Street signs: Rs 12,000 crore IPO, regulatory quake and more

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The Securities and Exchange Board of India’s proposed tightening of derivatives trading regulations is likely to have a profound impact on stock exchanges, causing declines in volumes, revenues and profitability.

2 minutes of reading Last updated: August 5, 2024 | 12:02 AM IST

This week is set to be a key one for the primary markets, with four initial public offerings (IPOs) scheduled to raise nearly Rs 12,000 crore. The issuers include Ola Electric (Rs 6,145 crore), FirstCry (Rs 4,194 crore), Ceigall India (Rs 1,253 crore) and Unicommerce eSolutions (Rs 277 crore). Market watchers see these IPOs as a litmus test of investors’ appetite for loss-making and new-age companies. Additionally, this week will be crucial for SoftBank, a prominent backer of Indian startups, with stakes in Ola, FirstCry and Unicommerce valued at nearly $1.5 billion. Grey Market

First published: August 04, 2024 | 23:47 IST