Media Coverage

Chemcon Speciality Chemicals IPO opens: What do the brokerages say

Source : Economic Times NEW DELHI: The Rs 318 crore IPO of Chemcon Speciality Chemicals, which serves pharma and oil well industries, opened for subscription on Monday. The Vadodara-based company is offering a fresh issue of equity shares, aggregating up to Rs 165 crore and offer for sale of up to 45,00,000 equity shares, to be sold in the Rs 338-340 price band. On Friday, the company raised Rs 95.40 crore through allotment of 28.06 lakh shares to anchor investors at [...]

September 22, 2020 By Media Coverage Comments Off
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Grey market is loving it! Share premia soar for three new IPOs

Source : Economic Times New Delhi: The stellar debut of Happiest Minds Technologies NSE -2.95 % on Dalal Street is weighing on the grey market premium of forthcoming issues in the Indian primary market. Grey market premia for Route Mobile, Computer Age Management Services (CAMS), Angel Broking and Chemcon Speciality Chemicals are inching northwards as the hope of listing gains rises. Route Mobile is likely to be listed on Monday. The issue was open for subscription between September 9 and 11 at [...]

September 18, 2020 By Media Coverage Comments Off
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NSE selling entire CAMS stake through IPO; issue details awaited

Source : Economic Times NEW DELHI: NSE is selling its entire stake in Computer Age Management Services (CAMS) via an offer for sale, with the Warburg Pincus-backed Great Terrain Investment becoming the company’s promoter. The update on the IPO is likely to be announced on Wednesday, and the issue is likely to hit the market next Monday. As per the red herring prospectus released on Tuesday, NSE Investments Limited (NSEIL) is selling 18,246,600 equity shares in CAMS. NSEIL held 37.5 per [...]

September 16, 2020 By Media Coverage Comments Off
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Warburg Pincus-backed CAMS sees 29% grey market premium ahead of IPO

Source : Economic Times NEW DELHI: The IPO details of Warburg Pincus LLC and NSE-backed Computer Age Management Services (CAMS) will be announced on Wednesday, but the grey market investors are already gung ho on the forthcoming issue. The grey market so far is expecting a price band of Rs 1,200-1,240 and based on that, the unlisted shares of CAMS are trading at a premium of Rs 350-360 in the unlisted market. The upper limit of the price range suggests an [...]

September 15, 2020 By Media Coverage Comments Off
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Big bubble in unlisted space? Big Bull, Ashish Chugh sound the alarm bells

The Big Bull sees a big bubble in the unofficial market for unlisted shares. New Delhi: Ace investor Rakesh Jhunjhunwala recently advised investors to keep off the unlisted space. The Big Bull sees a big bubble in the unofficial market for unlisted shares, which he said may burst in the near term. “I think there is a big bubble in all these unicorns, and this is going to burst in next 12 months. It is already bursting, and it will burst [...]

January 17, 2020 By Media Coverage Comments Off
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Pipedream? Grey market hints at below-price listing for Prince Pipes

The company claimed the IPO witnessed demand for shares worth Rs 778.21 crore against the total issue size of Rs 350 crore, excluding the anchor portion, making it the last successful issue of 2019. Investors of Prince Pipes and Fittings IPO may be staring at a tepid listing. Going by trends in the market for unofficial trading of unlisted stocks, Prince Pipes could end up being the last and fifth issue of Calendar 2019 to list at a discount. The stock [...]

December 28, 2019 By Media Coverage Comments Off
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Bumper listing for Ujjivan Small Finance Bank? Grey market suggests stock may list at up to 70% premium

Ujjivan SFB is likely to fix the issue price at Rs 37, the upper limit of IPO price band. Ujjivan Small Finance Bank, the most subscribed initial public offering (IPO) of this calendar, is likely to get listed on December 12 at a hefty premium to the issue price, suggests the buzz in the grey market for unlisted securities. The IPO saw heavy demand across investor categories and logged an aggregate 166 times subscription. The stock is changing hands at a premium [...]

December 12, 2019 By Media Coverage Comments Off
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Liquor stocks in low spirits, but this unlisted player is on a high!

New Delhi: ‘Sin stocks’ like those of alcohol and tobacco companies are usually considered slowdown-proof. A demand slowdown in the economy singes such stocks rather late in the day, and only under extreme circumstances. Yet, listed stocks of liquor manufacturers and breweries have not been doing well in Indian market this year, having failed to lift investor spirit. But one brewer, B9 Beverages, has created a lot of buzz in the unlisted space, with its unlisted shares rallying over 20 per [...]

September 24, 2019 By Media Coverage Comments Off
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“Uniqueness In The Common World” Rightly Proven By Ascent Wealth Advisors

Many a times we come across news that describe startups failure story or their downfall. Reasons for these are that they don’t get proper guidance and don’t have proper knowledge of the market and strategies to sustain the current world. Today we are going to talk about a company named “Ascent Wealth Advisors” and its uniqueness of : Helping investors invest in great companies much before they begin their exponential growth and thereby create high return on investments for our [...]

June 13, 2018 By Media Coverage Comments Off
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