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Rays of Belief IPO subscribed 107x on Day 3, as GMP rises to 20%

Rays of Belief's IPO was subscribed over 107 times, showing significant investor demand. Retail and non-institutional investors showed exceptional interest in the company's offering. The company plans to use IPO proceeds for expanding its learning and education infrastructure. Financials reveal strong revenue growth but a slight dip in profitability. Investors…

The Economic Times · Sep 3

Prasol Chemicals fixes price band for Rs 500-cr IPO; issue to open on Sep 8

Prasol Chemicals will launch its Rs 500-crore Initial Public Offering on September 8. The company has fixed the price band at Rs 643-676 per equity share. This public offering will close on September 10 after anchor investor bidding. The IPO includes a fresh issue of Rs 80 crore and an…

The Economic Times · Sep 3

Lumino Industries shares soar 40% from IPO price after strong market debut. Should you buy or wait?

Lumino Industries shares extended their strong debut gains, rising another 4% after listing at a 34% premium to the IPO price. While analysts see attractive valuations, strong profitability and debt reduction as positives, fresh investors have been advised to wait for consolidation, while IPO allottees can consider partial profit booking…

The Economic Times · Sep 3

Kwick Forensic Solutions shares debut at 67% premium over IPO price on BSE SME platform

The IPO, which opened for subscription on August 27 and closed on August 31, witnessed an extraordinary response from investors, with the issue subscribed a staggering 289 times overall.

The Economic Times · Sep 3

Lumino Industries shares list at 34% premium over IPO price

The Rs 700-crore IPO was offered in a price band of Rs 78–Rs 82 per share. The issue comprised a fresh issue of Rs 500 crore, involving 6.10 crore shares, and an offer for sale (OFS) of Rs 200 crore, involving 2.44 crore shares sold by promoters Devendra Goel and…

The Economic Times · Sep 3

OpenAI And Anthropic Move Towards Their IPOs As They Face a Balancing Act

OpenAI emphasized cybersecurity risks surrounding its newest model while Anthropic moved to make its latest technology more attractive to customers.

International Business Times · Sep 3

SoftBank's SB Energy Files for IPO, But OpenAI Dependence Emerges as Major Risk

In an S-1 registration statement filed with the Securities and Exchange Commission, SB Energy said it is "substantially dependent" on OpenAI, which serves as both a major tenant and an equity investor in the company.

International Business Times · Sep 2

India’s IPO party is in full swing. Just don’t mistake debut-day gains for a winning bet

August saw twenty companies raise over twenty-one thousand crore rupees. Listing-day returns have significantly increased from a discount to a premium. Investors should not treat initial public offerings as lottery tickets. Thorough due diligence is essential to identify strong businesses and avoid duds. Analyzing financials, valuation, and offer details helps…

The Economic Times · Sep 2

Zerodha gets Sebi nod for merchant banking licence, formal registration awaited: Report

Zerodha’s merchant banking licence application has received Sebi clearance, enabling its expansion into investment banking after formal registration. The move broadens its financial services portfolio, strengthens its capital markets presence and positions the broker to support companies raising funds through IPOs.

The Economic Times · Sep 2

IPO-bound Simple Energy eyes large fundraise to enhance production capacity, supply chain

Declining to give the quantum of funds the company was looking at, he said, "it is not just the product that is going to scale... for us backing is important because right now we can only scale up to 10,000. But beyond that, we need to infuse more capital in…

The Economic Times · Sep 2