rediffGURU Chocko Valliappa counsels students how to choose the right course and career after Class 12.
Indian athlete Krishna Jayasankar, representing the University of Nevada, broke the women's shot put indoor national record with a throw of 16.03m while winning the bronze medal at the Mountain West Indoor Track and Field Championship in Albuquerque.
Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.
Pre-initial public offering (IPO) allotments have lost favour amid buoyancy in the market and increase in average float size this year. After hitting a record high in 2023, they have come to a halt, with just three companies opting for such placements totalling Rs 235 crore. This compares to eight deals worth Rs 648 crore during the same period of the previous year.
Draft Red Herring Prospectus (DRHP) filing continued to be robust in October, signifying the optimism in the initial public offer (IPO) market despite the recent turbulence in equities. In October, 17 companies filed their offer documents for IPOs. The rush in filings has made August-October 2023 the best three-month period for DRHP filings since July-September 2021.
Foreign portfolio investors (FPIs) pumped in Rs 1.7 trillion into domestic stocks in 2023, one of the highest net inflows ever witnessed during a calendar year, of which 25 per cent went into the direct buying of stocks. Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances. A large portion of the FPI investments through the stock exchange route went into block deals, thereby reducing the actual investments made via direct buying of stocks. Last year saw selldowns or block deals worth Rs 2 trillion.
Shares of all the 14 companies are currently trading above their issue price.
Year 2021 was another great year for fund-raising through equities. A total of Rs 1.8 trillion was raised through initial public offerings (IPOs), qualified institutional placements (QIPs), and rights issues, against the Rs 1.7 trillion raised in the previous year. Funds raised through IPOs quadrupled, while those from rights issues and QIPs reduced.
A total of 49 companies raised Rs 81,615 crore in Samvat 2077, more than the preceding four years and almost double the amount raised in the previous year. Samvat 2078 appears even more promising with mega issues of Paytm and Life Insurance Corporation (LIC) of India. However, Paytm's record could be short-lived as state-owned LIC is planning to launch a Rs 1-trillion IPO by March 2022.
Kerala government on Thursday put the toll in the Puttingal Devi Temple fireworks tragedy at 108, saying the higher number of dead announced earlier was due to "duplication" in counting.
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
Indian companies are now more confident about the execution skills of local banks.
The return of investor confidence in the equity markets is bringing some of the large companies back to the fund-raising table.
To an award show that's famous for honouring artists belatedly, we have sent as our official entry one of our major film-makers's weakest work yet, feels Sreehari Nair.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
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