Posts in category All News
Investors subscribe Vraj Iron IPO 3.46 times offer size on day 1 of bidding (26-06-2024)
The initial public offering (IPO) of Vraj Iron and Steel received 3.46 times subscription on the first day of share sale on Wednesday.
The Rs 171-crore initial share sale received bids for 2,12,27,976 shares against 61,38,462 shares on offer, according to NSE data.
The portion for retail individual investors (RIIs) garnered 5.05 times subscription while the category for non-institutional investors got subscribed 3.53 times. The qualified institutional buyers (QIBs) quota received 61 per cent subscription.
Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors.
The Rs 171-crore IPO is entirely a fresh issue of equity shares with no offer-for-sale component.
Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip.
The company will use the IPO proceeds for expansion projects at the Bilaspur facility and general corporate purposes.
Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mi
Sam Pitroda re-appointed as chairman of Indian Overseas Congress months after resigning over racist comments (26-06-2024)
Sam Pitroda is back as the head of Indian Overseas Congress months after he resigned from the same over racist comments. His statement - "people of the east look like the Chinese and those of the south look like Africans" - triggered a massive outrage in India in May this year.
Sanjiv Bhasin faces Sebi’s inquiry; IIFL Securities issues clarification (26-06-2024)
Sanjiv Bhasin, a familiar presence on various business news channels and digital media platforms, frequently shares his insights and trading strategies for stocks. In a statement, IIFL Securities said, "Bhasin was associated with IIFL Securities as a consultant on a contractual basis."
Consulting Firms Are the Early Winners of the AI Boom (26-06-2024)
Rattled by tech’s latest trend, businesses have turned to advisers at Boston Consulting Group, McKinsey and KPMG for guidance on adopting generative artificial intelligence.
Stop bulldozing poor peoples’ livelihood, says West Bengal LoP Suvendu Adhikari (26-06-2024)
Two days after the chief minister reprimanded civic authorities and raised questions on the attitude of the authorities in addressing civic problems and encroachments on state government’s lands, Police and civic authorities started pulling down roadside alleged encroachments, temporary shops, selling food and bulldozing roadside stalls. “The Chief Minister conducted two meetings where she spoke about stopping encroachments of government lands. Banerjee said police, state minister Sujit Bose, Gautam Deb, Haldia Development Authority-all are thieves,” Adhikari said.