Posts in category Business Standard
Travel portal Ixigo’s parent firm files draft papers with Sebi to float IPO (14-02-2024)
Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Wednesday filed preliminary papers with Sebi to raise funds through an initial public offering.
The Gurugram-based company's Initial Public Offering (IPO) will be a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares through the OFS.
Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company's working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data science, including on cloud and server hosting, technology on artificial intelligence and customer
Rupee rises 5 paise to close at 83 against dollar on positive mkt sentiment (14-02-2024)
The rupee appreciated 5 paise to close at 83.03 (provisional) against the US dollar on Wednesday, tracking positive domestic equities.
Forex traders said strength of the American currency in the overseas market and elevated crude oil prices weighed on the local unit and restricted a sharp uptick.
At the interbank foreign exchange, the local unit opened at 83.11 against the greenback. It hit an intra-day high of 83.02 and a low of 83.12.
It finally settled at 83.03 (provisional) against the dollar, higher by 5 paise from its previous close of 83.08.
"We expect the rupee to trade with a slight negative bias on strong US dollar and risk aversion in global markets. Rising crude oil prices may also put pressure on the rupee," said Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas.
Choudhary added that any bounce back in domestic markets may support the rupee at lower levels.
"Traders may remain cautious ahead of India's trade balance and US retail sales data. USD-INR spot pri
Smallcap selloff weighs on sentiment causing dull debut for new listings (14-02-2024)
Jana, Capital Small Finance Bank slip below IPO price
Aplab reports standalone net profit of Rs 0.14 crore in the December 2023 quarter (14-02-2024)
Sales rise 3.38% to Rs 11.93 crore
Largecap heavy funds back in reckoning as smallcap funds fever recedes (14-02-2024)
In a first in 17 months, largecap, flexicap funds outpace smallcap schemes in terms of flows
Nifty February futures trade at premium (14-02-2024)
NSE India VIX slipped 2.35% as shares advanced.
Entero Healthcare Solutions IPO ends with 1.53x subscription (14-02-2024)
The offer received bids for 1.09 crore shares as against 71.50 lakh shares on offer.
Esconet Tech IPO to open on February 16, price band at Rs 80-84 per share (14-02-2024)
IT system integrator firm Esconet Technologies on Wednesday fixed the price band at Rs 80-84 apiece for its Rs 28.22 crore initial public offering which will open for subscription on February 16.
Esconet proposes to utilise Rs 16 crore of the IPO proceeds towards funding its long-term working capital requirements, besides investing Rs 2.5 crore in its wholly-owned subsidiary, ZeaCloud Services Private Limited to acquire additional hardware and software.
The issue will comprise a fresh issue of 33,60,000 equity shares with a face value of Rs 10 through the book-building route.
The company has reserved 9.53 lakh equity shares for the anchor portion, 1.76 lakh equity shares for market makers, 4.78 lakh equity shares allocated for high net-worth individuals, 6.36 lakh equity shares for qualified institutional buyers, and Retail portion accounts for 11.15 lakh equity shares.
The anchor portion will be opened on February 15, and the issue will conclude on February 20. The company intends
Sensex rises 268 pts, Nifty closes above 21,800, VIX slides 2.35% (14-02-2024)
Domestic equity benchmarks ended with decent gains on Wednesday, rising for the second day in a row. The Nifty settled above the 21,800 level after hitting the days low of 21,530.20 in morning trade. PSU bank, oil & gas and media stocks witnessed buying demand while IT, healthcare and pharma shares declined.
Japanese stocks slump from 34 year high (14-02-2024)
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