The ₹179.39 crore Initial Public Offering (IPO) of Mamata Machinery begins today, Thursday, December 19, and will remain open for bidding until Monday, December 23. The company is offering its shares at a price range of ₹230-243 each, with a minimum application of 61 equity shares and in multiples thereafter. Company Overview Established in April 1979, Ahmedabad-based Mamata Machinery specializes...
Investcraft Market Updates
The companies set to be listed this December are outlined below: Company Name Open Date Closing Date IPO Type IPO Size (₹ Cr.) Price Band (₹) Unimech Aerospace 23 Dec 26 Dec Mainboard 500 745 to 785 Carraro India 20 Dec 24 Dec Mainboard 1,250.00 668 to 704 Senores Pharmaceuticals 20 Dec 24 Dec Mainboard 582.11 372 to 391 Ventive Hospitality 20 Dec 24...
December is on track to record the highest number of IPOs in nearly 17 years, with 15 companies collectively raising approximately ₹24,950 crore this month. This marks the busiest IPO period since February 2007, which saw 18 offerings. The ₹24,950 crore raised this month makes December the third-best month of 2024 for IPO fundraising, following October (₹38,689 crore from six IPOs) and November...
Ventive Hospitality IPO Details: Price Band: ₹610-₹643 per share (face value Re 1). Subscription Dates: December 20-24, 2024. Anchor Investor Allocation: December 19. Lot Size: 23 shares and multiples thereof. Investor Allocation: QIBs: 75%, NIIs: 15%, Retail: 10%, Employees: ₹10 million reserved. Key Dates: Allotment Finalization: December 26 Refunds/Share...
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...
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...