Mobikwik leads IPO debut with 90% surge; Vishal, Sai Life gain...

The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Illustration: Dominic Xavier/Rediff.com Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.   ...

Hyundai Motor India Limited’s (HMIL’s) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore — 1.77 per cent of the issue size — in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the ...

The three IPOs, which together mopped up over Rs 11,600 crore, broke the trend of poor subscriptions, and are also expected to break the spell of weak listings. Illustration: Uttam Ghosh/Rediff.com It is not just the secondary market that is witnessing a revival in fortunes. Even the initial public offering (IPO) market  have roared back to life, with investors submitting bids worth over Rs 2.2 trillion on the three IPOs that wrapped up on Friday.   Fashion retailer Vishal Mega Mart ...

'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best (finest) moments.' 'There are some things which we will never forget. That is when the best of a person comes out.' IMAGE: Then Tata Sons chairman Ratan Tata with Tata Sons Director R K Krishna Kumar to his left at the Taj Mahal hotel in Mumbai after it was cleansed of terrorists, November 29, 2008.

India’s financial sector is dominated by large government-owned and private-sector banks. Photograph: Kind courtesy Bajaj Housing Finance Major players like State Bank of India (SBI), HDFC Bank, and ICICI Bank control much of the financial space, spanning lending, insurance, and asset management. However, Bajaj Group is now challenging this dominance, thanks to the high profitability and market capitalisation (mcap) of its financial arms such as Bajaj Finserv, Bajaj Finance, and the ...