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Katya Naidu
01 Dec 2023, 13:05

Private equity & VC players make a killing as IPO rush yields them ₹10,000 crore

Private equity & VC players make a killing as IPO rush yields them ₹10,000 crore

Private equity & VC players make a killing as IPO rush yields them ₹10,000 crore

The great rush for initial public offerings (IPOs) has landed a bounty of massive proportions for entrepreneurs and investors alike. And a fourth of all the funds raised, and almost half of all the offer-for-sale capital landed in the coffers of private equity and venture capital firms. This is in addition to the large block deal action seen between August and September, especially in new-age companies.

Stellar listing gains: Book profits if there are bumper gains say experts
Katya Naidu
01 Dec 2023, 12:58

Stellar listing gains: Book profits if there are bumper gains say experts

It’s been a fabulous week for investors who applied to initial public offers (IPOs) hoping to make a killing on listing day. Tata Technologies gave a stellar triple-digit listing gains, IREDA was very close to doubling wealth with 87% gains and small-cap stock Gandhar too presented a pleasant surprise with 78% gains. Experts say that bumper gains are a cue for them to make money, especially in stocks which saw sharp gains.

GDP reading, exit polls push Nifty to record high; Sensex jumps over 400 points
BI India Bureau
01 Dec 2023, 11:17

GDP reading, exit polls push Nifty to record high; Sensex jumps over 400 points

Equity benchmark indices, the Nifty and the Sensex, continued their winning streak for the fourth day running on Friday, with the Nifty hitting a record high. The market reading the state exit polls results indicating a high possibility of political stability. Moreover, the latest GDP reading has beaten RBI forecast indicating growth momentum.​