About Us

With roots dating back 1968, Navinchandra Groups is the one of the oldest financial services provider in the area of Company Deposit, Government Securities, Bonds, NCD, Equity, Insurance, Mutual Funds, PMS & Unlisted Shares.

As an umbrella brand for the financial businesses of the Navinchandra Group, we offer a diverse range of products and services across corporate finance and retail segments.

Navinchandra Securities Pvt. Ltd clientele are as diverse as the Indian Economy itself. There is hardly a business, industrial or Professional insurance situation that has not presented itself us.

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IPO News

Delhi Budget: Time ripe for mindless freebies to make way for higher capex

The state must be pushed for improved infrastructure spending and good civic amenities, and the central government should not let the AAP government play with the future of Delhi for petty political gains

Tue, 21 Mar 2023 20:44:00 +0530

Delhi Budget: Time ripe for mindless freebies to make way for higher capex

Tue, 21 Mar 2023 20:44:00 +0530

SizeÃ‚Â of urban sector to double in next 25 years, says housing ministry official

The demand for Grade A premium office assets is also likely to increase to 1.2 billion sq. ft. by 2030 in India

Tue, 21 Mar 2023 20:32:46 +0530

Heatwave wrap: Mumbai#39;s unseasonal rains cools weather; Sydney through worst heatwave in 165 years

Apart from Mumbai, rainfall was also recorded in Delhi and some pockets of northwestern India on March 21.

Tue, 21 Mar 2023 20:25:43 +0530

Gudi Padwa offers from developers. Should you buy?

Check these points before you decide

Tue, 21 Mar 2023 20:20:05 +0530

India has 45,000 open jobs in Artificial Intelligence: TeamLease

The company said while the expected salaries for freshers in data engineering roles in India is up to Rs 14 lakh per annum, ML engineers at the same level earn up to Rs 10 lakh.

Tue, 21 Mar 2023 19:42:25 +0530

Housing sector seeing biggest boom in last 15 years, says HDFC Capital Advisors MD CEO Vipul Roongta

HDFC Capital Advisors Managing Director and CEO Vipul Roongta said residential real estate segment has revived strongly after going through a lot of pain due to new realty law RERA and demonetisation.

Tue, 21 Mar 2023 19:40:09 +0530

Protests in France continue after Macron#39;s pension plan push: See Pics

Mostly small, scattered protests were held in cities around France, some degenerating late on March 20 into violent incidents. In Paris, small groups took to the streets to set fire to piles of trash that have formed due to a strike by garbage collectors in the capital that is in its 16th day.

Tue, 21 Mar 2023 19:31:27 +0530

Gold Shines: Should you buy, hold, sell? Where are prices headed? | MC Podcast

Gold, known as the Ã¢Â€Â˜safe havenÃ¢Â€Â™ of investments, jumped above Rs 60,000 per 10 gm in India, making a record high. Despite banking woes in the US, gold futures gained more than 1.5 percent to Rs 60,299 per 10 grams on March 20. But why are gold prices skyrocketing? Should you buy more gold or sell? What are the support levels for gold? Listen in as Manisha Gupta Arushi Jain decode in the podcast.

Tue, 21 Mar 2023 19:20:09 +0530

Gold Shines: Should you buy, hold, sell? Where are prices headed? | MC Podcast

Tue, 21 Mar 2023 19:20:09 +0530

Buy Avenue Supermarts; target of Rs 4699: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Avenue Supermarts has recommended buy rating on the stock with a target price of Rs 4699 in its research report dated March 21, 2023.

Tue, 21 Mar 2023 19:15:39 +0530

Buy Avenue Supermarts; target of Rs 4699: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Avenue Supermarts has recommended buy rating on the stock with a target price of Rs 4699 in its research report dated March 21, 2023.

Tue, 21 Mar 2023 19:15:39 +0530

Buy Avenue Supermarts; target of Rs 4699: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Avenue Supermarts has recommended buy rating on the stock with a target price of Rs 4699 in its research report dated March 21, 2023.

Tue, 21 Mar 2023 19:15:39 +0530

Singapore pushes New York off the top spot in rental growth in Q4 2022: Report

The overall Prime Global Rental Index increased 10.3 percent in the year to December 2022, down from a peak of 11.8 percent in March 2022, the report added.

Tue, 21 Mar 2023 17:51:18 +0530

RBI Bulletin: Optimistic about India #39;whatever the odds#39;, FY24 GDP growth could be 7%

The central bank#39;s staff see the possibility of the Indian economy growing by 7 percent again in 2023-24 - an astounding 60 basis points higher than the RBI#39;s official forecast

Tue, 21 Mar 2023 17:49:50 +0530

Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.

2023-03-21T13:14:16+05:30

IndiaFirst Life Insurance gets SEBI approval to float IPO

IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.

2023-03-21T11:16:57+05:30

SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.

2023-03-20T17:31:08+05:30

Udayshivakumar Infra IPO subscribed 58% on Day One

According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.

2023-03-20T13:27:44+05:30

Global Surfaces IPO share allotment expected today. How to check status

According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.

2023-03-20T09:52:24+05:30

Udayshivakumar Infra IPO opens for subscription. Should you bid?

The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.

2023-03-20T09:30:55+05:30

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).

2023-03-19T11:32:02+05:30

Govt approves listing of state-owned IREDA by selling part stake

DIPAM will drive the listing process for which the Centre had given initial approval in 2017.

2023-03-17T20:10:05+05:30

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).

2023-03-17T13:29:37+05:30

Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.

2023-03-17T11:16:11+05:30

Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev

In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.

2023-03-16T14:41:12+05:30

Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?

Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.

2023-03-16T10:30:19+05:30

White label ATM provider India1 Payments defers IPO plans

It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "Weâ€™re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.

2023-03-15T22:20:00+05:30

Global Surfaces IPO subscribed 12.21 times on Day 3

According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.

2023-03-15T13:40:22+05:30

Divgi TorqTransfer lists at 5.1% premium

The â‚¹412-crore IPO comprised a fresh share issue of â‚¹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.

2023-03-15T06:01:00+05:30

Global Surfaces IPO fully subscribed on Day 2

Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO

2023-03-14T13:45:34+05:30

SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.

2023-03-13T21:39:12+05:30

Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?

The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors

2023-03-13T14:37:04+05:30

Global Surfaces IPO: Check subscription status, GMP and other details

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band

2023-03-13T14:24:03+05:30

Global Surfaces IPO opens. Should you subscribe to the issue?

Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.

2023-03-13T09:26:28+05:30

Global Surfaces among 5 IPOs that will open for subscription this week

The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter

2023-03-12T13:38:21+05:30

Global Surfaces IPO: 10 things you must know before investing

Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.

2023-03-12T10:47:56+05:30

Tata Technologies IPO: 10 things to know about the public offer

The size of the IPO wasnâ€™t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 â€“ Rs 4,000 crore.

2023-03-11T13:32:49+05:30

Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know

2023-03-10T18:28:43+05:30

Flipkart not averse to Dalal Street IPO

The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street

2023-03-10T15:53:09+05:30

Tata Technologies IPO: What it means for Tata Motors investors

Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.

2023-03-10T13:43:51+05:30

Tata Technologies files IPO papers with Sebi

The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.

2023-03-10T09:24:31+05:30

Global Surfaces IPO to open next week. Check price band and other details

The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo

2023-03-09T14:23:49+05:30

Byjuâ€™s is said to seek $250 million in Aakash pre-IPO funding

Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unitâ€™s planned initial public offering

2023-03-09T10:16:19+05:30

Divgi TorqTransfer IPO allotment today. How to check status

The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.

2023-03-08T13:25:27+05:30

SoftBank's arm aims to raise at least $8 billion in US IPO, say sources

The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said

2023-03-06T19:11:14+05:30

Nova Agritech files DRHP to raise funds via IPO

According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao

2023-03-06T17:18:32+05:30

Airox Technologies scraps IPO plans; withdraws IPO paper

However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday

2023-03-06T16:19:46+05:30

Divgi Torqtransfer Systems' IPO subscribed 5.44 times

The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.

2023-03-04T06:59:45+05:30

Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises

The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.

2023-03-03T13:28:04+05:30

Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details

Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.

2023-03-02T13:39:57+05:30

Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?

Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.

2023-03-02T09:01:13+05:30

Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details

Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.

2023-03-01T14:23:28+05:30

Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?

The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.

2023-03-01T10:00:00+05:30

What makes Divgi IPO suitable for investors with high risk appetite

Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters

2023-02-28T19:31:30+05:30

IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO

IRM Energyâ€™s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corpâ€™s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit

2023-02-28T15:03:27+05:30

FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs

Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.

2023-02-28T13:00:01+05:30

Divgi TorqTransfer fixes price band for public issue

The IPO includes a fresh issue of â‚¹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.

2023-02-28T06:35:15+05:30

Fabindia scraps $482 million IPO amid uncertain market conditions

The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details.

2023-02-27T16:05:05+05:30

Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO

The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.

2023-02-27T15:23:33+05:30

IPO drought to end in March with nine companies seeking to raise over Rs 17,000 crore

January and February did not see any public issues. The high-profile â‚¹20,000-crore follow-on public offering of Adani Enterprises was called off after a rout in its share price following a Hindenburg report accusing the conglomerate of stock price 'manipulation' and accounting 'fraud'.

2023-02-27T05:56:56+05:30

Divgi TorqTransfer Systems IPO opens on March 1. Check details here

The shares are expected to get listed on the exchanges on March 14. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.The issue comprises fresh issue of Rs 180 crore and an offer-for-sale of up to 39,34,243 equity shares by promoters and other selling shareholders

2023-02-24T21:50:51+05:30

Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unit

Companies from the Middle East raised some $21.9 billion through IPOs in 2022, more than half the total for the wider EMEA region, which also includes Europe and Africa, according to Dealogic data.

2023-02-23T12:29:19+05:30

Rishabh Instruments gets Sebi nod to float IPO

The company had filed preliminary IPO papers with Sebi in December last year. The issue consists of a fresh issue of equity shares worth up to Rs 75 crore and an offer-for-sale (OFS) of up to 9,417,500 equity shares by promoter and selling shareholders

2023-02-21T16:11:39+05:30

Macfos IPO gets strong response, subscribed 112 times on last day. Check GMP and other details

The company said the objects of the offer are to achieve the benefits of listing. Further, the listing will enhance its goodwill and provide liquidity to the existing shareholders. The company expects that the proposed listing will also provide a public market for the shares in India.

2023-02-21T13:30:21+05:30