Esconet Technologies made a remarkable debut, entering the market at a staggering 245.2 percent premium over the IPO price on February 23. The stock opened at Rs 290 on the NSE SME platform, surpassing the issue price of Rs 84, following an IPO that witnessed oversubscription by 500 times. The listing performance exceeded expectations, with […]
An extraordinary general meeting (EGM) convened by investors of Byju’s to remove the company’s CEO and founder, Byju Raveendran, encountered several disruptions, as unidentified individuals allegedly attempted to sabotage the proceedings, according to sources familiar with the matter. Sources revealed that completing the roll call and verifying attendees took over an hour due to hundreds […]
Nvidia’s stock soared over 16 percent to reach a record high of $785.38 on February 22, bolstering its market capitalization by approximately $277 billion and nearly reaching a total market value of $2 trillion. This surge surpassed the $197-billion increase observed by Meta, the parent company of Facebook, earlier in the month, marking the largest […]
Sona BLW Precision Forgings, known as Sona Comstar, saw a 5 percent rise in its shares to Rs 643 during morning trade on February 23, following its distinction as the first automotive component manufacturer to attain certification under the Auto Production Linked Incentive (PLI) scheme. Under the PLI scheme, the company submitted seven applications for […]
Atmastco stock saw a solid debut, opening at an 18.2 percent premium over the IPO price on February 23, starting at Rs 91 compared to the issue price of Rs 77 on the NSE SME platform. Before the listing, the shares commanded a 7 percent premium in the grey market, an unofficial trading platform where […]
Mumbai-based startup QubeHealth, specializing in healthcare payments, is currently in discussions to secure $6-9 million in a Series A funding round over the next three to four months. The funding is expected to come from a Japanese fund and a Singaporean fund, with participation from existing investors such as Inflection Point Ventures, Keiretsu Forum, Axiomatic […]
Interiors and More witnessed a strong market debut, opening at Rs 270 per share on the NSE SME platform, marking an 18.9 percent premium over its IPO price of Rs 227 on February 23. Prior to listing, the stock commanded a 15 percent premium in the grey market, an informal trading ecosystem where shares trade […]
Vodafone Idea Limited witnessed an 8 percent surge to Rs 17.60 during morning trading on February 23, marking a second consecutive day of gains subsequent to a 6 percent increase in the preceding session. The upward trend is attributed to an announcement made by the telecommunications company, stating that its board of directors is scheduled […]
Mumbai-based stabiliser manufacturer Platinum Industries will float its public issue as a complete issue of fresh shares on February 27 and the anchor book will open for a day on February 26. Key Details 1.) IPO Timeline The IPO subscription window opens on February 27, 2024, and closes on February 29, 2024. 2.) Pricing Range […]
Exicom Tele-Systems Limited’s initial public offering (IPO) is a book-built issue targeting Rs 429 crore. The subscription will commence on February 27, with the anchor book opening on February 26. The IPO includes a fresh issue of 2.32 crore shares valued at Rs 329 crore and an offer-for-sale of 70 lakh shares worth Rs 100 […]