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<ul><li><keyword id="12216872" type="General" weightage="20" keywordseo="Abans-Holdings" source="Orion">Abans Holdings</keyword> to open its IPO next week from December 12-15.</li><li>The Mumbai-based company has set the IPO price band at ₹256- 270 per share.</li><li>The company plans to raise ₹345 crore through a fresh issue and an offer for sale by promoters and shareholders.</li><li>The shares of the company are currently commanding a grey market premium, or GMP, of ₹20 per share.</li></ul>Mumbai-based financial services company Abans Holdings will open its initial public offering (IPO) next week on December 12 and close on December 15. The price band of the IPO is set at ₹256- 270 per share. The company plans to raise ₹345 crore through a fresh issue worth ₹102 crore, and an offer for sale by promoters and shareholders worth ₹243 crore. Abans Holdings intends to use proceeds from fresh issue to augment the capital base of the NBFC subsidiary (Abans Finance) to meet its future capital requirements, besides general corporate purposes. The shares of the company are currently commanding a grey market premium, or GMP, of ₹20 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. Established in 2009, Abans Holdings is engaged in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate. It represents the financial services arm of the Abans Group. Also, it provides asset management, investment advisory and wealth management services to corporates, institutional and high net worth clients. It operates from multiple locations including India, UK, Dubai, Shanghai, Hongkong, Mauritius and Singapore. Abans Holdings is a holding company and all its business operations are conducted through three subsidiaries and 14 step subsidiaries. The company competes with non-banking financial companies, brokerage firms, AMCs and financial advisory firms. Abans Holdings revenues have depleted significantly while its profits have improved consistently in the last three years along with reduction in debt. “As can be seen, our revenues have declined mainly due to reduction in physical commodities trading due to Covid-19 related changes and our gradual movement towards exchange traded commodity instruments instead of physical commodities,” the company said in its red herring prospectus. <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;">Particulars </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 from operations </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;">Net profit </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;">Debt (borrowings) </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;">₹638 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;">₹61 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;">₹85 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;">₹1,325 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;">₹45 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;">₹267 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;">₹2,765 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;">₹39 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;">₹318 crore </td></tr></tbody></table>Source: DRHP SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/fpis-invest-over-36000-crore-in-indian-equities-in-november-financial-services-is-top-favourite/articleshow/96082197.cms">FPIs invest over ₹36,000 crore in Indian equities in November – Financial services is top favourite</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/wordle-is-the-most-googled-topic-in-2022-heres-how-it-started-and-how-to-play-it/slidelist/96081579.cms">Wordle is the most googled topic in 2022, here's how it started and how to play it</a>

Abans Holdings to open IPO next week from Dec 12-15; GMP at ₹20 per share

<ul><li><keyword id="12216872" type="General" weightage="20" keywordseo="Abans-Holdings" source="Orion">Abans Holdings</keyword> is likely to announce its share allotment status on December 20.</li><li>The IPO received decent demand from investors as the IPO was subscribed 1.10 times.</li><li>The shares of the company will be listed on December 23 on the stock exchanges.</li></ul>Mumbai-based financial services company Abans Holdings is likely to announce the allotment status of its initial public offering (IPO) on December 20. The IPO received decent demand from investors as the issue was subscribed 1.10 times. The qualified institutional buyer portion was subscribed the most at 4.10 times followed by non-institutional investors at 1.48 times. The portion reserved for retail was subscribed 0.40 times. One of the many reasons behind tepid subscription for the IPO was that several IPOs opened at the same time, like <a href="https://www.businessinsider.in/stock-market/news/sula-vineyards-to-open-ipo-next-week-from-dec-12-14-gmp-already-at-70-per-share/articleshow/96061238.cms">Sula Vineyards </a>and <a href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">Landmark Cars </a>and other SME IPOs as well. Currently, shares of Abans Holdings are at a discount in the grey market as against premium of ₹20 per share earlier. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in the unofficial market before they are listed on the stock exchanges. The company has raised ₹345 crore through a fresh issue worth ₹102 crore, and an offer for sale by promoters and shareholders worth ₹243 crore. Abans Holdings intends to use proceeds from fresh issue to augment the capital base of the NBFC subsidiary (Abans Finance) to meet its future capital requirements, besides general corporate purposes. The company’s shares are scheduled to be listed on December 23 on the BSE and NSE. Here is how to check <keyword id="12216871" type="General" weightage="20" keywordseo="Abans-Holdings-IPO" source="Orion">Abans Holdings IPO</keyword> allotment status on the stock exchange websites: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Abans Holdings’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Bigshare Services) to check your application status. <ul><li>Visit the registrar's website <a href="https://ipo2.bigshareonline.com/IPO_Status.html">here</a>.</li><li>Click on 'Select company' and click on ‘Abans Holdings’.</li><li>Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.</li><li>Enter the captcha code and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/kfin-technologies-ipo-subscribed-55-on-day-1/articleshow/96348001.cms">KFin Technologies IPO subscribed 55% on day 1</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/average-debt-cost-for-top-eight-listed-realty-players-lowest-since-pandemic-says-anarock/articleshow/96345107.cms">Average debt cost for top eight listed realty players lowest since pandemic, says Anarock</a>

Abans Holdings IPO: Here is how to check the allotment status

<ul><li>Shares of Abans Holdings listed at ₹273 against the issue price of ₹270 per share.</li><li>The stock has listed exactly at ₹3 premium as indicated by grey market trends.</li><li>The market capitalisation of the company stood at ₹1,353 crore after listing.</li></ul>Shares of the Mumbai-based financial services company <a href="https://www.businessinsider.in/stock-market/news/abans-holdings-to-open-ipo-next-week-from-dec-12-15-gmp-at-20-per-share/articleshow/96084679.cms">Abans Holdings</a> made a flat listing on the stock exchanges today at ₹273 against the issue price of ₹270. However, weak market sentiments dragged the scrip down, with its share price tumbling 15%. At 10:20 a.m., shares of the company declined 15% at ₹228. The grey market trends had also hinted the stock to get listed at ₹3 premium on exchanges, which has fallen from ₹20 premium in the last week. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in the unofficial market before they are listed on the stock exchanges. The market capitalisation of Abans Holdings currently stands at ₹1,353 crore, according to BSE data. Negative sentiment in the market also weighed on the listing considering benchmark indices Sensex and Nifty50 were down 0.8% in the first hour of trade today – while Sensex fell 458 points, Nifty declined 143 points. <a href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">Abans Holdings IPO </a>received tepid demand from investors as the issue was subscribed 1.10 times. The qualified institutional buyer portion was subscribed the most at 4.10 times. The portion reserved for non-institutional investors witnessed a subscription of 1.48 times while retail was subscribed 0.40 times. This year, 36 IPOs made their stock market debut on the BSE mainboard. Most of them gave positive listing gains, except seven issues. Here are the top five best performing IPOs in 2022. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Name </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Adani Wilmar </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">136% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Venus Pipes &amp; Tubes </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">124% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Hariom Pipe Industries </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">108% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Veranda Learning Solutions </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">81% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Vedant Fashions </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">48% </td></tr></tbody></table>(Source: BSE) Established in 2009, Abans Holdings is engaged in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate. It is the financial services arm of the Abans Group. Also, it provides asset management, investment advisory and wealth management services to corporates, institutional and high net worth clients. It operates from multiple locations including India, UK, Dubai, Shanghai, Hongkong, Mauritius and Singapore. Abans Holdings is a holding company and all its business operations are conducted through three subsidiaries and 14 step subsidiaries. The company competes with non-banking financial companies, brokerage firms, AMCs and financial advisory firms. Abans Holdings revenues have depleted significantly while its profits have improved consistently in the last three years along with reduction in debt. “As can be seen, our revenues have declined mainly due to reduction in physical commodities trading due to Covid-19 related changes and our gradual movement towards exchange traded commodity instruments instead of physical commodities,” the company said in its red herring prospectus. <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;">Particulars </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 from operations </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;">Net profit </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;">Debt (borrowings) </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;">₹638 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;">₹61 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;">₹85 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;">₹1,325 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;">₹45 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;">₹267 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;">₹2,765 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;">₹39 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;">₹318 crore </td></tr></tbody></table>Source: DRHP SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/landmark-cars-lists-at-nearly-7-discount-on-bourses-amid-weak-market-sentiment/articleshow/96443852.cms">Landmark Cars lists at nearly 7% discount on bourses amid weak market sentiment</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/most-anticipated-sequels-of-web-series-movies-and-shows-releasing-in-2023/slidelist/96429356.cms#slideid=96430674">From Shark Tank S2 to Indian 2, a look at the most anticipated sequels releasing in 2023</a>

Abans Holdings shares tumble 14% after a flat listing on the bourses

<ul><li><keyword id="173264" type="General" weightage="50" keywordseo="sula-vineyards" source="Orion">Sula Vineyards</keyword>, <keyword id="12986991" type="General" weightage="80" keywordseo="landmark-cars" source="Orion">Landmark Cars</keyword> and <keyword id="12216872" type="General" weightage="80" keywordseo="abans-holdings" source="Orion">Abans Holdings</keyword> will launch their issues this week. </li><li>The three initial public offerings (IPOs) are expected to collectively raise over ₹1,857 crore.</li><li>So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6), down from ₹1.18 lakh crore raised through 64 IPOs in 2021.</li></ul>At a time when the stock market is choppy due to mixed cues from global markets, the primary market in India is buzzing. Three initial public offerings (IPOs) are expected to launch this week that will collectively raise over ₹1,857 crore. Nashik-based winemaker Sula Vineyards, Mumbai-based financial services company Abans Holdings and premium car dealership chain Landmark Cars will open their issues for public subscription this week. So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6), down from ₹1.18 lakh crore raised through 64 IPOs in 2021, shows data from Prime Database. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPOs opening this week </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Start date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO size </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sula Vineyards </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 12 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 14 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹960 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Abans Holdings </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 12 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 15 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹345.6 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Landmark Cars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 13 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 15 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹552 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> <cmsannotation type="cmsannotation" annotationid="Sula Vineyards IPO to raise ₹960 crore" comment="subhead" text="Sula Vineyards IPO to raise ₹960 crore">Sula Vineyards <keyword id="6354763" type="General" weightage="80" keywordseo="ipo" source="Orion">IPO</keyword> to raise ₹960 crore</cmsannotation> Nashik-based Sula Vineyards, India’s largest wine producer and seller is all set to open its initial public offering (IPO) from December 12 to December 14. The price band of the IPO is ₹340-357 per share. The winemaker’s ₹960-crore IPO is a complete offer for sale by promoters and shareholders. The company will not receive any funds from the IPO. The shares of the company are currently commanding a grey market premium, or GMP, of ₹70 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. Sula Vineyards distributes wines under a bouquet of brands such as Sula, RASA, Dindori, The Source, Satori, Madera and Dia. Currently, it produces 56 different labels of wine at four owned and two leased production facilities located in Maharashtra and Karnataka. Its flagship facility is located in Nashik, Maharashtra. <cmsannotation type="cmsannotation" annotationid="Abans Holdings IPO to open on December 12" comment="subhead" text="Abans Holdings IPO to open on December 12">Abans Holdings IPO to open on December 12</cmsannotation> Mumbai-based financial services company Abans Holdings will open its IPO on December 12 and close on December 15. The price band of the IPO is set at ₹256-270 per share. The company plans to raise ₹345.6 crore through a fresh issue worth ₹102.6 crore, and an offer for sale by promoters and shareholders worth ₹243 crore. Abans Holdings intends to use proceeds from the fresh issue to augment the capital base of the NBFC subsidiary (Abans Finance) to meet its future capital requirements, and for general corporate purposes. The shares of the company are currently commanding a grey market premium of ₹20 per share. Part of the Abans Group, Abans Holdings was established in 2009 and is engaged in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate. <cmsannotation type="cmsannotation" annotationid="Landmark Cars IPO to raise ₹552 crore" comment="subhead" text="Landmark Cars IPO to raise ₹552 crore">Landmark Cars IPO to raise ₹552 crore</cmsannotation> Landmark Cars will open its IPO on December 13 and close on December 15. The price band of the issue is set at ₹481-₹506 per share. The company plans to raise ₹552 crore through a fresh issue of shares aggregating to ₹150 crore and offer for sale (OFS) by promoters and shareholders worth ₹402 crore. Landmark Cars is a premium automotive retail business with dealerships for brands like Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It also offers services such as sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of the sales of third-party finance and insurance products. It has a network of 112 outlets in 8 Indian states, comprising 61 sales showrooms and outlets and 51 after-sales services and spare outlets. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/abans-holdings-to-open-ipo-next-week-from-dec-12-15-gmp-at-20-per-share/articleshow/96084679.cms">Abans Holdings to open IPO next week from Dec 12-15; GMP at ₹20 per share</a> <a href="https://www.businessinsider.in/stock-market/news/dharmaj-crop-guard-lists-at-12-premium-but-below-grey-market-expectations/articleshow/96075246.cms">Dharmaj Crop Guard lists at 12% premium but below grey market expectations</a> <a href="https://www.businessinsider.in/stock-market/news/sula-vineyards-to-open-ipo-next-week-from-dec-12-14-gmp-already-at-70-per-share/articleshow/96061238.cms">Sula Vineyards to open IPO next week from Dec 12-14; GMP already at ₹70 per share</a>

Three IPOs set to raise over ₹1,800 crore this week

LIC, Delhivery, Kfin Tech among IPO duds of FY23

Best and worst performing IPOs of 2022

<ul><li><keyword id="8400834" type="General" weightage="20" keywordseo="KFin-Technologies" source="Orion">KFin Technologies</keyword> and <keyword id="12561346" type="General" weightage="20" keywordseo="Elin-Electronics" source="Orion">Elin Electronics</keyword> will launch their issues this week.</li><li>The two initial public offerings (IPOs) are expected to collectively raise nearly ₹2,000 crore.</li><li>So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6 — still it’s lesser than the ₹1.18 lakh crore raised through 64 IPOs in 2021.</li></ul>Indian primary markets are buzzing with initial public offerings (IPOs) while secondary markets across the world are turning volatile over fears of recession. Last week, <a href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">three IPOs opened </a>their issues for investor subscription and raised over ₹1,800 crore. All three IPOs were fully subscribed. They received decent demand from investors -- winemaker Sula Vineyards was subscribed by 2.33 times on the last day, financial services company Abans Holdings by 1.1 times and automobile dealer Landmark Cars by 3.06 times. At the same time, the IPO of <a href="https://www.businessinsider.in/stock-market/news/droneacharya-ai-ipo-subscription-status/articleshow/96203527.cms">DroneAcharya Aerial Innovations </a>received an overwhelming investor interest, and was subscribed 262 times on its last day. The Pune-based drone startup’s IPO received strong demand from HNIs as well as retail investors, who subscribed for it 388 times and 330 times respectively. This week, two (IPOs) are expected to collectively raise nearly ₹2,000 crore. <a href="https://www.businessinsider.in/stock-market/news/kfin-technologies-to-open-its-ipo-next-week-from-dec-19-21/articleshow/96220635.cms">KFin Technologies</a>, a leading technology-driven financial services platform and electronics manufacturing services company Elin Electronics will open their issues for public subscription this week. So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6). But it's still much less than the ₹1.18 lakh crore raised through 64 IPOs in 2021, shows data from Prime Database. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPOs opening this week </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Start date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO size </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">KFin Technologies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 19 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 21 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,500 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Elin Electronics </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 20 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 22 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹475 crore </td></tr></tbody></table> <keyword id="15781375" type="General" weightage="20" keywordseo="KFin-Technologies-IPO" source="Orion">KFin Technologies IPO</keyword> to raise ₹1,500 crore KFin Technologies, a leading technology-driven financial services platform, will open its initial public offering (IPO) this week on December 19 and close on December 21. The price band of the IPO is set at ₹347- 366 per share. The company plans to raise ₹1,500 crore through a complete offer for sale by one of the promoters General Atlantic Singapore Fund — who will receive all the proceeds. The company will not receive any funds from the IPO. The shares of the company are currently commanding a grey market premium, or GMP, of just ₹5 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. KFin Technologies provides transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong. It provides services and solutions to asset managers and corporate issuers across asset classes in India, along with several other investor solutions. The company is the largest investor solutions provider to Indian mutual funds. It provides services to 24 out of 41 AMCs in India, representing 59% of market share. General Atlantic Singapore Fund Pte owns a 72.51% stake in the company followed by Kotak Mahindra Bank with 9.86% stake while Compar Estates and Agencies holds a 10.86% stake in KFin Technologies. However, Kotak and Compar are not selling their shares in the upcoming IPO. <keyword id="12561347" type="General" weightage="20" keywordseo="Elin-Electronics-IPO" source="Orion">Elin Electronics IPO</keyword> to open on December 20 Electronics manufacturing services company Elin Electronics will open its initial public offering (IPO) this week on December 20 and close on December 22. The price band of the IPO is set at ₹234-247 per share. The company plans to raise ₹475 crore. Of this, ₹175 crore worth shares will be raised via a fresh issue, and ₹300 crore via an offer for sale by promoters and shareholders. The proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expanding existing plants. The shares of the company are currently commanding a grey market premium, or GMP, of ₹30 per share. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India. It is also one of the largest fractional horsepower motor manufacturers in India. Also, it manufactures and assembles a wide array of products and provides end-to-end product solutions. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/i-am-glad-i-fd-up-so-much-in-life-that-it-is-content-now-says-ankur-warikoo/articleshow/96282722.cms">I am glad I F**%*D up so much in life that it is content now says Ankur Warikoo</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/upcoming-web-series-on-amazon-prime-netflix-hotstar-sonyliv-in-2023-in-india/slidelist/96217782.cms">Made in Heaven, Paatal Lok &amp; all the web series in between hitting the screens in 2023</a>

Two IPOs set to raise nearly ₹2,000 crore this week

Fintech player <keyword id="15835888" type="General" weightage="50" keywordseo="zaggle-prepaid-ocean-services-ltd" source="Orion">Zaggle Prepaid Ocean Services Ltd</keyword> has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The <keyword id="6354763" type="General" weightage="100" keywordseo="ipo" source="Orion">IPO</keyword> (initial public offering) comprises a fresh issue of equity shares worth Rs 490 crore and an offer for sale (<keyword id="883402" type="General" weightage="50" keywordseo="ofs" source="Orion">OFS</keyword>) component of 1.05 crore stocks by promoters, investors and other shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS include promoters -- Raj P Narayanam and Avinash Ramesh Godkhindi and investors -- VenturEast Proactive Fund LLC, GKFF Ventures, VenturEast SEDCO Proactive Fund LLC, and <keyword id="15835889" type="General" weightage="50" keywordseo="ventureast-trustee-company" source="Orion">Ventureast Trustee Company</keyword>. Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and general corporate purposes. Founded in 2011, the company operates in the business-to-business-to-customer segment. It has created a market niche in the country by offering a combined solution for spend management through prepaid cards and employee management (through SaaS). It offers digitized solutions for employee tax benefits, expense management, corporate gifting and rewards and recognition programmes. The company has 1,896 customers and 19.82 lakh users as of June-end. ICICI Securities, Equirus Capital, IIFL Securities and JM Financial have been appointed as merchant bankers to manage the IPO. The equity shares of the company will be listed on the <keyword id="35140" type="General" weightage="50" keywordseo="bse" source="Orion">BSE</keyword> and NSE. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dabur-just-dial-hindustan-zinc-among-stocks-to-watch-out-for/articleshow/96359393.cms">Sensex, Nifty50 open lower amid mixed market cues – Dabur, Just Dial, Hindustan Zinc among stocks to watch out for</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/abans-holdings-ipo-here-is-how-to-check-the-allotment-status/articleshow/96360387.cms">Abans Holdings IPO: Here is how to check the allotment status</a>

Fintech player Zaggle files IPO papers with Sebi to mobilise funds via IPO

<ul><li><keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> opened below 62,000 at 61,963, down by 217 points while the 50-stock index <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> was down 64 points at 18,427.</li><li>On the global front, investors await monetary policy decisions of the central banks in the US, Europe to be announced this week.</li><li>Sula Vineyards and Abans Holdings IPO will open for subscription today, while Uniparts India shares will debut on the exchanges.</li><li>BHEL, Delta Corp, GNFC and Punjab National Bank are banned in the <keyword id="15759780" type="General" weightage="20" keywordseo="FO-ban-list" source="Orion">F&amp;O ban list</keyword> on Monday.</li></ul>Sensex and Nifty50 opened lower on Monday following weak global markets and ahead of November’s retail inflation data to be released later in the day. SGX Nifty, an early indicator of how the markets may perform, was down 0.29% early morning today. Sensex opened below 62,000 at 61,963, down by 217 points while the 50-stock index Nifty50 was down 64 points at 18,427. On the global front, investors await monetary policy decisions of the central banks in the US, Europe to be announced this week. Last week, the Reserve Bank of India <a href="https://www.businessinsider.in/finance/news/rbi-hikes-repo-rate-by-35-bps-taking-rates-to-a-high-of-6-25/articleshow/96045841.cms">announced</a> a 35-basis point rate hike in line with expectations, but analysts suggest that RBI governor Shaktikanta Das’ commentary indicates another rate hike is on the cards. Last Friday, Indian markets closed lower due to selling pressure in IT, energy and PSU bank stocks. Meanwhile Brent crude oil prices remained below $80 levels at $76 per barrel on Monday. At the same time rupee was up 0.25% at 82 against the US dollar. Sula Vineyards and Abans Holdings IPO will open for subscription today, while Uniparts India shares will mark its debut on the stock exchanges. Global markets Markets around the world were also trading on a negative note as all eyes were on a US Fed rate decision on Wednesday. <keyword id="35189" type="General" weightage="20" keywordseo="asian-markets" source="Orion">Asian markets</keyword> were trading lower on Monday, with the Hang Seng index falling 2.12%, Shanghai Composite declining 0.63%. Nikkei 225 posted a fall of 0.24%, while KOSPI was 0.67% in the red. In the US markets, S&amp;P 500 ended 0.73% lower on Friday, and the tech-heavy Nasdaq too closed 0.7% lower. The Dow Jones Industrial Average also ended lower with 0.9%. “US S&amp;P 500 Index recorded its worst return in five weeks, while the small-cap Russell 2000 Index endured its worst week since late September. Investors are waiting to hear what (Fed Reserve) Chairman (Jerome) Powell says about the inflationary environment next Wednesday (December 14) when the two-day Federal Open Market Committee (FOMC) meeting wraps up,” said Devarsh Vakil, deputy head of retail research at HDFC Securities. <keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">Stocks to watch</keyword> on Monday State Bank of India: The public sector lender on Friday said its board will meet on December 14 to consider raising additional Tier 1 capital by issuing debt in rupees or other convertible currency raising capital through Tier I bonds. Vodafone Idea: The telecom operator and its vendor ATC Telecom Infrastructure have agreed to extend the last date for subscription of ₹1,600 crore optionally convertible debentures to February 28. V Guard Industries: The consumer electronics manufacturer announced that it will buy Sunflame Enterprises Private (SEPL) for ₹660 crore, on a cash-free, debt-free basis. Stocks under F&amp;0 ban BHEL, Delta Corp, GNFC and Punjab National Bank are banned in the F&amp;O ban list on Monday. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/best-and-worst-performing-ipos-of-2022-in-india/articleshow/96160391.cms">Best and worst performing IPOs of 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">Three IPOs set to raise over ₹1,800 crore this week</a>

Sensex, Nifty50 open weak tracking global markets -- SBI, Vodafone Idea, Uniparts India among stocks to watch out for

The week gone by saw markets correcting themselves after having made lifetime highs on both intraday and closing basis. While a correction after a huge rally is always welcome. This brings us close to the level where the rally must commence again in the next couple of days. If that does not happen, there could be another sharp round of selling which would emerge. This could probably put an end to the expected Santa Claus rally that one is used to seeing in <keyword id="46038" type="General" weightage="20" keywordseo="indian-markets" source="Orion">Indian markets</keyword>. BSESENSEX lost 686.83 points or 1.09 per cent to close at 62,181.67 points while NIFTY lost 199.50 points or 1.07 per cent to close at 18,496.60 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.95 per cent, 0.96 per cent and 0.96 per cent respectively. BSEMIDCAP was a big loser and was down 4.32 per cent while BSESMALLCAP lost 1.18 per cent. Our markets lost on four of the five trading sessions and gained on one. The IT pack lost substantial ground on Friday and brought down markets. The <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">Rupee</keyword> was under pressure and lost 95 paisa or 1.17 per cent to close at 82.27 to the <keyword id="6368584" type="General" weightage="20" keywordseo="us-dollar" source="Orion">US Dollar</keyword>. Dow Jones too was under pressure and lost on three of the five trading sessions, gaining on just two. It lost 953.42 points or 2.77 per cent to close at 33,476.46 points. RBI announced its credit policy after the three-day meet which was held between December 5 and December 7. RBI has raised repo rates by 35 basis points to 6.25 per cent. This comes after three consecutive rate hikes of 50 basis points each. This has come on the back of inflation easing but at the same time growth tapering. RBI has revised downwards GDP for FY23 to 6.8 per cent. In primary market news, we had one listing and have three IPOs opening and closing next week. Shares of Dharmaj Crop Guard Limited which had issued shares at Rs 237, listed on Thursday. The discovered price was Rs 266, and shares after touching an intraday high of Rs 278.90 closed at Rs 266.40. They gained Rs 29.40 or 12.40 per cent. On Friday they lost ground and closed at Rs 249.85, a gain of Rs 12.85 or 5.42 per cent. Shares of Uniparts India Limited would list on Monday (December 12). The issue was entirely an Offer for sale. The price band was Rs 548-577. The first issue is from Sula Vineyards Limited which is tapping the capital markets with its offer for sale of 2,69,00,530 equity shares in a price band of Rs 340-357. The issue will open on Monday (December 12) and close on Wednesday (December 14). The fundraise at the top end of the price band would be Rs 960 crore. The selling shareholders include the Promoters and PE Investors. Sula is in the business of producing wine and is India's largest wine producer and seller. The company has a dominant market share and is slightly higher than half by value in the 100 per cent grape wine market. The company has its wine making facilities in the states of Maharashtra at Nasik and in Karnataka. There is a subsidy which was given on the export of grapes towards transportation which has been withdrawn recently. Similarly, the refund of state taxes which was available for wine in the state of Maharashtra has been put on hold and would act as a big dampener on the performance of Sula if not reinstated. The company reported revenues of Rs 453.91 crore for the year ended March 22. Revenues in the six months ended September 21 were at Rs 159.15 crore which have risen to Rs 224 crore in the current six months ended September 22. Net profit for the full year was at Rs 69.53 crore. For the current six months they were at Rs 41.25 crore against Rs 5.62 crore. The EPS for the year ended March 22 was at Rs 6.53. The PE band at this price is 52.07-54.67 times. The company has chosen to compare itself with breweries and liquor manufacturers like United Spirits, Radico Khaitan and United Breweries. These companies are strictly not comparable as they are in allied business but certainly not identical business. The share has more than its fair share of issues going forward. Readers would be well advised to subscribe for listing gains. The second issue is from Abans Holdings Limited which is tapping the markets with its fresh issue for 38 lakh shares and an offer for sale of 90 lakh shares. The price band of the issue is Rs 256-270 and the issue opens on Monday (December 12) and closes on Thursday (December 15). The allocation is 10 per cent for QIBs, 30 per cent for HNIs and 60 per cent for Retail investors. The company is a holding company and operates in the diversified financial space through 17 subsidiaries and step-down subsidiaries. It reported an EPS of Rs 13.37 for the year ended March 22. The PE band is 19.15-20.19. The company has compared itself with three broking outfits namely: Edelweiss, Geojit and Choice. These companies are not strictly comparable as their broking activities are substantially larger. The business is complex and the proposed listed entity would have to demonstrate its core strengths before the company could be invested into. The third and final issue is from premium and luxury car retailer, Landmark Cars Limited. The company is tapping the capital markets with a fresh issue of Rs 150 crore and an offer for sale of Rs 402 crore. The issue opens on Tuesday (December 13) and closes on Thursday (December 15). The price band of the issue is Rs 481-506. The company sells cars from Mercedes, Honda, Volkswagen, Jeep, EV maker BYD, Renault and Commercial vehicles of Ashok Leyland. It is present in eight states through 112 outlets for sales and service. The company sold 19,264 new vehicles in FY22 against 13,282 in FY21 and serviced 2.79 lakh vehicles against 2.21 lakh vehicles in the same period. The company reported revenues of Rs 2,976 crore against Rs 1,956 crore. The PAT was Rs 66.18 crore against 11.14 crore. The EPS on a diluted basis was Rs 17.45. The PE band was 27.56-29. Looking at the press reports which said that automobile sales in November 22 were at record highs, and registered a growth of over 25 per cent over the previous year, this business has everything going for it. Readers would be advised to look at the company for the medium term and long term as India rises to become a five trillion economy. Coming to the market in the week ahead, expect them to remain volatile. One does not have too much news flow expected as we move towards the last fortnight of the calendar year. There is not much expected from overseas as well, other than the FED meeting on December 12-13. This could give some sharp volatility to US markets and hence to the world. Expect markets to react to this news and decide whether they are likely to move to form new highs or turn sideways to negative. The strategy for the week would be to play to the market moves and keep a close eye to volumes. Any sharp moves without volumes cannot happen at this juncture. Markets have to display volume and movement in the same direction. They would continue to be led by midcap and smallcap space. Trade cautiously. (Arun Kejriwal is the founder of Kejriwal Research and Investment Services. The views expressed are personal) SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ril-adani-enterprises-are-the-biggest-and-most-consistent-wealth-creators-as-per-motilal-oswal-report/articleshow/96085753.cms">RIL, Adani Enterprises are the biggest and most consistent wealth creators: Motilal Oswal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/snapdeal-drops-1250-crore-ipo-plan-citing-prevailing-market-conditions/articleshow/96104961.cms">Snapdeal drops ₹1,250 crore IPO plan citing 'prevailing market conditions'</a>

You Searched For "Abans Holdings IPO" and got 10 results

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