Secondary Market Update:
- Indian Indices hit all time high with Nifty 50 gaining 2.88% and Sensex gaining by 2.80% at 19,753.80 and 66,527.67 respectively. The market capitalization of BSE-listed firms reached an all-time high of Rs 303.59 lakh Crore as investors continued to be bullish.
- From the Sensex pack, State Bank of India, Wipro, Reliance Industries, HDFC Bank, Kotak Mahindra Bank, Tech Mahindra, IndusInd Bank and Asian Paints were the major gainers.
- In July 2023, FPIs invested Rs. 47,977 Crores in the Indian market including equities, debt, debt-VRR, and hybrid. Even though the FPI investment has been lower than June, they are on the path of recording the fifth monthly buying in the Indian market in a row. This marks the fifth consecutive month of net buying by FPIs in Indian stocks. From Jan, 2023 to July 2023, the overall market has seen an inflow of Rs. 141,325.46 Crores from FPIs.
Primary Market Update:
There were 6 main board IPO in July, 2023 of Netweb Technologies, Utkarsh Small Finance Bank, Senco Gold, Cyient DLM, IdeaForge Technology, and HMA Agro Industries against 1 IPO in June, 2023. All the IPOs saw strong oversubscription. There were 6 SME IPOs in July, 2023 as against 6 SME IPOs in June.
Netweb Technologies Limited:
|
About |
Netweb, with 20 years of experience, is a provider of servers, storage, back-up and HPC solutions that customizes the right technology blocks customized to the business requirements. Company’s turnover was Rs. 475 Crore in FY23 with profit of Rs. 47 Crore. |
|
Funds Utilization |
The proceeds from the offer for sale will be utilized for Funding the CAPEX of the company, repayments of outstanding borrowing of the company and General corporate purposes. |
|
IPO Performance |
The Rs 631 Crore IPO had fixed a price band of Rs 475-500 apiece valuing at PE of 55. The issue was oversubscribed by more than 90.36 times. The company delivered a strong listing of Rs. 910.50, 89.40% over its issue price. |
Funds Mobilization by Corporates (Rs. In Crore)
|
Particulars |
May-23 |
June-23 |
|
I. Equity Issues |
9,677 |
5,905 |
|
a. IPOs (i+ii) |
4,484 |
1,287 |
|
i. Main Board |
4,326 |
607 |
|
ii. SME Platform |
157 |
680 |
|
b. FPOs |
0 |
0 |
|
c. Equity Rights Issues |
2,790 |
192 |
|
d. QIPs/IPPs |
350 |
1800 |
|
e. Preferential Allotments |
2,054 |
2,627 |
|
II. Debt Issues |
83,905 |
96,687 |
|
a. Debt Public Issues |
0 |
539 |
|
b. Private Placement of Debt |
83,905 |
96,148 |
|
Total Funds Mobilized (I+II) |
93,583 |
1,02,592 |
cknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
Disclaimer:
This material has been prepared by the personnel in Vora Corporate Finance which is Investment Banking arm of Vora Management Consultancy Private Limited and looks after Mergers & Acquisitions (M&A), Private Equity (PE), Fund Raising, Debt syndication and Valuations and is based out of Ahmedabad, Gujarat, India. Any views or opinions expressed herein are solely that of individual authors and may differ from view of Vora Management Consultancy Private Limited. This material is proprietary to Vora Management Consultancy Private Limited and is for your personal use only. Any distribution, copy, reprints or forward to others is strictly prohibited.
This material captures the information based on information available in the public domain, public announcements and sources believed to be reliable. Analysis contained herein is based on publicly available information and appropriate assumptions. This material is intended merely to highlight market developments and is not intended to be comprehensive and does not constitute strategic, investment, legal or tax advice. In no event Vora Management Consultancy Private Limited be liable for any use by any party or for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by you for evaluating any transaction.
#mergersandacquisitions #privateequity #ipo #debt #debtsyndication #valuations #rating #creditrating #financeadvisory #finance #economy #indianeconomy #fundraising #capitalmarket #capital #banking #m&a #ma #pe #initialpublicoffer #businessloan #loan #businessvaluation #registeredvaluer #acquisition #merger #deals #financialdeals #ahmedabad #gujarat #india #ratingadvisory#primarymarket #secondarymarket #mergersandacquisitionsahmedabad #maahmedabad #privateequityahmedabad #ipoahmedabad #financeadvisoryahmedabad #stockmarket