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Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
HDFC Mutual Fund buys additional 10 lakh shares of Global Health for Rs 130 crore
HDFC Mutual Fund has secured an additional 10 lakh shares of Global Health, which is known for operating Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore. This acquisition builds on a prior purchase made last month. The transaction accounts for a 0.37% stake in the company. In related news, Global Health has reported an impressive 39.7% increase in its fourth-quarter profit after tax, totaling Rs 141.7 crore.
Adon Agro Commodities IPO: BSE SME declares price band at ₹66 to ₹70. GMP, lot size and key details
Adon Agro Commodities Limited will open its IPO on June 29, 2026, aiming to raise ₹44.03 crore. The price band is set at ₹66-70 per share, with allocations for QIBs, NIIs, and retail investors. Proceeds will support working capital and corporate purposes.
Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%
Global investment firm Alpha Wave Global has divested its entire 1.93% stake in logistics giant Delhivery for Rs 665 crore. This significant exit saw the firm offload over 1.44 crore shares. In related news, venture capital firm Nexus Venture Partners also sold a substantial stake in Delhivery, while Mirae Asset Venture Investments reduced its holding in logistics firm Shadowfax Technologies.
Knack Packaging IPO: Price band set at ₹161-170 per share; check key dates, issue details
Knack Packaging's IPO ranges from ₹161 to ₹170, open for subscription from July 1-3. The lot size is 88 shares, with a distribution among QIBs, NIIs, and retail investors. Listing on BSE and NSE anticipated on July 8.
Liotech Industries eyes muted BSE SME debut. Check GMP ahead of listing
The Rs 36.02-crore IPO received a subdued response from investors, with the issue being subscribed 1.91 times during the three-day bidding period. The retail portion was subscribed 2.97 times, while the non-institutional investor (NII) category remained undersubscribed at 0.85 times.
Swiggy Teams Up With Zerodha Fund House To Enable Mutual Fund Investments For Gig Workers
Swiggy partners Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100.
Waterways Leisure Tourism IPO opens on June 23: All you need to know before subscription
Ahead of the issue opening, Waterways Leisure Tourism raised ₹263 crore from eight anchor investors. Among them, Nova Global Opportunities Fund emerged as the largest investor, acquiring 6.31 lakh shares worth ₹51 crore, followed by Cullinan Opportunities Fund, which purchased 6.21 lakh shares valued at ₹50.25 crore.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Turtlemint Fintech IPO subscribed 0.46 times on Day 1; retail investors lead demand
Turtlemint Fintech Solutions' IPO opened on June 19 and garnered a modest response, with 0.46 times subscription by day's end. The company aims to raise ₹882.67 crore, primarily for acquisitions and expansion, with shares listed on NSE and BSE on June 29.
Waterways Leisure Tourism IPO: Price band set at ₹769-808 per share; check key dates, issue details
Waterways Leisure Tourism Limited sets its IPO price band between ₹769 to ₹808 per share, with subscription from June 23 to June 25. Reservations include 75% for QIBs, 15% for NIIs, and 10% for retail investors. Shares will list on BSE and NSE on July 1.
Liotech Industries IPO to open on June 17: Check issue size, GMP and other details about SME offer
In the Liotech Industries IPO, 50% of the issue is reserved for non-institutional investors (NIIs) and the other 50% for retail investors. The listing of Liotech Industries is expected to take place on June 24 on the BSE SME platform.