ACME Solar Holdings IPO subscribed 47% on Day 2. GMP falls to 2%
The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding, the issue was subscribed to 47%, with the retail portion attracting 1.57 times subscription. However, the grey market premium (GMP) has slipped, indicating a cautious sentiment from investors.
Sagility India IPO subscribed 65% on last day of bidding process so far. Check GMP, other details
The Rs 2,106 crore IPO consists solely of an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, after deducting expenses, will go directly to the selling shareholder.
Niva Bupa Healthcare IPO subscribed 7% so far on Day 1. Check GMP, other details
The offering, consisting of a fresh equity issuance of Rs 800 crore and an offer for sale (OFS) of 1.89 crore shares, will be open for bidding until November 11. Through the OFS, Bupa Singapore Holdings and Fettle Tone will sell part of their stakes.
Adani Energy shares fall 9% on getting bad news from MSCI
MSCI did not include Adani Energy Solutions in its Global Standard Index. This followed a show cause notice issued by SEBI to Adani Energy Solutions. MSCI also reduced the float in Adani Green Energy and Adani Power. Five other Indian companies were included in the index. MSCI increased the weightage of HDFC Bank.
Hindalco shares dip 7% as Novelis’ net income falls by 18% YoY
Hindalco’s shares plummeted 7% following subsidiary Novelis’s announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5% growth in net sales driven by higher aluminum prices, Novelis’s adjusted EBITDA declined 5% YoY, impacted by a flooding event at its Sierre facility.
Deregulation and M&A prospects boost investor confidence post-Trump victory: Matt Orton
The regulatory environment for the past four years has not been incredibly favourable for mergers and acquisitions, it has not been favourable for consolidation of certain industries and so I think that is a big part of what was playing out today.
After Hyundai, will listing gains be elusive for Swiggy too?
Swiggy’s IPO is facing uncertainty as analysts advise investors to consider the long-term potential due to profitability concerns and competition from Zomato. Despite conservative pricing, the IPO saw muted demand on its first day, with grey market trends indicating minimal listing gains.
Waaree Energies shares slide over 6% even as co secures 180 Mwp module supply order
Waaree Energies, India’s largest solar panel maker, saw its shares dip slightly despite securing a major order. This follows a stellar week for the company, which recently went public. The IPO was a resounding success, attracting record bids and pushing the company’s value over Rs 1 lakh crore.
Apollo Hospitals shares surge 6% on 63% YoY jump in Q2 profit
Apollo Hospitals’ shares reached a record high after the company announced a 63% surge in Q2FY25 net profit, hitting Rs 379 crore. This impressive performance was fueled by a robust 14% growth in their hospital business revenue, reaching Rs 2,903 crore, and a significant rise in patient inflow, pushing occupancy to 73%.
Niva Bupa Healthcare IPO opens for subscription today. Should you bid?
Niva Bupa Healthcare has announced its initial public offering (IPO), aiming to raise Rs 800 crore. The IPO, open for subscription until November 11, includes a fresh issue and an offer for sale by existing shareholders. The company plans to use the proceeds to strengthen its capital base and support future growth.