A naukri.com initiative
Funding News
Bloomberg Quint
1d
234
Image Credit: Bloomberg Quint
Motilal Oswal Maintains 'Buy' On PNB Housing Finance, Cites Improved Product Mix, Execution; Sees 38% Upside
- Motilal Oswal maintains a 'Buy' rating on PNB Housing Finance.
- The report cites improved product mix and execution as reasons for the favorable risk-reward profile.
- They expect a potential upside of 38% for long-term investors over the next three years.
Read Full Article
14 Likes
SiliconCanals
1d
640
Image Credit: SiliconCanals
Groningen’s Future Tech Ventures invests €350K in IonIQs to extract lithium from wastewater: Know more
- Groningen-based Future Tech Ventures (FTV) has invested €350K in IonIQs, a startup that extracts lithium from wastewater.
- IonIQs has developed a sustainable technology that filters wastewater efficiently, reduces water consumption, and recovers pure lithium.
- The company aims to achieve a purity of 99.5% for lithium and plans to scale up its capacity in the long term.
- Future Tech Ventures is a proof-of-concept fund in the Northern Netherlands, supporting high-tech startups.
Read Full Article
9 Likes
Bloomberg Quint
1d
296
Image Credit: Bloomberg Quint
Fund Raising By India Inc. Shatters Almost Every Possible Record In 2024
- Indian companies raised INR 1.64 lakh crore via 90 maiden public issues and INR 1.39 lakh crore via share sales to institutions setting a record fundraising in 2024.
- Vodafone Idea raised INR 18,000 crore through a follow-on public offer and INR 49,436 crore was raised through public issues in 2023.
- The year witnessed a frenzy in the primary market with 15 companies raising INR 25,500 crore, the highest in 17 years.
- IPO subscription ratios have been exceptionally high this year with some offerings being subscribed over 200 times such as KRN Heat Exchanger and Refrigeration.
- Foreign investors poured in primary market purchases of $14 billion this year, surpassing the previous record set in 2021.
- The IPO pipeline for the next year is set to feature major offerings, including HDB Financial Services' proposed INR 12,500 crore issue, LG Electronics India's proposed INR 15,000 crore public float, and Hexaware Technologies' INR 9,950 crore offer.
Read Full Article
17 Likes
Bloomberg Quint
1d
319
Image Credit: Bloomberg Quint
Razorpay Allots ESOPs Worth Rs 1 Lakh Each To Current Employees In 10th Anniversary Year
- Fintech unicorn Razorpay is extending Rs 1 lakh worth of employee stock ownership plans (ESOPs) to all current employees as part of its 10-year celebrations.
- This is the third employee liquidity event for Razorpay, with previous ESOP buybacks in 2018 and 2022.
- Razorpay has expanded its services beyond payment gateways and aims to be profitable across revenue streams before a potential IPO.
- The Bengaluru-based company has raised nearly $750 million from investors such as Lone Pine Capital, TCV, GIC, Tiger Global, and Peak XV Partners.
Read Full Article
19 Likes
Bloomberg Quint
1d
212
Image Credit: Bloomberg Quint
Newmalayalam Steel IPO: Check GMP Ahead Of Share Allotment Today
- Newmalayalam Steel IPO saw strong demand from investors over the three-day subscription window, whereby the issue was booked 50.69 times.
- Shares of Newmalayalam Steel will list on NSE SME, Emerge Platform on Friday, Dec 27.
- The grey market premium of Newmalayalam Steel IPO was Rs 30 as of 5:04 am on Dec. 24.
- Newmalayalam Steel Ltd. plans to use the IPO proceeds to enhance its IT infrastructure, construct a new factory shed, invest in advertising and marketing, and meet working capital requirements.
Read Full Article
12 Likes
Bloomberg Quint
1d
246
Image Credit: Bloomberg Quint
Check Sanathan Textiles IPO GMP And Steps To Verify Share Allotment Status On Dec. 24
- The grey market premium of Sanathan Textiles IPO was Rs 90 as of 5:04 a.m. on Dec. 24.
- Sanathan Textiles IPO share allotment will be finalised on Dec. 24.
- Over the three-day bidding period, Sanathan Textiles IPO was booked 35.12 times.
- Investors who have bid for the Sanathan Textiles IPO can check its share allotment status on the websites of BSE and the registrar.
Read Full Article
14 Likes
Bloomberg Quint
1d
96
Image Credit: Bloomberg Quint
Transrail Lighting IPO Allotment Today: How To Check Status And Latest GMP
- The share allotment of Transrail Lighting Ltd. is set to be finalised on Tuesday.
- Investors applied for 1,12,44,40,452 shares against the 1,39,16,742 shares put on offer.
- The Transrail Lighting IPO is worth Rs 838.91 crore and is likely to be listed on December 27.
- Investors can check the allotment status on BSE, NSE, and Link Intime India's websites.
Read Full Article
5 Likes
StartupDaily
1d
115
No code construction software startup erects $27.5 million Series A
- Construction software startup, Sitemate, has raised $27.5 million in a Series A funding round.
- The funding will be used for product and engineering development, as well as global expansion.
- Sitemate offers software platforms for the construction, energy, and mining sectors.
- The company aims to provide flexible and customizable solutions, integrating with existing business tools.
Read Full Article
6 Likes
StartupDaily
1d
208
Australian F1 legend Mark Webber backs hydration monitoring wearables startup in $8 million raise
- Brisbane startup WearOptimo has raised $8 million in funding for its hydration monitoring wearables.
- The round was backed by healthcare provider Aspen Medical, former F1 driver Mark Webber, and others.
- WearOptimo aims to create accessible and affordable healthcare solutions and has opened an Advanced Manufacturing Facility (AMF) in Brisbane.
- The AMF will enable the production of up to 30 million sensors annually, which will be used in various industries.
Read Full Article
12 Likes
Bloomberg Quint
1d
42
Image Credit: Bloomberg Quint
Concord Enviro Systems IPO GMP Jumps Ahead Of Allotment Today; Check Status, Listing Date Here
- The grey market premium of Concord Enviro IPO was Rs 55 as of 5:03 am on December 24, indicating a 7.85% gain per share.
- The Concord Enviro IPO garnered decent interest from investors, with total bids for 5,35,33,347 shares against the 50,15,356 shares on offer.
- Investors can check the allotment status on BSE, Link Intime India, or the NSE website with their details.
- The listing date for Concord Enviro IPO is fixed as Friday, December 27 on BSE and NSE.
Read Full Article
2 Likes
Bloomberg Quint
1d
241
Image Credit: Bloomberg Quint
How To Check Mamata Machinery IPO Allotment Status? Find Latest GMP, Listing Details Here
- The initial public offering of Mamata Machinery became the 5th most subscribed issue of 2024.
- The latest GMP of Mamata Machinery was Rs 260.
- The allotment for the Mamata Machinery IPO is expected to be finalised on December 24.
- Investors can check their share allotment status on BSE and Link Intime India's websites.
Read Full Article
14 Likes
Bloomberg Quint
1d
370
Image Credit: Bloomberg Quint
Bajaj Auto Poised For Growth With Chetak 35 Launch And Production Cost Cuts, Say Analysts
- Bajaj Auto has invested Rs 300 crore in its electric vehicle infrastructure.
- The company aims to increase production capacity for the Chetak model from 40,000 to 60,000 units per month.
- Over the last five years, Bajaj Auto has sold about 280,000 units of the Chetak.
- Bajaj Auto's market share in EVs has increased from 12% to around 27% in year-to-date December 2024.
Read Full Article
22 Likes
Bloomberg Quint
1d
61
Image Credit: Bloomberg Quint
How To Check DAM Capital Advisors IPO Allotment Status — Details Here
- The allotment status of DAM Capital Advisors IPO is set to be finalised on Tuesday.
- The issue was subscribed 81.88 times, with strong response from investors.
- Shares are expected to list on BSE and NSE on Dec. 27.
- Investors can check allotment status on BSE, NSE, and Link Intime India's websites.
Read Full Article
3 Likes
Bloomberg Quint
1d
185
Image Credit: Bloomberg Quint
Stocks To Watch Today: Vedanta, PG Electroplast, HG Infra, Zaggle Prepaid
- Vedanta, PG Electroplast, HG Infra Engineering, and Zaggle Prepaid are among the stocks to watch today.
- PG Electroplast secured a deal to contract manufacture Whirlpool branded washing machines.
- Vedanta stock will trade ex-date for its fourth interim dividend this year.
- Zaggle Prepaid raised Rs 595 crore via share sale to institutional investors.
Read Full Article
11 Likes
Bloomberg Quint
1d
297
Image Credit: Bloomberg Quint
Stock Market Live: GIFT Nifty Near 23,800; Bharat Forge, HG Infra, TVS Motor Share Prices In Focus
- The GIFT Nifty was trading near 23,800 on Tuesday morning.
- Shares of Bharat Forge Ltd., HG Infra Engineering Ltd., and TVS Motor Co. share prices may react.
- Benchmark equity indices tracked the gains in US and Asia markets to close higher on the first session of Christmas week.
- Nifty ended 0.7%, or 165.95 points, up at 23,753.45 and Sensex closed 0.64%, or 498.58 points, higher at 78,540.17.
Read Full Article
17 Likes
For uninterrupted reading, download the app