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[ad_1] The Shein logo can be seen on a smartphone, while the Chinese online retailer's website is open on a laptop.  Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein's hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and the U.S. roil business and trade. The company, last valued at $66 billion, confidentially filed to go public in the U.S. in November. Since then, it has faced resistance as it tries to join the American retail sphere, including through numerous rejected attempts to become a member of the National Retail Federation, the industry's largest trade association, CNBC previously reported. The e-commerce upstart filed to go public while becoming a household name in the U.S. by offering low prices and a facility to offer new styles quickly. The company is poised to take major market share from U.S. retailers, particularly Gap , TJX C

[ad_1] Sah Polymers IPO Subscription Day 2: The initial public offer (IPO) of Sah Polymers was fully subscribed on the second day of the issue. The offer has received bids for 48.04 lakh shares against the IPO size of 56.1 lakh shares, that is, a subscription rate of 86 per cent on December 30, the first day of bidding. The subscription opened on Friday, December 30, 2022. The price band of the issue, which will conclude on Wednesday, January 4, 2023. Sah Polymers IPO: Price Band The company has fixed the issue price band at Rs 61-65 per share. Sah Polymers IPO: Offer Details The public issue consists of only fresh issue of 1.02 crore equity shares, with no offer-for-sale (OFS) part. Sah Polymers IPO: Objectives of Issue Sah Polymers will utilise the issue proceeds for setting up a new unit to manufacture flexible intermediate bulk containers (FIBC). The new facility will have an installed capacity of 3,960 million tonnes per annum (mtpa). Currently, it has one manufacturing fac

[ad_1] Last Updated: September 20, 2023, 10:58 IST RR Kabel IPO now listed on BSE and NSE. Stay informed about RR Kabel IPO's GMP and subscription status. RR Kabel became the first T+2 listing in the Indian primary markets as the shares began trading three days after their IPO closed for subscription RR Kabel Listing on BSE, NSE:  Shares of RR Kabel began trading at Rs 1,180, which is a 14 per cent premium to its IPO price of Rs 1,035. The wires and cables company became the first T+2 listing in the Indian primary markets as the shares began trading three days after their IPO closed for subscription. The company has become the first IPO firm to complete its listing under the T+2 timeline. Under this norm, an IPO firm needs to complete its listing process within three working days from the closure of the IPO. The Rs 1,964.01 crore worth RR Kabel IPO opened for public subscription on September 13 and closed on September 15. The IPO comprised a fresh issue size of Rs 180 crore an

[ad_1] NEW DELHI: Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier. However, the total income of the insurer during the March quarter declined to Rs 2,01,022 crore from Rs 2,15,487 crore in the same period of the previous fiscal, LIC said in a regulatory filing. LIC's income from first-year premium also came down to Rs 12,852 crore against Rs 14,663 crore in the same quarter previous fiscal. The income from renewal premiums in the reporting period rose to Rs 76,328 crore compared to Rs 71,473 crore a year ago, while the single premium decreased to Rs 43,252 crore from Rs 58,251 crore. For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to Rs 35,997 crore from Rs 4,125 crore in the previous financial year. The board of LIC has recommended a final divide

[ad_1] Thibaut Mongon, CEO of Kenvue Inc. a Johnson & Johnson consumer-health business, speaks during an interview with CNBC during his company's IPO at the New York Stock Exchange (NYSE), May 4, 2023. Brendan McDermid | Reuters Kenvue CEO Thibaut Mongon is betting on brand and product innovation to drive growth at the newly spun-out company after its solid debut on the public market Thursday.  "In the next quarter and frankly, in the years to come, we are going to continue to do what we do best, which is innovating to find new ways to serve consumers and help them take better care of their health," Mongon told CNBC in an interview shortly after shares of Kenvue started trading on the New York Stock Exchange.   related investing news Shares of the company gained 22% Thursday to close at $26.90 per share. The stock hovered around that level in early trading Friday, giving the company a market value of roughly $50 billion.  Kenvue, spun out of Johnson & Joh

[ad_1] Even as the market week ended Friday was a blockbuster for the IPO market, an expert said the Indian market is retaining its positive trajectory and the momentum is likely to continue going forward. During the week, a total subscription amount of Rs 3.5 lakh crore and more than 1.5 crore applications getting processed in T+3 is a new global record. Mahavir Lunawat, managing director of Pantomath Capital Advisors, said, “The Indian market is retaining its positive trajectory. The primary market stole the spotlight in the week ending December 1, 2023, with a line-up of IPOs capturing investor interest. Tata Technologies IPO, as expected by the Street, witnessed robust demand from all sections of investors.” A total of 5 IPOs were listed this week — Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO, Flair Writing Industries IPO, and Rockingdeals Circular Economy SME IPO. All IPOs, except Fedbank Financial Services IPO, gave overwhelming returns on

[ad_1] The Sebi chief said this will go a long way in taking care of the ageing of public issues like IPOs. Markets regulator Sebi will be using a generative AI tool to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively. Markets regulator Sebi will be using a generative AI tool, which has been developed in-house, to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively. “One of our junior officers in the tech team has just developed a generative AI tool that can check the various compliances in the LODR (listing obligations and disclosure requirements) in no time. “So, we want to deploy this and within the next few months, hopefully as much as 80 per cent of the LODR compliance checks in DRHPs, which are done manually now, will be automated using this tool,” its chairperson Madhabi Puri Buch said here on Friday while addressing an event organised by investment bankers lobby AIBI. S

[ad_1] Fanatics founder and CEO Michael Rubin at his office in New York. The Washington Post | Getty Images Fanatics held its second investor day in nearly a year as the company quietly moves closer to an initial public offering, a source familiar with the matter tells CNBC. More than 100 existing and prospective institutional investors from major firms such as Goldman Sachs and Barclays gathered Tuesday for the meeting at the NBA Players Association headquarters in New York to hear from Fanatics founder and CEO Michael Rubin, the source said. Another 300 people attended the meeting virtually on Zoom. Leaders from all parts of the business gave presentations and took part in a Q&A session with the audience. A spokesman for Fanatics said the company's timeline for an IPO hasn't changed. Investors were also treated to a surprise visit by football great Tom Brady, an investor in the company. Brady spoke to investors about business and leadership and mingled with the aud

[ad_1] Sai Silks Kalamandir IPO Day 1: The initial public offering of retail textile company Sai Silks (Kalamandir) Ltd today, September 20, opened for public subscription. The IPO will close on September 22. Till 12 pm on Wednesday, Sai Silks Kalamandir IPO received 4,52,987 bids as compared with 3,84,86,309 shares on offer. The price band for the Rs 1,201.00-crore IPO is Rs 210-222 per share. Sai Silks (Kalamandir) raised over Rs 360 crore from anchor investors on Monday, days ahead of the launch of its IPO. Sai Silks Kalamandir IPO GMP According to market observers, Sai Silks Kalamandir is currently trading Rs 7 higher in the grey market. The Rs 7 grey market premium or GMP is about 3.15 per cent higher than its upper issue price of Rs 222 per share. This means the grey market is expecting an 3.15 per cent listing gain from the public issue. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price. About Sai Silks Kalamandir IPO Investors can subscr

[ad_1] Due to dampened sentiment, too many companies were listed at a discounted price.(File)) A lot happened in the financial markets in calendar year 2022. One of the notable events of 2022 was the long pause of 80 days in the primary markets. Indian share markets suffered in the first half of 2022 because of the pandemic, geopolitical tensions, interest rate hikes, and supply chain disruptions. As a result, due to dampened sentiment, too many companies were listed at a discounted price. Considering the scenario, even the big companies that had their prospectus approved, didn't come out with their respective offer. Oyo, Snapdeal, and many other start-up IPOs deferred their IPO plans. This scenario re-emphasises the belief of the greatest investor of all time - Warren Buffett. Way back in 2004, the Oracle of Omaha explained in his AGM, “ An IPO situation more closely approximates a negotiated deal. I mean, the seller decides when to come to market in most cases. And they don

[ad_1] New Delhi:  Kaka Industries limited is all set to launch its fresh initial public offering (IPO) from July 10 to July 12 after getting a green signal from Securities Exchange Board of India (SEBI). The company aims to raise funds through equity shares while also provide a chance to invest in the business. Kaka Industries limited IPO Issue Size: The total number of shares being offered is 36,60,000. Kaka Industries limited IPO Price Band: The price range for the shares is set at ₹55.00 to ₹58.00 per share. Kaka Industries limited IPO Face Value: Each share has a face value of ₹10.00. Kaka Industries limited IPO Tick Size: The tick size, or the minimum price movement, is ₹1.00. Kaka Industries limited IPO Market Lot: The market lot represents the minimum number of shares that can be bought or sold in a single transaction, which in this case is 2000 shares. Kaka Industries limited IPO Minimum Bid Quantity: The minimum bid quantity is also set at 2