Market Debut

Arun Kejriwal warns investors about recent gains in IPO stocks driven by non-fundamental factors. He highlights IndoMIM's unique model, cautions on ESDS's volatile prices, and expresses concern over Technocraft's market behaviour. An overall cautious approach is recommended for stocks.

Waterways Leisure Tourism's share price rose nearly 6% on July 7 following the announcement of a board meeting on July 10 to discuss a stock split of its ₹10 shares, aiming to enhance liquidity while keeping shareholder value unchanged.

SpaceX aims for an IPO valuation over $2 trillion, potentially the largest market debut ever. The company confidentially submitted its draft papers for a public listing earlier this week. Details here.

The primary market will be active from September 29 with five new IPOs worth over ₹3,852 crore. Investors are keen on Grey Market Premiums (GMPs), indicating stock performance and investor sentiment. Notable IPOs include Tata Capital, TruAlt Bioenergy, and Jain Resource Recycling.

Sagility India IPO debuted at ₹31.06, a 3.53% premium over the issue price of ₹30. The IPO was oversubscribed 3.2 times, with strong demand across all investor segments. The offering was entirely an offer for sale, with no fresh issue component.

Kronox Lab Sciences share price had a strong debut on the stock exchanges with a 21% premium to the issue price. The IPO was oversubscribed by 117.25 times, with the NII portion at 301.92 times, QIB at 89.03 times, and retail investors at 52.24 times.