IPO - Angel One - Page 250

InvIT is a unique investment vehicle aimed to create a source of income for investors by investing in infrastructure projects. Powergrid InvIT will invest in various infrastructure development projects to strengthen interstate power transmission – its primary mission. Infrastructure investment trust (InvIT) functions like a mutual fund, allows investors to invest in various infrastructure assets …

Powergrid InvIT IPO opens for subscription today. It is the first-ever InvIT IPO by a public sector unit and creating a lot of buzz in the market. For interested investors, it is critical to know the highlights of the offer to make a sound decision. InvIT IPO is different from the common IPO shares issued …

Powergrid InvIT IPO that opened for subscription is seeking to raise Rs 7,734 crores from the market. The offer size comprises fresh equities and secondary components from selling unitholders. Following the news of InvIT, Powergrid share prices jumped 4.5 percent, rallying day’s high at Rs 212.90 per share in BSE. Powergrid InvIT IPO is significant …

Initial Public Offerings worth Rs. 20,000 crores are planning to be launched in October due to ample liquidity and favourable secondary market conditions. Resultantly, the primary market will stay pretty occupied during the month of October 2021. This is massive compared to the IPO launch in the previous month. Companies like Sansera Engineering, Vijaya Diagnostic …

ACC Ltd, the popular cement maker, witnessed a two-fold increase in consolidated net profit during the second quarter (April-June) of Jan-Dec fiscal year. It reported a net profit of Rs. 569.45 crores at the end of June 2021. Same time last FY, the company managed to rake in around Rs. 271 crores. This increase in …

Indian Railway Finance Corporation IPO will open on January 18, 2021, and the three-day subscription window will remain open until January 20, 2021. The market is currently abuzz with anticipation since it will be the first big IPO launch of the new year. It also happens to be the first PSU NBFC to make a …

Known Indian jewellery brand Kalyan Jewellers has filed DRHP (draft red herring prospectus) seeking approval to launch IPO scrips in domestic bourses. In its filing, the company said that it is looking to raise Rs 1,750 crores from the market. The offer will contain fresh scrips worth Rs 1000 crores and offer for sales scrips …

The big news for India’s IPO segment has turned bigger. As indicated by the recent developments, the government may stamp the proposal to divest up to 25 percent stakes in LIC to incentivise investors’ interest. Life Insurance Corporation IPO launch is going to be the largest in Indian IPO history. Initially, experts assumed that the …

As more IPO waves are reaching to the shores of Dalal Street, it’s time for UTI AMC to try luck with the investors, who have passionately participated in recent IPOs launched. Taking inspiration from other companies which have hit a home run with their IPO launch, UTI AMC prepares to float its proposal next week. …

Amid the pandemic, pharmaceutical, and speciality chemical producing firms are seeing their business booming, and they have given an acceptable performance in the share market also. In July, Rossari Biotech was the first company to launch IPOs during the lockdown phase, was also a speciality chemical manufacturing company. Following its footsteps, five more companies, including …