Groww raises Rs 2,985 crore from investors ahead of IPO, sovereign funds, SBI MF join anchor book
Groww’s Rs 6,632-crore initial public offering comprises a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of 557 million shares by existing shareholders. The price band has been fixed at Rs 95–100 per share. The firm is targeting to go public at a valuation of $7 billion.
10-year bonds hold firm, longer-term yields up on poor demand
Indian government bonds saw little movement on Monday. The benchmark 10-year yield stayed within a tight range. However, demand for longer-term bonds weakened, causing their yields to rise. Traders noted that the Rupee’s performance and liquidity are now key factors influencing the market. The focus is on the Rupee’s potential impact on the Reserve Bank […]
Shriram Properties eyes over Rs 350 cr revenue from new housing project in Bengaluru
Realty firm Shriram Properties on Monday said it will develop a housing project in Bengaluru with an estimated revenue of over Rs 350 crore.
Smartworks rents 8.15 lakh sq ft office space in Mumbai from Hiranandani Group
Smartworks Coworking Spaces Ltd on Monday said it has taken 8.15 lakh sq ft of office space on rent in Mumbai from Hiranandani Group to establish the biggest managed workspace campus in the world.
Foreign holdings of Indian bonds poised to reach new highs on rate cut bets
Foreign investors increased their exposure to Indian government bonds in October by the most of any month so far this financial year, the latest data showed on Monday.
Mukul Agrawal-backed stock soars 21% in just 4 days after Q2 profit nearly doubles to Rs 102 crore. Do you own?
Intellect Design shares rallied 10% as Q2 profit nearly doubled on strong platform and license-linked revenue, highlighting growing global adoption of its eMACH.ai fintech solutions.
India’s IPO boom signals market depth, but caution advised: Santosh Rao
India’s booming IPO market, now the world’s fourth-largest, signals capital market maturity. However, investors are cautioned to carefully assess companies for solid fundamentals and clear profitability paths, as not all new listings possess strong underlying businesses. Global economic factors, including cooling oil prices and US-India partnerships, are expected to further bolster India’s positive investment outlook.
Chasing returns? Lenskart, Groww among 7 IPO GMPs show up to 21% likely gains to investors
Seve upcoming IPOs, including Lenskart, Groww, and Pine Labs, are showing grey market premiums of up to 21%, signalling strong investor interest ahead of a busy week on Dalal Street.
High beta stocks hit higher peaks and deeper troughs. Laurus Labs, Paytm shine with 99% gains, Trent, IRFC slip in double digits
An ETMarkets analysis of Ace Equity data shows high-beta stocks outperformed low-beta peers over the past year, with Laurus Labs and Paytm leading gains, while ABFRL, Siemens, and Tejas Networks saw steep declines. Low-beta counters like JSW Holdings and Manappuram Finance delivered steady double-digit returns.
Auto sector funds top 3-month average returns among all domestic MFs: Should you book profit or stay?
Auto sector mutual funds have surged 10.49% in three months, second only to international funds. Experts attribute the rally to rising incomes, GST relief, festive demand, and EV launches, but caution that high valuations may warrant selective profit booking and a long-term investment view.