June 2024 Monthly Update- Upcoming IPO, Listing IPO

June 2024 Monthly Update- Upcoming IPO, Listing IPO

Market Performance:

  • Nifty 50: Started June at 23,337, dipped to a low of 21,281 amidst election volatility, but made a strong comeback, closing the month at 24,010. This marks a 7% gain for the Nifty 50, the strongest monthly performance since December 2023!
  • Bank Nifty: Similar to the Nifty 50, the Bank Nifty also saw a volatile month. It opened above 50,889, dipped to 46,077, and closed at 52,342, registering a 12% increase.

Key Events:

  • Election Jitters: The Indian general election results caused initial market uncertainty, leading to a temporary dip in both indices. (Read more: Livemint Lok Sabha Election Results Impact)
  • SEBI Tweaks FAMPO Rules: The Securities and Exchange Board of India (SEBI) relaxed delisting norms and made changes to the framework for issuing fresh equity (FAMPO). (Read more: Financial Express SEBI FAMPO Rules)
  • Mutual Fund Front Running Investigation: SEBI is actively investigating front-running activities by Quant Mutual Fund. Clients withdrew ?168 million within days, raising concerns about market integrity.
  • Sebi raises basic demat account limit to ?10 lakh to boost participation: Increasing the limit of securities' value held in the Basic Services Demat Account (BSDA) will encourage small investors to trade in the stock market and ensure their financial inclusion.

IPO Listing In June 2024

IPO Listing in June 24

Upcoming IPO:

Emcure Pharmaceuticals

  • Issue Date 3 Jul - 5 Jul
  • Price Range ? 960 to ? 1008
  • IPO Size ? 1,952.03 Cr
  • Min. Investment ? 13440


Bansal Wire Industries


  • Issue Date 3 Jul - 5 Jul
  • Price Range ? 243 to ?256
  • IPO Size ? 745 Cr
  • Min. Investment ? 14094

Divij Kalra

CFA L1 Candidate | Trader & Investor | ACCA Applied Skills Level | Financial Modelling Enthusiast | Project Manager

8 个月

Very Informative

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KAUSHIK KAR (Wealth Management Consultant)

Helping Professionals & NRIs Build Multi-Crore Corpus Faster with Minimal Risk

8 个月

Great share.

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Priya Narang Nagpal

Driving 93% Career success through Soft Skills Training | Career Coach & Corporate Trainer | Resume Writer | Communication Coach | Interview Preparation, LinkedIn Optimization, SOPs/LORs | Soft Skillls Trainer

8 个月

Well said! SANTU SAHA

Manav Jhaveri

LinkedIn Personal Branding and Ghostwriting for founders, investors and VCs. One interesting thing every day. AI, Tech, Writing, Culture, Psychology.

8 个月

Amazing!

Badrish Pai

CA Finalist I B.Com I Finance Enthusiast |

8 个月

Thanks for keeping us updated SANTU SAHA.

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