ISRO Prepares for Launch of Earth Observation Satellite EOS-3 Today
India’s space agency ISRO is set to launch the Earth Observation Satellite EOS-3...
10h ago
business
Tech Startup NovaWave Raises $500M in Landmark IPO on NSE Today
Summary
NovaWave, an emerging AI-driven software firm, launched its initial public offering (IPO) on the National Stock Exchange (NSE) today, raising $500 million. The IPO was oversubscrib
NovaWave, an emerging AI-driven software firm, launched its initial public offering (IPO) on the National Stock Exchange (NSE) today, raising $500 million. The IPO was oversubscribed by 3.5 times within the first two hours of trading, signaling strong investor confidence. Shares opened at ₹1,200, a 20% premium over the issue price, according to Bloomberg. Market analysts suggest that NovaWave’s focus on cloud-based AI solutions is driving robust demand amid a bullish tech sector. This IPO marks one of the largest tech listings in India this year, reflecting growing investor appetite for innovation-led growth companies.
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