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Five prominent mutual fund managers decode Budget 2023"The Union Budget has a dual focus on growth and fiscal consolidation. The fiscal calculation is based on a nominal GDP growth projection of 10.5% which is credible. At the same time, the fiscal deficit target at 5.9% is largely in line with our estimates while the borrowing amount is slightly below our expectations."2023-02-01T14:42:21+05:30 Budget 2023: Debt mutual funds to gain from government’s lower fiscal deficit, borrowing numbersTo finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore. 2023-02-01T14:29:51+05:30 Sebi to be empowered to enforce norms, standards for education at NISM: FMGlobally, Sebi-run NISM is one of the largest financial market certifying institutions, issuing over 20 programme certificates covering various critical market functions such as sales, advice, operations and compliance across financial market products such as equities, derivatives of equity, currency, interest rates and commodities, mutual funds and pensions.2023-02-01T13:36:53+05:30 Budget 2023: Will the government's infra push help infrastructure mutual funds?Currently, there are 17 mutual fund schemes that invest in the infrastructure sector. Toppers in this category have offered 13-19% returns in one year.2023-02-01T13:19:21+05:30 How will Budget 2023 impact your mutual funds?The finance minister did not grant anything from the long wishlist in the budget. Sure, all the spending on infrastructure and sops to MSME would help economic growth and boost the sentiment in the stock market. 2023-02-01T13:03:11+05:30 Redemption of equity mutual funds to be fasterEarlier when you placed a redemption request before the cut-off time on Monday, you would get money on Thursday in your bank account. With the new system, you will get the money a day earlier — on Wednesday.2023-02-01T09:00:18+05:30 Mutual funds witnessed significantly lower inflows during April-November 2022: Economic SurveyAs per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively. 2023-01-31T16:10:58+05:30 Axis AMC looks to garner Rs 3,000 crore from business cycles fundThe open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.2023-01-31T15:55:03+05:30 Axis Mutual Fund launches Axis Business Cycles FundAccording to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic. 2023-01-31T11:18:28+05:30 Do your mutual funds have investments in battered Adani stocks?ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.2023-01-31T10:21:24+05:30 Why Target Maturity Funds are ideal for mutual fund investors at this junctureInflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.2023-01-31T09:43:02+05:30 Sandeep Tandon on Adani effect on market and Budget impact“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.†2023-01-30T12:51:29+05:30 Do I need to make changes to my mutual fund portfolio?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-01-30T11:48:57+05:30 Will Budget 2023 reduce LTCG tax on gold funds and ETFs?To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.2023-01-30T10:27:08+05:30 Franklin India Bluechip Fund: Fund review While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.2023-01-30T08:45:57+05:30 Has your value mutual fund delivered outsized returns?Funds with diluted value bias have failed to make most of the current uptick.2023-01-30T06:30:00+05:30 Equity mutual fund to shift to T+2 settlement cycle from Feb 1From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.2023-01-27T19:59:33+05:30 Edelweiss Mutual Fund launches short duration index fundEdelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.2023-01-27T13:50:45+05:30 Will these mutual funds help me to retire at 45?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-01-27T11:49:45+05:30 ITI Mutual Fund launches ITI Flexi Cap FundThe minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.2023-01-27T11:41:45+05:30 Why investors should add flexi cap funds to their portfolioThis belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios. 2023-01-27T10:35:47+05:30 DLSS in Budget 2023? Should you invest in DLSS or ELSS?Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.2023-01-27T10:05:49+05:30 Right mutual funds for a 51-year-old investorIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-01-25T14:24:07+05:30 28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 yearsThe purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time. 2023-01-25T11:58:15+05:30 Will Budget 2023 bring in tax parity between mutual funds and ULIPs?Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.2023-01-25T11:23:15+05:30 Should you invest in Equity Savings Funds?Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.2023-01-25T08:54:00+05:30 HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 croreAs of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.2023-01-24T16:11:21+05:30 Manish Gunwani appointed as Head-equities at IDFC Mutual FundGunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.2023-01-24T15:38:13+05:30 3 ways to reduce financial anxiety in 2023Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.2023-01-24T14:44:13+05:30 Fiscal deficit an important variable to track in Budget 2023, say mutual fund managersAccording to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP. 2023-01-24T14:19:37+05:30 Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one yearMost of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.2023-01-24T10:33:11+05:30 Budget 2023 should bring tax parity between mutual funds and NPSTo help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.2023-01-24T10:28:03+05:30 IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIOThe fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.2023-01-24T09:36:05+05:30 Gold ETF Inflow Slumps in 2022 on Rising Prices"A rising price (of gold) puts some pressure on investors, with people holding back investments."2023-01-23T10:41:29+05:30 Gold and silver funds offer double-digit returns. Should you invest?There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.2023-01-23T10:18:40+05:30 Fund review: PGIM India Midcap Opportunities FundWe examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.2023-01-23T06:30:00+05:30 The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?A radically different investing style has put the fund house in the spotlight.2023-01-23T06:30:00+05:30 Insurers want NPS tax exemption for their pension schemes, too"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.2023-01-23T00:20:23+05:30 Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's RamakrishnanThree Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.2023-01-20T15:52:04+05:30 10 new mutual fund offers or NFOs currently open. Should you invest?Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.2023-01-20T11:38:22+05:30 Small cap index schemes with low tracking error, expense ratioThere are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.2023-01-20T10:10:21+05:30 Fed to deliver two 25-basis-point hikes in Q1, followed by long pauseIn response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.2023-01-20T07:52:25+05:30 Best mutual funds to build retirement corpusIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-01-19T12:07:20+05:30 Will debt mutual fund investors get better returns in 2023?Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.2023-01-19T10:31:44+05:30 Multi asset allocation funds attract large inflows. Are they worth your money?Many fund houses launched multi asset funds recently and some more are in the pipeline. In this scenario, the question is- are multi asset allocation funds really worth the hype?2023-01-19T09:53:02+05:30 Best medium duration mutual funds to invest in 2023As per Sebi mandate, medium duration funds must invest debt in and money market instruments with Macaulay duration of three and four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more.2023-01-19T09:07:10+05:30 Fed policymakers call for further rate hikes to beat inflationThe Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.2023-01-19T07:59:03+05:30 Best medium to long duration funds to invest in 2023Long term funds lose money when the interest rates are going up. However, they make double-digit returns when the rates starts to fall . If you can take risk, here are our picks for 2023.2023-01-18T14:19:56+05:30 Will these mutual funds help me to make Rs 1 crore?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2023-01-18T12:26:13+05:30 International funds offer 16.49% in three months. What should be your strategy?Out of 69 schemes that have been in the market, 44 schemes have offered double-digit returns in the last three months. The top performers in this category were technology ETFs. Mirae Asset Hang Seng TECH ETF has offered the highest return of 39.97% in the three-month duration, followed by Mirae Asset Hang Seng TECH ETF FoF which offered 39.25% returns.2023-01-18T11:30:10+05:30
Adani Enterprises cancels FPO, to refund investors"Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company told exchanges after a board meeting Wednesday evening.2023-02-02T06:54:02+05:30 Adani Enterprises calls off FPO, shares worth Rs 20,000 crore to be returned to investors2023-02-01T22:57:10+05:30 Adani Enterprises calls off FPO, money to be returned to investorsCiting the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances2023-02-01T22:32:00+05:30 Adani Enterprises FPO fully subscribed on final dayThe flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday.2023-02-01T06:28:47+05:30 Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support2023-01-31T15:56:11+05:30 Digit Insurance to revamp $440 mln IPO again after regulator concernsSuch rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.2023-01-31T13:20:50+05:30 Bajaj Solutions gets Sebi nod to float IPOBalaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.2023-01-31T13:19:09+05:30 Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPOThe company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.2023-01-31T11:59:52+05:30 Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPOAdditionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.2023-01-31T06:55:39+05:30 FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 croreIncorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing2023-01-30T17:52:18+05:30 Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPOIHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.2023-01-30T17:00:43+05:30 Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO2023-01-28T22:37:34+05:30 Adani Enterprises’ FPO gets a muted startAccording to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.2023-01-28T09:07:29+05:30 What is an FPO & how does it benefit the company, shareholders?2023-01-25T13:17:20+05:30 Adani FPO open from Friday: Dates, price band, review, other details in 10 pointsThe basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.2023-01-25T11:58:15+05:30 PayMate India told to re-file IPO papers with updated infoThe capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.2023-01-25T06:28:10+05:30 Hotel development and investment firm SAMHI planning to file revised DRHPThe Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.2023-01-24T10:42:23+05:30 Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papersThe company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements2023-01-23T19:36:31+05:30 Reliance Jio, Retail IPOs unlikely this year: JP MorganRIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.2023-01-23T13:27:38+05:30 Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 20282023-01-21T18:42:18+05:30 Asia’s richest man plans on IPOs for at least five companiesAdani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.2023-01-21T17:07:15+05:30 Rashi Peripherals files DRHP to raise Rs 750 cr via IPOAccording to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.2023-01-19T19:05:13+05:30 Adani FPO opens Jan 27 at Rs 3,112-3,276 per shareThe company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.2023-01-19T06:54:18+05:30 Tata Tech starts work on IPO to raise up to Rs 4,000 croreSecondary share sale to offer exit to legacy fin investors, growth equity for expansions.2023-01-19T06:00:00+05:30 Oyo to refile updated DRHP with Sebi by mid-FebThe company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.2023-01-18T10:48:48+05:30 Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPOAs per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.2023-01-17T20:22:56+05:30 Sebi returns Lava International's draft IPO papers; asks to refile with updatesThe OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.2023-01-17T19:55:27+05:30 Two pharma companies get SEBI nod to raise funds via IPOInnova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.2023-01-17T17:18:33+05:30 Adani Enterprises to launch Rs 20,000 crore FPO2023-01-17T10:06:01+05:30 Adani Enterprises files papers for Rs 20,000 crore FPOThe FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.2023-01-17T06:45:25+05:30 IPOs delayed as Dalal Street stays volatile, investors bearishIn the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.2023-01-16T06:34:27+05:30 Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPOThe company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.2023-01-13T06:22:54+05:30 Cyient unit files DRHP for Rs 740 crore IPOCyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.2023-01-10T11:00:22+05:30 International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPOAdani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.2023-01-10T06:35:27+05:30 Why SME IPOs are emerging as top fund-raising platform for promotersFor a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.2023-01-08T11:59:34+05:30 JG Chemicals files preliminary papers with Sebi; to raise funds via IPOProceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.2023-01-06T17:07:32+05:30 IPO tips from Zerodha CEO Nithin Kamath for B2C startupsHe said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."2023-01-05T14:00:23+05:30 Radiant Cash lists at over 9% premium to IPO priceShares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.2023-01-05T06:24:44+05:30 Sah Polymers IPO subscription closes today: Check GMP & other detailsThe quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.2023-01-04T13:53:16+05:30 Sebi returns OYO's draft IPO papers; asks to refile with updates The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore2023-01-03T16:17:23+05:30 Sah Polymers IPO subscription to close tomorrow: Check GMP & other detailsThe company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares2023-01-03T13:56:50+05:30 IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crorePranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.2023-01-03T13:53:28+05:30 40 IPOs gave an average listing day gain of 10% in 2022: ReportOverall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.2023-01-03T13:49:18+05:30 A lot is riding on Mamaearth's Street debut for FMCG IncIn the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.2023-01-03T06:17:35+05:30 Rishabh Instruments files draft papers with Sebi to mobilise funds via IPOGoing by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.2023-01-02T16:23:01+05:30 Sah Polymers IPO subscribed 2.37 times on Day 2Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.2023-01-02T15:56:52+05:30 Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated informationOyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.2022-12-31T17:49:43+05:30 2022's last IPO: Sah Polymers issue open from today. Should you subscribe?Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.2022-12-30T11:30:50+05:30 KFin Tech closes a tad below issue price on listing dayThe stock closed at ₹364 apiece on the BSE, down 0.55% from its IPO price of ₹366. The stock touched a high of ₹372.40 and a low of ₹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.2022-12-30T06:10:43+05:30 The biggest, best and worst-performing IPOs of 20222022-12-29T18:19:30+05:30
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