Posts in category Business Standard
New demat account tally slips below 3 million in October, shows data (06-11-2023)
With this, the total account tally has reached 132 million. In the preceding two months, the industry had added over 3 million accounts each month
Protean eGov Tech IPO receives full subscription on Day 1 of offer (06-11-2023)
The Initial Public Offering (IPO) of Protean eGov Technologies received full subscription on the first day of share sale on Monday.
The initial share sale received bids for 46,91,250 shares against 43,78,700 shares on offer, translating into 1.07 times subscription, as per NSE data.
The portion for Retail Individual Investors (RIIs) was subscribed 1.49 times while non institutional investors quota got subscribed 1.65 times. The category for Qualified Institutional Buyers (QIBs) received 1 per cent subscription
Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) on Friday said it has mobilized a little over Rs 143 crore from anchor investors.
The public issue is purely an offer of sale (OFS) by existing shareholders. The OFS size has been reduced to 61.91 lakh equity shares from 1.28 crore equity shares planned earlier.
Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders and the company will not receive any funds fr
Bajaj Finance sets base price for Rs 8,800-crore QIP at Rs 7,250 per share (06-11-2023)
The NII for the reported quarter improved by 26 per cent to Rs 8,845 crore from Rs 7,002 crore in the same period a year ago
Crypto wallet app Okto announces $5 mn treasury fund for Vauld users (06-11-2023)
Okto said it has introduced a 2 per cent bonus for users who choose to transfer their assets from Vauld to Okto
FPI selloff in Indian shares hits nine-month high in October: NSDL data (06-11-2023)
Geopolitical concerns due to the ongoing Middle East conflict also added to the risk aversion in the markets in October, analysts added
Markets rally for third day as bond yields soften; Sensex rises 595 points (06-11-2023)
The Fed's dovish comments rekindled hopes of its rate-hiking campaign ending and spurred an equity rally across the globe
Markets rise for 3rd day as bond yields soften; Sensex, Nifty up nearly 1% (06-11-2023)
The Fed's dovish comments rekindled hopes of its rate-hiking campaign ending and spurred an equity rally across the globe
Rupee, government bond gain post favorable US non-farm payroll data (06-11-2023)
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
Rupee, government bond gain post favorable US non-farm payroll data (06-11-2023)
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
Accent Microcell files draft papers with NSE Emerge to float public offer (06-11-2023)
Pharma company Accent Microcell on Monday said it has filed draft papers with NSE Emerge to raise funds through an initial public offering (IPO).
The offering consists of a fresh issuance of 56 lakh equity shares with a face value of Rs 10 for each share, the Ahmedabad-based company said in a statement.
Proceeds from the issue will be used to invest in setting up a new plant at Navagam Kheda in Gujarat. It already operates two plants with a total installed capacity of 8,000 metric tonnes per annum.
Out of the total proceeds from the fresh issue, the company proposes to invest Rs 48.39 crore in the current financial year and Rs 6 crore in FY25 towards the establishment of Unit-III.
Accent Microcell manufactures Microcrystalline Cellulose (MCC), which is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent with an extensive range of applications in pharmaceutical, nutraceutical, food, cosmetic and other industries.
The firm registered a revenu