The most important topics in business that get searched on Google include the International Gemological Institute (IGI) share, Siemens Shares, which showed a sharp decline of 9%, Sagility Shares, which boosted 54% from the IPO, and Mamata Machinery IPO GMP day 2, which was subscribed 28.53 times so far.
Let’s discuss these topics in detail one by one in this article in a very concise manner and in a shorter time. Let’s read one by one.
Table of Contents
International Gemological Institute Share Price.
IGI India is worldwide recognized for certifying and grading natural diamonds, laboratory-grown diamonds, studded jewelry, and colored stones, and for offering educational programs. Its IPO was listed at a share price of Rs 510 with a 23% premium on the National Stock Exchange (NSE), while on the Bombay Stock Exchange (BSE), the stock was listed at Rs 505, with a premium of Rs 21% to issue price.
IGI IPO showed a strong performance because this IPO was subscribed 35.48 times, where retail investors subscribed 11.77 times, the employee portion subscribed 22 times, and QIBs booked the issue 48.11 times. IGI IPO raised Rs 4,225 crore with a combination of a Fresh Issue and an Offer for Sale.
Seimens Shares See a Strong Fall of 9%.
Shares of Seimen India Limited closed with a strong fall of almost 9% to 10% to Rs 6,885 on Friday, December 20, 2024. The stocks of this company have seen a continuous down of 16% from the recent peak of Rs 8,129.
This decline in shares is because the management spoke on its post-earnings call. The management of the multi-national company said that the private capex has not picked up meaningfully overall. While the private capex remains decent in semiconductors and batteries, it remains slow in traditional technologies. Click here to read more.
Sagility India Ltd Shares Surged By 54% From Its IPO.
Sagility India Ltd shares surged by 54% to 60% from its IPO’s issue price of Rs 30, but it still has the potential to grow further, according to the global brokerage firm Jefferies, which initiated the coverage on the stock on Friday, 20 December 2024. Jefferies, a foreign brokerage firm has indicated a “buy” recommendation on Sagility India, with a price target of Rs 52 per share. This price target indicates a potential up of 18% from Thursday’s closing levels.
Jefferies wrote forward in the note, that Sagility India is a leading US healthcare-focused BMP firm, with extensive domain expertise. Jefferies also expects Sagility India will deliver a compound annual growth rate (CAGR) of 12% in revenue and 40% in profit after tax (PAT) over FY25 to 27, supporting favorable earnings growth outlooks and sustaining current price-to-earnings (PE) multiples.
Mamata Machinery IPO Day 2: Subscription Status, GMP.
Mamata Machinery IPO was fully subscribed within minutes of the opening. Till now its Initial Public Offering (IPO) has been subscribed to 38.86 times, where retailers subscribed 52.96 times, QIBs 4.74 times, and NII category investors 50.88 times by December 20, 2024.
Mamata Machinery IPO is playing a very strong Premium of almost 102.88%, calculating Rs 250 GMP. With the Issue price of Rs 243.00 and GMP of Rs 250, the estimated listing price may be Rs 493.
The Company’s Initial Public Offering (IPO) will be listed on the BSE and NSE exchange, on December 27, 2024. This IPO has set the price band of Rs 230 to Rs 253 per share, where lot size of 61 shares. The company wants to raise Rs 179.39 crore from this IPO from the book-built issue which is entirely an offer for the sale of 73,82,340 shares, evaluating Rs 179.39 crore.
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