ICICI Prudential AMC’s Rs 10,602 crore IPO opens for subscription on December 12. This is a pure offer for sale by its UK partner. The offer closes on December 16. The company manages significant assets and shows strong profitability. Brokerages recommend subscribing for long-term investment. Valuations are considered fair, with modest listing expectations.Read More

The US dollar is weakening, heading for its third weekly drop as the Federal Reserve signals potential rate cuts next year, boosting the euro and sterling. Investors are uncertain about future US monetary policy due to unclear inflation and labor market trends.Read More

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.Read More

The S&P 500 and Dow Jones closed at record highs Thursday, driven by financial stocks after a less hawkish Federal Reserve. The Nasdaq lagged as Oracle’s AI spending concerns and weak forecasts caused its shares to tumble, fueling fears of an AI bubble. Market rotation favored cyclicals and small caps amid anticipation of global growth...Read More

Oil prices saw an increase on Friday due to worries about more Venezuelan oil tankers being intercepted. However, prices are still set for a weekly drop. This is because of hopes for a peace deal between Russia and Ukraine. A peace agreement could boost Russian oil supply. Meanwhile, Ukrainian drones hit a Russian oil platform.Read More

Encompass Design India, operating as ScaleSauce, is set to list on the NSE SME platform on December 12. The IPO, which closed on December 9, saw a subscription of 2.19 times, with NIIs showing strong interest. The company, a consumer-brand builder in home, lifestyle, and food categories, aims to use IPO proceeds for infrastructure, working...Read More

Flywings Simulator, an aviation training firm, is set to debut on the NSE SME platform on December 12. The IPO, which closed on December 9, is trading at a 0% grey market premium, suggesting a listing around its issue price. The company plans to use IPO proceeds for pilot-training equipment and general corporate purposes.Read More

Ashwini Container Movers’ Rs 71 crore IPO opens on December 12. The Maharashtra-based logistics firm will sell 50 lakh shares. Proceeds will fund debt repayment and new truck purchases. The company specializes in containerized freight movement. Its financial performance has improved significantly. The IPO aims to support expansion plans. Investors will monitor subscription trends.Read More

Exim Routes, a technology-led global recyclables trading platform, is launching its Rs 43.73 crore IPO on December 12, with a price band of Rs 83 to Rs 88 per share. The company, which uses an AI-powered B2B platform for sourcing and logistics, reported significant financial growth in FY25. The IPO aims to fund platform development,...Read More

Stanbik Agro, a Gujarat-based agri-commodities firm, is launching its Rs 12.28 crore IPO on December 12. The company, which operates in contract farming, B2B supplies, and modern retailing, aims to expand its retail network and working capital. With strong recent financial growth, Stanbik Agro is poised to capitalize on the evolving agricultural supply chain.Read More