IPO

November 4, 2024 5:07 PM

Reliance Jio IPO expected to launch in Indian stock market by 2025: report

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is reportedly aiming to list the group's telecom business, Jio, in the Indian stock market next year. According to a report by Reuters, which cites two informed sources, Jio is currently valued by analysts at over USD 100 billion. The report indicates that while the IPO for Reliance Jio is in the pipeline, the launch of the retail unit's IPO is anticipated to occur "much later." Ambani has not updated the IPO timelines since ...

October 22, 2024 5:10 PM

Hyundai Motor India drops 7% on debut after country’s biggest IPO

Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country's biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown. The stock listed at 1,934 rupees on the National Stock Exchange, below its offer price of 1,960 rupees, and fell as much as 7.6% before closing at 1,819.60 rupees. That valued the company at 1.48 trillion rupees ($17.6 billion). Hyundai, India's No. ...

October 17, 2024 2:41 PM

Hyundai Motor India’s record $3.3 billion IPO fully subscribed on final day of bidding

A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades. As companies rush to go public after a sharp run-up in the Indian equities market this year, Hyundai Motor's first listing outside South Korea ranks as India's biggest ever and the world's second-largest IPO in 2024. Subscription on the final day was driven by quali...

September 16, 2024 4:46 PM

Ola IPO opens tomorrow with price band Rs 72-76; retail investors can bid for a minimum of 195 shares

Ola Electric Mobility Limited, a pioneer in India's electric vehicle (EV) sector, is poised to launch its Initial Public Offering (IPO) on Friday, August 2, 2024. The Bengaluru-based company has set the price band for its shares at Rs 72 to Rs 76 each. The IPO, which will remain open until Tuesday, August 6, consists of a fresh issue of equity shares worth Rs 5,500 crore and an offer for sale (OFS) of up to 84,941,997 equity shares. Retail investors can bid for a minimum of 195 shares, requirin...