ACME Solar Holdings plans to use the net proceeds from its IPO to repay outstanding borrowings and fund general corporate purposes, with the OFS proceeds going to the promoter-selling shareholder. For FY24, the company reported a revenue of Rs 470.84 crore and a profit after tax of Rs 419.56 crore, reversing a loss from FY23.
Posts in category All News
Niva Bupa Healthcare IPO subscribed 72% so far on Day 2, retail investors drive strong demand. Check details (08-11-2024)
The offering, comprising a fresh equity sale of Rs 800 crore and an offer for sale (OFS) of 1.89 crore shares, will remain open for bidding until November 11. Through the OFS, Bupa Singapore Holdings and Fettle Tone will reduce their stakes.
Canara Bank shares 0.76% as Nifty falls (08-11-2024)
The stock quoted a 52-week high price of Rs 129.35 and low of Rs 76.31.
Here’s why Dharmesh Shah is bullish on L&T (08-11-2024)
The market structurally looks positive, yes. As I said, the bull market corrections are part and parcel. We expect 23,700 to 23,500 remains to be the very strong support for the Nifty.
My Evolution Portfolio: The ‘When,’ ‘Why,’ & ‘What’ (08-11-2024)
This was the exact question I was about to ask…what makes you feel NPS tier 2 is better than liquid/debt funds…is it the lower expense ratio? I think for liquid/debt funds, expense ratio is anyways very low? (Pls correct me if wrong). Also, for debt funds, the ratio is generally 70:30 (debt to equity) unlike 50:50 that you mentioned for NPS tier 2. Is that giving them slightly better returns than liquid/debt fund? I think taxation must be similar for both? Thanks
Info Edge shares 1.12% as Nifty drops (08-11-2024)
A total of 2,004 shares changed hands on the counter till 01:08PM (IST).
Swiggy IPO subscribed 2.15 times so far on Day 3 (08-11-2024)
Swiggy IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore
MRF shares drop: Take U-turn after reporting 20% fall in net profits for Q2 (08-11-2024)
After opening in the green territory and gaining 0.40 per cent on Wednesday morning, the shares of tyre manufacturing giant MRF dropped 2.85 per cent at Rs 1,17,500 per share on the BSE
FMCG major Marico may buck the industry trend (08-11-2024)
Marico may buck the industry trend with the fast-moving consumer goods (FMCG) major reporting strong growth and favourable commentary in a weak quarter for the industry. The company reported consolidated revenue growth of 8 per cent year-on-year (Y-o-Y) in Q2FY25. Domestic revenue growth was 8 per cent Y-o-Y with 5 per cent volume growth (4 per cent in Q1FY25).