Author: Invest Policy

Investors who backed Innomet Advanced Materials Ltd. in its recent IPO were treated to an impressive return as the stock was listed with a whopping 90% premium on the NSE. On its debut trading day, the company’s shares were listed at ₹190, a significant jump from its IPO price of ₹100. The excitement in the market was evident, as buyers flooded the market, leaving no sellers in sight. As of 10 AM on listing day, the demand for the stock far outweighed the supply. There were 14,83,200 buy orders while the sell quantity remained at zero, a rare and telling…

Credit cards have become increasingly popular for their convenience and added benefits such as cashback, reward points, and easy financial solutions. However, if not used wisely, they can lead to financial trouble. To truly enjoy the perks of a credit card, here are five common mistakes to avoid. 1. Ignoring Your Credit Score Before Applying Before applying for a credit card, it’s crucial to check your credit score. A good credit score increases your chances of approval. Many people overlook this and face rejection. By keeping track of your credit score, you can also identify any discrepancies in your credit…

Bajaj Housing Finance (BHF) made headlines with its Initial Public Offering (IPO) after launching a massive Rs 6,650 crore public issue. The IPO saw overwhelming investor interest, receiving bids worth Rs 3.2 lakh crore, with the Qualified Institutional Buyers (QIB) portion getting subscribed a whopping 209 times. When the shares were listed on the BSE and NSE on September 16, they opened at Rs 150 per share, significantly above the issue price of Rs 70. By the end of the trading day, BHF shares closed at Rs 165, highlighting the tremendous interest and demand from investors. But what can investors…

PN Gadgil Jewellers, one of the prominent jewellery brands in India, has made an impressive debut on the stock market. The company’s IPO (Initial Public Offering), which was highly anticipated, saw a remarkable entry today as the shares got listed with a premium of 73% over the issue price. However, the excitement was short-lived as the stock faced some fluctuations during the day. Shares Opened Strong but Faced Dip Later The shares of PN Gadgil Jewellers were issued at Rs 480 per share in the IPO. When listed, the stock opened at Rs 834 on BSE and Rs 785 on…

If you’re on the lookout for a solid investment opportunity, Responsive Industries Limited is worth considering. The company’s stock has been gaining attention from brokerage firms, which are optimistic about its growth prospects. Responsive Industries is one of India’s largest suppliers of PVC membranes and synthetic products, playing a crucial role in numerous government infrastructure projects. On September 17, the company’s share price witnessed a slight increase of 0.36%, closing at ₹294.40 on the BSE. With a market cap of ₹7,848 crore, the stock’s 52-week high stands at ₹364.80, while its 52-week low is ₹255.25. Government Projects Boost Business Outlook…

Northern Arc Capital’s IPO is witnessing an overwhelming response from investors as it enters its second day of subscription. As of September 17, 2024, the issue was subscribed 9.99 times against the shares available for sale. This strong investor demand reflects growing confidence in the company’s financial performance and growth prospects. The IPO, which aims to raise ₹777 crore, will remain open for subscription until September 19, 2024. Subscription details and breakdown of investors The IPO of Northern Arc Capital is seeing mixed responses from different investor categories. Here’s a breakdown of the subscription numbers: Overall, the IPO has been…

On Tuesday, shares of Neogen Chemicals Ltd. were in the spotlight, jumping over 13% to an intraday high of Rs 1,814.85. Just a day earlier, the stock closed at Rs 1,601.30. Investors are excited as brokerage firm Avendus Spark gave a positive outlook on the stock. Avendus Spark has initiated coverage of Neogen Chemicals with a ‘buy’ rating, predicting that the stock could soar by 111% to Rs 3,600 in the next 12 months. Neogen Chemicals has already climbed 22% this year, but according to experts, there’s a lot more room for growth. Neogen Chemicals Expected to See Massive Growth…

Refex Industries has become a hot favorite for investors, showing an impressive performance in the stock market. Over the last few years, this company’s shares have seen unbelievable growth that has caught the attention of both new and seasoned investors. If you’re looking for an example of how the right stock can deliver excellent returns, Refex Industries is a perfect case. Let’s explore the company’s incredible journey and its business model. Massive Returns: 14000% Growth in 5 Years In just five years, Refex Industries has delivered an astounding 14000% return to its investors. To put this in perspective, the share…

In an exciting development, Quality Power Electrical Equipments, a leading player in high-voltage electrical solutions, is gearing up for an initial public offering (IPO). The company has officially submitted its draft papers to the Securities and Exchange Board of India (SEBI) on 16 September 2024, marking its entry into the capital market. The IPO is set to include fresh equity shares worth ₹225 crore, along with an Offer for Sale (OFS) of 1.2 crore shares by the promoter, Chitra Pandian. Use of IPO Proceeds The Pandian family, which holds a 100% stake in Quality Power, plans to use a significant…

Digital companies going public are paying higher fees to merchant bankers than traditional companies. Recent Initial Public Offerings (IPOs) from digital firms like Unicommerce eSolutions, Zaggle Prepaid Ocean Services, and Easy Trip Planners highlight this trend. But why are these charges higher, and what does it mean for investors? Higher Fees for Digital IPOs Compared to Traditional Companies According to the Prime Database, digital companies are paying significantly more to merchant bankers. For example, Unicommerce eSolutions paid 4.7% of the issue size in fees, Zaggle Prepaid Ocean Services paid 4.2%, and Easy Trip Planners paid 4.1%. In comparison, traditional companies…