Posts in category Business Standard
EV maker Ola Electric secures market regulator Sebi approval for IPO (20-06-2024)
Ola Electric is eyeing a $6-7 billion valuation through the offering
Market regulator Sebi introduces framework for holdco price discovery (20-06-2024)
First special call auction to be conducted in October
Akme Fintrade IPO gets 11.61 times subscription on 2nd day of offer (20-06-2024)
The initial public offer of non-banking finance company Akme Fintrade (India) Ltd received 11.61 times subscription on the second day of bidding on Thursday.
The Rs 132 crore initial share sale received bids for 9,13,08,500 shares against 78,65,000 shares on offer, according to NSE data.
The quota for non-institutional investors got subscribed 22.21 times while the category for Retail Individual Investors (RIIs) fetched 15.11 times subscription. The Qualified Institutional Buyers (QIBs) portion received 17 per cent subscription.
The Initial Public Offer (IPO) of Akme Fintrade received 3 times subscription on the first day of bidding on Wednesday.
The IPO has a fresh issue of up to 1.1 crore equity shares.
The price range for the offer is Rs 114-120 per share.
Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors.
Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states --
Mutual funds bet big on electric vehicle sector, line up auto funds (20-06-2024)
Mirae Asset MF announces Nifty EV and New Age Automotive ETF, Groww files papers
Sebi tightens norms for IPO price discovery to curb manipulation (20-06-2024)
Introduces critical tweak to weed out fake orders during call auction
Going downhill: Rupee hits new low on importer demand, corporate outflows (20-06-2024)
Some market participants said that the RBI intervened in the foreign exchange market by dollar sales during the last hour of trade, which reversed some losses
Synergy Green collaborates with Senvion Wind Technology to develop 4 MW parts (20-06-2024)
Senvion Wind Technology (SWT) has finalized the development order for 4 MW Parts. This development is projected to complete during FY 2024-25 and commence serial production in FY 2025-26.
Indices ends higher, Nifty above 23,550, private banks climb (20-06-2024)
The domestic stocks clawed their way back on Thursday, ending slightly higher after a volatile session. Despite weekly options expiry shaking things up, the Nifty 50 managed to stay above 23,550. The action was sector-specific, with investors favoring realty, metals and private banks while taking profits in pharmaceuticals, autos and state-owned lenders. This highlights the ongoing trend of rotation, with money moving into undervalued large caps and out of previously hot counters. Even the broader market, which has been on a tear, seems to be taking a breather.
Japan Markets Rise Slightly After Exports Data (20-06-2024)
The yen fluctuated following a five-session drop as data showed Japanese exports rose for a sixth straight month in May.
Chinese Market Edge Lower Modestly (20-06-2024)
Chinese markets ended modestly lower as the People's Bank of China left benchmark lending rates unchanged at a monthly fixing and the central bank governor warned of weaker credit growth.