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Chipmaker CXMT eyes $9.8 bn in blockbuster China IPO
China's leading memory chipmaker ChangXin Memory Technologies is seeking billions in an IPO. This move aims to bolster the nation's artificial intelligence hardware capabilities. The company intends to rival global giants like Samsung and Micron. This significant offering marks China's largest mainland tech share sale ever. It will provide a strong foundation for China's AI development goals.
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Just 2% return! Will SBI Funds Management break the curse of India's poor billion-dollar IPO record?
India's large IPOs have shown mixed investor returns, with many billion-dollar offerings underperforming. SBI Funds Management's IPO will now test this trend with its strong financials. Analysis shows eight of thirteen large IPOs are trading above their issue prices. However, several major offerings like New India Assurance have seen significant losses. The success of SBI Funds Management's IPO hinges on future earnings growth supporting its valuation.
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Alpine Texworld IPO Day 2: GMP at 10%; check subscription, valuation and other key details
The Rs 126.25 crore Alpine Texworld IPO witnessed healthy investor interest on Day 2, with the issue subscribed 28% on the first day, led by retail participation. The IPO is commanding a grey market premium of around 10%, indicating a potential listing price of about Rs 115 per share against the upper price band of Rs 105. The issue closes for subscription on July 16.
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Indian Gas Exchange files IPO papers with Sebi; parent IEX to divest stake
Indian Gas Exchange has filed preliminary papers for its Initial Public Offering. The proposed public issue is entirely an Offer For Sale by its promoter. This move aims to enhance the company's visibility and brand image. IGX operates a technology-enabled electronic marketplace for natural gas trading. The company reported revenue growth for the financial year ending March 2026.
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SBI Funds Management IPO: Issue subscribed 2.77 times on Day 2; GMP signals 16% listing gains
SBI Funds Management IPO received robust demand on its second day of bidding. Non-institutional investors led the subscription, booking over six times their allocated portion. The Grey Market Premium suggests a potential listing price of approximately Rs 662 per share. This public issue, an Offer for Sale, will remain open until July 16. Investors await the basis of allotment, expected on July 17, 2026.
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Indo-MIM said to cut IPO size to $420 million in July launch
Precision engineering firm Indo-MIM is set to launch its IPO later this month, targeting around $420 million after trimming the issue size from an earlier $700 million plan. The offering, delayed due to Middle East tensions, comes amid improving market sentiment and renewed foreign investor interest in Indian equities.
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