IPO

A significant factor contributing to this divergence was the disappointment in China's post-Covid recovery. Hong Kong's Hang Seng Index (HSI), tracking 80 blue-chip stocks, experienced a 13.8% decline in 2023, marking its first four-year losing streak since its inception in 1969.

FirstCry’s parent company BrainBees Solutions filed the DRHP which includes offer-for-sale (OFS) comprising 5.4 crore equity shares.

Of the 28 IPOs which have got listed thus far, 20 gave a return of over 10 per cent.

Set to open on Friday, the IPO for aggregating Rs 14,624.00 lakh through fresh issue of Equity Shares & 82,94,118 equity shares under Offer for Sale by the Promotor, Ramveer Singh.

But Indonesia, a collection of islands with a big population and a fast-growing economy, sits on vast deposits of the metals needed to make batteries for electric vehicles. That has made the country an important engine of the global green transition -- and a magnet for investors, CNN reported.

According to Pranav Haldea, Managing Director, Prime Database Group, as many as 25 out of the 37 IPOs came in just three months of the year (May, November and December), which shows the volatile conditions prevalent through most of the year which are not conducive for IPO activity.

The aim is to raise funds through issue of fresh equity shares by the IREDA, official sources said. Department of Investment and Public Asset Management (DIPAM) will drive the listing process, the sources added. This decision supersedes the earlier Cabinet Committee on Economic Affairs (CCEA) decision taken in June 2017 which had allowed the IREDA to issue 13.90 crore fresh equity.

Although some IPOs appear to be in the offing this month, the mood among the companies, investors and the public is yet to be lifted after a dismal December. Forty Indian corporates raised Rs 59,412 crore through IPOs in calendar year (CY) 2022, half of the Rs 1,18,723 crore (all-time high) mobilised by 63 IPOs in 2021, according to Prime Database, India's premier database on the primary capital market.