We are seeing a lot of IPOs. Which one looks exciting to you?
There are these new-age technology stocks in the IPO market and that is going to be interesting to watch. It is not really a debate about the old economy versus the new economy. Even certain old economy stocks are adopting digital kinds of mechanisms and transforming themselves into new age companies. The first choice, if one were to do a top-down approach on the IPOs, will be from the technology aspect. Are these companies going to transform themselves into new-age technology driven companies?
The other choice would depend on how sustainable would these companies’ prospects be in future. Remember we are still in the midst of the pandemic and many of the companies including those listed already are underperforming relative to their past performance on the revenue or the profitability front. Some of these companies, which are coming up for IPOs, do not necessarily have a comparative backdrop for investors to understand
NEW DELHI: The IPO of Craftsman Automation was subscribed 126 per cent on Tuesday, the second day of the bidding process. The issue was subscribed 55 per cent on the first day.
The issue has received bids for 48,56,990 shares against the 38,69,714 shares on offer. Shares under the Craftsman IPO are being offered in the price range of Rs 1,488-1,490, and investors can subscribe to the issue by betting in lots of 10 shares. Retail investors can bid for a maximum of 13 lots.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore, and an offer for sale of up to 45,21,450 shares by the promoter and existing shareholders. On Friday, the company raised a little over Rs 247 crore from 21 anchor investors.
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Sensex retreats 494 points from day s high as bears win for 3rd day in a rowBy
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ANI
The S&P BSE Sensex index gyrated 568.54 points during the session, moving between 50,289.44 and 50,857.98.
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NEW DELHI: Benchmark indices ended a volatile day on a flat note on Tuesday, erasing all of the gains registered in the morning. Rising crude oil prices and yields at high levels dented investors morale.
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Leading engineering firm Craftsman Automation s IPO opened today. Price band of the IPO has been fixed at Rs 1,488 to Rs 1,490 per equity share. It plans to raise Rs 150 crore through the IPO. The issue comprises fresh issue of equity shares worth Rs 1