IPOs - Angel One

There’s a “sell” call regarding India among the foreign portfolio investors (FPIs). Foreign portfolio investors will have invested around Rs. 23,000 crores in the Indian capital markets as of 2021. However, they have taken out a vast sum from the stock markets around concerns of valuation. This contrarian game plan sparks some surprise and caution. …

An allied insurance company, Star Health, is planning to raise about 7,500-crore in an initial public offering (IPO) that is expected to open by the end of this month. The offer, which would be the third-largest after Paytm and Zomato, is likely to open by the end of November. The opening and closing dates of …

A SEBI-constituted advisory committee has reportedly decided to allow foreign portfolio investors to trade in non-sensitive commodity futures contracts. As per news reports, the Commodity Derivative Advisory Committee (CDAC) has given the nod as it believes that opening up the commodity derivatives market to FPIs would deepen and strengthen the market. A decision to let …

An Overview To shield themselves from the risks of high valuations, foreign portfolio investors (FPIs) have adopted a switch-trade strategy. They reduced their exposure to the IT sector in October when values hit a 15-year high while increasing allocation to cyclical banks and automobile businesses, where valuations are lower. According to NSDL statistics, FPIs sold …

The initial share sale of prime labware products manufacturer Tarsons Products concluded for subscription on 17 November 2021. This IPO saw strong demand from investors on the closing date, garnering a massive subscription of 77.49 times. The size of the issue, amounting to Rs. 1,023.47 crores consisted of fresh issue of equity shares worth Rs. …

ITC InfoTech, the wholly-owned subsidiary of ITC Limited, will face a demerger in the coming months. A person close to the company has recently confirmed the same, on the conditions of anonymity. A leading news agency has earlier reported that ITC’s board will meet up to discuss the demerger of its IT services wing. The …

The initial share sale of Tarsons Products was subscribed for 77.49 times, on the third and final bidding day, i.e., 17 November 2021. Public offering of the company managed to receive bids for 84,02,81,684 shares, against the allotment of 1,08,44,104 shares in total. With more than three decades of experience in the service and production …

PB Fintech, the group that owns websites PolicyBazaar and PaisaBazaar, saw its shares listed at a premium of 23%. This premium is against the issue price of Rs. 980 as of 15 November 2021. So, let’s delve into knowing more about the IPO and the subsequent performance of PB Fintech below. Highlights of PB Fintech …

India’s capital market regulator Securities and Exchange Board of India, has proposed the utilisation of IPO funds. The target here is to limit the funds raised via IPOs that firms can use for the purpose of mergers and acquisitions unless they are clearly stated beforehand. Additionally, monitoring the funds reserved for general corporate purposes is …

Foreign portfolio investors are now reportedly turning their gaze to the primary market in India. According to news reports, FPIs have invested over Rs 46,000 crore in the primary market thus far in 2021. Data from reports suggest that FPIs have collectively invested over $2 billion in three leading initial public offerings (IPOs) by payments platform …