INDIA BIGGEST IPO
Reliance Jio IPO clock ticking: Can you still buy RIL for shareholders quota amid October 21 launch buzz?
On October 21, Reliance Jio is preparing to launch its IPO, aiming to raise around $3.8 billion. Eligible shareholders of Reliance Industries will have the chance to participate through the shareholder quota, which is available for a limited period. This public offering represents a prime opportunity for investors keen on Jio Platforms.
ElevenLabs CEO on AI slowdown; Prosus dials up fintech bets
Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch.
Last line of defence! How 7 Nifty stocks survived the market’s two-month bloodbath
In an unprecedented downturn, the Nifty has faced its longest losing streak in 25 years, sliding for over eight weeks as foreign investors withdrew significant funds from Indian equities. Despite this market decline in September, seven stocks, led by Kotak Mahindra Bank and Dr Reddy's Laboratories, demonstrated resilience. Particularly, Kotak Mahindra Bank's performance is linked to robust analyst endorsements and optimism surrounding the banking sector's recovery.
Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch.
Jefferies initiates coverage on newly listed Dhoot Transmission; sees up to 20% upside. Here's why
Jefferies has initiated coverage on Dhoot Transmission with a Buy rating and a Rs 1,730 price target, implying 20% upside. The brokerage expects strong two-wheeler demand, premiumisation and electrification to drive growth, with newer products adding to the opportunity. It forecasts 24% revenue and 27% EPS CAGR through FY29.
Wall Street’s $10 billion India hospital bet sparks a fight over bills
Wall Street has poured about $10 billion into Indian hospital chains over the past five years, with investors including Blackstone, KKR, TPG and General Atlantic betting on India’s huge shortage of hospital beds and rising demand for specialised care.
Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground
As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.
Carlsberg India IPO gets Sebi approval along with three other public offers. Check details
India’s IPO pipeline expands as Sebi clears papers for Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer. The approvals come amid strong primary-market activity, with over 50 companies filing draft IPO papers in September despite volatility in broader equity markets.
FY27 comeback: India IPOs raise record Rs 94,000 crore in first half, average listing gain doubles
Indian mainboard IPOs raised a record Rs 94,205 crore in H1 FY27, up 35% year-on-year, driven by a strong late-quarter surge in August and September. Average listing gains jumped to 19% from 7% last year, while overall public equity market fundraising touched Rs 2.43 lakh crore.
Hospital stocks slip after SC query on steep cancer drug markups
In a landmark ruling, the Supreme Court of India highlighted troubling markups on cancer drugs enforced by hospitals, urging a probe into reports of patients being directed to specific pharmacies for their medications. Following this announcement, the BSE Hospitals Index faced a steep 5% drop, leading to notable losses for industry giants like Apollo Hospitals and Fortis Healthcare.
AceVector IPO, 2 other mainboard offers see strong demand on Day 2. Check GMP, subscription status
Three mainboard IPOs: AceVector, Runwal Enterprises and German Green Steel & Power, entered their second bidding day with strong investor interest. German Green Steel’s issue was subscribed 3.14 times, while AceVector and Runwal Enterprises were each 37% subscribed. Meanwhile, 20 IPOs are scheduled to launch next week, targeting combined proceeds of Rs 1,292 crore.
NSE listing sees India's biggest exchange near bottom of Rs 10,000 crore IPO club
NSE made a muted debut with a 0.8% listing gain, placing it near the lower end of the Rs 10,000 crore-plus IPO club. Despite strong subscription and its dominant market position, the exchange delivered a modest debut. Brokerages remain constructive, citing long-term growth potential, strong fundamentals and India’s financialisation.
ETMarkets NRI Talk | AI’s 30x sales premium: Apurva Sheth on OpenAI, Anthropic and the valuation debate
OpenAI and Anthropic are reportedly commanding valuations that translate into roughly 30-38 times price-to-sales, compared with around 3.7 times for the average S&P 500 company.
IPO Calendar: 20 new issues to open for subscription in busiest week of the year
India's primary market faces its busiest week of the year as 20 IPOs open to raise Rs 1,292 crore. The line-up features four mainboard issues led by SRIT India, Vishal Nirmiti, Nityas Gems & Jewellery, and Shah Investor's Home seeking Rs 595 crore, alongside 16 SME offerings raising Rs 697 crore.
NSE’s modest listing puts spotlight on muted gains from big IPOs
The National Stock Exchange saw a solid 2% rise on its debut day following its IPO. In recent months, several major IPOs in India have struggled after their launch, with Hyundai Motor India and LIC experiencing steep losses on their first day. Conversely, LG Electronics India enjoyed a strong debut, while ICICI Prudential Asset Management held above its initial offer price.
NSE shares to list today: GMP signals 2% listing gains ahead of market debut
NSE IPO Listing time and GMP: The Rs 22,562-crore NSE IPO comprises entirely an offer for sale (OFS) of 12.64 crore shares. Since there is no fresh issue, NSE itself will not receive any proceeds from the IPO
NSE debut may not set D-St on fire, sparks to come later
NSE is set to debut on the stock market amid market expectations of moderate gains. Traders quote a grey market premium of around ₹83 per share, down significantly from earlier estimates. The IPO was subscribed 5.71 times, highlighting strong institutional interest despite expectations for lower listing gains. Strict supply rules could limit immediate trading shares, impacting initial price movements post-listing.
NSE IPO shares all set to list: GMP signals 2% listing gain ahead of market debut
NSE IPO Listing Date: National Stock Exchange of India (NSE) IPO shares will list on BSE tomorrow, September 24, 2026. Ahead of the debut, grey market premium signals a modest 2.4% listing gain over the upper price band of Rs 1,785. The Rs 22,562 crore offer for sale was subscribed 5.71 times overall.
NSE pays 20 banks Rs 186 crore in fees for IPO
The National Stock Exchange paid ₹186 crore to 20 advisory banks for its $2.4 billion IPO. At 0.82% of the total issue, the fee structure remains well below India’s market average, despite the IPO drawing strong institutional demand with a 5.7x overall subscription.
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