Fifteen companies have launched their initial public offerings (IPOs) in December 2024, making it the best month for public offerings since 1996. Collectively, they have raised Rs 25,425 crore, which also made December the best month in terms of the quantum of funds raised. In December 1996, 33 companies had raised Rs 931 crore.
All the three companies that made their stock market debut on Wednesday delivered huge day-one gains for investors. Shares of digital payment major One Mobikwik Systems surged 90 per cent, while that of fashion retailer Vishal Mega Mart and pharma firm Sai Life Sciences gained around 40 per cent each. These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday.
The outlet will feature about 130 brands ranging from mens, womens and kidswear, accessories, luggage, footwear and kitchenware, Sanjay Lalbhai, managing director, Arvind Mills told reporters.
Discount chain to expand to the east and west, continue with third-party brands.
Brand Factory clocked in Rs 1,045 crores worth of sales in FY17, accounting for 27 per cent of the total revenues earned by Future Lifestyle Fashions Retail. But what about the future?
'When I see an unclothed woman, I do not see nudity; I see the beauty of nature, I see God in every female form.' That's L Ramachandran from Kumbakonam, India's first Playboy photographer, in conversation with S Saraswathi
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