On 23 November, the Indian government announced that it would release nearly 5 million barrels of oil from its Strategic Petroleum Reserve (SPR). The decision has an interesting background. Just a couple of days earlier, Joe Biden had announced th

The weak listing of the Paytm IPO may have had its first casualty in the form of a digital IPO being put off. MobiKwik has put off its proposed Rs.1,900 crore IPO on the back of weak Paytm listing. MobiKwik has been apprehensive that the post list

One of the biggest issues from an Indian insurance company will soon hit the IPO market. Star Health and Allied Insurance has announced the launch of its Rs.7,249 crore IPO opening on 30-November. Here is a gist of the Star Health and Allied Insuranc

In a circular issued after market hours on 23-November, SEBI announced that it was postponing the implementation of the framework for segregation and monitoring of collateral at client level to 28th February 2022. In addition, even the implementat

Jesons Industries has filed draft red herring prospectus (DRHP) with SEBI for its proposed Rs.900 crore IPO. Jesons Industries is one of the leading manufacturers of specialty coating emulsions and water based adhesives. Jesons Industries is fully ow

Fusion Microfinance, which is backed by PE firm Warburg Pincus, had filed for its draft red herring prospectus in mid-August 2021. It has just got the approval from SEBI and can now proceed to file the RHP with the ROC and complete other formalities

Latent View Analytics had a very strong listing on 23rd November, listing at a premium of 160. While the stock did show higher levels in early trades, the price tapered towards the end of the day. While the closing price was lower than the listin

The Rs.1,013.61 crore IPO of Go Fashion (India), consisting of a fresh issue of Rs.125 crore and an offer for sale (OFS) of Rs.888.61 crore, was subscribed 135.46X overall at the close of bidding on 22nd November. The basis of allotment will be final

Tracxn Technologies, which had filed DRHP with SEBI for its proposed IPO in mid-Aug 2021 has got SEBI approval for its IPO. Here is what you need to know. Seven thing to know about the Tracxn Technologies IPO 1) The Tracxn Technologie

Puranik Builders, which had filed its DRHP with SEBI in September this year, has got approval for its proposed IPO. Incidentally, this is the third attempt made by the company to tap the IPO market. Here is a gist of the Puranik Builders IPO.

MedPlus Health Services, which had filed DRHP with SEBI for its proposed Rs.1,639 crore IPO, has got SEBI observations. In the IPO parlance, SEBI observations is tantamount to an IPO approval. Here are some key points to note about the IPO. 1)&nbs

In a move that could set the tone for the new paradigm in the telecom industry, Bharti Airtel took the lead in raising pre-paid tariffs by 20-25. These new tariffs would be effective from 26-November. The pre-paid set of customers are normally th