Page 75 - Ipo News Today

There are several questions about the public offer to which answers are not forthcoming as of now

India Business News: MUMBAI: As Hisar-based steel products maker Vibhor Steel Tubes listed on the bourses on Tuesday, investors in its IPO saw their investments jump nearl.

EV chargers maker Exicom Tele-Systems Ltd is set to launch its Initial Public Offering (IPO) on February 27

Mixed sentiments around Juniper Hotel’s IPO and expansion prospects

Investors can check the status of Thai Casting IPO allotment by logging in to the official website of the registrar, which is Purva Sharegistry in this case

Aditya Welekar of Axis Securities discusses the Novelis IPOs potential uses of funds, including capex and acquisitions. Hindalco aims to unlock Novelis value and raise cash without increasing net debt. The stocks performance and valuation will depend on the IPOs outcome. Welekar says "let us hear from the management how they want to use the proceeds and based on that, we will take a call on the stock."

Kalahridhaan Trendz IPO allotment: Check status, listing date, GMP, other details

According to the draft prospectus, the Orient Technologies issue has a face value of ₹10 and consists of a fresh issue worth ₹120 crore and an offer for sale of up to 46 lakh equity shares by the Promoter Selling Shareholders.

In Wednesdays early trading, Hindalco Industries, the leading metals company under the Aditya Birla Group, surged 5% to reach ₹538 per share. This uptick follows the companys decision to take its US subsidiary, Novelis Inc., public.

Exicom Tele-Systems: The maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares by promoter NextWave Communications.