Posts in category Business Standard
PSU shares gauge sees worst day since pandemic amid stock market crash (13-03-2024)
Analysts said the PSU space had gotten overheated after relentless gains over the past year and was ripe for a course correction
Rs 601.5 cr IPO of Popular Vehicles subscribed 45% on 2nd day of bidding (13-03-2024)
The initial share sale of Popular Vehicles and Services Limited got subscribed 45 per cent on the second day of subscription on Wednesday.
The Rs 601.55 crore-Initial Public Offer (IPO) received bids for 65,31,800 shares against 1,44,15,110 shares on offer, as per NSE data.
The portion for Retail Individual Investors (RIIs) attracted 77 per cent subscription while the non-institutional investors part got subscribed 20 per cent.
The IPO has a fresh issue of up to Rs 250 crore and an offer for sale of up to 1,19,17,075 equity shares.
The price range for the Kochi-based company's offer is Rs 280-295 a share.
On Monday, Popular Vehicles and Services said it has garnered Rs 180.17 crore from anchor investors.
Proceeds of the fresh issue will be used for debt payment and general corporate purposes.
Popular Vehicles and Services is a leading diversified automotive dealership in the country with a presence across the automotive retail value chain, including the sale of new passenger and
Small, midcap stocks sink further to log their biggest fall in two years (13-03-2024)
Analysts said elevated valuations in the small and mid-cap segment have been a concern for a while, but the strong message and the recent action by the regulator intensified the selling pressure
Board of IIFL Finance raising up to Rs 1500 cr via rights issue (13-03-2024)
Also approves NCD issuance up to Rs 500 cr
Board of Patanjali Foods approves pre-mature redemption of preference shares (13-03-2024)
At meeting held on 13 March 2024
Singapore Market ends 0.61% higher (13-03-2024)
At closing bell, the Straits Times Index (STI) index was up 19.25 points, or 0.61% to 3,160.72 after trading between 3,145.17 and 3,168.69. Volume of 1.55 billion shares worth S$1.34 billion changed hands. Across the broader market, advancers outpaced decliners 282 to 268.
Rail Vikas Nigam JV wins Rs 173.98 cr transmission project (13-03-2024)
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JG Chemicals makes weak market debut following IPO, shares decline 17% (13-03-2024)
Shares of JG Chemicals Ltd on Wednesday ended with a discount of nearly 17 per cent against the issue price of Rs 221.
The stock made its debut at Rs 211, lower by 4.52 per cent, from the issue price on the BSE. During the day, it tanked 18 per cent to Rs 181.20. Shares of the company ended at Rs 184.65, down 16.44 per cent.
At the NSE, shares of the company listed at Rs 209, a discount of 5.42 per cent. It ended at Rs 183.70, lower by 16.87 per cent.
The company's market valuation stood at Rs 723.57 crore.
In the broader equity market, the 30-share BSE Sensex ended 906.07 points lower at 72,761.89, while the Nifty declined 338 points to 21,997.70.
The Initial Public Offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding on Thursday.
The Rs 251.2 crore IPO was in a price range of Rs 210-221 a share.
The zinc oxide manufacturer's initial public offer had a fresh issue of shares of up to Rs 165 crore and an offer for sale of up to 39 lakh shares.
The .
Ticker allots 12.19 lakh equity shares under ESOP (13-03-2024)
Subsequent to the above allotment, the shareholding of 63 moons technologies limited in Ticker stood at 75.18%.
China: Market falls 0.4% (13-03-2024)
At close of trade, the benchmark Shanghai Composite index declined by 0.4%, or 12.10 points, to 3,043.84. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.11%, or 2 points, to 1,768.56. The blue-chip CSI300 index climbed up 0.7%, or 25.13 points, to 3,572.36.