Budget 2018-19

  Post listing, the stock has moved higher by up to Rs 614.95, up 12 per cent against the issue price of Rs 550 per share on the BSE Anand Rathi Wealth (ARWL), one of the leading non-bank wealth solutions firms in India, has made a decent stock market debut, with its equity shares listed at Rs 602.05, a 9 per cent premium over its issue price of Rs 550 per share on the BSE. The stock opened at Rs 600 on the National Stock Exchange (NSE). Post listing, the stock moved higher to Rs 614.95, up 12 per cent versus the issue price. At 10:01 am; it was traded at Rs 611 on the BSE. A combined around 4 million equity shares changed hands on the NSE and BSE in early trades.Commenting on the market deubut, “We expect a sharp decline in the stock post-listing. My advice to investors is to book listing gain profit and re-enter at around Rs 420 per share levels,” said Ravi Singhal, vice-chairman at GCL Securities. The initial public offering (IPO) of ARWL had received good response from the inve...

  BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday Several of the biggest investors in  Paytm’s  record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said, asking not to be identified discussing private information. The stock climbed for a third day on Thursday, rallying as much as 7% to 1,875 rupees in early Mumbai trading. That’s still a fair distance away from its issue price of 2,150 rupees. The size of this week’s purchases by anchor investors couldn’t immediately be learned. Representatives for  BlackRock  and CPPIB declined to comment….

  She’s become India’s wealthiest self-made female billionaire, according to Bloomberg Billionaires Index. Falguni Nayar ’s beauty startup has jolted her to the ranks of the world’s richest. Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged as much as 89% when they started trading Wednesday. She’s become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index. FSN E-Commerce Ventures, Nykaa’s parent entity, is India’s first woman-led unicorn to hit the stock exchange. It priced its initial public offering at the top end of a marketed range, raising 53.5 billion rupees ($722 million). The stock was up 78% as of 10:36 a.m. in Mumbai. Nayar, who formerly led a top Indian investment bank, founded  Nykaa  in 2012 just months before turning 50. Back then, most Indian women bought makeup and hair-care products at neighborhood mom-and-pop stores where the selection was scanty and trials unheard...

  Didi, one of the largest investments in SoftBank Group Corp.’s portfolio, accelerated its listing plans after its business rebounded as the coronavirus pandemic ebbed in China. Chinese ride-hailing company  Didi  revealed a $1.6 billion net loss for 2020 as it moves ahead with plans for a U.S. initial public offering. The company in its first public filing for the IPO listed the offering as $100 million, a placeholder that will change when the company discloses terms for the share sale. Didi filed Thursday under the business name Xiaoju Kuaizhi Inc., with Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. leading the offering. Didi, one of the largest investments in SoftBank Group Corp.’s portfolio, accelerated its listing plans after its business rebounded as the coronavirus pandemic ebbed in China. The company has been considering seeking a valuation of as much as $70 billion to $100 billion in the IPO, Bloomberg News reported in April. In recent mo...

  LG Energy and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size SEOUL (Reuters) – Auto battery maker and Tesla Inc supplier LG Energy Solution applied for preliminary approval of an  initial public offering (IPO)  that financial publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LG Energy and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR reported the potential size earlier in June, citing people close to the deal. LG Energy, wholly owned by  LG Chem Ltd  from which it was carved out last year, said the IPO was planned for 2021. A spokesperson declined to comment on the IPO size on Wednesday and said it will be decided taking into account the company’s future capital expenditure and financial structure. A $10 billion-$12 billion IPO would be more than dou...

  ICICI plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total. India’s second largest private lender ICICI Bank Ltd. is making its biggest hiring push in investment banking and institutional equities in four years, as it anticipates a rise in companies going public. The Mumbai-based firm plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total, according to Ajay Saraf, head of investment banking and institutional equities at ICICI Securities Ltd. The new roles will be concentrated in sectors such as technology and health care, he said. “We have not hired these kinds of numbers since 2017,” Saraf said in a phone interview last week. “We see investor interest disproportionately higher for these sectors in the next 12 months.” India is joining the global share sale frenzy thanks to ample liquidity in the  market  with foreign investors and even retail buyers looki...

  The management company, which makes almost all of its revenue from the pop sensation, opened at 270,000 won ($236) in Seoul from its initial public offering price of 135,000 won per share K-pop agency Big Hit Entertainment Co. soared on its debut trading Thursday, boosting the fortunes of its billionaire founder and seven multimillionaire members of the world’s best-known boy band, BTS. The management company, which makes almost all of its revenue from the pop sensation, opened at 270,000 won ($236) in Seoul from its initial public offering price of 135,000 won per share, and rose as much as 30 per cent, the upper daily limit. That pushed Big Hit’s market value to 8.7 trillion won, more than the other three major K-pop agencies combined. Big Hit’s $820 million offering was South Korea’s largest in three years. The firm managed to thrive even as the coronavirus crisis forced it to cancel live concerts, and investors piled into the IPO on  BTS’ s continued popularity from onli...