IPO update: Swiggy, Niva Bupa, Mobikwik, and 4 others are set to hit D-Street in Nov
Zomato rival Swiggy is expected to launch its IPO in the first week of November.
Zomato rival Swiggy is expected to launch its IPO in the first week of November.
IPOs of Waaree Energies and Deepak Builders and Engineers garnered strong response from retail as well as non-institutional investors.
The 1-month lock-in period will expire for 11 stocks, including Bajaj Housing Finance, Diffusion Engineers, Tolins Tyres, Kross, and Western Carriers.
The SME shares list flat at ₹117 despite commanding a 90% premium in the unregulated grey market, amid recent social media outrage.
Founder of Capital Mind, Deepak Shenoy, says the outrage is, probably, the unhappiness of missing out. "And no one's going to force you to buy this IPO."
The shares of Interarch Building Products listed at ₹1,299 on the NSE, a premium of 44.3% over the issue price of ₹900 apiece.
The capital raised from fresh equities will be used for the acquisition of IGI Belgium and IGI Netherlands from the promoter, says IGI India.
The IPO, a combination of fresh equities worth ₹1,291.40 crore and OFS of ₹1,539 crore, will open for subscription on August 27.
Manjushree Technopack, Unimech Aerospace and Manufacturing, and Innovision look to collectively raise around ₹4,000 crore via IPO route.
The logistics company plans to use ₹387.44 crore for setting up new processing centers with automation and new fulfilment centres.