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Right mutual funds for a 51-year-old investor

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-01-25T14:24:07+05:30

28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years

The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.

2023-01-25T11:58:15+05:30

Will Budget 2023 bring in tax parity between mutual funds and ULIPs?

Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.

2023-01-25T11:23:15+05:30

Should you invest in Equity Savings Funds?

Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolioâ€™s volatility and wanting a small allocation to stocks can consider equity savings funds.

2023-01-25T08:54:00+05:30

HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore

As of December 31, 2022, 66% of the companyâ€™s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.

2023-01-24T16:11:21+05:30

Manish Gunwani appointed as Head-equities at IDFC Mutual Fund

Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.

2023-01-24T15:38:13+05:30

3 ways to reduce financial anxiety in 2023

Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond oneâ€™s control.

2023-01-24T14:44:13+05:30

Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers

According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.

2023-01-24T14:19:37+05:30

Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.

2023-01-24T10:33:11+05:30

Budget 2023 should bring tax parity between mutual funds and NPS

To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.

2023-01-24T10:28:03+05:30

IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO

The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.

2023-01-24T09:36:05+05:30

Gold ETF Inflow Slumps in 2022 on Rising Prices

"A rising price (of gold) puts some pressure on investors, with people holding back investments."

2023-01-23T10:41:29+05:30

Gold and silver funds offer double-digit returns. Should you invest?

There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.

2023-01-23T10:18:40+05:30

Fund review: PGIM India Midcap Opportunities Fund

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

2023-01-23T06:30:00+05:30

The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?

A radically different investing style has put the fund house in the spotlight.

2023-01-23T06:30:00+05:30

Insurers want NPS tax exemption for their pension schemes, too

"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.

2023-01-23T00:20:23+05:30

Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's Ramakrishnan

Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.

2023-01-20T15:52:04+05:30

10 new mutual fund offers or NFOs currently open. Should you invest?

Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.

2023-01-20T11:38:22+05:30

Small cap index schemes with low tracking error, expense ratio

There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.

2023-01-20T10:10:21+05:30

Fed to deliver two 25-basis-point hikes in Q1, followed by long pause

In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.

2023-01-20T07:52:25+05:30

Best mutual funds to build retirement corpus

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-01-19T12:07:20+05:30

Will debt mutual fund investors get better returns in 2023?

Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.

2023-01-19T10:31:44+05:30

Multi asset allocation funds attract large inflows. Are they worth your money?

Many fund houses launched multi asset funds recently and some more are in the pipeline. In this scenario, the question is- are multi asset allocation funds really worth the hype?

2023-01-19T09:53:02+05:30

Best medium duration mutual funds to invest in 2023

As per Sebi mandate, medium duration funds must invest debt in and money market instruments with Macaulay duration of three and four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more.

2023-01-19T09:07:10+05:30

Fed policymakers call for further rate hikes to beat inflation

The Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.

2023-01-19T07:59:03+05:30

Best medium to long duration funds to invest in 2023

Long term funds lose money when the interest rates are going up. However, they make double-digit returns when the rates starts to fall . If you can take risk, here are our picks for 2023.

2023-01-18T14:19:56+05:30

Will these mutual funds help me to make Rs 1 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-01-18T12:26:13+05:30

International funds offer 16.49% in three months. What should be your strategy?

Out of 69 schemes that have been in the market, 44 schemes have offered double-digit returns in the last three months. The top performers in this category were technology ETFs. Mirae Asset Hang Seng TECH ETF has offered the highest return of 39.97% in the three-month duration, followed by Mirae Asset Hang Seng TECH ETF FoF which offered 39.25% returns.

2023-01-18T11:30:10+05:30

"International funds offer attractive diversification opportunities," says Anil Ghelani of DSP Mutual Fund

Over the last few months markets have seen a bounce back from deeply oversold readings. The European and other emerging market stocks have also seen a sharp recovery.

2023-01-18T10:25:56+05:30

How does an actively managed scheme differ from passive scheme?

The active versus passive debate is raging in mutual fund circles. Here is a primer on how an actively managed scheme works and how it differs from a passive scheme.

2023-01-18T08:47:57+05:30

WhiteOak Capital Mutual Fund launches Balanced Advantage Fund

According to the press release, the fund houseâ€™s proprietary model will provide broad guidance regarding the relative valuation levels and scope of the asset allocation opportunities in the market.

2023-01-17T14:05:19+05:30

Mid cap index schemes with low tracking error, expense ratio

There are 11 index schemes in the mid cap mutual fund category, according to Ace Mutual Fund database. These schemes are benchmarked against Nifty Midcap 150 - TRI, Nifty Midcap 50 - TRI, NIFTY Midcap150 Quality 50 - TRI, and Nifty Midcap150 Momentum 50 - TRI.

2023-01-17T11:29:46+05:30

Baroda BNP Paribas Mutual Fund launches NIFTY SDL December 2026 Index Fund

The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. The maturity of the scheme will be December 31, 2026.

2023-01-17T10:30:03+05:30

Asset allocation is key in 2023, says Chirag Mehta of Quantum Mutual Fund

We are optimistic on Autos, not only from a valuation perspective but from a growth perspective also. Apart from autos, banking is expected to do well as credit growth is picking up. Third sector that is a value buy is IT.

2023-01-17T10:11:41+05:30

DSPâ€™s Aparna Karnik on what it means to invest in a quant fund

â€œFinancials is the largest sector in our portfolio because we anchored the fund weights around the index weights to the extent possible. So the top five sectors in the fund will also be the top five sectors in the index. We are focussed on quality as the core anchor of the stock selection and these type of stocks tend to be less vulnerable to economic cycles.â€

2023-01-17T09:51:47+05:30

SIP collection jumps 31% to Rs 1.5 lakh cr in 2022 on higher retail participation

The SIP book has grown consistently from Rs 11,305 crore in December 2021 to an all-time high of Rs 13,573 crore in December 2022. This was also the third time in a row, when monthly SIP contributions touched over Rs 13,000-crore.

2023-01-17T08:48:28+05:30

Alpha Alternatives Fund Advisors seeks Mutual Fund licence, files application with Sebi

According to the latest update with the Securities and Exchange Board of India (Sebi), Alpha Alternatives filed its applications with the regulator on November 8, 2022.

2023-01-17T08:32:48+05:30

Top large cap index schemes with low tracking error, expense ratio

There are 54 index schemes in the large cap mutual fund category.These schemes are benchmarked against Nifty50, S&P BSE Sensex, Nifty50 Equal weight Index, Nifty100 Low Volatility30 Index Fund, Nifty100, Nifty100 Equal Weight Index, Nifty Next50 Index, among others.

2023-01-16T13:34:54+05:30

Tata Mutual Fund launches Tata Multicap Fund

The New Fund Offer (NFO) opens for subscription on January 16 and closes on January 30. Thereafter the scheme re-opens for continuous sale and repurchase after allotment.

2023-01-16T10:07:01+05:30

4 themes this midcap fund manager is betting on in first half of the year

â€œWe should be prepared for a reasonably volatile first half followed by rebound or a positive back half of the year. In the volatile first half, one should invest in tranches and there are four or five themes that I would be bullish on investing in from a 3-year perspective.â€

2023-01-16T09:09:47+05:30

HDFC Taxsaver Fund: Fund review

The fund has seen a sharp shift towards outperformance in past two years, aided by the market tilt towards value stocks. It remains to be seen if the fund can sustain improvement in return profile over the long run.

2023-01-16T06:30:00+05:30

Active vs passive mutual funds: Where should you invest?

Persistent lag in several actively managed funds cannot be ignored. Focus on investing principles before pursuing either path.

2023-01-16T06:30:00+05:30

BSE StAR MF accounts for 76 pc of net equity inflow, 50% of new SIP in December

BSE Star MF has also processed 37.75 lakh transactions on December 12, 2022, surpassing its previous best single-day record of 34.29 lakh transactions on October 10, 2022.

2023-01-14T09:29:48+05:30

Best gilt mutual funds to invest in 2023

As per Sebi norms, these schemes must invest 80% of their corpus in government securities. Since these schemes invest in government papers or they lend to the government, they donâ€™t have any credit risk or they face zero defaults.

2023-01-13T11:51:07+05:30

Debt Mutual Funds log Rs 2.3 lakh crore outflow in 2022 on rate hike cycle

Morningstar India's Krishnan also said that concerns around rising inflation, a rising interest rate cycle, and the falling rupee have all likely led to a diminishing investor interest across debt fund categories.

2023-01-13T10:37:24+05:30

Several Fixed Maturity Plans are likely to hit market soon. Should you invest?

With interest rates at higher levels, traditional saving instruments like FDs have started looking attractive to investors. Similarly, fixed maturity plans (FMPs) and target maturity funds have become relatively more attractive.

2023-01-13T10:21:50+05:30

Rs 6,000 crore bonanza! These 3 index heavyweights topped mutual fundsâ€™ shopping list in December

Shares of HCL Technologies dropped sharply in December by more than 7%, after the company trimmed its revenue growth guidance for the current financial year, citing that higher-than-expected furloughs will affect growth in the second half of the year.

2023-01-13T09:51:58+05:30

Can I start investing in Quant Small Cap Fund?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-01-12T14:21:45+05:30

Direct mutual funds that topped the return charts in the last 10 years

Direct plans of two small cap schemes topped the return charts, followed by a large & mid cap scheme, technology schemes, and mid cap schemes.

2023-01-12T12:13:23+05:30

HDFC Mutual Fund launches Long Duration Debt Fund

With recent rise in interest rates, HDFC Long Duration Debt Fund also offers investors an opportunity to invest in the longer end of the yield curve and earn prevailing yields, says the fund house.

2023-01-12T09:58:08+05:30

What is an FPO & how does it benefit the company, shareholders?

2023-01-25T13:17:20+05:30

Adani FPO open from Friday: Dates, price band, review, other details in 10 points

The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.

2023-01-25T11:58:15+05:30

PayMate India told to re-file IPO papers with updated info

The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.

2023-01-25T06:28:10+05:30

Hotel development and investment firm SAMHI planning to file revised DRHP

The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.

2023-01-24T10:42:23+05:30

Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers

The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements

2023-01-23T19:36:31+05:30

Reliance Jio, Retail IPOs unlikely this year: JP Morgan

RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.

2023-01-23T13:27:38+05:30

Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028

2023-01-21T18:42:18+05:30

Asiaâ€™s richest man plans on IPOs for at least five companies

Adani Group has consistently aligned itself to support Prime Minister Narendra Modiâ€™s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.

2023-01-21T17:07:15+05:30

Rashi Peripherals files DRHP to raise Rs 750 cr via IPO

According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.

2023-01-19T19:05:13+05:30

Adani FPO opens Jan 27 at Rs 3,112-3,276 per share

The company will offer partly paid shares to retail investors at a discount of â‚¹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.

2023-01-19T06:54:18+05:30

Tata Tech starts work on IPO to raise up to Rs 4,000 crore

Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.

2023-01-19T06:00:00+05:30

Oyo to refile updated DRHP with Sebi by mid-Feb

The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyoâ€™s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.

2023-01-18T10:48:48+05:30

Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO

As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.

2023-01-17T20:22:56+05:30

Sebi returns Lava International's draft IPO papers; asks to refile with updates

The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.

2023-01-17T19:55:27+05:30

Two pharma companies get SEBI nod to raise funds via IPO

Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.

2023-01-17T17:18:33+05:30

Adani Enterprises to launch Rs 20,000 crore FPO

2023-01-17T10:06:01+05:30

Adani Enterprises files papers for Rs 20,000 crore FPO

The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.

2023-01-17T06:45:25+05:30

IPOs delayed as Dalal Street stays volatile, investors bearish

In the past six months, 27 companies with IPO plans worth â‚¹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of â‚¹15,000 crore are set to expire over the next two months.

2023-01-16T06:34:27+05:30

Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO

The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or â‚¹170 crore in the company for a 26% stake.

2023-01-13T06:22:54+05:30

Cyient unit files DRHP for Rs 740 crore IPO

Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.

2023-01-10T11:00:22+05:30

International Holding Company, Gulf SWFs may go big on Adani Enterprisesâ€™ $2.5 billion FPO

Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as â‚¹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.

2023-01-10T06:35:27+05:30

Why SME IPOs are emerging as top fund-raising platform for promoters

For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.

2023-01-08T11:59:34+05:30

JG Chemicals files preliminary papers with Sebi; to raise funds via IPO

Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.

2023-01-06T17:07:32+05:30

IPO tips from Zerodha CEO Nithin Kamath for B2C startups

He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."

2023-01-05T14:00:23+05:30

Radiant Cash lists at over 9% premium to IPO price

Shares of the cash logistics player closed at â‚¹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.

2023-01-05T06:24:44+05:30

Sah Polymers IPO subscription closes today: Check GMP & other details

The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.

2023-01-04T13:53:16+05:30

Sebi returns OYO's draft IPO papers; asks to refile with updates

The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore

2023-01-03T16:17:23+05:30

Sah Polymers IPO subscription to close tomorrow: Check GMP & other details

The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares

2023-01-03T13:56:50+05:30

IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore

Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.

2023-01-03T13:53:28+05:30

40 IPOs gave an average listing day gain of 10% in 2022: Report

Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.

2023-01-03T13:49:18+05:30

A lot is riding on Mamaearth's Street debut for FMCG Inc

In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.

2023-01-03T06:17:35+05:30

Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO

Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.

2023-01-02T16:23:01+05:30

Sah Polymers IPO subscribed 2.37 times on Day 2

Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.

2023-01-02T15:56:52+05:30

Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information

Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.

2022-12-31T17:49:43+05:30

2022's last IPO: Sah Polymers issue open from today. Should you subscribe?

Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.

2022-12-30T11:30:50+05:30

KFin Tech closes a tad below issue price on listing day

The stock closed at â‚¹364 apiece on the BSE, down 0.55% from its IPO price of â‚¹366. The stock touched a high of â‚¹372.40 and a low of â‚¹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.

2022-12-30T06:10:43+05:30

The biggest, best and worst-performing IPOs of 2022

2022-12-29T18:19:30+05:30

Survival Technologies files draft papers with Sebi to raise Rs 1,000 crore

The OFS will see the sale of shares to the tune of Rs 544.41 crore by Vijaykumar Raghunandanprasad Agrawal, Rs 212.41 crore by Nimai Vijay Agrawal and Rs 43.18 crore by Prabha Vijay Agarwal.Going by the draft papers, the company may explore a pre-IPO placement. If such a placement is undertaken, the size of the fresh issue will be reduced.

2022-12-29T17:29:26+05:30

Elin Electronics IPO to list on December 30; here's what grey market signals

The grey market data available for the stock for the past 14 sessions indicates a weak-to-modest listing for the stock. The stock has been trading at a discount for the past three sessions.For the last 14 sessions, the grey market premium or GMP for Elin Electronics has moved from a high of Rs 48 on 20 December to a discount of Rs 8 on 26 December. For the last three consecutive days, the GMP has been in the negative zone.

2022-12-29T13:48:00+05:30

The biggest, best & worst-performing IPOs of 2022

However, on the positive side, some stocks are trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging anywhere between 100% and 150% in 2022.

2022-12-29T13:23:22+05:30

Sah Polymers IPO to open on December 30. GMP, price band and other details here

As per market observers, the GMP for Sah Polymers was Rs 6 as of December 28, 2022. It has remained positive in the last three sessions. However, the buzz around the stock has been mixed among retail investors, but many brokers have recommendations on the IPO. The company's shares are expected to list on BSE and NSE on January 12, 2023.

2022-12-29T13:14:37+05:30

Indian companies likely to raise funds via public issues in 2023 as cash tightens: Bankers

"As rates are settling at higher levels, retail investors would be keen to put funds in public issues," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.

2022-12-29T10:54:40+05:30

Personal care brand Mamaearthâ€™s parent files papers for Rs 400 crore IPO

The OFS will see founders Varun Alagh and Ghazal Alagh and investors such as Sofina, Fireside Ventures, Evolvence India, Stellaris, and angel investors Kunal Bahl, Rishabh Mariwala, Rohit Bansal, and Shilpa Shetty Kundra, dilute their stakes.

2022-12-29T10:42:33+05:30

KFin Technologies IPO: Grey market signals a weak listing

The Rs 1,500-crore IPO of KFin Technologies was subscribed 2.59 times at the end of the three-day bidding process. The company received bids for 6.15 crore shares against the offered 2.38 crore shares. The portion reserved for qualified institutional buyers was subscribed 4.17 times, while retail investors bid for 1.36 times the shares set aside for them. Only 23% of the non-institutional investors' portion was subscribed.

2022-12-28T12:03:55+05:30

Elin Electronics IPO: Hereâ€™s how to check share allotment status and GMP

The Kolkata-based companyâ€™s IPO consisted of fresh issue of shares worth up to Rs 175 crore, and an offer for sale by promoter entities and other shareholders worth up to Rs 300 crore

2022-12-27T19:26:32+05:30

Radiant Cash Management IPO subscribed 53% on last day

The IPO consists of fresh issue of Rs 60 crore and an offer for sale of Rs 327.9 crore by the founders and other investors. The company is selling its shares in the range of Rs 94-99 apiece and in lot sizes of 150 equity shares and its multiples thereof.

2022-12-27T14:21:38+05:30

Radiant Cash Management IPO subscribed only 11% on Day Two

Brokerage firms are majorly positive on the issue, suggesting to subscribe to it, considering the valuations and business model. However, others are skeptical over the company due to rising competition and rich valuations.

2022-12-26T18:22:57+05:30

Sah Polymers IPO to kick off on December 30; price band fixed

Incorporated in the year 1992, Sah Polymers is a leading PP woven bag manufacturer in India (Udaipur, Rajasthan). It manufactures and exports PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs) and BOPP laminated bags.

2022-12-26T13:25:01+05:30

Radiant Cash Management IPO subscribed 2% during the first two hours

The company is selling its shares in the range of Rs 94-99 apiece between December 23-27, with a lot size of 150 equity shares and its multiples thereof. The offer comprises a fresh issue of Rs 60 crore and an offer for sale (OFS) of 3.31 crore equity shares.

2022-12-23T13:14:30+05:30

Gandhar Oil Refinery files DRHP to raise funds via IPO

The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.

2022-12-23T12:49:12+05:30

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