IPO

Emcure Pharmaceuticals Ltd on Wedneday made a fabulous listing with a premium of 31 per cent.

The number of new demat account opened by investors has increased 17 per cent last month to 42 lakh from 36 lakh in June on the back of a growing frenzy to make quick money by investing in initial public offer.

Hyundai Motor Co's shares hit a record high as investors bet on the South Korean automaker's plan to list its India unit in Mumbai, which would help the company boost its presence in the world's third biggest auto market.

The Securities and Exchange Board of India (SEBI) has sent a 31-point advisory to investment bankers, requiring enhanced disclosures and increased due diligence on companies tapping the market for initial public offerings (IPOs).

The ₹2,615-crore IPO of Go Digit General Insurance Limited, a digital full-stack company, ends today for subscription. The comes out with a price band of ₹258-272 and market lot is 55 shares. The issue has so far been subscribed 0.79 time or 79 per cent.

IPO-bound food and delivery major Swiggy has relaunched its homestyle meal delivery service, Daily, in select areas nearly four years after shutting it down.

The ₹1,550-crore initial public offering of travel distribution platform company TBO Tek will open today for public subscription and close on May 10. The IPO comes with a price band of ₹875-920 and market lot of 16 shares.

The primary market is gearing up for significant activity this week, with three companies — Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek — poised to float IPOs aiming to collectively raise nearly ₹6,400 crore.

The public issue of heating equipment maker JNK India Ltd was subscribed 0.49 times.

Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed the draft red herring prospectus (DRHP) with SEBI to raise over ₹1,500 crore through an initial public offering (IPO).