Afcons Infrastructure's shares started off at an 8% discount but later climbed to an intra-day high of ₹477.50. The company has a big order book worth ₹45,000 crore, and it's expecting to see revenue growth pick up after a quiet fiscal year. They recently landed contracts, including the Bhopal Metro's Blue Line, and are aiming for a 15% growth rate over the next three years.
NTPC Green Energy has gotten the green light from SEBI for a ₹10,000 crore IPO. This part of NTPC plans to grow its renewable energy projects and pay off some debts. The IPO will feature new shares, with some set aside for employees. The company has seen big growth in revenue and profits recently.
Waaree Energies, a top solar panel maker in India, is getting ready for a strong stock market entry with a grey market premium (GMP) of Rs 1,300. The IPO, priced between Rs 1,427 and Rs 1,503, attracted a lot of interest from big investors and is expected to list on October 28, 2024.
Zomato is looking to raise $1 billion by selling shares to institutional investors. This is their first big fundraising since their IPO in 2021, and it comes just before rival Swiggy's $1.4 billion IPO. The goal is to strengthen Zomato's position in India’s quick-commerce market.
Resourceful Automobile’s stock listed flat at its IPO price of Rs 117 on August 29, even though it was massively oversubscribed by 400 times. The Delhi-based company, which runs just two outlets and has a small team, saw bids for 40.76 crore shares compared to the 9.76 lakh available. The stock's initial performance didn’t live up to the grey market hype, where it was trading at an 89% premium.