Alpex Solar witnessed a remarkable debut on February 15, with its stock listing at a premium of 186% over the IPO price on the NSE SME platform. Opening at Rs 329 compared to the issue price of Rs 115, the stock’s performance surpassed expectations. Prior to its listing, Alpex Solar shares were trading at a […]
Rudra Gas Enterprise marked a robust debut on February 15, with its stock listing at a 90 percent premium to the IPO price. Trading on the BSE SME, the stock opened at Rs 119.7, significantly higher than the issue price of Rs 63. This listing performance was in line with expectations, as Rudra Gas shares […]
Nvidia has surpassed Google-parent Alphabet in stock market capitalization, securing the third position among U.S. companies just ahead of its upcoming fourth-quarter results announcement. The surge in demand for the Silicon Valley company’s chips, primarily used in artificial intelligence computing, has propelled its stock by an impressive 231% over the past year, reaching record highs […]
AI-driven travel company LE Travenues Technology, supported by investors such as SAIF Partners India IV, Peak XV, and Micromax, has refiled its draft documents with SEBI for an initial public offering (IPO). The IPO comprises a combination of fresh shares worth Rs 120 crore and an offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders, […]
The Vibhor Steel Tubes IPO continued to witness strong demand from investors on its second day of bidding, February 14. Investors subscribed for 29.14 crore equity shares, marking an oversubscription of 81.14 times compared to the issue size of 35.92 lakh equity shares. According to exchange data, non-institutional investors, particularly high net worth individuals, led […]
Earlier today, Rashi Peripherals IPO stock held a 13 percent premium in the grey market. Upon listing on February 14, the stock opened at a 9 percent premium over the IPO price, at Rs 339.5 on the NSE and Rs 335 on the BSE, missing analyst expectations of a double-digit premium from its issue price […]
Capital Small Finance Bank had a lackluster debut on the stock exchanges, opening at an 8.1 percent discount to its IPO price on February 14. The stock commenced trading at Rs. 430 on the NSE and Rs. 435 on the BSE, compared to the issue price of Rs. 468. Prior to its listing, the stock’s […]
Indian Railway Catering and Tourism Corporation (IRCTC) has posted a net profit of Rs 300 crore for the December quarter of FY24, marking a 17.4 percent increase from Rs 255.5 crore in the corresponding period last year. According to a regulatory filing on February 13, the company reported a revenue surge of 21.8 percent year-on-year […]
The Entero Healthcare Solutions IPO concluded with investors subscribing 1.53 times the shares on offer on its final day, with strong participation from qualified institutional buyers (QIBs) and retail investors. According to subscription data available on the NSE, 1.09 crore shares were subscribed against the 71.50 lakh shares reserved for the IPO. The QIB portion […]
Hindustan Copper, a state-owned enterprise, announced a 21.44% decrease in its consolidated net profit to Rs 63 crore for the quarter ending December 31, 2023, attributed to reduced revenue from operations. According to a filing with the BSE, the company’s net profit for the same period last year stood at Rs 80.20 crore. Revenue from […]