Latest IPO News Updates on October 29, 2024: Godavari Biorefineries IPO Listing, Multibagger IPOs, Usha Financial Services IPO Allotment, Afcons Infrastructure IPO Day 3

In today’s fast-paced financial market, IPOs are making headlines with companies stepping into the public market to offer shares to investors. One such company making waves is Godavari Biorefineries, whose IPO allotment has been finalized and is set to be listed on both the BSE and NSE on October 30. The latest news indicates a muted listing of shares, signaling the market reception for the company.

Meanwhile, in the world of multibagger IPOs, 12 companies have soared over 100% from their issue price in Samvat 2080, showcasing the vibrant IPO market with 332 companies going public and raising a total of ₹1.08 trillion. High-profile listings like Hyundai Motors and Bajaj Housing Finance have contributed to the success, with analysts predicting continued momentum into Samvat 2081.

Usha Financial Services is also in the spotlight with its IPO share allotment likely to happen today. Despite market volatility, the SME IPO attracted strong investor interest, with subscriptions reaching 19 times the offering. The shares are expected to list on October 31, adding to the excitement in the IPO market.

Additionally, Afcons Infrastructure IPO is on its third day, with market observers noting a premium of ₹25 in the grey market for the company’s shares. Investors are eagerly watching the subscription status and considering whether to apply for this IPO.

Overall, the IPO market is buzzing with activity, offering investors new opportunities and insights into the financial strategies, valuation, and market reception of companies going public. Stay tuned for more updates on the latest IPO news and trends shaping the economic landscape.