Posts in category Business Standard
Intellect implements its core banking system for NASFUND Contributors Savings & Loan Society (05-02-2024)
Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena, recently announced that NASFUND Contributors Savings & Loan Society (NCSL), one of the largest savings and loan societies in Papua New Guinea (PNG) and South Pacific, has chosen to implement iGCBs award-winning core banking system, IDC, to fulfil their mission of improving the quality of life of their members through e-novation, security, services and a wide range of savings and loan products.
Alpex Solar IPO to open on Feb 8, sets price band at Rs 109-115/share (05-02-2024)
Solar energy solutions provider Alpex Solar Ltd on Monday said it has fixed a price band of Rs 109-115 apiece for its Rs 75-crore initial public offering (IPO).
The issue will open for public subscription on February 8 and conclude on February 12. The bidding for anchor investors will open for a day on February 7, the Greater Noida-based company said in a statement.
The maiden public issue comprises a fresh issue of 64.8 lakh equity shares. At the upper end of the price band, the company aims to mobilise Rs 74.52 crore.
Of the IPO proceeds, Alpex plans to utilise Rs 19.55 crore to upgrade and expand its solar module manufacturing facility and increase its capacity from 450 MW to 1.2 GW.
Further, Rs 12.94 crore will be used to set up a new manufacturing unit for its solar modules' aluminium frame; Rs 20.49 crore to meet its working capital requirements and the remaining for general corporate expenses.
Post the completion of the issue, shares of the company will be listed on the NSE
Kalyani Steels standalone net profit rises 67.17% in the December 2023 quarter (05-02-2024)
Sales rise 7.44% to Rs 479.76 crore
Polylink Polymers (India) reports standalone net profit of Rs 0.45 crore in the December 2023 quarter (05-02-2024)
Sales rise 71.51% to Rs 18.66 crore
AMJ Land Holdings consolidated net profit rises 103.57% in the December 2023 quarter (05-02-2024)
Sales rise 293.07% to Rs 20.99 crore
Albert David standalone net profit rises 77.44% in the December 2023 quarter (05-02-2024)
Sales rise 18.39% to Rs 88.28 crore
Mangal Credit & Fincorp standalone net profit rises 34.27% in the December 2023 quarter (05-02-2024)
Sales rise 56.52% to Rs 8.64 crore
Magna Electro Castings standalone net profit declines 7.35% in the December 2023 quarter (05-02-2024)
Sales decline 9.01% to Rs 35.15 crore
Market Creators reports standalone net profit of Rs 0.13 crore in the December 2023 quarter (05-02-2024)
Sales rise 54.39% to Rs 1.76 crore
Iris Clothings standalone net profit rises 151.90% in the December 2023 quarter (05-02-2024)
Sales rise 15.38% to Rs 23.48 crore