Posts in category Business Standard
Exicom Tele-Systems IPO gets subscribed 27.76 times on 2nd day of offer (28-02-2024)
The Initial Public Offering (IPO) of EV charger maker Exicom Tele-Systems Ltd received 27.76 times subscription on the second day of bidding on Wednesday.
The Rs 429 crore-IPO got bids for 50,59,42,200 shares against 1,82,23,540 shares on offer, as per data available with the NSE.
The quota for Retail Individual Investors (RIIs) got subscribed 64.73 times while the portion for non-institutional investors attracted 54.36 times subscription. The category for Qualified Institutional Buyers (QIBs) received 4.48 times subscription.
The IPO got fully subscribed within hours of opening for bidding on Tuesday.
It has a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter NextWave Communications.
At present, NextWave Communications holds a 76.55 per cent stake in the company, and HFCL, part of the promoter group, owns a 7.74 per cent ...
Sebi proposes further exemptions of granular disclosures for selected FPIs (28-02-2024)
It is proposed that disclosure exemption will be given only if the composite holding of all such FPIs in the group is less than three per cent of the total equity share capital
Artefact Projects wins consultancy project for Rs 5.50 cr (28-02-2024)
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Equity investors become poorer by Rs 6 trillion as stock markets crash (28-02-2024)
Investors' wealth eroded by Rs 6 lakh crore in a single day on Wednesday as the BSE benchmark Sensex tumbled over 790 points.
The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88. During the day, it slumped 872.93 points or 1.19 per cent to 72,222.29.
The market capitalisation (mcap) of BSE-listed companies eroded by Rs 6,02,338.56 crore to Rs 3,85,97,298.49 crore (USD 4.71 trillion).
"Investors resorted to heavy selling ahead of Thursday's F&O expiry. Weak Asian market cues and Dow Futures indicating a negative start also led to a massive round of profit-taking across the board as benchmark Sensex closed below the crucial 73k mark.
"The pessimism can also be attributed to lack of direction ahead of Thursday's release of the January US Personal Consumption and Expenditures (PCE) index, the Fed's preferred measure of inflation that tracks consumer spending," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Among the Sensex firms, ...
KSB consolidated net profit declines 1.79% in the December 2023 quarter (28-02-2024)
Sales rise 14.87% to Rs 602.60 crore
JCK Infrastructure Development reports standalone net loss of Rs 0.52 crore in the December 2023 quarter (28-02-2024)
Reported sales nil
Sensex tanks 790 pts, Nifty ends below 22,000; broader mkt tumbles (28-02-2024)
Domestic equity benchmarks tumbled on Wednesday, mirroring negative global cues. With a lack of strong positive or negative catalysts, the market is currently seeking direction. The Nifty50 concluded near the 21,950 level, having reached a peak of 22,229.15 during morning trade. Among sectors, media, PSU banks, and realty shares saw notable declines.
Platinum Industries IPO subscribed 22.19 times (28-02-2024)
The offer received bids for 21.37 crore shares as against 96.32 lakh shares on offer.
Exicom Telesystems IPO subscribed 27.76 times (28-02-2024)
The offer received bids for 50.59 crore shares as against 1.82 crore shares on offer.
Singapore Market falls 0.6% (28-02-2024)
On Monday, Kansas City Federal Reserve Bank President Jeffrey Schmid used a debut speech on policy to signal that he remains focused on the threat of high inflation and is in no rush to cut rates. In addition, Fed Governor Michelle Bowman on Tuesday indicated she is in no hurry to cut rates, given upside risks to inflation that could stall progress or even cause price pressures to resurge.