Posts in category Business Standard
Panic selling may ensue if Nifty Bank falls below 46,536: How to trade? (27-03-2024)
If Nifty Bank breaches 46,536, the immediate next support levels are expected to be around 46,225 and 45,675
Tech call: Nifty below 20-DMA; S H Kelkar, Vidhi Specialty can rally 13-15% (27-03-2024)
Nifty closed on a weak wicket as its closed below its 5, 11 and 20 DMA. In the derivatives, we have seen aggressive Call writing at 22,200-22,300 levels
Bharti Hexacom sets price band for Rs 4,275 cr IPO at Rs 542-570 per share (26-03-2024)
Bharti Airtel's arm Bharti Hexacom on Tuesday said it has fixed a price band of Rs 542 to Rs 570 per share for its Rs 4,275-crore initial public offering (IPO).
The initial share-sale of the telecom operator's arm will be open for public subscription during April 3-5, and the bidding for anchor investors will open for a day on April 2, the company said in a public notice.
This will mark the first public offering in the 2024-25 fiscal year.
The company's IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component.
Since it is an offer-for-sale or OFS, Bharti Hexacom will not receive any proceeds from the IPO.
At present, promoter Bharti Airtel holds 70 per cent stake and the remaining 30 per cent stake is owned by Telecommunications Consultants India.
Bharti Hexacom provides telecommunication services in Rajasthan and the North East.
At the upper-end of the price band
Carlyle said to weigh $1 bn IPO for IT firm Hexaware Technologies (26-03-2024)
The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said
PGIM India MF launches retirement fund; StanChart offers 7.5 mn shares (26-03-2024)
Standard Chartered Bank is offering up to 7.5 million shares in Central Depository Services India (CDSL) in a placement
Investors open wallets for equity mutual funds in choppy markets (26-03-2024)
Lumpsum inflows into equity MF schemes spike to a two-year high in February
Sebi bans two persons from market for 3 years, slaps Rs 77 lakh penalty (26-03-2024)
Sebi on Tuesday barred two individuals from the securities market for three years and imposed a penalty of over Rs 77 lakh on them for their involvement in front-running.
Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients.
Those restrained by the Securities and Exchange Board of India (Sebi) are -- Rohit Mankotia, who was employed in Radico NV Distilleries, and his mother Shila Devi.
Further, Mankotia was on deputation to Sapphire Intrex Ltd (Big Client) and his work is related to technical analysis of stocks for Sapphire. Sapphire is the promoter of Radico Khaitan Ltd (RKL) and held 33.95 per cent equity shares of RKL, as per Sebi order.
Additionally, the two persons have been directed to disgorge Rs 38.8 lakh within 45 days and the same will be credited into the Investor Protection and Education Fund (IPEF).
In its 65-page orde
Investors subscribe SRM Contractors IPO 3.56 times on day 1 of bidding (26-03-2024)
The initial public offer of SRM Contractors received 3.56 times subscription on the first day of bidding on Tuesday.
The IPO received bids for 1,54,35,840 shares against 43,40,100 shares on offer, as per NSE data.
The category for non-institutional investors got subscribed 6.26 times while the portion for Retail Individual Investors (RIIs) attracted 3.54 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1.57 times.
The Initial Public Offering (IPO) of fresh issue of up to 62,00,000 equity shares has a price range of Rs 200-210 a share.
SRM Contractors mopped up Rs 39 crore from anchor investors on Friday.
The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh, as per its website.
The company was incorporated in September ...
PE firm Olympus to sell 9.8% stake in India’s Aster DM for up to $234.5 mn (26-03-2024)
Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share
ZEE Entertainment Board introduces structured Monthly Management Mentorship program (26-03-2024)
Focused on achieving key performance metrics