Author: Invest Policy
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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…
The month of September has been buzzing with excitement in the stock market as multiple IPOs hit the market, offering fresh opportunities for investors. This week, three major IPOs have opened for subscription: Western Carriers (India) IPO, Arcade Developers IPO, and Northern Arc Capital IPO. Investors have until September 19 to make their decision. The big question is—which of these IPOs is the best investment choice? Experts Favor Northern Arc Capital IPO Among the three, market experts are showing the most confidence in Northern Arc Capital IPO. Financial experts believe that Northern Arc Capital has the potential to expand its…
Massive Growth in Motisons Jewellers Shares Since IPO In just nine months, Motisons Jewellers shares have witnessed an extraordinary surge. On September 17, 2024, the shares closed at Rs 256.95, a significant leap from the Rs 55 price during the company’s IPO earlier this year. Investors who entered during the IPO have enjoyed massive gains, with the stock price increasing by over 365%. The company’s stock has touched a 52-week high of Rs 273.95, while the low for the same period was Rs 87.10. Board Meeting on September 19 to Discuss Stock Split Motisons Jewellers has recently announced through a…
Oracle’s AI Capabilities Drive Stock Surge and Exceptional Market Performance Oracle Corporation is rapidly gaining prominence in the Artificial Intelligence (AI) sector, with its stock reaching an all-time high last week. Despite a challenging environment for technology stocks in August, Oracle’s stock surged by 14 percent, marking a standout performance. In 2024 alone, Oracle’s shares have increased by 54 percent, making it the second-best performing stock in the US market after Nvidia. Impressive Revenue Projections Propel Oracle’s Market Confidence The rise in Oracle’s stock is attributed to strong revenue projections. Analysts predict that Oracle’s revenue will climb to $66 billion…
The Arkade Developer IPO is witnessing significant attention from investors, with the issue being subscribed a remarkable 16.21 times by the second day of its opening on 17 September 2024. Investors have placed bids for a total of 38.53 crore shares, while the company is offering only 2.37 crore shares. With this, Arkade Developer aims to raise Rs 410 crore through this issue. The subscription period for this IPO will remain open until 19 September 2024. The price band for the IPO has been set between Rs 121-128 per share, and the enthusiastic response, especially from retail investors, signals high…
In today’s rising market, mutual fund investments are drawing attention due to the high returns being offered. However, along with these promising returns, the risk factor also rises. With the Indian market’s valuation increasing, investors are looking for ways to diversify their portfolios to reduce this risk. When it comes to mutual funds, both multi-cap and flexi-cap funds offer diversification, but they differ in certain aspects. Let’s break down these two options and understand which could be the right investment choice right now. Multi-Cap vs Flexi-Cap: What’s the Difference? Both multi-cap and flexi-cap funds invest across large-cap, mid-cap, and small-cap…