Page 4 - Database Group News Today

The average listing gain (based on closing price on listing day) was up 29 pc

IPOs in 2023: Pranav Haldea says overall public equity fundraising increased 59 per cent to Rs 1,44,283 crore in 2023 from Rs 90,886 crore in 2022, IPO Fundraising In 2023 Drops 17% to Rs 49,434 Crore; Details Here

Fund mobilisation through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year. Fund managers attribute the unprecedented mobilisation to the heightened demand for credit driven by increased economic activity amid faster-than-expected growth, coupled with the low cost of funding.

India Inc is tapping the low-cost private placement route to raise funds like never before.Fund mobilization through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year.

“Typically in an IPO cycle, we find that towards the end of the IPO cycle, valuations get slightly stretched, which is what you have seen in 2021, in 2017 and even in 2008. However, this time we are seeing good quality, well-governed companies and the valuations have also been fairly reasonable. ”

As many as 110 managing directors or chief executives who were also on the boards of NSE-listed companies quit in the first 10 months of 2023, according to data compiled for ET by primeinfobase.com.

The Tata Technologies IPO attracted maximum investor interest, witnessing a subscription of 6.5 times, followed by Gandhar Oil Refinery (5.66 times) and Flair Writing Industries (2.3 times)

The share of private promoters in companies listed on NSE declined to a 4-year low of 41.55 per cent as on September 30, 2023, according to Primeinfobase, an initiative of Prime Database Group.Over the last one year alone, it has fallen by 306 ...

While government ownership was at 5-yr high, the share of private promoters declined to a 4-year low of 41.55 percent in the September quarter. Over the last year along, it has fallen by 306 basis points

New Delhi, Nov 10 (IANS) The share of private promoters in companies listed on NSE declined to a 4-year low of 41.55 per cent as on September 30, 2023, according to Primeinfobase, an initiative of Prime Database Group.