Page 2 - Ideaforge Technology News Today

The SME segment will see Balaji Valve Components, Sameer Agro and Infra, AIK Pipes, Akanksha Power, HRH Next Services, Manoj Ceramic and Kay Cee Energy debut on the SME platforms of both the exchanges.

"We wish to inform you that Canara Bank has in principle approved to initiate the process of listing its Mutual Fund Subsidiary Canara Robeco Asset Management Company Ltd, in the Stock Exchanges by way of an Initial Public Offer (IPO)," the state-owned lender said in a notification to exchanges.

The brokerages report on IPOs performance in 2023 also said that a few of these SME IPOs delivered better returns months after listing

Cyient DLM, listed on July 10, emerged as another significant gainer, witnessing a 149 per cent surge to Rs 660.20 from its issue price of Rs 265.

While a large pool of investors focused mainly on listing gains, several IPOs have given better returns ranging from 50% to 140% after the initial phase of listing. About 42 companies continue to hold or deliver better returns than their initial gains.

In 2023, 54 IPOs emerged, marking the largest influx in two years, raising approximately Rs 49,000 crore.

In 2023, 54 IPOs emerged, marking the largest influx in two years, raising approximately Rs 49,000 crore.

Gandhar Oil Refinery India: This was the sixth biggest gainer among the companies listed (after IPOs) so far in 2023

The stock opened at Rs 1,200 on the National Stock Exchange, higher by 140 percent over the issue price of Rs 500 per share and touched a record high of Rs 1,400 in initial trade

Women self help groups (SHGs) will be provided with 15,000 drones in the next three years and the women will be given training to fly and use drones, the PMO told reporters.