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In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.

The company will sell its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares. However, this Rs 835.61 crore issue is entirely an offer for sale by the promoters and existing shareholders of the company.

The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).

Dharmaj has a strong positioning in the agrichemical value chain with a portfolio of 414 agrochemical formulations and six agrochemical technicals. The company expanded the installed capacity significantly to 25,500 metric tonnes (MT) in FY22 compared with 9,150 MT in FY20.

Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.

It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals' portion was subscribed.

Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.

The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.

The company's ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.

The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals' portion received bids for 14.9 times the shares reserved for them.

Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.

Incorporated in 1995, Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is engaged primarily in the business of real estate construction, development and other related activities.

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.

Before jumping into any statistics, let's discuss what the macroeconomic situation has been over the last 10 months. The economy has witnessed a roller coaster ride of events, from the Russia-Ukraine War to skyrocketing inflation, markets have seen it all. High commodity prices have hit companies' margins all over the world.

Last heard, the company's shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a premium of about 30% compared to its issue price of Rs 407.

Experts believe that one shall not expect a dry season for the primary markets but investor's interest and risk appetite have taken a hit after a long series of muted listings, which has dented both number and sizes of the issues.

By the close of trading, however, Nykaa’s stock price recovered to close flat at Rs 185. With the post-IPO lock-in of shares ending for large investors, who had bought the stakes when these companies were private, market players feel there’s more pain for these scrips. For one, these stocks are expected to be weighed down further by large-size selling by early backers. Secondly, fearing a large sell-off, prospective investors will also be cautious to buy these stocks, a trader said.

The IPO will include a fresh issue of shares worth up to Rs 1600 crore

Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.

The Mumbai offering may raise between Rs 30 billion and Rs 40 billion, they said, asking not to be identified as the information is private. The IPO may consist of about 75% primary shares and the rest in existing shares, one of the people said.

According to the data from BSE, the investors made bids for 1,21,52,241 equity shares or 1.41 times compared to the 86,47,858 equity shares offered for the subscription by 12.15 pm on Wednesday, November 16.

The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."

KFintech is also the largest issuer solutions provider in India based on the number of clients serviced and holds a 43% market share based on the market capitalisation of NSE 500 companies and a 34% market share based on the number of clients serviced within NSE 500 companies, as on January 31, 2022.

Analysts tracking the grey market said the issue received a strong response from institutional bidders which boosted the sentiments over the issue. One can expect a mildly positive listing for the stock.Abhay Doshi, co-founder at UnlistedArena said the company received a strong response from QIB bidders which pushed the morale of investors despite aggressive pricing. "One can expect 10-15% returns on debut."

Global Health is one of the largest private multi-speciality tertiary care providers operating in North and East India. It has a network of five hospitals under 'Medanta' brand in Gurugram, Indore, Ranchi, Patna and Lucknow.Dealers tracking the grey market said the lower-than-expected response to the issue dented sentiments for the company and one should not expect any fireworks at listing.

The company's Rs 1,960 crore IPO was sold in the range of Rs 450-474 per share and received a muted investor response, just sailing through between November 9-11 as retailers and HNI investors kept off the issue, and it barely sailed through.

The company will use the IPO proceeds towards funding capital expenditure for setting-up of 25 new stores, two warehouses, financing working capital requirements of the company, repayment or pre-payment, in full or part, of certain borrowings availed by the company and general corporate purposes.

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance (O&M) service providers within India, specifically the provision of O&M services for wind turbine generators.

The company is selling its shares in the range of Rs 514-541 apiece between November 14 and 16, with a lot size of 27 equity shares

Last heard, the shares of Archean Chemical were commanding a premium of around Rs 95-100 in the grey market, hinting for a strong listing pop. The premium in the unofficial market has been hovering around the same levels.

The initial public offering of Fusion Micro Finance ran between November 2-4 wherein the company sold its shares in the range of Rs 350-368 apiece to raise Rs 1,104 crore.

The portion reserved for the qualified institutional buyers was subscribed 98.47 times, while the non-institutional investor's segment saw bids of 21.21 times. The retail investor portion was subscribed 4.09 times.

In September, the Securities and Exchange Board of India (Sebi) announced it would be introducing a special confidential filing framework through which companies will be able to file offer documents privately with the market regulator and seek its comments. They needn't file any public offer document until the actual launch of the IPO. Sebi will soon publish the final guidelines on this framework.

Keystone Realtors is a well-established customer-centric brand with an asset-light and scalable model resulting in profitability and stable financial performance, said Anand Rathi Research, adding that it is among the leading residential real estate development companies.

Edelweiss Financial Services, DAM Capital Advisors, Equirus Capital, IDBI Capital Market Services and Systematix Corporate Services are managers to the issue, whereas Link Intime India is appointed as the registrar to the issue.

The company provides manufacturing and life-cycle support for players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things (IoT), Information Technology and other segments.

The Rustomjee Group company's IPO includes a fresh issue worth Rs 560 crore and an offer for sale (OFS) of up to Rs 75 crore by the promoters - Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta.

Consequently, the average oversubscription multiple for the quantum of stocks reserved for high net worth individuals (HNIs) and non-institutional investors was 13 times this fiscal year, compared with a mean of 150 times last year.

Winner or the Startup of the Year category at the ET Startup Awards 2022, Razorpay has already surpassed its annual gross transaction value (GTV) target of $90 billion for this year, hitting the $100 billion mark even as online businesses are starting to see a slowdown.

Usually, analysts value the real estate companies by discounting the future cash flows. However, due to lack of availability of data for that, the company can be valued on price-earnings (P/E) multiple. On FY22 earnings, the company demands a P/E of 45 times. Oberoi Realty, Macrotech and Godrej are at 31, 36 and 102 times.

As the primary market remains buoyant amid a bullish mood in the stock market, another IPO by a Rustomjee Group company is set to open on Monday. The Rs 635-issue comprises fresh issue of Rs 560 crore as well as offer for sale (OFS) of Rs 75 crore. The issue will open on November 13 and will conclude on November 16.Here are the key facts to note about the IPO before the issue opens to take an investment call

The company received bids for 2.12 crore shares against the offered 3.05 crore shares, according to the data available on the stock exchanges. Overall, the issue was subscribed 0.70 times.

The majority of the brokerage firms remain positive about the company citing its strong order book and growth prospects. However, a few remain concerned about the company citing high competition and high customer concentration.

Five Star Business Finance, whose IPO also closes today, has seen only 48% bids so far. At the same time, Inox Green which opened on Friday garnered 12% bids and Kaynes Tech 33% on day 2 of the book-building process.

Archean Chemical Industries is India's largest exporter of bromine and industrial salt in the fiscal year 2020-21. The company is the leading speciality marine chemical manufacturer in India.

Five Star Business Finance is available at the upper price of the band at 3.7x P/BV and returns on net worth of 13.86%, and ROA is 7.5%. Five Star Business Finance is fairly priced, said Anand Rathi with a 'Subscribe for long term' rating.

Edelweiss Financial Services, DAM Capital Advisors, Equirus Capital, IDBI Capital Market Services and Systematix Corporate Services are managers to the issue, whereas Link Intime India is appointed as the registrar to the issue.

Inox Green Energy IPO: The valuation of Inox Green looks reasonable, considering the nature of its business and the comparative margin profiles. Inox Green has much better EBITDA margins than its global peers, said KR Choksey Research.

The quota reserved for qualified institutional buyers (QIBs) was subscribed 80.6 times while those reserved for non-institutional investors (NIIs), retailers and employees were subscribed 7.1 times 4.77 times and 4.38 times, respectively.

The trading range of the index also widened a bit as it oscillated in the 401.55-point range while staying a whisker away from lifetime high. Following strong moves in the last two sessions, the headline index Nifty ended with a net gain of 205.1 points (+1.12%).

With the financial services sector performing well in the recent past, and indicating a potentially sharp upside over the long term, as a savvy investor, you may consider moving beyond banking stocks and stepping up your portfolio by building positions in these financial services heavyweights.

In the second quarter of the current financial year, the net profit of the lender stood at Rs 13,265 crore, higher by 74 per cent compared to the previous similar period.

Prices also started the new week on a weaker note as fresh COVID-19 curbs in the top consumer, China, clouded demand outlook, while a stronger dollar added to the downbeat mood.

These new IPOs that came in were typically very large-sized IPOs. These large-sized IPOs meant that professional investors needed to have that as part of their portfolio as an object of diversification. And that meant that most of the performance of these portfolios have been down relative to the market.

The midcap IT stocks would play catch up but it would not be rally but a recovery and a decent enough recovery which one can invest or trade in for at least some time.

For 32 years if someone can predict the bottom every month, surely his portfolio should be multiple times that of someone who just invests on the 1st of every month. After all, we hear so much about compounding.

"I would look at IT very closely. If your fundamental thesis is that it is not a very sharp slowdown in the global economy, our IT sector which is down about 20% year-to-date, might come back much better. So, I would start taking some positions in IT as a contrarian bet."

SEBI had given Oyo the permission to submit updated financials before it examined and finally processed the company’s IPO application.

Household spending increases due to cheaper consumer financing. Similarly, higher government & private CAPEX improves the economic outlook, leading to a re-rating in stock market valuation.

A few weeks ago, the crypto exchange company began by sharing wallet addresses for cryptocurrency assets worth billions of dollars. The company demonstrated with this action that it does own a lot of assets and is capable of processing a ton of withdrawals, the report said.

Nonetheless, Zhao said he expected the industry to recover. "(This year) was a very nasty year, the last two months too much has happened. I think now we see the industry is healthier... just because FTX happened it does not mean that every other business is bad," he said.

Regarding user assets, the business creates a cryptographic seal using a Merkle tree that contains all individual user accounts. A few weeks ago, the crypto exchange company began by sharing wallet addresses for cryptocurrency assets worth billions of dollars.

The regulator asked Paytm Payments Services Ltd, a 100% subsidiary of One 97 Communications, to reapply after getting the necessary approvals for foreign direct investment in the company to comply with existing rules, the company said in a notification to stock exchanges on Saturday.

It was feared that the economic slowdown in Europe and the US would affect the IT sector, but that has not happened. Contrarily, the majority of businesses have reported strong growth, even in Europe. While the situation is volatile, companies are confident of navigating the same successfully.

Most PSU banks had lost market share and were quoting at lower book values due to underperformance for the past few years. But these banks are now garnering high advances with rising system credit growth.

Among the indices, the Nifty Bank has registered the biggest increase in its profitability. The buoyant loan growth, margin improvement, and lower provisions have aided the profits. With the macro environment in favour, the banks are expected to continue to perform effectively.

Cryptocurrencies are just one use case of blockchain. Blockchain forms a big part of a wider used term called Web 3.0. Most experts predict the internet to evolve into a more decentralised structure that we call Web 3.0. Metaverse is another cog of Web 3.0. Many experts believe it is the future of the Web. Smart contracts based on blockchain will play a big role in the future.

"Being a contrarian investor helps me overcome my emotions. I see the market falls as an opportunity to invest at the lows. I also stagger the purchases/sales as my experience has taught me that markets tend to overdo on both sides."

​​​Four days into World Cup, Nike teams have accumulated 15 points, while Adidas-clad teams have accumulated 11 points. So far during the tournament, shares of Nike have climbed over 1%, while Adidas and Puma are each down more than 3%.

The bear markets are also a good time to invest in strong projects with good fundamentals due to lower prices. It is when investors have low confidence due to prolonged price dip, and as a result, the valuations are attractive.

US retail stocks have become a barometer of consumer confidence as inflation bites. So far this year, the S&P 500 retail index is down a little over 30%, while the S&P 500 has fallen 15%.

Potential risks highlighted by Macquarie Capital Securities for Paytm’s business from the foray by Reliance Industries into financial, prompted investors to dump shares of One97 Communications, which has already been one of the worst performers in 2022 so far.

Sebi has defined technical glitch as any malfunction in the systems of stockbrokers, including in its hardware, software, networks, processes or any products or services provided by the stockbroker in electronic form.

The offer size is around ₹493 crore at a floor price of ₹294 a share. Earlier, market participants were doubtful if investors would tender shares in the open offer at all since the stock price was trading way higher than the purchase price. If fully subscribed, the ₹492.81 crore open offer will increase Adani group's holding in NDTV to 55.18%.

At Indus’s second quarter earnings call last month, CFO Vikas Poddar had said that the company is raising funds via issuance of NCDs as it’s classified as a large corporate, and is accordingly, required to comply with a provision of raising a minimum 25% of its incremental long-term borrowing by way of debt securities.

The S&P 500 has gained an average of 1.6% during December, the highest average of any month and more than double the 0.7% gain of all months, according to data from investment research firm CFRA. September, meanwhile, is the worst month of average for stocks, with a 0.7% average decline.

The Dow Jones Industrial Average rose 19.0 points, or 0.06%, at the open to 34213.04

The disposal of wastewater without proper treatment has put significant pressure on India's already scarce water resources and the quality of those resources, ADB Private Sector Operations Department Director General Suzanne Gaboury said.

In addition, Sebi has extended the deadline to January 27 for the implementation of the framework on validation of instructions for pay-in of securities from client demat account to trading member pool account against obligations received from the clearing corporations.

In the first six months of the current fiscal, its revenue jumped 27.8 per cent to Rs 5,419 crore from which it earned a net profit of Rs 38.05 crore against a loss of Rs 57.8 crore in the year-ago period, according to the addendum filed with the Sebi.

"Stock brokers shall deploy adequate monitoring mechanisms within their networks and systems to get timely alerts on current utilisation of capacity going beyond the permissible limit of 70 per cent of its installed capacity," Sebi said.

In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.

"The board has approved the buyback of fully paid up equity shares having a face value of Re 1 each of the company at a price not exceeding Rs 200 per equity share and not exceeding Rs 98 crore payable in cash via open market route," IEX said.

As reflected by the fear gauge index India VIX, volatility has been cooling off for the last nine weeks and supporting the bulls to hold at higher zones. The momentum indicator has reached the falling trendline on the daily timeframe.

The 30-share BSE Sensex closed up 20.96 points at 62293.64

In the Nifty50 index, 29 stocks closed in the green, while 21 stocks ended in the red.

In the Nifty pack, 29 stocks closed in the green, while 21 stocks ended in the red.

The Nifty IT index closed 0.52 per cent up at 30334.6.

The Nifty Pharma index closed 0.62 per cent up at 12968.45.

The Nifty Bank index closed 0.21 per cent down at 42983.95.

The NSE Nifty index closed 28.65 points up at 18512.75

The 30-share BSE Sensex closed up 20.96 points at 62293.64

If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.

If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.

Experts believe that all insurance products covering mental health will help remove the stigma around it and positively influence the health-seeking behaviour of patients

The insurer’s premium valuation will sustain on the back of its market leading share, fairly diversified product mix, strong multi-channel distribution network, solid technological prowess, strong solvency profile, and healthy profitability