The market regulator’s rare order barring First Overseas Capital Ltd (FOCL) from taking on any new initial public offer (IPO) assignments after uncovering alleged fund diversion from an IPO may signal increased scrutiny of merchant bankers to shore up investor trust, according to experts. The interim order, issued on 6 May by the Securities and…
The capital market regulator also barred the merchant banker involved from taking up new initial public offering (IPO) assignments. In a strongly-worded interim order issued on Tuesday, Sebi accused the two entities (the company and the merchant banker) of gross misuse of investor funds, including routing â‚ą2 crore to an individual who used the funds…
Backed by automotive giant Hero MotoCorp and marquee investor Tiger Global, Ather’s listing comes amid choppy market conditions and a cautious investor climate following Ola Electric’s underwhelming market debut. Ola Electric hit the 20% upper circuit on its debut in August but has since slipped, delivering a negative return of over 34% from its listing…
Capital-market risks have three frames: structural, systemic and operational. While the focus of reforms has been on minimizing operational risks and to some extent also systemic risks, the framework for market infrastructure institutions (MIIs) has not been transformed in tandem with either these changes or the market’s growth, leaving the market exposed to structural risk….
Upcoming IPOs: The primary markets had a slow beginning in 2025, with only a handful of mainboard issues launched so far this year. Following a record-breaking fundraising spree and major listings in 2024, investors are now looking forward to several high-profile initial public offerings (IPOs) in the pipeline, hoping for a revival amid the subdued…
Upcoming IPO: BD Security Limited (BDS), a security services provider and Telecom O&M has received approval has received in-principle approval from the National Stock Exchange (NSE) for its draft red herring prospectus (DRHP) to launch an initial public offering (IPO). The company’s IPO consists of a fresh issue of up to 44,56,000 equity shares, each…
They adopted a two-pronged approach: booking profit in the secondary market while placing bets in the equity capital market (ECM) by way of initial public offerings (IPOs), follow-on offerings (FPOs), and qualified institutional placements (QIPs). Though FIIs were net sellers in the secondary market, they contributed to approximately 47% of anchor allocations in IPOs in…
Mumbai-based Shanti Gold International Limited has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO, with an equity share face value of â‚ą10, consists entirely of a fresh issuance of up to 18 million equity shares. The proceeds…
Recently, a two-wheeler dealership with a few dozen employees was in the news for an initial public offer (IPO) that attracted 400 times the money it sought to raise. This subscription rush highlighted the casino-like appeal of IPOs that seems to have taken retail investors in its thrall. Now, a study by the Securities and…
Indian equity markets have been full of surprises lately. The latest jaw dropper is the over-revved response to the initial public offering (IPO) of Resourceful Automobile, a dealer of Yamaha motorcycles in New Delhi with a couple of outlets, a service centre and a few dozen employees. For the â‚ą12 crore it wanted to raise,…
