The wholly-owned subsidiary of IT services company Cyient Is a supplier to global original equipment manufacturers in aerospace and defence, medical technology and industrial sectors
Sah Polymers will make its grand debut on the BSE and NSE on January 12. This would be the second listing since the beginning of New Year 2023, after Radiant Cash Management Services which had started the year on a strong note despite tepid IPO subscription and market correction.
Tata Technologies is one of the blue-chip stocks in the unlisted space, which investors seem to prefer over the new-age and loss-making businesses
The IPO consists of a fresh issue of Rs 202.50 crore and an offer for sale of upto 5.70 million shares by its existing shareholders and promoters.
Radiant Cash Management Services opened higher at Rs 103 against the issue price of Rs 94.
Sah Polymers IPO | The customised bulk packaging solutions provider launched its Rs 66.3-crore public issue for subscription on December 30, with a price band of Rs 61-65 per share.
Much lower-than-expected response to its IPO caused the maximum pain to the listing performance, though equity market volatility can be another reason.
Sky-high valuation, exorbitant advertising spends, and inconsistent profit have caught the attention of netizens
This is because the grey market premium (GMP) is nil as of now, said market participants
The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO).
The portion set aside for retail investors and high networth individuals were fully booked on first day itself. Retail investors subscribed 4.57 times the allotted quota, while HNIs quota fetched 1.43 times bids.
The company is an integrated player involved in designing, developing, manufacturing and supplying electrical automation devices; metering, control and protection devices; portable test and measuring instruments; and solar string inverters.
The Sebi has asked the company to update risk factors, its key performance indicators, pending lawsuits, and the basis for valuation in the its DRHP.
Elin Electronics traded with a volume of 6.75 lakh shares on the BSE and 80.19 lakh shares on the NSE.
Sah Polymers IPO | The IPO is a fresh issue of 1.02 crore equity shares. There is no OFS component to the issue. Sah Polymers’ profit for FY23 grew by 244 percent to Rs 4.4 crore, while revenue climbed 46.2 percent to Rs 80.5 crore, compared to the previous year. Exports accounted for over than 55 percent of the topline.
Experts feel that investors should hold on to their shares with a mid-to-long-term perspective as they believe there is immense potential in the EMS industry in India.
Between December 20-22, Elin’s public issue was subscribed 3.09 times, with qualified institutional buyers (QIBs) putting in applications for 4.51 times the allotted quota
Though reasonably priced, the sour market sentiments, coupled with the under-par debut of recent IPOs, sank the hopes of a strong listing by this electronics manufacturing services provider.
This was the fifth weak debut this month. Landmark Cars, Abans Holdings, Sula Vineyards, and Uniparts India — all closed significantly lower on their first day out.
Sah Polymers says it has finalised allocation of 45.9 lakh shares at a price of Rs 65 per share, the upper end of price band.
A majority of the new issues in 2022 were either fully priced or overpriced. That did not seem to matter much when the market was booming. But as globally sentiments for equities soured, markets became a great teacher.
KFin stock price largely discounted all positives. Hence, analysts advised to hold the shares for long term citing asset-light business model, bright prospects, diverse products portfolio, and being a proxy play to mutual fund industry growth in India.
The IPO consists of a fresh issue of Rs 200 crore and an offer for sale of upto Rs 800 crore by its existing promoters and shareholders.
KFin Technologies provides services and solutions to asset managers and corporate issuers has raised Rs 1,500 crore via public issue which was entirely an offer for sale by promoter General Atlantic Singapore Fund Pte Ltd.