three IPOs open for bidding last week, Mobikwik attracted the highest subscriptions. The bidding for the Mobikwik IPO closed on December 13, 2024. The IPO was oversubscribed by 119.38 times overall. Retail investors dominated the process with a...
In 2024, IPO anchor investments reached an all-time high of ₹45,650 crore, with foreign institutional investors (FIIs) contributing ₹25,300 crore—their highest since 2021—and mutual funds (MFs) investing a historic ₹20,351 crore, more than triple their previous year's contribution. However, for the first time in two years, FII investments outpaced MFs, exceeding their contributions by nearly...
SEBI has introduced a proposed framework to enable retail investors to participate in algorithmic trading. Under this framework, brokers will require exchange approval for each algorithm and its updates. All algo orders will be assigned a unique identifier for tracking purposes. Retail investors creating their own algorithms will also need to register them. SEBI has invited public feedback on this...
The ₹8,000-crore public issue of Vishal Mega Mart, a leading retail chain, is set to close today, Friday, December 13, 2024. So far, the IPO has witnessed solid investor interest, with bids for 1,42,42,53,490 shares against the 75,67,56,757 shares available, resulting in an overall subscription of 1.88 times, as per NSE data. The strongest demand has come from Non-Institutional Investors (NIIs), whose...
The Mobikwik Systems Limited IPO continued to generate significant interest on its second day, after a stellar opening on December 11, 2024. The IPO was fully subscribed within the first hour of launch and ended Day 1 with 7.31x subscription. By 10:35 AM on Day 2, bids were received for 10.48 crore shares, compared to the 1.18 crore shares available. Retail investors led the way with bids for 6.79 crore...
Travel Food Services, a major operator of quick-service restaurants and lounges in airports across India and Malaysia, has filed draft papers with SEBI for a ₹2,000-crore initial public offering (IPO). Offer Details: Entirely an offer-for-sale (OFS) by the Kapur Family Trust, with no proceeds going to the company. Presence: Operates 397 outlets and 31 lounges across 14 airports in...
The capital markets regulator SEBI has approved the IPO of DAM Capital Advisors, a boutique investment bank led by seasoned banker Dharmesh Mehta. The IPO will be entirely an offer-for-sale (OFS), with proceeds going to the selling shareholders. Nuvama Wealth Management is the sole merchant banker for the issue, and Link Intime India is the registrar. DAM Capital has shown strong growth, achieving a...
The Union government has decided to include solar cells in the Approved List of Models and Manufacturers (ALMM) starting June 1, 2026, to strengthen domestic manufacturing. This move expands the ALMM's scope, which previously included only solar modules, allowing manufacturers to import cells for module production in India. Currently, the ALMM requires solar projects funded by central and state agencies...
Union Textile Minister Giriraj Singh announced that India’s textile market is set to expand from $176 billion to $300 billion, reflecting a strong growth trajectory under PM Modi’s leadership. Speaking at the National Institute of Fashion Technology (NIFT) convocation in Hyderabad, Singh highlighted the sector's potential to drive employment, noting that each NIFT graduate could generate jobs for up to...