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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

<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

<ul><li>IKIO Lighting listed on the bourses at ₹391 – that’s a premium of ₹106 to the issue price, and in line with what the grey market was expecting. </li><li>The Delhi-based company’s IPO was subscribed 67 times, and it intends to use the funds from the IPO to repay debt, invest in a subsidiary and for general corporate purposes. </li><li>The company is into automotive lighting, LED lighting, daytime running light and much more. </li></ul>The stock of IKIO Lighting made its debut on the bourses on Friday at a 37% premium. Its shares listed at ₹391 – that’s ₹106 higher than its initial public offering (IPO) price of ₹285. As of 9:49 am, the company’s market cap stood at ₹3,021 crore, as per data on BSE. As per grey market indications, the company’s listing was expected to be stellar, with an over ₹100 premium. GMP is the premium at which unlisted company shares are traded in an unofficial market before they are listed on the stock exchanges. “Considering the overwhelming response from all types of investors and oversubscribed by 66.30 times, we are expecting a healthy 25-30% listing performance backed by a market mood. Better- than-expected response to its offer across investor categories was mainly due to its business model of ODM (original design manufacturer) followed by higher operating margins compared to peers and reasonable discounted valuations at the time of IPO when compared to listed peers,” said Prashanth Tapse, senior vice president (research), Mehta Equities. The ₹607-crore IPO opened on June 6 and closed on June 8. The Delhi-based company’s IPO was subscribed 67 times, as it received bids for 101.9 crore equity shares against 1.52 crore shares on offer. While the qualified institutional buyer portion was subscribed 163 times, the non-institutional investors portion was subscribed 65.38 times. The retail portion also witnessed good participation and was subscribed 14.3 times. The IPO had comprised a fresh offer of shares as well as an offer-for-sale by the promoters. The company plans to use the IPO proceeds to repay debt, invest in a subsidiary and for general corporate purposes. The company is into automotive lighting, LED lighting, daytime running lights and more.

Ikio Lighting shines bright on debut, lists at a 37% premium to issue price

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

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>Volatile market conditions that have raised concerns over frothy valuations, along with strict regulatory requirements, have led to companies withdrawing or deferring their IPO plans.</li><li>As a result only four companies have launched their IPOs so far in 2023</li><li>At least seven <a href="https://www.businessinsider.in/stock-market/news/these-seven-companies-stop-the-ipo-plans-fabindai-snapdeal-boat-in-the-list/slidelist/98299886.cms">companies, including </a>Fabindia, BoAT, PharmEasy and Snapdeal,<a href="https://www.businessinsider.in/stock-market/news/these-seven-companies-stop-the-ipo-plans-fabindai-snapdeal-boat-in-the-list/slidelist/98299886.cms"> have shelved their IPO plans </a>after having filed a DRHP with the markets regulator.</li><li><keyword id="16992175" type="General" weightage="20" keywordseo="ipo-demand" source="Orion">IPO demand</keyword> may revive from the Q2 of FY24 as market headwinds like uncertainty in interest rates and inflation are expected to cool down.</li></ul>With several uncertainties in the global markets roiling the Indian stock markets, companies have either delayed or dropped their plans for raising money through initial public offers (IPOs). However, IPOs are likely to pick up steam in the second half of fiscal year 2024 when macro headwinds are likely to calm down. At least <a href="https://www.businessinsider.in/stock-market/news/these-seven-companies-stop-the-ipo-plans-fabindai-snapdeal-boat-in-the-list/slidelist/98299886.cms">seven companies</a>, including Fabindia, BoAT, PharmEasy and Snapdeal,<a href="https://www.businessinsider.in/stock-market/news/these-seven-companies-stop-the-ipo-plans-fabindai-snapdeal-boat-in-the-list/slidelist/98299886.cms"> have shelved their IPO plans </a>after having filed a draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI). <cmsannotation type="cmsannotation" annotationid="Companies that have deferred their IPO plans after having filed a DRHP with SEBI" comment="subhead" text="Companies that have deferred their IPO plans after having filed a DRHP with SEBI">Companies that have deferred their IPO plans after having filed a DRHP with SEBI</cmsannotation> <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" 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;">Companies </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;">Initial 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;">API Holdings (PharmEasy) </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;">₹6,250 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;">Fabindia </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;">₹4,000 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;">Droom Technology </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;">₹3,000 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;">Joyalukkas India </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;">₹2,300 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;">Imagine Marketing (BoAt) </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;">₹2,000 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;">Snapdeal </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;">₹1,250 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;">Waaree Energies </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;">₹1,350 crore (excluding offer for sale shares) </td></tr></tbody><tbody></tbody></table> Volatile market conditions that have raised concerns over frothy valuations, along with strict regulatory requirements, have led to companies withdrawing or deferring their IPO plans. As a result only four companies have launched their IPOs so far in 2023. This is a big change from an IPO boom that was witnessed in 2021 when <a href="https://www.businessinsider.in/stock-market/news/these-8-ipos-of-2021-more-than-doubled-investors-money-so-far/slidelist/88327505.cms">most of the companies that debuted</a> gave positive or rather very significant premiums on listing day. In 2022, 38 mainboard IPOs went public as compared to 64 in 2021. Meanwhile, apart from postponing IPOs and waiting for better market conditions, companies are currently also cutting down their IPO size because of capital needs. "Currently, the investor demand in the primary market is muted, which has also kept companies from coming out with their IPOs. Meanwhile, companies that are still coming out with an IPO by cutting its issue size could be because of need for capital or exit of shareholders who cannot wait. Also, companies are delaying their IPOs because of lower valuation as compared to expectations,” said Ajay Saraf, head of investment banking and institutional equities at ICICI Securities. As per <a href="https://www.reuters.com/world/india/indias-oyo-mulls-cutting-ipo-size-amid-tech-headwinds-bloomberg-news-2023-03-27/">reports</a> earlier this week, SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes plans to cut its IPO share offering by about two-thirds as tech valuations plunge. The company had initially filed to go public in October 2021 but has delayed it so far due to erratic market conditions. Not just IPOs, private equity <a href="https://www.businessinsider.in/business/news/deal-making-slows-down-significantly-in-february-as-investors-turn-cautious-grant-thornton/articleshow/98636404.cms#:~:text=cautious%3A%20Grant%20Thornton-,Deal%20making%20slows%20down%20significantly%20in,investors%20turn%20cautious%3A%20Grant%20Thornton&amp;text=Deals%20in%20February%20dropped%20significantly,macroeconomic%20uncertainties%2C%20says%20Grant%20Thornton.">funding as well as mergers and acquisitions </a>have also slowed down this year due to uncertain macroeconomic conditions. <cmsannotation type="cmsannotation" annotationid="IPO demand to pick up in Q2 FY24" comment="subhead" text="IPO demand to pick up in Q2 FY24">IPO demand to pick up in Q2 FY24</cmsannotation> High interest rates and inflation across the globe coupled with geopolitical issues are some crucial factors impacting markets and keeping companies from launching IPOs. Between May 2022 and February 2023, the Reserve Bank of India (RBI) raised the repo rate by 250 bps to tackle inflation. Meanwhile, India’s retail inflation, which edged down slightly to 6.44% in February from 6.52% in January, still remains above RBI’s tolerance limit of 6%. Analysts expect the rise in interest rate cycle to pause during the end of the year as inflation may cool off, which is when markets would recover and investors’ demand for IPOs may pick up. “Demand is expected to remain subdued in the short term till the time macro headwinds are not settled. However, the demand may revive from the Q2 of the next financial year as market headwinds like uncertainty in interest rates and inflation are expected to settle by then,” said Saraf. While market sentiment is expected to remain cautious for some more time, analysts see large IPOs taking a back seat for a couple of quarters. “With weakness still prevailing in the secondary market, because of a combination of domestic and foreign factors, IPO activity is likely to remain muted for the first couple of quarters. We may see some smaller-sized IPOs. However, it will be a while before we see larger-sized deals, especially in light of lack of sustained interest from FPIs (foreign portfolio investors),” Pranav Haldea, managing director at Prime Database Group, said in an IPO outlook report for FY24. Even after the collapse in the banking sector, triggered by the failure of Silicon Valley Bank and Signature Bank, the US Fed went on with its interest rates hike in April calling the banking system "sound and resilient" as it remains focused on bringing down inflation in the country. And till the time inflation and interest rates do not cool down, investors’ demand for IPOs will remain subdued. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/the-alpha-creators-bank-and-it-stocks-outperform-nifty50-in-the-last-11-years/articleshow/99114789.cms">The Alpha Creators: Bank and IT stocks outperform Nifty50 in the last 11 years</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/us-visa-rules-ease-now-h-1b-visa-holders-spouses-can-work-in-the-us/articleshow/99110481.cms">US visa rules ease: Now H-1B visa holders' spouses can work in the US</a>

IPO demand may pick up in the second half of FY24 after macro headwinds settle

<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

The India Meteorological Department (<keyword id="6366970" type="General" weightage="80" keywordseo="imd" source="Orion">IMD</keyword>) on Tuesday issued an Orange alert for <keyword id="54055" type="General" weightage="80" keywordseo="saurashtra" source="Orion">Saurashtra</keyword> and <keyword id="17677427" type="General" weightage="80" keywordseo="kutch-coasts" source="Orion">Kutch coasts</keyword> in <keyword id="6354766" type="General" weightage="80" keywordseo="gujarat" source="Orion">Gujarat</keyword> as the cyclonic storm <keyword id="13860733" type="General" weightage="100" keywordseo="biparjoy" source="Orion">Biparjoy</keyword> is set to cross the <keyword id="2754470" type="General" weightage="80" keywordseo="jakhau-port" source="Orion">Jakhau Port</keyword> in Gujarat by the evening of June 15 as Very Severe Cyclonic Storm (VSCS). "Cyclone Warning for Saurashtra and <keyword id="6361801" type="General" weightage="80" keywordseo="kutch" source="Orion">Kutch</keyword> Coasts: Orange Message. VSCS BIPARJOY at 0530IST of today about 300km WSW of Porbandar, 290km SW of Devbhumi Dwarka, 340km SSW of Jakhau Port, 350km SSW of Naliya. To cross near Jakhau Port (Gujarat) by the evening of 15th June as VSCS," the IMD tweeted. The IMD has been providing regular updates about the cyclonic storm that is gushing through the Arabian sea. On Monday, Prime Minister Narendra Modi had a telephonic conversation with Gujarat Chief Minister Bhupendra Patel regarding the impending <keyword id="17578676" type="General" weightage="80" keywordseo="cyclone-biparjoy" source="Orion">Cyclone Biparjoy</keyword> and assured all possible help to the state. "Hon'ble Prime Minister Shri Narendrabhai Modi received details regarding the status of Cyclone Biparjoy in Gujarat and the preparedness of the system through a telephonic conversation. He assured to provide all possible help to Gujarat in this situation of disaster," the Gujarat CM tweeted. PM Modi also chaired a high-level meeting on Monday to review the preparedness of ministries and agencies of the Centre as well as Gujarat to deal with the situation. He directed senior officers to take every possible measure to ensure that the State Government safely evacuates people living in vulnerable locations and to ensure maintenance of all essential services such as power, telecommunications, health, drinking water, etc., and are restored immediately in the event of damage caused to them. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-how-to-check-allotment-status-listing-date-and-more/articleshow/100939900.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-how-to-check-allotment-status-listing-date-and-more/articleshow/100939900.cms" target="_blank">IKIO Lighting IPO - How to check allotment status, listing date and more</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">Covid-19 vaccination data reportedly leaked – ID proof, date of birth and other details available on Telegram</a> <a href="https://www.businessinsider.in/finance/news/2000-note-withdrawal-how-to-exchange-notes-is-it-a-legal-tender-and-other-questions-answered/articleshow/100412941.cms">₹2,000 note withdrawal – How to exchange them, is it a legal tender and other questions answered</a>

Cyclone Biparjoy: IMD issues Orange alert for Saurashtra, Kutch coasts in Gujarat

<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>The Indian government has refuted that there has been a direct breach from its <keyword id="17689208" type="General" weightage="20" keywordseo="cowin-database" source="Orion">CoWIN database</keyword> that was used for <keyword id="9257042" type="General" weightage="20" keywordseo="covid-vaccination" source="Orion">COVID vaccination</keyword>.</li><li>The data leak, reported on June 12, is from an earlier <keyword id="608402" type="General" weightage="20" keywordseo="data-breach" source="Orion">data breach</keyword>, says the government.</li><li>The Union Minister has clarified the situation on Twitter.</li></ul> The Indian government has swung into action after reports about 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"> data breach</a> from the <keyword id="10440405" type="General" weightage="20" keywordseo="cowin" source="Orion">CoWIN</keyword> database came to light. The government has said that it “does not appear” that the CoWIN app and database have been “directly breached”. CloudSEK, an AI <keyword id="17689209" type="General" weightage="20" keywordseo="digital-risk-management" source="Orion">digital risk management</keyword> company has released a <a href="https://www.cloudsek.com/threatintelligence/cowin-data-leak-claim-and-cloudsek-analysis">report</a> which agrees with the government’s claim that the leak is not new. <keyword id="205969" type="General" weightage="20" keywordseo="rajeev-chandrasekhar" source="Orion">Rajeev Chandrasekhar</keyword>, the union minister of state for the Ministry of Electronics and Information Technology took to Twitter to clarify the government’s stand on the <keyword id="13005926" type="General" weightage="100" keywordseo="cowin-data-leak" source="Orion">CoWIN data leak</keyword> issue. <cmsannotation type="cmsannotation" annotationid="Data leak from a previous breach?" comment="subhead" text="Data leak from a previous breach?">Data leak from a previous breach?</cmsannotation> Chandrasekhar in his tweet mentioned that the data being used by the Telegram bot is from a threat actor database, which is being populated using previously stolen data. To recall, data of over 20,000 people, including their name, mobile number, Covid-19 test result and their address was<a href="https://www.hindustantimes.com/india-news/data-meant-for-cowin-portal-leaked-online-over-20-000-indians-likely-affected-101642767559692.html"> reportedly</a> leaked in 2022. In another instance, data of over 15 crore citizens was<a href="https://www.timesnownews.com/technology-science/article/cowin-apps-covid-19-vaccination-data-of-15-crore-users-leaked-and-up-for-sale-government-denies-breach/769434"> reportedly</a> leaked in 2021 and the hackers put the data on sale. The government however refuted the claim and said that the CoWIN platform was never hacked. Interestingly, the government had so far not confirmed a data breach and has only now confirmed that there was a breach in the past, without revealing any information about the extent of the breach or the cause. <cmsannotation type="cmsannotation" annotationid="API exists to pull data without OTP" comment="subhead" text="API exists to pull data without OTP">API exists to pull data without OTP</cmsannotation> The government in a<a href="https://pib.gov.in/PressReleasePage.aspx?PRID=1931691"> press release</a> has said that while there are no public APIs (application programming interface) to pull CoWIN data without an OTP, there are APIs, which have been shared with third parties such as ICMR that can pull data from CoWIN with just the phone number, similar to what we have seen on the Telegram bot. The government however claims that requests are accepted only from a trusted API. “There are some APIs which have been shared with third parties such as ICMR for sharing data. It is reported that one such API has a feature of sharing the data by calling using just a mobile number of Aadhaar. However, even this API is very specific and the requests are only accepted from a trusted API which has been white-listed by the Co-WIN application.” <cmsannotation type="cmsannotation" annotationid="Expert take" comment="subhead" text="Expert take">Expert take</cmsannotation> CloudSEK, which provides AI digital risk management solutions has analysed the telegram bot using XVigil, its AI digital risk platform. As per its analysis, the hacker does not have access to the CoWIN platform or its backend database. “Based on matching fields from Telegram data and previously reported incidents affecting Healthworker of a region, we assume the information was scraped through these compromised credentials,” CloudSEK said in its report. According to the company, the data is from a 2022 leak wherein a Russian cybercrime forum offered compromised access to the CoWIN platform for the Tamil Nadu region. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-how-to-check-allotment-status-listing-date-and-more/articleshow/100939900.cms">IKIO Lighting IPO - How to check allotment status, listing date and more</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">Covid-19 vaccination data reportedly leaked – ID proof, date of birth and other details available on Telegram</a> <a href="https://www.businessinsider.in/finance/news/2000-note-withdrawal-how-to-exchange-notes-is-it-a-legal-tender-and-other-questions-answered/articleshow/100412941.cms">₹2,000 note withdrawal – How to exchange them, is it a legal tender and other questions answered</a>

Cyber security group’s AI analysis supports theory that CoWIN data leak not new

<ul><li><keyword id="753025" type="COMPANY" weightage="20" keywordseo="Dixon-Technologies">Dixon Technologies</keyword>’ stock has multiplied investors’ wealth nearly 5-fold since March 2020.</li><li>However, analysts have downgraded their recommendation on the stock as they believe all the positives have been priced in.</li><li>There’s still room for some surprise after the government announces details of the production-linked incentive scheme.</li><li>Check out the latest news and updates on <a href="https://www.businessinsider.in/">Business Insider</a>.</li></ul>The shares of Dixon Technologies have seen a fantabulous rally in the past one year. The stock has multiplied investors’ wealth nearly 5-fold since March 31, last year. However, analysts are now a bit nervous about the stock. They have downgraded their recommendations as they believe the stocks have priced in all the positives that could fuel the rally further. <div type="image" title="Dixon Technologies" msid="80851182" hostid="261"></div> According to analysts at ICICI Securities, the stock has already factored in rise in higher revenue from TVs, production-linked incentive-driven revenues in making smartphone parts, traction in 2G phones, set-top boxes, capacity-driven growth in LED lights, and washing machines. And thus, it may not see a huge rally in the near term. High commodity prices and increased custom duty may contract its margins As per the IIFL research report, the company, during its investor conference call, said they are witnessing pressure on the margin as commodity prices and freight cost have risen. The margin contracted 318 basis points (bps) in the third quarter, and the pressure is expected to continue in the fourth quarter as well. 100 basis points make up 1%. Dixon gets nearly 70% of its revenue from mobile manufacturing, which it makes on behalf of brands like Samsung, Motorola and Reliance Jio. Finance Minister, Nirmala <a href="https://www.livemint.com/budget/news/budget-2021-higher-customs-duties-for-pcba-camera-modules-for-mobile-phones-11612167676823.html">Sitharaman raised customs duty </a>on some mobile phone parts, from nil to 2.5% during the Budget 2021, may squeeze margin further. <div type="image" title="Dixon Tech rev breakup" msid="80851237" hostid="261"></div> The brokerage such as ICICI and AMSEC downgraded its rating from "BUY" to "HOLD" as it believes that there are still some surprise factors that may play out. Can Mobile PLI surprise on the upside or downside? The management retains its guidance of total ₹25,000-30,000 crore revenue under the mobile PLI scheme over the next five years with an EBITDA close to 3%. However, the government is yet to release the scheme's details. Analysts say the stock has already priced in the PLI benefits — it would be worth watching if the scheme matches the management's guidance. <div type="image" title="PLI" msid="80851292" hostid="261"></div> Dixon added Motorola and Nokia as customers for smartphones and is in talks with other large brands as a third PLI customer. The commercial production for Nokia has started, while for Motorola it is expected to begin in March this year, post completion of all audits, the management revealed to analysts. According to the IIFL report, Motorola will cover almost two-third of the PLI thresholds for Dixon and will represent 15-20% of its global volumes in the next four years, whereas manufacturing for Nokia is for the domestic market. Lighting business continues to offer strong growth optionalities The lighting sales grew 26% year-on-year to ₹350 crore— nearly 16% of total sales. This vertical may continue to grow as there is room for expanding both product lines and entering new markets. "Dixon is already exporting to the USA and Indonesia for its anchor customer and is hopeful of large international orders from overseas retail chains," a Nirmal Bang report said. Here’s what analysts expects from Dixon Tech stock: The stock has already met the target price set by various brokerages in the past week. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target Price </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recommendations </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Share Khan </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹18700 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target met </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JM Fianncials </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17500 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target met </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nirmal Bang </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17510 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target met </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Sec </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15697 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hold </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Markets </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹14973 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hold </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIFL Sec </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15962 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target met </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/indian-railways-will-open-819-crore-ipo-of-railtel-will-open-next-week/articleshow/80840447.cms" data-type="tilCustomLink">The ₹819 crore IPO from RailTel owned by Indian Railways will open next week — grey market suggests a 34% premium at ₹93-94 a share</a> <a href="https://www.businessinsider.in/defense/news/indias-disengagement-plan-looks-a-lot-like-chinas-1959-claim-on-the-lac-according-to-indian-army-veteran-h-s-panag/articleshow/80850208.cms" data-type="tilCustomLink">India's disengagement plan looks a lot like China's 1959 claim on the LAC, according to Indian Army veteran H.S. Panag</a>

You Searched For "IKIO Lighting 350 crore ipo" and got 12 results

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