Posts in category Business Standard
Nifty Bank, Nifty Private Bank rangebound on charts: Check key levels (05-03-2024)
A breach above 47600 would suggest a potential upward movement, with the next resistance levels expected at 47786, 48280, and 48400 in Nifty Bank, says Ravi Nathani
Dow Jones looks to exit BSE index JV; Mukka Proteins IPO booked 136.89x (04-03-2024)
The Rs 224 crore-initial public offering (IPO) got bids for 7,665,765,155 shares against 56,000,435 shares on offer, according to data available with the NSE
Consensus price targets signal modest upside this year for stock markets (04-03-2024)
Analysts expect Nifty50 components to gain an average 6.6%, Nifty Midcap 100 about 2%
Ceigall India files IPO papers with Sebi, eyes Rs 618 cr via fresh issue (04-03-2024)
Infrastructure company Ceigall India Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO).
The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 617.69 crore and an Offer For Sale (OFS) of up to 1.43 crore equity shares by the promoters, and an individual selling shareholder, according to the draft red herring prospectus filed on Sunday.
Promoters and promoter group entities -- Ramneek Sehgal, Ramneek Sehgal and Sons HUF, Avneet Luthra, Mohinder Pal Singh Sehgal, Parmjit Sehgal, Simran Sehgal -- and individual shareholder Kanwaldeep Singh Luthra are divesting their stakes in the proposed public issue.
The offer includes a reservation for subscription by eligible employees.
The company may consider raising Rs 123.50 crore in the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced.
Proceeds from the fresh issue to the tune of Rs 118.78 crore will be
PE firms Advent, Multiples to invest Rs 1,930 cr in Svatantra Microfin (04-03-2024)
The investment follows Svatantra's recent acquisition of Chaitanya India Fin Credit Limited
Fairfax-backed Go Digit receives Sebi’s approval to raise funds via IPO (04-03-2024)
Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the regulator showed on Monday.
The approval came after the company's preliminary IPO papers were first filed in August 2022.
Go Digit's proposed IPO comprises fresh issuance of shares worth Rs 1,250 crore and an Offer For Sale (OFS) of 10.94 crore shares by promoter Go Digit Infoworks Services and existing shareholders, according to the draft red herring prospectus (DRHP).
Proceeds from the fresh issuance would be utilised for the augmentation of the company's capital base and maintenance of solvency levels and for general corporate purposes.
Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm.
According to an update with the Sebi (Securities and Exchange Board of India) on Monday, the regulator gave its observation on March 1.
In Sebi's parlance, obtaining ..
JG Chemicals collects Rs 75 crore from anchor investors ahead of IPO (04-03-2024)
Zinc oxide manufacturer JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors, a day before its initial public offering (IPO).
The company has allotted 34.09 lakh shares to four funds at Rs 221 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website.
At this price, the company has garnered Rs 75.36 crore from anchor investors.
Massachusetts Institute of Technology, Carnelian Structural Fund, Pinebridge Global Funds and SBI General Insurance Company were among the anchor investors.
The initial share sale, with a price band of Rs 210-221 apiece, will open for public subscription during March 5-7.
The Rs 251.2 crore IPO comprises a fresh issue of equity shares worth up to Rs 165 crore and an offer-for-sale (OFS) of 39 lakh equity shares aggregating to Rs 86.2 crore, at the upper end of the price band, by the promoter group.
As part of the OFS, Vision Projects & Finvest Pvt Ltd, Suresh Kumar Jhunjhunwala .
Mukka Proteins IPO receives 136.89 times subscription on last day of offer (04-03-2024)
The initial share sale of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 136.89 times subscription on the last day of bidding on Monday.
The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer, according to data available with the NSE.
The portion for non-institutional investors got subscribed 250.26 times, while the portion for Qualified Institutional Buyers (QIBs) received 189.28 times subscription. The quota for Retail Individual Investors (RIIs) fetched 58.36 times subscription.
The company fixed the price band at Rs 26-28 a share for the IPO. The issue was entirely a fresh issue with no Offer For Sale (OFS) component.
Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors.
Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working
LTIMindtree’s Fosfor division launches Fosfor Decision Cloud (04-03-2024)
To help companies harness the power of AI
Investors subscribe R K Swamy IPO 2.18 times on first day of bidding (04-03-2024)
The initial public offering of integrated marketing services firm R K Swamy was subscribed 2.18 times on the first day of bidding on Monday.
The Rs 423.56 crore-initial share sale received bids for 1,79,73,350 shares against 82,32,946 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 7.84 times and non-institutional investors part received 2.97 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent.
The Initial Public Offering (IPO) has a fresh issue of up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares worth Rs 250.56 crore at the upper end of the price band.
The IPO comes in a price range of Rs 270-288 a share.
RK Swamy Ltd on Friday said it has collected Rs 187 crore from anchor investors.
Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aide