Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more
Technical charts and data indicate a lack of relative strength and the dominance of supply pressure during the upward move. The market is likely to remain highly volatile due to the F&O expiry this week, said technical analysts. If Nifty maintains its close above the 21,920 level, it will likely head towards 22,390–22,500 levels. Bajaj … Read more
INOX India listing: The unexpected market downturn on Wednesday impacted the listing of INOX India, a leading cryogenic tank manufacturer, as it debuted today at a 44% premium, but fell below Dalal Street expectations.After the listing, INOX India shares experienced a 1.6% decline, trading around Rs 918 on BSE. Despite a robust subscription demand of … Read more
Inox India IPO: A manufacturer of cryogenic tanks, Inox India, aims to raise Rs 1,460 crore via an offer for sale, reducing the promoters’ stake from 99.3% to 75% post-IPO. The company’s products are crucial in the commercial LNG, liquid hydrogen, and MRI cryostat development sectors, potentially cutting down substantial import reliance.Given that Inox India … Read more
ET Intelligence Group: Inox India, a maker of cryogenic tanks, plans to raise Rs 1,460 crore through an offer for sale. The promoters’ stake will drop to 75% after the IPO from 99.3%. The company’s products are pivotal in the value chain of commercial LNG, liquid hydrogen and development of cryostat for MRI machines that … Read more