PAYTM IPO
Jio Platforms delivers biggest listing gain among India’s 5 largest IPOs, jumps 21% on debut
Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest listing-day gain among India’s five largest IPOs by issue size. Brokerages Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, subscriber monetisation and digital services growth.
Jio debuts on D-Street: India’s biggest IPOs delivered negative returns over one month after listing. Will Jio break the curse?
Jio Platforms has marked a significant milestone by successfully launching its market debut following India’s largest initial public offering, valued at Rs 30,213-crore. While historical trends indicate that stocks often experience negative returns post-major IPOs, initial reports present an optimistic outlook for Jio, with projections suggesting potential for growth as the company aims to expand its technological footprint through cutting-edge innovations across diverse sectors.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Jio IPO: Can India’s biggest-ever issue buck the trend of muted listing gains among mega IPOs?
Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 crore IPO. Historical insights indicate a varied trajectory for past mega IPOs in India. The overwhelming demand is evident from Jio's impressive 22.19 times oversubscription. Analysts are weighing Jio's market dynamics and valuation as they predict potential listing advantages, with investor strategies hinging on both immediate valuations and sustained business growth.
Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
D-St set for a negative opening as GIFT Nifty signals weak start
Benchmark Nifty gained on Monday, while broader markets also rallied amid ongoing geopolitical tensions. Analysts suggest that Indian stock markets will trade sideways until there is greater clarity on global developments. Foreign portfolio investors net sold shares, while domestic institutional investors were net buyers. The rupee depreciated for the third consecutive day, influenced by elevated crude oil prices.
- Go To Page 1
Can SFC Environmental Technologies IPO deliver long-term growth for high-risk investors?
SFC Environmental Technologies is planning an IPO to raise ₹150 crore for debt repayment and ₹517.5 crore for an offer for sale. The company has reported consistent growth in both revenue and profits, with significant contributions from repeat customers. Concerns include uneven cash flow due to high working capital and reliance on government contracts for revenue.
Retail investors return to equities with Rs 10,572 crore buying in September
After two months of silence, September marked the return of retail investors to the secondary market, as they invested ₹10,572 crore in equities. This shift occurred after a significant market dip linked to escalating oil prices. In contrast, foreign portfolio investors continued their exit strategy. Additionally, the primary market thrived with ₹5,650 crore in shares bought by retail investors, emphasizing that upcoming market conditions will shape their future involvement.
Jio’s record India IPO falls short of record payday for bankers
Jio Platforms raised about $3.1 billion through its record IPO, but intense competition among investment banks kept fees relatively low at around 0.65% of the issue size.
ESOP Muddle: 7 ways ESOPs are used to trick accounts, taking minority shareholders for a ride
Companies do not always pay employees through salaries and bonuses. Sometimes, they reward them with shares – or the right to buy shares at favourable prices. But promoters can use this to dress up profits.
India’s IPO league table: How the largest listings opened
Jio Platforms is set to launch its IPO bidding on October 21, offering 27 crore shares without any offer for sale. The price band is set between ₹1,065 and ₹1,119 per share, targeting a total of ₹30,213 crore. Following recent IPOs like Hyundai and LIC, which struggled below their original prices, market sentiment is now emphasizing profitability. Analysts will closely monitor Jio's listing amid this competitive landscape.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
Molbio Diagnostics shares rally 9% as Jefferies initiates 'high conviction top pick' call for recently listed stock. Why is it bullish?
Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesday’s close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980.
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.
Will NSE list on its own platform? MD & CEO Ashish Chauhan hints at very likely possibility
The National Stock Exchange's debut was characterized by a modest 0.8% premium on its initial public offering price. The Chairman underscored the necessity of adopting a long-term viewpoint when assessing the exchange's viability. NSE's strategic direction includes diversifying its revenue streams over the next five years to minimize dependence on transaction fees.
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.
Nifty faces crucial test at key support level of 23,000: Analysts
As Nifty edges closer to the vital support level of 23,000, the risk of falling to 22,600 becomes apparent. Traders are encouraged to adopt diverse strategies like long positions and hedging. The Bank Nifty is also positioned at a crucial support zone, leading to similar trading recommendations. Attention is drawn to stocks like Deepak Fertilisers and EID Parry for potential investments.
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.
Do Rs 10,000 crore IPOs reward investors? Rs 1 lakh crore history has a warning for NSE bulls
India's mega IPOs have yielded varied results for investors, with a notable four out of six trading below their initial issue prices, leading to disappointing returns. The upcoming IPO from NSE could encounter similar hurdles, primarily due to its high valuation and earnings that are closely tied to market volumes. Investors are advised to carefully evaluate valuation metrics and derivative dependencies before participating in this significant offering.
Rediff.com's IPO plans may get a fresh UPI tailwind as new MDR regime kicks in
Rediff.com's upcoming initial public offering (IPO) may find additional monetisation avenues as a result of the government's decision to levy a Merchant Discount Rate (MDR) of 0.4% on select high-value UPI merchant transactions, market analysts said after the new regime was announced on Tuesday.
Artemis Medicare shares gain 26% in 3 months; analysts see 30% upside
In a significant expansion move, Artemis Medicare Services plans to increase its hospital capacity, targeting nearly two thousand operational beds by 2030. The anticipated growth in international patient numbers and improved utilization rates are expected to contribute to revenue boosts. With new facilities in the pipeline, earnings are projected to see a considerable rise, prompting analysts to express a positive stance on the company's stock trajectory.
Dollar bonds to lose some lustre as US yields surge
Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further.
RBI’s Rs 50,000 crore OMO sale gets bids worth Rs 66,590 crore
The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week.
Sebi to examine discount brokers’ concerns over new UPI MDR
Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting October fifteenth. Brokers are particularly concerned that these additional costs may heavily burden them, as trades are not insured after the transfers are made. Additionally, the complexity of quarterly settlements could further escalate their expenses.
Rupee edges up on RBI support, softer oil prices
The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated, which also supported bond yields during the trading day. State-run banks actively sold dollars at weaker levels, influencing the currency's movement. The rupee traded within a defined range throughout the session. The dollar index saw an increase from its previous day's closing value.
Market rides out 'expected' US rate hike, Nifty up 0.2%
Indian stock markets wrapped up the day on a slightly positive note on Thursday, digesting the anticipated hike from the US Federal Reserve. The Nifty index gained traction, while the Sensex slipped marginally. As bond yields eased following the 25-basis-point rise and oil prices corrected, domestic institutions buoyed market performance amidst foreign investor sell-offs. This resilience in broader indices suggests a healthy sentiment among investors despite the volatility.
Paytm karo, back in vogue again: Can the stock reclaim IPO price after 5 years and 480% rally?
Paytm shares have rebounded over 480% from their lifetime low but remain 20% below the Rs 2,150 IPO price. The introduction of MDR on select high-value UPI transactions could create a new revenue stream for the fintech, while merchant lending, operating leverage and AI initiatives may offer additional growth avenues.
Paytm shares jump 7% as Jefferies, other brokerages raise target prices and earnings estimates after new UPI charges
Paytm shares surged over 7% after brokerages raised target prices following the introduction of MDR on select UPI transactions above Rs 2,000. Jefferies, JM Financial and Emkay Global retained Buy ratings on the stock.
Load More
