A Strong Start to 2025 IPOs The Standard Glass Lining IPO, the first mainboard initial public offering of 2025, opened for subscription on January 6 and was fully subscribed within an hour. The IPO has generated significant investor interest, reflecting strong demand across retail and institutional segments. Scheduled to close on January 8, the IPO…
ITC’s Hotels Demerger Takes Effect ITC shares are now trading ex-demerger, reflecting the separation of its hotels business. Following a special trading session for price discovery of ITC Hotels shares on January 6, the market assigned ITC a price of ₹455.60 on the NSE and ₹455 on the BSE. This adjustment marks a critical milestone…
Vinay Hiremath, the Indian-origin co-founder of Loom, made headlines in 2023 after selling his company to Atlassian for a staggering $975 million. Despite achieving financial freedom at just 33, Hiremath recently revealed the personal struggles he has faced since this life-changing event. In a candid blog post titled “I am rich and I have no…
Jagdeep Singh, the founder of QuantumScape, made headlines with his extraordinary ₹17,500 crore annual compensation, equivalent to earning an astonishing ₹48 crore daily. During his tenure, Singh became the world’s highest-paid CEO, with his earnings dwarfing those of industry heavyweights. His compensation was tied to stock options and performance milestones, underscoring his transformative impact on…
Rivian Automotive (RIVN) shares soared by 23% on Friday, reaching their highest level in five months. The rally followed the electric vehicle (EV) maker’s announcement that its full-year production exceeded revised estimates and that a production issue affecting its output had been resolved. 2024 Production Figures The Illinois-based manufacturer reported that it built 49,476 vehicles…
Indo Farm Equipment Limited, specializing in tractors, Pick & Carry Cranes, and harvesting equipment under the brands Indo Farm and Indo Power, recently concluded its Initial Public Offering (IPO). Here’s everything you need to know about checking the allotment status and details of the IPO. How to Check Indo Farm Equipment IPO Allotment Status Online…
Shares of Avenue Supermarts Ltd, the parent company of DMart, surged 15% on January 3, 2025, reaching ₹4,152.75 on the NSE. The rise follows the company’s strong business update for the December quarter (Q3 FY25). Q3 FY25 Highlights Performance Comparison Recent Financial Performance (Q2 FY25) Key Metrics Store Growth: CEO’s Statement: Neville Noronha, CEO &…
Jai Corp stock share price plummeted to its 52-week low of ₹247.90 on Thursday, January 2, after hitting the 20% lower circuit limit. The sharp decline comes amid heavy trading volumes following the announcement that Urban Infrastructure Holdings Pvt. Ltd. (UIHPL), where Jai Corp holds a 32% stake, is seeking shareholder approval for a proposed…
The much-awaited Indo Farm Equipment IPO has garnered significant attention in the market. With the share allotment scheduled for January 3, 2025, here are 10 essential points that investors should keep in mind before the stock gets listed on January 7, 2025. 1. Grey Market Premium (GMP) 2. IPO Subscription Numbers 3. Price Band and…
As 2025 begins, India stands out as a beacon of economic stability amid a volatile global economy. With expectations of sustained growth, driven by fiscal policies, private capital expenditures, and easing credit conditions, the nation’s stock market is poised for continued strength. Key sectors like infrastructure, technology, and consumer goods are expected to lead the…
