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<ul><li><keyword id="15151029" type="General" weightage="20" keywordseo="ikio-lighting" source="Orion">IKIO Lighting</keyword> is expected to announce its share allotment status today.</li><li>The shares of IKIO Lighting were subscribed by 67.75 times overall.</li><li>The shares are expected to be listed on the stock exchanges on June 16.</li></ul>Noida-based<a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-ten-things-to-know-before-you-subscribe/slidelist/100767847.cms"> IKIO Lighting</a>, a manufacturer of light-emitting diode (LED) lighting solutions, is expected to announce the allotment status of its initial public offering (IPO) today, that is June 13. The <keyword id="15151031" type="General" weightage="80" keywordseo="ikio-lighting-ipo" source="Orion">IKIO Lighting IPO</keyword> opened on June 6 and closed on June 8. The price band for the IPO was ₹270 to ₹285 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the IPO was subscribed 67.75 times, receiving bids for 101.92 crore equity shares against 1.52 crore shares on offer. While the qualified institutional buyer portion was subscribed 163.06 times, the non-institutional investors portion was subscribed 65.38 times. The retail portion also witnessed good participation and was subscribed 14.31 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of IKIO Lighting are currently commanding a grey market premium (GMP) of ₹102 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="How to check IKIO Lighting IPO allotment status?" comment="subhead" text="How to check IKIO Lighting IPO allotment status?">How to check <keyword id="17681395" type="General" weightage="100" keywordseo="ikio-lighting-ipo-allotment" source="Orion">IKIO Lighting IPO allotment</keyword> status?</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the IKIO Lighting IPO allotment status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Select IPO and then select ‘IKIO Lighting’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will be able to see your application status. It will show the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the IKIO Lighting IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘IKIO Lighting’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>You will be able to see the number of shares allotted to you.</li></ul>You must click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="IKIO Lighting listing date" comment="subhead" text="IKIO Lighting listing date">IKIO Lighting listing date</cmsannotation> The shares of IKIO Lighting will be listed on the stock exchanges on June 16. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/covid-19-vaccination-data-reportedly-leaked-id-proof-date-of-birth-and-other-details-available-on-telegram/articleshow/100931799.cms">Covid-19 vaccination data reportedly leaked – ID proof, date of birth and other details available on Telegram</a> <a href="https://www.businessinsider.in/tech/news/covid-19-vaccination-data-reportedly-leaked-id-proof-date-of-birth-and-other-details-available-on-telegram/articleshow/100931799.cms">Tendulkar, Ganguly, Gavaskar analyse team India’s WTC loss and road ahead</a> <a href="https://www.businessinsider.in/tech/news/india-dominates-smartwatch-market-accounts-for-over-a-quarter-of-global-sales-in-q1-2023/articleshow/100522354.cms">India dominates smartwatch market, accounts for over a quarter of global sales in Q1 2023</a>

IKIO Lighting IPO - How to check allotment status, listing date and more

IKIO Lighting IPO opens today: 10 things to know before you subscribe

LED lighting solution provider <keyword id="15151029" type="General" weightage="100" keywordseo="ikio-lighting" source="Orion">IKIO Lighting</keyword> Ltd on Thursday said it has fixed a price band of Rs 270-285 per share for its Rs 606-crore initial public offering (<keyword id="6354763" type="General" weightage="80" keywordseo="ipo" source="Orion">IPO</keyword>). The issue will be open for public subscription during June 6-8 and the bidding for anchor investors will open on June 5, the Noida-based company said in a statement. The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity stocks by promoters Hardeep Singh and <keyword id="2491354" type="General" weightage="50" keywordseo="surmeet-kaur" source="Orion">Surmeet Kaur</keyword>. At the upper end of the price band, the initial share-sale will fetch Rs 606.5 crore. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore will be used in the company's wholly-owned subsidiary, <keyword id="17582560" type="General" weightage="50" keywordseo="ikio-solutions" source="Orion">IKIO Solutions</keyword>, to set up a new facility at Noida, <keyword id="6357713" type="General" weightage="50" keywordseo="uttar-pradesh" source="Orion">Uttar Pradesh</keyword>, and for general corporate purposes. The company said that half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 10 per cent for non-institutional investors. Further, investors can bid for a minimum of 52 equity shares and in multiples of 52 equity shares thereafter. IKIO Lighting is a manufacturer of light-emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures and supplies products to customers who then further distribute these products under its brands. It has four manufacturing facilities with one located in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida in the National Capital Region. IKIO Lighting's revenue from operations jumped 55.47 per cent on year-on-year basis to Rs 331.84 crore in fiscal 2022 from Rs 213.45 crore in fiscal 2021 and profit after tax surged 75.37 per cent to Rs 50.52 crore from Rs 28.81 crore during the period. Motilal Oswal Investment Advisors is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on the BSE and NSE. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/royal-enfield-sales-rise-22-in-may-at-77461-units/articleshow/100679587.cms">Royal Enfield sales rise 22% in May at 77,461 units</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gst-collection-rises-12-to-1-57-lakh-crore-in-may/articleshow/100679573.cms">GST collection rises 12% to ₹1.57 lakh crore in May</a>

IKIO Lighting sets IPO price band at ₹270-285/share

<ul><li>The IPO consists of a fresh issue of ₹350 crore and an offer for sale of upto 7.5 million shares by shareholders and promoters.</li><li>The proceeds from the <keyword id="15151031" type="General" weightage="20" keywordseo="IKIO-Lighting-IPO" source="Orion">IKIO Lighting IPO</keyword> will be used to repay debt worth ₹50 crore. As of August 2022, the company’s total outstanding borrowings amounted to ₹70 crore.</li><li>It is looking to open a new facility at Noida, Uttar Pradesh.</li></ul>IKIO Lighting, which is a provider of light-emitting diode (LED) lighting solutions, has filed draft papers with the Securities Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The company intends to raise as much as ₹350 crore, via a fresh issue and an offer for sale. The proceeds from the IPO will be used to repay debt worth ₹50 crore. As of August 2022, the company’s total outstanding borrowings amounted to ₹70 crore. Further, it is looking to open a new facility at Noida, Uttar Pradesh by investing IPO proceeds worth ₹236 crore via its subsidiary IKIO Solutions. IKIO Lighting has four facilities with one in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida. As of March 2022, it had an annual installed capacity to manufacture 20.31 million LED light pieces. The company had witnessed a partial shutdown of its units during lockdown. “Due to the nationwide lockdown, we were required to shut down our manufacturing operations from March 25, 2020 to May 3, 2020. Any future restrictions on our workforce’s access to any of our manufacturing facilities and the health and availability of our workforce could limit our ability to meet customer orders and have a material adverse effect on our business, results of operations and financial condition,” said the company in DRHP. In the past three fiscal years, it provided products to over 900 domestic and six international customers. Philips Electronics is one of its largest customers. The company is in negotiations with some of its existing customers to supply their LED home lighting products to their international supply chain. Along with its improving profitability in the last three years, the company’s EBITDA margin has also improved over time. It was at 23.3% in FY22; 22.4% in FY21 and 16.94% in FY20. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fiscal year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹333 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹50 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹214 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹28 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹221 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹21 crore </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/electronics-mart-india-ipo-set-to-open-on-oct-4-commands-grey-market-premium-of-30/share/articleshow/94620046.cms">Electronics Mart India IPO set to open on Oct 4; commands grey market premium of ₹30/share</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/heres-all-you-need-to-know-about-suzlon-energys-1200-crore-rights-issue-after-founder-tulsi-tantis-death/articleshow/94617068.cms">Here’s all you need to know about Suzlon Energy’s ₹1,200 crore rights issue after founder Tulsi Tanti’s death</a>

Noida-based LED IKIO Lighting files DRHP with SEBI to raise ₹350 crore

IPO gold rush: All but 4 IPOs in FY24 gave positive returns on listing

<ul><li>Tata Technologies, Snapdeal, Fabindia and Navi Technologies are some of the most awaited IPOs of the season. </li><li>Around 13 companies filed their DRHPs between April to June 2023. </li><li>More tech, fintech and direct to consumer companies are expected to go public in the next two years.</li></ul>After a slow start in 2023, the <keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword> market picked steam after the new financial year started in April. As many as 20 new companies listed on BSE and NSE, raising as much as ₹15,000 crore as of August. An IPO (Initial Public Offer) is the first sale of shares by a privately owned company to institutional and retail investors. Though it’s a far cry from ₹58,346 crore raised in 2022 — a lot of large and small companies alike have filed their draft red herring prospectus (DRHPs) with market regulator SEBI — promising an exciting year ahead. As per an E&amp;Y report, around 13 companies filed their DRHPs in April to June 2023, adding to the pipeline. Most active sectors in recent IPOs include hospitality &amp; construction, automotive &amp; transportation, diversified industrial products, and real estate. Apart from Rishabh Instruments’ ₹490 crore public offer and Ratnaveer Precision Engineering’s ₹165 crore public offers in the coming weeks, the stage has also been set for large companies looking to be listed. Amongst the most anticipated IPOs are Tata Technologies wherein Tata Motors is selling stake. This would be the first Tata company to go public in 19 years as the last company that was listed by the group is industry major TCS. <cmsannotation type="cmsannotation" annotationid="Upcoming IPOs" comment="subhead" text="Upcoming IPOs">Upcoming IPOs</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Instruments Limited </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹490.78 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ratnaveer Precision Engineering Limited </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹165.03 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><cmsannotation type="cmsannotation" annotationid="Companies who have filed their DRHP" comment="subhead" text="Companies who have filed their DRHP">Companies who have filed their DRHP</cmsannotation> Let’s look at some of the companies who have filed their DRHP and may soon announce their IPO - <ul><li>Navi Technologies</li><li>Tata Technologies</li><li>Balaji Speciality Chemicals</li><li>Snapdeal</li><li>Fabindia</li><li>NSDL</li><li>Imagine Marketing (boAt)</li></ul><cmsannotation type="cmsannotation" annotationid="Techs, fintechs &amp; more" comment="subhead" text="Techs, fintechs &amp; more">Techs, fintechs &amp; more</cmsannotation> New-age companies like Snapdeal filed their papers with the regulator and would be very watched due to the mixed reactions that Internet companies are continuing to receive. Moreover, it would be one the first large e-commerce companies to test the markets. Sachin Bansal’s Navi Technologies is another fintech company that will join the likes of Policybazaar, and household brand FabIndia has also refiled its papers. In spite of a lot of investor concern around new-age companies, experts believe that India will see a lot of tech IPOs in the coming years. Mamaearth’s parent Honasa Consumer has also received a nod from SEBI for their IPO, even though it was delayed as of March this year. “By FY25, India is likely to have up to 40 listed/IPO ready new-age companies, which can grow to 90 by FY28. SaaS, B2C Product Companies, and FinTech are amongst the most promising categories to produce IPO-ready companies," Rohan Agarwal, partner at Redseer said in a recent report. These companies, Agarwal believes, have sizable revenues, sustainable growth, a strong EBITDA, and operate on defensible business models, making them strong candidates for IPO. Another Solapur based specialty chemicals company Balaji Specialty Chemicals also hopes to add to the many companies that have provided outsized returns to their investors in the last few years — as the sector is on an upcycle. "India's current IPO market trend showcases its immense potential and has witnessed a remarkable surge in recent years. In the forthcoming months, there is anticipated to be significant momentum in the Indian IPO market, encompassing both the main and SME market segments," said Adarsh Ranka, partner, financial accounting advisory services leader, network firm of EY Global. <cmsannotation type="cmsannotation" annotationid="Fundraising in 2023" comment="subhead" text="Fundraising in 2023">Fundraising in 2023</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Funds raised in 2023 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu Prakash R Punglia </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹309 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹351 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pyramid Technoplast </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹153 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Supply Chain </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹880 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Concord Biotech </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,551 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBFC Finance </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,025 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yatharth Hospital </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹686 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹631 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹500 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senco Gold </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹405 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹592 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ideaforge Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹567 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HMA Agro </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹480 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IKIO Lighting </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹606 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divgi TorqTransfer </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹412 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Global Surface </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹155 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udayshivkumar Infra </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹66 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mankind Pharma </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,326 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Avalon Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹865 crore </td></tr></tbody></table>

IPOs galore – India’s primary market to remain buzzing in 2023

<ul><li>In the April-June quarter of 2023, there were six mainboard IPOs and 32 <keyword id="3704207" type="General" weightage="20" keywordseo="sme-ipos" source="Orion">SME IPOs</keyword> that hit Dalal Street.</li><li>Hospitality and construction sector took the lead in the main markets during Q2 2023 with two InVITs raised funds.</li><li>There could be more IPO action this year as 13 companies filed their DRHPs in the quarter. </li></ul>Indian primary markets have been buzzing this year with 10 mainboard IPOs and 70 SME IPOs — making it one of the busiest in the world, says a latest report by Ernst &amp; Young. "Indian stock exchanges (BSE and NSE, including SMEs) have ranked first in the world in terms of the number of IPOs and eighth in terms of issue proceeds during the year to date 2023, with no cross-border deals recorded,” the report said. In the April-June quarter of 2023, there have been six mainboard IPOs — that’s 57% higher than the same quarter of 2022, but 50% higher than Q1 of this year. SME IPOs however continued their spectacular growth — with 32 IPOs in Q2 of 2023 — growing by 75% compared to only 18 last year, and decreasing by 16% sequentially. Hospitality &amp; construction sector took the lead in the main markets during Q2 2023 with two IPOs. Based on YTD figures for 2023, automotive &amp; transportation, diversified industrial products, and real estate each saw two IPOs in the main markets. Foreign institutional investors (FIIs) are showing sustained inflows in India, resulting in an 8% market rally since April 2023. The global picture On the other hand, 2023 so far saw more than 600 IPOs raising approximately $60 billion, a contraction of 5% by volume and 36% by value YoY. “These modest results continue to reflect slower global economic growth, tight monetary policies and heightened geopolitical tensions. High interest rates and poor post-IPO share price performance have also pushed investors to look for other investment asset classes,” E&amp;Y said. Mainboard IPOs in April-June 2023 <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue date </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue size </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19 April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cube Highways Trust (InvIT) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$637 mn </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8 May </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mankind Pharma </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$529 mn </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21 May </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nexus Select Trust REIT </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$389 mn </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18 April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Avalon Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$105 mn </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16 June </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IKIO Lighting </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$73 mn </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3 April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udayshivakumar Infra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$8 mn </td></tr></tbody><tbody></tbody></table>Source: E&amp;Y report A large pipeline ahead This year might see more action in the primary markets as 13 companies filed their Draft Red Herring Prospectus (DRHPs) in Q2 of 2023, adding to the pipeline. “In the forthcoming months, there is anticipated to be significant momentum in the <keyword id="2542400" type="General" weightage="20" keywordseo="indian-ipo-market" source="Orion">Indian IPO market</keyword>, encompassing both the main and SME market segments. India must continue to focus on enhancing regulatory frameworks, improving corporate governance practices, and fostering investor education," said Adarsh Ranka, partner of financial accounting advisory services leader, network firm of EY Global. However, fewer PE backed companies have pushed towards market debut this year, and traditional companies are taking a lead with the public markets as opposed to new-age companies, the E&amp;Y report said. Indian markets regulator SEBI introduced various amendments to enhance the capital markets' transparency and practices like changes in pricing of the issue, disclosure of Key Performance Indicators (KPIs), introduction of pre-filing of draft offer documents (confidential filing), the establishment of the Social Stock Exchange and more. "The recent amendments introduced by SEBI showcase the commitment towards enhancing market transparency and governance. These changes lay a strong foundation for future IPO activity and empower companies to align with best practices, reinforcing the trust of investors in the Indian capital markets," said Veenit Surana, partner at EY India.

More and more Indian companies are getting IPO ready and this is an anomaly

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> are likely to open on a flat note on Wednesday amid mixed global cues. </li><li><keyword id="90570" type="General" weightage="20" keywordseo="sgx-nifty" source="Orion">SGX Nifty</keyword>, an early indicator of how the markets may perform, was up 0.18% or 29 points early in the morning today. </li><li><keyword id="6367820" type="General" weightage="20" keywordseo="adani-group" source="Orion">Adani group</keyword>, <keyword id="6377213" type="General" weightage="80" keywordseo="torrent-power" source="Orion">Torrent Power</keyword> and <keyword id="486436" type="General" weightage="20" keywordseo="mazagon-dock" source="Orion">Mazagon Dock</keyword> are amongst <keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">stocks to watch</keyword> today.</li></ul>India’s benchmark indices Sensex and <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword>50 are likely to open on a flat note on Wednesday amid mixed global cues. SGX Nifty, an early indicator of how the markets may perform, was up 0.18% or 29 points early in the morning today. Earlier on Tuesday, markets closed on a flat note as bulls and bears jostled for dominance. Gold prices edged up to ₹60,000 per 10 grams while silver was hovering at ₹71,900 per kilogram. Crude oil prices eased a tad, with Brent crude hovering at $76 per barrel. <cmsannotation type="cmsannotation" annotationid="Global markets remain mixed" comment="subhead" text="Global markets remain mixed">Global markets remain mixed</cmsannotation> Markets in the US closed in the green, with Dow Jones ending on a flat note while S&amp;P 500 gained 0.24%. The tech-heavy Nasdaq closed 0.36% in the green. Asian markets were mixed on Wednesday. While Hang Seng which rallied 1.18%, followed by Taiwan Weighted which was up 0.63%, Nikkei 225 was down 1.46%. KOSPI was up 0.34% while Shanghai Composite was trading 0.24% in the green. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch">Stocks to watch</cmsannotation> <keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> group: Asia’s oldest stock exchange BSE has increased the circuit limits for four Adani group stocks – Adani Transmission, Adani Green, and Adani Wilmar to 10% from 5% earlier, and Adani Power to 20% from 5% earlier. The new limits come into effect starting today, June 7. Torrent Power: It signed a memorandum of understanding with the Maharashtra government to develop three hydro projects of 5,700 megawatt capacity. The investment outlay is ₹27,000 crore with the project execution timeline set at 5 years. Mazagon Dock: Germany and India are closing in on a $5.2 billion diesel submarine deal. German giant Thyssenkrupp AG’s marine arm and Mazaon Dock are expected to bid jointly for the project to build six submarines. IKIO Lighting IPO: The IKIO Lighting IPO was fully subscribed on the first day. The issue has been subscribed 1.61 times overall so far and will be open for subscription till June 8. SEE ALSO: <a href="https://www.businessinsider.in/business/news/auto-and-bfsi-sectors-expected-to-drive-india-inc-s-earnings-in-fy24/articleshow/100791812.cms">Auto and BFSI seen driving India Inc’s earnings growth this financial year</a> <a href="https://www.businessinsider.in/stock-market/news/these-midcap-stocks-can-be-multibaggers-according-to-goldman-sachs/slidelist/100797239.cms">These midcap stocks can be the next multibaggers, according to Goldman Sachs</a> <a href="https://www.businessinsider.in/tech/news/which-iphones-and-ipad-will-support-ios-17-checkout-the-list/articleshow/100786351.cms">New Apple iOS: If you have these devices, it might be time to upgrade</a>

Sensex, Nifty50 likely to open on a tepid note amid mixed global cues: Adani group, Torrent Power, Mazagon Dock among stocks to watch

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> are likely to open in the red on Tuesday amid increased volatility. </li><li><keyword id="90570" type="General" weightage="20" keywordseo="sgx-nifty" source="Orion">SGX Nifty</keyword>, an early indicator of how the markets may perform, was down 0.18% or 33 points early in the morning today. </li><li><keyword id="6367820" type="General" weightage="20" keywordseo="adani-group" source="Orion">Adani group</keyword>, <keyword id="116253" type="General" weightage="80" keywordseo="sbi-cards" source="Orion">SBI Cards</keyword> and InterGlobe Aviation (<keyword id="6354706" type="General" weightage="100" keywordseo="indigo" source="Orion">Indigo</keyword>) are amongst <keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">stocks to watch</keyword> today.</li></ul>India’s benchmark indices Sensex and <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword>50 are likely to open in the red on Tuesday amid increased volatility. SGX Nifty, an early indicator of how the markets may perform, was down 0.18% or 33 points early in the morning today. Earlier on Monday, markets closed 0.3% in the green led by auto and private banking stocks. Gold prices edged up to ₹59,800 per 10 grams while silver was hovering at ₹71,900 per kilogram. Crude oil prices eased a tad, with Brent crude hovering at $76 per barrel. <cmsannotation type="cmsannotation" annotationid="US markets head lower" comment="subhead" text="US markets head lower">US markets head lower</cmsannotation> Markets in the US headed lower following gains made in the previous week on the US debt ceiling proposal. Dow Jones closed 0.59% lower while S&amp;P 500 lost 0.2%. The tech-heavy Nasdaq closed 0.09% in the red after Apple pared its gains to close lower ahead of the launch of its virtual reality headset. Asian markets remained upbeat on Tuesday, led by Hang Seng which rallied 1.07%, followed by KOSPI which was up 0.54% and Nikkei 225 which gained 0.41%. Taiwan Weighted was up 0.33% while Shanghai Composite was trading 0.11% in the green. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch">Stocks to watch</cmsannotation> Adani group: The Gautam Adani-led group announced that it has completed the prepayment of margin-linked financing amounting to $2.15 billion. The group promoters have also prepaid the $700 million debt taken for the Ambuja Cement acquisition. SBI Cards and Payment Services: The credit card provider’s board has approved raising ₹3,000 crore through non-convertible debentures on a private placement basis. InterGlobe Aviation (Indigo): The airline said it aims to carry 100 million passengers in FY24, up from 86 million in FY23. Indigo CEO Pieter Elbers said that the airline expects to have 350 aircraft in its fleet by the end of FY24. State Bank of India: Its board will meet on June 9 to consider raising funds in FY24 through debt instruments on a private placement basis. Indian Energy Exchange: The energy exchange reported an 8% YoY rise in volume to 8,251 million units. It expects power demand to increase in the coming months. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-ten-things-to-know-before-you-subscribe/slidelist/100767847.cms">IKIO Lighting IPO opens today: 10 things to know before you subscribe</a> <a href="https://www.businessinsider.in/india/news/indian-railways-kavach-which-aims-to-prevent-railway-accidents-explained/articleshow/100767568.cms">Explained: What is Kavach? The Railways’ protective armour missing in Odisha</a> <a href="https://www.businessinsider.in/finance/news/rbi-mpc-likely-to-hold-repo-rate-in-june-policy-as-inflation-cools/articleshow/100760075.cms">RBI monetary policy: MPC likely to keep the pause-button pressed</a>

Sensex, Nifty50 likely to open in the red amid volatility: Adani group, SBI Cards, Indigo among stocks to watch

<ul><li><keyword id="874458" type="General" weightage="100" keywordseo="xiaomi" source="Orion">Xiaomi</keyword> has launched the Pad 6, the company’s latest Android tablet in India.</li><li>The company has also launched the affordable <keyword id="17624451" type="General" weightage="20" keywordseo="redmi-buds-4-active" source="Orion">Redmi Buds 4 Active</keyword> TWS earbuds.</li><li>Here’s everything you need to know about the two new devices from the Mi stable.</li></ul> Xiaomi has announced the launch of two new products – the <keyword id="14044671" type="General" weightage="20" keywordseo="xiaomi-pad-6" source="Orion">Xiaomi Pad 6</keyword> and the Redmi Buds 4 Active – in India. Both the devices will go on sale in the country later this month. The Xiaomi Pad 6 is the successor of the Xiaomi Pad 5 that was launched in India in 2022. It comes with several upgrades over its predecessor, including a better display and more powerful processor. <cmsannotation type="cmsannotation" annotationid="Xiaomi Pad 6 price and availability" comment="subhead" text="Xiaomi Pad 6 price and availability"><keyword id="14044672" type="General" weightage="20" keywordseo="xiaomi-pad-6-price" source="Orion">Xiaomi Pad 6 price</keyword> and availability</cmsannotation> The Xiaomi Pad 6 has been priced at ₹26,999 for the 6GB + 128GB variant and ₹28,999 for the 8GB + 256GB variant. The device will be available from Amazon India, Xiaomi Online Store and the company’s authorised retail stores across the country from June 21. The magnetic keyboard is priced at ₹4,999 and the Xiaomi Smart Pen 2nd gen is priced at ₹5,999. You can also purchase the regular cover for ₹1,499. <cmsannotation type="cmsannotation" annotationid="Xiaomi Pad 6 specifications" comment="subhead" text="Xiaomi Pad 6 specifications">Xiaomi Pad 6 specifications</cmsannotation> The Xiaomi Pad 6 runs on Android 13 out of the box with MIUI 14 for tablets on top. It features a 11-inch 2.8K IPS LCD display with a 144Hz refresh rate and Corning Gorilla Glass 3 protection. <div type="image" title="FyfDvHKaQAEtr6n." msid="100959951" hostid="261" sizebytes="20620" caption="&amp;lt;p&amp;gt;Xiaomi Pad 6&amp;lt;/p&amp;gt;"></div> The tablet is equipped with the Snapdragon 870 chipset and comes in two variants – 6GB RAM with 128GB of internal storage and 8GB RAM with 256GB of internal storage. The tablet features a 13MP primary camera at the back and comes with an 8MP front camera for selfies and video calling. The Xiaomi Pad 6 is powered by an 8,840mAh battery and offers 33W charging. The device supports a magnetic keyboard and a smart pen, which needs to be purchased separately. <cmsannotation type="cmsannotation" annotationid="Redmi Buds 4 Active price and availability" comment="subhead" text="Redmi Buds 4 Active price and availability">Redmi Buds 4 Active price and availability</cmsannotation> The Redmi Buds 4 Active has been priced at ₹1,399. As an introductory offer, it will be available for ₹1,199 between June 20 and June 23. It can be purchased from Amazon India, Xiaomi Online Store and the company’s authorised retail stores across the country. <cmsannotation type="cmsannotation" annotationid="Redmi Buds 4 Active features" comment="subhead" text="Redmi Buds 4 Active features">Redmi Buds 4 Active features</cmsannotation> The Redmi Buds 4 Active is an affordable offering from the company that comes with Google Fast Pair support, touch controls and a low-latency mode for gaming. <div type="image" title="61dgg4KIRzL._SL1500_" msid="100959932" hostid="261" sizebytes="14118" caption="&amp;lt;p&amp;gt;Redmi Buds 4 Active&amp;lt;/p&amp;gt;"></div> The Redmi Buds 4 Active is equipped with 12mm dynamic drivers and comes with Bluetooth 5.3 support. It is splash resistant and comes with IPX4 rating. It offers 5 hours of battery life on a single charge and the case offers 30 hours of backup. A 10-minute charge offers 90 minutes of music playback, as per the company. SEE ALSO: <a href="https://www.businessinsider.in/india/news/cyber-security-groups-ai-analysis-supports-theory-that-cowin-data-leak-not-new/articleshow/100958072.cms">Cyber security group’s AI analysis supports theory that CoWIN data leak not new</a> <a href="https://www.businessinsider.in/india/news/cyber-security-groups-ai-analysis-supports-theory-that-cowin-data-leak-not-new/articleshow/100958072.cms">IKIO Lighting IPO - How to check allotment status, listing date and more</a> <a href="https://www.businessinsider.in/india/news/cyber-security-groups-ai-analysis-supports-theory-that-cowin-data-leak-not-new/articleshow/100958072.cms">Tendulkar, Ganguly, Gavaskar analyse team India’s WTC loss and road ahead</a>

Xiaomi Pad 6, Redmi Buds 4 Active launched in India – price, specifications and more

<ul><li>Apple announced a slew of updates to iOS, iPadOS and watchOS at its annual Worldwide Developers Conference (WWDC). </li><li>The new operating system updates include new features focused around communication, sharing and smarter input, among other things. </li><li>Apple has dropped support for several <keyword id="57315" type="General" weightage="20" keywordseo="iphones" source="Orion">iPhones</keyword> and <keyword id="130116" type="General" weightage="20" keywordseo="ipads" source="Orion">iPads</keyword>, here’s the full list. </li></ul>Apple announced a slew of updates to iOS, iPadOS and watchOS at its annual Worldwide Developers Conference (WWDC) 2023 on Monday, bringing a range of new features and improvements. The new operating system updates include new features focused around communication, sharing and smarter input, among others. However, as is usual with major software updates, Apple has dropped support for several iPhones and iPads. Apple’s new <keyword id="6903543" type="General" weightage="20" keywordseo="ios-17" source="Orion">iOS 17</keyword> system requirements lists that iPhones need to be powered by at least the A12 Bionic chipset or later. This means that all iPhones older than the iPhone 8, 8 Plus and the iPhone X are no longer supported and will not get iOS 17 or any new features. As for iPads, those with A12 Bionic chipset, or Apple M1 and M2 chipset are all supported. The iPad 6th generation with the A10 chipset is the only exception – it will still get the iPadOS 17 update. On the other hand, Apple has also dropped support for iPads launched before 2018. <cmsannotation type="cmsannotation" annotationid="Unsupported iPhones and iPads" comment="subhead" text="Unsupported iPhones and iPads">Unsupported iPhones and iPads</cmsannotation> <ul><li>iPhone 8, 8 Plus or older </li><li>iPhone X </li><li>iPad Pro </li><li>iPad Air 2nd generation and earlier </li><li>iPad 5th generation and earlier </li><li>iPad mini 4th generation and earlier </li></ul><cmsannotation type="cmsannotation" annotationid="What happens if you use an unsupported iPhone or iPad?" comment="subhead" text="What happens if you use an unsupported iPhone or iPad?">What happens if you use an unsupported iPhone or iPad?</cmsannotation> Unsupported iPhones and iPads will still continue to remain functional and receive almost all app updates. However, they will no longer get new features. Fortunately, Apple does release critical security updates over-the-air from time to time. But these updates only address severe issues, so minor security issues will still persist. If you have an unsupported iPhone or iPad, you might want to consider upgrading to a newer iPhone or iPad. <cmsannotation type="cmsannotation" annotationid="iPhones compatible with the iOS 17 update" comment="subhead" text="iPhones compatible with the iOS 17 update">iPhones compatible with the iOS 17 update</cmsannotation> iPhones powered by the Apple A12 Bionic chipset or later will all receive the iOS 17 update. The following iPhones will receive the iOS 17 update: <ul><li>iPhone XS and XS Max </li><li>iPhone XR </li><li>iPhone 11, 11 Pro and Pro Max </li><li>iPhone 12, 12 mini, 12 Pro and Pro Max </li><li>iPhone 13, 13 mini, 13 Pro and Pro Max </li><li>iPhone 14 Pro and Pro Max </li><li>iPhone SE (2nd and 3rd gen) </li></ul>These iPads will receive the iOS 17 update: <ul><li>iPad Pro 2nd generation or later </li><li>iPad Air 3rd generation or later </li><li>iPad 6th generation or later </li><li>iPad mini 5th generation or later </li></ul>SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-ten-things-to-know-before-you-subscribe/slidelist/100767847.cms">IKIO Lighting IPO opens today: 10 things to know before you subscribe</a> <a href="https://www.businessinsider.in/india/news/indian-railways-kavach-which-aims-to-prevent-railway-accidents-explained/articleshow/100767568.cms">Explained: What is Kavach? The Railways’ protective armour missing in Odisha</a> <a href="https://www.businessinsider.in/finance/news/rbi-mpc-likely-to-hold-repo-rate-in-june-policy-as-inflation-cools/articleshow/100760075.cms">RBI monetary policy: MPC likely to keep the pause-button pressed</a>

New Apple iOS: If you have these devices, it might be time to upgrade

Electric two-wheeler makers <keyword id="108831" type="General" weightage="50" keywordseo="tvs-motor-company" source="Orion">TVS Motor Company</keyword>, Ather Energy and <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola Electric</keyword> have increased prices of their products as curtailed subsidy structure comes into effect from June 1. In a statement, TVS Motor Company stated that in order to propel the electrification journey further in a sustainable manner after <keyword id="21028" type="General" weightage="80" keywordseo="fame" source="Orion">FAME</keyword> II scheme revision, it has increased iQube's price between Rs 17,000 and Rs 22,000 depending on the variant. The iQube base and S trims were earlier priced at Rs 1,06,384 and Rs 1,16,886, respectively in Delhi. "FAME II will gradually reduce over the next few quarters. The company will continue to deliver delightful product options and great value proposition to propel the electrification and green energy penetration in two-wheelers in the country," TVS Motor Company Director and CEO K N Radhakrishnan said. The company will offer a loyalty benefit programme for the customers of iQube, who have made bookings till May 20, 2023, for a limited period to ease the cost burden post the revision in FAME II subsidy, he added. Ather Energy said that following the FAME II subsidy revision applicable from today, it has also revised the prices of its scooters with 450X now starting at Rs 1,45,000 (ex-showroom Bengaluru). The 450X with <keyword id="17580517" type="General" weightage="50" keywordseo="pro-pack" source="Orion">Pro Pack</keyword> now starts at Rs 1,65,435 in Bengaluru, an increase of around Rs 8,000. "The FAME II revision has resulted in a subsidy reduction of around Rs 32,000. However, the company is absorbing a huge chunk of this price impact for its customers with a view to quicken EV adoption in the country," Ather Energy Chief Business Officer <keyword id="13554227" type="General" weightage="50" keywordseo="ravneet-s-phokela" source="Orion">Ravneet S Phokela</keyword> stated. <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword> said its electric scooter S1 Pro is now priced at Rs 1,39,999; S1 (3KWh) at Rs 1,29,999; and S1 Air (3KWh) at Rs 1,09,999. The product range is now roughly Rs 15,000 costlier than before. "With an unyielding dedication to customer satisfaction, we have marginally increased our product prices starting June, despite significant reduction in government subsidies, making Ola S1 the best EV proposition in India," Ola Electric Founder and CEO Bhavish Aggarwal said. In a statement, Hero Electric said that it will not increase the prices of its popular e-scooter models. The company said it remains dedicated to promoting the adoption of electric two-wheelers and dispelling misconceptions about their cost of ownership. "Despite the extreme financial crunch forced upon us due to subsidies stuck with Ministry of Heavy Industries for over 15 months, we will continue to do our bit in offering affordable mobility solutions to the discerning customers by holding on to our current prices till we can," said Hero Electric CEO Sohinder Gill. The Heavy Industries Ministry has notified that for electric two-wheelers, the demand incentive will be Rs 10,000 per kWh. The cap on incentives for electric two-wheelers will be 15 per cent of the ex-factory price of vehicles from 40 per cent at present. The Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme commenced on April 1, 2019, for a period of three years, which was further extended for two years till March 31, 2024. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/royal-enfield-sales-rise-22-in-may-at-77461-units/articleshow/100679587.cms">Royal Enfield sales rise 22% in May at 77,461 units</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ikio-lighting-sets-ipo-price-band-at-270-285/share/articleshow/100679971.cms">IKIO Lighting sets IPO price band at ₹270-285/share</a>

You Searched For "IKIO Lighting IPO" and got 12 results

IKIO Lighting IPO - How to check allotment status, listing date and more

Sourabh Jain

IKIO Lighting IPO opens today: 10 things to know before you subscribe

Rounak Jain

IKIO Lighting sets IPO price band at ₹270-285/share

PTI

Noida-based LED IKIO Lighting files DRHP with SEBI to raise ₹350 crore

Bhakti Makwana

IPO gold rush: All but 4 IPOs in FY24 gave positive returns on listing

Katya Naidu

IPOs galore – India’s primary market to remain buzzing in 2023

Sourabh

Katya

More and more Indian companies are getting IPO ready and this is an anomaly

Katya Naidu

Sensex, Nifty50 likely to open on a tepid note amid mixed global cues: Adani group, Torrent Power, Mazagon Dock among stocks to watch

Rounak Jain

Sensex, Nifty50 likely to open in the red amid volatility: Adani group, SBI Cards, Indigo among stocks to watch

Rounak Jain

Xiaomi Pad 6, Redmi Buds 4 Active launched in India – price, specifications and more

Sourabh Jain

New Apple iOS: If you have these devices, it might be time to upgrade

Rounak Jain

TVS, Ather, Ola hike prices of electric two-wheelers as new subsidy norms kick in

PTI

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