Ipo Watch News Today

IPO watch: Asirvad Microfinance is a non-banking finance company, microfinance institution (MFI) that offers microfinance loans to low-income women.

The equity shares of these four companies are proposed to be listed on bourses –BSE and NSE.

Happy Forgings and Credo Brands IPO secured a robust subscription, while RBZ Jewellers also attracted a decent response.

The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.

In Sebi’s parlance, obtaining observation letters means its go-ahead to launch the IPO.

IPO review: Kaynes Technology India, Global Health, Cyient DLM, Plaza Wires, and Senco Gold are among the top 10 mainboard IPOs since last Diwali. PNGS Gargi Fashion Jewellery, RBM Infracon and Bondada Engineering are among the top 10 SME IPOs.

Arm, which is majority owned by SoftBank, currently holds one buy rating, three holds, and one sell. Data compiled by Bloomberg indicates an average price target of about $53.

Capital Small Finance Bank and CJ Darcl Logistics file draft prospectus for IPOs with SEBI.

Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities. It also had the second highest provision coverage ratio among SFBs in fiscal 2023. Its operations are focused in rural and semi-urban areas and as of March 2023, it had 3.59 million customers majorly located in rural and semi urban areas

Common Mistakes with IPO: The most common mistake an investors make that can be a trap and hinder your financial success is following the herd mentality