The Nifty50 index closed at 24,142, rising 131 points, or 0.5 per cent. Both Sensex and Nifty surpassed their previous closing highs on Thursday
Posts in category Business Standard
Two in three women investors take decisions independently: Axis MF survey (01-07-2024)
The finding is based on data of 10 million Axis MF investors, 30 per cent of whom are women, the fund house stated
Ambey Labs plans to raise funds via IPO; to open for subscription on July 4 (01-07-2024)
Agrochemical manufacturer Ambey Laboratories on Monday said it plans to raise Rs 44.68 crore through its initial public offer, which will open for public subscription on July 4.
The company has fixed the price band for its initial public offering (IPO) at Rs 65-68 per share. The public issue will conclude on July 8, the company said in a statement.
The shares of the company will be listed on NSE SME Emerge.
At the upper end of the price band, the company will fetch up to Rs 44.68 crore from the IPO, it added.
The IPO is a combination of a fresh issue of 62.58 lakh equity shares worth up to Rs 42.55 crore and an offer for sale of up to 3.12 lakh shares aggregating to Rs 2.12 crore by selling shareholder Sarina Gupta.
The net proceeds from the issue will be used by the company to meet the working capital requirements of the business, while the remaining capital will be used for general corporate purposes.
Investors can bid for a minimum of 2,000 shares and in multiples …
Market regulator Sebi directs exchanges, other MIIs to levy same fees (01-07-2024)
Move aimed at providing fair access, fee to all clients
Mutual fund investors ease off buying pedal as FPIs make comeback (01-07-2024)
Net buying by domestic funds lowest in 4 months
Market cap of BSE-listed firms hit lifetime high of Rs 443 trillion (01-07-2024)
The market capitalisation of BSE-listed firms hit a lifetime high of Rs 4,43,05,344.36 crore on Monday, driven by a rebound in equities, where the benchmark Sensex ended at a new all-time peak.
The 30-share BSE Sensex jumped 443.46 points or 0.56 per cent to settle at a new closing peak of 79,476.19. During the day, it climbed 528.27 points or 0.66 per cent to 79,561.
The market capitalisation of BSE-listed firms hit a new record high of Rs 4,43,05,344.36 crore (USD 5.31 trillion) amid an optimistic trend in equities.
“The domestic market sustained its upward momentum, with a reduction in the US PCE inflation raising hopes for a rate cut by the FED in September. This optimism contributed to the strong performance of IT stocks,” Vinod Nair, Head of Research at Geojit Financial Services, said.
Among the Sensex pack, Tech Mahindra, Bajaj Finance, UltraTech Cement, Tata Consultancy Services, Infosys, JSW Steel, HDFC Bank, Tata Motors, Hindustan Unilever and ICICI Bank were the biggest
Sebi approves IPO plans of FirstCry, SoftBank-backed Unicommerce eSolutions (01-07-2024)
While FirstCry had refiled its DRHP, Unicommerce classified more entities as promoters for IPO approval
Shivalik Engineering Industries files draft papers to raise funds via IPO (01-07-2024)
Precision engineering company Shivalik Engineering Industries Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO).
The IPO is a mix of fresh issue of shares worth Rs 335 crore and an offer for sale of up to 41.3 lakh equity shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed with Sebi.
The public issue also includes a reservation for a subscription by eligible employees.
The Raipur-based company intends to utilise the net proceeds from the fresh issuance to the extent of Rs 179.24 crore for setting up a solar plant, Rs 50 crore for expansion of existing foundry capacity by setting up a new foundry line, besides a portion of funds will be used for general corporate purpose.
Shivalik Engineering Industries began its operations in 2007 with a focus on manufacturing casting components, including high-quality metal parts for various sectors like automotive, agriculture, …
FirstCry’s parent firm Brainbees Solutions gets Sebi’s nod to float IPO (01-07-2024)
Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has received Sebi’s approval to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday.
Apart from this, three more companies — SaaS platform Unicommerce eSolutions, Maharashtra-based Gala Precision Engineering and Interarch Building Products — obtained the regulator’s nod to float the initial share sale.
These companies — who filed their preliminary IPO papers with Sebi between January and May 2024 — obtained the regulator’s observations during June 25-28, according to the update.
In Sebi’s parlance, obtaining its observations means its approval to float the public issue.
According to the fresh draft red herring prospectus (DRHP), Pune-based Brainbees Solutions’ proposed IPO is a combination of a fresh issue of equity shares, aggregating up to Rs 1,816 crore and an offer for sale (OFS) of up to 5.44 crore equity shares by existing …
M&A deal value slows 9% to $38 billion in the first half of 2024 (01-07-2024)
Deals to pick up in the second half, say bankers